Brackett Foundation EIN 16-1523586 Form 990 (PDF) Claim this org

Brackett Foundation FY2022 filing

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Provides education for refugees from Myanmar in Bangladesh, Thailand, and Northeast India. For fiscal year 2022 it reported $493K in revenue, $518K in expenses, and $1000K in net assets.Pt I

Founded
1997
Type
Public charity (501(c)(3)) · International
Location
Hamilton, NY
Website
brackettfund.org
Filings
6 on file (2020–2022)
Revenue
$493KFY2022
Expenses
$518K
Net assets
$1000K
People
8
Filings
6
Updates
0
More identity details & actions ⌄
EIN  16-1523586 Public charity (501(c)(3)) Hamilton, NY Founded 1997
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides education for refugees from Myanmar in Bangladesh, Thailand, and Northeast India.
Leadership
Russell Brackett · Executive Director/Chair
Money in and out
$493K revenue, $518K expenses
Bottom line
98% program efficiency
Where the money goes · FY2022
Total revenue
$493K
Pt VIII · Ln 12
Total expenses
$518K
Pt IX · Ln 25
Net assets
$1000K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$25K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.01 Fundraising $0.01
Program efficiency
98%
of spending reaches programs
Operating runway
23.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$493K
FY2022▼ -2%
Expenses
$518K
FY2022▲ +4%
Total assets
$1.0M
FY2022▼ -25%
Total liabilities
$875
FY2022
Total revenue
$493K
Pt VIII · Ln 12
Total expenses
$518K
Pt IX · Ln 25
Net assets
$1000K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$25K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBrackett Foundation
EINHdr · item D16-1523586
Principal addressHdr · item CHamilton, NY
WebsiteHdr · item Jbrackettfund.org
Year of formationHdr · item L1997
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q300)
Ruling yearIRS BMFFeb 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director/Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $459K of program spending, described in the organization's own filed words · FY2022.
01

Programs in Bangladesh

BREF supports educational assistance to Rohingya children provided by Children On The Edge (COTE) in refugee camps, the slums of Cox's Bazar and Dohazari Enclaves in Bangladesh. When the Bangladeshi government relocated Rohingya refugees to a silt island in the Bay of Bengal, Basan Char, COTE set up ten learning centers on the island.

$329Kprogram expense
02

Programs in Thailand

scholarships: The continuing Covid pandemic as well as the military coup in Myanmar increased challenges faced by students and teachers. Most students were able to continue their studies online, some from within Myanmar. BREF distributed a total of 137 scholarships in 2021.

$69Kprogram expense
03

Programs in Thailand

Projects: BREF supports high school students in refugee camps overcome obstacles to further their education. In 2022, BREF increased its share of funding for language and computer programs for high school students in the Mae La Refugee camp and at Nai Soi outside of Mae Hong Son.

$61Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$480K · 98%
Investment income$12K · 2%
Contributions & grants98%$480K
Investment income2%$12K
Total revenueLn 12$493K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.01 Fundraising $0.01
Program services98%$509K
Management & general1%$6K
Fundraising1%$3K
Total functional expensesLn 25$518K

Balance Sheet

Part X · end of year
CashLn 1$100K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$875
Total net assetsLn 32$1000K
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.0M · Operating expenses/yr $518K
23.2 months
Where the money goes
Program services
Program services $509K · Total expenses $518K
98%
Management & General
Management & general $6K · Total expenses $518K
1%
Fundraising
Fundraising $3K · Total expenses $518K
0.7%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $451K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $480K · Total revenue $493K
98%
Government reliance
Government grants — · Total revenue $493K
Earned-income share
Program service revenue $0 · Total revenue $493K
0%
Investment reliance
Investment income $12K · Total revenue $493K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $518K
0%
Growth & trend
Revenue growth (YoY)
This year $493K · Prior year $502K
-2%
Net-asset trend (YoY)
End of year $1000K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $493K · Expenses $518K
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
Net-asset ratio
Net assets $1000K · Total assets $1.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $900K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
90%
People & payroll
Highest Reported Total Compensation
Individual Russell Brackett · Reported title Executive Director/Chair · Highest reported compensation $0 · Total expenses $518K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $518K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 1%
Fundraising cost ratio 0.7%
Revenue growth -2%
Legal fee ratio 0.2%
Accounting fee ratio 0.9%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 1 grant · $15K · 2022–2022
Unitemized GrantFY2022$14,655

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$472K revenue · ⤓ 990 PDF
FY2024$678K revenue · ⤓ 990 PDF
FY2023$454K revenue · ⤓ 990 PDF
FY2022$493K revenue · viewing · ⤓ 990 PDF
FY2021$502K revenue · ⤓ 990 PDF
FY2020$578K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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