Craig & Galen Brown Foundation
- Assets
- $3.7m
- Revenue
- $2.0m
- Investments
- $3.4m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/1996
- Data as of
- 12/2022
- EIN
- 76-0453555
Organization Overview
Craig & Galen Brown Foundation is located in Houston, TX. The organization was established in 1996. 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. Craig & Galen 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, Craig & Galen Brown Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Craig & Galen Brown Foundation has awarded 40 individual grants totaling $4,397,052. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig C Brown Director | 6 | $0 | |
Cary Gray Director | 0.1 | $0 | |
Brad Kirchhofer Director | 0.1 | $0 | |
Pamela Matthews Secretary | 10 | $32,597 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,901,835 |
| Interest on Savings | $377 |
| Dividends & Interest | $166,751 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$74,761 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,994,202 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,597 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $198 |
| Depreciation | $872 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $97,686 |
| Total operating and administrative expenses | $155,396 |
| Contributions, gifts, grants paid | $1,883,422 |
| Total expenses and disbursements | $2,038,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,152 |
| Savings and temporary cash investments | $252,376 |
| 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 | $3,401 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,239,990 |
| Net Land, buildings, and equipment | $8,753 |
| Other assets | $0 |
| Total assets | $3,657,433 |
| 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, Craig & Galen Brown Foundation has awarded $1,883,423 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS A&M UNIVERSITY PURPOSE: EDUCATIONAL | $1,871,424 |
HOUSTON METHODIST HOSPITAL FOUNDATION PURPOSE: CHARITABLE | $11,999 |