Nonprofit · EIN 23-7225395
BURROUGHS WELLCOME FUND
Tax-exempt · RTP, NC 27709
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990-PF | $66,245,932 | $44,855,222 | $21,390,710 | $885,672,359 | $88,776,443 | $796,895,916 |
| August 31, 2024 | 990-PF | $70,516,184 | $45,516,168 | $25,000,016 | $848,033,791 | $97,036,158 | $750,997,633 |
| August 31, 2023 | 990-PF | $28,040,204 | $36,957,017 | -$8,916,813 | $792,326,837 | $103,283,828 | $689,043,009 |
Financial details: 990-PF for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $8,702,343
- Interest
- $20,503
- Net gain from sales of assets
- $55,672,040
- Other income
- $1,851,046
Expenses
- Grants and similar amounts paid
- $30,212,419
- Compensation of officers, directors and key employees
- $908,340
- Salaries, compensation and benefits (total)
- $2,812,547
- Disbursements for charitable purposes
- $47,026,736
- Excise tax on investment income
- $898,592
Balance sheet and other
- Total assets, start of year
- $848,033,791
- Total assets, end of year
- $885,672,359
- Total liabilities, end of year
- $88,776,443
- Net assets, end of year
- $796,895,916
- Fair market value of assets
- $885,672,359
- Qualifying distributions
- $47,082,697
- Net investment income
- $68,938,938
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LOUIS MUGLIA 21 TW ALEXANDER DR, DURHAM, NC 277132847 | PRESIDENT - DIRECTOR | 38 | $519,340 | $67,246 |
| SCOTT SCHOEDLER 21 TW ALEXANDER DR, DURHAM, NC 277132847 | V.P. FINANCE Highest-paid employee | 38 | $375,000 | $66,159 |
| KEN BROWNDORF 21 TW ALEXANDER DR, DURHAM, NC 277132847 | Vice President, Finance & CFO | 38 | $275,000 | $54,725 |
| VICTORIA MCGOVERN 21 TW ALEXANDER DR, DURHAM, NC 277132847 | SR. PROGRAM OFFICER Highest-paid employee | 38 | $189,127 | $44,643 |
| ALFRED MAYS 21 TW ALEXANDER DR, DURHAM, NC 277132847 | SR. PROGRAM OFFICER Highest-paid employee | 38 | $163,800 | $47,516 |
| TAMMY COLLINS 21 TW ALEXANDER DR, DURHAM, NC 277132847 | PROGRAM OFFICER Highest-paid employee | 38 | $162,162 | $33,666 |
| PAIGE COOPER 21 TW ALEXANDER DR, DURHAM, NC 277132847 | PROGRAM OFFICER Highest-paid employee | 38 | $141,960 | $40,813 |
| DR BRENDA ANDREWS 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD CHAIR | 1 | $15,000 | $0 |
| MR MICHAEL GIARLA 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER, INVESTMENT CHAIR | 1 | $12,000 | $0 |
| DR CHRISTINE SEIDMAN 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER/INVEST COMMITTEE | 1 | $11,500 | $0 |
| DR BRIAN DRUKER 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER | 1 | $10,000 | $0 |
| MS DEBORAH BLUM 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER | 1 | $10,000 | $0 |
| DR HARMIT MALIK 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER | 1 | $10,000 | $0 |
| DR KAFUI DZIRASA 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER | 1 | $10,000 | $0 |
| DR WENDELL LIM 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER | 1 | $10,000 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR CYNTHIA K LARIVE 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER-AS OF 10/31/24 | 1 | $10,000 |
