Civic Intelligence

Brackett Foundation

990 • Fiscal year 2014 • EIN 16-1523586

Jan 01, 2014 to Dec 31, 2014 • Filed on May 28, 2015

PO Box 8Hamilton, NY 13346

(315) 824-3435

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • NTEE Q • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • NTEE Q • $500k-$1M nonprofits • Source year 2014

Net Margin

35th percentile

-4.9%

Higher net margin than 35% of similar nonprofits.

2014 filings • NTEE Q • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • NTEE Q • $500k-$1M nonprofits • Source year 2014

Asset Growth

40th percentile

-2.1%

Faster asset growth than 40% of similar nonprofits.

2014 filings • NTEE Q • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

22nd percentile

-16%

Faster revenue growth than 22% of similar nonprofits.

2014 filings • NTEE Q • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$729,126

Down $15,624 (-2.1%) from 2013

Net Assets

Down

$729,126

Down $15,624 (-2.1%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Down

$318,235

Down $60,835 (-16%) from 2013

Expenses

Up

$333,859

Up $8,094 (+2.5%) from 2013

Net Income

Down

-$15,624

Down $68,929 (-129%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $652,528Liabilities 2011: $0Net Assets 2011: $652,5282011Assets 2012: $691,445Liabilities 2012: $0Net Assets 2012: $691,4452012Assets 2013: $744,750Liabilities 2013: $0Net Assets 2013: $744,7502013Assets 2014: $729,126Liabilities 2014: $0Net Assets 2014: $729,1262014Assets 2015: $701,087Liabilities 2015: $0Net Assets 2015: $701,0872015Assets 2016: $836,751Liabilities 2016: $5,000Net Assets 2016: $831,7512016Assets 2017: $987,296Liabilities 2017: $20,075Net Assets 2017: $967,2212017Assets 2018: $828,486Liabilities 2018: $5,000Net Assets 2018: $823,4862018Assets 2019: $939,413Liabilities 2019: $0Net Assets 2019: $939,4132019Assets 2020: $1,111,592Liabilities 2020: $0Net Assets 2020: $1,111,5922020Assets 2021: $1,339,171Liabilities 2021: $0Net Assets 2021: $1,339,1712021Assets 2022: $1,000,543Liabilities 2022: $875Net Assets 2022: $999,6682022Assets 2023: $1,259,141Liabilities 2023: $0Net Assets 2023: $1,259,1412023

Highlighted filing

2014

Assets$729,126
Liabilities$0
Net Assets$729,126

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $336,347Expenses 2011: $268,155Net Income 2011: $68,1922011Expenses 2012: $279,5662012Revenue 2013: $379,070Expenses 2013: $325,765Net Income 2013: $53,3052013Revenue 2014: $318,235Expenses 2014: $333,859Net Income 2014: -$15,6242014Revenue 2015: $295,706Expenses 2015: $323,745Net Income 2015: -$28,0392015Revenue 2016: $322,954Expenses 2016: $359,215Net Income 2016: -$36,2612016Revenue 2017: $507,672Expenses 2017: $509,579Net Income 2017: -$1,9072017Revenue 2018: $329,159Expenses 2018: $379,253Net Income 2018: -$50,0942018Revenue 2019: $426,805Expenses 2019: $498,668Net Income 2019: -$71,8632019Revenue 2020: $578,403Expenses 2020: $460,768Net Income 2020: $117,6352020Revenue 2021: $501,794Expenses 2021: $497,305Net Income 2021: $4,4892021Revenue 2022: $492,611Expenses 2022: $518,048Net Income 2022: -$25,4372022Revenue 2023: $454,484Expenses 2023: $501,955Net Income 2023: -$47,4712023

Highlighted filing

2014

Revenue$318,235
Expenses$333,859
Net Income-$15,624
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 28, 2015
Return Version
2014v5.0
Gross Receipts
$408,521
Mission and Program Overview

Mission

Believing that the best hope for peace and happiness for mankind lies in education, we are dedicated to assisting refugees or displaced persons of any race,nationality, or creed to acquire an education. The focus is on refugees from Burma in Thailand, India,and Bangladesh.

