Stolte Family Foundation
- Assets
- $78.8m
- Revenue
- $10.3m
- Investments
- $76.2m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 07/2015
- Data as of
- 12/2021
- EIN
- 47-1545801
Organization Overview
Stolte Family Foundation is located in Seattle, WA. The organization was established in 2015. 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. Stolte Family 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, Stolte Family Foundation generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $9.4m during the year ending 12/2021. While expenses have increased by 23.4% 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, Stolte Family Foundation has awarded 515 individual grants totaling $41,152,615. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STOLTE FAMILY FOUNDATION PROVIDES SUPPORT TO OTHER QUALIFIED 501(C)(3) ORGANIZATIONS ALLOWING THEM TO CARRY OUT THEIR CHARITABLE ACTIVITIES. ORGANIZATIONS SERVED = 61
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Stolte Director, President | 15 | $0 | |
Christopher Stolte Director, Secretary, Treasurer | 12 | $0 | |
Kim Wright Director | 21 | $154,203 | |
Brianna Jackson Education Program Of | 25 | $122,131 | |
Karen Laughlin Climate Program Dire | 10 | $89,584 | |
Whitney Howe Operations And Grant | 14 | $41,518 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wells Fargo | 12/30/20 | $76,550 |
First Republic Bank | 12/30/20 | $73,824 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,546,129 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,785,053 |
| Capital Gain Net Income | $8,840,368 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $904 |
| Total Revenue | $10,332,086 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $202,575 |
| Other employee salaries and wages | $243,484 |
| Pension plans, employee benefits | $81,068 |
| Interest | $0 |
| Taxes | $170,562 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,161 |
| Printing and publications | $0 |
| Other expenses | $389,186 |
| Total operating and administrative expenses | $1,161,529 |
| Contributions, gifts, grants paid | $8,201,180 |
| Total expenses and disbursements | $9,362,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,573 |
| Savings and temporary cash investments | $516,402 |
| 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 | $7,924,926 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,134,000 |
| Total assets | $78,833,189 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,154 |
| Total liabilities | $4,154 |
Grants Awarded
Over the last fiscal year, Stolte Family Foundation has awarded $10,847,539 in support to 105 organizations.
| Grant Recipient | Amount |
|---|---|
BUILDING CHANGES (FOR LOOK LISTEN & LEARN) PURPOSE: FUNDING FOR GENERAL CHARITABLE OPERATIONS | $50,000 |
ASIA PACIFIC CULTURAL CENTER PURPOSE: FUNDING FOR GENERAL CHARITABLE OPERATIONS | $140,000 |
BAILADORES DE BRONCE PURPOSE: FUNDING FOR GENERAL CHARITABLE OPERATIONS | $300 |
CASCADIA CLEANTECH PRIZE (FOR E8) PURPOSE: FUNDING FOR GENERAL CHARITABLE OPERATIONS | $100,000 |
BYRD BARR PLACE (FOR BIPOC ED COALITION) PURPOSE: FUNDING FOR GENERAL CHARITABLE OPERATIONS | $200,000 |
CLEAN ENERGY TRANSITION INSTITUTE PURPOSE: FUNDING FOR GENERAL CHARITABLE OPERATIONS | $100,000 |