Michael And Laura Brader-Araje Foundation
- Assets
- $5.8m
- Revenue
- $407.9k
- Investments
- $5.4m
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 10/2000
- Data as of
- 12/2022
- EIN
- 56-2205579
Organization Overview
Michael And Laura Brader-Araje Foundation is located in Chapel Hill, NC. The organization was established in 2000. 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. Michael And Laura Brader-Araje 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 12/2022, Michael And Laura Brader-Araje Foundation generated $407.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $389.9k during the year ending 12/2022. While expenses have increased by 17.7% per year over the past 8 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 2014, Michael And Laura Brader-Araje Foundation has awarded 125 individual grants totaling $1,524,996. 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 |
|---|---|---|---|
Michael Brader-Araje President/secretary | 5 | $0 | |
Laura Brader-Araje Vice President/treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $65 |
| Dividends & Interest | $105,602 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $67,986 |
| Capital Gain Net Income | $67,986 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $234,221 |
| Total Revenue | $407,874 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $77,500 |
| Pension plans, employee benefits | $3,100 |
| Interest | $0 |
| Taxes | $36,239 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30,452 |
| Total operating and administrative expenses | $166,728 |
| Contributions, gifts, grants paid | $223,163 |
| Total expenses and disbursements | $389,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4 |
| Savings and temporary cash investments | $354,737 |
| 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 | $1,634,125 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,769,195 |
| 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, Michael And Laura Brader-Araje Foundation has awarded $223,163 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CAROLINA FRIENDS SCHOOL PURPOSE: SUPPORT EDUCATION | $74,563 |
DTH MEDIA CORP PURPOSE: SUPPORT STUDENT ACADEMIC EXPERIENCE BY PUBLISHING A UNIVERSITY COMMUNITY NEWSPAPER | $1,000 |
JUST TRYAN IT PURPOSE: SUPPORT FAMILIES WHOSE CHILDREN HAVE BEEN DIAGNOSED WITH CANCER | $5,000 |
KIDZU CHILDREN'S MUSEUM PURPOSE: SUPPORT HANDS-ON CHILDREN'S MUSEUM | $10,000 |
LAFAYETTE COLLEGE PURPOSE: SUPPORT HIGHER EDUCATION | $10,000 |
LILLIAN'S LIST FOUNDATION PURPOSE: SUPPORT THE TRAINING OF WOMEN INTERESTED IN PUBLIC OFFICE | $10,000 |