Burns Family Foundation
- Assets
- $813.4k
- Revenue
- $4.9k
- Investments
- $796.3k
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 02/2008
- Data as of
- 12/2022
- EIN
- 26-1549838
Organization Overview
Burns Family Foundation is located in Bloomington, MN. The organization was established in 2008. 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. Burns Family Foundation 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, Burns Family Foundation generated $4.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (60.3%) each year. All expenses for the organization totaled $146.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Burns Family Foundation has awarded 96 individual grants totaling $297,620. 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 |
|---|---|---|---|
Kathryn A Burns Director/ceo/treasurer | 0.5 | $0 | |
Colleen Burns Harristhal Director | 0.5 | $0 | |
Tracy M Burns Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,841 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,981 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,860 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,844 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $51 |
| Total operating and administrative expenses | $21,104 |
| Contributions, gifts, grants paid | $125,050 |
| Total expenses and disbursements | $146,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,068 |
| Savings and temporary cash investments | $0 |
| 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 | $813,374 |
| 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, Burns Family Foundation has awarded $125,050 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
UNION GOSPEL MISSION PURPOSE: GENERAL | $250 |
BIRCH GROVE COMMUNITY SCHOOL PURPOSE: GENERAL | $500 |
OASIS FOR YOUTH PURPOSE: GENERAL | $500 |
ACHIEVE MINNEAPOLIS PURPOSE: GENERAL | $500 |
SHARING & CARING HANDS PURPOSE: GENERAL | $500 |
ANN BANCROFT FOUNDATION PURPOSE: GENERAL | $500 |