Tisbest Philanthropy
- Assets
- $1.2m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Seattle, WA
- Founding
- 02/2008
- Data as of
- 06/2021
- EIN
- 20-8630809
Organization Overview
Tisbest Philanthropy is located in Seattle, WA. The organization was established in 2008. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Tisbest Philanthropy employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tisbest Philanthropy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Tisbest Philanthropy generated $11.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 47.0% each year . All expenses for the organization totaled $10.7m during the year ending 06/2021. While expenses have increased by 45.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tisbest Philanthropy has awarded 796 individual grants totaling $14,531,054. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TISBEST PHILANTHROPY CONNECTS BUSINESSES AND INDIVIDUALS WITH IMPORTANT CAUSES BY REPLACING GIFTS OF 'STUFF' WITH GIFTS OF 'GOOD'.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECIPIENTS OF TISBEST CHARITY GIFT CARDS CAN USE THEM BY ENTERING A UNIQUE CODE ON THE TISBEST WEBSITE AND DIRECTING THE FUNDS FROM THE CARD TO A CHARITY OF THEIR CHOICE FROM OUR LIST OF CHARITIES ON THE WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simeon Cathey Managing Dir. | OfficerTrustee | 40 | $40,400 |
Jim Phillips Chair | OfficerTrustee | 0.1 | $0 |
Kendall Webb Director | Trustee | 0.1 | $0 |
Peter Lindburg Director | Trustee | 0.1 | $0 |
Rich Gold Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,921,114 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,985,514 |
| Total Program Service Revenue | $38,650 |
| Investment income | $4,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,028,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,163,896 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $68,106 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,160 |
| Compensation of current officers, directors, key employees. | $16,674 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $262,553 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,722 |
| Payroll taxes | $25,858 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $128,447 |
| Advertising and promotion | $320,086 |
| Office expenses | $60,191 |
| Information technology | $394,610 |
| Royalties | $0 |
| Occupancy | $35,241 |
| Travel | $85 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $170 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,150 |
| All other expenses | $1,510 |
| Total functional expenses | $10,734,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,738 |
| Savings and temporary cash investments | $1,011,777 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,409 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,187 |
| Prepaid expenses and deferred charges | $8,207 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,169,318 |
| Accounts payable and accrued expenses | $54,684 |
| Grants payable | $808,968 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $1,013,652 |
| Net assets without donor restrictions | $155,666 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,169,318 |
Grants Awarded
Over the last fiscal year, Tisbest Philanthropy has awarded $416,046 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: See TisBest mission. | $116,206 |
Washington, DC PURPOSE: See TisBest mission. | $108,274 |
Kennesaw, GA PURPOSE: See TisBest mission. | $48,209 |
Washington, DC PURPOSE: See TisBest mission. | $42,295 |
New York, NY PURPOSE: See TisBest mission. | $41,235 |
Arlington, VA PURPOSE: See TisBest mission. | $23,839 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Tisbest Philanthropy has recieved totaling $6,976,758.
| Awarding Organization | Amount |
|---|---|
Dalio Family Fund Inc Westport, CT PURPOSE: TO SUPPORT A PROGRAM TO ENCOURAGE GIVING | $4,397,700 |
Dalio Family Fund Inc Westport, CT PURPOSE: TO SUPPORT A PROGRAM TO ENCOURAGE GIVING | $2,500,000 |
Ignite Good Foundation Inc New York, NY PURPOSE: DONATION | $50,000 |
Dalio Family Fund Inc Westport, CT PURPOSE: TO SUPPORT GENERAL OPERATIONS | $10,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $7,310 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,259 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tisbest Philanthropy Seattle, WA | $1,169,318 | $11,028,187 |
Omprakash Inc Seattle, WA | $1,303,902 | $8,335,902 |
Momsrising Education Fund Bellevue, WA | $13,735,648 | $12,363,267 |
Community In Action Ontario, OR | $2,870,959 | $6,588,152 |
Tsf Services Seattle, WA | $41,582 | $5,196,264 |
Invested Renton, WA | $10,800,874 | $5,096,103 |
Malaria No More Fund Seattle, WA | $7,196,882 | $3,765,133 |
Emergency Feeding Program Of Seattle & King County Renton, WA | $889,754 | $3,848,246 |
Seattle International Foundation Seattle, WA | $3,557,476 | $2,971,233 |
Arctic Slope Community Foundation Anchorage, AK | $12,635,878 | $4,961,869 |
Morning Star Foundation Spokane, WA | $12,059,803 | $675,586 |
Kaiser Borsari Educational Foundation Bellingham, WA | $10,206,898 | $1,033,814 |