Joseph S Bruno Educational Foundation
- Assets
- $7.4m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 38
- Location
- Birmingham, AL
- Founding
- 07/1983
- Data as of
- 08/2023
- EIN
- 63-0816873
Organization Overview
Joseph S Bruno Educational Foundation is located in Birmingham, AL. The organization was established in 1983. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2023, Joseph S Bruno Educational Foundation employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph S Bruno Educational 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 08/2023, Joseph S Bruno Educational Foundation generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $2.3m during the year ending 08/2023. While expenses have increased by 0.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A LEARNING ENVIRONMENT FOR YOUNG CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOSEPH S. BRUNO MONTESSORI ACADEMY PROVIDES A LEARNING ENVIRONMENT FOR CHILDREN 22 MONTHS OF AGE THROUGH THE EIGHTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Sprain Jr Secretary/treasurer | OfficerTrustee | 1 | $0 |
Katherine B Sprain President | OfficerTrustee | 10 | $0 |
Hina Patel Director | Trustee | 1 | $0 |
William Belser Director | Trustee | 1 | $0 |
Jay Waters Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $295,859 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $295,859 |
| Total Program Service Revenue | $1,537,190 |
| Investment income | $160,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,083 |
| Net Gain/Loss on Asset Sales | $597,859 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,893,975 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,422,080 |
| Pension plan accruals and contributions | $19,446 |
| Other employee benefits | $3,100 |
| Payroll taxes | $112,349 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,587 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,339 |
| Fees for services: Other | $7,629 |
| Advertising and promotion | $1,364 |
| Office expenses | $13,035 |
| Information technology | $277 |
| Royalties | $0 |
| Occupancy | $163,262 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,523 |
| Insurance | $239,441 |
| All other expenses | $42,760 |
| Total functional expenses | $2,267,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $511,095 |
| Savings and temporary cash investments | $71,751 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,630 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $45,034 |
| Net Land, buildings, and equipment | $2,044,217 |
| Investments—publicly traded securities | $4,696,674 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,375,401 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $660,980 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,708 |
| Total liabilities | $662,688 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $6,712,713 |
| Total liabilities and net assets/fund balances | $7,375,401 |