Brumit Family Charitable Foundation
- Assets
- $614.0k
- Revenue
- $32.4k
- Investments
- $608.1k
- Employees
- 0
- Location
- Elizabethton, TN
- Founding
- 12/2000
- Data as of
- 06/2023
- EIN
- 62-6363392
Organization Overview
Brumit Family Charitable Foundation is located in Elizabethton, TN. The organization was established in 2000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Brumit Family Charitable 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 06/2023, Brumit Family Charitable Foundation generated $32.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $62.6k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Brumit Family Charitable Foundation has awarded 208 individual grants totaling $347,894. 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 |
|---|---|---|---|
Charles K Brumit Trustee | 20 | $0 | |
John W Brumit Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $11,972 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,325 |
| Capital Gain Net Income | $5,325 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $68 |
| Total Revenue | $32,366 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $898 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,144 |
| Total operating and administrative expenses | $9,092 |
| Contributions, gifts, grants paid | $53,500 |
| Total expenses and disbursements | $62,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,073 |
| 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 | $840 |
| Total assets | $613,999 |
| 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, Brumit Family Charitable Foundation has awarded $19,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WATAUGA EAGLE SQUADRON PURPOSE: TO PAY EXPENSES FOR SECONDARY SCHOOL STUDENTS TO ATTEND FLIGHT CLASSES | $18,000 |
BOYS & GIRLS CLUBS OF AMERICA PURPOSE: GENERAL EXPENSES | $1,000 |