The Brenn Foundation: FY2022 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

59 cents of each dollar spent went to programs.

59%

41%

Program services 59% · $345K Management & general 41% · $244K

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 · $345K · in their own filed words · FY2022

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…

$345Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$237K

Ln 12

Investment incomeLn 3$190K

Fees for servicesLn 2g$47K

Money outPt IX

$589K

Ln 25

Programscol B$345K

Managementcol C$244K

Owns and owesPt X

$10.8M

net assets · Ln 32

Cash and savingsLn 1–2$2K

Total assetsLn 16$10.9M

LiabilitiesLn 26$27K

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$47K

Investment incomeLn 3$190K

Gains on assetsLn 7$67K

Total revenueLn 12$237K

Assets in detailPt X, end of year

CashLn 1$2K

Cash and savings togetherLn 1–2$2K

InvestmentsLn 11–13$10.5M

Land, buildings, equipmentLn 10c$261K

Other assetsLn 15$121K

Total assetsLn 16$10.9M

LiabilitiesLn 26$27K

Net assetsLn 32$10.8M

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 FY22	End FY22
Cash and savingsLn 1–2	$2K	$2K
InvestmentsLn 11–13	$13.3M	$10.5M
Land, buildings, equipmentLn 10c	$224K	$261K
Total assetsLn 16	$13.5M	$10.9M
LiabilitiesLn 26	$122K	$27K
Net assetsLn 32	$13.4M	$10.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$89K	$80K	$9K
Other employee benefitsLn 9	$5K	$4K	$497
Payroll taxesLn 10	$7K	$7K	$732
Legal feesLn 11b	$8K		$8K
Accounting feesLn 11c	$13K		$13K
Investment management feesLn 11f	$47K		$47K
Other fees for servicesLn 11g	$65K	$2K	$63K
Advertising and promotionLn 12	$7K	$7K
Office expensesLn 13	$6K		$6K
OccupancyLn 16	$105K	$95K	$11K
TravelLn 17	$7K		$7K
InterestLn 20	$578		$578
Depreciation, depletion and amortizationLn 22	$23K	$21K	$2K
InsuranceLn 23	$59K	$53K	$6K
Other expenses (24a–d)Ln 24	$146K	$77K	$69K
Total functional expensesLn 25	$589K	$345K	$244K	$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 Viewing	$237K	$589K	−$352K	$10.8M	990 PDF
FY2021	$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 FY2022 990 (6 parts)

Part I · Summary $236,911 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $169,500$47,252

I-10 Investment incomePrior year $710,108$189,659

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $879,608$236,911

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 $98,217$101,330

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

I-17 Other expensesPrior year $535,681$487,323

I-18 Total expensesPrior year $633,898$588,653

I-19 Revenue less expensesPrior year $245,710−$351,742

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 $236,911 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $47,252$47,252

VIII-3 Investment incomeExcluded from tax $122,205$122,205

VIII-7 Net gain or loss on sales of assetsExcluded from tax $67,454$67,454

VIII-12 Total revenueRelated to mission $47,252 · Unrelated business $0 · Excluded from tax $189,659$236,911

Part IX · Statement of functional expenses $588,653 across 15 lines filed

IX-7 Other salaries and wagesPrograms $80,131 · Management $8,904$89,035

IX-9 Other employee benefitsPrograms $4,474 · Management $497$4,971

IX-10 Payroll taxesPrograms $6,592 · Management $732$7,324

IX-11b Legal feesManagement $7,756$7,756

IX-11c Accounting feesManagement $12,812$12,812

IX-11f Investment management feesManagement $47,453$47,453

IX-11g Other fees for servicesPrograms $1,808 · Management $63,357$65,165

IX-12 Advertising and promotionPrograms $6,854$6,854

IX-13 Office expensesManagement $6,038$6,038

IX-16 OccupancyPrograms $94,832 · Management $10,537$105,369

IX-17 TravelManagement $7,350$7,350

IX-20 InterestManagement $578$578

IX-22 Depreciation, depletion and amortizationPrograms $20,885 · Management $2,321$23,206

IX-23 InsurancePrograms $52,872 · Management $5,875$58,747

IX-24 Other expenses (24a–d)Programs $76,669 · Management $69,326$145,995

IX-25 Total functional expensesPrograms $345,117 · Management $243,536 · Fundraising $0$588,653

Part X · Balance sheet $10,854,505 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $2,239$2,241

X-10c Land, buildings and equipment, netStart of year $224,268$260,930

X-11 Publicly traded securitiesStart of year $11,434,470$8,626,671

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

X-15 Other assets$121,000

X-16 Total assetsStart of year $13,504,640$10,854,505

X-17 Accounts payable and accrued expensesStart of year $6,342$3,188

X-25 Other liabilitiesStart of year $42,000$14,000

X-26 Total liabilitiesStart of year $121,680$26,790

X-32 Total net assets or fund balancesStart of year $13,382,960$10,827,715

X-33 Total liabilities and net assetsStart of year $13,504,640$10,854,505

Part XI · Reconciliation of net assets $10,827,715 net assets at year end

XI-1 Total revenue$236,911

XI-2 Total expenses$588,653

XI-3 Revenue less expenses−$351,742

XI-4 Net assets at start of year$13,382,960

XI-5 Net unrealized gains (losses) on investments−$2,203,503

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$10,827,715

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Brenn Foundation FY2022 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