Creag Foundation
- Assets
- $3.1m
- Revenue
- $923.8k
- Investments
- $2.9m
- Employees
- 0
- Location
- Woodinville, WA
- Founding
- 11/2009
- Data as of
- 12/2021
- EIN
- 27-0358671
Organization Overview
Creag Foundation is located in Woodinville, WA. The organization was established in 2009. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Creag 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 12/2021, Creag Foundation generated $923.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $197.4k during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 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, Creag Foundation has awarded 118 individual grants totaling $307,500. 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 |
|---|---|---|---|
Robyn Christenson Trustee & Executive Direct | 50 | $71,400 | |
Lois Craig Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $557,718 |
| Interest on Savings | $11 |
| Dividends & Interest | $38,223 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $327,813 |
| Capital Gain Net Income | $327,813 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $923,765 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $71,400 |
| Other employee salaries and wages | $22,250 |
| Pension plans, employee benefits | $16,860 |
| Interest | $0 |
| Taxes | $12,822 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,172 |
| Total operating and administrative expenses | $158,059 |
| Contributions, gifts, grants paid | $39,300 |
| Total expenses and disbursements | $197,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,886 |
| Savings and temporary cash investments | $219,677 |
| 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 | $3,143,066 |
| 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, Creag Foundation has awarded $39,300 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
DRAGG PURPOSE: OPERATIONAL EXPENSES | $3,500 |
SAGES & SEEKERS PURPOSE: OPERATIONAL EXPENSES | $3,500 |
SEATTLE AGAINST SLAVERY PURPOSE: HUMAN TRAFFICKING PREVENTION PROGRAM | $2,500 |
CHANGING LANES PURPOSE: OPERATIONAL EXPENSES/INSTRUCTOR SALARIES | $2,500 |
Takoma Park, MD PURPOSE: CHRISTMAS CELEBRATION | $2,500 |
North Andover, MA PURPOSE: CLIMB FOR COURAGE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carpenters-Employers Vacation Trust Of Western Washington Seattle, WA | $5,203,144 | $22,846,334 |
Board Of Trustees Agc Trust Of Montana Spokane, WA | $18,871,331 | $11,144,345 |
Wattis Dumke Foundation Inc Ketchum, ID | $124,566 | $75,918 |
Tongass Timber Trust Mukilteo, WA | $5,700,029 | $5,800,281 |
The Dalai Lama Foundation Shoreline, WA | $6,300,895 | $851,528 |
Carrico Family Foundation Medford, OR | $33,120,720 | $4,067,868 |
One Call For All Bainbridge Island, WA | $2,280,086 | $2,720,804 |
Laidir Foundation Seattle, WA | $43,862,995 | $7,463,532 |
The Berwick Degel Family Foundation Seattle, WA | $7,563,453 | $2,078,571 |
Martin Fabert Foundation Seattle, WA | $16,791,263 | $328,208 |
Austin Family Foundation Newberg, OR | $30,047,559 | $1,660,315 |
Bellarmine Benefactors Trust Spokane, WA | $24,555,171 | $2,993,701 |