David S Bourne Foundation Inc
- Assets
- $1.1m
- Revenue
- $236.1k
- Investments
- $1.1m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 03/2005
- Data as of
- 12/2022
- EIN
- 20-2047629
Organization Overview
David S Bourne Foundation Inc is located in Madison, WI. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. David S Bourne 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, David S Bourne Foundation Inc generated $236.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $50.4k during the year ending 12/2022. While expenses have increased by 8.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, David S Bourne Foundation Inc has awarded 45 individual grants totaling $255,250. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DAVID S. BOURNE FOUNDATION PROVIDED GRANTS TO FIVE CHARITABLE ORGANIZATIONS DURING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damon Bourne President/secretary | 2 | $0 | |
Ronald Bourne Treasurer | 0.05 | $0 | |
Frieda Bourne Vice President | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,693 |
| Interest on Savings | $40 |
| Dividends & Interest | $21,014 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,334 |
| Capital Gain Net Income | $14,334 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $236,081 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,413 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,925 |
| Contributions, gifts, grants paid | $37,500 |
| Total expenses and disbursements | $50,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,701 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,118,948 |
| 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, David S Bourne Foundation Inc has awarded $37,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ROOTED WI INC PURPOSE: URBAN AGRICULTURE TRAINING FUND | $10,000 |
REAP FOOD GROUP PURPOSE: JUVENTUD COOKING SERIES/YOUTH FOOD AMBASSADORS | $10,000 |
EAST MADISON COMMUNITY CENTER PURPOSE: SUPPORT FIT FOR THE FUTURE | $5,000 |
SECOND HARVEST FOODBANK PURPOSE: FOOD FOR THOUGHT INITIATIVE | $7,500 |
MADISON BACH MUSICIANS INC PURPOSE: GENERAL SUPPORT | $5,000 |