Kenneth P And Sally Rich Burbidge Foundation
- Assets
- $3.8m
- Revenue
- $114.6k
- Investments
- $3.3m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 01/1999
- Data as of
- 12/2022
- EIN
- 87-0622260
Organization Overview
Kenneth P And Sally Rich Burbidge Foundation is located in Salt Lake City, UT. The organization was established in 1999. 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. Kenneth P And Sally Rich Burbidge 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, Kenneth P And Sally Rich Burbidge Foundation generated $114.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $252.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kenneth P And Sally Rich Burbidge Foundation has awarded 51 individual grants totaling $1,850,412. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF PUBLIC CHARITIES
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,722 |
| Dividends & Interest | $150,872 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$30,207 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$9,778 |
| Total Revenue | $114,609 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,853 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $274 |
| Total operating and administrative expenses | $61,049 |
| Contributions, gifts, grants paid | $191,390 |
| Total expenses and disbursements | $252,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $430,456 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,775,727 |
| 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, Kenneth P And Sally Rich Burbidge Foundation has awarded $191,390 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF UTAH DEVELOPMENT OFFI PURPOSE: ATHLETIC SUPPLORT | $63,035 |
UNIVERSITY OF UTAH DEVELOPMENT OFFI PURPOSE: ATHLETICS ACADEMIC CENTER OPERATING FUND | $33,985 |
UNIVERSITY OF UTAH DEVELOPMENT OFFI PURPOSE: OPERATING FUND ANNUAL SUPPORT | $86,370 |
SALT LAKE EDUCATION FOUNDATION PURPOSE: ANNUAL SUPPORT | $3,000 |
CRESTVIEW ELEMENTARY SCHOOL PURPOSE: ANNUAL SUPPORT | $1,000 |
UNIVERSITY OF UTAH PURPOSE: COLLEGE OF ENGINEERING SCHOLARSHIP | $4,000 |