Overview
What is The Burton Foundation?
The Burton Foundation is a nonprofit organization situated in Elgin, Illinois, with a focus on aiding the underprivileged and distressed. They accomplish this mission by granting financial aid, offering assistance, and providing low-interest loans to those in need, particularly for housing and health-related expenses. Furthermore, they actively contribute to the creation of affordable housing through collaborations in low-income housing tax credit projects and property management activities. With a team of four dedicated individuals, the Burton Foundation works tirelessly to improve living conditions and support the well-being of their community's most vulnerable members.
Official website here: www.theburtonfoundation.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Stars
The Burton Foundation has received a 69% score from Charity Navigator, reflecting a Two-Star rating primarily based on its Accountability and Finance practices. The foundation boasts a strong independent board, with 100% of its members being independent, and shows a high program expense ratio of 94.90%, indicating a significant portion of its funds is directed towards its programs.
However, there are notable limitations in its financial reporting. The foundation received a score of zero for the availability of financial statements, which raises concerns regarding transparency. Additionally, it lacks key policies such as a conflict of interest policy and a whistleblower policy, which could impact its governance and accountability practices.
Despite its strengths in board independence and programmatic spending, the absence of critical financial documentation and governance policies suggests that potential donors should approach with caution and seek further clarity on the foundation's operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Burton Foundation legitimate?
The Burton Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Burton Foundation 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: $190,701
Professional Fundraising Fees: $0
Other Salaries and Wages: $362,335
For more financial information, click here
Official website here: www.theburtonfoundation.org/
What is the mission statement of The Burton Foundation?
The Burton Foundation's mission is geared towards alleviating hardships faced by the less fortunate. They achieve this by offering grants, assistance, and low-interest loans for housing and health necessities. Furthermore, the foundation is actively involved in promoting low-income housing by participating in low-income housing tax credit projects and engaging in property management activities. Their goal is to provide relief and improve living conditions for those in need.
Official website here: www.theburtonfoundation.org/
Who is the CEO of The Burton Foundation?
Tracey Manning is the President of The Burton Foundation.
Official website here: www.theburtonfoundation.org/
What is the revenue of The Burton Foundation?
The Burton Foundation's revenue in 2022 was $2,030,488.
Official website here: www.theburtonfoundation.org/
Who are the executives of The Burton Foundation and what are their salaries?
The average compensation at The Burton Foundation during 2022 was $138,259. There are 4 employees at The Burton Foundation.
Here are 6 key members and their salaries:
- Compensation: $190,701
- Related: $184,920
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.theburtonfoundation.org/
Where can I find the form 990 for The Burton Foundation?
The Burton Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theburtonfoundation.org/
Learn more at the official website: www.theburtonfoundation.org/
Mission Statement of The Burton Foundation
The Burton Foundation, a nonprofit organization, is dedicated to offering aid to those in need, specifically focusing on the poor and distressed individuals. Its mission is multifaceted, encompassing the provision of grants, assistance, and low-interest loans to help alleviate housing and health-related issues among the impoverished. Furthermore, the foundation plays a significant role in fostering low-income housing by participating in low-income housing tax credit project partnerships and engaging in property management activities. In essence, The Burton Foundation seeks to improve the living conditions and well-being of disadvantaged communities by addressing their fundamental needs for housing and healthcare.
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Impact
October, 2024
The Burton Foundation significantly impacts communities by providing essential relief to the poor and distressed. Through its efforts, it offers grants, assistance, and low-interest loans aimed at addressing critical housing and health needs. By fostering low-income housing initiatives, including participation in low-income housing tax credit project partnerships and property management activities, the foundation actively works to improve living conditions for those in need. Based in Elgin, IL, its mission focuses on alleviating poverty and enhancing access to affordable housing and healthcare, thereby making a meaningful difference in the lives of individuals and families struggling with economic hardship.
This information is meant to be a general summary of The Burton Foundation. 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.
- Investment Income: $1,117,041
- Program Service Revenue: $586,996
- Gross Receipts: $2,322,332
Assets and Liabilities:
- Total Assets: $13,510,153
- Total Liabilities: $1,436,617
- Net Assets: $12,073,536
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admin Income Marison Suit
Revenue
$23,182
Admin income Water Edge
Revenue
$346,196
MMS South Elgin LLC Devel
Revenue
$83,236
Sponsor Fee Income
Revenue
$30,000
TIF Income
Revenue
$76,626
Organization Details
Founding Year
1992
Phone
(630) 938-7625Principal Officer
Tracey Manning
Main Address
2090 LARKIN AVE 5A-1, ELGIN, IL, 60123
Website
www.theburtonfoundation.org/NTEE Category
Code: Z99Z - Unknown
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