Prime Foundation
- Assets
- $894.2k
- Revenue
- $27.4k
- Investments
- $804.0k
- Employees
- 0
- Location
- Woodinville, WA
- Founding
- 02/2013
- Data as of
- 12/2022
- EIN
- 46-1389926
Organization Overview
Prime Foundation is located in Woodinville, WA. The organization was established in 2013. 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. Prime 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, Prime Foundation generated $27.4k 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 (44.0%) each year. All expenses for the organization totaled $22.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (37.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Prime Foundation has awarded 118 individual grants totaling $615,769. 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 |
|---|---|---|---|
Eric Reichanadter President, Senior Director | 1 | $0 | |
Jacqueline Reichanadter Secretary/treasurer Associ | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $115 |
| Dividends & Interest | $17,806 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,519 |
| Capital Gain Net Income | $9,519 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,440 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $469 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $402 |
| Total operating and administrative expenses | $7,161 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $22,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5 |
| Savings and temporary cash investments | $90,214 |
| 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 | $803,960 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $894,179 |
| 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, Prime Foundation has awarded $216,990 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
ACE MENTOR PROGRAM OF WASHINGTON PURPOSE: MENTORING AND COLLEGE SCHOLARSHIPS FOR HIGH SCHOOL STUDENTS | $1,500 |
AMERICAN HEART ASSOCIATION INC PURPOSE: FIGHTING HEART DISEASE AND STROKE. | $30,000 |
APPRENTICESHIP & NON-TRADITIONAL EMPLOYMENT FOR WOMEN PURPOSE: TRAINING FOR UNDERREPRESENTED DEMOGRAPHICS IN THE CONSTRUCTION INDUSTRY | $8,000 |
BELLEVUE BREAKFAST ROTARY CLUB FOUNDATION PURPOSE: SUPPORT CHILDREN WITH AUTISM & THEIR FAMILIES & CAREGIVERS | $1,500 |
BELLEVUE COLLEGE FOUNDATION PURPOSE: SUPPORT QUALITY EDUCATION & TRAINING OPPORTUNITIES. | $1,490 |
BELLEVUE POLICE FOUNDATION PURPOSE: FUND EQUIPMENT, TRAINING & TOOLS THAT BUILD CONNECTIONS BETWEEN THE POLICE & THE COMMUNITY. | $2,000 |