My Brothers Keeper Foundation
- Assets
- $281.5k
- Revenue
- $10.9k
- Investments
- $181.6k
- Employees
- 0
- Location
- Sandy, UT
- Founding
- 08/1999
- Data as of
- 12/2022
- EIN
- 87-0579029
Organization Overview
My Brothers Keeper Foundation is located in Sandy, UT. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. My Brothers Keeper 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 12/2022, My Brothers Keeper Foundation generated $10.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (38.3%) each year. All expenses for the organization totaled $37.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (30.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, My Brothers Keeper Foundation has awarded 95 individual grants totaling $1,914,600. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan S Layton Trustee | 3 | $0 | |
Leslie P Layton Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $5,213 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,723 |
| Capital Gain Net Income | $5,723 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,630 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,323 |
| Contributions, gifts, grants paid | $31,000 |
| Total expenses and disbursements | $37,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,950 |
| Savings and temporary cash investments | $0 |
| 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 | $181,596 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $281,546 |
| 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, My Brothers Keeper Foundation has awarded $31,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
RISE & REBUILD PURPOSE: DONATION | $10,000 |
MOUNT LIBERTY COLLEGE PURPOSE: DONATION | $6,000 |
Draper, UT PURPOSE: DONATION | $5,000 |
Lehi, UT PURPOSE: DONATION | $5,000 |
UNIVERSITY OF UTAH PURPOSE: DONATION | $4,500 |
Highland, UT PURPOSE: DONATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Davis Education Foundation Farmington, UT | $5,085,973 | $8,327,640 |
School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |
Prosperity Denver Fund Denver, CO | $29,340,017 | $14,622,453 |
College Success Arizona Phoenix, AZ | $19,037,884 | $6,349,882 |
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
Reisher Family Foundation Lakewood, CO | $521,642,537 | $444,544,338 |
Idaho Association For The Education Of Young Children Boise, ID | $1,636,700 | $5,141,669 |