Brown Memorial Foundation

Abilene, KS
Tax-exempt since Oct. 1929
EIN: 48-0573809

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$1.83M (2024)

Expenses

$1.3M (2024)

Total Assets

$21.1M (2024)

Total Liabilities

$37k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$1,830,930

Expenses

$1,304,083

Net Income

$526,847

Net Assets

$21,067,807

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,296	0.3%
Interest Revenue	$93	0.0%
Dividends	$921,564	50.3%
Sales of Assets	$325,297	17.8%
Other Income	$537,308	29.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$691,705	53.0%
Compensation of Officers*	$83,933	6.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$21,104,800
Total Liabilities	$36,993
Net Assets	$21,067,807

Compensation

Key Employees and Officers	Compensation	Other
Philip J Mulanax (President, General Manager)	$42,171	$1,600
Julie A Sprenkle (Secretary/Treasurer)	$24,190	$1,074
Bruce E Hettenbach (Vice President)	$10,772	$627
Michael L Whitehair (Trustee)	$2,400	$0
Tim B Shafer (Trustee)	$2,200	$0
Alfred P Jones (Trustee)	$2,200	$0
David J Walters (Trustee)	$0	$0

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990-PF

Filed on May 15, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$1,359,112

Expenses

$1,347,484

Net Income

$11,628

Net Assets

$20,540,960

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$72	0.0%
Dividends	$845,969	62.2%
Sales of Assets	$5,433	0.4%
Other Income	$467,218	34.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$809,931	60.1%
Compensation of Officers*	$80,130	5.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,558,175
Total Liabilities	$17,215
Net Assets	$20,540,960

Compensation

Key Employees and Officers	Compensation	Other
Philip J Mulanax (President, General Manager)	$41,192	$1,571
Julie A Sprenkle (Secretary/Treasurer)	$21,641	$1,009
Bruce E Hettenbach (Vice President)	$10,297	$619
Alfred P Jones (Trustee)	$2,400	$0
Michael L Whitehair (Trustee)	$2,400	$0
Tim B Shafer (Trustee)	$2,200	$0
David J Walters (Trustee)	$0	$0

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990-PF

Filed on May 21, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$1,255,341

Expenses

$1,145,733

Net Income

$109,608

Net Assets

$20,529,332

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$750	0.1%
Interest Revenue	$16	0.0%
Dividends	$806,098	64.2%
Sales of Assets	$20,314	1.6%
Other Income	$389,003	31.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$673,532	58.8%
Compensation of Officers*	$80,429	7.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,543,957
Total Liabilities	$14,625
Net Assets	$20,529,332

Compensation

Key Employees and Officers	Compensation	Other
Philip J Mulanax (President, General Manager)	$42,717	$1,538
Julie A Sprenkle (Secretary/Treasurer)	$23,273	$958
Bruce E Hettenbach (Vice President)	$9,839	$549
Tim B Shafer (Trustee)	$2,400	$0
Alfred P Jones (Trustee)	$2,200	$0
David J Walters (Trustee)	$0	$0
Michael L Whitehair (Trustee)	$0	$0

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990-PF

Filed on May 22, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$1,967,917

Expenses

$1,036,755

Net Income

$931,162

Net Assets

$20,428,878

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$11	0.0%
Dividends	$873,562	44.4%
Sales of Assets	$762,646	38.8%
Other Income	$294,078	14.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$664,945	64.1%
Compensation of Officers*	$77,855	7.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,439,331
Total Liabilities	$10,453
Net Assets	$20,428,878

Compensation

Key Employees and Officers	Compensation	Other
Philip J Mulanax (President, General Manager)	$38,722	$1,398
Julie A Sprenkle (Secretary/Treasurer)	$22,044	$898
Bruce E Hettenbach (Vice President)	$8,864	$508
Tim B Shafer (Trustee)	$2,100	$0
Alfred P Jones (Trustee)	$2,100	$0
Michael L Whitehair (Trustee)	$2,100	$0
Paul Martin (Trustee)	$1,925	$0

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990-PF

Filed on May 16, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$2,094,570

Expenses

$959,342

Net Income

$1,135,228

Net Assets

$19,524,444

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100	0.0%
Interest Revenue	$22	0.0%
Dividends	$777,868	37.1%
Sales of Assets	$1,047,170	50.0%
Other Income	$232,590	11.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$645,740	67.3%
Compensation of Officers*	$77,385	8.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$19,541,923
Total Liabilities	$17,479
Net Assets	$19,524,444

