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Nonprofiteer
← BURTON FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by BURTON FAMILY FOUNDATION.

Totals

Total revenue
$1,614,032
Total expenses
$12,095,239
Contributions and grants received
$0
Grants paid
$11,520,183
Program service revenue
$0
Investment income
$1,614,032
Other revenue
$0
Total assets, end of year
$134,080,374
Total liabilities, end of year
$5,546,446
Net assets or fund balances, end of year
$128,533,928
Program services expenses (Part IX)
$11,635,537
Management and general expenses
$459,702
Fundraising expenses
$0
Program service expenses (Part III)
$11,635,537

Program services were 96.2% 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 $1,691,293 · excluded $1,691,293

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

    securities $77,261

  • 7c · Gain or loss

    securities -$77,261

  • 7d · Net gain or loss

    total -$77,261 · excluded -$77,261

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,464,683 · program services $11,464,683

  • 2 · Grants to domestic individuals

    total $55,500 · program services $55,500

  • 8 · Pension plan contributions

    total $8,344 · program services $4,172 · management and general $4,172

  • 9 · Other employee benefits

    total $166,860 · program services $87,354 · management and general $79,506

  • 10 · Payroll taxes

    total $6,166 · program services $3,083 · management and general $3,083

  • 11a · Fees: management

    total $300,000 · management and general $300,000

  • 11f · Fees: investment management

    total $58,334 · management and general $58,334

  • 11g · Fees: other

    total $286 · management and general $286

  • 12 · Advertising and promotion

    total $36 · program services $18 · management and general $18

  • 13 · Office expenses

    total $15,452 · program services $15,158 · management and general $294

  • 14 · Information technology

    total $3,405 · program services $2,952 · management and general $453

  • 24a · Other expenses: DUES, SUBSCRIPTIONS & P

    total $12,703 · management and general $12,703

  • 24b · Other expenses: DONOR STEWARDSHIP/CULTI

    total $3,470 · program services $2,617 · management and general $853

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $130,063,119 · end of year $130,811,191

  • 12 · Investments: other securities

    beginning of year $4,032,167 · end of year $3,269,183

  • 17 · Accounts payable and accrued expenses

    end of year $15,446

  • 18 · Grants payable

    beginning of year $2,679,000 · end of year $5,531,000

  • 27 · Net assets without donor restrictions

    beginning of year $131,416,286 · end of year $128,533,928

Mission and programs · 2023

Mission

GUIDED BY A BELIEF IN THE INHERENT DIGNITY OF ALL INDIVIDUALS, OUR MISSION IS TO ADVANCE INDIVIDUAL ACHIEVEMENT THROUGH SUPPORT FOR EDUCATION AND HUMAN SERVICES PROGRAMS AND INITIATIVES. WE PRIORITIZE SUPPORT FOR HIGH-NEED, UNDERSERVED, AND UNDERREPRESENTED GROUPS, WORKING DILIGENTLY TO ELIMINATE DISPARITIES AND CREATE A PATHWAY TO SHARED PROSPERITY.

Activities or mission (Part I)

INDIVIDUAL ACHIEVEMENT THROUGH SUPPORT FOR EDUCATION AND HUMAN SERVICES PROGRAMS.

  • GRANTS TO CHARITABLE ORGANIZATIONS IN SUPPORT OF THE PURPOSES OF THE ARIZONA COMMUNITY FOUNDATION, INC.

    Expenses $11,635,537 · Grants $11,520,183

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christine Burton

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Daryl Burton

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Howard Kesselman

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Anna Maria Chavez

    PRESIDENT (THRU 2/24)

    Total calculated
    $474,002
    From this org
    $0
    From related orgs
    $473,078
    Other
    $924
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $460,577 related
    Bonus
    $0 + $12,501 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $924 related
    Filer's total
    $0 + $474,002 related

  • Glenn Wike

    PRESIDENT

    Total calculated
    $332,516
    From this org
    $0
    From related orgs
    $310,537
    Other
    $21,979
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $279,299 related
    Bonus
    $0 + $31,238 related
    Other
    $0
    Deferred
    $0 + $13,158 related
    Nontaxable benefits
    $0 + $8,821 related
    Filer's total
    $0 + $332,516 related

  • Steve Seleznow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Kur

    DIRECTOR

    Total calculated
    $296,192
    From this org
    $0
    From related orgs
    $267,228
    Other
    $28,964
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,968 related
    Bonus
    $0 + $34,260 related
    Other
    $0
    Deferred
    $0 + $27,956 related
    Nontaxable benefits
    $0 + $1,008 related
    Filer's total
    $0 + $296,192 related

  • Kyla Quintero

    SECRETARY & TREASURER (THRU 12/23)

    Total calculated
    $404,511
    From this org
    $0
    From related orgs
    $374,901
    Other
    $29,610
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $323,663 related
    Bonus
    $0 + $51,238 related
    Other
    $0
    Deferred
    $0 + $19,420 related
    Nontaxable benefits
    $0 + $10,190 related
    Filer's total
    $0 + $404,511 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CASSIDY CHARITABLE LP

    EXCLUDED · INVESTMENT · AZ · 99% owned · share of assets $24,300

  • LIBERTY INV LLLP

    EXCLUDED · INVESTMENT · AZ · 97% owned · share of income $79,905 · share of assets $678,550

  • FTP HOLDINGS LLC

    EXCLUDED · INVESTMENT · AZ · 95% owned · share of assets $234,701

  • A&C LAKESIDE INV

    EXCLUDED · INVESTMENT · AZ · 97% owned · share of assets $489,000

  • PEDERSON POSSE LLC SERIES A

    EXCLUDED · INVESTMENT · AZ · 98% owned · share of income $596,000 · share of assets $596,000

  • PEDERSON POSSE LLC SERIES B

    EXCLUDED · INVESTMENT · AZ · 98% owned · share of income $1,401,000 · share of assets $1,401,000

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUST (21)

    INVESTMENT · AZ

  • CHARITABLE LEAD TRUST (2)

    INVESTMENT · AZ

Provenance

Return type
form_990
Tax year
2023
Filed
6 February 2025
IRS schema version
2023v6.0
Source object
202540439349301429

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