James A And Martha R Brown Charitable Foundation Inc
- Assets
- $37.9m
- Revenue
- $9.6m
- Investments
- $37.8m
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 83-0744635
Organization Overview
James A And Martha R Brown Charitable Foundation Inc is located in Lexington, KY. The organization was established in 2019. 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. James A And Martha R Brown 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 12/2022, James A And Martha R Brown Charitable Foundation Inc generated $9.6m in total revenue. All expenses for the organization totaled $667.1k during the year ending 12/2022. While expenses have increased by 3.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joni Douglas Bd. Chair/pres. | 1.5 | $6,300 | |
Harry Richart Director/sec. | 1 | $4,250 | |
Edwin Culbertson Director | 1 | $4,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,387,137 |
| Interest on Savings | $0 |
| Dividends & Interest | $621,129 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $538,645 |
| Capital Gain Net Income | $538,645 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,016 |
| Total Revenue | $9,553,927 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $57,797 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $46 |
| Printing and publications | $0 |
| Other expenses | $58,352 |
| Total operating and administrative expenses | $332,099 |
| Contributions, gifts, grants paid | $335,000 |
| Total expenses and disbursements | $667,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $97,144 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $37,942,035 |
| 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, James A And Martha R Brown Charitable Foundation Inc has awarded $335,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KIWANIS CLUB OF CYNTHIANA PURPOSE: ACCESSIBLE HOME RENOVATIONFOR DISABLED PERSON | $25,000 |
KENTUCKY FFA FOUNDATION PURPOSE: AID TO STUDENTS INNICHOLAS, HARRISON,AND ROBERTSON COUNTIES | $300,000 |
KENTUCKY STATE POLICE PURPOSE: TROOPER CAMPAIGNGIFTS FOR CHILDREN | $10,000 |