Burke Foundation Inc
- Assets
- $110.5m
- Revenue
- $2.1m
- Investments
- $109.3m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 08/1989
- Data as of
- 11/2023
- 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 11/2023, Burke Foundation Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $6.4m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Burke Foundation Inc has awarded 448 individual grants totaling $18,759,960. 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
2023
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 IMPROVE THE HEALTH AND WELL-BEING OF 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 |
|---|---|---|---|
James Burke President | 40 | $200,000 | |
Charles Carroll Treasurer | 1 | $0 | |
Philip Siana Secretary | 1 | $0 | |
Christopher Kuenne Trustee | 1 | $0 | |
Jeanne Brooks-Gunne Trustee | 1 | $0 | |
Renee Boynton-Jarrett Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jpmorgan Chase Bank Na | 11/29/23 | $220,721 |
Civitas Strategies Llc | 11/29/23 | $100,000 |
Jill Wodnick | 11/29/23 | $53,475 |
Into Balance Accounting | 11/29/23 | $70,631 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $63,498 |
| Dividends & Interest | $2,726,169 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$696,295 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,686 |
| Total Revenue | $2,102,058 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $530,625 |
| Other employee salaries and wages | $502,267 |
| Pension plans, employee benefits | $248,110 |
| Interest | $0 |
| Taxes | $65,000 |
| Depreciation | $0 |
| Occupancy | $76,078 |
| Travel, conferences, and meetings | $40,962 |
| Printing and publications | $688 |
| Other expenses | $308,859 |
| Total operating and administrative expenses | $2,479,825 |
| Contributions, gifts, grants paid | $3,874,418 |
| Total expenses and disbursements | $6,354,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,795 |
| Savings and temporary cash investments | $523,676 |
| 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 | $91,918,023 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $166,851 |
| Total assets | $110,458,470 |
| Accounts payable and accrued expenses | $3,826 |
| Grants payable | $300 |
| 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 | $4,126 |
Grants Awarded
Over the last fiscal year, Burke Foundation Inc has awarded $3,884,418 in support to 98 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATES FOR CHILDREN OF NEW JERSEY PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
ADVOCATES FOR CHILDREN OF NEW JERSEY PURPOSE: EARLY RELATIONAL HEALTH SUPPORT | $15,000 |
ALL OUR KIN INC PURPOSE: MERCER COUNTY FAMILY CHILD CARE | $52,500 |
ADVOCATES FOR CHILDREN OF NEW JERSEY PURPOSE: NURTURE NJ LEADERSHIP SUMMIT AND CNJ FORUM SUPPORT | $2,050 |
AMERICA NEEDS YOU PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
AMIGOS DE JESUS PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |