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Aubrey Lee Brooks Foundation

Tax-deductible

Raleigh, NC501(c)(3)EducationEIN 56-6044358Revenue $2.7M in FY2025

On file with the IRS3120 Poplarwood CT, 27604-1007 · Raleigh, NCTax-exempt since Apr 1973Supporting organization — 509(a)(3)

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Providing scholarships to three north carolina universities

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $812K a year · 42% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+94% vs prior year
Spent
$1.2M
To programs
73%
Net assets
$40.8M
By yearFY2020–FY2025
Revenue
$2.7M
FY2025▲ +94%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$2.5M
FY2022$2.7M
FY2023$940K
FY2024$1.4M
FY2025$2.7M
Expenses
$1.2M
FY2025▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$1.2M
FY2023$865K
FY2024$1.2M
FY2025$1.2M
Net assets
$40.8M
FY2025▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$30.3M
FY2021$37.9M
FY2022$32.0M
FY2023$34.2M
FY2024$37.8M
FY2025$40.8M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1973.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $856K Management & general 27% · $316K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Aubrey Lee Brooks 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers scholarships to students at three North Carolina universities.

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Provided by the organization

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1 program · $856K · in their own filed words · FY2024
01

Provided 62 students with scholarship funds through the university of north carolina at chapel hill, north carolina state university in raleigh, and the university of north carolina at greensboro.

$856Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 18 grants · $4.9M · 2019–2024
Unitemized GrantFY2024$405,328
Unitemized GrantFY2024$356,507
Unitemized GrantFY2024$94,558
Unitemized GrantFY2023$409,702
Unitemized GrantFY2023$398,784
Unitemized GrantFY2023$91,921
Unitemized GrantFY2022$341,124
Unitemized GrantFY2022$237,673
Unitemized GrantFY2022$128,211
Unitemized GrantFY2021$358,968
Unitemized GrantFY2021$267,096
Unitemized GrantFY2021$158,615
Unitemized GrantFY2020$326,115
Unitemized GrantFY2020$304,019
Unitemized GrantFY2020$174,958
Unitemized GrantFY2019$389,879
Unitemized GrantFY2019$301,772
Unitemized GrantFY2019$159,068

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.7M
Ln 12
Investment incomeLn 3$2.7M
Money outPt IX
$1.2M
Ln 25
Programscol B$856K
Managementcol C$316K
Owns and owesPt X
$40.8M
net assets · Ln 32
Cash and savingsLn 1–2$393K
Total assetsLn 16$40.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$2.7M
Gains on assetsLn 7$351K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
SavingsLn 2$393K
Cash and savings togetherLn 1–2$393K
InvestmentsLn 11–13$40.5M
Total assetsLn 16$40.8M
LiabilitiesLn 26$0
Net assetsLn 32$40.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$532K$393K
InvestmentsLn 11–13$37.3M$40.5M
Total assetsLn 16$37.8M$40.8M
LiabilitiesLn 26$0$0
Net assetsLn 32$37.8M$40.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$856K$856K
Management feesLn 11a$129K$129K
Investment management feesLn 11f$185K$185K
Office expensesLn 13$2K$2K
Total functional expensesLn 25$1.2M$856K$316K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.7M$1.2M$1.5M$40.8M 990 PDF
FY2024 $1.4M$1.2M$156K$37.8M 990 PDF
FY2023 $940K$865K$75K$34.2M 990 PDF
FY2022 $2.7M$1.2M$1.5M$32.0M 990 PDF
FY2021 $2.5M$1.1M$1.3M$37.9M 990 PDF
FY2020 $1.3M$1.0M$253K$30.3M 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 FY2025 990 (6 parts)
Part I · Summary $2,712,917 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,396,166$2,712,917
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,396,166$2,712,917
I-13 Grants and similar amounts paidPrior year $900,407$856,393
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $339,730$315,639
I-18 Total expensesPrior year $1,240,137$1,172,032
I-19 Revenue less expensesPrior year $156,029$1,540,885
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,712,917 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $2,362,414$2,362,414
VIII-7 Net gain or loss on sales of assetsExcluded from tax $350,503$350,503
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,712,917$2,712,917
Part IX · Statement of functional expenses $1,172,032 across 4 lines filed
IX-2 Grants to domestic individualsPrograms $856,393$856,393
IX-11a Management feesManagement $129,446$129,446
IX-11f Investment management feesManagement $184,673$184,673
IX-13 Office expensesManagement $1,520$1,520
IX-25 Total functional expensesPrograms $856,393 · Management $315,639 · Fundraising $0$1,172,032
Part X · Balance sheet $40,847,002 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $531,786$392,579
X-11 Publicly traded securitiesStart of year $37,254,343$40,454,423
X-16 Total assetsStart of year $37,786,129$40,847,002
X-26 Total liabilitiesStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $37,786,129$40,847,002
X-32 Total net assets or fund balancesStart of year $37,786,129$40,847,002
X-33 Total liabilities and net assetsStart of year $37,786,129$40,847,002
Part XI · Reconciliation of net assets $40,847,002 net assets at year end
XI-1 Total revenue$2,712,917
XI-2 Total expenses$1,172,032
XI-3 Revenue less expenses$1,540,885
XI-4 Net assets at start of year$37,786,129
XI-5 Net unrealized gains (losses) on investments$1,519,988
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$40,847,002

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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