Margaret C B & S Spencer N Brown Foundation Inc
- Assets
- $3.8m
- Revenue
- $92.4k
- Investments
- $3.7m
- Employees
- 0
- Location
- Temple, TX
- Founding
- 04/1959
- Data as of
- 12/2023
- EIN
- 74-6046197
Organization Overview
Margaret C B & S Spencer N Brown Foundation Inc is located in Temple, TX. The organization was established in 1959. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Margaret C B & S Spencer N 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 12/2023, Margaret C B & S Spencer N Brown Foundation Inc generated $92.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $198.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Margaret C B & S Spencer N Brown Foundation Inc has awarded 707 individual grants totaling $1,376,030. 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
MAINTENANCE OF THREE HISTORICAL CEMETERIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Brown Trustee - As Needed | 0 | $0 | |
S Spencer N Brown Jr Trustee - As Needed | 0 | $0 | |
M Stanton Brown Sattler Trustee - As Needed | 0 | $0 | |
Stanton Boyce Brown Trustee - As Needed | 0 | $0 | |
Margaret Brown Lewis Trustee - As Needed | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $91,728 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $696 |
| Capital Gain Net Income | $696 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $92,431 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $11,634 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,126 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26 |
| Total operating and administrative expenses | $51,982 |
| Contributions, gifts, grants paid | $146,413 |
| Total expenses and disbursements | $198,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2 |
| Savings and temporary cash investments | $110,371 |
| 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 | $17 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3 |
| Total assets | $3,792,577 |
| 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 | $199 |
| Total liabilities | $199 |
Grants Awarded
Over the last fiscal year, Margaret C B & S Spencer N Brown Foundation Inc has awarded $146,413 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
AMARILLO COLLEGE FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION TO PUBLIC CHARITY | $2,500 |
BAYLOR UNIVERSITY PURPOSE: CHARITABLE CONTRIBUTION TO PUBLIC CHARITY | $200 |
AMERICAN RED CROSS PURPOSE: CHARITABLE CONTRIBUTION TO PUBLIC CHARITY | $500 |
CAMERON PARK ZOO PURPOSE: CHARITABLE CONTRIBUTION TO PUBLIC CHARITY | $100 |
FESTIVAL ON THE BRAZOS PURPOSE: CHARITABLE CONTRIBUTION TO PUBLIC CHARITY | $78,035 |
FIRST LIBERTY PURPOSE: CHARITABLE CONTRIBUTION TO PUBLIC CHARITY | $100 |