Burroughs Memorial Trust
- Assets
- $583.4k
- Revenue
- $37.8k
- Investments
- $560.5k
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 09/1960
- Data as of
- 12/2022
- EIN
- 38-6041206
Organization Overview
Burroughs Memorial Trust is located in Columbus, OH. The organization was established in 1960. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Burroughs Memorial Trust 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, Burroughs Memorial Trust generated $37.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $60.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Burroughs Memorial Trust has awarded 60 individual grants totaling $148,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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 |
|---|---|---|---|
Jonathan E Burroughs II Co-Trustee | 1 | $0 | |
Samuel Stewart III Co-Trustee | 1 | $0 | |
Heather Williams Co-Trustee | 1 | $0 | |
Jonathan Burroughs III Co-Trustee | 1 | $0 | |
Joseph S Burroughs Co-Trustee | 1 | $0 | |
Huntington National Bank Trustee | 1 | $13,129 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,986 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,785 |
| Capital Gain Net Income | $13,785 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,771 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,129 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,464 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,843 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $60,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1,325 |
| Savings and temporary cash investments | $24,213 |
| 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 | $583,354 |
| 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, Burroughs Memorial Trust has awarded $45,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES PURPOSE: FOOD FOR THOSE IN NEED | $5,000 |
FOOD BANK OF EASTERN MICHIGAN PURPOSE: GENERAL OPERATING | $3,000 |
GENESEE AREA FOCUS FUND PURPOSE: GENERAL OPERATING | $2,000 |
FAITH FOUNDATION RESOURCES PURPOSE: GENERAL OPERATING | $1,000 |
FLINT DIAPER BANK PURPOSE: DIAPERS FOR POOR CHILDREN | $1,500 |
BIG BROTHERS BIG SISTERS PURPOSE: SUPPORT | $500 |