Fountain Of Life Foundation
- Assets
- $183.0k
- Revenue
- $235.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Milton, WA
- Founding
- 05/2013
- Data as of
- 12/2022
- EIN
- 61-1683491
Organization Overview
Fountain Of Life Foundation is located in Milton, WA. The organization was established in 2013. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fountain Of Life 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, Fountain Of Life Foundation generated $235.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $244.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fountain Of Life Foundation has awarded 20 individual grants totaling $697,954. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROCERY DISTRIBUTION- FREE GROCERY DISTRIBUTION PROGRAM TO LOW INCOME FAMILIES IN AUBURN AND FEDERAL WAY WA, OVER THE LAST 10 YEARS. IN 2022, WE SERVED 503 FAMILIES AND 2,241 INDIVIDUALS.
UGANDA PRIMARY & SECONDARY SCHOOLS-FOL PARTNERED WITH LOCAL NGO TO PURCHASE THE LAND, BUILD SCHOOLS & CLINIC AS WELL AS STAFF HOUSING UNITS IN RURAL UGANDA.WE ALSO FUND STUDENTS' EDUCATION AND MEDICAL CARE.CURRENT STUDENT ENROLLMENT IS 380.
BUKOBERO COMMUNITY HEALTH CENTER- CONSTRUCTION OF HEALTHCARE FACILITY IN RURAL UGANDA TOWN IS CURRENTLY UNDERWAY.
MEDICAL OUTREACH-IN PARTNERSHIP WITH PLANNING FOR TOMORROW YOUTH ORGANIZATION,WE ASSEMBLED MEDICAL PROFESSIONALS IN JANUARY 2022 AND VISITED A HOSPITAL IN WESTERN UGANDA HOUSING 150,000 REFUGEES FROM NEARBY COUNTRIES.PROVIDED FOOD,EDUCATION ASSISTANCE TO SCHOOLS IN THE CAMP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Eun Ch.op. Officer | 12 | $0 | |
Ken Shou Treasurer | 1 | $0 | |
James Kim Secretary | 1 | $0 | |
Martin Lee Director | 0.1 | $0 | |
Dennis Kim Director | 0.1 | $0 | |
Lydia Schosnig Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $235,679 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $235,679 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,978 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,458 |
| Contributions, gifts, grants paid | $240,444 |
| Total expenses and disbursements | $244,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,016 |
| Savings and temporary cash investments | $80,000 |
| 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 | $183,016 |
| 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, Fountain Of Life Foundation has awarded $240,444 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
KYANGWALI PROJECT PURPOSE: MEDICAL CARE WITHFOOD,EDUCATION &MEDICAL ASSISTANCE | $95,935 |
CANAAN INTERNATIONAL PURPOSE: BUILDING SCHOOLS & TEACHERS HOUSINGMEDICAL CLINIC OUTREACH,HOUSING,FARM LAND ACQUISITION | $64,950 |
BUKOBERO PROJECT PURPOSE: BUILDING A COMMUNITYHEALTHCAREFACILITY | $61,902 |
AUBURN FEDERAL WAY PURPOSE: FOOD DONATIONS:GROCERY DISTRIBUTION FOR LOW INCOME FAMILIES | $11,056 |
NORTH WEST FAMILY LIFESOCIAL JUSTICE PURPOSE: DOMESTIC ABUSEPREVENTION PROGRAMIN SEATTLE, WA | $4,670 |
CIOM PURPOSE: MEDICAL CLINIC LOCATEDIN OUR SCHOOL CAMPUS.SURGICAL MISSION TO ECUADOR | $1,931 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Fountain Of Life Foundation has recieved totaling $62,096.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $38,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,048 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,048 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Food Bank Inc Portland, OR | $88,735,569 | $106,442,657 |
Idaho Foodbank Warehouse Meridian, ID | $39,829,593 | $59,704,152 |
Food Bank Of Alaska Inc Anchorage, AK | $18,765,811 | $33,131,503 |
Food For Lane County Eugene, OR | $21,565,696 | $21,900,710 |
Marion-Polk Food Share Inc Salem, OR | $12,481,523 | $19,024,732 |
Blue Mountain Action Council Inc Walla Walla, WA | $15,285,030 | $16,921,304 |
Clark County Food Bank Vancouver, WA | $21,573,069 | $16,473,935 |
Thurston County Food Bank Olympia, WA | $15,377,704 | $14,632,997 |
Nourish Pierce County Tacoma, WA | $6,902,887 | $13,313,194 |
Community Resource Tr Salem, OR | $3,086,644 | $1,030,928 |
Alternatives To Hunger Bellingham, WA | $14,845,040 | $9,214,173 |
Bonney Lake Community Resources Buckley, WA | $943,649 | $8,388,464 |