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Nonprofiteer
← THE BURKITT FOUNDATION

Form 990 for tax year 2023

Filed by THE BURKITT FOUNDATION.

Totals

Total revenue
$2,772,088
Total expenses
$1,559,445
Contributions and grants received
$0
Grants paid
$1,205,983
Program service revenue
$0
Investment income
$908,597
Other revenue
$1,863,491
Total assets, end of year
$34,983,313
Total liabilities, end of year
$13,945
Net assets or fund balances, end of year
$34,969,368
Program services expenses (Part IX)
$1,416,408
Management and general expenses
$143,037
Fundraising expenses
$0
Program service expenses (Part III)
$1,416,408

Program services were 90.8% 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 $540,851 · related or exempt $540,851

  • 5 · Royalties

    total $1,842,400 · related or exempt $1,842,400

  • 7a · Gross sales of assets other than inventory

    securities $2,408,539 · other assets $588,212

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

    securities $2,180,667 · other assets $448,338

  • 7c · Gain or loss

    securities $227,872 · other assets $139,874

  • 7d · Net gain or loss

    total $367,746 · related or exempt $367,746

  • 11a · Other revenue: LEASE BONUS INCOME

    total $21,091 · related or exempt $21,091

  • 11e · Other revenue, total

    $21,091

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,205,983 · program services $1,205,983

  • 11a · Fees: management

    total $20,000 · management and general $20,000

  • 11b · Fees: legal

    total $9,188 · management and general $9,188

  • 11c · Fees: accounting

    total $8,100 · management and general $8,100

  • 11f · Fees: investment management

    total $94,172 · management and general $94,172

  • 11g · Fees: other

    total $35,858 · program services $35,858

  • 13 · Office expenses

    total $2,029 · management and general $2,029

  • 17 · Travel

    total $3,289 · management and general $3,289

  • 19 · Conferences, conventions and meetings

    total $1,353 · management and general $1,353

  • 23 · Insurance

    total $4,906 · management and general $4,906

  • 24a · Other expenses: PROGRAM EXPENSES

    total $124,439 · program services $124,439

  • 24b · Other expenses: AD VALOREM TAXES

    total $50,128 · program services $50,128

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $511,619 · end of year $247,475

  • 2 · Savings and temporary cash investments

    beginning of year $258,093 · end of year $289,164

  • 4 · Accounts receivable

    beginning of year $408,970 · end of year $248,289

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,315 · end of year $7,753

  • 10c · Land, buildings and equipment, net

    beginning of year $448,338

  • 11 · Investments: publicly traded securities

    beginning of year $23,007,897 · end of year $27,631,189

  • 12 · Investments: other securities

    beginning of year $9,281,565 · end of year $6,559,443

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,664 · end of year $13,945

  • 27 · Net assets without donor restrictions

    beginning of year $33,906,133 · end of year $34,969,368

Mission and programs · 2023

Mission

TO RECEIVE AND ADMINISTER PROPERTY ACQUIRED BY GIFT, GRANT, PURCHASE OR OTHERWISE TO PRIMARILY FOSTER AND PROMOTE THE INTERESTS OF CATHOLIC EDUCATIONAL ORGANIZATIONS, PRIMARILY IN THE STATE OF TEXAS AND IN THE SOUTHWESTERN UNITED STATES. THE GOAL IS TO MAKE ANNUAL GRANTS IN THE FOLLOWING AMOUNTS: SIXTY-SIX AND TWO-THIRDS PERCENT (66 2/3%) MADE TO CATHOLIC EDUCATIONAL ORGANIZATIONS AND THIRTY THREE AND ONE-THIRD PERCENT (33 1/3%) MADE TO SUPPORT ORGANIZATIONS FOR CHARITABLE PURPOSES.

  • THE MAKING OF GRANTS TO AND THROUGH EL PASO COMMUNITY FOUNDATION TO FURTHER THE PURPOSES OF THE FOUNDATION WHICH ARE DESCRIBED IN PART III - LINE 1.

    Expenses $1,416,408 · Grants $1,205,983

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

Listed in Part VII

  • John P Quinn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • Ellen Eisenlohr Dorn

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jeannine B Kennedy

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Rose Michalec

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Maureen De La Rosa

    B.O.D. MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Marti West

    B.O.D. MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Margarita Yolanda Kimmel

    B.O.D. MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sylvia Borunda Firth

    B.O.D. MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Shannon Jacquette

    B.O.D. MEMBER

    Total calculated
    $0
    Hours/week
    2

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

  • EL PASO COMMUNITY FOUNDATION

    $1,205,983

    TO FOSTER AND PROMOTE THE INTERESTS OF THE CATHOLIC EDUCATIONAL ORGANIZATIONS, PRIMARILY IN THE STATE OF TEXAS AND IN THE SOUTHWESTERN UNITED STATES WITH PROJECTED ANNUAL GRANTS OF APPROXIMATELY SIXTY-SIX AND TWO-THIRDS PERCENT (66 2/3%) MADE TO CATHOLIC EDUCATIONAL ORGANIZATIONS AND APPROXIMATELY THIRTY THREE AND ONE-THIRD PERCENT (33 1/3%) MADE TO SUPPORT ORGANIZATIONS FOR CHARITABLE PURPOSES.

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
2023
Filed
6 June 2024
IRS schema version
2023v5.0
Source object
202441739349300714

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