Donald A Burns Foundation Inc
- Assets
- $3.8m
- Revenue
- $81.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 65-0870379
Organization Overview
Donald A Burns Foundation Inc is located in Palm Beach, FL. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Donald A Burns 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 12/2022, Donald A Burns Foundation Inc generated $81.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.8%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Donald A Burns Foundation Inc has awarded 154 individual grants totaling $2,785,231. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,333 |
| Dividends & Interest | $45,607 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,793 |
| Capital Gain Net Income | $4,793 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $949 |
| Total Revenue | $81,682 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $132,449 |
| Other employee salaries and wages | $197,769 |
| Pension plans, employee benefits | $32,052 |
| Interest | $0 |
| Taxes | $26,459 |
| Depreciation | $37,231 |
| Occupancy | $65,181 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $82,553 |
| Total operating and administrative expenses | $621,359 |
| Contributions, gifts, grants paid | $409,750 |
| Total expenses and disbursements | $1,031,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $70,472 |
| 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 | $2,599,455 |
| 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 | $1,333 |
| Other assets | $2,072 |
| Total assets | $3,838,721 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $15,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,000 |
Grants Awarded
Over the last fiscal year, Donald A Burns Foundation Inc has awarded $409,750 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AIDS LIFE CYCLE PURPOSE: GENERAL SUPPORT | $750 |
AMERICAN FRIENDS OF THE ROYAL FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
CHILDREN'S HOME SOCIETY PURPOSE: GENERAL SUPPORT | $10,000 |
LGBTQ VICTORY FUND PURPOSE: GENERAL SUPPORT | $200,000 |
COMPASS PURPOSE: GENERAL SUPPORT | $10,000 |
PALM BEACH POLICE FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |