Burdick-Thorne Foundation Tt
- Assets
- $9.2m
- Revenue
- $299.7k
- Investments
- $8.7m
- Employees
- 0
- Location
- Kalamazoo, MI
- Founding
- 05/1990
- Data as of
- 12/2022
- EIN
- 38-2904527
Organization Overview
Burdick-Thorne Foundation Tt is located in Kalamazoo, MI. The organization was established in 1990. 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. Burdick-Thorne Foundation Tt 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, Burdick-Thorne Foundation Tt generated $299.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $637.0k during the year ending 12/2022. While expenses have increased by 1.2% per year over the past 7 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 2016, Burdick-Thorne Foundation Tt has awarded 468 individual grants totaling $3,892,000. 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 C Melvin President/trustee | 1 | $0 | |
Loyal A Eldridge III Vice Pres/secretary/trustee | 1 | $0 | |
Betsy V Thorne Trustee | 1 | $0 | |
Andrea M Thorne Trustee | 1 | $0 | |
Bradley E Weller Vice Pres/treasurer/trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,364 |
| Dividends & Interest | $232,276 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,015 |
| Capital Gain Net Income | $62,015 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $299,655 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,292 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $770 |
| Total operating and administrative expenses | $143,027 |
| Contributions, gifts, grants paid | $494,000 |
| Total expenses and disbursements | $637,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $506,920 |
| 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 | $9,166,719 |
| 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, Burdick-Thorne Foundation Tt has awarded $494,000 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY HEALING CENTERS PURPOSE: OPERATING SUPPORT | $4,000 |
BACH FESTIVAL SOCIETY OF KALAMAZOO INC PURPOSE: OPERATING SUPPORT | $4,000 |
BOYS & GIRLS CLUBS OF GREATER KALAMAZOO INC PURPOSE: OPERATING SUPPORT | $5,000 |
ARTS COUNCIL OF GREATER KALAMAZOO PURPOSE: OPERATING SUPPORT | $11,000 |
CRESCENDO ACADEMY OF MUSIC INC PURPOSE: SCHOLARSHIPS | $3,000 |
FAMILY & CHILDREN SERVICES INC PURPOSE: OPERATING SUPPORT | $11,000 |