Mount Baker Foundation
- Assets
- $42.2m
- Revenue
- $9.3m
- Investments
- $41.9m
- Employees
- 0
- Location
- Bellingham, WA
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 61-1862747
Organization Overview
Mount Baker Foundation is located in Bellingham, WA. The organization was established in 2019. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Mount Baker 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, Mount Baker Foundation generated $9.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 36.3% each year . All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 35.4% per year over the past 3 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 2020, Mount Baker Foundation has awarded 51 individual grants totaling $2,618,654. 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 |
|---|---|---|---|
William Lombard Board Member/past President | 2 | $0 | |
Julie Johansen Board Member/past President | 2 | $0 | |
Ethel Elston Board Member | 2 | $0 | |
Ione Adams Vice President | 2 | $0 | |
William Freeman Board Member | 2 | $0 | |
Ken Gass President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,751,748 |
| Interest on Savings | $173 |
| Dividends & Interest | $837,696 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,756,387 |
| Capital Gain Net Income | $1,756,387 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,346,004 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $34,527 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,120 |
| Depreciation | $0 |
| Occupancy | $7,396 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $105,097 |
| Total operating and administrative expenses | $400,260 |
| Contributions, gifts, grants paid | $2,881,580 |
| Total expenses and disbursements | $3,281,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,658 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $200,000 |
| 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 | $1,560 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $42,225,548 |
| Accounts payable and accrued expenses | $25,115 |
| Grants payable | $1,130,801 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $43,123 |
| Total liabilities | $1,199,039 |
Grants Awarded
Over the last fiscal year, Mount Baker Foundation has awarded $2,050,779 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: CENTER FOR DIALYSIS INNOVATION ON THE DIALYSIS VASCULAR ACCESS PROJECT | $500,000 |
LYDIA PLACE PURPOSE: CASE AND PROGRAM MANAGEMENT | $150,000 |
Bellingham, WA PURPOSE: SCHOLARSHIP | $100,000 |
Bellingham, WA PURPOSE: COVID-19 RECOVERY | $100,000 |
Bellingham, WA PURPOSE: SCHOLARSHIP | $100,000 |
Bellingham, WA PURPOSE: SCHOLARSHIP | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Micron Technology Foundation Inc Boise, ID | $125,043,825 | $15,658,941 |
Mount Baker Foundation Bellingham, WA | $42,225,548 | $9,346,004 |
Craig And Susan Mccaw Foundation Kirkland, WA | $12,162,493 | $989,970 |
Mona Foundation Bellevue, WA | $4,431,589 | $2,318,161 |
Allen Institute For Artificial Intelligence Seattle, WA | $34,288 | $1,296,035 |
Sunbridge Foundation Seattle, WA | $16,943,375 | $1,420,322 |
Evertrust Foundation Everett, WA | $7,898,804 | $1,055,005 |
Washington Federal Foundation Seattle, WA | $444,132 | $1,000,247 |
Arthur M James Family Foundation Seaside, OR | $0 | $233,564 |
Guidance Foundation Portland, OR | $0 | $19,812 |
The Frederick D & Gail Y Jubitz Foundation Hillsboro, OR | $3,589,858 | $1,270,758 |
Alaska Airlines Foundation Anchorage, AK | $9,466,696 | $1,525,965 |