Burnett Walnut Corporation
Burnett Walnut Corporation: Consistent Revenue, Declining Assets
EIN: 222531971 · Neptune, NJ · Updated: 2026-04-04
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.
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.
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
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.
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.