My Brothers Keeper Foundation
- Assets
- $177.2k
- Revenue
- $15.3k
- Investments
- $141.3k
- Employees
- 0
- Location
- Sandy, UT
- Founding
- 08/1999
- Data as of
- 12/2023
- 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 12/2023, My Brothers Keeper Foundation generated $15.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (32.5%) each year. All expenses for the organization totaled $119.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, My Brothers Keeper Foundation has awarded 81 individual grants totaling $1,865,600. 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 | $4 |
| Dividends & Interest | $4,431 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,855 |
| Capital Gain Net Income | $10,855 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,290 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $212 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,268 |
| Contributions, gifts, grants paid | $115,000 |
| Total expenses and disbursements | $119,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,927 |
| 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 | $141,311 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $177,238 |
| 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 $115,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN INDIAN SERVICES PURPOSE: DONATION | $5,000 |
MOUNT LIBERTY COLLEGE PURPOSE: DONATION | $6,000 |
UNIVERSITY OF UTAH PURPOSE: DONATION | $3,000 |
FRIENDS OF LIAHONA PURPOSE: DONATION | $1,000 |
ACADEMY FOR CREATING ENTERPRISE PURPOSE: DONATION | $50,000 |
CHURCH OF JESUS CHRIST PHILANTHROPI PURPOSE: DONATION | $50,000 |