Burroughs Family Foundation Dtd 12-1-2022
- Assets
- $5.1m
- Revenue
- $268.0k
- Investments
- $4.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 92-1213527
Organization Overview
Burroughs Family Foundation Dtd 12-1-2022 is located in Wilmington, DE. 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. Burroughs Family Foundation Dtd 12-1-2022 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 12/2023, Burroughs Family Foundation Dtd 12-1-2022 generated $268.0k in total revenue.
Since 2023, Burroughs Family Foundation Dtd 12-1-2022 has awarded 24 individual grants totaling $155,000. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy L Bartmess Trustee | 1 | $0 | |
Richard Burroughs Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $112,317 |
| Dividends & Interest | $61,661 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $94,046 |
| Capital Gain Net Income | $1,429,248 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $268,024 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,582 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,829 |
| Total operating and administrative expenses | $55,774 |
| Contributions, gifts, grants paid | $155,000 |
| Total expenses and disbursements | $210,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $939,862 |
| Net Accounts receivable | $1,349 |
| 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 | $200,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,123,438 |
| 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, Burroughs Family Foundation Dtd 12-1-2022 has awarded $155,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ACSC INCORPORATED PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
AMELIA COMMUNITY THEATRE ASSOCIATION INC PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
AMELIA ISLAND OPERA INC PURPOSE: LA BOHEME PERFORMANCE | $5,000 |
AMELIA ISLAND CHAMBER MUSIC FESTIVAL INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
AMELIA ISLAND SINGERS INC PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
ARTS ALIVE NASSAU INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |