Lochland Foundation
- Assets
- $13.4m
- Revenue
- $153.6k
- Investments
- $10.7m
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 09/2002
- Data as of
- 12/2023
- EIN
- 51-0420961
Organization Overview
Lochland Foundation is located in Bellevue, WA. The organization was established in 2002. 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. Lochland 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 12/2023, Lochland Foundation generated $153.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $568.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lochland Foundation has awarded 79 individual grants totaling $9,002,700. 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 |
|---|---|---|---|
Katherine Binder President/treasurer | 1 | $0 | |
Bill Binder Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $344,502 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$190,928 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $153,574 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,243 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $43,118 |
| Contributions, gifts, grants paid | $525,000 |
| Total expenses and disbursements | $568,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,620,283 |
| 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 | $9,592 |
| Total assets | $13,355,357 |
| 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, Lochland Foundation has awarded $525,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ONE MIND INSTITUTE PURPOSE: GENERAL FUND | $100,000 |
RECOVERY CAFE PURPOSE: GENERAL FUND | $75,000 |
PROGRAM FOR EARLY PARENT SUPPORT PURPOSE: GENERAL FUND | $50,000 |
BELLEVUE LIFESPRING PURPOSE: GENERAL FUND | $250,000 |
RAINIER ATHLETES PURPOSE: GENERAL FUND | $50,000 |