BETA

The Browning Family Foundation: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
The Browning Family Foundation (EIN 45-3668378)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-15
IRS object ID
202233199349107033
Schema version
2021v4.2
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)
Return2022-11-15T15:05:07-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN453668378EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Browning Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlBROWBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPerry BrowningPersonNm
Person TitlePresidentPersonTitleTxt
Phone8008391754PhoneNum
Signature2022-11-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstPerryPersonFirstNm
Person LastBrowningPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum

Additional Filer Information AdditionalFilerInformation

FieldValueIRS element (for citing)
Trusted CustomerTrustedCustomerGrp
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$979,199FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$84InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$84InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$11,458DividendsRevAndExpnssAmt
Dividends Net Invst Incm$11,458DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$21,499NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$38,858GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$21,499CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$33,041TotalRevAndExpnssAmt
Total Net Invst Incm$33,041TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Expenses Rev And Expnss$36,656OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$95OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$8,664OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$36,656TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$95TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$8,664TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$17,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$17,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$53,656TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$95TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$25,664TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$20,615ExcessRevenueOverExpensesAmt
Net Investment Income$32,946NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$42,631SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$37,254SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$37,254SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$660,752CorporateStockBOYAmt
Corporate Stock EOY$644,759CorporateStockEOYAmt
Corporate Stock EOYFMV$941,587CorporateStockEOYFMVAmt
Other Investments BOY$36,463OtherInvestmentsBOYAmt
Other Investments EOY$37,218OtherInvestmentsEOYAmt
Other Investments EOYFMV$358OtherInvestmentsEOYFMVAmt
Total Assets BOY$739,846TotalAssetsBOYAmt
Total Assets EOY$719,231TotalAssetsEOYAmt
Total Assets EOYFMV$979,199TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$739,846RetainedEarningBOYAmt
Retained Earning EOY$719,231RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$739,846TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$719,231TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$739,846TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$719,231TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$739,846TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$20,615ExcessRevenueOverExpensesAmt
Subtotal$719,231SubtotalAmt
Tot Net Ast Or Fund Balances EOY$719,231TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$38,858GrossSalesPriceAmt
Cost Or Other Basis$17,359CostOrOtherBasisAmt
Gain Or Loss$21,499GainOrLossAmt
Gains Minus Excess Or Losses$21,499GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$21,499CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$458InvestmentIncomeExciseTaxAmt
Subtotal$458SubtotalAmt
Tax Based On Investment Income$458TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$298EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$200ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$498TotalPaymentsAndCreditsAmt
Overpayment$40OverpaymentAmt
Applied To ES Tax$40AppliedToESTaxAmt

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 StateDEOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Brian P Browning
Foundation Source 501 Silverside RdWilmingtonDE198091377Treas1.0$0$0$0
Nancy Browning
Foundation Source 501 Silverside RdWilmingtonDE198091377VP, Dir1.0$0$0$0
Perry Browning
Foundation Source 501 Silverside RdWilmingtonDE198091377Pres, Dir, Sec1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$903,798AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$45,212AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$358FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$949,368TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$949,368AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$14,241CashDeemedCharitableAmt
Net Vl Noncharitable Assets$935,127NetVlNoncharitableAssetsAmt
Minimum Investment Return$46,756MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$46,756MinimumInvestmentReturnAmt
Tax Based On Investment Income$458TaxBasedOnInvestmentIncomeAmt
Total Tax$458TotalTaxAmt
Distributable Before Adj$46,298DistributableBeforeAdjAmt
Distributable Before Ded$46,298DistributableBeforeDedAmt
Distributable As Adjusted$46,298DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$25,664ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$25,664QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$46,298DistributableAsAdjustedAmt
Undistributed Income PY$12,970UndistributedIncomePYAmt
Prior Year12019PriorYear1Yr
Prior Year22018PriorYear2Yr
Prior Year32017PriorYear3Yr
Qualifying Distributions$25,664QualifyingDistributionsAmt
Applied To Year1$12,970AppliedToYear1Amt
Applied To Current Year$12,694AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$33,604UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNancy BrowningContributingManagerNm
Contributing ManagerPerry BrowningContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
DANA FARBER CANCER INSTITUTE INC
PO BOX 849168BOSTONMA02284N/APCGeneral & Unrestricted$500
DIOCESE OF VENICE IN FLORIDA INC
1000 PINEBROOK RDVENICEFL34285N/APCGeneral & Unrestricted$2,000
GRANARA SKERRY TRUST
33 S COTTAGE RDBELMONTMA02478N/APCGeneral & Unrestricted$500
OPERATION SMILE INC
3641 FACULTY BLVDVIRGINIA BEACHVA23453N/APCGeneral & Unrestricted$2,000
PROJECT BREAD - THE WALK FOR HUNGER INC
145 BORDER STEAST BOSTONMA02128N/APCGeneral & Unrestricted$250
REEL RECOVERY INC
160 BROOKSIDE RDNEEDHAMMA02492N/APCGeneral & Unrestricted$250
SALVATION ARMY OF GREATER BURLINGTON
PO BOX 5120BURLINGTONVT05402N/APCGeneral & Unrestricted$500
ST AUGUSTINE CATHOLIC CHURCH
16 BARRE STMONTPELIERVT05602N/APCGeneral & Unrestricted$2,000
ST JUDE CHILDRENS RESEARCH HOSPITAL INC
501 ST JUDES PLMEMPHISTN38105N/APCGeneral & Unrestricted$2,000
ST JOHN'S COLLEGE HIGH SCHOOL
2607 MILITARY RDWASHINGTONDC20015N/APCGeneral & Unrestricted$2,000
VERMONT FOODBANK
33 PARKER RDBARREVT05641N/APCGeneral & Unrestricted$2,500
VERMONT JOURNALISM TRUST DBA VTDIGGER-ORG
26 STATE ST STE 8MONTPELIERVT05602N/APCGeneral & Unrestricted$1,000
VERMONT PUBLIC RADIO
365 TROY AVECOLCHESTERVT05446N/APCGeneral & Unrestricted$500
WOUNDED WARRIOR PROJECT LONG TERM SUPPORT TR
4899 BELFORT RD STE 300JACKSONVILLEFL32256N/ASO IGeneral & Unrestricted$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$17,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$84ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$11,458ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$21,499ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$33,041ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$33,041TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (13 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
FIRST TR VALUE LN DV$69,199$92,665
FIRST TRUST DOW JONES INTERNET$51,373$97,914
FIRST TRUST EUROZONE ALPHADEX$44,787$46,080
FIRST TRUST FINANCIALS ALPHADE$30,833$46,280
FIRST TRUST MORNINGSTAR DIVIDE$36,234$44,628
FIRST TRUST NASDQ 100 TECHNOLO$47,474$103,520
INVESCO QQQ TRUST$75,157$206,484
ISHARES CORE INTERNATIONAL AGG$44,945$43,788
PRUDENTIAL TOTAL RETURN BOND C$54,633$51,442
SPDR DJ SMALLCAP GRW$34,368$56,527
VANGUARD CHARLOTTE INTL BD IDX$50,292$46,886
VANGUARD INTERMEDIATE TERM COR$60,007$60,201
VANGUARD TOTAL BOND MARKET ETF$45,457$45,172

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemTHE HARTFORD POLICY#U03147696CategoryOrItemTxt
Book Value$37,218BookValueAmt
EOYFMV$358EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
Administrative Fees$8,639$8,639
Bank Charges$95$95
LIFE INSURANCE EXPENSE$27,897
State or Local Filing Fees$25$25

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.