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Nonprofiteer
← THE BURKE FOUNDATION INC

Form 990 for tax year 2024

Filed by THE BURKE FOUNDATION INC.

Totals

Total revenue
$5,390,105
Total expenses
$7,386,887
Contributions and grants received
$0
Grants paid
$6,891,474
Program service revenue
$0
Investment income
$5,390,105
Other revenue
$0
Total assets, end of year
$112,812,011
Total liabilities, end of year
$2,843
Net assets or fund balances, end of year
$112,809,168
Program services expenses (Part IX)
$7,101,605
Management and general expenses
$285,282
Fundraising expenses
$0
Program service expenses (Part III)
$7,101,605

Program services were 96.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $2,746,909 · excluded $2,746,909

  • 7a · Gross sales of assets other than inventory

    securities $25,916,402

  • 7b · Less cost or other basis and sales expenses

    securities $23,273,206

  • 7c · Gain or loss

    securities $2,643,196

  • 7d · Net gain or loss

    total $2,643,196 · excluded $2,643,196

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,891,474 · program services $6,891,474

  • 5 · Compensation of officers, directors and key employees

    total $156,540 · program services $120,078 · management and general $36,462

  • 7 · Other salaries and wages

    total $14,250 · program services $9,975 · management and general $4,275

  • 10 · Payroll taxes

    total $10,151 · program services $7,106 · management and general $3,045

  • 11c · Fees: accounting

    total $19,682 · management and general $19,682

  • 11f · Fees: investment management

    total $124,832 · management and general $124,832

  • 11g · Fees: other

    total $50 · management and general $50

  • 13 · Office expenses

    total $1,007 · program services $252 · management and general $755

  • 16 · Occupancy

    total $59,869 · program services $41,908 · management and general $17,961

  • 17 · Travel

    total $3,276 · program services $3,276

  • 19 · Conferences, conventions and meetings

    total $3,361 · program services $3,361

  • 22 · Depreciation, depletion and amortization

    total $1,850 · program services $1,295 · management and general $555

  • 23 · Insurance

    total $7,164 · program services $5,015 · management and general $2,149

  • 24a · Other expenses: FOREIGN TAX ON INVESTME

    total $33,347 · management and general $33,347

  • 24b · Other expenses: DECOR & FURNISHING

    total $26,294 · management and general $26,294

  • 24c · Other expenses: GRANTEE SUPPORT

    total $10,365 · program services $10,365

  • 24d · Other expenses: TECHNOLOGY EXPENSE

    total $9,562 · program services $4,781 · management and general $4,781

  • 24e · All other expenses

    total $13,813 · program services $2,719 · management and general $11,094

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,909 · end of year $77,825

  • 6 · Loans and receivables from disqualified persons

    beginning of year $459,409 · end of year $401,387

  • 10a · Land, buildings and equipment: cost or other basis

    $136,016

  • 10b · Land, buildings and equipment: accumulated depreciation

    $85,551

  • 10c · Land, buildings and equipment, net

    beginning of year $52,316 · end of year $50,465

  • 11 · Investments: publicly traded securities

    beginning of year $107,671,600 · end of year $112,282,334

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,096 · end of year $2,843

  • 27 · Net assets without donor restrictions

    beginning of year $108,193,138 · end of year $112,809,168

Mission and programs · 2024

Mission

THE BURKE FOUNDATION SEEKS TO MAKE A DIFFERENCE IN THE LIVES OF YOUTH BY INVESTING IN CREATIVE, WELL-CONCEIVED AND COST-EFFECTIVE EDUCATIONAL ACTIVITIES THAT ENHANCE AND IMPROVE (A) THE CHARACTER, QUALITY, AND ACCESS TO EDUCATION; (B) THE PERSONAL, SOCIAL, AND INTELLECTUAL DEVELOPMENT OF CHILDREN AND YOUTH; OR (C) THE EDUCATIONAL AND SOCIAL QUALITY OF COMMUNITY LIFE.

Activities or mission (Part I)

TO SERVE AND BENEFIT ORGANIZATIONS COMMITTED TO ENHANCING AND IMPROVING (A) THE CHARACTER OF, QUALITY OF, AND ACCESS TO EDUCATION; (B) THE PERSONAL, SOCIAL, AND INTELLECTUAL DEVELOPMENT OF CHILDREN AND YOUTH; OR (C) THE EDUCATIONAL AND SOCIAL QUALITY OF COMMUNITY LIFE.

  • THE FOUNDATION PROVIDES GRANTS TO EXEMPT ORGANIZATIONS THAT ARE COMMITTED TO ENHANCING AND IMPROVING (A) THE CHARACTER OF, THE QUALITY OF, AND ACCESS TO EDUCATION, (B) THE PERSONAL, SOCIAL, AND INTELLECTUAL DEVELOPMENT OF CHILDREN AND YOUTH, OR (C) THE EDUCATIONAL AND SOCIAL QUALITY OF COMMUNITY LIFE.

    Expenses $7,101,605 · Grants $6,891,474

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kathleen Burke

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mary Burke

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Michele Deubel

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Debra Dosemagen

    DIRECTOR

    Total calculated
    $109,477
    From this org
    $5,000
    From related orgs
    $100,777
    Other
    $3,700
    Hours/week
    1 + 40 related

  • Abiola Keller

    DIRECTOR

    Total calculated
    $144,419
    From this org
    $5,000
    From related orgs
    $126,162
    Other
    $13,257
    Hours/week
    1 + 40 related

  • Deanna Tillisch

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Christopher Due

    EXECUTIVE DIRECTOR

    Total calculated
    $121,540
    From this org
    $118,000
    From related orgs
    $0
    Other
    $3,540
    Hours/week
    40

  • William Komisar

    TREASURER

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 April 2025
IRS schema version
2024v5.1
Source object
202521069349300842

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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