Burnstad Family Foundation Inc
- Assets
- $2.1m
- Revenue
- $114.0k
- Investments
- $2.1m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 12/2003
- Data as of
- 12/2022
- EIN
- 20-0299399
Organization Overview
Burnstad Family Foundation Inc is located in Madison, WI. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Burnstad Family 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 12/2022, Burnstad Family Foundation Inc generated $114.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $122.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Burnstad Family Foundation Inc has awarded 37 individual grants totaling $565,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor C Burnstad President | 0.2 | $0 | |
Kent V Burnstad Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,829 |
| Dividends & Interest | $19,547 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $83,578 |
| Capital Gain Net Income | $83,578 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $113,954 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,245 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $122,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,477 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,114,255 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Burnstad Family Foundation Inc has awarded $100,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF WEST CENTRAL WISCON PURPOSE: TO HELP THE CLUB PROVIDE BOYS AND GIRLS A PLACE TO LEARN, GROW AND REACH THEIR FULL POTENTIAL. | $10,000 |
CHASING DAYLIGHT ANIMAL SHELTER INC PURPOSE: ASSIST THE ORGANIZATION IN PROVIDING CARE, SHELTER AND TO IMPROVE THE GENERAL WELFARE OF ANIMALS. | $10,000 |
TOMAH SENIOR CENTER PURPOSE: PROVIDES A PLACE FOR SENIORS AND DISABLED PERSONS TO GATHER FOR SOCIAL AND WELLNESS ACTIVITIES. | $40,000 |
NEIGHBOR FOR NEIGHBOR FOOD PANTRY PURPOSE: TO HELP LOW INCOME FAMILIES AND INDIVIDUALS BY PROVIDING THEM WITH FOOD AND OTHER PARISHABLES. | $20,000 |
FAMILIES FIRST OF MONROE COUNTY PURPOSE: DONATIONS TO ASSIST VOLUNTEER NEEDS OF COMMUNITY | $5,000 |
BRIGHTER TOMORROWS MONROE COUNTY PURPOSE: ONATION TO ASSIST NEEDS OF THE COMMUNITY | $10,000 |