Civic Intelligence

Burrell Foundation

990 • Fiscal year 2020 • EIN 84-3059846

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 22, 2021

1385 E Alexander Love HighwayYork, SC 29745

(803) 684-4248

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

95th percentile

78%

Higher net margin than 95% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Assets

$16,879

No earlier filing loaded for comparison.

Net Assets

$16,879

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$21,617

No earlier filing loaded for comparison.

Expenses

$4,738

No earlier filing loaded for comparison.

Net Income

$16,879

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2020: $16,879Liabilities 2020: $0Net Assets 2020: $16,8792020Assets 2021: $19,050Liabilities 2021: $0Net Assets 2021: $19,0502021Assets 2022: $111,699Liabilities 2022: $0Net Assets 2022: $111,6992022Assets 2023: $157,462Liabilities 2023: $0Net Assets 2023: $157,4622023Assets 2024: $169,074Net Assets 2024: $169,0742024

Highlighted filing

2020

Assets$16,879
Liabilities$0
Net Assets$16,879

Operations Trend

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

$200K$150K$100K$50K$0Revenue 2020: $21,617Expenses 2020: $4,738Net Income 2020: $16,8792020Revenue 2021: $11,559Expenses 2021: $9,388Net Income 2021: $2,1712021Revenue 2022: $161,929Expenses 2022: $69,281Net Income 2022: $92,6482022Revenue 2023: $175,554Expenses 2023: $129,790Net Income 2023: $45,7642023Revenue 2024: $177,633Expenses 2024: $166,021Net Income 2024: $11,6122024

Highlighted filing

2020

Revenue$21,617
Expenses$4,738
Net Income$16,879
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 22, 2021
Return Version
2020v4.0
Gross Receipts
$21,617
Mission and Program Overview

Mission

The burrell foundation (tbf) works to create a better quality of life for community members living in york electric cooperatives service territories: york, chester, cherokee and lancaster counties. Started in the memory of mr. Dick burrell, a former trustee for york electric cooperative, the goals of the foundation are to honor his legacy of fostering hope, generosity and blessings to all of those around him. As a non-profit built under the umbrella of the 501 c12 organization, york electric cooperative, a not for profit electric utility part of the national rural electric cooperative association (nreca), tbf is designed to help further the mission of the cooperative and one of the seven cooperative principles, concern for community. York electric cooperative serves over 63,000 members and started tbf to raise money and help those in need in our area.

He burrell foundation works to create a better quality of life for community members living in york electric cooperatives service territories: york, chester, cherokee and lancaster counties. Started in the memory of mr. Dick burrell, a former trustee for york electric cooperative, the goals of the foundation are to honor his legacy of fostering hope, generosity and blessings to all of those around him.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$16,879-
Total Assets$0$16,879▲ $16,879
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$16,879-
Total Net Assets Fund Balance$0$16,879▲ $16,879
Total Liabilities and Net Assets / Fund Balance$0$16,879▲ $16,879
Compensation and Service Providers

Board Members and Trustees

NameTitle
E Paul BashaChairman
Carolyn BoydVice Chairma
John ElliottTrustee
Kim BlackTrustee
Natasha RamseySecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$21,617
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$21,617
Change in Net Assets
$16,879
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,700
Other Expenses$2,038
Total Fundraising Expense$695
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,500--$2,500
Fees for Services Accounting$1,300--$1,300
Fees for Services Other--$695$695
Grants to Domestic Individuals$200--$200
Interest$43--$43
Total Functional Expenses$4,043$0$695$4,738
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
Backup withholding compliance
No
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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the board with all supporting documentation made available to them prior to filing.

Form 990, Page 6, Part VI, Line 19

The foundation makes its bylaws and financial statements available to the public as part of its form 990 filing. The form 990 is available upon request as reflected in part vi section c line 18.

Form 990, Part VII

The inaugural meeting of tbf was held on friday, august 23, 2019 to officially name the board of directors, elect officers, name an executive director and adopt bylaws for incorporation in the state of south carolina. Together with the employees of york electric cooperative, the board of directors and executive director will work to raise money from our community and surrounding areas so that we are able to provide charitable contributions to those who need it most within york electrics service territory. Help could come in the form of a bike for a child or helping hands and materials to repair a leaking roof. The most important goal with each donation is to remain true to what is best for the people and families in our communities. As described in the bylaws of the burrell foundation on page 3, section 3.1, at least one member of the burrell foundations board of directors will be a member of york electric cooperatives board of trustees, at least three members of the burrell foundations board of directors will be employees of york electric cooperative, and one member of the burrell foundations board of directors will be an at large member, not affiliated with york electric. Because the majority of the burrell foundations board of directors are from york electric cooperative and because the burrell foundation was founded under the umbrella of the cooperative to better serve the needs of our surrounding communities, members of the burrell foundations board of directors have previous business relationships.

Form 990, Part VIII

Community members will be allowed to contribute to the burrell foundation through our website. We will also use the website to publicize the burrell foundations mission and ways we have helped our community. We will host charitable events including silent auctions, golf tournaments, and galas to raise money for the foundation.

Filing and Contact Details

Filer

Filer Name
The Burrell Foundation
EIN
84-3059846
Phone
8036844248
Address
1385 E ALEXANDER LOVE HIGHWAY, YORK, SC 29745

Signing Officer

Name
E Paul Basha
Title
Chairman
Phone
8036844248
Signed
2021-07-22

Organization Details

Principal Officer
E Paul Basha
Formed
2019
Legal Domicile
Sc
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Mcnair Mclemore Middlebrooks & Co LLC
Address
POST OFFICE BOX ONE, MACON, GA 31202-0001
Preparer
H Terrell Mcmichael Jr
Phone
4787466277
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The burrell foundation (tbf) works to create a better quality of life for community members living in york electric cooperatives service territories: york, chester, cherokee and lancaster counties. Started in the memory of mr. Dick burrell, a former trustee for york electric cooperative, the goals of the foundation are to honor his legacy of fostering hope, generosity and blessings to all of those around him. As a non-profit built under the umbrella of the 501 c12 organization, york electric cooperative, a not for profit electric utility part of the national rural electric cooperative association (nreca), tbf is designed to help further the mission of the cooperative and one of the seven cooperative principles, concern for community. York electric cooperative serves over 63,000 members and started tbf to raise money and help those in need in our area.

Form 990

The burrell foundation is a private foundation as named on page 2, section 1.2 of the burrell foundations bylaws, pursuant to sections 12-6-540 and 12-6-550, code of laws of south carolina, 1976, as amended; and (ii)incorporated under the south carolina nonprofit corporation act of 1994, as amended (the nonprofit act). The burrell foundations private foundation status is also supported under article ii, page 2, sections 2.1 -2.2 of the burrell foundations bylaws.

Form 990, Page 2, Part III, Line 4A

As part of the 501 c 12 organization york electric cooperative, the burrell foundation was designed to provide donations, goods, and services to help improve the quality of life for those in need in our community. Together with the employees of york electric cooperative, the burrell foundations board of directors, executive director and other members of the community will work to identify needs for those less fortunate in our service territory. Should another organizations goal fit the mission of the burrell foundation, the burrell foundations board of directors and executive director could vote to partner with the organization for a specific cause, donate funds to help support the cause of another organization, or provide goods or services to help another organizations mission.

Form 990, Part IX, Line 11G

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IRS990/MissionDesc0THE BURRELL FOUNDATION (TBF) WORKS TO CREATE A BETTER QUALITY OF LIFE FOR COMMUNITY MEMBERS LIVING IN YORK ELECTRIC COOPERATIVES SERVICE TERRITORIES: YORK, CHESTER, CHEROKEE AND LANCASTER COUNTIES. STARTED IN THE MEMORY OF MR. DICK BURRELL, A FORMER TRUSTEE FOR YORK ELECTRIC COOPERATIVE, THE GOALS OF THE FOUNDATION ARE TO HONOR HIS LEGACY OF FOSTERING HOPE, GENEROSITY AND BLESSINGS TO ALL OF THOSE AROUND HIM. AS A NON-PROFIT BUILT UNDER THE UMBRELLA OF THE 501 C12 ORGANIZATION, YORK ELECTRIC COOPERATIVE, A NOT FOR PROFIT ELECTRIC UTILITY PART OF THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION (NRECA), TBF IS DESIGNED TO HELP FURTHER THE MISSION OF THE COOPERATIVE AND ONE OF THE SEVEN COOPERATIVE PRINCIPLES, CONCERN FOR COMMUNITY. YORK ELECTRIC COOPERATIVE SERVES OVER 63,000 MEMBERS AND STARTED TBF TO RAISE MONEY AND HELP THOSE IN NEED IN OUR AREA.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BURRELL FOUNDATION (TBF) WORKS TO CREATE A BETTER QUALITY OF LIFE FOR COMMUNITY MEMBERS LIVING IN YORK ELECTRIC COOPERATIVES SERVICE TERRITORIES: YORK, CHESTER, CHEROKEE AND LANCASTER COUNTIES. STARTED IN THE MEMORY OF MR. DICK BURRELL, A FORMER TRUSTEE FOR YORK ELECTRIC COOPERATIVE, THE GOALS OF THE FOUNDATION ARE TO HONOR HIS LEGACY OF FOSTERING HOPE, GENEROSITY AND BLESSINGS TO ALL OF THOSE AROUND HIM. AS A NON-PROFIT BUILT UNDER THE UMBRELLA OF THE 501 C12 ORGANIZATION, YORK ELECTRIC COOPERATIVE, A NOT FOR PROFIT ELECTRIC UTILITY PART OF THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION (NRECA), TBF IS DESIGNED TO HELP FURTHER THE MISSION OF THE COOPERATIVE AND ONE OF THE SEVEN COOPERATIVE PRINCIPLES, CONCERN FOR COMMUNITY. YORK ELECTRIC COOPERATIVE SERVES OVER 63,000 MEMBERS AND STARTED TBF TO RAISE MONEY AND HELP THOSE IN NEED IN OUR AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BURRELL FOUNDATION IS A PRIVATE FOUNDATION AS NAMED ON PAGE 2, SECTION 1.2 OF THE BURRELL FOUNDATIONS BYLAWS, PURSUANT TO SECTIONS 12-6-540 AND 12-6-550, CODE OF LAWS OF SOUTH CAROLINA, 1976, AS AMENDED; AND (II)INCORPORATED UNDER THE SOUTH CAROLINA NONPROFIT CORPORATION ACT OF 1994, AS AMENDED (THE NONPROFIT ACT). THE BURRELL FOUNDATIONS PRIVATE FOUNDATION STATUS IS ALSO SUPPORTED UNDER ARTICLE II, PAGE 2, SECTIONS 2.1 -2.2 OF THE BURRELL FOUNDATIONS BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AS PART OF THE 501 C 12 ORGANIZATION YORK ELECTRIC COOPERATIVE, THE BURRELL FOUNDATION WAS DESIGNED TO PROVIDE DONATIONS, GOODS, AND SERVICES TO HELP IMPROVE THE QUALITY OF LIFE FOR THOSE IN NEED IN OUR COMMUNITY. TOGETHER WITH THE EMPLOYEES OF YORK ELECTRIC COOPERATIVE, THE BURRELL FOUNDATIONS BOARD OF DIRECTORS, EXECUTIVE DIRECTOR AND OTHER MEMBERS OF THE COMMUNITY WILL WORK TO IDENTIFY NEEDS FOR THOSE LESS FORTUNATE IN OUR SERVICE TERRITORY. SHOULD ANOTHER ORGANIZATIONS GOAL FIT THE MISSION OF THE BURRELL FOUNDATION, THE BURRELL FOUNDATIONS BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR COULD VOTE TO PARTNER WITH THE ORGANIZATION FOR A SPECIFIC CAUSE, DONATE FUNDS TO HELP SUPPORT THE CAUSE OF ANOTHER ORGANIZATION, OR PROVIDE GOODS OR SERVICES TO HELP ANOTHER ORGANIZATIONS MISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED BY THE BOARD WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION MAKES ITS BYLAWS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990 FILING. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE INAUGURAL MEETING OF TBF WAS HELD ON FRIDAY, AUGUST 23, 2019 TO OFFICIALLY NAME THE BOARD OF DIRECTORS, ELECT OFFICERS, NAME AN EXECUTIVE DIRECTOR AND ADOPT BYLAWS FOR INCORPORATION IN THE STATE OF SOUTH CAROLINA. TOGETHER WITH THE EMPLOYEES OF YORK ELECTRIC COOPERATIVE, THE BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR WILL WORK TO RAISE MONEY FROM OUR COMMUNITY AND SURROUNDING AREAS SO THAT WE ARE ABLE TO PROVIDE CHARITABLE CONTRIBUTIONS TO THOSE WHO NEED IT MOST WITHIN YORK ELECTRICS SERVICE TERRITORY. HELP COULD COME IN THE FORM OF A BIKE FOR A CHILD OR HELPING HANDS AND MATERIALS TO REPAIR A LEAKING ROOF. THE MOST IMPORTANT GOAL WITH EACH DONATION IS TO REMAIN TRUE TO WHAT IS BEST FOR THE PEOPLE AND FAMILIES IN OUR COMMUNITIES. AS DESCRIBED IN THE BYLAWS OF THE BURRELL FOUNDATION ON PAGE 3, SECTION 3.1, AT LEAST ONE MEMBER OF THE BURRELL FOUNDATIONS BOARD OF DIRECTORS WILL BE A MEMBER OF YORK ELECTRIC COOPERATIVES BOARD OF TRUSTEES, AT LEAST THREE MEMBERS OF THE BURRELL FOUNDATIONS BOARD OF DIRECTORS WILL BE EMPLOYEES OF YORK ELECTRIC COOPERATIVE, AND ONE MEMBER OF THE BURRELL FOUNDATIONS BOARD OF DIRECTORS WILL BE AN AT LARGE MEMBER, NOT AFFILIATED WITH YORK ELECTRIC. BECAUSE THE MAJORITY OF THE BURRELL FOUNDATIONS BOARD OF DIRECTORS ARE FROM YORK ELECTRIC COOPERATIVE AND BECAUSE THE BURRELL FOUNDATION WAS FOUNDED UNDER THE UMBRELLA OF THE COOPERATIVE TO BETTER SERVE THE NEEDS OF OUR SURROUNDING COMMUNITIES, MEMBERS OF THE BURRELL FOUNDATIONS BOARD OF DIRECTORS HAVE PREVIOUS BUSINESS RELATIONSHIPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMMUNITY MEMBERS WILL BE ALLOWED TO CONTRIBUTE TO THE BURRELL FOUNDATION THROUGH OUR WEBSITE. WE WILL ALSO USE THE WEBSITE TO PUBLICIZE THE BURRELL FOUNDATIONS MISSION AND WAYS WE HAVE HELPED OUR COMMUNITY. WE WILL HOST CHARITABLE EVENTS INCLUDING SILENT AUCTIONS, GOLF TOURNAMENTS, AND GALAS TO RAISE MONEY FOR THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GUN RAFFLE 0 0 695
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VIII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0E PAUL BASHA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-22
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0POST OFFICE BOX ONE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MACON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0312020001
ReturnHeader/PreparerPersonGrp/PhoneNum04787466277
ReturnHeader/PreparerPersonGrp/PreparationDt02021-07-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0H TERRELL MCMICHAEL JR
ReturnHeader/ReturnTs02021-07-22T13:31:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0E PAUL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BASHA
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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