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Nonprofiteer
← BROOKE OWENS FELLOWSHIP

Form 990 for tax year 2022

Filed by BROOKE OWENS FELLOWSHIP.

Totals

Total revenue
$605,987
Total expenses
$496,516
Contributions and grants received
$551,326
Grants paid
$149,313
Program service revenue
$0
Investment income
$0
Other revenue
$54,661
Total assets, end of year
$1,241,079
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,241,079
Program services expenses (Part IX)
$478,824
Management and general expenses
$17,692
Fundraising expenses
$0
Program service expenses (Part III)
$478,824

Program services were 96.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $551,326

  • 1g · Noncash contributions included above

    $4,020

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $50,000

  • 8c · Net income from fundraising events

    total $50,000 · excluded $50,000

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Misc. Income

    total $4,661 · excluded $4,661

  • 11e · Other revenue, total

    $4,661

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $149,313 · program services $149,313

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $31,575 · program services $31,575

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $14,918 · program services $14,918

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $19 · management and general $19

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $6,114 · program services $6,114

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $16,052 · management and general $16,052

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $286 · program services $286

  • 17 · Travel

    total $741 · program services $741

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $270,495 · program services $270,495

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Summit Expenses

    total $5,356 · program services $5,356

  • 24b · Other expenses: Postage and Shipping

    total $1,610 · management and general $1,610

  • 24c · Other expenses: Meals

    total $26 · program services $26

  • 24d · Other expenses: Printing and Publications

    total $11 · management and general $11

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,149,284 · end of year $641,079

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $1,000 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $600,000

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,150,284 · end of year $1,241,079

Mission and programs · 2022

Mission

Created to honor the legacy of a beloved space industry pioneer and accomplished pilot, Dawn Brooke Owens (1980 2016), the Brooke Owens Fellowship is designed to serve both as an inspiration and as a career boost to capable young women and other gender minorities who, like Brooke, aspire to explore our sky and stars, to shake up the aerospace industry, and to help their fellow people here on planet Earth. We do this by matching up to forty students per year with purpose-driven, paid internships at leading aerospace companies and organizations and with senior and executive level mentors.

  • Our organizations accomplishments for 2022 include:a. The Brooke Owens Fellowship provides around 40 women and gender-minority undergraduate students with summer internships at leading aerospace organizations and Executive Mentorship from leaders in the aerospace industry.b. In 2022, the Brooke Owens Fellowship welcomed its sixth class of Brooke Owens Fellows, matching 51 students to internships at SpaceX, Blue Origin, NASA, and others.c. The Brooke Owens Fellowship founded a spinoff program, the Patti Grace Smith Fellowship in 2020, which provides around 40 African-American and Black American undergraduate students with their first aerospace industry internship experience, and matches them to Executive-level leaders in the aerospace industry.e. In 2022, the spinoff program Patti Grace Smith Fellowship welcomed its second class of Patti Grace Smith Fellows, matching 39 Black and African-American undergraduate students to internships at aerospace industry organizations, giving each student a $2,000 cash grant, and matching the students to Executive mentors in the aerospace industry.f. Over 100 students from the Brooke Owens Fellowship and its spinoff program participated in a 5-day Summit, held where they participated in leadership-building activities like delivering a team Grand Challenge solution, received Executive mentoring, and heard from aerospace panels of experts.

    Expenses $478,824 · Grants $149,313

As filed on the 2022 return.

Listed in Part VII

  • Virginia Randall

    Operations Dir.

    Total calculated
    $31,575
    From this org
    $31,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • William Pomerantz

    Director

    Total calculated
    $0
    Hours/week
    10
  • Caroline Juang

    Executive Dir.

    Total calculated
    $0
    Hours/week
    20
  • Kayla Watson

    Director

    Total calculated
    $0
    Hours/week
    20
  • Diana Trujillo

    Director

    Total calculated
    $0
    Hours/week
    10
  • Emily Calandrelli

    Director

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
27 September 2023
IRS schema version
2022v5.0
Source object
202322709349300417

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