Jack Burbage Foundation Inc
- Assets
- $1.1m
- Revenue
- $989.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Ocean City, MD
- Founding
- 02/2001
- Data as of
- 06/2022
- EIN
- 52-2207846
Organization Overview
Jack Burbage Foundation Inc is located in Ocean City, MD. The organization was established in 2001. 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. Jack Burbage Foundation Inc 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, Jack Burbage Foundation Inc generated $989.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 58.3% each year . All expenses for the organization totaled $259.0k during the year ending 06/2022. While expenses have increased by 24.2% per year over the past 6 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 2015, Jack Burbage Foundation Inc has awarded 72 individual grants totaling $910,325. 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 |
|---|---|---|---|
John H Burbage Jr Director | 0 | $0 | |
Barbara Ann Ross Director | 0 | $0 | |
Todd E Burbage Director | 0 | $0 | |
Lou Taylor Director | 0 | $0 | |
Cheryl Torpay Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $956,000 |
| Interest on Savings | $7 |
| Dividends & Interest | $0 |
| Net Rental Income | $7,222 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $989,938 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $9,669 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,056 |
| Total operating and administrative expenses | $28,442 |
| Contributions, gifts, grants paid | $230,533 |
| Total expenses and disbursements | $258,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $632 |
| 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 | $811,831 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $103,500 |
| Other assets | $232,110 |
| Total assets | $1,148,073 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $415,220 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $415,220 |
Grants Awarded
Over the last fiscal year, Jack Burbage Foundation Inc has awarded $230,533 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ATLANTIC GENERAL HOSPITAL PURPOSE: TO PROVIDE A COORDINATED CARE SYSTEM WITH ACCESS TO QUALITY CARE, PERSONALIZED SERVICE AND EDUCATION TO CREATE A HEALTHY COMMUNITY. | $200,000 |
SEASIDE CHRISTIAN ACADEMY PURPOSE: TOEDUCATECHILDREN SPIRITUALLY, ACADEMICALLY, SOCIALLY, AND PHYSICALLY, EQUIPPING THEM FOR EVERY GOOD WORK IN CHRIST JESUS. | $5,150 |
INDIGENT PERSONS RECEIVING LESS THAN 1000 EACH PURPOSE: TO PROVIDE ASSISTANCE TO INDIGENT FAMILIES. | $11,778 |
WASHINGTON COLLEGE PURPOSE: SCHOLARSHIP FUND. | $2,500 |
SEASIDE CHRISTIAN ACADEMY PURPOSE: SCHOLARSHIP FUND. | $5,000 |
STEPHEN DECATUR ATHLETIC BOOSTERS PURPOSE: TO ASSIST STUDENTS IN THE DEVELOPMENT OF THE WHOLE PERSON THROUGH EDUCATION AND COMPETITION, AND TO STIMULATE A LASTING ATTITUDE OF DISCIPLINE, INTEGRITY, LEADERSHIP AND SOCIAL RESPONSIBILITY. | $100 |