Lomas Brown Jr Foundation Inc
- Assets
- $42.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waterford, MI
- Founding
- 04/1995
- Data as of
- 12/2021
- EIN
- 38-3137179
Organization Overview
Lomas Brown Jr Foundation Inc is located in Waterford, MI. The organization was established in 1995. 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. Lomas Brown Jr Foundation Inc 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 12/2021, Lomas Brown Jr Foundation Inc generated $48.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.5%) each year. All expenses for the organization totaled $5.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (54.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
YOUTH PROGRAMS, SERVICES, CAMPS, CLINICS, SCHOLARSHIPS, AND ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Hendrian Director | 0 | $0 | |
Lomas Brown Jr President And CEO | 0 | $0 | |
Jim Rossmann Director | 0 | $0 | |
Tarence Wheeler Director | 0 | $0 | |
Deborah M Schneider Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,267 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,267 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $681 |
| Total expenses | $5,681 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,595 |
| Other assets | $0 |
| Total assets | $42,595 |
| Total liabilities | $0 |
| Net assets or fund balances | $42,595 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lomas Brown Jr Foundation Inc has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
National Football League Foundation New York, NY PURPOSE: NFL PLAYER FOOTBALL CAMP GRANT | $2,750 |
National Football League Foundation New York, NY PURPOSE: NFL PLAYER FOOTBALL CAMP GRANT | $2,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN | $26,119,752 | $5,253,152 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |
Herb Kohl Educational Foundation Inc Milwaukee, WI | $133,385 | $3,506,418 |
Say Yes Cleveland Scholarship Inc Cleveland, OH | $89,649,014 | $4,775,644 |
Ab Nicholas Scholarship Foundation Mequon, WI | $58,753,687 | $6,013,180 |
John F And Edith L Wilsterman Foundation Flushing, MI | $43,019,363 | $3,159,735 |