Chris And Connie Burnett Foundation
Chris And Connie Burnett Foundation consistently operates at a deficit, drawing down assets over the past decade.
EIN: 203386143 · Oklahoma City, OK · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $238K |
| Total Expenses | $46K |
| Program Spending | 70% |
| Net Assets | $520K |
| Transparency Score | 60/100 |
Is Chris And Connie Burnett Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chris And Connie Burnett Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Chris And Connie Burnett Foundation
Chris And Connie Burnett Foundation (EIN: 203386143) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code T22. The organization reported total revenue of $238K and total assets of $531K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chris And Connie Burnett Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chris And Connie Burnett Foundation is a small nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 15.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $40K |
| Total Expenses | $46K |
| Surplus / Deficit | $-5,943 |
| Total Assets | $520K |
| Total Liabilities | $1 |
| Net Assets | $520K |
| Operating Margin | -14.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 135.1 months |
Financial Health Grade: B
In 2024, Chris And Connie Burnett Foundation reported a deficit of $6K with expenses exceeding revenue, holds 135.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), Chris And Connie Burnett Foundation's revenue has grown at a compound annual growth rate (CAGR) of 15.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +70.3% | +22.1% | -1.1% |
| 2023 | -35.7% | -44.8% | -0.8% |
| 2022 | -17.1% | +58.2% | -2.4% |
| 2021 | +153.7% | +2.7% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Chris And Connie Burnett Foundation with a Mission Score of 60 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Chris And Connie Burnett Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not drawing salaries from the foundation, which is highly commendable for an organization of its size.
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 Chris And Connie Burnett Foundation's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in most recent years (e.g., 2024: $46,196 expenses vs. $40,253 revenue).
- Significant decline in total assets over time, from $740,656 in 2015 to $520,208 in 2024, indicating asset depletion.
- Highly volatile revenue streams, including a negative revenue year in 2019 ($-23,355), which raises concerns about financial planning and stability.
Strengths
The following positive indicators were identified for Chris And Connie Burnett Foundation:
- 0% officer compensation reported across all filings, indicating a commitment to directing funds towards the mission rather than executive salaries.
- Maintains a substantial asset base ($520,208 in 2024) despite consistent deficits, providing some buffer for operations.
Frequently Asked Questions about Chris And Connie Burnett Foundation
Is Chris And Connie Burnett Foundation a legitimate charity?
Chris And Connie Burnett Foundation (EIN: 203386143) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 60/100. It has 11 years of IRS 990 filings on record. Total revenue: $238K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Chris And Connie Burnett Foundation spend its money?
Chris And Connie Burnett Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Chris And Connie Burnett Foundation tax-deductible?
Chris And Connie Burnett Foundation is registered as a tax-exempt nonprofit (EIN: 203386143). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Chris And Connie Burnett Foundation's spending goes to programs?
Chris And Connie Burnett Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Chris And Connie Burnett Foundation compare to similar nonprofits?
With a transparency score of 60/100 (Good), Chris And Connie Burnett Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chris And Connie Burnett Foundation located?
Chris And Connie Burnett Foundation is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 203386143. It is classified under NTEE code T22.
How many years of IRS 990 filings does Chris And Connie Burnett Foundation have?
Chris And Connie Burnett Foundation has 11 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 $238K in total revenue.
Is the Chris And Connie Burnett Foundation financially sustainable given its consistent operating deficits?
The foundation has consistently spent more than it earned in most recent years, leading to a significant reduction in its asset base from $740,656 in 2015 to $520,208 in 2024. This trend suggests potential long-term sustainability challenges if not addressed.
What is the primary source of the foundation's revenue, and how stable is it?
The provided data shows highly fluctuating revenue, from a high of $400,104 in 2012 to a low of $-23,355 in 2019. This volatility makes it difficult to assess the stability of its revenue streams without more detailed financial statements.
What are the specific program activities funded by the foundation?
The NTEE code T22 indicates 'Private Grantmaking Foundations', but the provided data does not detail the specific programs or grants made, making it hard to evaluate program impact.
Filing History
IRS 990 filing history for Chris And Connie Burnett Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Chris And Connie Burnett Foundation's revenue has grown by 564.1%, moving from $6K to $40K. Total assets increased by 38.6% over the same period, from $375K to $520K. Total functional expenses rose by 10165.8%, from $450 to $46K. In its most recent filing year (2024), Chris And Connie Burnett Foundation reported a deficit of $6K, with expenses exceeding revenue. The organization holds $1 in liabilities against $520K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $520K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $40K | $46K | $520K | $1 | — | — |
| 2023 | $24K | $38K | $526K | $1 | — | View 990 |
| 2022 | $37K | $69K | $530K | $1 | — | — |
| 2021 | $44K | $43K | $543K | $1 | — | — |
| 2020 | $17K | $42K | $562K | $1 | — | — |
| 2019 | $-23,355 | $46K | $592K | $0 | — | View 990 |
| 2015 | $85K | $49K | $741K | $0 | — | View 990 |
| 2014 | $27K | $49K | $692K | $0 | — | View 990 |
| 2013 | $17K | $41K | $714K | $1 | — | View 990 |
| 2012 | $400K | $38K | $738K | $1 | — | View 990 |
| 2011 | $6K | $450 | $375K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $40K, expenses of $46K, and assets of $520K (revenue +70.3% year-over-year).
- 2023: Revenue of $24K, expenses of $38K, and assets of $526K (revenue -35.7% year-over-year).
- 2022: Revenue of $37K, expenses of $69K, and assets of $530K (revenue -17.1% year-over-year).
- 2021: Revenue of $44K, expenses of $43K, and assets of $543K (revenue +153.7% year-over-year).
- 2020: Revenue of $17K, expenses of $42K, and assets of $562K.
- 2019: Revenue of $-23,355, expenses of $46K, and assets of $592K (revenue -127.3% year-over-year).
- 2015: Revenue of $85K, expenses of $49K, and assets of $741K (revenue +221.4% year-over-year).
- 2014: Revenue of $27K, expenses of $49K, and assets of $692K (revenue +61.0% year-over-year).
- 2013: Revenue of $17K, expenses of $41K, and assets of $714K (revenue -95.9% year-over-year).
- 2012: Revenue of $400K, expenses of $38K, and assets of $738K (revenue +6501.3% year-over-year).
- 2011: Revenue of $6K, expenses of $450, and assets of $375K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chris And Connie Burnett Foundation:
Data Sources and Methodology
This transparency report for Chris And Connie Burnett 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.