Fritz B Burns Foundation
- Assets
- $182.4m
- Revenue
- $19.9m
- Investments
- $165.5m
- Employees
- 0
- Location
- Woodland Hills, CA
- Founding
- 01/1995
- Data as of
- 09/2023
- EIN
- 94-3218106
Organization Overview
Fritz B Burns Foundation is located in Woodland Hills, CA. The organization was established in 1995. According to its NTEE Classification (G80) the organization is classified as: Specifically Named Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fritz B Burns 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 09/2023, Fritz B Burns Foundation generated $19.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $18.4m during the year ending 09/2023. While expenses have increased by 13.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fritz B Burns Foundation has awarded 140 individual grants totaling $80,869,884. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil J Rawlinson Director | 5 | $24,308 | |
Cheryl R Robinson Vp/director | 40 | $208,033 | |
Rex J Rawlinson Pres/directr | 40 | $291,805 | |
Michelle R Mitchell Director | 5 | $24,308 | |
Maureen E Rawlinson Vp/director | 40 | $207,751 | |
Justin E Rawlins Director | 5 | $24,308 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Earnest Partners | 9/29/23 | $316,954 |
Kayne Anderson Rudnick | 9/29/23 | $354,012 |
Bny Mellon Wealth Management | 9/29/23 | $519,362 |
Earnest Partners | 9/29/23 | $0 |
Kayne Anderson Rudnick | 9/29/23 | $0 |
Bny Mellon Wealth Management | 9/29/23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $148,775 |
| Dividends & Interest | $5,192,776 |
| Net Rental Income | $257,420 |
| Net Gain on Sale of Assets | $13,405,204 |
| Capital Gain Net Income | $13,405,204 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $337,408 |
| Total Revenue | $19,913,523 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $792,672 |
| Other employee salaries and wages | $72,186 |
| Pension plans, employee benefits | $67,119 |
| Interest | $0 |
| Taxes | $244,650 |
| Depreciation | $103,701 |
| Occupancy | $78,735 |
| Travel, conferences, and meetings | $2,963 |
| Printing and publications | $0 |
| Other expenses | $499,040 |
| Total operating and administrative expenses | $3,124,735 |
| Contributions, gifts, grants paid | $15,275,000 |
| Total expenses and disbursements | $18,399,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,775 |
| Savings and temporary cash investments | $12,978,230 |
| Net Accounts receivable | $590,207 |
| 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 | $68,725 |
| Net Investments - land, buildings, equipment | $2,902,643 |
| Investments—mortgage loans | $0 |
| Investments—other | $195,268 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,583 |
| Total assets | $182,370,451 |
| Accounts payable and accrued expenses | $43,875 |
| 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 | $43,875 |
Grants Awarded
Over the last fiscal year, Fritz B Burns Foundation has awarded $15,275,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHAM YOUNG UNIVERSITY PURPOSE: CONTRIBUTION IS TO A CHARITY EXEMPT UNDER SECTION 501(C)(3) WHICH IS NOT A PRIVATE FOUNDATION.CONTRIBUTION IS FOR ENDOWED FOOTBALL SCHOLARSHIPS. | $25,000 |
BRIGHAM YOUNG UNIVERSITY PURPOSE: CONTRIBUTION IS BEING MADE TO A CHARITY EXEMPT UNDER SECTION 501(C)(3) WHICH IS NOT A PRIVATE FOUNDATION. CONTRIBUTION IS TO PROVIDE FUNDING FOR ENDOWED SCHOLARSHIP FUND IN TECHNOLOGY. | $25,000 |
BRIGHAM YOUNG UNIVERSITY PURPOSE: CONTRIBUTION IS TO A CHARITY EXEMPT UNDER SECTION 501(C)(3) WHICH IS NOT A PRIVATE FOUNDATION. CONTRIBUTION IS FOR FUNDING OF FRITZ B. BURNS MERIT SCHOLARSHIP ENDOWED FUND IN LAW. | $25,000 |
BRIGHAM YOUNG UNIVERSITY PURPOSE: CONTRIBUTION IS TO A CHARITY EXEMPT UNDER SECTION 501(C)(3) WHICH IS NOT A PRIVATE FOUNDATION. CONTRIBUTION IS TO PROVIDE FUNDING FOR JOSEPH E. RAWLINSON ENDOWED ACCOUNTING SCHOLARSHIPS. | $25,000 |
BRIGHAM YOUNG UNIVERSITY PURPOSE: CONTRIBUTION IS TO CHARITY EXEMPT UNDER SECTION 501(C)(3) WHICH IS NOT A PRIVATE FOUNDATION. CONTRIBUTION IS TO PROVIDE FUNDING FOR FRITZ AND GLADYS BURNS ENDOWED PIANO SCHOLARSHIPS. | $25,000 |
BRIGHAM YOUNG UNIVERSITY PURPOSE: CONTRIBUTION IS TO A CHARITY EXEMPT UNDER SECTION 501(C)(3) WHICH IS NOT A PRIVATE FOUNDATION. CONTRIBUTION IS TO PROVIDE FUNDING FOR MAUREEN E. RAWLINSON ENDOWED NURSING SCHOLARSHIPS. | $25,000 |