Invested
- Assets
- $8.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Renton, WA
- Founding
- 01/2015
- Data as of
- 06/2022
- EIN
- 23-7189670
Organization Overview
Invested is located in Renton, WA. The organization was established in 2015. 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 06/2022, Invested employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Invested 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 06/2022, Invested generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Invested has awarded 168 individual grants totaling $2,578,226. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST NEEDY STUDENTS IN WASHINGTON TO HELP THEM GET TO SCHOOL, STAY IN SCHOOL AND GRADUATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH FALL, THE ORGANIZATION PROVIDES AN INITIAL ROUND OF PROGRAM FUNDING DIRECTLY TO SECONDARY SCHOOLS TO MAKE FUNDS AVAILABLE FOR IMMEDIATE USE WITH MINIMAL BUREAUCRACY. WITH INPUT FROM THOSE WHO ARE CLOSEST TO THE STUDENTS - THEIR TEACHERS, COUNSELORS OR COACHES - THE SCHOOL'S LOCAL TEAM FUNDS ITEMS THAT SPECIFIC STUDENTS NEED, BUT CANNOT AFFORD, ALLOWING THEM TO PARTICIPATE FULLY IN SCHOOL. SPECIFIC NEEDS INCLUDE ACTIVITY FEES, MUSICAL INSTRUMENT RENTAL, UNIFORMS OR CLOTHING, OR TEST FEES. INITIAL FUNDING FOR FY22 WAS $373,450.
THE ORGANIZATION HAS A CHALLENGE MATCHING PROGRAM TO ENCOURAGE SCHOOLS TO GROW LOCAL SUPPORT FOR THE INVESTED PROGRAM AND STUDENT EQUITY THRU EVERY DONATION PROGRAM TO ALLOW DONORS TO DESIGNATE FUNDS TO BE USED AT SPECIFIC SCHOOLS. THE ORGANIZATION PROVIDED $125,410 IN MATCHING FUNDS AND GOODS AND $67,448 IN STUDENT EQUITY THRU EVERY DONATION FUNDS DURING THE YEAR.
THE ORGANIZATION WAS SELECTED AS THE NON-PROFIT PARTNER FOR ALL IN WA DIGITAL EQUITY INITIATIVE. FUNDS COLLECTED BY THE CAMPAIGN WERE USED TO PROVIDE URGENTLY NEEDED COMPUTERS, TABLETS, AND ONLINE ACCESS FOR STUDENTS LACKING ESSENTIAL TECH TOOLS DUE TO THE COVID-19 PANDEMIC. THE CAMPAIGN DISTRIBUTED $30,000 IN FUNDS TO DISTRICTS DURING THE SCHOOL YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandi Bennett-Scott President | OfficerTrustee | 3 | $0 |
Steven Brown 1st Vice President | OfficerTrustee | 0.5 | $0 |
Jeff Richards 2nd Vice President | OfficerTrustee | 0.5 | $0 |
Trish Millines Dziko Secretary | OfficerTrustee | 0.5 | $0 |
Trevor Carlson Treasurer | OfficerTrustee | 0.5 | $0 |
Andy Knapp Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $112,856 |
| Related organizations | $0 |
| Government grants | $289,011 |
| All other contributions, gifts, grants, and similar amounts not included above | $373,556 |
| Noncash contributions included in lines 1a–1f | $21,430 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $775,423 |
| Total Program Service Revenue | $0 |
| Investment income | $174,749 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $379,131 |
| Net Income from Fundraising Events | -$69,088 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,260,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $596,678 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $150,601 |
| Compensation of current officers, directors, key employees. | $39,805 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $389,843 |
| Pension plan accruals and contributions | $9,279 |
| Other employee benefits | $32,308 |
| Payroll taxes | $43,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $358 |
| Fees for services: Accounting | $69,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,014 |
| Fees for services: Other | $75,874 |
| Advertising and promotion | $16,638 |
| Office expenses | $21,125 |
| Information technology | $135,936 |
| Royalties | $0 |
| Occupancy | $75,012 |
| Travel | $1,728 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $248 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,062 |
| Insurance | $4,359 |
| All other expenses | $0 |
| Total functional expenses | $1,663,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,139 |
| Savings and temporary cash investments | $2,671 |
| Pledges and grants receivable | $27,240 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $211,123 |
| Net Land, buildings, and equipment | $19,824 |
| Investments—publicly traded securities | $8,176,373 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,088 |
| Other assets | $0 |
| Total assets | $8,513,458 |
| Accounts payable and accrued expenses | $73,872 |
| Grants payable | $0 |
| 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 | $21,487 |
| Other liabilities | $0 |
| Total liabilities | $95,359 |
| Net assets without donor restrictions | $8,346,153 |
| Net assets with donor restrictions | $71,946 |
| 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 | $8,513,458 |
Grants Awarded
Over the last fiscal year, Invested has awarded $80,700 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BREWSTER SCHOOL DISTRICT PURPOSE: IMMEDIATE ASSISTANCE TO STUDENTS | $10,000 |
JUANITA HIGH SCHOOL PURPOSE: IMMEDIATE ASSISTANCE TO STUDENTS | $5,120 |
INTERAGENCY ACADEMY PURPOSE: IMMEDIATE ASSISTANCE TO STUDENTS | $5,580 |
MOUNT BAKER SCHOOL DISTRICT PURPOSE: IMMEDIATE ASSISTANCE TO STUDENTS | $10,000 |
RENTON SCHOOL DISTRICT PURPOSE: IMMEDIATE ASSISTANCE TO STUDENTS | $50,000 |