Albert Leroy Brown Foundation Inc
- Assets
- $507.7k
- Revenue
- $27.4k
- Investments
- $452.5k
- Employees
- 0
- Location
- Leesurg, FL
- Founding
- 03/1996
- Data as of
- 08/2022
- EIN
- 59-3332046
Organization Overview
Albert Leroy Brown Foundation Inc is located in Leesurg, FL. The organization was established in 1996. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Albert Leroy Brown 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 08/2022, Albert Leroy Brown Foundation Inc generated $27.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $41.5k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christyne B Hamilton President, Treasurer | 15 | $0 | |
Jana M Brown Secretary, Director | 5 | $0 | |
Albert L Brown Jr Vice President, Director | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $4,509 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,935 |
| Capital Gain Net Income | $22,935 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,445 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $24 |
| Taxes | $294 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,760 |
| Total operating and administrative expenses | $10,043 |
| Contributions, gifts, grants paid | $31,450 |
| Total expenses and disbursements | $41,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,260 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $507,723 |
| Accounts payable and accrued expenses | $1,800 |
| 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 | $2,781 |
| Total liabilities | $4,581 |
Grants Awarded
Over the last fiscal year, Albert Leroy Brown Foundation Inc has awarded $31,450 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
DR MARTIN LUTHER COMMEMORATION COMMITTEE PURPOSE: CHARITABLE | $4,000 |
UNITED NEGRO COLLEGE FUND PURPOSE: EDUCATIONAL - STUDENT ASSISTANCE | $3,500 |
BETHUNE COOKMAN COLLEGE PURPOSE: EDUCATIONAL - COLLEGE | $1,625 |
FLORIDA A&M UNIVERSITY PURPOSE: EDUCATIONAL - UNIVERSITY | $1,625 |
SEMINOLE STATE COLLEGE PURPOSE: EDUCATIONAL - COLLEGE | $1,625 |
LAKE SUMTER STATE COLLEGE PURPOSE: EDUCATIONAL - COLLEGE | $1,625 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
In Touch Foundation Inc Atlanta, GA | $84,991,538 | $40,474,859 |
Elaine Nicpon Marieb Charitable Foundation Naples, FL | $63,080,385 | $8,696,635 |
The Florida Concrete Masonry Education Council Inc Gainesville, FL | $2,957,826 | $3,367,750 |
Parents With A Purpose Inc Atlanta, GA | $315,977 | $2,301,377 |
Global Generosity Inc Alpharetta, GA | $2,653,838 | $2,877,884 |
Jk And Db Gulley Mem Tuw J K Gulley Tr Orlando, FL | $0 | $486,471 |
Recovery Research Network Foundation Inc Atlantis, FL | $303,889 | $1,495,637 |
Geo Group Foundation Inc Boca Raton, FL | $194,115 | $1,477,065 |
Lake Oconee Academy Foundation Inc Greensboro, GA | $20,544,289 | $963,837 |
Alabama Symphony Endowment Birmingham, AL | $18,611,694 | $1,402,512 |
Boxton Cares Inc Crawfordville, FL | $317,182 | $816,667 |
Next Steps Employment Services Corp Sarasota, FL | $28,896 | $1,115,611 |