Lochland Foundation
- Assets
- $16.7m
- Revenue
- $282.6k
- Investments
- $14.4m
- Employees
- 0
- Location
- Medina, WA
- Founding
- 09/2002
- Data as of
- 12/2020
- EIN
- 51-0420961
Organization Overview
Lochland Foundation is located in Medina, 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 12/2020, Lochland Foundation generated $282.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $904.7k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lochland Foundation has awarded 53 individual grants totaling $3,955,000. 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 |
|---|---|---|---|
Mark Lindsey Vice-President | 1 | $0 | |
Phyllis Lindsey President | 1 | $0 | |
Katherine Binder Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $347,162 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$64,554 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $282,608 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $49,688 |
| Contributions, gifts, grants paid | $855,000 |
| Total expenses and disbursements | $904,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,246,324 |
| 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 | $39,830 |
| Total assets | $16,698,335 |
| 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 $855,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: GENERAL FUND | $160,000 |
Boca Raton, FL PURPOSE: GENERAL FUND | $145,000 |
ONE MIND PURPOSE: GENERAL FUND | $100,000 |
Seattle, WA PURPOSE: GENERAL FUND | $100,000 |
MUSEUM OF FLIGHT PURPOSE: GENERAL FUND | $80,000 |
Bellingham, WA PURPOSE: GENERAL FUND | $80,000 |
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 |