Bruce And Nancy Brown Family Charitable Foundation
- Assets
- $1.2m
- Revenue
- $90.2k
- Investments
- $1.2m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 01/2017
- Data as of
- 12/2021
- EIN
- 81-3694480
Organization Overview
Bruce And Nancy Brown Family Charitable Foundation is located in Cincinnati, OH. The organization was established in 2017. 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. Bruce And Nancy Brown Family Charitable 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 12/2021, Bruce And Nancy Brown Family Charitable Foundation generated $90.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $67.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Bruce And Nancy Brown Family Charitable Foundation has awarded 34 individual grants totaling $157,300. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY CHARITABLE ACTIVITY WILL BE TO DISTRIBUTE CHARITABLE GRANTS TO OTHER SECTION 501(C)(3) ORGANIZATIONS THAT QUALIFY AS PUBLIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Brown President | 1 | $0 | |
Margaret Schear Second Vice-President | 1 | $0 | |
Jeffrey Brown Second Vice-President | 1 | $0 | |
Nancy Brown First Vice-President | 1 | $0 | |
Daniel Schear Second Vice-President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,126 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66,024 |
| Capital Gain Net Income | $113,476 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $90,150 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $321 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,462 |
| Contributions, gifts, grants paid | $56,600 |
| Total expenses and disbursements | $67,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $53,553 |
| 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 | $1,242,323 |
| 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, Bruce And Nancy Brown Family Charitable Foundation has awarded $56,600 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: UNRESTRICTED CONTRIBUTION | $15,000 |
Arlington, VA PURPOSE: UNRESTRICTED CONTRIBUTION | $15,000 |
Traverse City, MI PURPOSE: UNRESTRICTED CONTRIBUTION | $10,000 |
Alden, MI PURPOSE: UNRESTRICTED CONTRIBUTION | $9,000 |
Bellaire, MI PURPOSE: UNRESTRICTED CONTRIBUTION | $4,000 |
Cincinnati, OH PURPOSE: UNRESTRICTED CONTRIBUTION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI | $111,040,892 | $8,504,096 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Deborah Joy Simon Foundation Carmel, IN | $67,791,546 | $8,858,983 |
Hillier Family Foundation Akron, OH | $0 | $3,603,112 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Wing Shadow Foundation Ada, MI | $89,908,464 | $23,772,931 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Hazel Ruby Mcquain Charitable Tr Morgantown, WV | $103,286,088 | $9,092,496 |
Scripps-Howard Foundation Cincinnati, OH | $57,417,924 | $12,029,094 |
Albert J Weatherhead Estate Trust Uw Item Iv National City Bk Of Cle Mayfield Heights, OH | $171,110,624 | $12,657,241 |