Burt Family Foundation Dtd 050997
- Assets
- $924.2k
- Revenue
- $196.7k
- Investments
- $795.1k
- Employees
- 0
- Location
- Hilton Head Island, SC
- Founding
- 03/1999
- Data as of
- 04/2022
- EIN
- 36-7190233
Organization Overview
Burt Family Foundation Dtd 050997 is located in Hilton Head Island, SC. The organization was established in 1999. 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. Burt Family Foundation Dtd 050997 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 04/2022, Burt Family Foundation Dtd 050997 generated $196.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $427.9k during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Burt Family Foundation Dtd 050997 has awarded 105 individual grants totaling $1,259,794. 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 |
|---|---|---|---|
Tracy C Burt Trustee | 10 | $39,085 | |
Lynn C Burt Trustee | 1 | $0 | |
Charles R Burt Trustee | 1 | $0 | |
Randolph N Burt Trustee | 1 | $0 | |
Robert N Burt Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,696 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $149,978 |
| Capital Gain Net Income | $149,978 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $196,674 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,085 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $95 |
| Printing and publications | $0 |
| Other expenses | $12,702 |
| Total operating and administrative expenses | $51,882 |
| Contributions, gifts, grants paid | $375,999 |
| Total expenses and disbursements | $427,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,091 |
| 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 | $924,223 |
| 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, Burt Family Foundation Dtd 050997 has awarded $375,999 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: GOALS OF THE RECIPIENT ORGANIZATION. | $50,000 |
Chicago, IL PURPOSE: ALL CONTRIBUTIONS ARE MADE TO FURTHER THE | $45,000 |
UNITED ROOTS PURPOSE: GOALS OF THE RECIPIENT ORGANIZATION. | $44,000 |
COLEMAN ADVOCATES SMAC PURPOSE: GOALS OF THE RECIPIENT ORGANIZATION. | $43,000 |
HOMEY PURPOSE: GOALS OF THE RECIPIENT ORGANIZATION. | $25,000 |
JUNIOR ACHIEVEMENT PURPOSE: ALL CONTRIBUTIONS ARE MADE TO FURTHER THE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |