Brackett Family Foundation Inc
- Assets
- $2.7m
- Revenue
- $112.8k
- Investments
- $2.7m
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 04/2004
- Data as of
- 12/2022
- EIN
- 65-1156786
Organization Overview
Brackett Family Foundation Inc is located in Vero Beach, FL. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Brackett Family Foundation Inc 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 12/2022, Brackett Family Foundation Inc generated $112.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $107.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Brackett Family Foundation Inc has awarded 242 individual grants totaling $1,297,039. 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 |
|---|---|---|---|
Robert L Brackett Director | 0 | $0 | |
Sandra D Brackett Director | 0 | $0 | |
Robert A Brackett II Director | 0 | $0 | |
Daniel S Brackett Director | 0 | $0 | |
Sue Dean Director | 0 | $0 | |
Glenda Wild Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $33,834 |
| Dividends & Interest | $67,078 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,883 |
| Capital Gain Net Income | $16,598 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $112,795 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $61 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,776 |
| Total operating and administrative expenses | $15,837 |
| Contributions, gifts, grants paid | $91,433 |
| Total expenses and disbursements | $107,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,331 |
| 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 | $396,748 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,699,631 |
| 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, Brackett Family Foundation Inc has awarded $91,433 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HISTORY ALIVE PURPOSE: EDUCATONAL | $1,000 |
ADVANCED CENTER FOR SURGERY PURPOSE: BENEVOLENCE | $500 |
BUGGY BUNCH PURPOSE: SUPPORT DISADVANTAGED MOTHERS | $5,500 |
CENTRAL FLORIDA BIBLE CAMP PURPOSE: YOUTH, RECREATION, CHRISTIAN | $5,000 |
CG BOOSTER CLUB PURPOSE: YOUTH, RECREATION | $1,000 |
CHURCHES OF CHRIST DISASTER RELIEF PURPOSE: DISASTER RELIEF | $1,000 |