Joe W & Dorothy Dorsett Brown Foundation
- Assets
- $123.8m
- Revenue
- $6.9m
- Investments
- $94.0m
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 12/1968
- Data as of
- 12/2022
- 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 12/2022, Joe W & Dorothy Dorsett Brown Foundation generated $6.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $5.3m during the year ending 12/2022. While expenses have increased by 0.0% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
2022 NEUROSCIENCE PROGRAM CONTRIBUTIONS WERE AWARDED TO 6 ORGANIZATIONS. ALL ORGANIZATIONS WERE EXPRESSLY INVITED INTO THE PROGRAM BY THE PROGRAM OFFICERS OF THE BROWN FOUNDATION AND WORKED WITH THE FOUNDATION IN DEVELOPING COMPETITIVE PROJECTS WITH THE CHARITABLE PARTNERS EARLY CAREER PRINCIPAL INVESTIGATORS. PROGRAM OFFICERS ASSISTED THE EARLY CAREER PRINCIPAL INVESTIGATORS IN CRAFTING MATERIALS, BUDGETS, AND DEFENDING THEIR PROPOSED PROGRAMS IN ORAL EXAMINATION AND POWER POINT PRESENTATION SETTINGS EITHER LIVE OR THROUGH VIRTUAL CONFERENCING. THE TOP FINISHER FROM EACH OF THE INSTITUTIONS ALSO RECEIVED THE DOROTHY DORSETT BROWN INNOVATION IN SCIENCE AWARD DESIGNED TO ASSIST THE PRINCIPAL INVESTIGATOR WITH FUTURE APPLICATIONS TO GOVERNMENTAL FUNDING SOURCES SUCH AS NIH, NIS, AND DOD AS NON-EXCLUSIVE EXAMPLES.SEE DETAILED GRANT SCHEDULE
SHELTER AND FOOD SECURITY PROGRAM CONTRIBUTIONS WERE AWARDED TO 31 ORGANIZATIONS. THIS INITIATIVE IS BY INVITATION ONLY AND THE FOUNDATION WORKED CLOSELY WITH SECOND HARVEST FOOD BANK TO IDENTIFY A SUITABLE NUMBER OF QUALIFIED FOOD PANTRIES AND DEVELOP AN APPLICATION PROTOCOL, REVIEW THRESHOLD, AND IMPLEMENTATION MODEL. FOUNDATION REPRESENTATIVES MET WITH VARIOUS PARTNERS AND PROVIDED ACCESS TO VOLUNTEERS THROUGH OUR SERVICE LEARNING CELEBRATION EVENT. THE FOUNDATION PROVIDED OTHER SERVICES SOMETIMES INCLUDING MEETING ROOM ACCESS AND COMMUNITY CONTACTS.SEE DETAILED GRANT SCHEDULE
EXCELLENCE AWARD PROGRAMCONTRIBUTIONS WERE AWARDED TO 3 ORGANIZATIONS IN HONOR OF THE RECIPIENT, THE RECIPIENT ALSO RECEIVED A RECOGNITION PLAQUE. CANDIDATES WERE SELECTED BASED ON UPON THEIR YEARS OF SERVICE TO A QUALIFIED CHARITY THAT WAS BEYOND REPROACH 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 2022-2023 GRANTS WERE AWARDED TO 3 UNIVERSITIES, 1 COMMUNITY COLLEGE, 5 AGENCIES, AND 5 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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E F Hunter Pres/prg/mbr | 32 | $184,815 | |
David B Spencer Chair/prg/mbr | 18.5 | $80,871 | |
Edwin K Hunter Prg/mbr | 18.5 | $80,871 | |
Ronald P Spencer Prg/mbr | 18.5 | $80,871 | |
Elizabeth Buscher Office Manager | 40 | $69,844 | |
Christina E Bouzon Ed Dept Staff | 40 | $42,863 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,991,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,564,935 |
| Capital Gain Net Income | $2,564,935 |
| Net ST Capital Gain | $2,564,935 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,309,353 |
| Total Revenue | $6,865,779 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $427,430 |
| Other employee salaries and wages | $210,010 |
| Pension plans, employee benefits | $149,895 |
| Interest | $53,258 |
| Taxes | $175,822 |
| Depreciation | $220,587 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $37,356 |
| Printing and publications | $0 |
| Other expenses | $380,075 |
| Total operating and administrative expenses | $2,223,921 |
| Contributions, gifts, grants paid | $3,065,781 |
| Total expenses and disbursements | $5,289,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,782,245 |
| 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 | $22,974,728 |
| Net Land, buildings, and equipment | $8,054,259 |
| Other assets | $18,957,758 |
| Total assets | $123,761,184 |
| Accounts payable and accrued expenses | $24,502 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,378,376 |
| Other liabilities | $1 |
| Total liabilities | $1,402,879 |