Paul Brassfield Foundation Inc
- Assets
- $4.7m
- Revenue
- $147.4k
- Investments
- $1.6m
- Employees
- 0
- Location
- Hill City, KS
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 81-2525445
Organization Overview
Paul Brassfield Foundation Inc is located in Hill City, KS. The organization was established in 2019. 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. Paul Brassfield 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 12/2022, Paul Brassfield Foundation Inc generated $147.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.3% each year . All expenses for the organization totaled $201.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Paul Brassfield Foundation Inc has awarded 102 individual grants totaling $686,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $65 |
| Dividends & Interest | $0 |
| Net Rental Income | $71,642 |
| Net Gain on Sale of Assets | $17,601 |
| Capital Gain Net Income | $17,601 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $147,404 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,013 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,473 |
| Depreciation | $32,381 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,529 |
| Total operating and administrative expenses | $128,588 |
| Contributions, gifts, grants paid | $72,800 |
| Total expenses and disbursements | $201,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,250 |
| Savings and temporary cash investments | $11,067 |
| 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 | $3,009,363 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,632,726 |
| Net Land, buildings, and equipment | $10,079 |
| Other assets | $0 |
| Total assets | $4,666,485 |
| Accounts payable and accrued expenses | $1,123 |
| 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 | $1,123 |
Grants Awarded
Over the last fiscal year, Paul Brassfield Foundation Inc has awarded $72,800 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BARTON COUNTY COMMUNITY COLLEGE PURPOSE: EDUCATION SUPPORT | $2,600 |
COLBY COMMUNITY COLLEGE PURPOSE: EDUCATION SUPPORT | $1,300 |
FORT HAYS STATE UNIVERSITY PURPOSE: EDUCATION SUPPORT | $20,800 |
GARDEN CITY COMMUNITY COLLEGE PURPOSE: EDUCATION SUPPORT | $1,300 |
HIGHLAND COMMUNITY COLLEGE PURPOSE: EDUCATION SUPPORT | $1,300 |
KANSAS STATE UNIVERSITY PURPOSE: EDUCATION SUPPORT | $17,750 |