Ethel S Brody Charitable Foundation Inc
- Assets
- $1.2m
- Revenue
- $29.2k
- Investments
- $1.2m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 03/2001
- Data as of
- 07/2024
- EIN
- 57-1116814
Organization Overview
Ethel S Brody Charitable Foundation Inc is located in Raleigh, NC. 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. Ethel S Brody Charitable 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 07/2024, Ethel S Brody Charitable Foundation Inc generated $29.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $48.5k during the year ending 07/2024. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ethel S Brody Charitable Foundation Inc has awarded 66 individual grants totaling $459,577. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT ARTISTIC CREATIVITY THROUGH COLLECTIONS, EXHIBITIONS, AND PROGRAMS AT THE COLUMBIA MUSEUM OF ART.
TO SUPPORT THE SERVICES PROVIDED BY THE USC EDUCATIONAL FOUNDATION.
TO SUPPORT PROGRAMS, LECTURES, GALLERY TALKS AND CHILDREN'S ACTIVITIES AT THE NORTH CAROLINA MUSEUM OF ART
TO SUPPORT EDUCTATIONAL PROGRAMS PROVIDED BY THE HUN SCHOOL OF PRINCETON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David S Brody Director | 10 | $0 | |
Janet B Rush Director | 0 | $0 | |
Laura C Brody Director | 0 | $0 | |
Jerel F Rush Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,542 |
| Interest on Savings | $12,960 |
| Dividends & Interest | $28,038 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$20,349 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,191 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,212 |
| Total operating and administrative expenses | $18,575 |
| Contributions, gifts, grants paid | $29,900 |
| Total expenses and disbursements | $48,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,209 |
| 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 | $836,072 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,193,663 |
| 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, Ethel S Brody Charitable Foundation Inc has awarded $29,900 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BALLET THEATRE PURPOSE: GENERAL SUPPORT | $2,400 |
MUSEUM OF MODERN ART PURPOSE: GENERAL SUPPORT | $1,500 |
NORTH CAROLINA MUSEUM OF ART PURPOSE: TO SUPPORT PROGRAMS, LECTURES, GALLERY TALKS AND CHILDREN'S ACTIVITIES | $11,000 |
THE METROPOLITAN MUSEUM OF ART PURPOSE: TO SUPPORT ARTISTIC CREATIVITY THROUGH COLLECTIONS, EXHIBITIONS, AND PROGRAMS | $1,500 |
THE SOLOMON R GUGGENHEIM MUSEUM PURPOSE: TO SUPPORT ARTISTIC CREATIVITY THROUGH COLLECTIONS, EXHIBITIONS, AND PROGRAMS | $800 |
USC EDUCATIONAL FOUNDATION PURPOSE: SCHOLARSHIP ENDOWMENT | $10,000 |