Burns Foundation
- Assets
- $461.3k
- Revenue
- $26.8k
- Investments
- $391.2k
- Employees
- 0
- Location
- Petoskey, MI
- Founding
- 08/1949
- Data as of
- 12/2021
- EIN
- 38-6034469
Organization Overview
Burns Foundation is located in Petoskey, MI. The organization was established in 1949. 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. 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 12/2021, Burns Foundation generated $26.8k 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 (14.4%) each year. All expenses for the organization totaled $117.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Burns Foundation has awarded 40 individual grants totaling $552,000. 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 |
|---|---|---|---|
Dean D Burns President/se | 0 | $15,000 | |
Shirley Burns Director | 0 | $13,000 | |
Christina B Farrell Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $24,641 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,121 |
| Capital Gain Net Income | $2,121 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,764 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,516 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $32,426 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $117,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,078 |
| Savings and temporary cash investments | $33,173 |
| Net Accounts receivable | $2,805 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $461,270 |
| 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 Foundation has awarded $85,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Petoskey, MI PURPOSE: HEALTH SCIENCE LIBRARY | $60,000 |
PLANNED PARENTHOOD OF NORTHERN MICH PURPOSE: HEALTH CENTER | $15,000 |
MICHIGAN DYSLEXIA INSTITUTE NM PURPOSE: TESTING & TREATMENT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lorain County Alcohol And Drug Abuse Services Inc Lorain, OH | $9,389,055 | $9,939,919 |
Childrens Autism Centerincorporated Fort Wayne, IN | $8,774,831 | $9,960,141 |
Northern Ohio Handicapped Fund Burton, OH | $172,519 | $6,181,567 |
Mid-Michigan Recovery Services Lansing Regional Area Inc Lansing, MI | $1,830,005 | $3,018,178 |
T-1 Today Inc West Chester, OH | $2,354,893 | $2,324,834 |
Pink Fund Inc Bingham Farms, MI | $1,294,864 | $1,520,603 |
Hispanic Urban Minority Alcoholism And Drug Abuse Outreach Program Cleveland, OH | $447,343 | $1,570,826 |
Cleveland Urban Minority Alcoholism Drug Abuse Outreach Project Cleveland, OH | $220,740 | $1,293,287 |
American Contact Dermatitis Society Milwaukee, WI | $2,011,445 | $820,776 |
Ehe Foundation Hobart, WI | $1,985,458 | $1,636,401 |
Lupus Foundation Of America Greater Ohio Chapter Inc Brecksville, OH | $410,748 | $638,300 |
Camp Ho Mita Koda Foundation Newbury, OH | $1,245,478 | $595,104 |