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Brackett Foundation FY2020 filing

Tax-deductible

Hamilton, NY501(c)(3)Since 1997International EIN 16-1523586Revenue $578K in FY2020

On file with the IRSbrackettfund.orgPo Box 8, 13346-0008 · Hamilton, NYTax-exempt since Feb 1998Publicly supported charity — 170(b)(1)(A)(vi)

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Believing that the best hope for peace and happiness for mankind lies in education, we are dedicated to assisting refugees or displaced persons of any race,nationality, or creed to acquire an education. The focus is on refugees from Burma in Thailand, India,and Bangladesh.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $863 a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Plus $1.0M in investments, Pt X · Ln 11–13
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $328K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 9 voting members
Looks good: 6 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
$578K
Spent
$461K
To programs
98%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$578K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$578K
FY2021$502K
FY2022$493K
FY2023$454K
FY2024$678K
FY2025$472K
Expenses
$461K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$461K
FY2021$497K
FY2022$518K
FY2023$502K
FY2024$610K
FY2025$583K
Net assets
$1.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.3M
FY2022$1000K
FY2023$1.3M
FY2024$1.6M
FY2025$1.8M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1998.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $454K Management & general 1% · $4K Fundraising 1% · $3K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Russell Brackett
Executive Director/Interim Board Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Paulo Flor
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Brackett Foundation executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides education for refugees from Myanmar in Bangladesh, Thailand, and Northeast India.

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3 programs · $424K · in their own filed words · FY2020
01

Programs in Bangladesh

BREF supports educational assistance to Rohingya children through Children On the Edge (COTE) who observe, in their annual report that, after three years, " Rohingya remained trapped and stateless on the Bangladeshi border". The COVID crisis required COTE to respond creatively.

$248Kprogram expense
02

Programs in Thailand

scholarships: The Covid pandemic led to uncertainty and required adjustment to delays and alternatives such as online programs. Students adapted well in uncertain times. BREF distributed a total of 158 scholarships in 2020. We had 28 University graduates and 7 graduates in Diploma courses.

$109Kprogram expense
03

BREF directly supported language and computer programs for high school students, in the Mae La Refugee camp and at Nai Soi outside of Mae Hong Son. At the Mae La camp we started a program linking English language students virtually with volunteer ESL teachers for practice in conversational English.

$67Kprogram 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
Fidelity Investments Charitable Gift FundFY2024$203K
Donor Advised Charitable Giving INCFY2024$125K
Jacob and Minnie Kliman Charitable FoundationFY2024$500
Total grants receivedfrom 3 funders$328K
See all 3 funders →
Grants paid · 1 grant · $15K · 2022–2022
Unitemized GrantFY2022$14,655

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$578K
Ln 12
Gifts and grantsLn 1h$379K
Investment incomeLn 3$199K
Money outPt IX
$461K
Ln 25
Programscol B$454K
Managementcol C$4K
Fundraisingcol D$3K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$96K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$379K
Noncash giftsLn 1g$15K
Investment incomeLn 3$199K
Gains on assetsLn 7$189K
Total revenueLn 12$578K
Assets in detailPt X, end of year
CashLn 1$58K
SavingsLn 2$38K
Cash and savings togetherLn 1–2$96K
InvestmentsLn 11–13$1.0M
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$88K$96K
InvestmentsLn 11–13$851K$1.0M
Total assetsLn 16$939K$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$939K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$451K$451K
Legal feesLn 11b$125$125
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$3K$1K$1K
Office expensesLn 13$3K$2K$2K
Total functional expensesLn 25$461K$454K$4K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $472K$583K−$111K$1.8M 990 PDF
FY2024 $678K$610K$67K$1.6M 990 PDF
FY2023 $454K$502K−$47K$1.3M 990 PDF
FY2022 $493K$518K−$25K$1000K 990 PDF
FY2021 $502K$497K$4K$1.3M 990 PDF
FY2020 Viewing $578K$461K$118K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $578,403 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $401,840$378,911
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $24,965$199,492
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $426,805$578,403
I-13 Grants and similar amounts paidPrior year $485,974$450,931
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,694$9,837
I-18 Total expensesPrior year $498,668$460,768
I-19 Revenue less expensesPrior year −$71,863$117,635
Part VI · Governance 6 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $578,403 across 6 lines filed
VIII-1f All other contributions, gifts and grants$378,911
VIII-1g Noncash contributions (included above)$15,376
VIII-1h Total contributions, gifts and grants$378,911
VIII-3 Investment incomeRelated to mission $10,260$10,260
VIII-7 Net gain or loss on sales of assetsRelated to mission $189,232$189,232
VIII-12 Total revenueRelated to mission $199,492 · Unrelated business $0 · Excluded from tax $0$578,403
Part IX · Statement of functional expenses $460,768 across 5 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $450,931$450,931
IX-11b Legal feesManagement $125$125
IX-11c Accounting feesManagement $3,900$3,900
IX-11g Other fees for servicesPrograms $1,156 · Fundraising $1,381$2,537
IX-13 Office expensesPrograms $1,730 · Fundraising $1,545$3,275
IX-25 Total functional expensesPrograms $453,817 · Management $4,025 · Fundraising $2,926$460,768
Part X · Balance sheet $1,111,592 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $60,616$58,493
X-2 Savings and temporary cash investmentsStart of year $27,730$37,740
X-11 Publicly traded securitiesStart of year $851,067$1,015,359
X-16 Total assetsStart of year $939,413$1,111,592
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $939,413$1,111,592
X-32 Total net assets or fund balancesStart of year $939,413$1,111,592
X-33 Total liabilities and net assetsStart of year $939,413$1,111,592
Part XI · Reconciliation of net assets $1,111,592 net assets at year end
XI-1 Total revenue$578,403
XI-2 Total expenses$460,768
XI-3 Revenue less expenses$117,635
XI-4 Net assets at start of year$939,413
XI-5 Net unrealized gains (losses) on investments$54,811
XI-9 Other changes in net assets−$267
XI-10 Net assets at end of year$1,111,592

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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