Edward L Burton Foundation
- Assets
- $268.5k
- Revenue
- $94.4k
- Investments
- $267.0k
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 07/1957
- Data as of
- 12/2023
- EIN
- 87-6117938
Organization Overview
Edward L Burton Foundation is located in Salt Lake City, UT. The organization was established in 1957. 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. Edward L 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 12/2023, Edward L Burton Foundation generated $94.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $116.1k during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 8 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, Edward L Burton Foundation has awarded 68 individual grants totaling $729,021. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Moreton Director | 0.5 | $250 | |
O Wood Moyle Director | 0.5 | $250 | |
Diane Wewee Secretary | 0.5 | $350 | |
Lucy Hawes Director | 0.5 | $250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $120 |
| Dividends & Interest | $58,305 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,755 |
| Capital Gain Net Income | $35,755 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $250 |
| Total Revenue | $94,430 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,100 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,665 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,140 |
| Contributions, gifts, grants paid | $112,000 |
| Total expenses and disbursements | $116,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4 |
| 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 | $1,023 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,500 |
| Total assets | $268,469 |
| 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, Edward L Burton Foundation has awarded $112,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
GIRLS ON THE RUN PURPOSE: CHILD PROTECTION SUPPORT | $12,000 |
FRIENDS FOR SIGHT PURPOSE: PREVENTION OF HUMAN DISORDERS | $15,000 |
HIGHLAND RAMS FOUNDATION PURPOSE: EDUCATION | $10,000 |
INTERMOUNTAIN FOUNDATION - PMC PURPOSE: MEDICAL SUPPORT | $13,000 |
SENIOR CHARITY CARE FOUNDATION PURPOSE: SUPPORT | $7,000 |
SHRINER'S HOSPITAL FOR CHILDREN - SLC PURPOSE: SUPPORT | $15,000 |