Believing that the best hope for peace and happiness for mankind lies in education, we are dedicated to the task of assisting refugees or displaced persons of any race, nationality, or creed to acquire an education. The focus is on refugees from burma.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$531,554$563,597▲ $32,043
Savings and Temporary Cash Investments$125,323$99,560▼ $25,763
Cash and Non-Interest-Bearing Accounts$87,873$65,969▼ $21,904
Total Assets$744,750$729,126▼ $15,624
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$378,539$402,539▲ $24,000
Unrestricted Net Assets$331,211$316,587▼ $14,624
Temporarily Rstr Net Assets$35,000$10,000▼ $25,000
Total Net Assets Fund Balance$744,750$729,126▼ $15,624
Total Liabilities and Net Assets / Fund Balance$744,750$729,126▼ $15,624

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$427,725$24,000▲ $29,975$15,058$466,642
2013$397,690$24,000▲ $19,369$13,334$427,725
2012$371,437$25,000▲ $12,277$11,024$397,690
2011$294,132$75,000▲ $11,859$9,554$371,437
2010$216,471$77,500▲ $3,138$2,977$294,132
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dianne BeckerChairman
Russell BrackettExecutive Director
Thomas BrackettFormer Executive Director
Adger WilliamsTrustee
Deforest WinfieldTrustee
Doug OffenhartzTrustee
Mark SommerTrustee
Ted BrackettTrustee
Alyson IllichTrustee Through Oct 2014
Elizabeth BrackettFormer Treasurer Current Asst
Sally BrackettSecretary
J Phillip BrackettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$278,161
Program Service Revenue
$0
Investment Income
$40,074
Other Revenue
$0
All Other Contributions
$278,161
Change in Net Assets
$-15,624

Audited Revenue Reconciliation

Revenue per Audited Statements
$318,235
Revenue Not Reported on Form 990
$43,910
Total Revenue per Audited Statements
$362,145
Total Revenue per Form 990
$318,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$316,096
Other Expenses$17,763
Total Fundraising Expense$5,037
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$316,096--$316,096
Office Expenses$4,754-$5,037$9,791
Fees for Services Accounting$2,000$2,000-$4,000
Conferences and Meetings-$2,112-$2,112
Fees for Services Legal-$1,164-$1,164
Travel$696--$696
Total Functional Expenses$323,546$5,276$5,037$333,859

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$336,650
Expenses per Audited Statements$333,859
Total Expenses per Form 990$333,859
Expenses Not Reported on Form 990$2,791
International Activity

International Summary

Spending
$316,096

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificGrantmakingEduc Grants & Schol--$210,978
South AsiaGrantmakingEduc Grants & Schol--$105,118
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Part vi line 2 - yes - as follows: executive director and treasurer are brothers; former executive director and former treasurer (current asst treasurer) are their parents. Another brother and a sister serve on the board also.

Committee meeting documentation Part VI line 8B

Part vi line 8b - board meetings are documented; there are no committees besides the governing board that make decisions for this organization.

Form 990 governing body review Part VI line 11

Part vi line 11 - the treasurer and assistant treasurer assist in the preparation of the 990 and when required, they receive additional input from other board members or volunteers. These individuals review the 990 in detail with the preparer and the treasurer signs the return when the return is complete. The return is reviewed by members of the board before submission.

Officer director etc mailing address Part VI line 9

Part vi line 9 - all of the trustees' mailing addresses are available by contacting the foundation's office and may be reached through the foundation's mailing address.

Conflict of interest policy compliance Part VI line 12C

In 2014 the board adopted a conflict of interest policy whereby the trustees disclose if they have any conflicts related to their work or the commitments made by the organization. The sign off forms are collected and reviewed by the board at the october meeting.

CEO executive director top management comp Part VI line 15A

ALL ARE VOLUNTEERS

Other officer or key employee compensation Part VI line 15B

ALL ARE VOLUNTEERS

Governing documents etc available to public Part VI line 19

Part vi line 19 - governing documents are available as follows: the foundation has the latest annual report with financial results posted on its website. This is also mailed to all current and past donors in a newsletter in june of each year. The 990 may be viewed on the foundation center website and on the guidestar website. The most recent 990 filing may be obtained by contacting the organization. The audit report is provided with all grant applications. It is available on request from the foundation's office.

