L P Brown Foundation
- Assets
- $22.8m
- Revenue
- $638.1k
- Investments
- $22.8m
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 07/1957
- Data as of
- 12/2023
- EIN
- 62-6036338
Organization Overview
L P Brown Foundation is located in Boulder, CO. The organization was established in 1957. 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. L P Brown 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 12/2023, L P Brown Foundation generated $638.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, L P Brown Foundation has awarded 46 individual grants totaling $1,070,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES CHARITABLE GRANTS ONLY. SEE THE LISTING OF GRANT RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Axson B Morgan President | 20 | $0 | |
G Bryan Morgan Vice President | 20 | $0 | |
Octavia E Morgan Secretary | 1 | $0 | |
Darcia M Saiget Director | 1 | $0 | |
William P Morgan Director | 1 | $0 | |
Kathryn M Bauer Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $189,546 |
| Dividends & Interest | $218,182 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $477,213 |
| Capital Gain Net Income | $477,213 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$246,874 |
| Total Revenue | $638,067 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,326 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50,271 |
| Total operating and administrative expenses | $217,838 |
| Contributions, gifts, grants paid | $1,044,000 |
| Total expenses and disbursements | $1,261,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,515 |
| 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 | $3,066,042 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,842,686 |
| 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, L P Brown Foundation has awarded $1,070,000 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
PLANNED PARENTHOOD OF THE ROCKY MOUNTAINS PURPOSE: CHARITABLE ACTIVITIES | $25,000 |
NATIONAL MULTIPLE SCLEROSIS SOCIETY - CO & WY PURPOSE: CHARITABLE ACTIVITIES | $100,000 |
WESTERN RESOURCE ADVOCATES PURPOSE: CHARITABLE ACTIVITIES | $100,000 |
AMERICAN INDIAN COLLEGE FUND PURPOSE: CHARITABLE ACTIVITIES | $25,000 |
COMMUNITY BUILDERS PURPOSE: CHARITABLE ACTIVITIES | $40,000 |
COMMUNITY FOUNDATION BOULDER COUNTY PURPOSE: CHARITABLE ACTIVITIES | $10,000 |