BROWN FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
BROWN FAMILY FOUNDATION (EIN 37-2022003)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-12
IRS object ID
202531329349102458
Schema version
2024v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-12T14:06:45-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN591152714PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BERMAN HOPKINS WRIGHT LAHAM CPAS & ASSOCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1255 S ORANGE AVE STE 1000AddressLine1Txt
CityORLANDOCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32801ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN372022003EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BROWN FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBROWBusinessNameControlTxt
Phone3866777890PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1213 RIVERSIDE DRIVEAddressLine1Txt
CityORMOND BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP321766503ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCYNTHIA R BROWNPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone3866774090PhoneNum
Signature2025-05-05SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCAROL E FELSINGPreparerPersonNm
PTINP00448204PTIN
Phone4078418841PhoneNum
Preparation2025-05-05PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$12,082,691FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,433,647ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$29InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$29InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$29InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$3,284DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,284DividendsNetInvstIncmAmt
Dividends Adj Net Incm$3,284DividendsAdjNetIncmAmt
Total Rev And Expnss$1,436,960TotalRevAndExpnssAmt
Total Net Invst Incm$3,313TotalNetInvstIncmAmt
Total Adj Net Incm$3,313TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,500AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$2,500AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$82TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$82TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,582TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,582TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,321,831ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,321,831ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,324,413TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,324,413TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$112,547ExcessRevenueOverExpensesAmt
Net Investment Income$3,313NetInvestmentIncomeAmt
Adjusted Net Income$3,313AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$1,018,423SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,223,478SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,223,478SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$335,728CorporateStockBOYAmt
Corporate Stock EOY$243,220CorporateStockEOYAmt
Corporate Stock EOYFMV$10,859,213CorporateStockEOYFMVAmt
Total Assets BOY$1,354,151TotalAssetsBOYAmt
Total Assets EOY$1,466,698TotalAssetsEOYAmt
Total Assets EOYFMV$12,082,691TotalAssetsEOYFMVAmt
Other Liabilities BOY$27,916OtherLiabilitiesBOYAmt
Other Liabilities EOY$27,916OtherLiabilitiesEOYAmt
Total Liabilities BOY$27,916TotalLiabilitiesBOYAmt
Total Liabilities EOY$27,916TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,326,235RetainedEarningBOYAmt
Retained Earning EOY$1,438,782RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,326,235TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,438,782TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,354,151TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,466,698TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,326,235TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$112,547ExcessRevenueOverExpensesAmt
Subtotal$1,438,782SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,438,782TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$46InvestmentIncomeExciseTaxAmt
Subtotal$46SubtotalAmt
Tax Based On Investment Income$46TaxBasedOnInvestmentIncomeAmt
Tax Due$46TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksCYNTHIA R BROWNIndividualWithBooksNm
Phone3866777890PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1213 RIVERSIDE DRIVEAddressLine1Txt
CityORMOND BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32176ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
CYNTHIA R BROWN
213 RIVERSIDE DRIVEORMOND BEACHFL32176TRUSTEE1.00$0$0$0
JAMES POWELL BROWN
213 RIVERSIDE DRIVEORMOND BEACHFL32176TRUSTEE1.00$0$0$0
HYATT KELLIM BROWN
213 RIVERSIDE DRIVEORMOND BEACHFL32176TRUSTEE1.00$0$0$0
PRESTON BARRETT BROWN
213 RIVERSIDE DRIVEORMOND BEACHFL32176TRUSTEE1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,539,263AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$134,086AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,673,349TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,673,349AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$25,100CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,648,249NetVlNoncharitableAssetsAmt
Minimum Investment Return$82,412MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$82,412MinimumInvestmentReturnAmt
Tax Based On Investment Income$46TaxBasedOnInvestmentIncomeAmt
Total Tax$46TotalTaxAmt
Distributable Before Adj$82,366DistributableBeforeAdjAmt
Distributable Before Ded$82,366DistributableBeforeDedAmt
Distributable As Adjusted$82,366DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,324,413ExpensesAndContributionsAmt
Qualifying Distributions$1,324,413QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$82,366DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$1,310,250ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,310,250TotalExcessDistributionCyovAmt
Qualifying Distributions$1,324,413QualifyingDistributionsAmt
Applied To Current Year$82,366AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,242,047RemainingDistriFromCorpusAmt
Total Corpus$2,552,297TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$2,552,297ExcessDistriCyovToNextYrAmt
Excess From Year1$1,310,250ExcessFromYear1Amt
Excess From Current Year$1,242,047ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonCYNTHIA R BROWNRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1213 RIVERSIDE DRIVEAddressLine1Txt
CityORMOND BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32176ZIPCd
FieldValueIRS element (for citing)
Recipient Phone3866777890RecipientPhoneNum
Recipient Email AddressCICIBR@ICLOUD.COMRecipientEmailAddressTxt
Form And Info And MaterialsONLY WRITTEN APPLICATIONS WITH DETAILED DESCRIPTION OF USE OF FUNDS GRANTEDFormAndInfoAndMaterialsTxt
Submission DeadlinesNONE TO DATESubmissionDeadlinesTxt
Restrictions On AwardsNONE TO DATERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
EMBRY RIDDLE AERONAUTICAL UNIVERSIT
1 AEROSPACE BLVDDAYTONA BEACHFL32114NONEPCTUITION WAIVERS/SCHOLARSHIPS$1,000,000
EMBRY RIDDLE AERONAUTICAL UNIVERSIT
1 AEROSPACE BLVDDAYTONA BEACHFL32114NONEPAIDTUITION WAIVERS/SCHOLARSHIPS$321,831
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,321,831TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$29RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,284RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,313RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,313TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number1ALineNumberTxt
Relationship StatementTHE ACTIVITIES ARE GRANTS TO EMBRY RIDDLE UNIVERSITY FOR GOALS STATEDRelationshipStatementTxt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndNoncash ContributionNoncashContributionInd
JAMES HYATT BROWN NONGRANTOR
1213 RIVERSIDE DRIVEORMOND BEACHFL32176$1,413,647Yes (X)Yes (X)
J HYATT AND CYNTHIA BROWN
2213 RIVERSIDE DRIVEORMOND BEACHFL32176$20,000Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertyBROWN & BROWN, INC 100,360 SHNoncashPropertyDesc
Fair Market Value$10,238,727FairMarketValueAmt
Received2024-12-31ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING SERVICESCategoryTxt
Amt$2,500Amt
Disbursements Charitable Prps$2,500DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockBROWN & BROWN CORPORATE STOCKStockNm
EOY Book Value$243,220EOYBookValueAmt
EOYFMV$10,859,213EOYFMVAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescEXCESS CONTRIBUTION TO BE REFUNDEDDesc
BOY Book Value$27,916BOYBookValueAmt
EOY Book Value$27,916EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTAXESCategoryTxt
Amt$82Amt
Disbursements Charitable Prps$82DisbursementsCharitablePrpsAmt

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