Halvorson Charities Fund
- Assets
- $4.4m
- Revenue
- $285.2k
- Investments
- $4.3m
- Employees
- 0
- Location
- Kirkland, WA
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 42-1744781
Organization Overview
Halvorson Charities Fund is located in Kirkland, WA. The organization was established in 2009. 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. Halvorson Charities Fund 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, Halvorson Charities Fund generated $285.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $253.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Halvorson Charities Fund has awarded 30 individual grants totaling $611,300. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PLEASE SEE MISSION STATEMENT BELOW: CONDUCTS AND SUPPORTS ACTIVITIES EXCLUSIVELY FOR THE BENEFIT OF EVANGELICAL CHRISTIAN CHURCHES, CHARITABLE RELIEF ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEATTLE YOUTH FOR CHRISTCITY SERVE IS A LOCAL MISSION TRIP EXPERIENCE THAT ALLOWS YOUNG PEOPLE TO LEARN ABOUT GOD'S HEART FOR JUSTICE, WHILE AT THE SAME TIME SERVES THOSE IN NEED THROUGHOUT SNOHOMISH AND KING COUNTY.
SEATTLE UNION GOSPEL MISSIONIS TO BRING THE LOVE OF JESUS AND HOPE FOR A NEW LIFE TO OUR HOMELESS NEIGHBORS.
CRISTA CAMPSARE POSITIVE CHRISTIAN FOCUSED CAMPS, ISLAND LAKE AND MIRACLE RANCH, FOR YOUTH, THE NEEDY AND ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Chin Director | Trustee | 5 | $0 |
E Kent Halvorson Director | Trustee | 5 | $0 |
Doug Edlund President | Trustee | 5 | $0 |
Douglas Sutten Treasurer | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $93,152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $192,035 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $285,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $211,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,864 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,136 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $253,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,558 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,280,058 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,399,616 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $4,399,616 |
| Total liabilities and net assets/fund balances | $4,399,616 |
Grants Awarded
Over the last fiscal year, Halvorson Charities Fund has awarded $206,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: SUPPORT MEALS ANF SHELTER WITH SPRITUAL FOCUS | $50,000 |
Shoreline, WA PURPOSE: SUPPORT POSITIVE CHRISTIAN FOCUSED CAMPS | $25,000 |
Seattle, WA PURPOSE: SUPPORT LOCAL MISSION TRIP EXPERIENCE | $25,000 |
Shoreline, WA PURPOSE: SUPPORT ALTERNATIVE CHRISTIAN EDUCATIONAL COMMUNITY | $25,000 |
Marysville, WA PURPOSE: BRINGING PERSONS WITH DISABILITIES TOGETHER INTO RELATIONSHIP | $25,000 |
Phoenix, AZ PURPOSE: DRILLING WELLS FOR SAFE WATER IN AFRICA | $21,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Friday Foundation Medina, WA | $32,805,393 | $16,602 |
Rasmuson Foundation Anchorage, AK | $851,377,242 | $102,826,089 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Intel Foundation Hillsboro, OR | $50,440,341 | $47,262 |
Roots And Wings Foundation Inc Seattle, WA | $315,937,030 | $249,888,695 |
Schultz Family Foundation Seattle, WA | $463,519,339 | $158,807,992 |
The Lemelson Foundation Portland, OR | $488,510,181 | $33,726,014 |
Norcliffe Foundation Seattle, WA | $18,121,640 | $25,144,033 |
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |