Baker Foundation Of Burleson Inc
- Assets
- $2.5m
- Revenue
- $324.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Burleson, TX
- Founding
- 11/1998
- Data as of
- 12/2021
- EIN
- 75-2739558
Organization Overview
Baker Foundation Of Burleson Inc is located in Burleson, TX. The organization was established in 1998. 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. Baker Foundation Of Burleson 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 12/2021, Baker Foundation Of Burleson Inc generated $324.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $238.3k during the year ending 12/2021. While expenses have increased by 6.3% 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.
Since 2015, Baker Foundation Of Burleson Inc has awarded 105 individual grants totaling $798,287. 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 FOUNDATION MAINTAINS TWO PROPERTIES OF HISTORIC VALUE AND PROVIDES THEM TO OTHER NONPROFIT ORGANIZATIONS AND VARIOUS COMMUNITY GROUPS TO BE UTILIZED AS AN EVENT VENUE WITHOUT CHARGE. THE OLD HISTORIC HOME HAS BEEN RESTORED AND IS BEING UTILIZED AS A MUSEUM ABOUT THE BAKER FAMILY AND THE CITY OF BURLESON TX, WHICH IS ALSO OPEN TO THE PUBLIC FREE OF CHARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Ray Booth VP Sec Dir | 12 | $530 | |
Nancy Burt Director | 1 | $530 | |
F Steven Mcclure Director | 0.25 | $0 | |
Christy Duncan Director | 0.25 | $0 | |
Jeffrey Scott Rasco Pres Treas | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $188 |
| Interest on Savings | $2,805 |
| Dividends & Interest | $13,074 |
| Net Rental Income | $247,386 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,500 |
| Total Revenue | $324,109 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,060 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37,411 |
| Depreciation | $24,275 |
| Occupancy | $8,673 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,886 |
| Total operating and administrative expenses | $100,186 |
| Contributions, gifts, grants paid | $138,100 |
| Total expenses and disbursements | $238,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $705,697 |
| Savings and temporary cash investments | $983,555 |
| 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 | $459,240 |
| Other assets | $344,019 |
| Total assets | $2,492,511 |
| Accounts payable and accrued expenses | $12,990 |
| 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 | $1,293 |
| Total liabilities | $14,283 |
Grants Awarded
Over the last fiscal year, Baker Foundation Of Burleson Inc has awarded $138,100 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Burleson, TX PURPOSE: BUILDING FUND | $20,600 |
MEALS ON WHEELS JOHNSON COUNTY PURPOSE: PROMOTE WELFARE OF ELDERLY MEALS | $12,500 |
JOHNSON COUNTY ADULT EDUCATION PURPOSE: ADULT LITERACY -JOHNSON COUNTY | $10,000 |
BURLESON OPPORTUNITY FUND PURPOSE: SCHOLARSHIPS FOR HS GRADUATES | $10,000 |
Burleson, TX PURPOSE: PROMOTE WELFARE OF BURLESON RESIDENT | $10,000 |
PROMISES FOOD PANTRY 1ST BAPT CH PURPOSE: PROVIDE FOOD TO BURLESON RESIDENTS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |