First Federal Community Foundation
- Assets
- $5.9m
- Revenue
- $472.2k
- Investments
- $5.8m
- Employees
- 0
- Location
- Port Angeles, WA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-3425308
Organization Overview
First Federal Community Foundation is located in Port Angeles, WA. The organization was established in 2014. 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. First Federal Community 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, First Federal Community Foundation generated $472.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $990.9k during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 6 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 2016, First Federal Community Foundation has awarded 192 individual grants totaling $4,586,800. 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 |
|---|---|---|---|
Jan Simon Executive Director | 40 | $71,867 | |
Craig Curtis Director | 1 | $0 | |
Candi Avery Treasurer | 1 | $0 | |
Norman Tonina Jr President | 1 | $0 | |
Cindy Finnie Director | 1 | $0 | |
Karen Mccormick Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $150,647 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $321,499 |
| Capital Gain Net Income | $321,499 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $472,152 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $71,867 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,036 |
| Interest | $0 |
| Taxes | $11,614 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,043 |
| Total operating and administrative expenses | $130,885 |
| Contributions, gifts, grants paid | $860,000 |
| Total expenses and disbursements | $990,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $76,817 |
| 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 | $5,904,747 |
| Accounts payable and accrued expenses | $2,254 |
| 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 | $2,254 |
Grants Awarded
Over the last fiscal year, First Federal Community Foundation has awarded $860,000 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY OF CLALLAM COUNTY PURPOSE: AFFORDABLE HOUSING | $100,000 |
Bellingham, WA PURPOSE: COMMUNITY SUPPORT | $65,000 |
CLALLAM COUNTY YOUNG MEN'S CHRISTIAN ASSN INC DBA OLYMPIC PENINSULA YMCA PURPOSE: COMMUNITY DEVELOPMENT | $50,000 |
COUNCIL OF THE OLYMPIC PENINSULA OF THE SOCIETY OF ST VINCENT DE PAUL PURPOSE: COMMUNITY DEVELOPMENT | $50,000 |
Bremerton, WA PURPOSE: AFFORDABLE HOUSING | $50,000 |
Port Townsend, WA PURPOSE: HEALTHCARE. | $50,000 |
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 |