Skip to content
Nonprofiteer
← BROWN FACULTY CLUB

Form 990 for tax year 2024

Filed by BROWN FACULTY CLUB.

Totals

Total revenue
$671,962
Total expenses
$1,339,596
Contributions and grants received
$2,700
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$669,262
Total assets, end of year
$14,492
Total liabilities, end of year
$7,272,204
Net assets or fund balances, end of year
-$7,257,712
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1b · Membership dues

    $2,700

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $919,356

  • 10b · Cost of goods sold

    $250,094

  • 10c · Net income from sales of inventory

    total $669,262 · related or exempt $669,262

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $762,190

  • 8 · Pension plan contributions

    total $56,927

  • 9 · Other employee benefits

    total $111,665

  • 10 · Payroll taxes

    total $50,359

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $125,172

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $63,081

  • 14 · Information technology

    total $35,571

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $124,520

  • 17 · Travel

    total $1,048

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: OTHER EXPENSE

    total $9,063

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $400 · end of year $400

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $12,687 · end of year $14,092

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,777 · end of year $5,885

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,719 · end of year $1,719

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $6,594,669 · end of year $7,264,600

  • 27 · Net assets without donor restrictions

    beginning of year -$6,590,078 · end of year -$7,257,712

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

THE BROWN FACULTY CLUB SUPPORTS BROWN UNIVERSITY, A TAX EXEMPT ORGANIZATION. THE BROWN FACULTY CLUB IS A NON PROFIT ORGANIZATION ESTABLISHED TO PROMOTE THE SOCIAL AND LITERARY CULTURE OF BROWN UNIVERSITY. THE BROWN FACULTY CLUB PROVIDES A MEETING PLACE FOR MANY BROWN UNIVERSITY COMMUNITY ORGANIZATIONS AND IT ALSO SERVES MEALS TO THE BROWN UNIVERSITY FACULTY AND STAFF.

Activities or mission (Part I)

SEE SCHEDULE O.

  • THE BROWN FACULTY CLUB SUPPORTS BROWN UNIVERSITY, A TAX EXEMPT ORGANIZATION. THE BROWN FACULTY CLUB IS A NON PROFIT ESTABLISHED TO PROMOTE THE SOCIAL AND LITERARY CULTURE OF BROWN UNIVERSITY. THE BROWN FACULTY CLUB PROVIDES A MEETING PLACE FOR MANY BROWN UNIVERSITY ORGANIZATIONS, AND IT ALSO SERVES MEALS TO THE BROWN UNIVERSITY FACULTY/STAFF.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christina Paxson

    PRESIDENT

    Total calculated
    $1,953,784
    From this org
    $0
    From related orgs
    $1,433,165
    Other
    $520,619
    Hours/week
    0.5 + 56.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,330,165 related
    Bonus
    $0
    Other
    $0 + $103,000 related
    Deferred
    $0 + $384,500 related
    Nontaxable benefits
    $0 + $136,119 related
    Filer's total
    $0 + $1,953,784 related

  • Sergio Gonzalez

    VICE PRESIDENT

    Total calculated
    $1,029,054
    From this org
    $0
    From related orgs
    $969,809
    Other
    $59,245
    Hours/week
    0.5 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $763,014 related
    Bonus
    $0 + $84,392 related
    Other
    $0 + $122,403 related
    Deferred
    $0 + $27,600 related
    Nontaxable benefits
    $0 + $31,645 related
    Filer's total
    $0 + $1,029,054 related

  • Sarah Latham

    TREASURER

    Total calculated
    $902,879
    From this org
    $0
    From related orgs
    $864,711
    Other
    $38,168
    Hours/week
    0.5 + 55.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $818,711 related
    Bonus
    $0
    Other
    $0 + $46,000 related
    Deferred
    $0 + $27,600 related
    Nontaxable benefits
    $0 + $10,568 related
    Filer's total
    $0 + $902,879 related

  • George Barboza

    SECRETARY

    Total calculated
    $264,473
    From this org
    $0
    From related orgs
    $220,514
    Other
    $43,959
    Hours/week
    0.5 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,606 related
    Bonus
    $0
    Other
    $0 + $22,908 related
    Deferred
    $0 + $22,908 related
    Nontaxable benefits
    $0 + $21,051 related
    Filer's total
    $0 + $264,473 related

  • Eric Estes

    FORMER SECRETARY

    Total calculated
    $224,678
    From this org
    $0
    From related orgs
    $182,072
    Other
    $42,606
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $180,238 related
    Bonus
    $0
    Other
    $0 + $1,834 related
    Deferred
    $0 + $14,674 related
    Nontaxable benefits
    $0 + $27,932 related
    Filer's total
    $0 + $224,678 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:
THE PRESIDENT'S COMPENSATION PACKAGE IS ESTABLISHED BY THE UNIVERSITY USING SEVERAL DIFFERENT TOOLS, INCLUDING: A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, A COMPENSATION SURVEY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
SCHEDULE J, PART I, LINE 4B:
TERMS & CONDITIONS OF SUPPLEMENTAL RETIREMENT PLAN AND PAYMENT IN CALENDAR YEAR 2024: EFFECTIVE JULY 24, 2024, THE UNIVERSITY MADE AN ADDENDUM, THE THIRD ADDENDUM, TO THE PRESIDENT'S DEFERRED COMPENSATION AGREEMENT. UNDER THE PLAN THE ORGANIZATION DEPOSITS CERTAIN AMOUNTS TO THE PRESIDENT'S DEFERRED COMPENSATION ACCOUNT EACH JUNE 20TH THROUGH JUNE 30, 2025. SUCH AMOUNTS VEST OVER THE COURSE OF THE AGREEMENT SO LONG AS THE PRESIDENT REMAINS CONTINUOUSLY EMPLOYED BY THE UNIVERSITY THROUGH EACH VESTED DATE. NO AMOUNTS VESTED UNDER THIS PLAN IN 2024.

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.

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.

  • CHARITABLE GIFT ANNUITY FUND (2)

    TRUST · SUPPORT · MA

    Directly controlled by NA

  • CHARITABLE REMAINDER ANNUITY TRUST (6)

    TRUST · SUPPORT · MA

    Directly controlled by NA

  • CHARITABLE REMAINDER UNITRUST (70)

    TRUST · SUPPORT · MA

    Directly controlled by NA

  • POOLED INCOME (3)

    TRUST · SUPPORT · MA

    Directly controlled by NA

  • BROWN CAYMAN I

    C CORP · INVESTMENTS · CJ · controlled entity

    Directly controlled by BROWN

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.2
Source object
202621319349306142

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.