Robert N Brewer Family Foundation
- Assets
- $25.1m
- Revenue
- $5.0m
- Investments
- $22.1m
- Employees
- 0
- Location
- Herrin, IL
- Founding
- 02/1997
- Data as of
- 12/2023
- EIN
- 36-4129119
Organization Overview
Robert N Brewer Family Foundation is located in Herrin, IL. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert N Brewer Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Robert N Brewer Family Foundation generated $5.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Robert N Brewer Family Foundation has awarded 21 individual grants totaling $6,403,175. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SCHOLARSHIPS FOR POST-SECONDARY EDUCATION TO STUDENTS GRADUATING FROM TWO LOCAL HIGH SCHOOLS (MARION HIGH SCHOOL & HERRIN HIGH SCHOOL).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie A Delaney Director | 5 | $12,000 | |
Christopher B Osman Director | 3 | $12,000 | |
Zachary A Lukens Director | 3 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,357,830 |
| Interest on Savings | $0 |
| Dividends & Interest | $701,614 |
| Net Rental Income | $6,600 |
| Net Gain on Sale of Assets | $2,931,825 |
| Capital Gain Net Income | $2,931,825 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,324 |
| Total Revenue | $5,004,193 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75,004 |
| Depreciation | $42,394 |
| Occupancy | $11,541 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $161,249 |
| Total operating and administrative expenses | $436,915 |
| Contributions, gifts, grants paid | $852,915 |
| Total expenses and disbursements | $1,289,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,106,738 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,232 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $19,054,963 |
| Net Land, buildings, and equipment | $945,204 |
| Other assets | $0 |
| Total assets | $25,145,583 |
| Accounts payable and accrued expenses | $38,002 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $38,002 |
Grants Awarded
Over the last fiscal year, Robert N Brewer Family Foundation has awarded $585,275 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HERRIN HIGH SCHOOL PURPOSE: PROJECT GRADUATION | $275 |
SCHOLARSHIPS PAID PURPOSE: SCHOLARSHIPS FOR POST-SECONDARY EDUCATION | $585,000 |