Burroughs Wellcome Fund
- Assets
- $792.3m
- Revenue
- $28.0m
- Investments
- $782.7m
- Employees
- 0
- Location
- Research Triangle Park, NC
- Founding
- 10/1972
- Data as of
- 08/2023
- EIN
- 23-7225395
Organization Overview
Burroughs Wellcome Fund is located in Research Triangle Park, NC. The organization was established in 1972. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Burroughs Wellcome Fund 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 08/2023, Burroughs Wellcome Fund generated $28.0m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $37.0m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Muglia President - Director | 38 | $475,586 | |
Scott Schoedler V.P. Finance | 38 | $416,904 | |
Brenda Andrews Board Member | 1 | $10,000 | |
Terrence Dermody Board Member/invest Committee | 1 | $11,500 | |
Brian Druker Board Member | 1 | $10,000 | |
Geoffrey Gerber Investment Committee | 1 | $1,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Columbia Threadneedle Ameriprise Inc | 8/30/23 | $419,113 |
Loomis Sayles | 8/30/23 | $448,176 |
State Street Bank | 8/30/23 | $357,243 |
Brown Advisory | 8/30/23 | $329,178 |
Lsv Asset Management | 8/30/23 | $249,894 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $49,936 |
| Dividends & Interest | $9,370,068 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,971,896 |
| Capital Gain Net Income | $14,948,990 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,648,304 |
| Total Revenue | $28,040,204 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,018,490 |
| Other employee salaries and wages | $2,384,928 |
| Pension plans, employee benefits | $1,047,598 |
| Interest | $0 |
| Taxes | $291,385 |
| Depreciation | $410,001 |
| Occupancy | $348,450 |
| Travel, conferences, and meetings | $1,416,856 |
| Printing and publications | $158,617 |
| Other expenses | $1,385,071 |
| Total operating and administrative expenses | $11,955,017 |
| Contributions, gifts, grants paid | $25,002,000 |
| Total expenses and disbursements | $36,957,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,085,360 |
| Net Accounts receivable | $112,090 |
| 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 | $28,076 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $248,579,504 |
| Net Land, buildings, and equipment | $6,119,435 |
| Other assets | $1,323,901 |
| Total assets | $792,326,837 |
| Accounts payable and accrued expenses | $3,945,794 |
| Grants payable | $97,473,693 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,864,341 |
| Total liabilities | $103,283,828 |