Brookes Foundation
- Assets
- $1.7m
- Revenue
- $160.0k
- Investments
- $1.6m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 82-3713971
Organization Overview
Brookes Foundation is located in Denver, CO. 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. Brookes 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, Brookes Foundation generated $160.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (43.7%) each year. All expenses for the organization totaled $111.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHALLENGE FOUNDATION, INC SUPPORT SCHOLARS
CHILDRENS HOSPITAL COLORADO FOUNDATION SUPPORT PROGRAM
COLORADO UPLIFT SUPPORT PROGRAM FOR URBAN YOUTH
COLORADO OPEN GOLF FOUNDATION PROMOTE THE GAME AND SPORTSMANSHIP ASSOCIATED WITH THE GAME OF GOLF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie B Corneliuson Pres, Direct | 1 | $0 | |
Kari Davis Secty, Direc | 1 | $0 | |
Eric W Corneliuson Vp, Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $109,595 |
| Interest on Savings | $7 |
| Dividends & Interest | $36,880 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,999 |
| Capital Gain Net Income | $11,962 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,497 |
| Total Revenue | $159,978 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $597 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $23,737 |
| Contributions, gifts, grants paid | $88,200 |
| Total expenses and disbursements | $111,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344 |
| Savings and temporary cash investments | $27,009 |
| 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 | $691,891 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,000 |
| Total assets | $1,674,994 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $30,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $136 |
| Total liabilities | $30,136 |
Grants Awarded
Over the last fiscal year, Brookes Foundation has awarded $88,200 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE CHALLENGE FOUNDATION PURPOSE: SUPPORT SCHOLARS | $40,000 |
Aurora, CO PURPOSE: SUPPORT PROGRAM | $22,000 |
Denver, CO PURPOSE: SUPPORT PROGRAM FOR URBAN YOUTH | $16,200 |
ALLIANCE FOR CHOICE IN EDUCATION PURPOSE: SUPPORT LOW INCOME FAMILIES EDUCATIO | $5,000 |
Denver, CO PURPOSE: SUPPORT 1ST TEE GOLF SCHOOL PROGRAMS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
George S Eccles And Delores Dore Eccles Foundation Salt Lake City, UT | $0 | $176,040,595 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |
Catena Foundation Carbondale, CO | $397,661,850 | $217,833,912 |
People-People-People Foundation Dated 4-19-2018 Scottsdale, AZ | $10,000,014 | $37,338,865 |