Civic Intelligence

The Burroughs Foundation Inc

EIN 26-4023365 • 501(c)3 • Memphis, TN

Profile

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.

3380 Pearson RdMemphis, TN 38118

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

31st percentile

0.06x

Higher debt load relative to revenue than 31% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

14th percentile

-18%

Higher net margin than 14% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

61st percentile

7.8%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-78%

Faster revenue growth than 2% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$5,084,956

Up $369,938 (+7.8%) from 2023

Liabilities

Up

$19,466

Up $17,660 (+978%) from 2023

Net Assets

Up

$5,065,490

Up $352,278 (+7.5%) from 2023

Operations
Liabilities / Revenue31st percentileNet Margin14th percentile

Revenue

Down

$311,817

Down $1,082,147 (-78%) from 2023

Expenses

Up

$366,508

Up $93,961 (+34%) from 2023

Net Income

Down

-$54,691

Down $1,176,108 (-105%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth61st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2020: $2,621,880Liabilities 2020: $0Net Assets 2020: $2,621,8802020Assets 2021: $3,358,094Liabilities 2021: $3,000Net Assets 2021: $3,355,0942021Assets 2022: $3,338,520Liabilities 2022: $688Net Assets 2022: $3,337,8322022Assets 2023: $4,715,018Liabilities 2023: $1,806Net Assets 2023: $4,713,2122023Assets 2024: $5,084,956Liabilities 2024: $19,466Net Assets 2024: $5,065,4902024

Highlighted filing

2024

Assets$5,084,956
Liabilities$19,466
Net Assets$5,065,490
Open 2024 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2020: $338,297Expenses 2020: $241,058Net Income 2020: $97,2392020Revenue 2021: $708,922Expenses 2021: $299,666Net Income 2021: $409,2562021Revenue 2022: $516,938Expenses 2022: $396,039Net Income 2022: $120,8992022Revenue 2023: $1,393,964Expenses 2023: $272,547Net Income 2023: $1,121,4172023Revenue 2024: $311,817Expenses 2024: $366,508Net Income 2024: -$54,6912024

Highlighted filing

2024

Revenue$311,817
Expenses$366,508
Net Income-$54,691
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,084,956
Liabilities
$19,466
Net assets
$5,065,490
Revenue
$311,817
Expenses
$366,508
Net income
-$54,691
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.08$0.02$5.07$0.31$0.37$0.05
2023Detailed filing. Detailed filing data is available for this year.$4.72$0.00$4.71$1.39$0.27$1.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.34$0.00$3.34$0.52$0.40$0.12
2021Detailed filing. Detailed filing data is available for this year.$3.36$0.00$3.36$0.71$0.30$0.41
2020Detailed filing. Detailed filing data is available for this year.$2.62$0.00$2.62$0.34$0.24$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 16, 2025
Return Version
2024v5.2
Gross Receipts
$311,817
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,712,808$5,107,544▲ $394,736
Accounts Receivable-$13,178-
Cash and Non-Interest-Bearing Accounts$2,210$-35,766▼ $37,976
Total Assets$4,715,018$5,084,956▲ $369,938
Liabilities
Accounts Payable and Accrued Expenses$1,806$19,466▲ $17,660
Total Liabilities$1,806$19,466▲ $17,660
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,713,212$5,065,490▲ $352,278
Total Net Assets Fund Balance$4,713,212$5,065,490▲ $352,278
Total Liabilities and Net Assets / Fund Balance$4,715,018$5,084,956▲ $369,938

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,313,157--
Financial Derivatives$0--
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Tyrone A Burroughs 3 OfficerPresident
Crystal Epps 3 OfficerAccountant
Demar Roberts 3 OfficerOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$311,816
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$0
All Other Contributions
$311,816
Change in Net Assets
$-54,691
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$288,272
Salaries, Compensation, and Employee Benefits$64,269
Grants and Similar Amounts Paid$13,967
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$65,456$0$0$65,456
Current Officers, Directors, Trustees, and Key Employees$59,213$0$0$59,213
All Other Expenses$35,453$0$0$35,453
Grants to Domestic Orgs$13,967--$13,967
Occupancy$6,955$0$0$6,955
Payroll Taxes$0$4,611$0$4,611
Payment Travel Entrtnmnt Publicly Ofcl$0$1,167$0$1,167
Interest$0$639$0$639
Advertising$0$476$0$476
Other Employee Benefits$0$445$0$445
Other Expenses$0$263$0$263
Total Functional Expenses$358,907$7,601$0$366,508
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Burroughs Foundation Inc
EIN
26-4023365
Phone
9013608967
Address
3380 Pearson Rd, Memphis, TN 38118

Signing Officer

Name
Tyrone A Burroughs
Title
Officer
Phone
9013608967
Signed
2025-09-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tyrone A Burroughs
Formed
2013
Legal Domicile
Tn
Voting Board Members
3
Independent Board Members
0
Employees
1
Volunteers
0

Preparer

Firm
Banks Finley White & Co
Address
617 37TH STREET SOUTH, BIRMINGHAM, AL 35222
Preparer
Christopher M Hearn
Phone
9013101981
Supplemental Narrative

Additional Explanations

Pt X

“Preserver Insurance Contract LP No. 5005515, Value $ 2,648,476”

Pt VI, Line 11B

“Return is reviewed at monthly board meeting”

Pt VI, Line 12C

“Compliance is monitored by the board of directors”

Pt VI, Line 19

“Governing documents, conflict of interest policy, and financial statements are shown on the foundation website”

Pt VI, Line 2

“Two of the officers are related”

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IRS990/TotalFunctionalExpensesGrp/TotalAmt0366508
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01806
IRS990/TotalLiabilitiesEOYAmt019466
IRS990/TotalLiabilitiesGrp/BOYAmt01806
IRS990/TotalLiabilitiesGrp/EOYAmt019466
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04713212
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05065490
IRS990/TotalProgramServiceExpensesAmt0358907
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0311817
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04715018
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05084956
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02784 Calkins Creek CV
IRS990/USAddress/CityNm0Germantown
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038139
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Tyrone A Burroughs
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Officer
ReturnHeader/BusinessOfficerGrp/PhoneNum09013608967
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Burroughs Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0BURR
ReturnHeader/Filer/EIN0264023365
ReturnHeader/Filer/PhoneNum09013608967
ReturnHeader/Filer/USAddress/AddressLine1Txt03380 Pearson Rd
ReturnHeader/Filer/USAddress/CityNm0Memphis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038118
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621145254
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BANKS FINLEY WHITE & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0617 37TH STREET SOUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BIRMINGHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035222
ReturnHeader/PreparerPersonGrp/PhoneNum09013101981
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Christopher M Hearn
ReturnHeader/ReturnTs02026-03-16T11:29:49-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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