Brook Family Foundation

Brook Family Foundation consistently operates at a deficit, drawing down assets over the past decade.

EIN: 10499178 · Norway, ME · NTEE: T20Z · Updated: 2026-03-28

$553KRevenue

$1.1MAssets

65/100Mission Score (Good)

T20Z

About Brook Family Foundation

Brook Family Foundation (EIN: 10499178) is a nonprofit organization based in Norway, ME, classified under NTEE code T20Z. The organization reported total revenue of $553K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brook Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Brook Family Foundation, a private foundation, exhibits a consistent pattern of operating at a deficit, with expenses frequently exceeding revenue. For instance, in the 202403 period, expenses were $132,808 against revenue of $61,295, and in 202303, expenses were $128,673 against negative revenue of $-9,750. This trend has led to a gradual decline in assets over the past decade, from $1,624,752 in 201203 to $1,137,308 in 202403. While the organization maintains a healthy asset base relative to its annual expenses, the sustained deficit spending is a notable financial characteristic.

The foundation's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings suggests a lean operational structure regarding executive pay. The lack of detailed expense categories in the provided data limits a comprehensive evaluation of spending efficiency and program focus.

Regarding transparency, the organization has a consistent filing history with 10 filings, indicating adherence to IRS reporting requirements. The absence of officer compensation is a positive indicator for a private foundation. However, without more granular expense data, it's challenging to fully understand where the majority of its expenditures are directed, which could enhance transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Brook Family Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 75%
fundraising: 10%

According to IRS 990 filings, Brook Family Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not compensated, which is common for smaller private foundations and suggests a commitment to directing funds elsewhere.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Brook Family Foundation's IRS 990 filings:

Consistent operating deficits, with expenses frequently exceeding revenue (e.g., 202403: $132,808 expenses vs. $61,295 revenue).
Declining asset base over the past decade, from $1,624,752 in 201203 to $1,137,308 in 202403.
Negative revenue reported in 202303 ($-9,750), indicating potential investment losses or other financial setbacks.
Lack of detailed expense breakdown in provided data, making it difficult to assess program efficiency.

Strengths

The following positive indicators were identified for Brook Family Foundation:

Consistent IRS 990 filing history (10 filings), indicating good compliance.
0% officer compensation reported across all filings, suggesting a focus on minimizing administrative overhead related to executive pay.
Maintains a substantial asset base ($1,113,749 latest assets) relative to annual expenses, providing a buffer despite deficits.

Frequently Asked Questions about Brook Family Foundation

Is Brook Family Foundation financially sustainable given its consistent deficits?

The foundation has consistently spent more than it earns, leading to a decline in assets from $1,624,752 in 201203 to $1,137,308 in 202403. While it still holds over $1.1 million in assets, this trend of deficit spending is not sustainable long-term without a change in revenue generation or expense management.

What are the primary drivers of the foundation's expenses?

The provided data does not offer a detailed breakdown of expenses beyond total expenses. Without this information, it's impossible to determine the specific categories (e.g., grants, operational costs) that constitute the majority of the foundation's spending.

How does the negative revenue in 202303 impact the foundation?

The negative revenue of $-9,750 in 202303, combined with expenses of $128,673, significantly contributed to the reduction of the foundation's assets. Negative revenue can occur due to investment losses or returns of contributions, further exacerbating financial challenges.

Filing History

IRS 990 filing history for Brook Family Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2012–2024), Brook Family Foundation's revenue has grown by 27.9%, moving from $48K to $61K. Total assets decreased by 30% over the same period, from $1.6M to $1.1M. Total functional expenses fell by 33.2%, from $199K to $133K. In its most recent filing year (2024), Brook Family Foundation reported a deficit of $72K, with expenses exceeding revenue. The organization holds $62 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$61K	$133K	$1.1M	$62	—	View 990
2023	$-9,750	$129K	$1.2M	$1	—	View 990
2022	$150K	$133K	$1.3M	$1	—	View 990
2021	$154K	$129K	$1.3M	$779	—	—
2020	$127K	$127K	$1.3M	$969	—	—
2016	$57K	$118K	$1.3M	$1	—	View 990
2015	$93K	$122K	$1.4M	$1	—	View 990
2014	$82K	$111K	$1.4M	$1	—	View 990
2013	$36K	$199K	$1.5M	$78	—	View 990
2012	$48K	$199K	$1.6M	$210	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $61K, expenses of $133K, and assets of $1.1M.
2023: Revenue of $-9,750, expenses of $129K, and assets of $1.2M (revenue -106.5% year-over-year).
2022: Revenue of $150K, expenses of $133K, and assets of $1.3M (revenue -2.9% year-over-year).
2021: Revenue of $154K, expenses of $129K, and assets of $1.3M (revenue +21.8% year-over-year).
2020: Revenue of $127K, expenses of $127K, and assets of $1.3M (revenue +121.2% year-over-year).
2016: Revenue of $57K, expenses of $118K, and assets of $1.3M (revenue -38.2% year-over-year).
2015: Revenue of $93K, expenses of $122K, and assets of $1.4M (revenue +12.4% year-over-year).
2014: Revenue of $82K, expenses of $111K, and assets of $1.4M (revenue +127.1% year-over-year).
2013: Revenue of $36K, expenses of $199K, and assets of $1.5M (revenue -24.3% year-over-year).
2012: Revenue of $48K, expenses of $199K, and assets of $1.6M.

Data Sources and Methodology

This transparency report for Brook Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.