Brass Rat Investments
- Assets
- $104.6k
- Revenue
- $100.0k
- Investments
- $104.6k
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- Data as of
- 12/2023
- EIN
- 92-2174462
Organization Overview
Brass Rat Investments is located in Cambridge, MA. According to its NTEE Classification (B40) the organization is classified as: Higher Education, 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. Brass Rat Investments is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVESTMENTS EDUCATION PROGRAM FOR COLLEGE STUDENTS - BRASS RAT INVESTMENTS OPERATES AS AN INVESTMENT FUND USED AS AN EDUCATIONAL PLATFORM FOR UNDERGRADUATE AND GRADUATE STUDENTS WITH ALL CURRENT AND FUTURE ASSETS TO BE ALLOCATED FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501 C3. BRASS RAT INVESTMENTS WILL OPERATE AS A PRIVATE FOUNDATION. ACTIVITIES INCLUDE WEEKLY IN PERSON EDUCATION AND TRAINING CLASSES PERIODIC GUEST SPEAKERS RELATED TO THE FINANCE INDUSTRY AND 1X1 MENTORING AROUND THE PRACTICE OF INVESTMENT MANAGEMENT. THE NON-PROFIT INVESTMENT FUND IS MANAGED BY THE STUDENTS AND USED AS A TEACHING PLATFORM BY THE DIRECTORS OF BRASS RAT. ALL SERVICES PROVIDED FREE OF CHARGE AS PART OF THE CHARITABLE MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Telis Bertsekas Director | 10 | $0 | |
Nina Hughes Director | 5 | $0 | |
Jean Horenstein Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $100,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $104,624 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $104,624 |
| 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 |