Burns Legacy Foundation
- Assets
- $2.8m
- Revenue
- $124.5k
- Investments
- $2.7m
- Employees
- 0
- Location
- St Charles, IL
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 26-2386882
Organization Overview
Burns Legacy Foundation is located in St Charles, IL. The organization was established in 2009. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Burns Legacy 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 12/2023, Burns Legacy Foundation generated $124.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $175.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Burns Legacy Foundation has awarded 107 individual grants totaling $1,232,816. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory T Snyder Director | 0 | $0 | |
Melinda R Snyder Director | 0 | $0 | |
Patrick T Snyder Director | 0 | $0 | |
Jeremy L Burns Director | 0 | $0 | |
John R Neal Treasurer | 0 | $0 | |
Shawna Burns Neal Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19,936 |
| Dividends & Interest | $70,434 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,151 |
| Capital Gain Net Income | $34,151 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $124,521 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,099 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,240 |
| Total operating and administrative expenses | $38,752 |
| Contributions, gifts, grants paid | $136,500 |
| Total expenses and disbursements | $175,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $126,315 |
| 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 | $2,700,366 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,826,681 |
| 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, Burns Legacy Foundation has awarded $136,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
LGBT CENTER OF SE WI PURPOSE: CHARITABLE | $25,000 |
IMERMAN ANGELS PURPOSE: CHARITABLE | $10,000 |
BOYS AND GIRLS CLUBS OF DUNDEE PURPOSE: CHARITABLE | $15,000 |
WAUKEGAN TO COLLEGE PURPOSE: CHARITABLE | $10,000 |
LITERACY VOLUNTEERS FOX VALLEY PURPOSE: CHARITABLE | $10,000 |
MISERICORDIA PURPOSE: CHARITABLE | $12,500 |