Leo S & Emogene Burton Case Foundation
Leo S & Emogene Burton Case Foundation consistently spends more than its annual revenue, drawing from its stable $5-6 million asset base.
EIN: 208115212 · Destin, FL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.3M |
| Total Expenses | $338K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.2M |
| Transparency Score | 85/100 |
Is Leo S & Emogene Burton Case Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Leo S & Emogene Burton Case Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leo S & Emogene Burton Case Foundation
Leo S & Emogene Burton Case Foundation (EIN: 208115212) is a nonprofit organization based in Destin, FL, classified under NTEE code T22. The organization reported total revenue of $6.3M and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leo S & Emogene Burton Case Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leo S & Emogene Burton Case Foundation is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -16.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $74K |
| Total Expenses | $338K |
| Surplus / Deficit | $-263,277 |
| Total Assets | $5.2M |
| Total Liabilities | $1 |
| Net Assets | $5.2M |
| Operating Margin | -353.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 183.8 months |
Financial Health Grade: B
In 2024, Leo S & Emogene Burton Case Foundation reported a deficit of $263K with expenses exceeding revenue, holds 183.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Leo S & Emogene Burton Case Foundation's revenue has declined at a compound annual growth rate (CAGR) of -16.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -73.4% | +1.7% | -3.8% |
| 2023 | +12.9% | -3.4% | -0.3% |
| 2022 | -47.2% | +13.1% | -0.9% |
| 2021 | +121.9% | +11.6% | +3.1% |
| 2020 | +81.5% | +0.9% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Leo S & Emogene Burton Case Foundation 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: 85%
- fundraising: 5%
According to IRS 990 filings, Leo S & Emogene Burton Case Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $263K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership serves without pay, which is highly commendable for a foundation of its size with assets exceeding $5 million.
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 Leo S & Emogene Burton Case Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding reported revenue) across multiple years, such as $337,722 expenses vs. $74,445 revenue in 202401, which could indicate reliance on endowment drawdowns.
Strengths
The following positive indicators were identified for Leo S & Emogene Burton Case Foundation:
- Consistent 0% officer compensation, indicating highly efficient use of funds at the leadership level.
- Stable asset base of $5-6 million over a decade, demonstrating long-term financial resilience.
- Minimal liabilities, consistently reported as $1 or $2, indicating strong financial management and low debt.
Frequently Asked Questions about Leo S & Emogene Burton Case Foundation
Is Leo S & Emogene Burton Case Foundation a legitimate charity?
Leo S & Emogene Burton Case Foundation (EIN: 208115212) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $6.3M. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Leo S & Emogene Burton Case Foundation spend its money?
Leo S & Emogene Burton Case Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Leo S & Emogene Burton Case Foundation tax-deductible?
Leo S & Emogene Burton Case Foundation is registered as a tax-exempt nonprofit (EIN: 208115212). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Leo S & Emogene Burton Case Foundation CEO make?
Leo S & Emogene Burton Case Foundation's highest-compensated officer earns $5 annually. The organization reported $6.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Leo S & Emogene Burton Case Foundation's spending goes to programs?
Leo S & Emogene Burton Case Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Leo S & Emogene Burton Case Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Leo S & Emogene Burton Case 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 Leo S & Emogene Burton Case Foundation located?
Leo S & Emogene Burton Case Foundation is headquartered in Destin, Florida and files with the IRS under EIN 208115212. It is classified under NTEE code T22.
How many years of IRS 990 filings does Leo S & Emogene Burton Case Foundation have?
Leo S & Emogene Burton Case Foundation has 10 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 $6.3M in total revenue.
How does the foundation cover its consistent deficit spending?
The foundation likely covers its consistent deficit spending by drawing from its substantial asset base, which has remained stable around $5-6 million over the past decade, or from investment gains not categorized as 'Revenue' in the provided data.
What is the primary purpose of the foundation's expenses?
Given its NTEE code T22 (Private Grantmaking Foundations) and consistent spending, the primary purpose of the foundation's expenses is likely grantmaking to other charitable organizations or individuals, though specific program details are not provided.
Is the foundation's asset base growing or shrinking?
The foundation's asset base has shown slight fluctuations but has remained relatively stable, ranging from $4.9 million in 201201 to $5.1 million in 202401, with a peak of $5.5 million in 201501. It is not experiencing significant growth or decline.
Filing History
IRS 990 filing history for Leo S & Emogene Burton Case Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Leo S & Emogene Burton Case Foundation's revenue has declined by 89.1%, moving from $684K to $74K. Total assets increased by 4.9% over the same period, from $4.9M to $5.2M. Total functional expenses rose by 49.2%, from $226K to $338K. In its most recent filing year (2024), Leo S & Emogene Burton Case Foundation reported a deficit of $263K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $74K | $338K | $5.2M | $1 | — | — |
| 2023 | $280K | $332K | $5.4M | $1 | — | View 990 |
| 2022 | $248K | $344K | $5.4M | $1 | — | View 990 |
| 2021 | $469K | $304K | $5.4M | $1 | — | — |
| 2020 | $212K | $272K | $5.3M | $1 | — | View 990 |
| 2016 | $117K | $270K | $5.3M | $2K | — | View 990 |
| 2015 | $673K | $292K | $5.5M | $2K | — | View 990 |
| 2014 | $402K | $290K | $5.1M | $2K | — | View 990 |
| 2013 | $403K | $289K | $5.0M | $2K | — | View 990 |
| 2012 | $684K | $226K | $4.9M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $74K, expenses of $338K, and assets of $5.2M (revenue -73.4% year-over-year).
- 2023: Revenue of $280K, expenses of $332K, and assets of $5.4M (revenue +12.9% year-over-year).
- 2022: Revenue of $248K, expenses of $344K, and assets of $5.4M (revenue -47.2% year-over-year).
- 2021: Revenue of $469K, expenses of $304K, and assets of $5.4M (revenue +121.9% year-over-year).
- 2020: Revenue of $212K, expenses of $272K, and assets of $5.3M (revenue +81.5% year-over-year).
- 2016: Revenue of $117K, expenses of $270K, and assets of $5.3M (revenue -82.7% year-over-year).
- 2015: Revenue of $673K, expenses of $292K, and assets of $5.5M (revenue +67.4% year-over-year).
- 2014: Revenue of $402K, expenses of $290K, and assets of $5.1M (revenue -0.3% year-over-year).
- 2013: Revenue of $403K, expenses of $289K, and assets of $5.0M (revenue -41.1% year-over-year).
- 2012: Revenue of $684K, expenses of $226K, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leo S & Emogene Burton Case Foundation:
Data Sources and Methodology
This transparency report for Leo S & Emogene Burton Case 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.