Brandywine Foundation Inc
- Assets
- $8.1m
- Revenue
- $335.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 06/1960
- Data as of
- 10/2023
- EIN
- 52-6033622
Organization Overview
Brandywine Foundation Inc is located in Annapolis, MD. The organization was established in 1960. 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. Brandywine 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 10/2023, Brandywine Foundation Inc generated $335.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $275.0k during the year ending 10/2023. While expenses have increased by 4.0% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS FOCUSED ON MEETING THE PRACTICAL AND LEGAL REQUIREMENTS OF PRESERVATION AND MAINTENANCE OF "WHITEHALL" HISTORIC HOUSE AND GROUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ty Swindell Vice Preside | 1 | $0 | |
Charles E Scarlett III President | 1 | $0 | |
Mark Burnett Treasurer | 1 | $0 | |
Emily Hall Secretary | 1 | $0 | |
Hal Burnett Director | 1 | $0 | |
William A Scarlett Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,789 |
| Dividends & Interest | $0 |
| Net Rental Income | $261,372 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $67,272 |
| Total Revenue | $335,433 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $65,309 |
| Pension plans, employee benefits | $6,379 |
| Interest | $0 |
| Taxes | $7,510 |
| Depreciation | $7,843 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,896 |
| Printing and publications | $0 |
| Other expenses | $174,035 |
| Total operating and administrative expenses | $275,022 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $275,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,347 |
| Savings and temporary cash investments | $126,946 |
| 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 | $2,760 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $7,770,403 |
| Other assets | $0 |
| Total assets | $8,083,456 |
| Accounts payable and accrued expenses | $367 |
| 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 | $367 |