Brown Asset Reclamation Foundation
- Assets
- $2.9m
- Revenue
- $55.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Ormond Beach, FL
- Founding
- Data as of
- 12/2022
- EIN
- 87-3846431
Organization Overview
Brown Asset Reclamation Foundation is located in Ormond Beach, FL. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brown Asset Reclamation 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, Brown Asset Reclamation Foundation generated $55.4k in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT CAPITAL IMPROVEMENTS FOR AND PROVIDING OTHER EXPENDITURES RELATED TO A PUBLIC PARK KNOWN AS RIVERFRONT PARK IN DAYTONA BEACH, FLORIDA, LOCATED ALONG BEACH STREET BETWEEN MAIN STREET AND ORANGE AVENUE, FOR AS LONG AS BROWN RIVERFRONT ESPLANADE FOUNDATION, INC (EIN: XXX-XX-XXXX) IS LEASING THE PARK FROM THE CITY OF DAYTONA BEACH AND, THEREAFTER, SUPPORTING THE MUSEUM OF ARTS AND SCIENCES, INC (59-1022050), ALSO LOCATED IN DAYTONA BEACH, FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE CAPITAL IMPROVEMENTS FOR AND PROVIDE OTHER EXPENDITURES RELATED TO A PUBLIC PARK KNOWN AS RIVERFRONT PARK IN DAYTONA BEACH, FLORIDA
TO PROMOTE, SUPPORT, AND ENGAGE IN ACTIVITIES CARRIED ON FOR CHARITABLE, SCIENTIFIC, EDUCATIONAL, OR ANY OTHER QUALIFIED PURPOSES
TO PROMOTE AND ENCOURAGE CHARITABLE GIVING IN THE UNITED STATES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Brown Trustee | Trustee | 1 | $0 |
J Hyatt Brown Trustee | Trustee | 1 | $0 |
Powell Brown Trustee | Trustee | 1 | $0 |
David Lotz Trustee | OfficerTrustee | 1 | $0 |
R Andrew Watts Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $55,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,432 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,304 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $28,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $467,927 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,433,326 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,901,253 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,901,253 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,901,253 |