Burcham Hills Foundation
- Assets
- $825.5k
- Revenue
- $71.7k
- Investments
- $600.4k
- Employees
- 0
- Location
- East Lansing, MI
- Founding
- 02/1999
- Data as of
- 06/2022
- EIN
- 38-3443746
Organization Overview
Burcham Hills Foundation is located in East Lansing, MI. The organization was established in 1999. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Burcham Hills 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 06/2022, Burcham Hills Foundation generated $71.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $85.0k during the year ending 06/2022. While expenses have increased by 20.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPLEMENT, ASSIST AND AID BURCHAM HILLS RETIREMENT CENTER II IN PROVIDING AFFORDABLE CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST BURCHAM HILLS RETIREMENT CENTER WITH FUNDRAISING, TASKS & PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Hillary Treasurer | OfficerTrustee | 0.5 | $0 |
Lesa Smith Foundation Director | OfficerTrustee | 0.5 | $0 |
Carol Giacoletto Secretary | OfficerTrustee | 0.5 | $0 |
Tom Hamp President | OfficerTrustee | 0.5 | $0 |
Nancy Hanford Recording Secretary | OfficerTrustee | 0.5 | $0 |
Kari Rennie Executive Director | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,656 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,915 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,571 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,901 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $123 |
| Fees for services: Accounting | $5,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,713 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $84,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $216,871 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,644 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,606 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $600,395 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $825,516 |
| Accounts payable and accrued expenses | $4,293 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,293 |
| Net assets without donor restrictions | $544,053 |
| Net assets with donor restrictions | $277,170 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $825,516 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Burcham Hills Foundation has recieved totaling $78,543.
| Awarding Organization | Amount |
|---|---|
Ingham County Home Association The Womens Home Haslett, MI PURPOSE: OPERATIONS FUNDING | $35,000 |
Capital Region Community Foundation Lansing, MI PURPOSE: AGENCY FUNDS | $20,334 |
Capital Region Community Foundation Lansing, MI PURPOSE: COVID-19 GRANTS | $14,000 |
Capital Region Community Foundation Lansing, MI PURPOSE: AGENCY FUNDS | $8,209 |
Savage Foundation East Lansing, MI PURPOSE: ELDERLY CARE FACILITY | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Life Enriching Communities Loveland, OH | $39,920,656 | $8,319,910 |
Oakwood Village Prairie Ridge Apartments Inc Madison, WI | $66,544,502 | $7,123,839 |
Oak Grove Christian Retirement Village Inc Demotte, IN | $15,497,962 | $9,106,880 |
Silver Maples Of Chelsea Chelsea, MI | $47,439,863 | $10,664,432 |
Ohio Living Quaker Heights Waynesville, OH | $10,489,487 | $7,605,494 |
Harwood Place Inc Wauwatosa, WI | $17,919,656 | $8,540,786 |
Haven Hubbard Homes Inc New Carlisle, IN | $13,233,962 | $8,213,218 |
Schmitt Woodland Hills Incorporated Richland Center, WI | $14,880,060 | $7,907,727 |
Morc Home Care Inc Clinton Township, MI | $8,833,662 | $7,942,729 |
Lake Wales Retirement Center Inc Columbus, OH | $26,220,054 | $5,296,039 |
Slovene Home For The Aged Cleveland, OH | $27,855,426 | $8,753,686 |
Village Of St Edward At Green Fairlawn, OH | $27,035,559 | $4,833,583 |