JOSEPH S BRUNO EDUCATIONAL FOUNDATION (FORMERLY JOSEPH S BRUNO FOUNDATION)

EIN: 630816873 501(c)(3) Education

BIRMINGHAM, AL

Total Revenue
$2,353,418
Total Expenses
$2,750,466
Total Assets
$6,610,829
Net Assets
$5,886,900
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
AL
Principal Officer
ROBERT SPRAIN JR
Phone
2059916809
Tax Period
2024-09-01 to 2025-08-31

JOSEPH S BRUNO EDUCATIONAL FOUNDATION (FORMERLY JOSEPH S BRUNO FOUNDATION), founded in 1982, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2017. Revenue surged 37% from the prior year, signaling strong growth momentum. Net assets of $7.5M represent 42 months of operating reserves.

Mission

TO PROVIDE A LEARNING ENVIRONMENT FOR YOUNG CHILDREN.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $38,918
Program Service Revenue $1,831,777
Investment Income $434,546
Other Revenue $48,177
TOTAL REVENUE $2,353,418

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,759,779
Fundraising Expenses $0
Program Expenses $2,615,800
Other Expenses $990,687
TOTAL EXPENSES $2,750,466

Year-over-Year Comparison

2024 2023 Change
Revenue $2,353,418 $1,978,999 +0.2%
Expenses $2,750,466 $2,407,764 +0.1%
Net Income $-397,048 $-428,765 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
5
Independent Members
3
Employees
43
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT SPRAIN JR SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
KATHERINE B SPRAIN PRESIDENT 10.00
Officer Director
$0 $0 $0
WILLIAM BELSER DIRECTOR 1.00
Director
$0 $0 $0
JAY WATERS DIRECTOR 1.00
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
2025 $2,353,418 $2,750,466 $6,610,829 $-397,048
2024 $1,978,999 $2,407,764 $6,888,639 $-428,765
2023 $2,893,975 $2,267,848 $7,375,401 $626,127
2022 $1,657,439 $2,082,053 $6,650,560 $-424,614
2021 $2,001,949 $2,031,062 $7,016,155 $-29,113
2020 $1,610,409 $2,215,394 $7,394,896 $-604,985
2019 $1,904,606 $2,236,133 $7,971,675 $-331,527
2018 $2,140,200 $2,290,339 $8,288,555 $-150,139
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