Burgess Foundation
- Assets
- $1.7m
- Revenue
- $241.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Onawa, IA
- Founding
- 01/1983
- Data as of
- 06/2022
- EIN
- 42-1188964
Organization Overview
Burgess Foundation is located in Onawa, IA. The organization was established in 1983. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Burgess 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 06/2022, Burgess Foundation generated $241.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $107.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING TO SUPPORT BURGESS HEALTH CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BURGESS FOUNDATION ASSISTS IN THE ACCUMULATION OF FUNDS FOR MAINTENANCE AND EXPANSION OF BURGESS HEALTH CENTER, AN EXEMPT ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geri Johnson President | OfficerTrustee | 2 | $0 |
Susan Johnson Vice President | OfficerTrustee | 2 | $0 |
Larae Mckinven Secretary/treasurer | OfficerTrustee | 2 | $0 |
Tammy Bramley Director | Trustee | 2 | $0 |
Scott Brekke Director | Trustee | 2 | $0 |
Lou Hewitt Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $118,927 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,968 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,895 |
| Total Program Service Revenue | $0 |
| Investment income | $79,624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,564 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $241,083 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,593 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $63,861 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $938 |
| Advertising and promotion | $2,722 |
| Office expenses | $2,701 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $839 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $641 |
| Total functional expenses | $107,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,884 |
| Savings and temporary cash investments | $117,473 |
| Pledges and grants receivable | $2,280 |
| Accounts receivable, net | $294 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,397 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,443,855 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63 |
| Total assets | $1,712,246 |
| Accounts payable and accrued expenses | $10,237 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,909 |
| Total liabilities | $15,146 |
| Net assets without donor restrictions | $1,668,670 |
| Net assets with donor restrictions | $28,430 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,712,246 |