philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

The Burroughs Foundation INC

Tax-deductible

Memphis, TN501(c)(3)Community DevelopmentEIN 26-4023365Revenue $312K in FY2024

On file with the IRS3380 Pearson Rd, 38118-1631 · Memphis, TNTax-exempt since Mar 2019Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

Empower institutions and people to make significant contributions to their communities to make sure they are successful. We intend to aid in the transformation of individuals and transform people into successful contributors to our society at large.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $339K a year · 52% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: -1.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$19K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$312K
-78% vs prior year
Spent
$367K
To programs
98%
Net assets
$5.1M
By yearFY2020–FY2024
Revenue
$312K
FY2024▼ -78%
Tap a bar for its year
Revenue by fiscal year
FY2020$338K
FY2021$709K
FY2022$517K
FY2023$1.4M
FY2024$312K
Expenses
$367K
FY2024▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2020$241K
FY2021$300K
FY2022$396K
FY2023$273K
FY2024$367K
Net assets
$5.1M
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$3.4M
FY2022$3.3M
FY2023$4.7M
FY2024$5.1M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Exemption reinstated (2012-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Mar 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $359K Management & general 2% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Burroughs Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps people and institutions succeed and contribute to their communities and society.

Questions for The Burroughs Foundation INC

Tap to ask. The Burroughs Foundation INC sees how many people are interested.

Your first name shows with your question. The Burroughs Foundation INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

2 programs · $359K · in their own filed words · FY2024
01

Donatations to Benedict College 1600 Harden St Columbia SC 29204 TIN 57-0314365 for Scholarship for students.

$359Kprogram expense
02

Donation to Metro Baptist for community enhancement

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 9 grants · $461K · 2021–2022
Benedict CollegeFY2022$100,000
Metro BaptistFY2022$25,000
Links Foundation INCDC · FY2022$25,000
Benedict CollegeFY2021$150,968
Metro BaptistFY2021$105,000
NcrmFY2021$25,000
Loc Alumni AssocFY2021$10,000
AlsacFY2021$10,000
A Step Ahead FoundationFY2021$10,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$312K
Ln 12
Gifts and grantsLn 1h$312K
Investment incomeLn 3$1
Money outPt IX
$367K
Ln 25
Programscol B$359K
Managementcol C$8K
Owns and owesPt X
$5.1M
net assets · Ln 32
Cash and savingsLn 1–2−$36K
Total assetsLn 16$5.1M
LiabilitiesLn 26$19K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$312K
Investment incomeLn 3$1
Total revenueLn 12$312K
Assets in detailPt X, end of year
CashLn 1−$36K
Cash and savings togetherLn 1–2−$36K
InvestmentsLn 11–13$5.1M
Total assetsLn 16$5.1M
LiabilitiesLn 26$19K
Net assetsLn 32$5.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2K−$36K
InvestmentsLn 11–13$4.7M$5.1M
Total assetsLn 16$4.7M$5.1M
LiabilitiesLn 26$2K$19K
Net assetsLn 32$4.7M$5.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$14K$14K
Pay of current officers, directors and key staffLn 5$59K$59K$0$0
Other employee benefitsLn 9$445$0$445$0
Payroll taxesLn 10$5K$0$5K$0
Management feesLn 11a$65K$65K$0$0
Advertising and promotionLn 12$476$0$476$0
OccupancyLn 16$7K$7K$0$0
Travel and entertainment for public officialsLn 18$1K$0$1K$0
InterestLn 20$639$0$639$0
Other expenses (24a–d)Ln 24$178K$178K$263$0
All other expensesLn 24e$35K$35K$0$0
Total functional expensesLn 25$367K$359K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $312K$367K−$55K$5.1M 990 PDF
FY2023 $1.4M$273K$1.1M$4.7M 990 PDF
FY2022 $517K$396K$121K$3.3M 990 PDF
FY2021 $709K$300K$409K$3.4M 990 PDF
FY2020 $338K$241K$97K$2.6M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $311,817 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,393,964$311,816
I-9 Program service revenue$0
I-10 Investment income$1
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,393,964$311,817
I-13 Grants and similar amounts paidPrior year $0$13,967
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $54,753$64,269
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $217,794$288,272
I-18 Total expensesPrior year $272,547$366,508
I-19 Revenue less expensesPrior year $1,121,417−$54,691
Part VI · Governance 0 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $311,817 across 4 lines filed
VIII-1f All other contributions, gifts and grants$311,816
VIII-1h Total contributions, gifts and grants$311,816
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$1
VIII-12 Total revenueRelated to mission $1 · Unrelated business $0 · Excluded from tax $0$311,817
Part IX · Statement of functional expenses $366,508 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $13,967$13,967
IX-5 Pay of current officers, directors and key staffPrograms $59,213 · Management $0 · Fundraising $0$59,213
IX-9 Other employee benefitsPrograms $0 · Management $445 · Fundraising $0$445
IX-10 Payroll taxesPrograms $0 · Management $4,611 · Fundraising $0$4,611
IX-11a Management feesPrograms $65,456 · Management $0 · Fundraising $0$65,456
IX-12 Advertising and promotionPrograms $0 · Management $476 · Fundraising $0$476
IX-16 OccupancyPrograms $6,955 · Management $0 · Fundraising $0$6,955
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $1,167 · Fundraising $0$1,167
IX-20 InterestPrograms $0 · Management $639 · Fundraising $0$639
IX-24 Other expenses (24a–d)Programs $177,863 · Management $263 · Fundraising $0$178,126
IX-24e All other expensesPrograms $35,453 · Management $0 · Fundraising $0$35,453
IX-25 Total functional expensesPrograms $358,907 · Management $7,601 · Fundraising $0$366,508
Part X · Balance sheet $5,084,956 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $2,210−$35,766
X-4 Accounts receivable$13,178
X-12 Other securitiesStart of year $4,712,808$5,107,544
X-16 Total assetsStart of year $4,715,018$5,084,956
X-17 Accounts payable and accrued expensesStart of year $1,806$19,466
X-26 Total liabilitiesStart of year $1,806$19,466
X-27 Net assets without donor restrictionsStart of year $4,713,212$5,065,490
X-32 Total net assets or fund balancesStart of year $4,713,212$5,065,490
X-33 Total liabilities and net assetsStart of year $4,715,018$5,084,956
Part XI · Reconciliation of net assets $5,065,490 net assets at year end
XI-1 Total revenue$311,817
XI-2 Total expenses$366,508
XI-3 Revenue less expenses−$54,691
XI-4 Net assets at start of year$4,713,212
XI-5 Net unrealized gains (losses) on investments$406,969
XI-10 Net assets at end of year$5,065,490

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.