Burke Family Foundation
- Assets
- $5.3m
- Revenue
- $428.3k
- Investments
- $5.1m
- Employees
- 0
- Location
- Ames, IA
- Founding
- 12/2013
- Data as of
- 03/2024
- EIN
- 45-5592432
Organization Overview
Burke Family Foundation is located in Ames, IA. The organization was established in 2013. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Burke 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 03/2024, Burke Family Foundation generated $428.3k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.0m during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Burke Family Foundation has awarded 110 individual grants totaling $4,541,000. 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 |
|---|---|---|---|
Kathleen A Burke President/exec Dir | 1.25 | $0 | |
Kristine A Holmes Treasurer | 0.5 | $0 | |
Thomas R Burke Vice President | 0.5 | $0 | |
Karen A Burianek Secretary | 0.5 | $0 | |
William J Burke Jr Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $161,633 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $266,665 |
| Capital Gain Net Income | $266,665 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $428,298 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,371 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $38,180 |
| Contributions, gifts, grants paid | $972,000 |
| Total expenses and disbursements | $1,010,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,486 |
| Savings and temporary cash investments | $189,705 |
| 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 | $175,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,343,136 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,355,000 |
| 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 | $1,355,000 |
Grants Awarded
Over the last fiscal year, Burke Family Foundation has awarded $1,982,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS (ASSAULT CARE) PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: LOCAL NEEDS ONLY | $20,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: MAUI DISASTER RELIEF | $25,000 |
AMES COMMUNITY SCHOOL DISTRICT PURPOSE: WINTER WEAR PROGRAM | $5,000 |
BETHESDA LUTHERAN CHURCH PURPOSE: BETHESDA FOOD PANTRY | $12,000 |
CAMP HERTKO HOLLOW INC PURPOSE: CAMP ATTENDEE USE ONLY | $10,000 |