Brooke Owens Fellowship is located in Washington, DC. The organization was established in 2017. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooke Owens Fellowship 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, Brooke Owens Fellowship generated $606.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (32.3%) each year. All expenses for the organization totaled $496.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATED TO HONOR THE LEGACY OF A BELOVED SPACE INDUSTRY PIONEER AND ACCOMPLISHED PILOT, DAWN BROOKE OWENS (1980 2016), THE BROOKE OWENS FELLOWSHIP IS DESIGNED TO SERVE BOTH AS AN INSPIRATION AND AS A CAREER BOOST TO CAPABLE YOUNG WOMEN AND OTHER GENDER MINORITIES WHO, LIKE BROOKE, ASPIRE TO EXPLORE OUR SKY AND STARS, TO SHAKE UP THE AEROSPACE INDUSTRY, AND TO HELP THEIR FELLOW PEOPLE HERE ON PLANET EARTH. WE DO THIS BY MATCHING UP TO FORTY STUDENTS PER YEAR WITH PURPOSE-DRIVEN, PAID INTERNSHIPS AT LEADING AEROSPACE COMPANIES AND ORGANIZATIONS AND WITH SENIOR AND EXECUTIVE LEVEL MENTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR ORGANIZATIONS ACCOMPLISHMENTS FOR 2022 INCLUDE:A. THE BROOKE OWENS FELLOWSHIP PROVIDES AROUND 40 WOMEN AND GENDER-MINORITY UNDERGRADUATE STUDENTS WITH SUMMER INTERNSHIPS AT LEADING AEROSPACE ORGANIZATIONS AND EXECUTIVE MENTORSHIP FROM LEADERS IN THE AEROSPACE INDUSTRY.B. IN 2022, THE BROOKE OWENS FELLOWSHIP WELCOMED ITS SIXTH CLASS OF BROOKE OWENS FELLOWS, MATCHING 51 STUDENTS TO INTERNSHIPS AT SPACEX, BLUE ORIGIN, NASA, AND OTHERS.C. THE BROOKE OWENS FELLOWSHIP FOUNDED A SPINOFF PROGRAM, THE PATTI GRACE SMITH FELLOWSHIP IN 2020, WHICH PROVIDES AROUND 40 AFRICAN-AMERICAN AND BLACK AMERICAN UNDERGRADUATE STUDENTS WITH THEIR FIRST AEROSPACE INDUSTRY INTERNSHIP EXPERIENCE, AND MATCHES THEM TO EXECUTIVE-LEVEL LEADERS IN THE AEROSPACE INDUSTRY.E. IN 2022, THE SPINOFF PROGRAM PATTI GRACE SMITH FELLOWSHIP WELCOMED ITS SECOND CLASS OF PATTI GRACE SMITH FELLOWS, MATCHING 39 BLACK AND AFRICAN-AMERICAN UNDERGRADUATE STUDENTS TO INTERNSHIPS AT AEROSPACE INDUSTRY ORGANIZATIONS, GIVING EACH STUDENT A $2,000 CASH GRANT, AND MATCHING THE STUDENTS TO EXECUTIVE MENTORS IN THE AEROSPACE INDUSTRY.F. OVER 100 STUDENTS FROM THE BROOKE OWENS FELLOWSHIP AND ITS SPINOFF PROGRAM PARTICIPATED IN A 5-DAY SUMMIT, HELD WHERE THEY PARTICIPATED IN LEADERSHIP-BUILDING ACTIVITIES LIKE DELIVERING A TEAM GRAND CHALLENGE SOLUTION, RECEIVED EXECUTIVE MENTORING, AND HEARD FROM AEROSPACE PANELS OF EXPERTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Virginia Randall Operations Dir. | Trustee | 40 | $31,575 |
William Pomerantz Director | Trustee | 10 | $0 |
Caroline Juang Executive Dir. | OfficerTrustee | 20 | $0 |
Kayla Watson Director | Trustee | 20 | $0 |
Diana Trujillo Director | Trustee | 10 | $0 |
Emily Calandrelli Director | Trustee | 10 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $551,326 |
Noncash contributions included in lines 1a–1f | $4,020 |
Total Revenue from Contributions, Gifts, Grants & Similar | $551,326 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $50,000 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $605,987 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $149,313 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $31,575 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $14,918 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $19 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $6,114 |
Advertising and promotion | $0 |
Office expenses | $16,052 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $286 |
Travel | $741 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $270,495 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $496,516 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $641,079 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $600,000 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,241,079 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $1,241,079 |
Total liabilities and net assets/fund balances | $1,241,079 |