Compensation

Key Employees and Officers	Compensation	Other
Philip J Mulanax (President, General Manager)	$40,226	$1,517
Julie A Sprenkle (Secretary/Treasurer)	$20,627	$935
Bruce E Hettenbach (Vice President)	$9,182	$586
Paul Martin (Trustee)	$1,925	$0
Tim B Shafer (Trustee)	$1,925	$0
Alfred P Jones (Trustee)	$1,925	$0
Michael L Whitehair (Trustee)	$1,575	$0

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990-PF

Filed on May 17, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$2,924,763

Expenses

$880,633

Net Income

$2,044,130

Net Assets

$18,389,216

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200	0.0%
Interest Revenue	$37	0.0%
Dividends	$832,443	28.5%
Sales of Assets	$1,834,479	62.7%
Other Income	$221,784	7.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$573,952	65.2%
Compensation of Officers*	$72,926	8.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,393,516
Total Liabilities	$4,300
Net Assets	$18,389,216

Compensation

Key Employees and Officers	Compensation	Other
Philip J Mulanax (President, General Manager)	$36,935	$1,345
Julie A Sprenkle (Secretary/Treasurer)	$20,041	$838
Bruce E Hettenbach (Trustee)	$8,250	$75
Paul Martin (Trustee)	$2,100	$0
Alfred P Jones (Trustee)	$2,100	$0
Tim B Shafer (Trustee)	$1,750	$0
Michael L Whitehair (Trustee)	$1,750	$0

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990-PF

Filed on May 28, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$1,937,747

Expenses

$840,718

Net Income

$1,097,029

Net Assets

$16,356,806

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50	0.0%
Interest Revenue	$598	0.0%
Dividends	$850,330	43.9%
Sales of Assets	$833,186	43.0%
Other Income	$217,588	11.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$543,993	64.7%
Compensation of Officers*	$72,263	8.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,359,033
Total Liabilities	$2,227
Net Assets	$16,356,806

Compensation

Key Employees and Officers	Compensation	Other
Philip J Mulanax (President, General Manager)	$35,918	$600
Julie Sprenkle (Secretary/Treasurer)	$20,193	$1,557
Kenneth J Wetzel (Vice President)	$7,927	$0
Tim Shafer (Trustee)	$2,100	$0
Alfred P Jones (Trustee)	$2,100	$0
Bruce Hettenbach (Trustee)	$2,100	$0
Paul Martin (Trustee)	$1,925	$0

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990-PF

Filed on May 14, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$1,023,845

Expenses

$825,038

Net Income

$198,807

Net Assets

$15,263,652

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,306	0.1%
Interest Revenue	$2,214	0.2%
Dividends	$821,664	80.3%
Sales of Assets	-$33,526
Other Income	$196,267	19.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$545,233	66.1%
Compensation of Officers*	$70,953	8.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,267,008
Total Liabilities	$3,356
Net Assets	$15,263,652

Compensation

Key Employees and Officers	Compensation	Other
Philip J Mulanax (President, General Manager)	$35,460	$1,010
Julie Sprenkle (Secretary/Treasurer)	$20,555	$544
Kenneth J Wetzel (Vice President)	$8,638	$0
Alfred P Jones (Trustee)	$1,800	$0
Bruce Hettenbach (Trustee)	$1,800	$0
Paul Martin (Trustee)	$1,650	$0
Tim Shafer (Trustee)	$1,050	$0

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990-PF

Filed on May 30, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$1,535,313

Expenses

$870,867

Net Income

$664,446

Net Assets

$15,065,195

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$17,940	1.2%
Interest Revenue	$1,308	0.1%
Dividends	$742,177	48.3%
Sales of Assets	$575,995	37.5%
Other Income	$165,373	10.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$606,093	69.6%
Compensation of Officers*	$75,083	8.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,071,092
Total Liabilities	$5,897
Net Assets	$15,065,195

Compensation

Key Employees and Officers	Compensation	Other
Philip J Mulanax (Pr Esident, General Manager)	$37,483	$1,191
Peggy J Fletcher (Secretary Treasurer)	$23,460	$896
Kenneth J Wetzel (Vice President)	$8,290	$0
William H Sears (Trustee)	$1,800	$0
Alfred P Jones (Tr Ustee)	$1,800	$0
Paul Martin (Trustee)	$1,650	$0
Bruce Hettenbach (Tr Ustee)	$600	$0

