Burroughs Wellcome Fund
- Assets
- $946.8m
- Revenue
- $86.3m
- Investments
- $936.1m
- Employees
- 0
- Location
- Research Triangle Park, NC
- Founding
- 10/1972
- Data as of
- 08/2021
- EIN
- 23-7225395
Organization Overview
Burroughs Wellcome Fund is located in Research Triangle Park, NC. The organization was established in 1972. According to its NTEE Classification (T21) the organization is classified as: Corporate 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 Wellcome Fund 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 08/2021, Burroughs Wellcome Fund generated $86.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $48.1m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Muglia President - Director | 0 | $442,900 | |
Scott Schoedler V.P. Finance | 0 | $388,251 | |
Ken Browndorf Sr. Asset & Acct Mgr | 38 | $163,055 | |
Victoria Mcgovern Sr. Program Officer | 38 | $151,054 | |
Rolly Simpson Sr. Program Officer | 38 | $126,427 | |
Kelly Rose Program Officer | 38 | $125,112 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hardman Johnston Global Advisors | 8/30/21 | $377,782 |
Capital Group | 8/30/21 | $247,596 |
Bmo Asset Management | 8/30/21 | $361,963 |
Brown Advisory | 8/30/21 | $470,258 |
Loomis Sayles | 8/30/21 | $424,597 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,531 |
| Dividends & Interest | $9,737,880 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,997,889 |
| Capital Gain Net Income | $76,715,519 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $597,746 |
| Total Revenue | $86,337,046 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $946,651 |
| Other employee salaries and wages | $2,114,512 |
| Pension plans, employee benefits | $959,952 |
| Interest | $0 |
| Taxes | $1,290,085 |
| Depreciation | $417,453 |
| Occupancy | $271,708 |
| Travel, conferences, and meetings | $77,453 |
| Printing and publications | $89,218 |
| Other expenses | $1,126,314 |
| Total operating and administrative expenses | $11,362,409 |
| Contributions, gifts, grants paid | $36,747,592 |
| Total expenses and disbursements | $48,110,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,547,121 |
| Net Accounts receivable | $114,303 |
| 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 | $31,778 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $208,470,268 |
| Net Land, buildings, and equipment | $6,741,985 |
| Other assets | $1,262,080 |
| Total assets | $946,804,754 |
| Accounts payable and accrued expenses | $8,928,038 |
| Grants payable | $110,312,383 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,532,341 |
| Total liabilities | $122,772,762 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Burroughs Wellcome Fund has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Philadelphia Foundation Philadelphia, PA PURPOSE: COVID-19 RESEARCH | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Company Charitable Foundation Inc Atlanta, GA | $133,098,319 | $27,836,912 |
Burroughs Wellcome Fund Research Triangle Park, NC | $946,804,754 | $86,337,046 |
Dollywood Foundation Pigeon Forge, TN | $23,282,143 | $42,750,755 |
Blue Cross And Blue Shield Of North Carolina Foundation Durham, NC | $253,862,813 | $27,558,288 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |