Burton Family Foundation
- Assets
- $134.1m
- Revenue
- $2.9m
- Investments
- $4.0m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 10/2016
- Data as of
- 03/2023
- EIN
- 47-3900987
Organization Overview
Burton Family Foundation is located in Phoenix, AZ. The organization was established in 2016. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Burton 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 03/2023, Burton Family Foundation generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $6.3m during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Burton Family Foundation has awarded 308 individual grants totaling $21,887,141. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE ARIZONA COMMUNITY FOUNDATION, AN AZ NONPROFIT CORPORATION, SO LONG AS THE ARIZONA COMMUNITY FOUNDATION, INC. REMAINS A QUALIFIED ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO CHARITABLE ORGANIZATIONS IN SUPPORT OF THE PURPOSES OF THE ARIZONA COMMUNITY FOUNDATION, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Kesselman Director | Trustee | 1 | $0 |
Daryl Burton Vice Chair | OfficerTrustee | 1 | $0 |
Christine Burton Chair | OfficerTrustee | 1 | $0 |
Steven G Seleznow President (thru 2/3/23) | OfficerTrustee | 1 | $0 |
Kimberly Kur Director | Trustee | 1 | $0 |
Anna Maria Chavez President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,485,560 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,440,173 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,928,705 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,786,614 |
| Grants and other assistance to domestic individuals. | $43,000 |
| 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 | $344,690 |
| Fees for services: Legal | $2,553 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $98,542 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $6,295,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $130,063,119 |
| Investments—other securities | $4,032,167 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $134,095,286 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,679,000 |
| 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 | $2,679,000 |
| Net assets without donor restrictions | $131,416,286 |
| Net assets with donor restrictions | $0 |
| 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 | $134,095,286 |
Grants Awarded
Over the last fiscal year, Burton Family Foundation has awarded $5,732,914 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
ARCS FOUNDATION PURPOSE: TO SUPPORT THE 2022 ALL MEMBERS MEETING AND 2023 SCHOLAR AWARDS | $42,000 |
ARIZONA SCIENCE CENTER PURPOSE: AZSET 2023 SPONSORSHIP | $85,000 |
ARIZONA STATE UNIVERSITY FOUNDATION PURPOSE: FOR THE ASU WOMEN AND PHILANTHROPY CAMPAIGN, FOR THE DATA SCIENCE LANDSCAPE EXPLORATION IN PRE-SERVICE TEATCH EDUCATION PATHWAYS PROGRAM, FOR THE COLLEGE ASSISTANCE MIGRANT PROGRAM, FOR THE AZ DATA SCIENCE SUMMIT, FOR THE SEDONA FORUM, AND FOR DEFEATING DISINFORMATION ATTACKS ON U.S. DEMOCRACY WORK | $245,698 |
BARROW NEUROLOGICAL FOUNDATION PURPOSE: FOR THE WOMEN'S BOARD TO SUPPORT BARROW ANEURYSM AND AVM RESEARCH CENTER | $75,000 |
BE A LEADER FOUNDATION PURPOSE: FOR THE TAKING STEPS TOWARD COLLEGE SUCCESS 2022 EVENT | $30,000 |
CAMP CATANESE FOUNDATION PURPOSE: TO FUND PROGRAM EXPANSION | $250,000 |