William T & Ethel Lewis Burton Foundation
- Assets
- $4.2m
- Revenue
- $317.1k
- Investments
- $3.8m
- Employees
- 0
- Location
- Lake Charles, LA
- Founding
- 07/1964
- Data as of
- 05/2024
- EIN
- 72-6027957
Organization Overview
William T & Ethel Lewis Burton Foundation is located in Lake Charles, LA. The organization was established in 1964. 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. William T & Ethel Lewis Burton 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 05/2024, William T & Ethel Lewis Burton Foundation generated $317.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $442.0k during the year ending 05/2024. While expenses have increased by 10.8% per year over the past 5 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.
Since 2021, William T & Ethel Lewis Burton Foundation has awarded 26 individual grants totaling $1,274,950. 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 |
|---|---|---|---|
Jack E Lawton Jr Director | 0 | $0 | |
William T Drost Director | 0 | $0 | |
Roderick Smith Director | 0 | $0 | |
Ernest Gerald Conner Director | 0 | $0 | |
Annaleigh Richardson Director | 0 | $0 | |
Candace L Scroggs Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,145 |
| Dividends & Interest | $166,517 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $147,700 |
| Capital Gain Net Income | $147,700 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $761 |
| Total Revenue | $317,123 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,844 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47,483 |
| Total operating and administrative expenses | $56,910 |
| Contributions, gifts, grants paid | $385,107 |
| Total expenses and disbursements | $442,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,773 |
| Savings and temporary cash investments | $355,422 |
| 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 | $6,880 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $515,707 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,233,896 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, William T & Ethel Lewis Burton Foundation has awarded $385,107 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BISHOP NOLAND EPISCOPAL DAY SCHOOL PURPOSE: CASH CONTRIBUTION | $251,107 |
CAMERON PARISH SCHOOL BOARD PURPOSE: BURTON SCHOLARSHIP PROGRAM | $100,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: 2023 SPONSORSHIP | $5,000 |
INDIVIDUAL SCHOLARSHIPS PURPOSE: SEE ATTACHED | $9,000 |
TIGER ATHLETIC FOUNDATION PURPOSE: 2023 ANNUAL VICTORY FUND DONATION | $20,000 |