| DR BLOSSOM DAMANIA 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER-AS OF 10/31/24 | 1 | $10,000 |
| DR GEOFFREY GERBER 21 TW ALEXANDER DR, DURHAM, NC 277132847 | INVESTMENT COMMITTEE | 1 | $1,500 |
| MS LAURETTA REEVES 21 TW ALEXANDER DR, DURHAM, NC 277132847 | INVESTMENT COMMITTEE | 1 | $1,500 |
| MR TIM HASARA 21 TW ALEXANDER DR, DURHAM, NC 277132847 | INVESTMENT COMMITTEE | 1 | $1,500 |
| MS MELISSA NIGRO 21 TW ALEXANDER DR, DURHAM, NC 277132847 | INVESTMENT COMMITTEE | 1 | $1,000 |
| DR JENNY TING 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER, CHAIR-THRU 10/24 | 1 | $0 |
| DR ROBERT LEFKOWITZ 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER-THRU 02/2025 | 1 | $0 |
| DR PAULA HAMMOND 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER-THRU 10/31/24 | 1 | $0 |
| MR JAMES HIRSCHMAN 21 TW ALEXANDER DR, DURHAM, NC 277132847 | INVEST COMMITTEE-THRU 10/31/24 | 1 | $0 |
990-PF for the year ended August 31, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LOUIS MUGLIA 21 TW ALEXANDER DR, DURHAM, NC 277132847 | PRESIDENT - DIRECTOR | 38 | $499,365 | $65,884 |
| SCOTT SCHOEDLER 21 TW ALEXANDER DR, DURHAM, NC 277132847 | V.P. FINANCE | 38 | $437,750 | $64,891 |
| KEN BROWNDORF 21 TW ALEXANDER DR, DURHAM, NC 277132847 | SR. ASSET & ACCT MGR Highest-paid employee | 38 | $194,449 | $44,725 |
| VICTORIA MCGOVERN 21 TW ALEXANDER DR, DURHAM, NC 277132847 | SR. PROGRAM OFFICER Highest-paid employee | 38 | $181,853 | $42,483 |
| ALFRED MAYS 21 TW ALEXANDER DR, DURHAM, NC 277132847 | SR. PROGRAM OFFICER Highest-paid employee | 38 | $157,450 | $44,704 |
| PAIGE COOPER 21 TW ALEXANDER DR, DURHAM, NC 277132847 | PROGRAM OFFICER Highest-paid employee | 38 | $136,500 | $35,817 |
| TAMMY COLLINS 21 TW ALEXANDER DR, DURHAM, NC 277132847 | PROGRAM OFFICER Highest-paid employee | 38 | $136,434 | $32,170 |
| DR JENNY TING 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER, BOARD CHAIR | 1 | $15,000 | $0 |
| MR MICHAEL GIARLA 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER, INVESTMENT CHAIR | 1 | $11,500 | $0 |
| DR CHRISTINE SEIDMAN 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER | 1 | $11,000 | $0 |
| DR BRENDA ANDREWS 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER | 1 | $10,000 | $0 |
| DR BRIAN DRUCKER 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER | 1 | $10,000 | $0 |
| MS DEBORAH BLUM 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER | 1 | $10,000 | $0 |
| DR HARMIT MALIK 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER | 1 | $10,000 | $0 |
| DR KAFUI DZIRASA 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER | 1 | $10,000 | $0 |
| DR PAULA HAMMOND 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER | 1 | $10,000 | $0 |
| DR ROBERT LEFKOWITZ 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER | 1 | $10,000 | $0 |
| DR WENDELL LIM 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER/INVEST COMMITTEE | 1 | $10,000 | $0 |
| MS LAURETTA REEVES 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER/INVEST COMMITTEE | 1 | $2,000 | $0 |
| DR GEOFFREY GERBER 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER/INVEST COMMITTEE | 1 | $1,500 | $0 |
| MR TIM HASARA 21 TW ALEXANDER DR, DURHAM, NC 277132847 | INVESTMENT COMMITEE | 1 | $1,500 | $0 |
| MS MELISSA NIGRO 21 TW ALEXANDER DR, DURHAM, NC 277132847 | INVESTMENT COMMITTEE | 1 | $1,000 | $0 |
| DR TERRENCE DERMODY 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER&LIASON INVST COMM | 1 | $500 | $0 |
| DR KELSEY MARTIN 21 TW ALEXANDER DR, DURHAM, NC 277132847 | BOARD MEMBER | 1 | $0 | $0 |
| MR JAMES HIRSCHMAN 21 TW ALEXANDER DR, DURHAM, NC 277132847 | INVESTMENT COMMITTEE | 1 | $0 | $0 |
990-PF for the year ended August 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LOUIS MUGLIA 21 TW ALEXANDER DR PO BOX 13901, RESEARCH TRIANGLE PARK, NC 277093901 | PRESIDENT - DIRECTOR | 38 | $475,586 | $65,602 |
| SCOTT SCHOEDLER 21 TW ALEXANDER DR PO BOX 13901, RESEARCH TRIANGLE PARK, NC 277093901 | V.P. FINANCE | 38 | $416,904 | $64,387 |
| KEN BROWNDORF 21 TW ALEXANDER DR, RESEARCH TRIANGLE PARK, NC 277093901 | SR. ASSET & ACCT MGR Highest-paid employee | 38 | $185,190 | $46,787 |
| VICTORIA MCGOVERN 21 TW ALEXANDER DR, RESEARCH TRIANGLE PARK, NC 277093901 | SR. PROGRAM OFFICER Highest-paid employee | 38 | $171,560 | $40,640 |
| ALFRED MAYS 21 TW ALEXANDER DR, RESEARCH TRIANGLE PARK, NC 277093901 | SR. PROGRAM OFFICER Highest-paid employee | 38 | $150,000 | $38,784 |
| TAMMY COLLINS 21 TW ALEXANDER DR, RESEARCH TRIANGLE PARK, NC 277093901 | PROGRAM OFFICER Highest-paid employee | 38 | $146,125 | $28,475 |
| PAIGE COOPER 21 TW ALEXANDER DR, RESEARCH TRIANGLE PARK, NC 277093901 | PROGRAM OFFICER Highest-paid employee | 38 | $130,000 | $34,654 |
| CHRISTINE SEIDMAN 21 TW ALEXANDER DR PO BOX 13901, RESEARCH TRIANGLE PARK, NC 277093901 | BOARD MEMBER | 1 | $16,000 | $0 |
| LAURETTA REEVES 21 TW ALEXANDER DR PO BOX 13901, RESEARCH TRIANGLE PARK, NC 277093901 | BOARD MEMBER/INVEST COMMITTEE | 1 | $12,000 | $0 |
| TERRENCE DERMODY 21 TW ALEXANDER DR PO BOX 13901, RESEARCH TRIANGLE PARK, NC 277093901 | BOARD MEMBER/INVEST COMMITTEE | 1 | $11,500 | $0 |
| KELSEY MARTIN 21 TW ALEXANDER DR PO BOX 13901, RESEARCH TRIANGLE PARK, NC 277093901 | BOARD MEMBER | 1 | $10,500 | $0 |
| BRENDA ANDREWS 21 TW ALEXANDER DR PO BOX 13901, RESEARCH TRIANGLE PARK, NC 277093901 | BOARD MEMBER | 1 | $10,000 | $0 |
| BRIAN DRUKER 21 TW ALEXANDER DR PO BOX 13901, RESEARCH TRIANGLE PARK, NC 277093901 | BOARD MEMBER | 1 | $10,000 | $0 |
| PAULA HAMMOND 21 TW ALEXANDER DR PO BOX 13901, RESEARCH TRIANGLE PARK, NC 277093901 | BOARD MEMBER | 1 | $10,000 | $0 |
| ROBERT LEFKOWITZ 21 TW ALEXANDER DR PO BOX 13901, RESEARCH TRIANGLE PARK, NC 277093901 | BOARD MEMBER | 1 | $10,000 | $0 |
| WENDELL LIM 21 TW ALEXANDER DR PO BOX 13901, RESEARCH TRIANGLE PARK, NC 277093901 | BOARD MEMBER | 1 | $10,000 | $0 |
| JENNY TING 21 TW ALEXANDER DR PO BOX 13901, RESEARCH TRIANGLE PARK, NC 277093901 | BOARD MEMBER | 1 | $10,000 | $0 |
| DEBORAH BLUM 21 TW ALEXANDER DR PO BOX 13901, RESEARCH TRIANGLE PARK, NC 277093901 | BOARD MEMBER | 1 | $10,000 | $0 |
| GEOFFREY GERBER 21 TW ALEXANDER DR PO BOX 13901, RESEARCH TRIANGLE PARK, NC 277093901 | INVESTMENT COMMITTEE | 1 | $1,500 | $0 |
| MICHAEL GIARLA 21 TW ALEXANDER DR PO BOX 13901, RESEARCH TRIANGLE PARK, NC 277093901 | INVESTMENT COMMITTEE | 1 | $1,500 | $0 |
| TIM HASARA 21 TW ALEXANDER DR PO BOX 13901, RESEARCH TRIANGLE PARK, NC 277093901 | INVESTMENT COMMITTEE | 1 | $1,500 | $0 |
| MELISSA NIGRO 21 TW ALEXANDER DR PO BOX 13901, RESEARCH TRIANGLE PARK, NC 277093901 | INVESTMENT COMMITTEE | 1 | $1,500 | $0 |
| JAMES HIRSCHMANN 21 TW ALEXANDER DR PO BOX 13901, RESEARCH TRIANGLE PARK, NC 277093901 | INVESTMENT COMMITTEE | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 21TW ALEXANDER DRIVE, RTP, NC 27709-0000
- In care of
- % BURROUGHS WELLCOME FUND
- Signed the 990-PF
- KEN BROWNDORF, V.P. FINANCE
- Phone
- (919) 991-5100
- Website
- WWW.BWFUND.ORG
- Return prepared by
- PwC US Tax LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990-PF on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-PF on file |
IRS record
- EIN
- 23-7225395
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1972
- Accounting year ends
- August
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $885,672,359
- Income (IRS master file)
- $586,377,892
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | August 2025 | $66,245,932 | $44,855,222 | $885,672,359 | XML |
| 990-T | August 2025 | – | – | – | IRS |
| 990-PF | August 2024 | $70,516,184 | $45,516,168 | $848,033,791 | XML |
| 990-T | August 2024 | – | – | – | IRS |
| 990-PF | August 2023 | $28,040,204 | $36,957,017 | $792,326,837 | XML |
| 990-T | August 2023 | – | – | – | IRS |
| 990-PF | August 2022 | – | – | – | IRS |
| 990-T | August 2022 | – | – | – | IRS |
| 990-PF | August 2021 | – | – | – | IRS |
| 990-T | August 2021 | – | – | – | IRS |
| 990-PF | August 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7225395).
Questions about BURROUGHS WELLCOME FUND
- What is the EIN of BURROUGHS WELLCOME FUND?
- The employer identification number (EIN) of BURROUGHS WELLCOME FUND is 23-7225395.
- Is BURROUGHS WELLCOME FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to BURROUGHS WELLCOME FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BURROUGHS WELLCOME FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BURROUGHS WELLCOME FUND due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BURROUGHS WELLCOME FUND last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended August 2025.
- Who are the officers and directors of BURROUGHS WELLCOME FUND?
- The 990-PF for the year ended August 31, 2025 lists 25 people; 21 received compensation from the organization, the highest $519,340 (LOUIS MUGLIA, PRESIDENT - DIRECTOR).
- How much revenue does BURROUGHS WELLCOME FUND have?
- On its 990-PF for the year ended August 31, 2025 it reported revenue of $66,245,932, expenses of $44,855,222 and total assets of $885,672,359 at year end.
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All nonprofits in RTP · North Carolina · Philanthropy, voluntarism and grantmaking foundations