Brown Ledge Foundation INC FY2023 filing

Tax-deductible

Colchester, VT501(c)(3)Recreation & SportsEIN 04-3351055Revenue $2.6M in FY2023

On file with the IRSbrownledge.orgPo Box 862, 05446-0862 · Colchester, VTTax-exempt since May 1997Publicly supported — 509(a)(2)

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Brown Ledge is a camp that exists to develop community, self-discipline, responsibility and achievement in girls and young women.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$93K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.1M a year · 38% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$93K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $96K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$156K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
-19% vs prior year
Spent
$2.1M
To programs
78%
Net assets
$6.4M
By yearFY2020–FY2024
Revenue
$2.6M
FY2023▼ -19%
Tap a bar for its year
Revenue by fiscal year
FY2020$813K
FY2021$2.5M
FY2022$3.2M
FY2023$2.6M
FY2024$5.4M
Expenses
$2.1M
FY2023▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$810K
FY2021$1.7M
FY2022$2.0M
FY2023$2.1M
FY2024$2.5M
Net assets
$6.4M
FY2023▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.8M
FY2021$4.5M
FY2022$5.8M
FY2023$6.4M
FY2024$9.5M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $1.7M Management & general 12% · $251K Fundraising 10% · $214K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $93K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$92,975Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Abby Lovshin-Smith Until Decemer’s $93K as Executive Di is at the 28th percentile of top reported officer pay among 1842 $1–10M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Abby Lovshin-Smith—$92,975$85,000$85,000$85,494
Abby Lovshin-Smith Until Decemer$92,644————
Hilary Chiang as of June$53,797————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops community, self-discipline, responsibility, and achievement in girls and young women through camp experiences.

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Provided by the organization

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1 program · $1.7M · in their own filed words · FY2023
01

Brown ledge is a residential camp for girls ages 10-17 located on malletts bay of lake champlain in northern vermont. We are known for our freedom of choice philosophy, our excellent instruction in our activities, and a lively community that fosters independent living and personal growth.

$1.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 4 grants · $840K · 2021–2024
Unitemized GrantFY2024$273,803
Unitemized GrantFY2023$213,258
Unitemized GrantFY2022$203,070
Unitemized GrantFY2021$149,553

