Preston Brown Foundation
- Assets
- $346.5k
- Revenue
- $113.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Coral Springs, FL
- Founding
- 09/2018
- Data as of
- 12/2023
- EIN
- 82-5385320
Organization Overview
Preston Brown Foundation is located in Coral Springs, FL. The organization was established in 2018. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2023, Preston Brown Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preston Brown 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 12/2023, Preston Brown Foundation generated $113.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $93.1k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING RESOURSES TO PROMOTE HEALTH EQUITY AMONG VULNERABLE YOUTH, THROUGH MENTORING AND EDUCATION GIVING THEM THE OPPORTUNITY TO POSSIBLE CHANGE OR BETTER THEIR LIFESTYLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMING OUT OF THE PANDEMIC, THE FOUNDATION HAS STARTED TO FULLY REYURN TO ITS NORMAL ACTIVITIES. FOR TAX YEAR 2023 THE FOUNDATION HONED IN ON 4 MAJOR PROJECTS: 1)R.E.F.U.E.L - PARTERNING WITH SCHOOLS AND ORGANIZATIONS IN UNDERSERVED AREAS, THE FOUNDATION PROVIDED HEALTHY SNACKS, HYDRATION, MENTAL WELLNESS, EDUCATION ANS SELF CARE ACTIVITIES.(REST, EAT, FUN, UNITY, EXERCISE, LOVE). BY PARTERNING WITH LOCAL SCHOOLS IN UNDERSERVED AREAS THE FOUNDATION IS ABLE TO REFUEL STUDENT ATHLETES. PROMOTING OPTIMAL PHYSICAL AND MENTAL WELL-BEING WHILE TACKLING STIGMA REDUCTION. THE FOUNDATION CONTINUED ITS MISSION THROUGH DONATIONS,SUPPORTING AND ESTABLISHING MENTORING PROGRAMS. 2) YOUTH MENTAL HEALTH FIRST AID: THE FOUNDATION USES THE NATIONALLY RECOGNIZED EVIDENCE BASED, EARLY INTERVENTION PUBLIC EDUCATION TROUGH TRANING AS ITS MODE FOR THIS PROGRAM, IT TEACHS ADULTS HOW TO RECOGNIZE THE SIGNS AND SYMPTOMS THAT SUGGECTS A POTENTIAL MENTAL HEALTH CHALLENGE. THE FOUNDATION TRAINS STAFF AND VOLUNTEERS BOTH IN PERSON AND REMOTELY TO ASSIST IN THIS AREA. 3) RALLY CHAMPS: A UNIQUE MENTORING PROGRAM WHICH MATCHES STUDENTS INVOLVED IN SPORTS AND OTHER EXTRACURRICULAR ACTIVITIES WITH CARING ADULT VOLUNTEEERS. THIS IS IN THE ATTEMPT TO BOOSTER SELF-CONFIDENCE AND FOSTER A SENSE OF BELONGING; CREATING POSITIVE SOCIAL CONNECTIONS AND INSPIRING YOUTH TO REACH THEOR FULL POTENTION, 4) A WINDOW BETWEEN WORLDS. THIS PROGRAM USED TRAUMA- INFORMED ART WORKSHOPS FOR YOUTH AND ADUKTS TO PROMOTE RESILTENCY AND HEALING FOR TRAUMA SURVIVORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrice Mcdowell-Brown Executive Di | OfficerTrustee | 35 | $32,000 |
Paige Brown Program Dire | Trustee | 5 | $9,500 |
Michael E Brown President | OfficerTrustee | 15 | $0 |
Wayne Miller Director | Trustee | 1 | $0 |
Keena Smith Secretory | Trustee | 2 | $0 |
Ingrid Bachelor Certified Pu | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $162,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,066 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,441 |
| Total Program Service Revenue | $0 |
| Investment income | $8,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $113,878 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,946 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,069 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $615 |
| Total functional expenses | $93,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,272 |
| Savings and temporary cash investments | $267,262 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $346,534 |
| 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 | $346,534 |
| Total liabilities and net assets/fund balances | $346,534 |