Roundglass Foundation
- Assets
- $20.2m
- Revenue
- $25.4m
- Investments
- $0.0
- Employees
- 1
- Location
- Bellevue, WA
- Founding
- 10/2018
- Data as of
- 12/2022
- EIN
- 82-3556226
Organization Overview
Roundglass Foundation is located in Bellevue, WA. The organization was established in 2018. According to its NTEE Classification (T02) the organization is classified as: Management & Technical Assistance, 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. Roundglass 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, Roundglass Foundation generated $25.4m in total revenue. All expenses for the organization totaled $5.3m during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOLISTIC WELLBEING ENVIRONMENTAL AND SOCIAL CHANGE THROUGH EDUCATION SPORT AND SOCIAL COMMUNITY BASED INITIATIVES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT GRANTS TO QUALIFIED ORGANIZATIONS SUPPORTING GLOBAL HEALTH, ENVIRONMENTAL, AND SOCIAL PROGRAMS FOR UNDERSERVED AREAS.
DEVELOP AND EXPAND AVAILABLE YOUTH SPORTS FACILITIES FOR LOCAL COMMUNITY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virendra Prasad President | Officer | 2.5 | $0 |
Anil Garg Secretary | Officer | 2.5 | $0 |
Thomas Falkner Vice President | Officer | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $117,304 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,126,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,243,304 |
| Total Program Service Revenue | $105,521 |
| Investment income | $28,987 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,376,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $135,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,725,155 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,258 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,697 |
| Payroll taxes | $8,927 |
| Fees for services: Management | $689,819 |
| Fees for services: Legal | $20,685 |
| Fees for services: Accounting | $4,468 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $126,218 |
| Advertising and promotion | $0 |
| Office expenses | $3,813 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $184,429 |
| Insurance | $42,892 |
| All other expenses | $2,608 |
| Total functional expenses | $5,348,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,055,021 |
| Savings and temporary cash investments | $4,018,668 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,518 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $15,110,633 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,192,840 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $20,192,840 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,192,840 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roundglass Foundation Bellevue, WA | $20,192,840 | $25,376,012 |
Evergreen Social Impact Bothell, WA | $53,386,542 | $3,368,052 |
B1g1 Giving Portland, OR | $333,846 | $1,794,961 |
Alaska Village Initiatives Anchorage, AK | $1,532,146 | $1,695,848 |
Social Venture Partners International Seattle, WA | $2,846,916 | $1,734,800 |
Idaho Nonprofit Center Inc Boise, ID | $609,613 | $906,826 |
Swedemom Center Of Giving Mcminnville, OR | $22 | $347,140 |
Orcasong Institute Portland, OR | $820,881 | $49,495 |
Puget Sound Grantwriters Association Olympia, WA | $80,863 | $0 |
Givingstream Inc Boise, ID | $879,586 | $879,586 |