Burton G Bettingen Corporation
- Assets
- $11.5m
- Revenue
- $978.3k
- Investments
- $10.8m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 01/1985
- Data as of
- 12/2022
- 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 12/2022, Burton G Bettingen Corporation generated $978.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $719.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Burton G Bettingen Corporation has awarded 127 individual grants totaling $2,363,062. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George D O'neill Jr Chair/president | 6 | $0 | |
Wm Lyes IV Vp/audit Chair | 2 | $0 | |
Patricia A Brown Executive Director/secretary/treasurer | 50 | $200,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $213,902 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $764,381 |
| Capital Gain Net Income | $764,381 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $32 |
| Total Revenue | $978,315 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $195,589 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $12,133 |
| Interest | $0 |
| Taxes | $15,470 |
| Depreciation | $0 |
| Occupancy | $25,042 |
| Travel, conferences, and meetings | $18,565 |
| Printing and publications | $1,929 |
| Other expenses | $4,023 |
| Total operating and administrative expenses | $364,231 |
| Contributions, gifts, grants paid | $354,995 |
| Total expenses and disbursements | $719,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,208 |
| Savings and temporary cash investments | $0 |
| 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 | $16,117 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,296,790 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $423,044 |
| Total assets | $11,500,195 |
| Accounts payable and accrued expenses | $40,024 |
| 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 | $396,307 |
| Total liabilities | $436,331 |
Grants Awarded
Over the last fiscal year, Burton G Bettingen Corporation has awarded $494,995 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
TUFTS MEDICAL CENTER NEW ENGLAND EYE CENTER PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
BOYS AND GIRLS CLUB OF FRESNO COUNTY PURPOSE: GENERAL OPERATING SUPPORT | $80,000 |
WOODSON CENTER PURPOSE: GENERAL OPERATING SUPPORT | $60,000 |
FAIR GIRLS PURPOSE: GENERAL OPERATING SUPPORT | $51,125 |
STRIVE PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
FORGOTTEN CHILD INC PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |