Magnusson Klemencic Associates Foundation
- Assets
- $688.3k
- Revenue
- $35.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 05/2016
- Data as of
- 03/2022
- EIN
- 81-2063837
Organization Overview
Magnusson Klemencic Associates Foundation is located in Seattle, WA. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public 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. Magnusson Klemencic Associates 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 03/2022, Magnusson Klemencic Associates Foundation generated $35.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (51.1%) each year. All expenses for the organization totaled $105.2k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SUPPLEMENTAL INFO PART XIV - LINE 3A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Klemencic President | 1 | $0 | |
Don Davies Director | 1 | $0 | |
Bill Christopher Director | 1 | $0 | |
Robert Baxter Director | 1 | $0 | |
Farshad Berahman Director | 1 | $0 | |
Juliette Peyroux Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,000 |
| Interest on Savings | $60 |
| 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 | $35,060 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,541 |
| Total operating and administrative expenses | $3,541 |
| Contributions, gifts, grants paid | $101,698 |
| Total expenses and disbursements | $105,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,522 |
| Savings and temporary cash investments | $611,792 |
| 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 | $688,314 |
| 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, Magnusson Klemencic Associates Foundation has awarded $101,698 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLES PANKOW FOUNDATION PURPOSE: RGA 03-20 - COMPOSITE FLOOR-TO-SPEEDCORE WALL SYSTEMS: PERFORMANCE BASED FIRE RESISTANCE AND DESIGN. THIS RESEARCH WILL DEVELOP PERFORMANCE BASED FIRE RESISTANT DESIGN PROVISIONS FOR THE COMPLETE FLOOR SYSTEM CONSISTING OF COMPOSITE FLOORS SPEEDCORE WALLS AND WALL-TO-FLOOR CONNECTIONS. THE DESIGN PROVISION WILL CONSIDER BOTH STANDARD AND DESIGN FIRE SCENARIOS AND DEVELOP DESIGN METHODS THAT ACCOUNT FOR THE COMPLEXITIES OF BEHAVIOR INCLUDING THERMAL DEFORMATION RESTRAINTS INCLUDING AXIAL AND FLEXURAL DEFORMATIONS AND FORCES INDUCED IN THE CONNECTIONS AND CONNECTION LIMIT STATES INCLUDING FRACTURE FAILURE. THE RESEARCH WILL BE CONDUCTED BY TWO PH.D. STUDENTS WORKING COLLABORATIVELY AT PURDUE UNIVERSITY. | $50,000 |
UNIVERSITY OF MICHIGAN PURPOSE: RGA A101 - THIS RESEARCH PROJECT LOOKS TO ADVANCE METHODS FOR THE EFFICIENT ESTIMATION OF THE RELIABILITY OF POST-ELASTIC HIGH-RISE WIND-EXCITED STRUCTURES WITHIN A PERFORMANCE-BASED DESIGN PBD FOR HIGH-RISE BUILDINGS.PROFESSOR SEYMOUR SPENCE IS THE PRINCIPAL INVESTIGATOR AND IS QUOTED AS FOLLOWS: CURRENT HIGH-RISES IN EFFICIENTLY MODELING THE POST-ELASTIC NON-LINEAR STRUCTURAL BEHAVIOR OF THE SYSTEM THEREFORE LEADING TO CHALLENGES IN ESTIMATING THE RELIABILITY OF THESE SYSTEMS AGAINST SEVERE WINDSTORMS. THIS RESEARCH SEEKS TO DEFINE A NEW PARADIGM FOR SOLVING THIS PROBLEM THROUGH THE DEVELOPMENT OF PROBABILISTIC DYNAMIC SHAKEDOWN FRAMEWORKS FOR THE INELASTIC ANALYSIS OF WIND-EXCITED STRUCTURES. THESE METHODS HAVE THE POTENTIAL TO PROVIDE TOOLS THAT ENABLE THE RAPID EVALUATION AS COMPARED TO TIME-HISTORY INTEGRATION OF THE POST-ELASTIC RELIABILITY OF A WIDE CLASS OF HIGH-RISE STRUCTURES." | $31,698 |
CHARLES PANKOW FOUNDATION PURPOSE: RGA 02-21 - THIS RESEARCH SEEKS TO DEVELOP AND EXPERIMENTALLY VALIDATE BOLTED SPLICE DETAILS FOR COMPOSITE PLATE SHEAR WALLS-CONCRETE FILLED CPSW-CF TO ENABLE NATIONWIDE APPLICATION OF THIS STRUCTURAL SYSTEM. THE USE OF CPSW-CF STRUCTURES LEVERAGE STEEL PRE-FABRICATION IN THE SHOP AND STAY-IN-PLACE FORMWORK TO REDUCE THE TIME SPENT ON -SITE AND ACCELERATE THE CONSTRUCTION SCHEDULE. PROFESSOR MICHEL BRUNEAU FROM THE UNIVERSITY OF BUFFALO SERVES AS THE PRINCIPAL INVESTIGATOR. | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Magnusson Klemencic Associates Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Charles Pankow Foundation Pasadena, CA PURPOSE: UNRESTRICTED/GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Fund Beaverton, OR | $118,722,969 | $115,823,271 |
Greater Good Charities Seattle, WA | $7,916,385 | $76,960,540 |
Tisbest Philanthropy Seattle, WA | $1,169,318 | $11,028,187 |
Omprakash Inc Seattle, WA | $1,303,902 | $8,335,902 |
Momsrising Education Fund Bellevue, WA | $13,735,648 | $12,363,267 |
Community In Action Ontario, OR | $2,870,959 | $6,588,152 |
Tsf Services Seattle, WA | $41,582 | $5,196,264 |
Invested Renton, WA | $10,800,874 | $5,096,103 |
Malaria No More Fund Seattle, WA | $7,196,882 | $3,765,133 |
Emergency Feeding Program Of Seattle & King County Renton, WA | $889,754 | $3,848,246 |
Seattle International Foundation Seattle, WA | $3,557,476 | $2,971,233 |
Arctic Slope Community Foundation Anchorage, AK | $12,635,878 | $4,961,869 |