Totals
- Total revenue
- $300,714
- Total expenses
- $294,589
- Contributions and grants received
- $300,714
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $6,125
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $6,125
- Program services expenses (Part IX)
- $254,884
- Management and general expenses
- $39,705
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $254,884
Program services were 86.5% 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
$300,714
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $22,323 · program services $18,096 · management and general $4,227
-
9 · Other employee benefits
total $791 · program services $791
-
10 · Payroll taxes
total $6,295 · program services $4,806 · management and general $1,489
-
11a · Fees: management
total $49,423 · program services $31,042 · management and general $18,381
-
11b · Fees: legal
total $10,000 · program services $10,000
-
11c · Fees: accounting
total $773 · program services $773
-
11g · Fees: other
total $3,788 · program services $3,788
-
12 · Advertising and promotion
total $14,708 · program services $14,708
-
16 · Occupancy
total $19,092 · program services $19,092
-
17 · Travel
total $17,548 · program services $11,940 · management and general $5,608
-
19 · Conferences, conventions and meetings
total $6,348 · program services $6,348
-
23 · Insurance
total $912 · program services $912
-
24a · Other expenses: EVENT EXPENSE
total $92,791 · program services $92,791
-
24b · Other expenses: DEVELOPMENT EXPENSE
total $25,703 · program services $15,703 · management and general $10,000
-
24c · Other expenses: SCHOLARSHIP EXPENSE
total $14,000 · program services $14,000
-
24d · Other expenses: SCHOLAR FUND EXPENSES
total $7,366 · program services $7,366
-
24e · All other expenses
total $2,728 · program services $2,728
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $6,125
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $6,125
Mission and programs · 2024
Mission
THE ED BROWN SOCIETY IS COMMITTED TO HONORING THE RICH LEGACY OF AFRICAN AMERICANS IN THE EQUINE INDUSTRY WHILE CREATING PATHWAYS FOR ALL YOUNG PEOPLE TO GAIN INDUSTRY EXPOSURE, TRAINING, AND PROFESSIONAL EXPERIENCE.
-
THE ED BROWN SOCIETY SUPPORTS SCHOLARS AND FELLOWS FROM UNDERPRESENTED BACKGROUNDS WHO DEMONSTRATE ACADEMIC EXCELLENCE AND COMMITTMENT TO CAREER PURSUITS IN THE EQUINE INDUSTRY WITH SCHOLARSHIPS.
Expenses $152,760 · Revenue $228,430
-
ED BROWN RACE DAY EVENTS ARE EVENTS AT ICONIC THOROUGHBRED RACING VENUES ON CHAMPIONSHIP RACE DAYS. THESE EVENTS ARE A COMPONENT OF THE ED BROWN SOCIETY AND PARTNERS TO CULTIVATE A BROADER FAN BASE AND PROMOTE THE SPORT TO A WIDER RANGE OF PROSPECTIVE THOROUGHBRED OWNERS.
Expenses $102,124 · Revenue $72,284
As filed on the 2024 return.
Listed in Part VII
-
Katrice AlbertKATRICE ALBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kathy EdwardsKATHY EDWARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lawrence HerringLAWRENCE HERRING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Anthony HollomanANTHONY HOLLOMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Christian MotleyCHRISTIAN MOTLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ashley SmithASHLEY SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jason WilsonJASON WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Anthony WrightANTHONY WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Greg HarbutGREG HARBUT
CHAIRMAN
- Total calculated
- $5,000
- From this org
- $5,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Clark WillimasCLARK WILLIMAS
PRESIDENT
- Total calculated
- $16,250
- From this org
- $16,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 15
-
Danny MurphyDANNY MURPHY
TRESURER
- Total calculated
- $0
- Hours/week
- 2
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
- 2024
- Filed
- 18 June 2025
- IRS schema version
- 2024v5.1
- Source object
- 202501829349300800
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