Burns Foundation
- Assets
- $406.3k
- Revenue
- $74.9k
- Investments
- $373.6k
- Employees
- 0
- Location
- Petoskey, MI
- Founding
- 08/1949
- Data as of
- 12/2023
- EIN
- 38-6034469
Organization Overview
Burns Foundation is located in Petoskey, MI. The organization was established in 1949. According to its NTEE Classification (G80) the organization is classified as: Specifically Named Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Burns 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 12/2023, Burns Foundation generated $74.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $100.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Burns Foundation has awarded 49 individual grants totaling $722,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcella Lacey Burns President | 0 | $0 | |
Christina Burns Farrell Vice Preside | 0 | $0 | |
Shirley B Burns Secretary | 2 | $4,000 | |
Courtney Burns Rosevear Treasurer | 0 | $0 | |
Dean D Burns Deceased Prior Presid | 2 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $88 |
| Dividends & Interest | $29,552 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,291 |
| Capital Gain Net Income | $45,291 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $74,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $724 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $457 |
| Total operating and administrative expenses | $15,031 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $100,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,520 |
| Savings and temporary cash investments | $9,198 |
| 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 | $406,283 |
| 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 Foundation has awarded $85,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MICHIGAN DYSLEXIA INSTITUTE NM PURPOSE: TESTING & TREATMENT | $10,000 |
MCLAREN NORTHERN MICHIGAN FOUNDATIO PURPOSE: HEALTH SCIENCE LIBRARY | $45,000 |
SALVATION ARMY PURPOSE: LITTLE TRAVERSE BAY HOSPICE FUND | $15,000 |
PLANNED PARENTHOOD OF NORTHERN MICH PURPOSE: HEALTH CENTER | $15,000 |