Sara Little Turnbull Foundation
- Assets
- $2.7m
- Revenue
- $151.3k
- Investments
- $2.0m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 06/2018
- Data as of
- 12/2022
- EIN
- 47-7334740
Organization Overview
Sara Little Turnbull Foundation is located in Seattle, WA. The organization was established in 2018. 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. Sara Little Turnbull 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, Sara Little Turnbull Foundation generated $151.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $265.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Sara Little Turnbull Foundation has awarded 20 individual grants totaling $1,002,500. 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 |
|---|---|---|---|
Bruce Moen Trustee | 5 | $16,175 | |
Dorothy Dunn Trustee | 5 | $29,209 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dorsey & Whitney | 12/30/18 | $61,952 |
Dg2 Inc | 12/30/18 | $59,000 |
Moen Law Offices Ps | 12/30/18 | $54,346 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $32,905 |
| Dividends & Interest | $27,545 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66 |
| Capital Gain Net Income | $66 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $90,742 |
| Total Revenue | $151,258 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,384 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,579 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $102,743 |
| Contributions, gifts, grants paid | $162,500 |
| Total expenses and disbursements | $265,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $492 |
| Savings and temporary cash investments | $720,541 |
| 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 | $614,503 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,718,321 |
| 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, Sara Little Turnbull Foundation has awarded $162,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MANITOGA THE RUSSEL WRIGHT DESIGN CENTER PURPOSE: TO PROMOTE DESIGN EDUCATION | $25,000 |
SMITH COLLEGE PURPOSE: TO PROMOTE DESIGN EDUCATION | $25,000 |
THE FURNITURE SOCIETY PURPOSE: TO PROMOTE DESIGN EDUCATION | $27,500 |
THE NEW SCHOOL PURPOSE: TO PROMOTE DESIGN EDUCATION | $25,000 |
TINY WPA PURPOSE: TO PROMOTE DESIGN EDUCATION | $10,000 |
HERBERT H LEHMAN FOUNDATION PURPOSE: TO | $50,000 |