Bromark Family Foundation Uad 01-11-2019
- Assets
- $1.0m
- Revenue
- $81.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-6691102
Organization Overview
Bromark Family Foundation Uad 01-11-2019 is located in Sarasota, FL. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bromark Family Foundation Uad 01-11-2019 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, Bromark Family Foundation Uad 01-11-2019 generated $81.7k 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 (46.7%) each year. All expenses for the organization totaled $65.9k during the year ending 12/2022. 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 |
|---|---|---|---|
Raymond J Bromark Co-Trustee | 1 | $0 | |
Rita M Bromark Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $43,328 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,389 |
| Capital Gain Net Income | $38,389 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $994 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,215 |
| Total operating and administrative expenses | $14,824 |
| Contributions, gifts, grants paid | $51,075 |
| Total expenses and disbursements | $65,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,811 |
| 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 | $1,040,338 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,043,149 |
| 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, Bromark Family Foundation Uad 01-11-2019 has awarded $51,075 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
FAITH UNITED METHODIST CHURCH PURPOSE: GENERAL | $25 |
ACADIA CENTER PURPOSE: GENERAL | $1,000 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL | $50 |
MONROE COUNTY MEALS ON WHEELS PURPOSE: GENERAL | $25 |
NVNA AND HOSPICE PURPOSE: GENERAL | $100 |
AMERICAN LUNG ASSOCIATION PURPOSE: GENERAL | $2,000 |