Brackett Foundation

EIN: 161523586 501(c)(3) International Affairs

Hamilton, NY

Total Revenue
$677,654
Total Expenses
$610,301
Total Assets
$1,613,529
Net Assets
$1,613,529
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NY
Principal Officer
Paulo Flor
Phone
3158243435
Tax Period
2024-01-01 to 2024-12-31

Brackett Foundation, founded in 1997, is a small nonprofit in the International Affairs sector that reported $678K in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $610K left a modest 10% surplus.

Mission

Believing that the best hope for peace and happiness for mankind lies in education, we are dedicated to assisting refugees or displaced persons of any race,nationality, or creed to acquire an education. The focus is on refugees from Burma in Thailand, India,and Bangladesh.

Program Service Accomplishments

Program 1
Expenses: $50,413

Programs in Thailand - Scholarships: BREF distributed a total of 95 scholarships in 2024 to students from Myanmar studying in Thailand. 41 scholarships were at the university level, 44 scholarships...

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Programs in Thailand - Scholarships: BREF distributed a total of 95 scholarships in 2024 to students from Myanmar studying in Thailand. 41 scholarships were at the university level, 44 scholarships were awarded for high school students in the Mae Sot region and 10 scholarships were awarded for study at the Phayao Technical College. 16 university students graduated in 2024. In 2024, BREF conducted more outreach with the assistance of an in-country coordinator for the scholarship program in Thailand. BREF has also identified vocational schools with our target population and will be conducting a pilot program in 2025. In addition, BREF has revitalized the BREF Facebook page with updates on our activities and student accomplishments with the intent of increasing awareness of our program.

Program 2
Expenses: $70,364

Programs in Thailand Projects: As the influx of refugees has increased in response to renewed war in Myanmar, BREF has adapted and expanded our support for effective projects that support refugee...

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Programs in Thailand Projects: As the influx of refugees has increased in response to renewed war in Myanmar, BREF has adapted and expanded our support for effective projects that support refugee students. Successfully passing the American GED exam allows students who did not go to high school in Thailand qualify for university admission. In 2024 BREF expanded our support of funding the costs of GED exams for a total of 20 students in two locations; the BEAM Education Foundation in Chiang Mai as well as the Child Development Center at the Mae Tao Clinic in Mae Sot. In the Mae La Refugee camp we support a program linking English language students virtually with volunteer ESL teachers from all over the world for practice in conversational English as well as supporting computer programs. We continued our support of the Ban Nai Soy Community Learning Center in Mae Hong Son which helps students in a wide variety of ways including Thai language instruction and completion of high school requirements. We continued to support the migrant school at the Mae Tao Clinic. In addition, BREF continues to support a program in Bangkok that provides English and Thai instruction and basic computer skills to migrant Burmese workers. Evidence of the benefits of BREF long term involvement with refugees in Thailand was seen in the revival of support for Mae Khee High School on the border of Karen state in Myanmar and Thailand. BREF supported the school from 2003-2018 but as life became more stable in Karen state, the school closed in 2018. An increase in the refugee population after the 2019 military coup in Myanmar prompted the reopening of the school and renewed support from BREF in 2024. Currently the high school has 87 students.In cross border aid into Myanmar, political unrest continues to challenge education for internally displaced students. Local communities have worked hard to keep their schools open and continue to work to overcome interruptions in their children's educations. We supported 9 elementary and middle schools serving over 700 children in IDP areas where there is no support for education from the government. In the months since the coup, some of these schools temporarily closed or relocated due to government shelling. One of these is a unique animist school where Karen traditions are taught by elders from the community. We continue to support Children On The Edge (COTE) who provides early childhood education in 15 camps in Kachin State, Myanmar for over 500 children.

Program 3
Expenses: $434,793

Programs in Bangladesh: BREF supports educational assistance to over 7000 Rohingya children provided by Children On The Edge (COTE) in Kutupalaong refugee camp, the slums of Cox's Bazar, the Dohazari...

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Programs in Bangladesh: BREF supports educational assistance to over 7000 Rohingya children provided by Children On The Edge (COTE) in Kutupalaong refugee camp, the slums of Cox's Bazar, the Dohazari Enclaves, and Basan Char Island. COTE has had significant recent success developing a written script for Rohingya students in their native tongue. Educators are quickly creating lessons, learning materials, conducting pilot programs, with the aim to scale up and fully deploy by the end of 2025. This generation will be the first Rohingya who will write in their native language.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $666,586
Program Service Revenue $0
Investment Income $11,068
Other Revenue $0
TOTAL REVENUE $677,654

Expense Breakdown

Grants Paid $587,106
Salaries & Benefits $0
Fundraising Expenses $6,062
Program Expenses $598,214
Other Expenses $23,195
TOTAL EXPENSES $610,301

Year-over-Year Comparison

2024 2023 Change
Revenue $677,654 $454,484 +0.5%
Expenses $610,301 $501,955 +0.2%
Net Income $67,353 $-47,471 -2.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
6
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Russell Brackett Executive Director/Chair 5.00
Officer Director
$0 $0 $0
Brian Brackett Trustee 6.00
Director
$0 $0 $0
John Littleton Trustee 4.00
Director
$0 $0 $0
Melinda Jackson Trustee 15.00
Director
$0 $0 $0
Jenny Jones Trustee 6.00
Director
$0 $0 $0
Paulo Flor Treasurer 8.00
Officer Director
$0 $0 $0
Penelope Brackett Secretary 4.00
Officer Director
$0 $0 $0
Kathy Sabino Trustee 6.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $677,654 $610,301 $1,613,529 $67,353
2023 $454,484 $501,955 $1,259,141 $-47,471
2022 $492,611 $518,048 $1,000,543 $-25,437
2021 $501,794 $497,305 $1,339,171 $4,489
2020 $578,403 $460,768 $1,111,592 $117,635
2019 $426,805 $498,668 $939,413 $-71,863
2018 $329,159 $379,253 $828,486 $-50,094
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