Crete Family Foundation
- Assets
- $7.1m
- Revenue
- $169.9k
- Investments
- $6.9m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 08/2008
- Data as of
- 12/2022
- EIN
- 26-1593512
Organization Overview
Crete Family Foundation is located in Seattle, WA. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Crete Family 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, Crete Family Foundation generated $169.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $739.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Crete Family Foundation has awarded 368 individual grants totaling $5,532,749. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Crete President | 15 | $0 | |
Matthew Mccutchen Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $158,217 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $94,538 |
| Capital Gain Net Income | $94,538 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$93,317 |
| Total Revenue | $169,938 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,141 |
| Total operating and administrative expenses | $65,986 |
| Contributions, gifts, grants paid | $673,150 |
| Total expenses and disbursements | $739,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $263,175 |
| 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 | $6,874,932 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,138,107 |
| 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 |
Grants Awarded
Over the last fiscal year, Crete Family Foundation has awarded $673,150 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY LODI CORPS PURPOSE: ASSISTANCE TO INDIGENT FAMILIES | $25,000 |
STOCKTON SHELTER FOR THE HOMELESS PURPOSE: EMERGENCY FOOD AND CLOTHING FOR FAMILIES IN NEED | $40,000 |
EMERGENCY FOOD BANK PURPOSE: EMERGENCY FOOD FOR FAMILIES IN NEED | $30,000 |
CHILDREN'S HOME OF STOCKTON PURPOSE: ASSISTANCE TO CHILDREN IN NEED | $25,000 |
WILLIAM E COLSON CHAIR IN GERONTOLO PURPOSE: EDUCATIONAL RESEARCH | $25,000 |
WOUNDED WARRIOR PROJECT PURPOSE: ASSISTANCE TO WOUNDED VETERANS AND THEIR FAMILIES | $50,000 |