Joe W & Dorothy Dorsett Brown Foundation
- Assets
- $122.2m
- Revenue
- $11.5m
- Investments
- $93.0m
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 12/1968
- Data as of
- 12/2021
- EIN
- 72-6027232
Organization Overview
Joe W & Dorothy Dorsett Brown Foundation is located in Metairie, LA. The organization was established in 1968. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joe W & Dorothy Dorsett Brown 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, Joe W & Dorothy Dorsett Brown Foundation generated $11.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $7.1m during the year ending 12/2021. While expenses have increased by 4.4% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
2021 HEALTHLY AGING AWARDS PROGRAM CONTRIBUTIONS WERE AWARDED TO 11 ORGANIZATIONS. SEE DETAILED GRANT SCHEDULE.
SUPPORTSTEM PROGRAMSUPPORTSTEM GRANT AWARDS ARE OFFERED IN LOUISIANA TO COLLEGE/UNIVERSITIES, NONPROFIT AGENCIES, OR K-12 SCHOOLS AND ARE EXCLUSIVELY FOR K-12 STEM CURRICULUM IMPLEMENTATION OR STEM INSTRUCTION SUPPORT FOR K-12 SCHOOLS IN LOUISIANA. FOR SCHOOL YEAR 2021-2022 GRANTS WERE AWARDED TO 4 UNIVERSITIES, 8 AGENCIES, AND 10 K-12 SCHOOLS IN LOUISIANA. ALL BUDGETARY ITEMS MUST DIRECTLY IMPACT STEM EDUCATION IN K-12 SCHOOLS AND THE SUPPORT MUST BE FOR STEM ONLY, WE DO NOT STEAM OR STREAM INITIATIVES. BUDGETARY EXAMPLES INCLUDE BUT ARE NOT LIMITED TO: PAID PROFESSIONAL DEVELOPMENT, CURRICULUM MODELS, STEM KITS, STEM CONFERENCES, TRANSPORTATION, CONSUMABLE MATERIALS, EQUIPMENT, AND ON-GOING STEM PROGRAMS THAT ENRICH CURRICULUM. THE BROWN FOUNDATION STAFF DOES ASSIST THE ORGANIZATIONS IN DEVELOPING AND IMPLEMENTING THE PROGRAMS AND THE BROWN FOUNDATION GO ONSITE TO THE SCHOOL FOR REVIEW AND ANALYSIS AND MAKE RECOMMENDATIONS FOR IMPROVEMENT OR EXPANSION. SEE DETAIL GRANT SCHEDULE
EMERGENCY RESPONSE PROGRAM-PRIMARILY HURRICANE IDA RELIEFCONTRIBUTIONS WERE AWARDED TO 21 ORGANIZATIONSSEE DETAILED GRANT SCHEDULE
SHELTER & FOOD SECURITY PROGRAMCONTRIBUTIONS WERE AWARDED TO 34 ORGANIZATIONSSEE DETAILED GRANT SCHEDULE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E F Hunter Pres/prg/mbr | 32 | $167,374 | |
David B Spencer Chair/prg/mbr | 18.5 | $73,913 | |
Ronald P Spencer Prg/mbr | 18.5 | $73,913 | |
Edwin K Hunter Prg/mbr | 18.5 | $73,913 | |
Elizabeth Buscher Office Manager | 40 | $65,843 | |
Christina E Bouzon Ed Dept Staff | 40 | $57,913 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $175,510 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,193,657 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,868,485 |
| Capital Gain Net Income | $6,868,485 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,214,405 |
| Total Revenue | $11,452,057 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $389,116 |
| Other employee salaries and wages | $244,857 |
| Pension plans, employee benefits | $153,939 |
| Interest | $15,649 |
| Taxes | $96,159 |
| Depreciation | $221,628 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $25,084 |
| Printing and publications | $0 |
| Other expenses | $431,158 |
| Total operating and administrative expenses | $2,110,270 |
| Contributions, gifts, grants paid | $4,996,928 |
| Total expenses and disbursements | $7,107,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,938,210 |
| 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 | $21,616,990 |
| Net Land, buildings, and equipment | $8,274,846 |
| Other assets | $19,019,855 |
| Total assets | $122,222,465 |
| Accounts payable and accrued expenses | $27,659 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,412,577 |
| Other liabilities | $1 |
| Total liabilities | $1,440,237 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold E Riley Foundation Fort Worth, TX | $357,850 | $584,984 |
Compass Rose Education Inc San Antonio, TX | $15,459,454 | $19,431,467 |
Three Oclock Project Baton Rouge, LA | $1,930,450 | $18,582,179 |
Athlos Louisiana Terrytown, LA | $4,119,183 | $17,119,142 |
Valor Texas Education Foundation Austin, TX | $20,040,325 | $11,565,701 |
Eugene Higgins Charitable Trust Dallas, TX | $194,077,327 | $32,131,659 |
Lyndon Baines Johnson Foundation Austin, TX | $271,934,270 | $12,544,612 |
Joe W & Dorothy Dorsett Brown Foundation Metairie, LA | $122,222,465 | $11,452,057 |
Canfield Family Foundation Austin, TX | $4,029,217 | $166,419 |
Yellowstone Academy Inc Houston, TX | $16,392,464 | $16,744,043 |
Houston Community College Foundation Houston, TX | $19,733,211 | $7,332,146 |
Houston Independent School District Foundation Houston, TX | $7,123,064 | $5,838,395 |