Brittingham Foundation Inc

EIN: 862288385 501(c)(3)

Wilmington, NC

Total Revenue
$616,002
Total Expenses
$389,270
Total Assets
$457,617
Net Assets
$451,014
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NC
Principal Officer
Martin Brittingham
Tax Period
2024-01-01 to 2024-12-31

Brittingham Foundation Inc, founded in 2021, is a small nonprofit that reported $616K in total revenue in fiscal year 2024. Revenue surged 180% from the prior year, signaling strong growth momentum. The organization ran a surplus of $227K, a strong 37% operating margin.

Mission

At the Britt Foundation mentorship is not just a program-its a calling. Our goal is to develop young leaders through adventure pushing them to grow physically mentally and spiritually. We believe that mentorship is about more than just guidance; its about walking alongside someone investing in their journey and leading by example.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $616,089
Program Service Revenue $3,600
Investment Income $1,116
Other Revenue $-4,803
TOTAL REVENUE $616,002

Expense Breakdown

Grants Paid $6,022
Salaries & Benefits $0
Fundraising Expenses $420
Program Expenses $283,700
Other Expenses $383,248
TOTAL EXPENSES $389,270

Year-over-Year Comparison

2024 2023 Change
Revenue $616,002 $219,953 +1.8%
Expenses $389,270 $81,306 +3.8%
Net Income $226,732 $138,647 +0.6%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
5364

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
$60,000
Total Directors
3
$0
Key Employees
1
$60,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Fitzhugh Lee Board Member 0.60
Director
$0 $0 $0
Brian Tucker Board Member 0.25
Director
$0 $0 $0
Ryan Penne Outdoor Program Advisor 0.40
Director
$0 $0 $0
Martin Brittingham Jr Executive Director 40.00
Officer Key Emp
$60,000 $0 $60,000
Martin Brittingham Sr Treasurer 0.25
Officer
$0 $0 $0
Matthew Mansfield Secretary 0.25
Officer
$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 $616,002 $389,270 $457,617 $226,732
2023 $219,953 $81,306 $224,282 $138,647
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