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Fees for servicesLn 2g$2.0M
Gifts and grantsLn 1h$559K
Investment incomeLn 3$106K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.7M
Managementcol C$251K
Fundraisingcol D$214K
Owns and owesPt X
$6.4M
net assets · Ln 32
Cash and savingsLn 1–2$215K
Total assetsLn 16$6.6M
LiabilitiesLn 26$156K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$559K
Noncash giftsLn 1g$13K
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$106K
Other incomeLn 4–11$4K
Gains on assetsLn 7$257
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$188K
SavingsLn 2$27K
Cash and savings togetherLn 1–2$215K
InvestmentsLn 11–13$2.9M
Land, buildings, equipmentLn 10c$3.4M
Other assetsLn 15$19K
Total assetsLn 16$6.6M
LiabilitiesLn 26$156K
Net assetsLn 32$6.4M
OperationsPt I, VI
EmployeesI 514
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.5M$215K
InvestmentsLn 11–13$1.3M$2.9M
Land, buildings, equipmentLn 10c$3.1M$3.4M
Total assetsLn 16$5.9M$6.6M
LiabilitiesLn 26$143K$156K
Net assetsLn 32$5.8M$6.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$213K$213K
Pay of current officers, directors and key staffLn 5$126K$80K$34K$13K
Other salaries and wagesLn 7$735K$656K$22K$58K
Pension plan contributionsLn 8$3K$3K
Other employee benefitsLn 9$11K$7K$4K
Payroll taxesLn 10$67K$49K$9K$9K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$18K$9K$8K
Advertising and promotionLn 12$25K$6K$15K$4K
Office expensesLn 13$22K$18K$4K$147
OccupancyLn 16$118K$67K$51K
TravelLn 17$9K$3K$2K$5K
Conferences, conventions and meetingsLn 19$25K$2K$23K
Depreciation, depletion and amortizationLn 22$151K$130K$8K$12K
InsuranceLn 23$84K$6K$78K
Other expenses (24a–d)Ln 24$510K$427K$4K$79K
Total functional expensesLn 25$2.1M$1.7M$251K$214K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.4M$2.5M$3.0M$9.5M 990 PDF
FY2023 Viewing $2.6M$2.1M$500K$6.4M 990 PDF
FY2022 $3.2M$2.0M$1.2M$5.8M 990 PDF
FY2021 $2.5M$1.7M$773K$4.5M 990 PDF
FY2020 $813K$810K$3K$3.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $2,622,266 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,171,168$559,346
I-9 Program service revenuePrior year $2,068,920$1,953,541
I-10 Investment incomePrior year $2,098$105,500
I-11 Other revenuePrior year −$3,687$3,879
I-12 Total revenuePrior year $3,238,499$2,622,266
I-13 Grants and similar amounts paidPrior year $203,070$213,258
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $846,446$941,849
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $941,095$967,633
I-18 Total expensesPrior year $1,990,611$2,122,740
I-19 Revenue less expensesPrior year $1,247,888$499,526
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,622,266 across 9 lines filed
Lines not itemized here account for $3,073 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$559,346
VIII-1g Noncash contributions (included above)$12,924
VIII-1h Total contributions, gifts and grants$559,346
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,953,541$1,953,541
VIII-3 Investment incomeExcluded from tax $105,243$105,243
VIII-6 Net rental income or lossExcluded from tax $500$500
VIII-7 Net gain or loss on sales of assetsRelated to mission $257$257
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $306$306
VIII-12 Total revenueRelated to mission $1,953,798 · Excluded from tax $109,122$2,622,266
Part IX · Statement of functional expenses $2,122,740 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $213,258$213,258
IX-5 Pay of current officers, directors and key staffPrograms $79,745 · Management $33,636 · Fundraising $12,598$125,979
IX-7 Other salaries and wagesPrograms $655,911 · Management $21,519 · Fundraising $57,927$735,357
IX-8 Pension plan contributionsManagement $2,732$2,732
IX-9 Other employee benefitsManagement $6,874 · Fundraising $4,031$10,905
IX-10 Payroll taxesPrograms $48,913 · Management $8,910 · Fundraising $9,053$66,876
IX-11c Accounting feesManagement $1,600$1,600
IX-11f Investment management feesManagement $4,392$4,392
IX-11g Other fees for servicesManagement $9,242 · Fundraising $8,500$17,742
IX-12 Advertising and promotionPrograms $6,307 · Management $14,691 · Fundraising $3,530$24,528
IX-13 Office expensesPrograms $17,940 · Management $3,864 · Fundraising $147$21,951
IX-16 OccupancyPrograms $66,708 · Management $51,082$117,790
IX-17 TravelPrograms $2,776 · Management $1,751 · Fundraising $4,786$9,313
IX-19 Conferences, conventions and meetingsPrograms $2,030 · Fundraising $22,831$24,861
IX-22 Depreciation, depletion and amortizationPrograms $130,409 · Management $8,455 · Fundraising $12,265$151,129
IX-23 InsurancePrograms $6,369 · Management $77,931$84,300
IX-24 Other expenses (24a–d)Programs $427,455 · Management $4,052 · Fundraising $78,520$510,027
IX-25 Total functional expensesPrograms $1,657,821 · Management $250,731 · Fundraising $214,188$2,122,740
Part X · Balance sheet $6,575,811 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $206,750$187,782
X-2 Savings and temporary cash investmentsStart of year $1,275,845$27,196
X-9 Prepaid expenses and deferred charges$24,380
X-10c Land, buildings and equipment, netStart of year $3,117,414$3,386,085
X-11 Publicly traded securitiesStart of year $1,307,883$2,931,389
X-15 Other assetsStart of year $19,162$18,979
X-16 Total assetsStart of year $5,927,054$6,575,811
X-17 Accounts payable and accrued expensesStart of year $16,888$8,644
X-19 Deferred revenueStart of year $125,958$147,582
X-26 Total liabilitiesStart of year $142,846$156,226
X-27 Net assets without donor restrictionsStart of year $4,458,887$4,930,560
X-28 Net assets with donor restrictionsStart of year $1,325,321$1,489,025
X-32 Total net assets or fund balancesStart of year $5,784,208$6,419,585
X-33 Total liabilities and net assetsStart of year $5,927,054$6,575,811
Part XI · Reconciliation of net assets $6,419,585 net assets at year end
XI-1 Total revenue$2,622,266
XI-2 Total expenses$2,122,740
XI-3 Revenue less expenses$499,526
XI-4 Net assets at start of year$5,784,208
XI-5 Net unrealized gains (losses) on investments$135,851
XI-10 Net assets at end of year$6,419,585

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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