Burstein Family Foundation
- Assets
- $288.9k
- Revenue
- $5.6k
- Investments
- $278.5k
- Employees
- 0
- Location
- Skokie, IL
- Founding
- 05/1994
- Data as of
- 12/2022
- EIN
- 36-3923618
Organization Overview
Burstein Family Foundation is located in Skokie, IL. The organization was established in 1994. 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 the central organization for a national or regional group of organizations. Burstein Family 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, Burstein Family Foundation generated $5.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (36.0%) each year. All expenses for the organization totaled $15.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIAMI FOUNDATION
AUDITORIUM THEATER
GLOBAL EMPOWERMENT MISSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harvey Burstein Trustee | 15 | $2,696 | |
Stuart Burstein Director | 0 | $0 | |
Robert Pernini Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,611 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,611 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,696 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $231 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,632 |
| Contributions, gifts, grants paid | $2,589 |
| Total expenses and disbursements | $15,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $557 |
| Savings and temporary cash investments | $7,822 |
| 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 | $2,000 |
| 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 | $288,867 |
| Accounts payable and accrued expenses | -$180 |
| 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 | -$180 |
Grants Awarded
Over the last fiscal year, Burstein Family Foundation has awarded $2,589 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL EMPOWERMENT MISSION PURPOSE: CHARITY | $125 |
AUDITORIUM THEATER PURPOSE: CHARITY | $1,085 |
MIAMI FOUNDATION PURPOSE: PHILANTHROPY | $1,379 |