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Nonprofiteer
← BROWNELL TALBOT FOUNDATION

Form 990 for tax year 2023

Filed by BROWNELL TALBOT FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 13 May 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$12,007,495 changed to $4,478,686
Total expenses
$40 changed to $483,654
Contributions and grants received
$12,007,248 changed to $4,381,969
Investment income
$247 changed to $96,717
Total assets, end of year
$12,091,917 changed to $16,968,289
Total liabilities, end of year
$0 changed to $885,110
Net assets or fund balances, end of year
$12,091,917 changed to $16,083,179
Management and general expenses
$40 changed to $189,920
Fundraising expenses
$0 changed to $293,734

Listed under a different title

  • SHARI JENSEN: EXEC DIR OF BUSINESS AND FINANCE then EXECUTIVE DIRECTOR

Totals

Total revenue
$4,478,686
Total expenses
$483,654
Contributions and grants received
$4,381,969
Grants paid
$0
Program service revenue
$0
Investment income
$96,717
Other revenue
$0
Total assets, end of year
$16,968,289
Total liabilities, end of year
$885,110
Net assets or fund balances, end of year
$16,083,179
Program services expenses (Part IX)
$0
Management and general expenses
$189,920
Fundraising expenses
$293,734
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $4,381,969

  • 3 · Investment income

    total $96,717 · excluded $96,717

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $293,570 · fundraising $293,570

  • 11b · Fees: legal

    total $131 · management and general $131

  • 11c · Fees: accounting

    total $3,600 · management and general $3,600

  • 13 · Office expenses

    total $186,353 · management and general $186,189 · fundraising $164

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,075

  • 2 · Savings and temporary cash investments

    beginning of year $33,732 · end of year $3,381,897

  • 3 · Pledges and grants receivable

    beginning of year $11,972,648 · end of year $11,773,202

  • 15 · Other assets

    beginning of year $84,462 · end of year $1,813,190

  • 17 · Accounts payable and accrued expenses

    end of year $492,723

  • 25 · Other liabilities

    beginning of year $0 · end of year $392,387

  • 27 · Net assets without donor restrictions

    end of year -$13,522

  • 28 · Net assets with donor restrictions

    beginning of year $12,091,917 · end of year $16,096,701

Mission and programs · 2023

Mission

TO PROVIDE FINANCIAL SUPPORT TO BROWNELL-TALBOT SCHOOL, SUBJECT TO AND IN FURTHERANCE OF THE STRATEGIC PLAN DETERMINED BY THE BOARD OF TRUSTEES OF THE SCHOOL.

Activities or mission (Part I)

TO PROVIDE FINANCIAL SUPPORT TO BROWNELL-TALBOT SCHOOL.

  • THE BROWNELL-TALBOT FOUNDATION'S PRIMARY PURPOSE IS TO RAISE FUNDS FOR THE CAPITAL CAMPAIGN AND PAY OUT THE RELATED COSTS FOR THE CONSTRUCTION.

As filed on the 2023 return.

Listed in Part VII

  • W DAVID SCOTT

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DEAN HOLLIS

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MEGAN BELCHER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN KOTOUC

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • LAURA CROSBY

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • DINY LANDEN

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • JERRY REIMER

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • DR KRISTI GIBBS

    HEAD OF SCHOOL

    Total calculated
    $313,067
    From this org
    $0
    From related orgs
    $270,582
    Other
    $42,485
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,865 related
    Bonus
    $0 + $15,247 related
    Other
    $0 + $16,470 related
    Deferred
    $0 + $11,943 related
    Nontaxable benefits
    $0 + $30,542 related
    Filer's total
    $0 + $313,067 related

  • SHARI JENSEN

    EXECUTIVE DIRECTOR

    Total calculated
    $156,660
    From this org
    $0
    From related orgs
    $133,997
    Other
    $22,663
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $130,637 related
    Bonus
    $0
    Other
    $0 + $3,360 related
    Deferred
    $0 + $7,300 related
    Nontaxable benefits
    $0 + $15,363 related
    Filer's total
    $0 + $156,660 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
BROWNELL-TALBOT SCHOOL, A RELATED ORGANIZATION, USES A WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH COMPENSATION OF THE HEAD OF SCHOOL.
PART I, LINE 7
THE HEAD OF SCHOOL OF BROWNELL-TALBOT, A RELATED ORGANIZATION, CAN EARN AN ANNUAL BONUS BASED ON SURPASSING BROWNELL-TALBOT'S SHORT-TERM EDUCATIONAL, OPERATIONAL, AND FINANCIAL OBJECTIVES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations 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
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202521289349302542

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