Burden Foundation
- Assets
- $9.7m
- Revenue
- $669.2k
- Investments
- $9.7m
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 05/1963
- Data as of
- 12/2022
- EIN
- 72-6030712
Organization Overview
Burden Foundation is located in Baton Rouge, LA. The organization was established in 1963. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Burden 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, Burden Foundation generated $669.2k 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 (7.6%) each year. All expenses for the organization totaled $645.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard L Kilgore III President | 2 | $0 | |
Annette D Barton Vice Preside | 2 | $0 | |
G Trippe Hawthorne Secretary | 2 | $0 | |
Christopher L Odinet Treasurer | 2 | $0 | |
Dr Tom J Meek Board Member | 1 | $0 | |
Frances Monroe Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $264,437 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $404,763 |
| Capital Gain Net Income | $404,763 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $669,200 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,612 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,005 |
| Total operating and administrative expenses | $78,830 |
| Contributions, gifts, grants paid | $566,898 |
| Total expenses and disbursements | $645,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,554 |
| Savings and temporary cash investments | $30,580 |
| Net Accounts receivable | $10 |
| 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 | $3,517 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,334 |
| Total assets | $9,717,181 |
| 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, Burden Foundation has awarded $566,898 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LOUISIANA FOUNDATION PURPOSE: EDUCATION | $394,736 |
BATON ROUGE AREA FOUNDATION PURPOSE: CHARITABLE ENDOWMENT | $172,162 |