Burlington Capital Foundation
Burlington Capital Foundation faces significant financial challenges with expenses consistently exceeding revenue, leading to declining assets.
EIN: 10658759 · Omaha, NE · NTEE: T21 · Updated: 2026-03-28
Is Burlington Capital Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Burlington Capital Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Burlington Capital Foundation
Burlington Capital Foundation (EIN: 10658759) is a nonprofit organization based in Omaha, NE, classified under NTEE code T21. The organization reported total revenue of $175K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Burlington Capital Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Burlington Capital Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Burlington Capital Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating a strong commitment to minimizing administrative overhead in this area and a high degree of transparency regarding leadership remuneration.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Burlington Capital Foundation's IRS 990 filings:
- Consistent and significant operational deficits (expenses far exceeding revenue) in recent years, e.g., 2023 revenue of $83,099 vs. expenses of $776,961.
- Steady decline in total assets from $2,986,776 in 2019 to $1,288,691 in 2023, indicating unsustainable spending.
- High liabilities in 2023 ($531,395) compared to previous years, suggesting potential financial strain.
Strengths
The following positive indicators were identified for Burlington Capital Foundation:
- Zero officer compensation reported across all filings, indicating a commitment to minimizing executive overhead.
- Historically maintained a substantial asset base, though it is currently declining.
Frequently Asked Questions about Burlington Capital Foundation
Is Burlington Capital Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Burlington Capital Foundation (EIN: 10658759) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Burlington Capital Foundation spend its money?
Burlington Capital Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Burlington Capital Foundation tax-deductible?
Burlington Capital Foundation is registered as a tax-exempt nonprofit (EIN: 10658759). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Burlington Capital Foundation a good charity?
While the foundation reports no officer compensation, a positive for efficiency, its financial sustainability is a major concern due to expenses consistently exceeding revenue, leading to a significant decline in assets. This raises questions about its long-term ability to fulfill its mission.
How does Burlington Capital Foundation fund its operations?
Based on the provided data, the foundation appears to be funding its operations primarily by drawing down its existing assets, as its annual expenses have far outpaced its revenue in most recent years. For example, in 2023, revenue was $83,099 while expenses were $776,961.
What caused the significant drop in assets from 2019 to 2023?
The significant drop in assets from $2,986,776 in 2019 to $1,288,691 in 2023 is primarily due to the foundation consistently spending more than it earns. For instance, in 2023, expenses were nearly ten times the revenue.
Filing History
IRS 990 filing history for Burlington Capital Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Burlington Capital Foundation's revenue has declined by 29.8%, moving from $118K to $83K. Total assets increased by 4.3% over the same period, from $1.2M to $1.3M. Total functional expenses rose by 137.4%, from $327K to $777K. In its most recent filing year (2023), Burlington Capital Foundation reported a deficit of $694K, with expenses exceeding revenue. The organization holds $531K in liabilities against $1.3M in assets (debt-to-asset ratio: 41.2%), resulting in net assets of $757K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $83K | $777K | $1.3M | $531K | — | — |
| 2022 | $7K | $436K | $1.7M | $1 | — | View 990 |
| 2021 | $5K | $440K | $2.1M | $1 | — | View 990 |
| 2020 | $2K | $439K | $2.5M | $1 | — | View 990 |
| 2019 | $2.9M | $621K | $3.0M | $1 | — | View 990 |
| 2015 | $424K | $427K | $428K | $0 | — | View 990 |
| 2014 | $356K | $679K | $428K | $0 | — | View 990 |
| 2013 | $275K | $508K | $747K | $0 | — | View 990 |
| 2012 | $139K | $429K | $977K | $0 | — | View 990 |
| 2011 | $118K | $327K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $83K, expenses of $777K, and assets of $1.3M (revenue +1074.4% year-over-year).
- 2022: Revenue of $7K, expenses of $436K, and assets of $1.7M (revenue +53.8% year-over-year).
- 2021: Revenue of $5K, expenses of $440K, and assets of $2.1M (revenue +128.8% year-over-year).
- 2020: Revenue of $2K, expenses of $439K, and assets of $2.5M (revenue -99.9% year-over-year).
- 2019: Revenue of $2.9M, expenses of $621K, and assets of $3.0M (revenue +585.2% year-over-year).
- 2015: Revenue of $424K, expenses of $427K, and assets of $428K (revenue +18.9% year-over-year).
- 2014: Revenue of $356K, expenses of $679K, and assets of $428K (revenue +29.4% year-over-year).
- 2013: Revenue of $275K, expenses of $508K, and assets of $747K (revenue +98.0% year-over-year).
- 2012: Revenue of $139K, expenses of $429K, and assets of $977K (revenue +17.6% year-over-year).
- 2011: Revenue of $118K, expenses of $327K, and assets of $1.2M.
Data Sources and Methodology
This transparency report for Burlington Capital Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.