Nonprofit · EIN 87-3846431
BROWN ASSET RECLAMATION FOUNDATION
Tax-exempt · ORMOND BEACH, FL 32176
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,170,129 | $14,520 | $2,155,609 | $5,368,375 | $0 | $5,368,375 |
| December 31, 2023 | 990 | $166,175 | $3,850 | $162,325 | $3,157,033 | $0 | $3,157,033 |
| December 31, 2022 | 990 | $55,432 | $28,304 | $27,128 | $2,901,253 | $0 | $2,901,253 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,002,000
- Program service revenue
- $0
- Investment income
- $168,129
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $14,520
Balance sheet and other
- Total assets, start of year
- $3,157,033
- Total assets, end of year
- $5,368,375
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,368,375
- Publicly traded securities
- $4,543,840
- Net assets without donor restrictions
- $5,368,375
- Gross receipts
- $6,836,129
- Employees
- 0
- Year formed
- 2021
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CYNTHIA BROWN | TRUSTEE Trustee or director | 1 | $0 |
| J HYATT BROWN | TRUSTEE Trustee or director | 1 | $0 |
| POWELL BROWN | TRUSTEE Trustee or director | 1 | $0 |
| DAVID LOTZ | TRUSTEE Trustee or director, Officer | 1 | $0 |
| R ANDREW WATTS | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CYNTHIA BROWN | TRUSTEE Trustee or director | 1 | $0 |
| J HYATT BROWN | TRUSTEE Trustee or director | 1 | $0 |
| POWELL BROWN | TRUSTEE Trustee or director | 1 | $0 |
| DAVID LOTZ | TRUSTEE Trustee or director, Officer | 1 | $0 |
| R ANDREW WATTS | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CYNTHIA BROWN | TRUSTEE Trustee or director | 1 | $0 |
| J HYATT BROWN | TRUSTEE Trustee or director | 1 | $0 |
| POWELL BROWN | TRUSTEE Trustee or director | 1 | $0 |
| DAVID LOTZ | TRUSTEE Trustee or director, Officer | 1 | $0 |
| R ANDREW WATTS | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 213 RIVERSIDE DR, ORMOND BEACH, FL 32176-6503
- In care of
- % J HYATT BROWN
- Principal officer (990 for 2024)
- J HYATT BROWN, 213 RIVERSIDE DRIVE, ORMOND BEACH, FL 32176
- Signed the 990
- DAVID LOTZ, TRUSTEE
- Phone
- (407) 244-5222
- Return prepared by
- OLIVARI & ASSOCIATES CPA'S
Mission
TO SUPPORT CAPITAL IMPROVEMENTS FOR AND PROVIDING OTHER EXPENDITURES RELATED TO A PUBLIC PARK KNOWN AS RIVERFRONT PARK IN DAYTONA BEACH, FLORIDA, LOCATED ALONG BEACH STREET BETWEEN MAIN STREET AND ORANGE AVENUE, FOR AS LONG AS BROWN RIVERFRONT ESPLANADE FOUNDATION, INC (EIN: XXX-XX-XXXX) IS LEASING THE PARK FROM THE CITY OF DAYTONA BEACH AND, THEREAFTER, SUPPORTING THE MUSEUM OF ARTS AND SCIENCES, INC (59-1022050), ALSO LOCATED IN DAYTONA BEACH, FLORIDA.
Program accomplishments
- TO PROVIDE CAPITAL IMPROVEMENTS FOR AND PROVIDE OTHER EXPENDITURES RELATED TO A PUBLIC PARK KNOWN AS RIVERFRONT PARK IN DAYTONA BEACH, FLORIDA
- TO PROMOTE, SUPPORT, AND ENGAGE IN ACTIVITIES CARRIED ON FOR CHARITABLE, SCIENTIFIC, EDUCATIONAL, OR ANY OTHER QUALIFIED PURPOSES
- TO PROMOTE AND ENCOURAGE CHARITABLE GIVING IN THE UNITED STATES
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-3846431
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N32)
- Assets (IRS master file)
- $5,368,375
- Income (IRS master file)
- $6,836,129
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,170,129 | $14,520 | $5,368,375 | IRS |
| 990 | December 2023 | $166,175 | $3,850 | $3,157,033 | XML |
| 990 | December 2022 | $55,432 | $28,304 | $2,901,253 | XML |
| 990 | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-3846431).
Questions about BROWN ASSET RECLAMATION FOUNDATION
- What is the EIN of BROWN ASSET RECLAMATION FOUNDATION?
- The employer identification number (EIN) of BROWN ASSET RECLAMATION FOUNDATION is 87-3846431.
- Is BROWN ASSET RECLAMATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to BROWN ASSET RECLAMATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BROWN ASSET RECLAMATION FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BROWN ASSET RECLAMATION FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BROWN ASSET RECLAMATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BROWN ASSET RECLAMATION FOUNDATION?
- The 990 for the year ended December 31, 2024 names J HYATT BROWN.
- Who are the officers and directors of BROWN ASSET RECLAMATION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does BROWN ASSET RECLAMATION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,170,129, expenses of $14,520 and total assets of $5,368,375 at year end.
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