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← EDDIE C AND C SYLVIA BROWN FAMILY FOUNDATION INC

Form 990 for tax year 2024

Filed by EDDIE C AND C SYLVIA BROWN FAMILY FOUNDATION INC.

Totals

Total revenue
$227,482
Total expenses
$212,280
Contributions and grants received
$0
Grants paid
$171,326
Program service revenue
$0
Investment income
$227,482
Other revenue
$0
Total assets, end of year
$3,903,906
Total liabilities, end of year
$19,204
Net assets or fund balances, end of year
$3,884,702
Program services expenses (Part IX)
$171,326
Management and general expenses
$40,954
Fundraising expenses
$0
Program service expenses (Part III)
$171,326

Program services were 80.7% 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.

  • 3 · Investment income

    total $44,637 · excluded $44,637

  • 7a · Gross sales of assets other than inventory

    securities $473,700

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

    securities $290,855

  • 7c · Gain or loss

    securities $182,845

  • 7d · Net gain or loss

    total $182,845 · excluded $182,845

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $171,326 · program services $171,326

  • 11c · Fees: accounting

    total $3,360 · management and general $3,360

  • 11f · Fees: investment management

    total $588 · management and general $588

  • 13 · Office expenses

    total $1,576 · management and general $1,576

  • 24a · Other expenses: ADMINISTRATIVE EXPENSES

    total $35,430 · management and general $35,430

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $23,110 · end of year $91,220

  • 11 · Investments: publicly traded securities

    beginning of year $2,481,846 · end of year $2,630,619

  • 12 · Investments: other securities

    beginning of year $1,095,252 · end of year $1,182,067

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,313 · end of year $19,204

  • 27 · Net assets without donor restrictions

    beginning of year $3,591,895 · end of year $3,884,702

Mission and programs · 2024

Mission

THE PRIMARY MISSION AND EXEMPT PURPOSE OF THE EDDIE C. AND C. SYLVIA BROWN FAMILY FOUNDATION, INC. IS TO SUPPORT THE CHARITABLE PURPOSE OF THE BALTIMORE COMMUNITY FOUNDATION, INC. THROUGH THE DISTRIBUTION OF GRANTS TO NON-PROFIT ORGANIZATIONS.

Activities or mission (Part I)

SUPPORT THE BALTIMORE COMMUNITY FOUNDATION, INC. THROUGH THE DISTRIBUTION OF GRANTS TO NON-PROFIT ORGANIZATIONS.

  • TO CARRY OUT THE PURPOSE OF THE BALTIMORE COMMUNITY FOUNDATION, INC. THROUGH THE DISTRIBUTION OF GRANTS TO NON-PROFIT ORGANIZATIONS.

    Expenses $171,326 · Grants $171,326

As filed on the 2024 return.

Listed in Part VII

  • Shanaysha Sauls

    DIRECTOR

    Total calculated
    $337,197
    From this org
    $0
    From related orgs
    $307,869
    Other
    $29,328
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $268,335 related
    Bonus
    $0 + $38,934 related
    Other
    $0 + $600 related
    Deferred
    $0 + $25,172 related
    Nontaxable benefits
    $0 + $4,156 related
    Filer's total
    $0 + $337,197 related

  • Jennifer Bunkley

    PRESIDENT/SECRETARY

    Total calculated
    $0
    Hours/week
    0.1

  • C Sylvia Brown

    VICE PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    0.1

  • Vernon Reid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Monica Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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:
THE FOUNDATION RELIES ON THE BALTIMORE COMMUNITY FOUNDATION, A RELATED ORGANIZATION, TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S DIRECTOR. OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND THE APPROVAL BY THE BALTIMORE COMMUNITY FOUNDATION USES A COMPENSATION COMMITTEE, FORM 990 THE BOARD OR COMPENSATION COMMITTEE.

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

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
14 April 2025
IRS schema version
2024v5.1
Source object
202511079349300706

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