Brooks Foundation
- Assets
- $12.2m
- Revenue
- $924.2k
- Investments
- $9.6m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- Data as of
- 12/2023
- EIN
- 83-2764877
Organization Overview
Brooks Foundation is located in Seattle, WA. 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. Brooks 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, Brooks Foundation generated $924.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $889.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Brooks Foundation has awarded 52 individual grants totaling $2,742,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Brooks President / Treasurer | 1 | $0 | |
Stephanie Brooks Vice President / Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $765,305 |
| Interest on Savings | $0 |
| Dividends & Interest | $410,793 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$251,922 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $924,176 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,733 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $85 |
| Total operating and administrative expenses | $119,135 |
| Contributions, gifts, grants paid | $770,000 |
| Total expenses and disbursements | $889,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,669,669 |
| 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 | $9,572,572 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,242,241 |
| 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, Brooks Foundation has awarded $770,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ALASKA WILDERNESS LEAGUE PURPOSE: GENERAL SUPPORT | $50,000 |
C895 - KNHC PUBLIC RADIO ASSOCIATION PURPOSE: GENERAL SUPPORT | $25,000 |
COLLEGE SUCCESS FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
KCTS 9 - CASCADE PUBLIC MEDIA PURPOSE: GENERAL SUPPORT | $25,000 |
KUOW - PUGET SOUND PUBLIC RADIO PURPOSE: GENERAL SUPPORT | $25,000 |
NATIONAL PARK FOUNDATION PURPOSE: GENERAL SUPPORT | $25,000 |