Billy Brown Charitable Foundation
- Assets
- $2.1m
- Revenue
- $387.2k
- Investments
- $2.0m
- Employees
- 0
- Location
- Sugar Land, TX
- Founding
- 12/2015
- Data as of
- 12/2023
- EIN
- 47-6418419
Organization Overview
Billy Brown Charitable Foundation is located in Sugar Land, TX. The organization was established in 2015. 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. Billy Brown Charitable 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, Billy Brown Charitable Foundation generated $387.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $616.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Billy Brown Charitable Foundation has awarded 50 individual grants totaling $2,776,615. 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
MD ANDERSON EVENT HELD 4/11/2019 TO RAISE MONEY FOR MD ANDERSON CANCER CENTER-REVENUES RECEIVED DUE TO LIVE AUCTION, TEAM SPONSORSHIPS, RAFFLE, MULLIGANS, AND DONATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy Brown Director | 1 | $0 | |
Tammy Brown Director | 1 | $0 | |
Emma Brown Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $508,650 |
| Interest on Savings | $1,090 |
| Dividends & Interest | $72,029 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$171,941 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$22,654 |
| Total Revenue | $387,174 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,218 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $94,352 |
| Total operating and administrative expenses | $123,037 |
| Contributions, gifts, grants paid | $493,400 |
| Total expenses and disbursements | $616,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,473 |
| Savings and temporary cash investments | $0 |
| 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 | $172,410 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,143,905 |
| 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 | $44,650 |
| Total liabilities | $44,650 |
Grants Awarded
Over the last fiscal year, Billy Brown Charitable Foundation has awarded $493,400 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB PURPOSE: UNRESTRICTED CHARITABLE GRANT | $6,500 |
BOYS AND GIRLS CHAMPION VALLEY PURPOSE: UNRESTRICTED CHARITABLE GRANT | $10,000 |
CHPT (OPERA HOUSE DONATION) PURPOSE: UNRESTRICTED CHARITABLE GRANT | $5,000 |
CLEMENTS ATHLETIC BOOSTER CLUB PURPOSE: UNRESTRICTED CHARITABLE GRANT | $500 |
CLUB LIFE CHARITIES PURPOSE: UNRESTRICTED CHARITABLE GRANT | $5,000 |
COLORADO RIVER LAND TRUST PURPOSE: UNRESTRICTED CHARITABLE GRANT | $10,000 |