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Nonprofiteer
← BRODY FOUNDATION INC

Form 990 for tax year 2024

Filed by BRODY FOUNDATION INC.

Totals

Total revenue
$645,574
Total expenses
$520,963
Contributions and grants received
$251
Grants paid
$432,500
Program service revenue
$0
Investment income
$645,323
Other revenue
$0
Total assets, end of year
$12,712,095
Total liabilities, end of year
$3,877
Net assets or fund balances, end of year
$12,708,218
Program services expenses (Part IX)
$456,316
Management and general expenses
$64,647
Fundraising expenses
$0
Program service expenses (Part III)
$456,316

Program services were 87.6% 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

    $251

  • 3 · Investment income

    total $188,674 · unrelated business $285 · excluded $188,389

  • 7a · Gross sales of assets other than inventory

    securities $2,838,938

  • 7b · Less cost or other basis and sales expenses

    securities $2,382,289

  • 7c · Gain or loss

    securities $456,649

  • 7d · Net gain or loss

    total $456,649 · excluded $456,649

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $432,500 · program services $432,500

  • 11c · Fees: accounting

    total $12,250 · management and general $12,250

  • 11f · Fees: investment management

    total $49,693 · management and general $49,693

  • 13 · Office expenses

    total $644 · management and general $644

  • 23 · Insurance

    total $2,060 · management and general $2,060

  • 24a · Other expenses: EVENTS

    total $18,454 · program services $18,454

  • 24b · Other expenses: PROFESSIONAL DEVELOPMEN

    total $4,327 · program services $4,327

  • 24c · Other expenses: SERVICE PROJECT

    total $677 · program services $677

  • 24d · Other expenses: PROGRAM SUPPLIES

    total $358 · program services $358

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $9,173,636 · end of year $8,718,080

  • 12 · Investments: other securities

    beginning of year $3,508,057 · end of year $3,994,015

  • 17 · Accounts payable and accrued expenses

    beginning of year $467,069 · end of year $3,877

  • 27 · Net assets without donor restrictions

    beginning of year $11,652,811 · end of year $12,146,405

  • 28 · Net assets with donor restrictions

    beginning of year $561,813 · end of year $561,813

Mission and programs · 2024

Mission

TO ACQUIRE, RETAIN AND ADMINISTER A FUND, OR FUNDS, TO BE HELD, INVESTED AND USED FOR THE BENEFIT OF ECU MEDICAL & HEALTH SCIENCES FOUNDATION, INC.

Activities or mission (Part I)

SEE SCHEDULE O

  • THE FOUNDATION DISTRIBUTES FUNDS TO ECU MEDICAL & HEALTH SCIENCES FOUNDATION, INC. TO ENDOW CHAIRS FOR PROFESSORS IN THE ECU SCHOOL OF MEDICINE, TO PROVIDE RESEARCH GRANTS FOR FACULTY MEMBERS & SCHOLARSHIP FUNDS FOR STUDENTS.

    Expenses $456,316 · Grants $432,500

As filed on the 2024 return.

Listed in Part VII

  • Hyman J Brody

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David S Brody

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Amanda G Austin MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew M Southerland MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William C Taylor MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • R Douglas Barrow MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jill E Camnitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thad C West MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jordy Wichard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cedric Bright MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Waldrum MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Herbert G Garrison MD

    SENIOR ADVISOR

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Scott Senatore

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 40 related

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202601359349304930

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