Bourns Foundation
- Assets
- $305.2k
- Revenue
- $511.6k
- Investments
- $302.6k
- Employees
- 0
- Location
- Riverside, CA
- Founding
- 08/1959
- Data as of
- 11/2023
- EIN
- 95-6044472
Organization Overview
Bourns Foundation is located in Riverside, CA. The organization was established in 1959. 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. Bourns 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 11/2023, Bourns Foundation generated $511.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 36.6% each year . All expenses for the organization totaled $304.9k during the year ending 11/2023. While expenses have increased by 23.1% per year over the past 5 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 2018, Bourns Foundation has awarded 26 individual grants totaling $1,061,169. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Bourns Hill Director | 0 | $0 | |
Colleen D Butler Director | 0 | $0 | |
Anita Bourns Macbeth Director | 0 | $0 | |
Denise Bourns Moyles Director | 0 | $0 | |
Gordon L Bourns Vice President | 0 | $0 | |
Gordon L Bourns II President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $503,269 |
| Interest on Savings | $3 |
| Dividends & Interest | $1,246 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,738 |
| Capital Gain Net Income | $25,861 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,800 |
| Total Revenue | $511,580 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,625 |
| Total operating and administrative expenses | $4,625 |
| Contributions, gifts, grants paid | $300,311 |
| Total expenses and disbursements | $304,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,543 |
| Savings and temporary cash investments | $31 |
| 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 | $0 |
| Total assets | $305,151 |
| 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, Bourns Foundation has awarded $300,311 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
RIVERSIDE COMMUNITY SERVICES FOUNDATION PURPOSE: PAYMENT 4 OUT OF 5 AS THE NAMING SPONSOR FOR THE BOURNS FAMILY YOUTH INNOVATION CENTER CONSISTING OF 1,140 SHARES OF ANALOG DEVICES STOCK WITH A TAX BASIS OF $2,658, AND A FAIR MARKET VALUE OF $214,468 DONATED ON 4/13/2023. | $214,468 |
LA SIERRA UNIVERSITY PURPOSE: PAYMENTS 1 & 2 OF 5 FOR STEM SCHOLARSHIP ENDOWMENT CONSISTING OF 55 SHARES OF ANALOG DEVICES STOCK WITH A TAX BASIS OF $128, AND A FAIR MARKET VALUE OF $10,347 DONATED ON 4/13/2023. | $10,347 |
ROGO MINISTRIES PURPOSE: PURCHASE OF STEM RELATED EQUIPMENT FOR PHASE 4 OF DEVELOPMENT OF THE HILL COMMUNITY CENTER FOR DISADVANTAGED YOUTHS IN SAN BERNADINO. | $10,000 |
THE TOM WATHEN CENTER PURPOSE: FUNDING FOR THE "INSPIRATION THROUGH AVIATION" PROGRAM TO FACILITATE STEM LEARNING. | $1,000 |
CALIFORNIA BAPTIST UNIVERSITY PURPOSE: SUPPORT FOR THE 2023-2024 COMPETITIVE SEASON FOR THE FIRST LEGO LEAGUE. | $5,000 |
UNIVERSITY OF REDLANDS PURPOSE: PAYMENT 4 OUT OF 5 FOR THE UNIVERSITY OF REDLANDS: THE BOURNS FOUNDATION SCHOLARSHIP FUND | $5,000 |