Burnett Walnut Corporation
Burnett Walnut Corporation: Consistent Revenue, Declining Assets
EIN: 222531971 · Neptune, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.5M |
| Program Spending | 75% |
| Net Assets | $-1,044,730 |
| Transparency Score | 65/100 |
Search Intent Cockpit
Burnett Walnut Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Burnett Walnut Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Burnett Walnut Corporation in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $1.5M and expenses of $1.5M.
Revenue and Expenses
Burnett Walnut Corporation reported $1.5M in revenue and $1.5M in expenses, a surplus of $63K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 2 red flags, and 2 strengths are shown from structured and AI review.
Is Burnett Walnut Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.1M (75%) |
Across stored filings, Burnett Walnut Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 75% to programs | Excellent |
| Financial durability | Grade A | 12 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Dance For The Cure Inc →All New Jersey nonprofits
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Neptune, NJ nonprofitsFollow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Burnett Walnut Corporation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Burnett Walnut Corporation
Burnett Walnut Corporation (EIN: 222531971) is a nonprofit organization based in Neptune, NJ. The organization reported total revenue of $1.6M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Burnett Walnut Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Burnett Walnut Corporation is a mid-size nonprofit that has been operating for 42 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$63K |
| Total Assets | $1.3M |
| Total Liabilities | $2.3M |
| Net Assets | $-1,044,730 |
| Operating Margin | 4.2% |
| Debt-to-Asset Ratio | 181.5% |
| Months of Reserves | 10.6 months |
Financial Health Grade: A
In 2023, Burnett Walnut Corporation reported a surplus of $63K with revenue exceeding expenses, holds 10.6 months of operating reserves (strong position), has a debt-to-asset ratio of 181.5% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Burnett Walnut Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | +2.6% | -4.2% |
| 2022 | +1.3% | +6.5% | -15.9% |
| 2021 | +2.2% | -1.2% | -1.8% |
| 2020 | -0.8% | -2.0% | -2.3% |
| 2019 | +4.7% | +5.6% | -6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Walnut Corporation with a Mission Score of 65 out of 100 (Good). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Burnett Walnut Corporation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 surplus of $63K, with revenue exceeding expenses.
- Debt-to-asset ratio: 181.5%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data.
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 Walnut Corporation's IRS 990 filings:
- Total assets have shown a consistent decline from $2,059,659 in 2016 to $1,212,945 in 2023, a decrease of approximately 41%.
- Liabilities have also decreased significantly from $3,591,390 in 2016 to $2,326,340 in 2023, suggesting potential debt reduction or asset liquidation.
Strengths
The following positive indicators were identified for Burnett Walnut Corporation:
- Revenue has remained relatively stable over the past eight years, ranging from $1,339,873 in 2016 to $1,618,657 in 2023, indicating a consistent funding base.
- The organization consistently reports 0% lobbying costs, suggesting a focus on direct mission activities rather than political advocacy.
Frequently Asked Questions about Burnett Walnut Corporation
Is Burnett Walnut Corporation a legitimate charity?
Burnett Walnut Corporation (EIN: 222531971) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.6M. 2 red flags identified. 2 strengths noted. Financial health grade: A.
How does Burnett Walnut Corporation spend its money?
Burnett Walnut Corporation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Burnett Walnut Corporation tax-deductible?
Burnett Walnut Corporation is registered as a tax-exempt nonprofit (EIN: 222531971). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Burnett Walnut Corporation's spending goes to programs?
Burnett Walnut Corporation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Burnett Walnut Corporation located?
Burnett Walnut Corporation is headquartered in Neptune, New Jersey and files with the IRS under EIN 222531971.
How many years of IRS 990 filings does Burnett Walnut Corporation have?
Burnett Walnut Corporation has 12 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 $1.6M in total revenue.
What does Burnett Walnut Corporation do?
Burnett Walnut Corporation is a nonprofit organization in the Unknown sector, located in Neptune, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Burnett Walnut Corporation have?
Burnett Walnut Corporation reported total revenue of $1,618,657. Based on 12 IRS 990 filings on record.
What are Burnett Walnut Corporation's total assets?
Burnett Walnut Corporation holds total assets of $1,212,945 as reported in IRS 990 filings.
Where is Burnett Walnut Corporation located?
Burnett Walnut Corporation is based in Neptune, New Jersey.
What is Burnett Walnut Corporation's EIN?
Burnett Walnut Corporation's Employer Identification Number (EIN) is 222531971. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Burnett Walnut Corporation?
Burnett Walnut Corporation is classified under NTEE code Unknown (Unknown).
Is Burnett Walnut Corporation a registered 501(c)(3)?
