Brainworks Foundation Incorporated
- Assets
- $28.4k
- Revenue
- $3.0
- Investments
- $0.0
- Employees
- 0
- Location
- Akron, OH
- Founding
- 07/2008
- Data as of
- 12/2021
- EIN
- 61-1550552
Organization Overview
Brainworks Foundation Incorporated is located in Akron, OH. The organization was established in 2008. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brainworks Foundation Incorporated 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 12/2021, Brainworks Foundation Incorporated generated $3.0 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 (71.6%) each year. All expenses for the organization totaled $3.6k during the year ending 12/2021. 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 |
|---|---|---|---|
Deborah Holder MD President | 2 | $0 | |
John Godby Vice President | 0.5 | $0 | |
Susan Holder Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3 |
| Net Rental Income | $0 |
| 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 | $0 |
| Total Revenue | $3 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,500 |
| Total operating and administrative expenses | $3,600 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,411 |
| 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 | $28,411 |
| 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 Recieved
Over the last fiscal year, we have identified 1 grants that Brainworks Foundation Incorporated has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Child Neurology Education And Research Foundation Lexington, KY PURPOSE: 2020 RISING TIDES EMERGENCY RESPONSE ORGANIZATION GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-Michigan Child Care Centers Inc Freeland, MI | $1,154,182 | $9,904,930 |
Learn & Play Fort Washington, PA | $20,169,763 | $14,001,464 |
Comprehensive Community Child Care Organization Inc Cincinnati, OH | $5,282,302 | $9,574,418 |
Federation Day Care Services Philadelphia, PA | $6,192,299 | $8,469,963 |
Wonderspring Narberth, PA | $4,413,061 | $8,430,879 |
Tippecanoe County Child Care Inc Lafayette, IN | $4,482,295 | $9,627,858 |
Community Coordinated Child Care Inc Louisville, KY | $2,874,516 | $6,545,348 |
Seton Hill Child Services Inc Greensburg, PA | $1,269,411 | $6,556,594 |
Early Childhood Alliance Inc Fort Wayne, IN | $6,420,930 | $9,413,804 |
Northern Tier Community Action Corp Emporium, PA | $3,740,342 | $5,777,452 |
Potential Development Program Youngstown, OH | $5,230,376 | $7,321,839 |
Lifespan Day Care Quakertown, PA | $8,401,495 | $5,416,474 |