Brookbank Foundation Inc
- Assets
- $6.9m
- Revenue
- $1.1m
- Investments
- $6.7m
- Employees
- 0
- Location
- Grafton, WI
- Founding
- 10/1985
- Data as of
- 12/2021
- EIN
- 39-1516196
Organization Overview
Brookbank Foundation Inc is located in Grafton, WI. The organization was established in 1985. 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. Brookbank 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, Brookbank Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 70.4% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 16.3% per year over the past 4 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 2020, Brookbank Foundation Inc has awarded 79 individual grants totaling $4,193,335. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Ann Labahn President | 1 | $12,000 | |
Charles P Labahn Exec VP & Secretary, | 1 | $12,000 | |
Ridge Braunschweig VP & Treasurer | 4 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $69,354 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,052,051 |
| Capital Gain Net Income | $1,027,278 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,005 |
| Total Revenue | $1,127,410 |
| 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 | $12,665 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $344 |
| Total operating and administrative expenses | $105,627 |
| Contributions, gifts, grants paid | $955,325 |
| Total expenses and disbursements | $1,060,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $169,612 |
| 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 | $577,926 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,864,032 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,400,000 |
| 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 | $1,400,000 |
Grants Awarded
Over the last fiscal year, Brookbank Foundation Inc has awarded $955,325 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: CONTIBUTION PROVIDED | $600,000 |
Milwaukee, WI PURPOSE: CONTIBUTION PROVIDED | $100,000 |
Brown Deer, WI PURPOSE: CONTIBUTION PROVIDED | $75,000 |
Milwaukee, WI PURPOSE: CONTIBUTION PROVIDED | $35,000 |
Milwaukee, WI PURPOSE: CONTIBUTION PROVIDED | $25,000 |
Palm Springs, CA PURPOSE: CONTIBUTION PROVIDED | $21,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |