Curtis J Brackett Memorial Foundation
- Assets
- $925.5k
- Revenue
- $170.1k
- Investments
- $844.9k
- Employees
- 0
- Location
- Norway, MI
- Founding
- 07/2016
- Data as of
- 12/2023
- EIN
- 81-0829795
Organization Overview
Curtis J Brackett Memorial Foundation is located in Norway, MI. The organization was established in 2016. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Curtis J Brackett Memorial 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 12/2023, Curtis J Brackett Memorial Foundation generated $170.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $37.7k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORWAY VULCAN AREA SCHOOLS
NORWAY DIAMOND BOOSTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Ortman Treasurer | 0 | $0 | |
Michael Tomasoski Secretary | 0 | $0 | |
Frederick Flick President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $239 |
| Dividends & Interest | $36,531 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,625 |
| Capital Gain Net Income | $3 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $127,661 |
| Total Revenue | $170,056 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,794 |
| Total operating and administrative expenses | $37,684 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $37,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,117 |
| Savings and temporary cash investments | $31,465 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $925,495 |
| 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 |