Brewer Foundation Inc
- Assets
- $1.4m
- Revenue
- $30.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- Rocky Mount, NC
- Founding
- 04/1971
- Data as of
- 08/2024
- EIN
- 56-0941242
Organization Overview
Brewer Foundation Inc is located in Rocky Mount, NC. The organization was established in 1971. 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. Brewer 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 08/2024, Brewer Foundation Inc generated $30.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $57.5k during the year ending 08/2024. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Brewer Foundation Inc has awarded 98 individual grants totaling $952,754. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph B Brewer III Director/pre | 0 | $0 | |
Virginia H Brewer Director/sec | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,039 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,182 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $87,298 |
| Capital Gain Net Income | $87,298 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$110,492 |
| Total Revenue | $30,027 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,501 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,153 |
| Contributions, gifts, grants paid | $38,365 |
| Total expenses and disbursements | $57,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,712 |
| Savings and temporary cash investments | $36,025 |
| 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 | $130,345 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,394,750 |
| 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 | $8,824 |
| Total liabilities | $8,824 |
Grants Awarded
Over the last fiscal year, Brewer Foundation Inc has awarded $38,365 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NC STATE PURPOSE: EDUCATIONAL | $25,000 |
ROCKY MOUNT ACADEMY PURPOSE: EDUCATIONAL | $8,440 |
VARIOUS CHARITIES PURPOSE: EDUCATIONAL AND RELIGIOUS | $4,925 |