Brown Foundation Inc
- Assets
- $1.0b
- Revenue
- $89.6m
- Investments
- $860.7m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/1952
- Data as of
- 06/2023
- EIN
- 74-6036466
Organization Overview
Brown Foundation Inc is located in Houston, TX. The organization was established in 1952. 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. Brown 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 06/2023, Brown Foundation Inc generated $89.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $92.0m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Brown Foundation Inc has awarded 2,638 individual grants totaling $256,618,829. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS SPENT TO PRESERVE AND REHABILITATE OVER 6,000 ACRES OF FRESHWATER MARSH ON THE TEXAS GULF COAST DAMAGED BY SALTWATER INTRUSION FROM A LEVEE BREACH RESULTING FROM HURRICANE HARVEY AND OTHER SIGNIFICANT RAIN EVENTS. THE REHABILITATION OF THE MARSH, WHICH IS HELD FOR CONSERVATION PURPOSES, WILL PROMOTE THE RETURN OF NATIVE GRASSES, BIRDS, FISH, AND WILDLIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William N Mathis Chair/trustee | 5 | $0 | |
Isabel S Lummis Pres/trustee | 5 | $0 | |
Lousia S Sarofim Sec/trustee | 2 | $0 | |
Ryan O'connor Trustee | 2 | $0 | |
Holbrook F Dorn Trustee | 2 | $0 | |
Alexander Mcallister Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fayez Sarofim & Co | 6/29/23 | $1,981,296 |
Tenoaks Energy Partners Llc | 6/29/23 | $260,000 |
The Vanguard Group Inc | 6/29/23 | $164,060 |
Northern Trust Company | 6/29/23 | $124,697 |
Porter Hedges Llp | 6/29/23 | $82,915 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,113,757 |
| Dividends & Interest | $27,683,720 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,399,787 |
| Capital Gain Net Income | $54,399,787 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,438,240 |
| Total Revenue | $89,635,504 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,591,931 |
| Pension plans, employee benefits | $429,478 |
| Interest | $0 |
| Taxes | $1,356,353 |
| Depreciation | $240,694 |
| Occupancy | $84,988 |
| Travel, conferences, and meetings | $94,939 |
| Printing and publications | $0 |
| Other expenses | $499,515 |
| Total operating and administrative expenses | $7,117,236 |
| Contributions, gifts, grants paid | $84,864,132 |
| Total expenses and disbursements | $91,981,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,494,481 |
| Savings and temporary cash investments | $80,578,490 |
| 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 | $103,275 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,513,568 |
| Other assets | $0 |
| Total assets | $1,004,415,123 |
| 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, Brown Foundation Inc has awarded $85,144,132 in support to 885 organizations.
| Grant Recipient | Amount |
|---|---|
THE 100 CLUB INC PURPOSE: GENERAL OPERATING/SURVIVORS FUND FOR HOUSTON | $5,000 |
THE 100 CLUB INC PURPOSE: MATCHING GIFT-GENERAL OPERATING SUPPORT | $100 |
ACCESS GROUP INC PURPOSE: VOCATION INNOVATION PROJECT (VIP) | $100,000 |
ACCESS GROUP INC PURPOSE: MATCHING GIFT-OPERATING SUPPORT (2-1) | $3,800 |
ACCESS GROUP INC PURPOSE: MATCHING GIFT-TORNADO CLEAN UP | $3,500 |
ACCESS GROUP INC PURPOSE: MATCHING GIFT-CAPITAL IMPROVEMENTS: SAFETY & SECURITY, FACILITY IMPROVEMENTS, REPAIRS FROM TORNADO (2-1) | $23,000 |