Wolfe And Gita Churg Foundation
- Assets
- $1.9m
- Revenue
- $83.5k
- Investments
- $1.9m
- Employees
- 0
- Location
- Blaine, WA
- Founding
- 06/1969
- Data as of
- 12/2022
- EIN
- 23-7011455
Organization Overview
Wolfe And Gita Churg Foundation is located in Blaine, WA. The organization was established in 1969. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wolfe And Gita Churg Foundation 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 12/2022, Wolfe And Gita Churg Foundation generated $83.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $118.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO UNDERTAKE, PROMOTE, DEVELOP, AND CARRY ON CHARITABLE, SCIENTIFIC, OR EDUCATIONAL WORK PRIMARILY IN THE FIELD OF MEDICAL RESEARCH
TO UNDERTAKE, PROMOTE, DEVELOP, AND CARRY ON CHARITABLE, SCIENTIFIC, OR EDUCATIONAL WORK PRIMARILY IN THE FIELD OF MEDICAL RESEARCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Andrew Churg Managing Trustee | 3 | $0 | |
Joanne Wright Trustee | 3 | $0 | |
Charles Chromow Trustee | 3 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $135 |
| Dividends & Interest | $58,185 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,191 |
| Capital Gain Net Income | $25,191 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $83,511 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,684 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $13,689 |
| Contributions, gifts, grants paid | $105,000 |
| Total expenses and disbursements | $118,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,902 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,883,118 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |