The Brenn Foundation: FY2020 Nonprofit Profile & Form 990 (EIN 52-1490106)

Revenue by fiscal year
FY2020	$575K
FY2021	$880K
FY2022	$237K
FY2023	$911K
FY2024	$515K

Expenses by fiscal year
FY2020	$545K
FY2021	$634K
FY2022	$589K
FY2023	$597K
FY2024	$647K

Net assets by fiscal year
FY2020	$12.1M
FY2021	$13.4M
FY2022	$10.8M
FY2023	$11.6M
FY2024	$12.0M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1987.

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

Where the money goes

16 cents of each dollar spent went to programs.

16%

84%

Program services 16% · $85K Management & general 84% · $460K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation

Nicole Bagley

Director/President

$0Pt VII · Sec A

Robert Borosage

Director/Secretary & Treas

$0Pt VII · Sec A

Thomas Blanton

Director/Vice President

$0Pt VII · Sec A

See The Brenn 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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo
Loans to or from officersSch L · Pt II1 listed

Programs and updates

Supports other charitable organizations with similar missions and purposes.

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Provided by the organization

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1 program · $85K · in their own filed words · FY2020

01

The brenn foundation's exclusive program activity is to provide meeting and conference facilities to its two supported organizations, the institute for america's future and the national security archive fund, inc., both of which are irc 501(c)(3) public charities, to similar public charities whose exempt purposes are consistent with…

$85Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$575K

Ln 12

Investment incomeLn 3$495K

Fees for servicesLn 2g$80K

Money outPt IX

$545K

Ln 25

Programscol B$85K

Managementcol C$460K

Owns and owesPt X

$12.1M

net assets · Ln 32

Cash and savingsLn 1–2$2K

Total assetsLn 16$12.2M

LiabilitiesLn 26$120K

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$80K

Investment incomeLn 3$495K

Gains on assetsLn 7$375K

Total revenueLn 12$575K

Assets in detailPt X, end of year

CashLn 1$2K

Cash and savings togetherLn 1–2$2K

InvestmentsLn 11–13$12.0M

Land, buildings, equipmentLn 10c$170K

Total assetsLn 16$12.2M

LiabilitiesLn 26$120K

Net assetsLn 32$12.1M

OperationsPt I, VI

EmployeesI 52

VolunteersI 63

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$2K	$2K
InvestmentsLn 11–13	$10.8M	$12.0M
Land, buildings, equipmentLn 10c	$152K	$170K
Total assetsLn 16	$10.9M	$12.2M
LiabilitiesLn 26	$91K	$120K
Net assetsLn 32	$10.9M	$12.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$88K		$88K
Other employee benefitsLn 9	$2K		$2K
Payroll taxesLn 10	$9K		$9K
Management feesLn 11a	$3K		$3K
Legal feesLn 11b	$4K		$4K
Accounting feesLn 11c	$10K		$10K
Investment management feesLn 11f	$57K		$57K
Other fees for servicesLn 11g	$51K		$51K
Advertising and promotionLn 12	$29K	$29K
Office expensesLn 13	$8K		$8K
OccupancyLn 16	$92K		$92K
TravelLn 17	$3K		$3K
Conferences, conventions and meetingsLn 19	$799		$799
InterestLn 20	$555		$555
Depreciation, depletion and amortizationLn 22	$14K		$14K
InsuranceLn 23	$55K		$55K
Other expenses (24a–d)Ln 24	$120K	$56K	$64K
Total functional expensesLn 25	$545K	$85K	$460K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$515K	$647K	−$132K	$12.0M	990 PDF
FY2023	$911K	$597K	$313K	$11.6M	990 PDF
FY2022	$237K	$589K	−$352K	$10.8M	990 PDF
FY2021	$880K	$634K	$246K	$13.4M	990 PDF
FY2020 Viewing	$575K	$545K	$30K	$12.1M	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 FY2020 990 (6 parts)

Part I · Summary $574,671 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $46,100$80,100

I-10 Investment incomePrior year $204,873$494,571

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $250,973$574,671

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $93,120$98,178

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $421,183$446,759

I-18 Total expensesPrior year $514,303$544,937

I-19 Revenue less expensesPrior year −$263,330$29,734

Part VI · Governance 3 of 3 board members independent, 3 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $574,671 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $80,100$80,100

VIII-3 Investment incomeExcluded from tax $119,895$119,895

VIII-7 Net gain or loss on sales of assetsExcluded from tax $374,676$374,676

VIII-12 Total revenueRelated to mission $80,100 · Unrelated business $0 · Excluded from tax $494,571$574,671

Part IX · Statement of functional expenses $544,937 across 17 lines filed

IX-7 Other salaries and wagesManagement $88,148$88,148

IX-9 Other employee benefitsManagement $1,501$1,501

IX-10 Payroll taxesManagement $8,529$8,529

IX-11a Management feesManagement $2,860$2,860

IX-11b Legal feesManagement $3,573$3,573

IX-11c Accounting feesManagement $10,493$10,493

IX-11f Investment management feesManagement $56,705$56,705

IX-11g Other fees for servicesManagement $50,603$50,603

IX-12 Advertising and promotionPrograms $29,051$29,051

IX-13 Office expensesManagement $8,060$8,060

IX-16 OccupancyManagement $91,679$91,679

IX-17 TravelManagement $3,280$3,280

IX-19 Conferences, conventions and meetingsManagement $799$799

IX-20 InterestManagement $555$555

IX-22 Depreciation, depletion and amortizationManagement $13,716$13,716

IX-23 InsuranceManagement $55,086$55,086

IX-24 Other expenses (24a–d)Programs $55,874 · Management $64,425$120,299

IX-25 Total functional expensesPrograms $84,925 · Management $460,012 · Fundraising $0$544,937

Part X · Balance sheet $12,214,504 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $2,238$2,237

X-10c Land, buildings and equipment, netStart of year $151,844$170,493

X-11 Publicly traded securitiesStart of year $8,946,965$10,198,111

X-13 Program-related investmentsStart of year $1,843,663$1,843,663

X-16 Total assetsStart of year $10,944,710$12,214,504

X-17 Accounts payable and accrued expensesStart of year $11,319$11,769

X-25 Other liabilitiesStart of year $6,000$20,500

X-26 Total liabilitiesStart of year $90,684$120,024

X-32 Total net assets or fund balancesStart of year $10,854,026$12,094,480

X-33 Total liabilities and net assetsStart of year $10,944,710$12,214,504

Part XI · Reconciliation of net assets $12,094,480 net assets at year end

XI-1 Total revenue$574,671

XI-2 Total expenses$544,937

XI-3 Revenue less expenses$29,734

XI-4 Net assets at start of year$10,854,026

XI-5 Net unrealized gains (losses) on investments$1,210,720

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$12,094,480

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

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The Brenn Foundation FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for The Brenn Foundation

By the numbers

Filing history

Schedules filed Part IV