Brett D Begemann Foundation
- Assets
- $8.1m
- Revenue
- $492.5k
- Investments
- $7.9m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 02/2018
- Data as of
- 12/2022
- EIN
- 82-2077778
Organization Overview
Brett D Begemann Foundation is located in Pennington, NJ. The organization was established in 2018. 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. Brett D Begemann 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, Brett D Begemann Foundation generated $492.5k 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 (35.1%) each year. All expenses for the organization totaled $524.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Brett D Begemann Foundation has awarded 19 individual grants totaling $1,133,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett D Begemann Director/pres | 2 | $0 | |
James A Begeman Director/v Pres | 1 | $0 | |
Patricia M Talleur Director/sec | 1 | $0 | |
Matthew B Begemann Director/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $160,004 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $332,478 |
| Capital Gain Net Income | $332,478 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $492,482 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,544 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $499 |
| Total operating and administrative expenses | $94,783 |
| Contributions, gifts, grants paid | $430,000 |
| Total expenses and disbursements | $524,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,398 |
| Savings and temporary cash investments | $218,028 |
| 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 | $2,570,956 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,130,448 |
| 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, Brett D Begemann Foundation has awarded $430,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MISSOURI PURPOSE: CAFNR ADVANCEMENT | $55,000 |
GUARDIAN ANGEL SETTLEMENT ASSOCIATION PURPOSE: UNRESTRICTED GENERAL | $50,000 |
WASHINGTON UNIVERSITY PURPOSE: HDSA CENTER OF EXCELLENCE | $50,000 |
HUNTINGTON DISEASE SOCIETY PURPOSE: UNRESTRICTED GENERAL | $50,000 |
UNITED WAY OF GREATER ST LOUIS INC PURPOSE: UNRESTRICTED GENERAL | $25,000 |
KIDS-SMART TOOLS FOR LEARNING PURPOSE: UNRESTRICTED GENERAL | $50,000 |