Jim Burke Educational Foundation EIN 77-0387337 Form 990 (PDF) Claim this org

Jim Burke Educational Foundation

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Funds students, teachers, and educational programs in Kern County through grants, scholarships, and awards. For fiscal year 2025 it reported $255K in revenue, $143K in expenses, and $1.8M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Bakersfield, CA
Filings
6 on file (2020–2025)
Revenue
$255KFY2025
Expenses
$143K
Net assets
$1.8M
People
4
Filings
6
Updates
0
More identity details & actions ⌄
EIN  77-0387337 Public charity (501(c)(3)) Bakersfield, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Funds students, teachers, and educational programs in Kern County through grants, scholarships, and awards.
Leadership
Matt Billings · Vice Preside
Money in and out
$255K revenue, $143K expenses
Bottom line
73% program efficiency
Where the money goes · FY2025
Total revenue
$255K
Pt VIII · Ln 12
Total expenses
$143K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $112K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.27
Program efficiency
73%
of spending reaches programs▼ -12% vs prior filing year
Operating runway
152.1mo
months of highly liquid reserves at operating expense rate▼ -29% vs prior filing year
Surplus margin
+44%
revenue over expenses, this year▲ +211% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$255K
FY2025▲ +81%
Expenses
$143K
FY2025▲ +18%
Total assets
$1.8M
FY2025▲ +7%
Total liabilities
$0
FY2025
Total revenue
$255K
Pt VIII · Ln 12
Total expenses
$143K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$112K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJim Burke Educational Foundation
EINHdr · item D77-0387337
Principal addressHdr · item CBakersfield, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFJun 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $105K of program spending, described in the organization's own filed words · FY2024.
01

Expenses paid for educational awards, grants and scholarships, and related administrative expenses.

$105Kprogram expense

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Statement of Revenue

Part VIII
Investment income$163K · 64%
Other revenue$63K · 25%
Contributions & grants$19K · 7%
Program service revenue$10K · 4%
Investment income64%$163K
Other revenue25%$63K
Contributions & grants7%$19K
Program service revenue4%$10K
Total revenueLn 12$255K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27
Program services73%$105K
Management & general27%$38K
Total functional expensesLn 25$143K

Balance Sheet

Part X · end of year
CashLn 1$56K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.8M
Months of cash on handcomputed4.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.8M · Operating expenses/yr $143K
152.1 months
Where the money goes
Program services
Program services $105K · Total expenses $143K
73%
Management & General
Management & general $38K · Total expenses $143K
27%
Fundraising
Fundraising $0 · Total expenses $143K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $25K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $19K · Total revenue $255K
7%
Government reliance
Government grants — · Total revenue $255K
Earned-income share
Program service revenue $10K · Total revenue $255K
4%
Investment reliance
Investment income $163K · Total revenue $255K
+64%
Program self-sufficiency
Program service revenue $10K · Total expenses $143K
7%
Growth & trend
Revenue growth (YoY)
This year $255K · Prior year $141K
+81%
Revenue CAGR
FY2019 $110K · FY2024 $255K
+18%
Net-asset trend (YoY)
End of year $1.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $255K · Expenses $143K
+44%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $1.8M · Total assets $1.8M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.8M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
97%
People & payroll
Highest Reported Total Compensation
Individual Matt Billings · Reported title VICE PRESIDE · Highest reported compensation $0 · Total expenses $143K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $143K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 27%
Fundraising cost ratio 0%
Revenue growth 81%
Investment management fee ratio 0.2%
Legal fee ratio 0.05%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$6K
See all 3 funders →
Grants paid · 2 grants · $145K · 2023–2024
Unitemized GrantFY2024$73,000
Unitemized GrantFY2023$72,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$255K revenue · viewing · ⤓ 990 PDF
FY2024$141K revenue · ⤓ 990 PDF
FY2023$124K revenue · ⤓ 990 PDF
FY2022$128K revenue · ⤓ 990 PDF
FY2021$111K revenue · ⤓ 990 PDF
FY2020$110K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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