Overview
What is The Burroughs Foundation Inc?
The Burroughs Foundation Inc, based in Memphis, Tennessee, is a compact nonprofit organization with a strong mission. They aim to empower institutions and individuals, fostering their capacity to positively impact their communities. By providing financial support, such as the $100,000 scholarship grant to Benedict College in South Carolina, they contribute to the transformation of individuals into successful contributors to society at large. With a dedicated team of one employee, The Burroughs Foundation Inc is committed to making a significant difference in communities, fostering growth and success for all.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60%, Two-Star out of Four Star rating.
The Burroughs Foundation Inc has received a two-star rating due to its overall score of 60%, which indicates a need for improvement in certain accountability and financial practices. While the foundation demonstrates a strong program expense ratio of 82.87%, suggesting a high level of funds directed toward its programs, the lack of independent board members and missing financial statements raises concerns about governance and transparency.
The foundation has some strengths, including a strong liability to assets ratio and the presence of a conflict of interest policy. However, the absence of a whistleblower policy and the failure to provide essential financial documents on its website detract from its overall transparency. These factors contribute to the limited accountability that potential donors and supporters might find concerning.
In summary, while The Burroughs Foundation Inc allocates a significant portion of its budget to programs, serious governance and transparency issues must be addressed to improve its rating and build trust with stakeholders. Addressing these limitations could enhance its standing within the nonprofit community and attract more support.
This AI summary has been generated from information found on Charity Navigator.
Is The Burroughs Foundation Inc legitimate?
The Burroughs Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Burroughs Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $57,318
For more financial information, click here
What is the mission statement of The Burroughs Foundation Inc?
The Burroughs Foundation Inc's mission is to empower both institutions and individuals, fostering their ability to positively impact their communities. The organization aims to facilitate the transformation of these entities, enabling them to become successful contributors to society at large. By providing financial aid, such as the $100,000 scholarship donation to Benedict College, The Burroughs Foundation Inc supports this transformative process, nurturing the growth of successful community contributors.
Who is the CEO of The Burroughs Foundation Inc?
Tyrone A Burroughs is the President of The Burroughs Foundation Inc.
What is the revenue of The Burroughs Foundation Inc?
The Burroughs Foundation Inc's revenue in 2022 was $516,938.
Who are the executives of The Burroughs Foundation Inc and what are their salaries?
The average compensation at The Burroughs Foundation Inc during 2022 was $57,318. There is 1 employee at The Burroughs Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Burroughs Foundation Inc?
The Burroughs Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Burroughs Foundation Inc
The Burroughs Foundation Inc is committed to empowering both institutions and individuals to make substantial contributions to their communities. Their mission is to facilitate the transformation of individuals, enabling them to become successful contributors to society at large. By providing aid, this organization seeks to ensure the success of communities and foster the growth of individuals who can positively impact society. The Burroughs Foundation Inc's mission is centered around the belief that by investing in people, they can help bring about positive change and foster a more prosperous society.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Burroughs Foundation Inc empowers institutions and individuals to make significant contributions to their communities, ensuring their success. By providing support and resources, the foundation aims to facilitate the transformation of individuals into successful contributors to society at large. For example, a notable impact includes a $100,000 donation to Benedict College in Columbia, SC, for scholarships, demonstrating a commitment to educational advancement and community improvement.
This information is meant to be a general summary of The Burroughs Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $516,938
Assets and Liabilities:
- Total Assets: $3,338,520
- Total Liabilities: $688
- Net Assets: $3,337,832
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2013
Phone
(901) 360-8967Principal Officer
Tyrone A Burroughs
Main Address
3380 Pearson Rd, Memphis, TN, 38118
NTEE Category
Code: S12 - Community improvement
If you are a representative of The Burroughs Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.