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Nonprofiteer
← MOSES BROWN SCHOOL FOUNDATION

Form 990 for tax year 2022

Filed by MOSES BROWN SCHOOL FOUNDATION.

Totals

Total revenue
$3,102,783
Total expenses
$2,257,078
Contributions and grants received
$1,384,214
Grants paid
$2,164,265
Program service revenue
$0
Investment income
$1,718,569
Other revenue
$0
Total assets, end of year
$49,407,329
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$49,407,329
Program services expenses (Part IX)
$2,164,265
Management and general expenses
$92,813
Fundraising expenses
$0
Program service expenses (Part III)
$2,164,265

Program services were 95.9% 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.

  • 1d · Related organizations

    $1,384,214

  • 3 · Investment income

    total $622,161 · excluded $622,161

  • 7a · Gross sales of assets other than inventory

    securities $4,084,818

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

    securities $2,988,410

  • 7c · Gain or loss

    securities $1,096,408

  • 7d · Net gain or loss

    total $1,096,408 · excluded $1,096,408

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,164,265 · program services $2,164,265

  • 11f · Fees: investment management

    total $92,813 · management and general $92,813

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $272,490 · end of year $467,971

  • 11 · Investments: publicly traded securities

    beginning of year $30,001,525 · end of year $32,281,133

  • 12 · Investments: other securities

    beginning of year $16,470,347 · end of year $16,658,225

  • 27 · Net assets without donor restrictions

    beginning of year $13,989,312 · end of year $14,566,824

  • 28 · Net assets with donor restrictions

    beginning of year $32,755,050 · end of year $34,840,505

Mission and programs · 2022

Mission

MOSES BROWN SCHOOL FOUNDATION OPERATES EXCLUSIVELY FOR THE SUPPORT AND BENEFIT OF MOSES BROWN SCHOOL, A NON-PROFIT EDUCATIONAL INSTITUTION IN PROVIDENCE, RHODE ISLAND. THE FOUNDATION HOLDS AN ENDOWMENT FUND THAT IS INVESTED IN A MEDIUM THROUGH WHICH FUTURE AS WELL AS PRESENT FINANCIAL NEEDS OF THE SCHOOL MAY BE FULFILLED.

Activities or mission (Part I)

TO HOLD AND MANAGE AN ENDOWMENT FOR THE SUPPORT AND BENEFIT OF MOSES BROWN SCHOOL.

  • THE FOUNDATION HOLDS THE ENDOWMENT ASSETS FOR THE BENEFIT OF MOSES BROWN SCHOOL, AND ASSUMES RESPONSIBILITY FOR THE PRUDENT INVESTING OF THE INVESTMENTS TO MAXIMIZE LONG-TERM GROWTH AND INCOME TO SUPPORT THE SCHOOL'S OPERATIONS AND CAPITAL PROJECTS. INDIVIDUAL AND CORPORATE DONATIONS TO THE MOSES BROWN SCHOOL ARE CONTRIBUTED TO THE SCHOOL AND THE SCHOOL MAKES MONTHLY TRANSFERS TO THE FOUNDATION FOR INVESTMENT, AND ON AN ANNUAL AND ONGOING BASIS, THE FOUNDATION MAKES GRANTS TO THE SCHOOL FOR APPROPRIATIONS FOR EXPENDITURES.

    Expenses $2,164,265 · Grants $2,164,265

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Shaun Levesque

    TRUSTEE, TREASURER MOSES B

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Reza Taleghani

    TRUSTEE, CLERK MOSES BROWN

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jane Ritson-Parsons

    TRUSTEE, CLERK MOSES BROWN

    Total calculated
    $0
    Hours/week
    1 + 3 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

  • MOSES BROWN SCHOOL

    $2,164,265

    SUPPORT FOR THE GENERAL OPERATIONS OF MOSES BROWN SCHOOL

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MOSES BROWN SCHOOL HOLDINGS INCORPORATED

    C · TITLE HOLDING COMPANY · RI

    Directly controlled by MOSES BROWN SCHOOL INCORPORATED

  • MOSES BROWN SCHOOL FACILITIES INCORPORATED

    C · TITLE HOLDING COMPANY · RI

    Directly controlled by MOSES BROWN SCHOOL INCORPORATED

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349319277

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