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Bray Charitable Tr-Lord Abbett EIN 38-6039741 Form 990 (PDF) Claim this org

Bray Charitable Tr-Lord Abbett

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A government-related organization based in Pennington, NJ. It reported about $275K in revenue for 2024. For fiscal year 2025 it reported $275K in revenue, $160K in expenses, and $2.5M in net assets.Pt I

Type
Government-related / quasi-public · Nonprofit
Location
Pennington, NJ
Filings
6 on file (2020–2025)
Revenue
$275KFY2025
Expenses
$160K
Net assets
$2.5M
People
0
Filings
6
Updates
0
More identity details & actions ⌄
EIN  38-6039741 Government-related / quasi-public Pennington, NJ
Form 990 (PDF)
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Size
$100K–1M
What they do
A government-related organization based in Pennington, NJ. It reported about $275K in revenue for 2024.
Money in and out
$275K revenue, $160K expenses
Bottom line
—
Financial scale & money flow · FY2025
Total revenue
$275K
Pt VIII · Ln 12
Total expenses
$160K
Pt IX · Ln 25
Net assets
$2.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $114K
Total assets
2.5M
deployed as grants and operations
Grants paid
134K
in FY2025
Grants made
8grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 8 grants · $134K · 2024–2024
Flint Institute of ArtsMI · FY2024$112,089
American Red CrossFY2024$10,000
Michigan Youth Ballet TheatreMI · FY2024$3,000
Womens Bean ProjectCO · FY2024$2,000
Flint Cultural Center Corporation INCMI · FY2024$2,000
Boys and Girls Club of Greater FlintMI · FY2024$2,000
Art Council of White LakeFY2024$2,000
Children's Diabetes FoundationFY2024$1,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV5
Average grantPart XV$17K
Median grantPart XV$2K
Largest grantPart XV$112K
Top cause focusNTEEArts & Culture (38%)

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$275K
FY2025▲ +108%
Expenses
$160K
FY2025▲ +16%
Total assets
$2.5M
FY2025▲ +6%
Total liabilities
$0
FY2025
Total revenue
$275K
Pt VIII · Ln 12
Total expenses
$160K
Pt IX · Ln 25
Net assets
$2.5M
Pt X · Ln 32
Total assetsPt II$2.5M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBray Charitable Tr-Lord Abbett
EINHdr · item D38-6039741
Principal addressHdr · item CPennington, NJ
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(92) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFDec 1900

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported

Statement of Revenue

Part VIII
Investment income100%$275K
Total revenueLn 12$275K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.84 Operating & administrative $0.16
Grants & contributions paid84%$134K
Operating & administrative16%$26K
Total functional expensesLn 25$160K

Balance Sheet

Part X · end of year
CashLn 1$116K
Total assetsLn 16$2.5M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.5M
Months of cash on handcomputed8.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $2.5M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $275K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $275K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $275K · Prior year $132K
+108%
Revenue CAGR
FY2019 $45K · FY2024 $275K
+44%
Net-asset trend (YoY)
End of year $2.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $275K · Expenses $160K
+42%
Liabilities-to-Assets
Total liabilities — · Total assets $2.5M
—
Net-asset ratio
Net assets $2.5M · Total assets $2.5M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $160K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 108%——

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.

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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)$275K revenue · viewing · ⤓ 990 PDF
FY2024$132K revenue · ⤓ 990 PDF
FY2023$105K revenue · ⤓ 990 PDF
FY2022$57K revenue · ⤓ 990 PDF
FY2021$241K revenue · ⤓ 990 PDF
FY2020$45K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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