Burnett Walnut Corporation appears in IRS records (EIN: 222531971). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Burnett Walnut Corporation file IRS Form 990?
Yes, Burnett Walnut Corporation has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Burnett Walnut Corporation's revenue in 2023?
In the 202306 filing period, Burnett Walnut Corporation reported total revenue of $1,514,694, total expenses of $1,451,433, and net assets of $1,281,610.
Is Burnett Walnut Corporation's revenue growing or declining?
Burnett Walnut Corporation's revenue is relatively stable. Revenue went from $1,463,145 (202206) to $1,514,694 (202306), a +3.5% change. Based on 12 filings on record.
What is Burnett Walnut Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Burnett Walnut Corporation covers tax period 202306. It shows revenue of $1,514,694, expenses of $1,451,433, total assets of $1,281,610, and liabilities of $2,326,340.
How much does Burnett Walnut Corporation spend on programs vs administration?
Based on IRS 990 analysis, Burnett Walnut Corporation allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Burnett Walnut Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Burnett Walnut Corporation shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Burnett Walnut Corporation?
The following concerns were identified: Total assets have shown a consistent decline from $2,059,659 in 2016 to $1,212,945 in 2023, a decrease of approximately 41%.. Liabilities have also decreased significantly from $3,591,390 in 2016 to $2,326,340 in 2023, suggesting potential debt reduction or asset liquidation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Burnett Walnut Corporation's strengths?
Positive indicators for Burnett Walnut Corporation include: Revenue has remained relatively stable over the past eight years, ranging from $1,339,873 in 2016 to $1,618,657 in 2023, indicating a consistent funding base.. The organization consistently reports 0% lobbying costs, suggesting a focus on direct mission activities rather than political advocacy.. These findings are derived from AI analysis of the organization's financial filings.
How does Burnett Walnut Corporation compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is driving the consistent decline in assets and liabilities, and how does this impact the organization's long-term sustainability?
The provided data shows a steady decrease in both assets and liabilities over the years. This could indicate a strategic decision to downsize, divest non-core assets, or pay down debt. Without further context on the nature of the assets and liabilities, it's difficult to determine the exact impact on long-term sustainability, but a continued decline in assets without a clear strategic rationale could be concerning.
Filing History
IRS 990 filing history for Burnett Walnut Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Burnett Walnut Corporation's revenue has grown by 17.4%, moving from $1.3M to $1.5M. Total assets decreased by 44.9% over the same period, from $2.3M to $1.3M. Total functional expenses rose by 6.4%, from $1.4M to $1.5M. In its most recent filing year (2023), Burnett Walnut Corporation reported a surplus of $63K, with revenue exceeding expenses. The organization holds $2.3M in liabilities against $1.3M in assets (debt-to-asset ratio: 181.5%), resulting in net assets of $-1,044,730.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.5M | $1.3M | $2.3M | — | View 990 |
| 2022 | $1.5M | $1.4M | $1.3M | $2.4M | — | View 990 |
| 2021 | $1.4M | $1.3M | $1.6M | $2.7M | — | View 990 |
| 2020 | $1.4M | $1.3M | $1.6M | $2.9M | — | View 990 |
| 2019 | $1.4M | $1.4M | $1.7M | $3.0M | — | View 990 |
| 2018 | $1.4M | $1.3M | $1.8M | $3.2M | — | View 990 |
| 2017 | $1.3M | $1.3M | $1.9M | $3.4M | — | View 990 |
| 2016 | $1.3M | $1.4M | $2.1M | $3.6M | — | View 990 |
| 2015 | $1.3M | $1.4M | $2.2M | $3.6M | — | View 990 |
| 2014 | $1.3M | $1.4M | $2.4M | $3.8M | — | View 990 |
| 2013 | $1.5M | $1.3M | $3.3M | $4.5M | — | View 990 |
| 2012 | $1.3M | $1.4M | $2.3M | $3.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $1.3M (revenue +3.5% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.4M, and assets of $1.3M (revenue +1.3% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.3M, and assets of $1.6M (revenue +2.2% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.3M, and assets of $1.6M (revenue -0.8% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.4M, and assets of $1.7M (revenue +4.7% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $1.8M (revenue +1.1% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $1.9M (revenue +0.5% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.4M, and assets of $2.1M (revenue +1.2% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.4M, and assets of $2.2M (revenue +5.7% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.4M, and assets of $2.4M (revenue -15.0% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.3M, and assets of $3.3M (revenue +14.2% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.4M, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Burnett Walnut Corporation:
Data Sources and Methodology
This transparency report for Burnett Walnut Corporation 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.