Burke Foundation Inc
- Assets
- $124.9m
- Revenue
- $8.3m
- Investments
- $123.1m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 08/1989
- Data as of
- 11/2021
- EIN
- 52-1632596
Organization Overview
Burke Foundation Inc is located in Princeton, NJ. The organization was established in 1989. 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 Foundation Inc 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 11/2021, Burke Foundation Inc generated $8.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $5.5m during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Burke Foundation Inc has awarded 251 individual grants totaling $10,918,313. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BURKE FOUNDATION'S EARLY CHILDHOOD AND MATERNAL CHILD HEALTH INITIATIVES INCLUDE PROGRAMS AND ACTIVITIES TO SUPPORT AND STRENGTHEN VULNERABLE CHILDREN AND FAMILIES IN NEW JERSEY THROUGH RESEARCH REPORTS, PUBLIC AWARENESS CAMPAIGNS, EVALUATION, TECHNICAL ASSISTANCE, FUNDER COLLABORATIONS, AND CONVENING STAKEHOLDERS. THE BURKE FOUNDATION PROVIDES NON-PROFIT ORGANIZATIONS WITH CAPACITY-BUILDING SUPPORT, DATA AND EVALUATION TECHNICAL ASSISTANCE, AND PROFESSIONAL DEVELOPMENT. THE FOUNDATION ALSO PUBLISHES RESEARCH REPORTS AND HOSTS EVENTS AS A VEHICLE TO MUTUALLY BENEFIT COMMUNITY AND NON-PROFIT LEADERS, ACADEMICS, RESEARCHERS, AND FUNDERS TO ENSURE THE LEARNINGS FROM THE RESEARCH ARE FULLY ACCESSED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Atiya S Weiss Executive Director | 50 | $295,000 | |
James Burke President | 40 | $200,000 | |
Ann Ritter Program Officer | 40 | $135,670 | |
Renee Nogales Program Officer | 40 | $130,000 | |
Lauren Swanekamp Director Of Operatio | 40 | $64,412 | |
Stephen Dnistrian Trustee - Through 02/2021 | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jpmorgan Chase Bank Na | 11/29/21 | $257,410 |
Rabin Martin | 11/29/21 | $300,000 |
Qorvis Communications | 11/29/21 | $65,188 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $354 |
| Dividends & Interest | $2,968,643 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,342,215 |
| Capital Gain Net Income | $5,342,953 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,311,212 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $495,000 |
| Other employee salaries and wages | $437,814 |
| Pension plans, employee benefits | $186,689 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $79,294 |
| Travel, conferences, and meetings | $5,571 |
| Printing and publications | $0 |
| Other expenses | $211,682 |
| Total operating and administrative expenses | $2,239,189 |
| Contributions, gifts, grants paid | $3,278,733 |
| Total expenses and disbursements | $5,517,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $716,444 |
| Savings and temporary cash investments | $1,033,163 |
| 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 | $123,133,263 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,470 |
| Total assets | $124,895,340 |
| Accounts payable and accrued expenses | $2,513 |
| Grants payable | $425,000 |
| 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 | $427,513 |
Grants Awarded
Over the last fiscal year, Burke Foundation Inc has awarded $3,278,733 in support to 117 organizations.
| Grant Recipient | Amount |
|---|---|
NJ CHAPTER AMERICAN ACADEMY PEDIATRICS PURPOSE: SUPPORT FOR EXPANDING NJPRAC MOUNT SINAI PARENTING CURRICULUM | $250,053 |
Lawrenceville, NJ PURPOSE: SUPPORT FOR COMMUNITY IMPACT GRANTS PROGRAM | $250,000 |
Trenton, NJ PURPOSE: SUPPORT FOR UNIVERSAL NEWBORN HOME VISITING PILOT | $250,000 |
MOUNT SINAI PARENTING CENTER PURPOSE: DEVELOPMENT OF A PARENTING VIDEO SERIES FOR PEDIATRIC CLINICS | $250,000 |
FOUNDATION FOR EDUCATIONAL ADMINISTRATION PURPOSE: SUPPORT OF THE HEALING CENTERED SCHOOLS PILOT | $203,750 |
New York, NY PURPOSE: SUPPORT FOR NJ BIRTH EQUITY FUNDERS ALLIANCE | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |