Martin And Brown Foundation
- Assets
- $10.5m
- Revenue
- $1.4m
- Investments
- $9.8m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/2001
- Data as of
- 06/2023
- EIN
- 41-1997225
Organization Overview
Martin And Brown Foundation is located in Minneapolis, MN. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Martin And Brown 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 06/2023, Martin And Brown Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $745.7k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Martin And Brown Foundation has awarded 72 individual grants totaling $3,236,000. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer L Martin President/secretary | 10 | $0 | |
Tamara M Brown Vice President | 0 | $0 | |
Ariana M Brown Treasurer | 0 | $0 | |
Isaac Brown Director | 0 | $0 | |
Gabrial Brown Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,011,605 |
| Interest on Savings | $15,846 |
| Dividends & Interest | $137,714 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$135,017 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $351,657 |
| Total Revenue | $1,381,805 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,778 |
| Taxes | $38,576 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $183,866 |
| Total operating and administrative expenses | $240,747 |
| Contributions, gifts, grants paid | $505,000 |
| Total expenses and disbursements | $745,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,027 |
| Savings and temporary cash investments | $600,281 |
| 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 | $9,807,772 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,533,080 |
| 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, Martin And Brown Foundation has awarded $730,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATE FOR HUMAN RIGHTS PURPOSE: GENERAL PURPOSE TO BE DETERMINED BY THE GRANTEE | $50,000 |
AVIVO PURPOSE: GENERAL PURPOSE TO BE DETERMINED BY THE GRANTEE | $25,000 |
LEAGUE OF WOMEN VOTERS PURPOSE: GENERAL PURPOSE TO BE DETERMINED BY THE GRANTEE | $40,000 |
CENTER FOR REPRODUCTIVE RIGHTS PURPOSE: GENERAL PURPOSE TO BE DETERMINED BY THE GRANTEE | $75,000 |
MINNESOTA PRIVATE COLLEGE FUND PURPOSE: GENERAL PURPOSE TO BE DETERMINED BY THE GRANTEE | $10,000 |
PLANNED PARENTHOOD NORTH CENTRAL STATES PURPOSE: GENERAL PURPOSE TO BE DETERMINED BY THE GRANTEE | $25,000 |