Civic Intelligence

The Burton Foundation

990 • Fiscal year 2010 • EIN 36-3839126

Jan 01, 2010 to Dec 31, 2010 • Filed on Nov 11, 2011

Organization Profiletheburtonfoundation.org
1202 Timberlane Drive61081
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

11th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2010 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets11th percentile

Assets

$961,579

No earlier filing loaded for comparison.

Net Assets

$961,579

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$45,766

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $961,579Liabilities 2010: $0Net Assets 2010: $961,5792010Assets 2011: $2,427,504Liabilities 2011: $0Net Assets 2011: $2,427,5042011Assets 2012: $2,126,354Liabilities 2012: $769,000Net Assets 2012: $1,357,3542012Assets 2013: $1,978,445Liabilities 2013: $624,950Net Assets 2013: $1,353,4952013Assets 2017: $7,818,569Liabilities 2017: $629,073Net Assets 2017: $7,189,4962017Assets 2018: $8,998,568Liabilities 2018: $933,517Net Assets 2018: $8,065,0512018Assets 2019: $9,071,319Liabilities 2019: $628,266Net Assets 2019: $8,443,0532019Assets 2020: $11,044,681Liabilities 2020: $5,113Net Assets 2020: $11,039,5682020Assets 2021: $11,901,867Liabilities 2021: $761,283Net Assets 2021: $11,140,5842021Assets 2022: $13,510,153Liabilities 2022: $1,436,617Net Assets 2022: $12,073,5362022Assets 2023: $14,923,227Liabilities 2023: $1,491,893Net Assets 2023: $13,431,3342023Assets 2024: $14,960,945Liabilities 2024: $1,426,804Net Assets 2024: $13,534,1412024

Highlighted filing

2010

Assets$961,579
Liabilities$0
Net Assets$961,579
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $45,7662010Expenses 2011: $155,5412011Expenses 2012: $195,8532012Revenue 2013: $12,433,414Expenses 2013: $12,409,405Net Income 2013: $24,0092013Revenue 2017: $6,403,663Expenses 2017: $448,292Net Income 2017: $5,955,3712017Revenue 2018: $661,564Expenses 2018: $552,256Net Income 2018: $109,3082018Revenue 2019: $2,061,122Expenses 2019: $2,682,934Net Income 2019: -$621,8122019Revenue 2020: $1,616,113Expenses 2020: $1,248,368Net Income 2020: $367,7452020Revenue 2021: $843,344Expenses 2021: $742,328Net Income 2021: $101,0162021Revenue 2022: $2,030,488Expenses 2022: $1,097,536Net Income 2022: $932,9522022Revenue 2023: $2,097,023Expenses 2023: $739,225Net Income 2023: $1,357,7982023Revenue 2024: $906,816Expenses 2024: $804,009Net Income 2024: $102,8072024

Highlighted filing

2010

Revenue-
Expenses$45,766
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2010 to Dec 31, 2010
Signed
Nov 11, 2011
Return Version
2010v3.4
Gross Receipts
$1,094,845
Mission and Program Overview

Mission

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.

Filing and Contact Details

Filer

EIN
36-3839126
Raw XML Appendix360 raw XML fields

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IRS990ScheduleO/GeneralExplanation/Explanation0ALL MEMBERS OF THE BOARD SHARE COMMON FAMILY RELATIONSHIPS WITH THE REST OF THE BOARD.
IRS990ScheduleO/GeneralExplanation/Explanation1PER THE CORPORATE BY-LAWS THERE SHALL BE TWO CLASSES OF MEMBERS, VOTING AND CONTRIBUTING. VOTING MEMBERS ARE SELECTED BY THE BOARD OF DIRECTORS AND SHALL NOT NUMBER LESS THAN FIVE (5) OR MORE THAN TWENTY (20), AND REQUIRE A MAJORITY VOTE BY THE BOARD OF DIRECTORS. VOTING MEMBERS MAY SELECT BY MAJORITY VOTE THE RECEIPIENTS OF THE FUNDS OF THE ORGANIZATION. THERE IS NO LIMIT TO CONTRIBUTING MEMBERS AND IS CONFERRED BY MAJORITY VOTE OF AT LEAST ONE-HALF OF THE BOARD OF DIRECTORS. CONTRIBUTING MEMBERS CONSIST OF THOSE INDVIDUALS OR ORGANIZATIONS INTERESTED IN THE GOALS AND PURSUITS OF THE BURTON FOUNDATION.
IRS990ScheduleO/GeneralExplanation/Explanation2THE TREASURER AND PRESIDENT REVIEW A DRAFT OF THE RETURN AND IF THEY AGREE THE RETURN IS CORRECT. THEY INFORM THE BOARD THE DRAFT RETURN IS READY FOR THEM TO REVIEW SHOULD THEY WISH, AND THEY INFORM THE RETURN PREPARER TO PROCESS THE RETURN FOR FILING.
IRS990ScheduleO/GeneralExplanation/Explanation3PER THE CORPORATE BY-LAWS NO DIRECTOR OR OFFICER MAY RECEIVE COMPENSATION FOR THEIR SERVICES.
IRS990ScheduleO/GeneralExplanation/Explanation4DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation5A PIECE OF PROPERTY OWNED BY HOLIDAY PARK LLC WAS VALUED AT 1,225,000. THIS PIECE OF PROPERTY WAS DESIRED BY AN ENTITY KNOWN AS TPA FOX LAKE LP, LLC. FOR DEVELOPEMENT AS LOW INCOME HOUSING. THE PROPOSED USE OF THE LAND WOULD RESULT IN FEES FROM THE VILLAGE OF FOX LAKE FOR DEVELOPMENT AND PERMITS OF $316,800. THE LAND WAS TO BE SOLD TO THE FOUNDATION AT A GREATLY REDUCED PRICE OF $518,279. SALE AT THIS AMOUNT TO THE FOUNDATION WOULD RESULT IN A DONATION REVENUE OF $706,722. THE ILLINOIS HOUSING DEVELOPMENT AUTHORITY APPROVED THE SALE OF THE LAND TO THE FOUNDATION IN ORDER TO CREATE A TAX CREDIT EQUAL TO 50% OF THE DECREASE IN SALE AMOUNT OVER APPRAISED VALUE AND THE FORGIVEN FEES BY THE VILLAGE. THIS TOTAL AMOUNT OF $1,023,522 (706,800 + 316,800) GENERATED A 50% TAX CREDIT OF $511,761. ON THE DATE OF SALE THE FOLLOWING ACTIONS TOOK PLACE: HOLIDAY PARK LLC SELLS THE LAND FOR $518,279 TO BURTON FOUNDATION, BURTON FOUNDATION TAKES TITLE TO THE LAND AND IMMEDIATELY SELLS THE LAND FOR THE SAME PRICE TO TPA FOX LAKE LP, LLC WHO ISSUES A CHECK TO THE FOUNDATION WHICH IT IMMEDIATELY USES TO PAY HOLIDAY PARK LLC. AT THE POINT OF SALE TWO DEEDS WERE RECORDED TO SHOW THIS TRANSACTION. ONE FROM HOLIDAY PARK LLC TO THE BURTON FOUNDATION AND ONE FROM THE BURTON FOUNDATION TO TPA FOX LAKE LP, LLC. THE FOUNDATION WAS REQUIRED TO TAKE TITLE WAS AS A CONDITION OF GENERATING THE TAX CREDIT AND WAS REQUIRED BY THE ILLINOIS HOUSING DEVELOPMENT AUTHORITY, AS THE LAND WAS TO BE USED TO DEVELOP LOW INCOME HOUSING. THE RESULTING $511,761 TAX CREDIT ISSUED TO THE FOUNDATION WAS LASTER SOLD TO KHOL'S INC. FOR $450,584. AN APPROXIMATE 10% FEE RESULTED DURING THE SALE IN THE AMOUNT OF $46,048 WHICH RESULTED IN A CASH AMOUNT OF $404,536. THE FULL AMOUNT WAS THEN USED AS A CAPITAL CONTRIBUTION BY THE FOUNDATION TO BUY A 1% INTEREST IN TPA FOX LAKE GP, LLC., PLEASE NOTE THAT THIS IS NOT TPA FOX LAKE LP, LLC THE PURCHASER OF THE LAND.
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IRS990ScheduleO/GeneralExplanation/Identifier3EXPLANATION OF NONCASH CONTRIBUTION INCOME
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ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode061021
ReturnHeader/Preparer/Name0PATRICK BUSHMAN
ReturnHeader/Preparer/Phone08152842285
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02010-01-01
ReturnHeader/TaxPeriodEndDate02010-12-31
ReturnHeader/TaxYear02010
ReturnHeader/Timestamp02011-11-15T07:58:08-06:00

Document Assets

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Filings

Displayed year

2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$961,579
Liabilities
$0
Net assets
$961,579
Revenue
-
Expenses
$45,766
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$1.43$13.5$0.91$0.80$0.10
2023Detailed filing. Detailed filing data is available for this year.$14.9$1.49$13.4$2.10$0.74$1.36
2022Detailed filing. Detailed filing data is available for this year.$13.5$1.44$12.1$2.03$1.10$0.93
2021Detailed filing. Detailed filing data is available for this year.$11.9$0.76$11.1$0.84$0.74$0.10
2020Detailed filing. Detailed filing data is available for this year.$11.0$0.01$11.0$1.62$1.25$0.37
2019Detailed filing. Detailed filing data is available for this year.$9.07$0.63$8.44$2.06$2.68$0.62
2018Detailed filing. Detailed filing data is available for this year.$9.00$0.93$8.07$0.66$0.55$0.11
2017Detailed filing. Detailed filing data is available for this year.$7.82$0.63$7.19$6.40$0.45$5.96
2013Detailed filing. Detailed filing data is available for this year.$1.98$0.62$1.35$12.4$12.4$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.77$1.36$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.43$0.00$2.43$0.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.00$0.96$0.05