The Burton Foundation

Tax-deductible

Elgin, IL501(c)(3)UnclassifiedEIN 36-3839126Revenue $907K in FY2024

On file with the IRStheburtonfoundation.org2090 Larkin Ave Ste 5a1, 60123-5849 · Elgin, ILTax-exempt since Nov 1992Publicly supported — 509(a)(2)

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Relief for the poor and distressed through providing grants, assistance and low interest loans to the poor for housing and health needs, and fostering of low-income housing through participation in low-income housing tax

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$201K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
5 of 5
filings with a surplus
Average surplus $572K a year · 38% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$201K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
25 mo
of spending, in cash
Looks good: 24.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.4M
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$907K
-57% vs prior year
Spent
$804K
To programs
95%
Net assets
$13.5M
By yearFY2020–FY2024
Revenue
$907K
FY2024▼ -57%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$843K
FY2022$2.0M
FY2023$2.1M
FY2024$907K
Expenses
$804K
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$742K
FY2022$1.1M
FY2023$739K
FY2024$804K
Net assets
$13.5M
FY2024▲ +0.8%
Tap a bar for its year
Net assets by fiscal year
FY2020$11.0M
FY2021$11.1M
FY2022$12.1M
FY2023$13.4M
FY2024$13.5M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1992.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $762K Management & general 5% · $42K

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. Request edit privileges.

Who runs it and what they're paid

6 people listed on the 990; $201K paid to officers and key staff.

Part VII, Section A · reportable compensation
$200,696Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2020
Tracey Manning$200,696$196,045$190,701$183,615

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Burton Foundation executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides grants, loans, and housing assistance to help low-income individuals and families meet housing and health needs.

Provided by the organization

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1 program · $762K · in their own filed words · FY2024
01

Relief for the poor and distressed through providing grants, assistance and low interest loans to the poor for housing and health needs, and fostering of low-income housing through participation in low-income housing tax credit project partnerships and property management activities.

$762Kprogram expense

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 · 7 grants · $205K · 2020–2024
Sauk Valley FoodbankIL · FY2024$20,500
The Salvation ArmyIL · FY2024$10,500
Unitemized GrantFY2023$49,525
Unitemized GrantFY2022$51,177
Unitemized GrantFY2021$47,500
Unitemized GrantFY2020$20,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$907K
Ln 12
Investment incomeLn 3$560K
Fees for servicesLn 2g$342K
Gifts and grantsLn 1h$5K
Money outPt IX
$804K
Ln 25
Programscol B$762K
Managementcol C$42K
Owns and owesPt X
$13.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$15.0M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Fees for servicesLn 2g$342K
Investment incomeLn 3$560K
Other incomeLn 4–11$60
Gains on assetsLn 7$294K
Total revenueLn 12$907K
Assets in detailPt X, end of year
CashLn 1$1.7M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$746K
Other assetsLn 15$11.2M
Total assetsLn 16$15.0M
LiabilitiesLn 26$1.4M
Net assetsLn 32$13.5M
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$630K$1.7M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$511K$746K
Total assetsLn 16$14.9M$15.0M
LiabilitiesLn 26$1.5M$1.4M
Net assetsLn 32$13.4M$13.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$52K$52K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$191K$158K$33K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$119K$119K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$22K$22K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$35K$31K$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$16K$14K$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$22K$20K$2K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$33K$33K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$352$352
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$310K$310K$521
All other expensesLn 24e$4K$3K$598
Total functional expensesLn 25$804K$762K$42K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $907K$804K$103K$13.5M 990 PDF
FY2023 $2.1M$739K$1.4M$13.4M 990 PDF
FY2022 $2.0M$1.1M$933K$12.1M 990 PDF
FY2021 $843K$742K$101K$11.1M 990 PDF
FY2020 $1.6M$1.2M$368K$11.0M 990 PDF

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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 $906,816 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $175$5,000
I-9 Program service revenuePrior year $1,700,458$341,761
I-10 Investment incomePrior year $296,390$559,995
I-11 Other revenuePrior year $100,000$60
I-12 Total revenuePrior year $2,097,023$906,816
I-13 Grants and similar amounts paidPrior year $49,525$52,050
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $314,754$331,174
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $374,946$420,785
I-18 Total expensesPrior year $739,225$804,009
I-19 Revenue less expensesPrior year $1,357,798$102,807
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $906,816 across 10 lines filed
Lines not itemized here account for $25,976 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$5,000
VIII-1h Total contributions, gifts and grants$5,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $315,785$315,785
VIII-3 Investment incomeRelated to mission $266,039$266,039
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $293,956$293,956
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $60$60
VIII-12 Total revenueRelated to mission $901,816$906,816
Part IX · Statement of functional expenses $804,009 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $52,050$52,050
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $157,579 · Management $33,117$190,696
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $118,830$118,830
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $21,648$21,648
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $31,452 · Management $3,495$34,947
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $14,362 · Management $1,596$15,958
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $19,891 · Management $2,210$22,101
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $33,053$33,053
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $352$352
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $309,869 · Management $521$310,390
IX-24e All other expensesPrograms $3,386 · Management $598$3,984
IX-25 Total functional expensesPrograms $762,472 · Management $41,537 · Fundraising $0$804,009
Part X · Balance sheet $14,960,945 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $629,588$1,655,457
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $2,566,028$1,373,569
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $511,198$746,150
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $11,216,413$11,185,769
X-16 Total assetsStart of year $14,923,227$14,960,945
X-17 Accounts payable and accrued expensesStart of year $41,278$12,744
X-25 Other liabilitiesStart of year $35,204$6,306
X-26 Total liabilitiesStart of year $1,491,893$1,426,804
X-27 Net assets without donor restrictionsStart of year $13,431,334$13,534,141
X-32 Total net assets or fund balancesStart of year $13,431,334$13,534,141
X-33 Total liabilities and net assetsStart of year $14,923,227$14,960,945
Part XI · Reconciliation of net assets $13,534,141 net assets at year end
XI-1 Total revenue$906,816
XI-2 Total expenses$804,009
XI-3 Revenue less expenses$102,807
XI-4 Net assets at start of year$13,431,334
XI-10 Net assets at end of year$13,534,141

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

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