Filing and Contact Details

Filer

Filer Name
Brackett Foundation
EIN
16-1523586
Address
PO BOX 8, HAMILTON, NY 13346
Doing Business As
Brackett Refugee Education Fun

Signing Officer

Name
J Phillip Brackett
Title
Treasurer
Phone
3158243435
Signed
2015-05-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Russell Brackett
Formed
1997
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
39

Preparer

Firm
Averson & Klinetop LLP
Address
6320 Fly Road Suite 108, East Syracuse, NY 13057
Preparer
Patricia K Averson
Phone
3154638522
Supplemental Narrative

Financial Statement Notes

Endowment funds intended uses (Part V, line 4)

The income from invested donor permanently restricted endowment contributions, none of which have restrictions on earnings, is used to support the grants and programs and operations of the organization. The board has designated additional funds as well, along with accumulated gains, to provide a base from which to earn additional income for future operations, and to provide a buffer for years with adverse exchange rates in the countries of operations, or when investment income or donations are lower than usual, or when grant funding is flat, to adjust more smoothly to new conditions, all important when granting university scholarships that span multiple years.

Other revenues not included on Form 990 (Part XI, line 2D)

Cash to accrual adjustment reflects foreign currency gains $931 and rounding $1, net $930 difference between revenue per gaap statement and tax return receipts.

Other expenses not included on Form 990 (Part XII, line 2D)

Accrual to cash adjustments from financial statement to tax return $2,791 grants payable not reflected on the expenses on this return until paid.

Footnote for uncertain tax position under FIN 48 (Part X)

Income taxes: the brackett foundation is exempt from income tax under section 501(c)(3) of the internal revenue code. The foundation files its form 990 with the internal revenue service and the new york office of charities bureau. These forms are open for public inspection. Managagement believes that it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Tax returns are generally open for three (3) years after filing. Therefore the foundation is no longer subject to examination for years before 2011.

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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt031424
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0531554
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0563597
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt090286
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0BELIEVING THAT THE BEST HOPE FOR PEACE AND HAPPINESS FOR MANKIND LIES IN EDUCATION, WE ARE DEDICATED TO THE TASK OF ASSISTING REFUGEES OR DISPLACED PERSONS OF ANY RACE, NATIONALITY, OR CREED TO ACQUIRE AN EDUCATION. THE FOCUS IS ON REFUGEES FROM BURMA.
IRS990/MoreThan5000KToIndividualsInd0true
IRS990/MoreThan5000KToOrgInd0true
IRS990/NetAssetsOrFundBalancesBOYAmt0744750
IRS990/NetAssetsOrFundBalancesEOYAmt0729126
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt08650
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt08650
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt05037
IRS990/OfficeExpensesGrp/ProgramServicesAmt04754
IRS990/OfficeExpensesGrp/TotalAmt09791
IRS990/OfficerMailingAddressInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0378539
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0402539
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RUSSELL BRACKETT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0PROJECTS IN BANGLADESH: (ELEMENTARY PROGRAM DONE IN COOPERATION WITH CHILDREN ON THE EDGE, A BRITISH NGO) SUPPORTED LEARNING CENTERS COVERING GRADES 1-3 FOR 900 WORKING CHILDREN IN COX'S BAZAR AND 2,340 CHILDREN IN THE KUTUPALONG CAMP, AN UNOFFICIAL REFUGEE CAMP CONTAINING ABOUT 44,000 ROHINGYA REFUGEES. THE WORKING CHILDREN IN COX'S BAZAR ARE BETWEEN 30 TO 40% ROHINGYA FROM BURMA. IT IS A CHALLENGING TASK TO START AN EDUCATION PROGRAM IN A POPULATION WHERE NEARLY ALL ARE ILLITERATE. TEACHERS ARE TRAINED FOR THE FIRST MONTH OF THE SCHOOL YEAR AND THEN START TEACHING THE CHILDREN. STUDENTS BRING HOME THE SCHOOL BOOKS EACH NIGHT IN ORDER TO TEACH OTHER MEMBERS OF THE FAMILY. IN THE REFUGEE CAMP, THE TEACHERS USE ONE ROOM ATTACHED TO THEIR HOME AND THE CHILDREN ARE ALL IN THE SAME CLASS. AFTER THREE YEARS, THE RESULTS ON THE NATIONWIDE GRADE 3 EXAM ARE EXCELLENT. SIX ROHINGYA UNIVERSITY STUDENTS IN CHITTIGONG ALSO RECEIVE INTERN STIPEND AWARDS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt064165
IRS990/ProgSrvcAccomActy2Grp/GrantAmt062686
IRS990/ProgSrvcAccomActy3Grp/Desc0PROGRAMS IN INDIA: SCHOLARSHIPS AND SUPPORT PROGRAMS IN THE MIZORAM STATE OF INDIA FOR CHIN REFUGEES FROM BURMA, CONSISTING OF 50 GRANTS FOR UNIVERSITY STUDY, A PROGRAM TO SUPPORT 61 STUDENTS AT UNIVERSITY PREPARATORY LEVEL (CLASSES 11 & 12), AND 5 HIGH SCHOOL STUDENT SUPPORT PROGRAMS HELPING 110 STUDENTS. IN ADDITION THERE ARE 12 PRIMARY STUDENT SUPPORT PROGRAMS IN 12 DIFFERENT COMMUNITIES SUPPORTING 172 CHILDREN. THE UNIVERSTIY STUDENTS INCLUDED A HORTICULTURE SCHOOL GRADUATE WHO RANKED THE HIGHEST IN ALL OF INDIA IN THE PLACEMENT EXAM FOR GRADUATE SCHOOL, TEN STUDENTS IN MBBS PROGRAMS, AND AN ARRAY OF NURSES, DENTISTS, TEACHERS, AND BUSINESS STUDENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt041758
IRS990/ProgSrvcAccomActy3Grp/GrantAmt040796
IRS990/ProgSrvcAccomActyOtherGrp/Desc0VARIOUS AMOUNTS ARE AWARDED FOR GRADUATE STIPENDS AND HEALTH NEEDS AND SPECIAL STUDENT CIRCUMSTANCES THAT RESULT IN ADDITIONAL AWARDS OUTSIDE THE ROUTINE PROCESS OF GRANT GIVING. THESE ALL REQUIRE APPROVAL BY AUTHORIZED VOUNTEER REPRESENTATIVES OF THE BRACKETT FOUNDATION. IN 2014 THESE AWARDS SERVED 10 STUDENTS WITH SPECIAL NEEDS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt013042
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt012743
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0332214
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0305220
IRS990/PYInvestmentIncomeAmt046856
IRS990/PYOtherExpensesAmt020545
IRS990/PYRevenuesLessExpensesAmt053305
IRS990/PYTotalExpensesAmt0325765
IRS990/PYTotalRevenueAmt0379070
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-15624
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0125323
IRS990/SavingsAndTempCashInvstGrp/EOYAmt099560
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0278161
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0332214
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0305542
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0323735
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0321828
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01561480
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt031424
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt015485
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt012941
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt012612
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04605
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt077067
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.68490
IRS990ScheduleA/PublicSupportPY170Pct00.68400
IRS990ScheduleA/PublicSupportTotal170Amt01122201
IRS990ScheduleA/SubstantialContributorsTotAmt0439279
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0278161
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0332214
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0305542
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0323735
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0321828
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01561480
IRS990ScheduleA/TotalSupportAmt01638547
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleC/DirectContactLegislatorsInd0false
IRS990ScheduleC/GrantsOtherOrganizationsInd0false
IRS990ScheduleC/MailingsMembersInd0false
IRS990ScheduleC/MediaAdvertisementsInd0false
IRS990ScheduleC/OtherActivitiesInd0false
IRS990ScheduleC/PaidStaffOrManagementInd0false
IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/VolunteersInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.14000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0427725
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt024000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0466642
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt029975
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt015058
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0397690
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt024000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0427725
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt019369
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt013334
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0371437
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt025000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0397690
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012277
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt011024
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0294132
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt075000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0371437
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt011859
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt09554
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0216471
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt077500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0294132
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03138
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt02977
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt02791
IRS990ScheduleD/ExpensesSubtotalAmt0333859
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt042980
IRS990ScheduleD/OtherExpensesIncludedAmt02791
IRS990ScheduleD/OtherRevenueAmt0930
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.86000
IRS990ScheduleD/RevenueNotReportedAmt043910
IRS990ScheduleD/RevenueSubtotalAmt0318235
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INCOME FROM INVESTED DONOR PERMANENTLY RESTRICTED ENDOWMENT CONTRIBUTIONS, NONE OF WHICH HAVE RESTRICTIONS ON EARNINGS, IS USED TO SUPPORT THE GRANTS AND PROGRAMS AND OPERATIONS OF THE ORGANIZATION. THE BOARD HAS DESIGNATED ADDITIONAL FUNDS AS WELL, ALONG WITH ACCUMULATED GAINS, TO PROVIDE A BASE FROM WHICH TO EARN ADDITIONAL INCOME FOR FUTURE OPERATIONS, AND TO PROVIDE A BUFFER FOR YEARS WITH ADVERSE EXCHANGE RATES IN THE COUNTRIES OF OPERATIONS, OR WHEN INVESTMENT INCOME OR DONATIONS ARE LOWER THAN USUAL, OR WHEN GRANT FUNDING IS FLAT, TO ADJUST MORE SMOOTHLY TO NEW CONDITIONS, ALL IMPORTANT WHEN GRANTING UNIVERSITY SCHOLARSHIPS THAT SPAN MULTIPLE YEARS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CASH TO ACCRUAL ADJUSTMENT REFLECTS FOREIGN CURRENCY GAINS $931 AND ROUNDING $1, NET $930 DIFFERENCE BETWEEN REVENUE PER GAAP STATEMENT AND TAX RETURN RECEIPTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ACCRUAL TO CASH ADJUSTMENTS FROM FINANCIAL STATEMENT TO TAX RETURN $2,791 GRANTS PAYABLE NOT REFLECTED ON THE EXPENSES ON THIS RETURN UNTIL PAID.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3INCOME TAXES: THE BRACKETT FOUNDATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION FILES ITS FORM 990 WITH THE INTERNAL REVENUE SERVICE AND THE NEW YORK OFFICE OF CHARITIES BUREAU. THESE FORMS ARE OPEN FOR PUBLIC INSPECTION. MANAGAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ALL TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. TAX RETURNS ARE GENERALLY OPEN FOR THREE (3) YEARS AFTER FILING. THEREFORE THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION FOR YEARS BEFORE 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Endowment funds intended uses (Part V, line 4)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Other revenues not included on Form 990 (Part XI, line 2d)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Other expenses not included on Form 990 (Part XII, line 2d)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Footnote for uncertain tax position under FIN 48 (Part X)
IRS990ScheduleD/TotalExpensesPerForm990Amt0333859
IRS990ScheduleD/TotalRevenuePerForm990Amt0318235
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0362145
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0336650
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0210978
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1105118
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EAST ASIA AND THE PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1SOUTH ASIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0EDUC GRANTS & SCHOL
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1EDUC GRANTS & SCHOL
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTMAKING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1GRANTMAKING
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt0135958
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt130412
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0EFT
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt1EFT
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt0232
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt157
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0EAST ASIA AND THE PACIFIC
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt1SOUTH ASIA
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0TUITION AND SCHOOL EXPENSES
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt1TUITION AND SCHOOL EXPENSES
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt06306
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt16240
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt28140
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt38436
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt47772
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt516980
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt67324
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt76869
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt855000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt95939
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt105995
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt115690
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0EFT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1EFT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2EFT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt3EFT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt4EFT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt5EFT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.26$0.00$1.26$0.45$0.50$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.00$1.00$0.49$0.52$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.00$1.34$0.50$0.50$0.00
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.00$1.11$0.58$0.46$0.12
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.00$0.94$0.43$0.50$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.01$0.82$0.33$0.38$0.05
2017Summary only. Only limited summary data is available for this year.$0.99$0.02$0.97$0.51$0.51$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.01$0.83$0.32$0.36$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.00$0.70$0.30$0.32$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$0.32$0.33$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.38$0.33$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.00$0.69$0.28
2011Summary only. Only limited summary data is available for this year.$0.65$0.00$0.65$0.34$0.27$0.07