The Joseph S Bruno Charitable Foundation
- Assets
- $10.1m
- Revenue
- $4.4m
- Investments
- $10.1m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 10/1985
- Data as of
- 12/2021
- EIN
- 63-0936234
Organization Overview
The Joseph S Bruno Charitable Foundation is located in Birmingham, AL. The organization was established in 1985. 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. Joseph S Bruno 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 12/2021, Joseph S Bruno Charitable Foundation generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 66.0% each year . All expenses for the organization totaled $665.9k during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 6 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.
Since 2017, Joseph S Bruno Charitable Foundation has awarded 157 individual grants totaling $1,801,700. 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 |
|---|---|---|---|
Jera Stribling Executive Director | 40 | $107,299 | |
Benny M Larussa Jr Chairman | 1 | $0 | |
Robert H Sprain Jr Secretary | 1 | $0 | |
Marian L Phillips Vice Chairman | 1 | $0 | |
Christie Smith Executive Assistant | 20 | $0 | |
Karen Persinger Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $58,629 |
| Dividends & Interest | $180,684 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,159,376 |
| Capital Gain Net Income | $3,159,376 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,037,342 |
| Total Revenue | $4,436,031 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $107,299 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $135 |
| Taxes | $7,542 |
| Depreciation | $756 |
| Occupancy | $1,039 |
| Travel, conferences, and meetings | $6,676 |
| Printing and publications | $0 |
| Other expenses | $57,684 |
| Total operating and administrative expenses | $248,393 |
| Contributions, gifts, grants paid | $417,500 |
| Total expenses and disbursements | $665,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,324 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,016 |
| 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 | $10,129,695 |
| Net Land, buildings, and equipment | $1,501 |
| Other assets | $0 |
| Total assets | $10,138,536 |
| Accounts payable and accrued expenses | $1,541 |
| 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 | $1,541 |
Grants Awarded
Over the last fiscal year, The Joseph S Bruno Charitable Foundation has awarded $417,500 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Birmingham, AL PURPOSE: CHARITABLE | $50,000 |
JONES VALLEY TEACHING FARM PURPOSE: CHARITABLE | $30,000 |
Birmingham, AL PURPOSE: CHARITABLE | $25,000 |
WOODLAWN COMMUNITY CHARTER SCHOOL (I3 ACADEMY) PURPOSE: CHARITABLE | $25,000 |
Birmingham, AL PURPOSE: CHARITABLE | $25,000 |
Birmingham, AL PURPOSE: CHARITABLE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |