Broman Equine Charitable Foundation Inc
- Assets
- $86.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Babylon, NY
- Founding
- 02/2018
- Data as of
- 12/2021
- EIN
- 81-4258207
Organization Overview
Broman Equine Charitable Foundation Inc is located in West Babylon, NY. The organization was established in 2018. According to its NTEE Classification (D12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broman Equine Charitable 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 12/2021, Broman Equine Charitable Foundation Inc generated $9.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (39.7%) each year. All expenses for the organization totaled $4.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (40.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
TO USE RESOURCES EXCLUSIVELY FOR THE EDUCATIONAL AND CULTURAL PURPOSES AS WELL AS FOR THE PREVENTION OF CRUELTY TO ANIMALS INCLUDING PROVIDING FOR THE CARE, MAINTENANCE, REHABILITATION, FEEDING AND RE-TRAINING OF MEMBERS OF THE EQUINE SPECIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chester Broman Sr Director | 1 | $0 | |
Jason Golden Director | 1 | $0 | |
Carol Golden Treasurer | 1 | $0 | |
Mary Broman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $604 |
| Gain or Loss | $757 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $7,839 |
| Total Revenue | $9,200 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $644 |
| Total expenses | $4,144 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $86,506 |
| Other assets | $0 |
| Total assets | $86,506 |
| Total liabilities | $0 |
| Net assets or fund balances | $86,506 |
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