Brec Foundation

Organization Overview

Brec Foundation is located in Baton Rouge, LA. The organization was established in 2003. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brec 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, Brec Foundation generated $347.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $295.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE BREC FOUNDATION SUPPORTS THE QUALITY OF LIFE IN THE BATON ROUGE AREA, INCLUDING PROVIDING FINANCIAL AND PROMOTIONAL SUPPORT TO THE MISSIONS, PROGRAMS, AND FACILITIES OF THE RECREATION AND PARKS COMMISSION OF THE PARISH OF EAST BATON ROUGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED FUNDS TO THE RECREATIONAL AND PARKS COMMISSION OF THE PARISH OF EAST BATON ROUGE FOR VARIOUS OTHER PROGRAMS AND FACILITIES AT BREC.


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Board, Officers & Key Employees

Name (title)Compensation
Carl Stages
Executive Director
$132,730
Jacob Waguespack
Treasurer
$0
Bryan Camerlinck
President-Elect
$0
Bobby Varnau
Secretary
$0
Hitesh Chheda
Chair Of Philanthropy
$0
Mary-Patricia Wray
Chair Of Public Relations
$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$178,202
Noncash contributions included in lines 1a–1f $1,139
Total Revenue from Contributions, Gifts, Grants & Similar$178,202
Total Program Service Revenue$146,250
Investment income $22,982
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $347,434

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Brec Foundation has recieved totaling $17.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$17
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$107,612
Earnings$54
Ending Balance$107,666

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