Fran & Jean Burst Educational Foundation Incorporated
- Assets
- $704.3k
- Revenue
- $84.5k
- Investments
- $667.6k
- Employees
- 0
- Location
- Greensburg, IN
- Founding
- 09/1997
- Data as of
- 06/2023
- EIN
- 35-2000893
Organization Overview
Fran & Jean Burst Educational Foundation Incorporated is located in Greensburg, IN. The organization was established in 1997. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fran & Jean Burst Educational Foundation Incorporated 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 06/2023, Fran & Jean Burst Educational Foundation Incorporated generated $84.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $66.8k during the year ending 06/2023. While expenses have increased by 5.6% per year over the past 5 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 2019, Fran & Jean Burst Educational Foundation Incorporated has awarded 45 individual grants totaling $224,000. 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 |
|---|---|---|---|
James H Freeland President | 0.1 | $0 | |
Paul Ketcham Vice President | 0 | $0 | |
Annette Hunger Secretary | 0 | $0 | |
Nancy Narwold Secretary | 1 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,673 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,863 |
| Capital Gain Net Income | $55,863 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $84,536 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,500 |
| 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 | $807 |
| Total operating and administrative expenses | $15,829 |
| Contributions, gifts, grants paid | $51,000 |
| Total expenses and disbursements | $66,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,741 |
| 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 | $1 |
| Total assets | $704,305 |
| 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, Fran & Jean Burst Educational Foundation Incorporated has awarded $51,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ELIZABETH HEIDLAGE PURPOSE: SCHOLARSHIP | $6,000 |
ALLISON ANDREWS PURPOSE: SCHOLARSHIP | $6,000 |
GRACE TONGES PURPOSE: SCHOLARSHIP | $7,500 |
SOPHIE WESSELER PURPOSE: SCHOLARSHIP | $7,500 |
ANNA GERTH PURPOSE: SCHOLARSHIP | $6,000 |
LILY MEYER PURPOSE: SCHOLARSHIP | $6,000 |