Brit Foundation FY2022 filing

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The Foundation holds and maintains the long-term investments for the benefit of a 501(c)(3) entity, botanical research institute of texas. Foundation is a supporting entity of the botanical research institute of texas under irc section 509(a)(1).

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-3290786) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $2.0M a year · 257% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
0.3 mo
of spending, in cash
Plus $65.3M in investments, Pt X · Ln 11–13
0.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $36K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$55K
-90% vs prior year
Spent
$2.5M
To programs
99%
Net assets
$65.3M
By yearFY2020–FY2024
Revenue
$55K
FY2022▼ -90%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.7M
FY2021$531K
FY2022$55K
FY2023$146K
FY2024$381K
Expenses
$2.5M
FY2022▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.6M
FY2021$2.9M
FY2022$2.5M
FY2023$2.9M
FY2024$2.8M
Net assets
$65.3M
FY2022▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020$69.2M
FY2021$76.9M
FY2022$65.3M
FY2023$71.4M
FY2024$76.6M

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 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 2018.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $2.5M Management & general 1% · $20K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Member, Board of Directors
$0Pt VII · Sec A
Member, Board of Directors
$0Pt VII · Sec A
Member, Board of Directors
$0Pt VII · Sec A
Member, Board of Directors
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Brit Foundation executive salaries →

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

Programs and updates

Manages long-term investments to support botanical research.

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1 program · $2.5M · in their own filed words · FY2022
01

Fund management

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-3290786) · Dispute this line
$2.5Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$36K
Grants paid · 5 grants · $13.5M · 2020–2024

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$55K
Ln 12
Gifts and grantsLn 1h$48K
Investment incomeLn 3$6K
Money outPt IX
$2.5M
Ln 25
Programscol B$2.5M
Managementcol C$20K
Owns and owesPt X
$65.3M
net assets · Ln 32
Cash and savingsLn 1–2$65K
Total assetsLn 16$65.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48K
Investment incomeLn 3$6K
Total revenueLn 12$55K
Assets in detailPt X, end of year
CashLn 1$65K
Cash and savings togetherLn 1–2$65K
InvestmentsLn 11–13$65.3M
Total assetsLn 16$65.3M
LiabilitiesLn 26$0
Net assetsLn 32$65.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY22FY21FY20FY19FY18
End of yearLn 1g$65.3M$76.9M$69.2M$63.2M$56.5M
AddedLn 1b$48K$282K$1.8M$1.9M$62.0M
SpentLn 1d–1f$2.5M$2.9M$2.6M$2.8M$2.2M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$2.6M$65K
InvestmentsLn 11–13$74.3M$65.3M
Total assetsLn 16$76.9M$65.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$76.9M$65.3M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.5M$2.5M
Legal feesLn 11b$15K$15K
Office expensesLn 13$1K$1K
InsuranceLn 23$4K$4K
Total functional expensesLn 25$2.5M$2.5M$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Aug 14, 2025 $381K$2.8M−$2.4M$76.6M 990 PDF
FY2023Filed with the IRS Aug 29, 2024 $146K$2.9M−$2.7M$71.4M 990 PDF
FY2022 ViewingFiled with the IRS Sep 25, 2023 $55K$2.5M−$2.4M$65.3M 990 PDF
FY2021Filed with the IRS Sep 2, 2022 $531K$2.9M−$2.4M$76.9M 990 PDF
FY2020Filed with the IRS Jul 30, 2021 $2.7M$2.6M$104K$69.2M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $54,640 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $282,250$48,234
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $248,467$6,406
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $530,717$54,640
I-13 Grants and similar amounts paidPrior year $2,852,985$2,475,775
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 $35,956$19,772
I-18 Total expensesPrior year $2,888,941$2,495,547
I-19 Revenue less expensesPrior year −$2,358,224−$2,440,907
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $54,640 across 4 lines filed
VIII-1f All other contributions, gifts and grants$48,234
VIII-1h Total contributions, gifts and grants$48,234
VIII-3 Investment incomeExcluded from tax $6,406$6,406
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $6,406$54,640
Part IX · Statement of functional expenses $2,495,547 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $2,475,775$2,475,775
IX-11b Legal feesManagement $14,750$14,750
IX-13 Office expensesManagement $1,035$1,035
IX-23 InsuranceManagement $3,987$3,987
IX-25 Total functional expensesPrograms $2,475,775 · Management $19,772 · Fundraising $0$2,495,547
Part X · Balance sheet $65,331,909 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $2,615,281$64,979
X-12 Other securitiesStart of year $74,254,852$65,266,930
X-16 Total assetsStart of year $76,870,133$65,331,909
X-26 Total liabilitiesStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $76,870,133$65,331,909
X-32 Total net assets or fund balancesStart of year $76,870,133$65,331,909
X-33 Total liabilities and net assetsStart of year $76,870,133$65,331,909
Part XI · Reconciliation of net assets $65,331,909 net assets at year end
XI-1 Total revenue$54,640
XI-2 Total expenses$2,495,547
XI-3 Revenue less expenses−$2,440,907
XI-4 Net assets at start of year$76,870,133
XI-5 Net unrealized gains (losses) on investments−$9,097,317
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$65,331,909

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

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