Burnett Charitable Trust
- Assets
- $0.0
- Revenue
- $299.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- Data as of
- 12/2017
- EIN
- 42-1253249
Organization Overview
Burnett Charitable Trust is located in Charlotte, NC.
For the year ending 12/2017, Burnett Charitable Trust generated $299.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $5.7m during the year ending 12/2017. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wells Fargo Bank Na Trustee | 2 | $0 | |
John Thomas Trustee/farm Manager | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,417 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $272,635 |
| Capital Gain Net Income | $272,635 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $863 |
| Total Revenue | $299,915 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $46,640 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,118 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $214 |
| Total operating and administrative expenses | $64,984 |
| Contributions, gifts, grants paid | $5,616,594 |
| Total expenses and disbursements | $5,681,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Burnett Charitable Trust has awarded $5,616,594 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DALLAS CENTER-GRIMES SCHOOL PURPOSE: GOVERNMENT - SUPPORT PUBLIC SCHOOL | $1,123,319 |
FIRST PRESBYTERIAN CHURCH PURPOSE: RELIGIOUS - SUPPORT CHURCH | $1,123,319 |
CITY OF DALLAS CENTER PURPOSE: GOVERNMENT - SUPPORT PUBLIC LIBRARY; RECREATION | $1,684,978 |
SOUTHEAST POLK SCHOOL PURPOSE: GOVERNMENT - SUPPORT PUBLIC SCHOOL | $561,659 |
SPURGEON MANOR PURPOSE: CHARITABLE - SUPPORT LONG TERM CARE FACILITY | $1,123,319 |