Gary E Milgard Family Foundation-Sunshine
- Assets
- $34.6m
- Revenue
- $1.1m
- Investments
- $34.4m
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 04/2016
- Data as of
- 12/2023
- EIN
- 81-1315385
Organization Overview
Gary E Milgard Family Foundation-Sunshine is located in Tacoma, WA. The organization was established in 2016. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Gary E Milgard Family Foundation-Sunshine 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, Gary E Milgard Family Foundation-Sunshine generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Gary E Milgard Family Foundation-Sunshine has awarded 451 individual grants totaling $9,547,883. 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 |
|---|---|---|---|
Christine Zemanek President & Treasurer | 10 | $21,672 | |
Tyler Zemanek VP | 40 | $138,597 | |
Dana Howerton Secretary | 4.5 | $10,632 | |
Lori Milgard Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $902,689 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $247,205 |
| Capital Gain Net Income | $212,314 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,149,894 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $170,901 |
| Other employee salaries and wages | $6,309 |
| Pension plans, employee benefits | $107,505 |
| Interest | $0 |
| Taxes | $33,371 |
| Depreciation | $0 |
| Occupancy | $5,188 |
| Travel, conferences, and meetings | $4,902 |
| Printing and publications | $51 |
| Other expenses | $9,062 |
| Total operating and administrative expenses | $436,217 |
| Contributions, gifts, grants paid | $1,351,800 |
| Total expenses and disbursements | $1,788,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,662 |
| Savings and temporary cash investments | $197,685 |
| 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 | $4,013,281 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $34,587,149 |
| Accounts payable and accrued expenses | $11,506 |
| 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 | $11,506 |
Grants Awarded
Over the last fiscal year, Gary E Milgard Family Foundation-Sunshine has awarded $1,351,800 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
AAUW-WA SPECIAL PROJECTS FUND PURPOSE: TECH TREK 2023 | $2,800 |
ALL SAINTS CATHOLIC CHURCH PURPOSE: COMMUNITY SERVICES/HOMELESSNESS | $7,500 |
ASIA PACIFIC CULTURAL CENTER PURPOSE: SENIOR SERVICES PROGRAMMING | $35,000 |
AMERICAN RED CROSS PURPOSE: PIERCE COUNTY- HOME FIRE CAMPAIGN | $20,000 |
ASSOCIATED MINISTRIES OF TACOMA-PIERCE CO PURPOSE: GENERAL OPERATING | $35,000 |
BIRTHDAY DREAMS PURPOSE: BIRTHDAY SMILES PROGRAM | $12,000 |