The Winifred Masterson Burke Foundation Inc
- Assets
- $118.4m
- Revenue
- $10.3m
- Investments
- $67.1m
- Employees
- 0
- Location
- White Plains, NY
- Founding
- 04/1988
- Data as of
- 12/2021
- EIN
- 13-3434928
Organization Overview
The Winifred Masterson Burke Foundation Inc is located in White Plains, NY. The organization was established in 1988. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winifred Masterson Burke Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Winifred Masterson Burke Foundation Inc generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $4.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WINIFRED MASTERSON BURKE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE FUNDING TO THE W.M. BURKE MEDICAL RESEARCH INSTITUTE AND FUND PROJECTS FOR THE BURKE REHAB HOSPITAL AT THE FOUNDATION'S BOARD DISCRETION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT TO THE WINIFRED MASTERSON BURKE MEDICAL RESEARCH INSTITUTE. THE WINFRED MASTERSON BURKE MEDICAL RESEARCH INSTITUTE IS AN IMPORTANT ENGINE FOR BURKE'S QUEST TO DELIVER THE BEST REHABILITATION STRATEGIES NOT ONLY FOR TODAY BUT ALSO FOR TOMORROW. THE INSTITUTE WAS CREATED IN 1978 TO FOSTER THE DEVELOPMENT OF NEW APPROACHES TO COGNITIVE AND MOTOR REHABILITIATION, AND HAS ENJOYED A LONG STANDING SYNERGY WITH THE WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY. SINCE ITS INCEPTION, THE BREADTH AND DEPTH OF RESEARCH GOING ON AT BURKE HAS DRAMATICALLY EXPANDED. THE CURRENT RESEARCH ON MOLECULES THAT ARE CRITICAL FOR BRAIN REPAIR AND PLASTICITY ARE COUPLED WITH DRUG DISCOVERIES, NOVEL CELL TRANSPLANTATION APPROACHES, HUMAN BIO-MARKERS, NON-EVASIVE BRAIN STIMULATION TRIALS IN HUMANS AND ROBOTICS ARE PROVIDING AN EXCITING NEW BASE OF KNOWLEDGE ON WHICH THE REHABILITATION THERAPIES OF TOMORROW FOR STROKE, SPINAL CORD, AND TRAUMATIC BRAIN INJURY WILL BE BUILT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcus D Baker Co-Chair | OfficerTrustee | 1 | $0 |
Donald E Foley Co-Chair | OfficerTrustee | 1 | $0 |
Anthony Gioffre III Secretary | OfficerTrustee | 1 | $0 |
Wilfred Finnegan Treasurer | OfficerTrustee | 1 | $0 |
Jeffrey Coe Trustee | Trustee | 1 | $0 |
Nancy Mackey Loudon Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $3,487,546 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,780,828 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,283,503 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,100,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $81,689 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $591,665 |
| Fees for services: Other | $98,795 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,792 |
| All other expenses | $0 |
| Total functional expenses | $4,874,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,804,612 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,796 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $176,475 |
| Investments—publicly traded securities | $46,346,403 |
| Investments—other securities | $67,064,640 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $118,441,926 |
| Accounts payable and accrued expenses | $204,471 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $204,471 |
| Net assets without donor restrictions | $118,237,455 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $118,441,926 |
Grants Awarded
Over the last fiscal year, The Winifred Masterson Burke Foundation Inc has awarded $4,267,620 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WINIFRED MASTERSON BURKE MEDICAL RESEARCH PURPOSE: MEDICAL RESEARCH | $3,629,398 |
WINIFRED MASTERSON BURKE REHAB HOSPITAL | | | $638,222 |