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990-PF

Filed on June 12, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$1,347,179

Expenses

$904,787

Net Income

$442,392

Net Assets

$14,401,678

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,673	0.4%
Interest Revenue	$1,343	0.1%
Dividends	$885,981	65.8%
Sales of Assets	$227,775	16.9%
Other Income	$200,687	14.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$623,410	68.9%
Compensation of Officers*	$71,253	7.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,405,160
Total Liabilities	$3,482
Net Assets	$14,401,678

Compensation

Key Employees and Officers	Compensation	Other
Philip J Mulanax (Pr Esident, General Manager)	$33,533	$1,464
Peggy J Fletcher (Secretary Treasurer)	$23,765	$1,464
Kenneth J Wetzel (Vice President)	$8,255	$0
Alfred P Jones (Tr Ustee)	$1,800	$0
Paul Martin (Trustee)	$1,650	$0
William H Sears (Trustee)	$1,650	$0
Mark A Guilfoyle (Trustee)	$600	$0

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990-PF

Filed on June 9, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$3,518,999

Expenses

$905,577

Net Income

$2,613,422

Net Assets

$13,959,286

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,201	0.0%
Interest Revenue	$1,000	0.0%
Dividends	$801,885	22.8%
Sales of Assets	$2,524,934	71.8%
Other Income	$163,059	4.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$668,912	73.9%
Compensation of Officers*	$69,797	7.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,124,573
Total Liabilities	$165,287
Net Assets	$13,959,286

Compensation

Key Employees and Officers	Compensation	Other
Philip J Mulanax (President, General Manager)	$32,609	$840
Peggy J Fletcher (Secretary Treasurer)	$22,968	$581
Kenneth J Wetzel (Vice President)	$7,920	$0
Paul Martin (Trustee)	$1,800	$0
Alfred P Jones (Trustee)	$1,800	$0
William H Sears (Trustee)	$1,650	$0
Mark A Guilfoyle (Trustee)	$1,050	$0

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990-PF

Filed on June 15, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$1,514,826

Expenses

$915,079

Net Income

$599,747

Net Assets

$11,345,864

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$12,989	0.9%
Interest Revenue	$5,241	0.3%
Dividends	$732,116	48.3%
Sales of Assets	$551,470	36.4%
Other Income	$210,090	13.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$643,229	70.3%
Compensation of Officers*	$67,929	7.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,350,511
Total Liabilities	$4,647
Net Assets	$11,345,864

Compensation

Key Employees and Officers	Compensation	Other
Philip J Mulanax (President, General Manager)	$31,711	$897
Peggy J Fletcher (Secretary Treasurer)	$22,458	$620
Kenneth J Wetzel (Vice President)	$4,935	$0
Charles A Norman (Trustee)	$2,375	$0
Paul J Martin (Trustee)	$1,800	$0
William H Sears (Trustee)	$1,800	$0
Alfred P Jones (Trustee)	$1,800	$0
Mark A Guilfoyle (Trustee)	$1,050	$0

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990-PF

Filed on July 8, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$976,236

Expenses

$908,634

Net Income

$67,602

Net Assets

$11,707,727

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$7,102	0.7%
Interest Revenue	$2,253	0.2%
Dividends	$734,818	75.3%
Sales of Assets	$23,065	2.4%
Other Income	$182,498	18.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$659,334	72.6%
Compensation of Officers*	$68,011	7.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,711,540
Total Liabilities	$3,813
Net Assets	$11,707,727

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$2,005,616

Expenses

$815,474

Net Income

$1,190,142

Net Assets

$11,640,809

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$12,849	0.6%
Interest Revenue	$19,517	1.0%
Dividends	$670,806	33.4%
Sales of Assets	$1,093,896	54.5%
Other Income	$192,485	9.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$594,121	72.9%
Compensation of Officers*	$67,524	8.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,645,134
Total Liabilities	$4,325
Net Assets	$11,640,809

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Brown Memorial Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.83M (2024)

Expenses $1.3M (2024)

Total Assets $21.1M (2024)

Total Liabilities $37k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$1.83M (2024)

Expenses

$1.3M (2024)

Total Assets

$21.1M (2024)

Total Liabilities

$37k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001