Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $120,628

• 1f · All other contributions, gifts and grants

  $62,562

• 3 · Investment income

  total $29,678 · excluded $29,678

• 7a · Gross sales of assets other than inventory

  securities $829,131

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

  securities $716,060

• 7c · Gain or loss

  securities $113,071

• 7d · Net gain or loss

  total $113,071 · excluded $113,071

• 8a · Fundraising events: gross income

  $26,078

• 8a · Fundraising events: contributions included on line 1c

  $120,628

• 8b · Fundraising events: direct expenses

  $20,899

• 8c · Net income from fundraising events

  total $5,179 · excluded $5,179

• 10a · Gross sales of inventory

  $64,777

• 10b · Cost of goods sold

  $24,851

• 10c · Net income from sales of inventory

  total $39,926 · related or exempt $39,926

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $558,604 · program services $558,604

• 11a · Fees: management

  total $128,473 · fundraising $128,473

• 12 · Advertising and promotion

  total $350 · fundraising $350

• 13 · Office expenses

  total $24,174 · fundraising $24,174

• 14 · Information technology

  total $755 · fundraising $755

• 16 · Occupancy

  total $1,927 · fundraising $1,927

• 17 · Travel

  total $1,640 · fundraising $1,640

• 24a · Other expenses: HEALING GARDEN EXPENSES

  total $308 · fundraising $308

• 24e · All other expenses

  total $348 · fundraising $348

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $330,003 · end of year $262,831

• 2 · Savings and temporary cash investments

  beginning of year $23,553 · end of year $60,665

• 4 · Accounts receivable

  end of year $514,510

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,329 · end of year $2,129

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

  $2,381

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $2,381

• 11 · Investments: publicly traded securities

  beginning of year $1,642,009 · end of year $937,261

• 17 · Accounts payable and accrued expenses

  beginning of year $8,505 · end of year $136,561

• 25 · Other liabilities

  beginning of year $4,338 · end of year $15,086

• 27 · Net assets without donor restrictions

  beginning of year $1,957,690 · end of year $1,628,130

• 28 · Net assets with donor restrictions

  beginning of year $26,361 · end of year $0

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:

THE COMPENSATION OF CARL BEHN, JONATHAN WILKER, LYNN WOLD, JAMES GOBELL, AND BOBBI JOHNSON IS PAID FROM A RELATED ORGANIZATION, BURGESS HEALTH CENTER. MR. BEHNE SERVED AS THE PRESIDENT OF BURGESS HEALTH CENTER THROUGH MARCH 2024 AT WHICH POINT LYNN WOLD FILLED THE POSITION; THE PRESIDENT OF BURGESS HEALTH CENTER IS ALSO CONSIDERED THE TOP MANAGEMENT OFFICIAL OF BURGESS FOUNDATION. BURGESS HEALTH CENTER UTILIZES: A COMPENSATION COMMITTEE, A COMPENSATION SURVEY/STUDY AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE IN ESTABLISHING THE COMPENSATION OF THE PRESIDENT OF BURGESS HEALTH CENTER.