The Glass-Glen Burnie Foundation
- Assets
- $58.0m
- Revenue
- $7.8m
- Investments
- $34.2m
- Employees
- 1
- Location
- San Antonio, TX
- Founding
- 09/1986
- Data as of
- 12/2021
- EIN
- 73-1267576
Organization Overview
The Glass-Glen Burnie Foundation is located in San Antonio, TX. The organization was established in 1986. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glass-Glen Burnie 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 12/2021, Glass-Glen Burnie Foundation generated $7.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES OF THE GLASS-GLEN BURNIE FOUNDATION ARE THE RESTORATION, MAINTENANCE, AND SUPPORT OF HISTORIC PROPERTIES ACQUIRED IN THE VICINITY OF WINCHESTER, VIRGINIA,SO THAT SUCH PROPERTIES WILL BE PRESERVED AS HISTORIC BUILDINGS AND GROUNDS FOR EDUCATIONAL AND OTHER BENEFIT OF THE PUBLIC FOREVER; AND, THEREBY ENDOW A MUSEUM OF 18TH AND EARLY 19TH CENTURY AMERICAN AND ENGLISH ART.
Describe the Organization's Program Activity:
THE FOUNDATION CONTINUED THE RESTORATION, PRESERVATION, AND SUPPORT OF ITS HISTORIC PROPERTIES IN THE VICINITY OF WINCHESTER, VIRGINIA.
THE FOUNDATION CONTINUED THE RESTORATION, PRESERVATION, AND SUPPORT OF ITS HISTORIC PROPERTIES IN THE VICINITY OF WINCHESTER, VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allan G Paterson Co-Operating Trustee | OfficerTrustee | 20 | $109,200 |
James T Holland Co-Operating Trustee | OfficerTrustee | 20 | $109,200 |
David Ho Roth Trustee | Trustee | 15 | $67,200 |
Todd Brockwell Trustee | Trustee | 10 | $67,200 |
Gerald F Smith Jr Trustee | Trustee | 10 | $67,200 |
John B Adams Jr Trustee | Trustee | 10 | $67,200 |
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 | $16,497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,155,569 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,614,460 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,795,930 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,812,795 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $487,200 |
| Compensation of current officers, directors, key employees. | $146,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $231 |
| Payroll taxes | $6,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,073 |
| Fees for services: Accounting | $28,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $278,280 |
| Fees for services: Other | $50,000 |
| Advertising and promotion | $0 |
| Office expenses | $1,768 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,920 |
| Travel | $17,692 |
| 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 | $40,416 |
| Insurance | $27,958 |
| All other expenses | $1,712 |
| Total functional expenses | $5,229,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,370,469 |
| 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 | $503,665 |
| Investments—publicly traded securities | $16,768,736 |
| Investments—other securities | $34,239,067 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,073,638 |
| Total assets | $57,955,575 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $57,955,575 |
| 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 | $57,955,575 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corn Heritage Village Of Corn Inc Corn, OK | $5,772,212 | $6,524,606 |
The Glass-Glen Burnie Foundation San Antonio, TX | $57,955,575 | $7,795,930 |
Logan County Historical Society Inc Guthrie, OK | $4,494,727 | $3,890,411 |
Glenwood Cemetery Historic Preservation Foundation Houston, TX | $14,327,561 | $1,485,128 |
Restland Memorial Park Assn Houston, TX | $24,470,404 | $2,045,999 |
Fort Worth South Inc Fort Worth, TX | $860,900 | $1,913,143 |
Air Legends Foundation San Antonio, TX | $20,115,931 | $3,195,000 |
Deep Ellum Foundation Dallas, TX | $1,616,864 | $1,817,112 |
Amistad Research Center New Orleans, LA | $6,399,873 | $1,567,988 |
Society Of Martha Washington Laredo, TX | $723,643 | $1,002,745 |
Cornerstones Community Partnerships Santa Fe, NM | $842,708 | $898,386 |
Louisiana Naval War Memorial Commission Baton Rouge, LA | $2,059,836 | $846,137 |