The Burnap Foundation Inc
- Assets
- $9.2m
- Revenue
- $626.8k
- Investments
- $8.9m
- Employees
- 0
- Location
- Hailey, ID
- Founding
- 10/1996
- Data as of
- 04/2024
- EIN
- 31-1475728
Organization Overview
The Burnap Foundation Inc is located in Hailey, ID. The organization was established in 1996. 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. Burnap 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 04/2024, Burnap Foundation Inc generated $626.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $1.1m during the year ending 04/2024. While expenses have increased by 7.6% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Bullis ESQ Vice President | 0 | $30,000 | |
Christiane Burnap Director | 10 | $30,000 | |
Ian Burnap Director | 10 | $30,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $603,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $2,547,982 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,303 |
| Total Revenue | $626,794 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,847 |
| Total operating and administrative expenses | $270,343 |
| Contributions, gifts, grants paid | $855,000 |
| Total expenses and disbursements | $1,125,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,296 |
| Savings and temporary cash investments | $230,840 |
| 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 | $173,000 |
| Net Land, buildings, and equipment | $178 |
| Other assets | $5,541 |
| Total assets | $9,201,597 |
| 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 | $63,664 |
| Total liabilities | $63,664 |