Yoakum Foundation
- Assets
- $174.7k
- Revenue
- $15.8k
- Investments
- $165.9k
- Employees
- 0
- Location
- Normandy Park, WA
- Founding
- 02/2010
- Data as of
- 12/2023
- EIN
- 26-3855721
Organization Overview
Yoakum Foundation is located in Normandy Park, WA. The organization was established in 2010. 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. Yoakum 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 12/2023, Yoakum Foundation generated $15.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $36.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Yoakum Foundation has awarded 17 individual grants totaling $145,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Yoakum II President | 0 | $0 | |
Sandra Yoakum Vice President | 0 | $0 | |
Randall Yoakum III Director | 0 | $0 | |
Brian Yoakum Director | 0 | $0 | |
Erin Yoakum Director | 0 | $0 | |
Kevin Yoakum Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $55 |
| Dividends & Interest | $7,010 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,737 |
| Capital Gain Net Income | $7,737 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,802 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $84 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,884 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $36,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,803 |
| 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 | $165,894 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $174,697 |
| 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, Yoakum Foundation has awarded $35,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
RAINIER SCHOLARS PURPOSE: EDUCATION | $15,000 |
PACIFIC LUTHERAN UNIVERSITY PURPOSE: EDUCATION | $2,500 |
QUILTS OF VALOR FOUNDATION PURPOSE: PROGRAM COSTS | $2,500 |
PEDIATRIC INTERIM CARE CTR PURPOSE: EDUCATION | $15,000 |