The Brenn Foundation FY2021 filing

Tax-deductible

Denver, CO501(c)(3)InternationalEIN 52-1490106Revenue $880K in FY2021

On file with the IRS735 S Fillmore St, 80209-4816 · Denver, COTax-exempt since Apr 1987Supporting organization — 509(a)(3)

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The Foundation as a 509(a)(3) organization is operated exclusively for the benefit of its supported organizations and other organizations whose charitable purpose and mission are consistent with the charitable purpose and mission of the foundation's supported organizations.

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · 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
3 of 5
filings with a surplus
Average surplus $21K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$122K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$880K
+53% vs prior year
Spent
$634K
To programs
57%
Net assets
$13.4M
By yearFY2020–FY2024
Revenue
$880K
FY2021▲ +53%
Tap a bar for its year
Revenue by fiscal year
FY2020$575K
FY2021$880K
FY2022$237K
FY2023$911K
FY2024$515K
Expenses
$634K
FY2021▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$545K
FY2021$634K
FY2022$589K
FY2023$597K
FY2024$647K
Net assets
$13.4M
FY2021▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$12.1M
FY2021$13.4M
FY2022$10.8M
FY2023$11.6M
FY2024$12.0M

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 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 Apr 1987.

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

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $361K Management & general 43% · $273K

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
Director/President
$0Pt VII · Sec A
Director/Secretary & Treas
$0Pt VII · Sec A
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

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Provided by the organization

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1 program · $361K · in their own filed words · FY2021
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…

$361Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$880K
Ln 12
Investment incomeLn 3$710K
Fees for servicesLn 2g$170K
Money outPt IX
$634K
Ln 25
Programscol B$361K
Managementcol C$273K
Owns and owesPt X
$13.4M
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$13.5M
LiabilitiesLn 26$122K
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$170K
Investment incomeLn 3$710K
Gains on assetsLn 7$552K
Total revenueLn 12$880K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
InvestmentsLn 11–13$13.3M
Land, buildings, equipmentLn 10c$224K
Total assetsLn 16$13.5M
LiabilitiesLn 26$122K
Net assetsLn 32$13.4M
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
LineStart FY21End FY21
Cash and savingsLn 1–2$2K$2K
InvestmentsLn 11–13$12.0M$13.3M
Land, buildings, equipmentLn 10c$170K$224K
Total assetsLn 16$12.2M$13.5M
LiabilitiesLn 26$120K$122K
Net assetsLn 32$12.1M$13.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$83K$75K$8K
Other employee benefitsLn 9$7K$6K$670
Payroll taxesLn 10$8K$8K$850
Management feesLn 11a$2K$2K
Legal feesLn 11b$34K$34K
Accounting feesLn 11c$13K$13K
Investment management feesLn 11f$61K$61K
Other fees for servicesLn 11g$49K$607$48K
Advertising and promotionLn 12$15K$15K
Office expensesLn 13$11K$11K
OccupancyLn 16$123K$110K$12K
TravelLn 17$7K$7K
InterestLn 20$489$489
Depreciation, depletion and amortizationLn 22$18K$16K$2K
InsuranceLn 23$64K$57K$6K
Other expenses (24a–d)Ln 24$139K$73K$65K
All other expensesLn 24e$160$160
Total functional expensesLn 25$634K$361K$273K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
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 Viewing $880K$634K$246K$13.4M 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $879,608 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $80,100$169,500
I-10 Investment incomePrior year $494,571$710,108
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $574,671$879,608
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 $98,178$98,217
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $446,759$535,681
I-18 Total expensesPrior year $544,937$633,898
I-19 Revenue less expensesPrior year $29,734$245,710
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 $879,608 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $169,500$169,500
VIII-3 Investment incomeExcluded from tax $157,938$157,938
VIII-7 Net gain or loss on sales of assetsExcluded from tax $552,170$552,170
VIII-12 Total revenueRelated to mission $169,500 · Unrelated business $0 · Excluded from tax $710,108$879,608
Part IX · Statement of functional expenses $633,898 across 17 lines filed
IX-7 Other salaries and wagesPrograms $74,719 · Management $8,302$83,021
IX-9 Other employee benefitsPrograms $6,026 · Management $670$6,696
IX-10 Payroll taxesPrograms $7,650 · Management $850$8,500
IX-11a Management feesManagement $1,720$1,720
IX-11b Legal feesManagement $34,456$34,456
IX-11c Accounting feesManagement $13,194$13,194
IX-11f Investment management feesManagement $61,250$61,250
IX-11g Other fees for servicesPrograms $607 · Management $48,067$48,674
IX-12 Advertising and promotionPrograms $15,352$15,352
IX-13 Office expensesManagement $10,954$10,954
IX-16 OccupancyPrograms $110,484 · Management $12,276$122,760
IX-17 TravelManagement $6,518$6,518
IX-20 InterestManagement $489$489
IX-22 Depreciation, depletion and amortizationPrograms $16,185 · Management $1,798$17,983
IX-23 InsurancePrograms $57,214 · Management $6,357$63,571
IX-24 Other expenses (24a–d)Programs $73,125 · Management $65,475$138,600
IX-24e All other expensesManagement $160$160
IX-25 Total functional expensesPrograms $361,362 · Management $272,536 · Fundraising $0$633,898
Part X · Balance sheet $13,504,640 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $2,237$2,239
X-10c Land, buildings and equipment, netStart of year $170,493$224,268
X-11 Publicly traded securitiesStart of year $10,198,111$11,434,470
X-13 Program-related investmentsStart of year $1,843,663$1,843,663
X-16 Total assetsStart of year $12,214,504$13,504,640
X-17 Accounts payable and accrued expensesStart of year $11,769$6,342
X-25 Other liabilitiesStart of year $20,500$42,000
X-26 Total liabilitiesStart of year $120,024$121,680
X-32 Total net assets or fund balancesStart of year $12,094,480$13,382,960
X-33 Total liabilities and net assetsStart of year $12,214,504$13,504,640
Part XI · Reconciliation of net assets $13,382,960 net assets at year end
XI-1 Total revenue$879,608
XI-2 Total expenses$633,898
XI-3 Revenue less expenses$245,710
XI-4 Net assets at start of year$12,094,480
XI-5 Net unrealized gains (losses) on investments$1,042,770
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,382,960

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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