Burton G Bettingen Corporation
- Assets
- $14.0m
- Revenue
- $1.0m
- Investments
- $13.2m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 01/1985
- Data as of
- 12/2021
- EIN
- 95-3942826
Organization Overview
Burton G Bettingen Corporation is located in Los Angeles, CA. The organization was established in 1985. 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. Burton G Bettingen Corporation 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, Burton G Bettingen Corporation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 6 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 2017, Burton G Bettingen Corporation has awarded 109 individual grants totaling $2,055,296. 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
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia A Brown Executive Director/secretary/treasurer | 50 | $200,000 | |
Wm Lyes IV Vp/audit Chair | 2 | $0 | |
George D O'neill Jr Chair/president | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $45 |
| Dividends & Interest | $231,012 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $806,491 |
| Capital Gain Net Income | $806,491 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25 |
| Total Revenue | $1,037,573 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $820 |
| Pension plans, employee benefits | $82,483 |
| Interest | $0 |
| Taxes | $12,561 |
| Depreciation | $0 |
| Occupancy | $15,216 |
| Travel, conferences, and meetings | $9,745 |
| Printing and publications | $3,585 |
| Other expenses | $20,161 |
| Total operating and administrative expenses | $446,799 |
| Contributions, gifts, grants paid | $636,902 |
| Total expenses and disbursements | $1,083,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $412,959 |
| 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 | $399,756 |
| Total assets | $14,048,937 |
| Accounts payable and accrued expenses | $54,422 |
| Grants payable | $140,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $372,432 |
| Total liabilities | $566,854 |
Grants Awarded
Over the last fiscal year, Burton G Bettingen Corporation has awarded $636,902 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
PROJECT HOOD PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Fresno, CA PURPOSE: JUVENILE JUSTICE CLUBS FOR CHILDREN IN PROBATION CAMPS | $80,000 |
PINEY WOODS SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $65,030 |
Washington, DC PURPOSE: GENERAL OPERATING SUPPORT | $60,000 |
Washington, DC PURPOSE: GENERAL OPERATING SUPPORT | $60,000 |
VERBUM DEI PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |