Burnett Timken Memorial Fund 1223249
Burnett Timken Memorial Fund maintains substantial assets while experiencing fluctuating revenues and occasional expense overruns.
EIN: 136132832 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $487K |
| Program Spending | 90% |
| Net Assets | $6.9M |
| Transparency Score | 85/100 |
Is Burnett Timken Memorial Fund 1223249 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Burnett Timken Memorial Fund 1223249 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Burnett Timken Memorial Fund 1223249
Burnett Timken Memorial Fund 1223249 (EIN: 136132832) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $2.2M and total assets of $6.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Burnett Timken Memorial Fund 1223249's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Burnett Timken Memorial Fund 1223249 is a mid-size nonprofit that has been operating for 56 years, with 8 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $429K |
| Total Expenses | $487K |
| Surplus / Deficit | $-57,896 |
| Total Assets | $6.9M |
| Total Liabilities | $1 |
| Net Assets | $6.9M |
| Operating Margin | -13.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 169.1 months |
Financial Health Grade: B
In 2023, Burnett Timken Memorial Fund 1223249 reported a deficit of $58K with expenses exceeding revenue, holds 169.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2013–2023), Burnett Timken Memorial Fund 1223249's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +60.5% | -6.3% | -0.8% |
| 2022 | -66.7% | +9.6% | -3.5% |
| 2021 | +42.5% | +4.1% | +4.8% |
| 2020 | -0.1% | +1.3% | +1.6% |
| 2019 | +287.1% | +31.0% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1970 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Burnett Timken Memorial Fund 1223249 with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Burnett Timken Memorial Fund 1223249 allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $58K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a highly volunteer-driven leadership or that compensation is covered by other means not reported as officer compensation, which is a positive sign for minimizing administrative overhead.
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 Burnett Timken Memorial Fund 1223249's IRS 990 filings:
- Expenses frequently exceed revenue, as seen in 2023 ($486,574 expenses vs. $428,678 revenue) and 2022 ($519,391 expenses vs. $267,101 revenue), indicating potential reliance on asset drawdowns.
- Lack of NTEE code in the provided data makes it difficult to understand the organization's specific mission area.
- Significant fluctuations in annual revenue, from $145,553 in 2015 to $801,738 in 2021, could indicate an unstable funding model.
Strengths
The following positive indicators were identified for Burnett Timken Memorial Fund 1223249:
- Consistently reports 0% officer compensation, indicating highly efficient administrative spending.
- Maintains substantial assets, consistently over $6 million, providing financial stability.
- Consistently low liabilities ($0 or $1) across all filings, demonstrating strong financial health.
- Long history of IRS 990 filings (8 filings), indicating transparency and compliance.
Frequently Asked Questions about Burnett Timken Memorial Fund 1223249
Is Burnett Timken Memorial Fund 1223249 a legitimate charity?
Burnett Timken Memorial Fund 1223249 (EIN: 136132832) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 85/100. It has 8 years of IRS 990 filings on record. Total revenue: $2.2M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Burnett Timken Memorial Fund 1223249 spend its money?
Burnett Timken Memorial Fund 1223249 directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Burnett Timken Memorial Fund 1223249 tax-deductible?
Burnett Timken Memorial Fund 1223249 is registered as a tax-exempt nonprofit (EIN: 136132832). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Burnett Timken Memorial Fund 1223249 located?
Burnett Timken Memorial Fund 1223249 is headquartered in Chicago, Illinois and files with the IRS under EIN 136132832.
How many years of IRS 990 filings does Burnett Timken Memorial Fund 1223249 have?
Burnett Timken Memorial Fund 1223249 has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.2M in total revenue.
How does the Burnett Timken Memorial Fund sustain its operations when expenses exceed revenue, as seen in 2023 and 2022?
The organization likely draws from its substantial asset base, which has consistently been over $6 million, to cover operational deficits during periods when expenses exceed revenue.
What is the primary source of the organization's revenue, given its significant fluctuations?
Without more detailed information, it's difficult to pinpoint the exact primary source, but the fluctuations suggest a reliance on investment income, grants, or varying donation cycles rather than consistent program service fees.
What specific programs or activities does the Burnett Timken Memorial Fund support?
The provided data does not specify the organization's NTEE code or program details, making it impossible to determine its specific programmatic focus from this information alone.
How does the organization manage to operate with 0% officer compensation?
This suggests that the organization's leadership is either entirely volunteer-based or that any compensation for officers is structured in a way that is not reported as 'Officer Comp' on the 990, which is uncommon but possible.
Filing History
IRS 990 filing history for Burnett Timken Memorial Fund 1223249 showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2013–2023), Burnett Timken Memorial Fund 1223249's revenue has declined by 12.8%, moving from $492K to $429K. Total assets decreased by 4.1% over the same period, from $7.1M to $6.9M. Total functional expenses rose by 149.4%, from $195K to $487K. In its most recent filing year (2023), Burnett Timken Memorial Fund 1223249 reported a deficit of $58K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $429K | $487K | $6.9M | $1 | — | View 990 |
| 2022 | $267K | $519K | $6.9M | $1 | — | View 990 |
| 2021 | $802K | $474K | $7.2M | $1 | — | — |
| 2020 | $563K | $455K | $6.8M | $1 | — | View 990 |
| 2019 | $563K | $450K | $6.7M | $0 | — | View 990 |
| 2015 | $146K | $343K | $6.9M | $0 | — | View 990 |
| 2014 | $350K | $441K | $7.1M | $0 | — | View 990 |
| 2013 | $492K | $195K | $7.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $429K, expenses of $487K, and assets of $6.9M (revenue +60.5% year-over-year).
- 2022: Revenue of $267K, expenses of $519K, and assets of $6.9M (revenue -66.7% year-over-year).
- 2021: Revenue of $802K, expenses of $474K, and assets of $7.2M (revenue +42.5% year-over-year).
- 2020: Revenue of $563K, expenses of $455K, and assets of $6.8M (revenue -0.1% year-over-year).
- 2019: Revenue of $563K, expenses of $450K, and assets of $6.7M (revenue +287.1% year-over-year).
- 2015: Revenue of $146K, expenses of $343K, and assets of $6.9M (revenue -58.4% year-over-year).
- 2014: Revenue of $350K, expenses of $441K, and assets of $7.1M (revenue -28.8% year-over-year).
- 2013: Revenue of $492K, expenses of $195K, and assets of $7.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Burnett Timken Memorial Fund 1223249:
Data Sources and Methodology
This transparency report for Burnett Timken Memorial Fund 1223249 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.