Nonprofit · EIN 26-4023365
BURROUGHS FOUNDATION
Tax-exempt (reinstated) · MEMPHIS, TN 38118
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $311,817 | $366,508 | -$54,691 | $5,084,956 | $19,466 | $5,065,490 |
| December 31, 2023 | 990 | $1,393,964 | $272,547 | $1,121,417 | $4,715,018 | $1,806 | $4,713,212 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $311,816
- Program service revenue
- $0
- Investment income
- $1
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $13,967
- Compensation of officers, directors and key employees
- $59,213
- Salaries, compensation and benefits (total)
- $64,269
- Professional fundraising fees
- $0
- Occupancy
- $6,955
- Program services (functional)
- $358,907
- Management and general (functional)
- $7,601
Balance sheet and other
- Total assets, start of year
- $4,715,018
- Total assets, end of year
- $5,084,956
- Total liabilities, end of year
- $19,466
- Net assets, end of year
- $5,065,490
- Net assets without donor restrictions
- $5,065,490
- Gross receipts
- $311,817
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- TN
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tyrone A Burroughs 3 Officer | President Officer | – | $0 |
| Demar Roberts 3 Officer | Officer Officer | – | $0 |
| Crystal Epps 3 Officer | Accountant Officer | – | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tyrone A Burroughs 3 Officer | President Officer | – | $0 |
| Demar Roberts 3 Officer | Officer Officer | – | $0 |
| Crystal Epps 3 Officer | Accountant Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 3380 PEARSON RD, MEMPHIS, TN 38118-1631
- In care of
- % TYRONE A BURROUGHS
- Principal officer (990 for 2024)
- Tyrone A Burroughs, 2784 Calkins Creek CV, Germantown, TN 38139
- Signed the 990
- Tyrone A Burroughs, Officer
- Phone
- (901) 360-8967
- Return prepared by
- BANKS FINLEY WHITE & CO
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.
Program accomplishments
- Donatations to Benedict College 1600 Harden St Columbia SC 29204 TIN 57-0314365 for Scholarship for students.Expenses $358,907
- Donation to Metro Baptist for community enhancement0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-4023365
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S12)
- Assets (IRS master file)
- $5,084,956
- Income (IRS master file)
- $311,817
Revocation and reinstatement
- Exemption revoked
- May 15, 2012
- Posted by the IRS
- March 11, 2013
- Reinstated
- Effective May 15, 2012
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $311,817 | $366,508 | $5,084,956 | XML |
| 990 | December 2023 | $1,393,964 | $272,547 | $4,715,018 | XML |
| 990 | December 2022 | $516,938 | $396,039 | $3,338,520 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 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 26-4023365).
Questions about BURROUGHS FOUNDATION
- What is the EIN of BURROUGHS FOUNDATION?
- The employer identification number (EIN) of BURROUGHS FOUNDATION is 26-4023365.
- Is BURROUGHS FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2012 and reinstated it effective May 15, 2012.
- Are donations to BURROUGHS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BURROUGHS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BURROUGHS FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BURROUGHS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BURROUGHS FOUNDATION?
- The 990 for the year ended December 31, 2024 names Tyrone A Burroughs.
- Who are the officers and directors of BURROUGHS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does BURROUGHS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $311,817, expenses of $366,508 and total assets of $5,084,956 at year end.
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All nonprofits in MEMPHIS · Tennessee · Community improvement and capacity building