The A Hazen And Sarah M Burnet Foundation Incorporated
- Assets
- $1.1m
- Revenue
- $96.8k
- Investments
- $1.1m
- Employees
- 0
- Location
- Fort Pierce, FL
- Founding
- 03/2007
- Data as of
- 12/2023
- EIN
- 65-1290616
Organization Overview
The A Hazen And Sarah M Burnet Foundation Incorporated is located in Fort Pierce, FL. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A Hazen And Sarah M Burnet Foundation Incorporated 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 12/2023, A Hazen And Sarah M Burnet Foundation Incorporated generated $96.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $102.5k during the year ending 12/2023. While expenses have increased by 20.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
VIRGINIA TECH FOUNDATION INC.
UNIVERSITY OF VIRGINIA FOUNDATION INC.
BYRD PRESBYTERIAN CHURCH
AMERICAN CANCER SOCIETY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur H Burnet Chairman & Treasurer And Secretary | 2 | $0 | |
Sarah M Burnet President & Treasurer & Treasurer | 2 | $0 | |
William H Burnet Director | 0.8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $83,665 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,762 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,384 |
| Capital Gain Net Income | $3,384 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $96,811 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $13,167 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,326 |
| Total operating and administrative expenses | $44,493 |
| Contributions, gifts, grants paid | $57,970 |
| Total expenses and disbursements | $102,463 |
| 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 | $1,066,366 |
| Accounts payable and accrued expenses | $10,840 |
| Grants payable | $8,500 |
| 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 | $19,340 |
Grants Awarded
Over the last fiscal year, The A Hazen And Sarah M Burnet Foundation Incorporated has awarded $57,970 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
MOLLY'S HOUSE PURPOSE: FUND RAISING TO SUPPORT THE PRIMARY GOALS | $250 |
AMERICAN CANCER SOCIETY PURPOSE: FUND RAISING | $4,000 |
BYRD PRESBYTERIAN CHURCH PURPOSE: GIFTS TO THE CHURCH A 501C3 NON-PROFIT ORGANIZATION. | $8,000 |
GOOCHLAND HIGH SCHOOL ROBOTICS TEAM PURPOSE: FINANCIAL SUPPORT FOR ROBOTICS TEAM TO ATTEND THE WORLD CHAMPIONSHIPS IN HOUSTON TX USA. | $2,000 |
WALKER FAMILY BAND PURPOSE: FUND RAISING EVENT TO SUPPORT MUSIC SCHOLARSHIPS. | $100 |
HABITAT FOR HUMANITY GOOCHLAND VA PURPOSE: SUPPORT FOR BUILDING HOMES FOR THE POOR. GOOCHLAND COUNTY SINCE THE FOUNDING OF THIS CHAPTER HAS THE LARGEST NUMBER OF HOMES BUILT PER CAPITA OF ANY OF THE ORGANIZATION'S CHAPTERS. | $200 |