Burney-Fall River Education Foundation
- Assets
- $1.7m
- Revenue
- $86.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Mcarthur, CA
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 68-0253792
Organization Overview
Burney-Fall River Education Foundation is located in Mcarthur, CA. The organization was established in 1992. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Burney-Fall River Education 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 12/2022, Burney-Fall River Education Foundation generated $86.6k 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 (11.6%) each year. All expenses for the organization totaled $67.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (16.5%) per year over the past 4 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
THE FOUNDATION STRIVES TO INCREASE EDUCATIONAL OPPORTUNITIES IN THE BURNEY-FALL RIVER AREA. THE FOUNDATION SERVES AS A CUSTODIAN FOR TWELVE LOCAL SCHOLARSHIP FUNDS. THE FOUNDATION ALSO PROVIDES GRANTS TO LOCAL SCHOOLS TO ENABLE THEM TO OFFER PROGRAMS NOT OTHERWISE AVAILABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OFFERS SCHOLARSHIPS TO GRADUATING STUDENTS AND GRANTS TO TEACHERS OF THE FALL RIVER JOINT UNIFIED SCHOOL DISTRICT.
THE FOUNDATION ACTS AS A CUSTODIAN FOR TWELVE LOCAL SCHOLARSHIP FUNDS. INDEPENDENT COMMITTEES SELECT QUALIFIED LOCAL STUDENTS TO RECEIVE SCHOLARSHIPS FOR COLLEGE TUITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda C Carpenter Financial Of | OfficerTrustee | $0 | |
Karen Churney Director | Trustee | $0 | |
Arleen Earnest Secretary | OfficerTrustee | $0 | |
Tracy Geisler VP Grants | OfficerTrustee | $0 | |
Donna Hamilton Director | Trustee | $0 | |
Greg Hawkins President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,530 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,530 |
| Total Program Service Revenue | $0 |
| Investment income | $41,684 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,338 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $86,552 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,566 |
| Grants and other assistance to domestic individuals. | $35,350 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,793 |
| Fees for services: Other | $0 |
| Advertising and promotion | $935 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,763 |
| All other expenses | $115 |
| Total functional expenses | $67,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,592 |
| Savings and temporary cash investments | $76,986 |
| Pledges and grants receivable | $134,957 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,512,663 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,748,198 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $941,013 |
| Net assets with donor restrictions | $807,185 |
| 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 | $1,748,198 |