Robert W And Lynn H Browne Foundation
- Assets
- $6.4m
- Revenue
- $664.4k
- Investments
- $4.1m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 06/1983
- Data as of
- 12/2023
- EIN
- 38-2452645
Organization Overview
Robert W And Lynn H Browne Foundation is located in Grand Rapids, MI. The organization was established in 1983. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert W And Lynn H Browne 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 W And Lynn H Browne Foundation generated $664.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 52.3% each year . All expenses for the organization totaled $1.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Robert W And Lynn H Browne Foundation has awarded 15 individual grants totaling $2,125,100. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Browne Pres., Sec., Treas., & Direc. | 0.5 | $0 | |
Scott Andrews Vice Pres., Director | 0.5 | $0 | |
Matthew R Browne Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $410,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $274,038 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,591 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $664,447 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,128 |
| Contributions, gifts, grants paid | $1,007,500 |
| Total expenses and disbursements | $1,012,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,340,862 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,052,740 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,393,602 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Robert W And Lynn H Browne Foundation has awarded $1,007,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MICHIGAN - KELLOGG EYE CENTER - PAUL R LICHTER FUND PURPOSE: GENERAL | $500,000 |
UNIVERSITY OF MICHIGAN - SCHOOL OF DENTISTRY PURPOSE: GENERAL | $500,000 |
WOODSON CENTER PURPOSE: GENERAL | $7,500 |