Towne Foundation
- Assets
- $696.8k
- Revenue
- $12.4k
- Investments
- $694.8k
- Employees
- 0
- Location
- Bellingham, WA
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 84-1361895
Organization Overview
Towne Foundation is located in Bellingham, WA. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Towne 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, Towne Foundation generated $12.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $29.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Towne Foundation has awarded 74 individual grants totaling $379,375. 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 |
|---|---|---|---|
Pamela Brown Sankey President | 0 | $0 | |
Carolyn Brown Hawken Vice Preside | 0 | $0 | |
Jessica Sankey Director | 0 | $0 | |
Joel Sankey Director | 0 | $0 | |
Kate Hawken Treasurer | 0 | $0 | |
Emily Hawken Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $50 |
| Dividends & Interest | $26,378 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,998 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,430 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $371 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $279 |
| Total operating and administrative expenses | $2,295 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $29,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,984 |
| Savings and temporary cash investments | $0 |
| 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 | $696,777 |
| 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, Towne Foundation has awarded $27,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
WHATCOM LAND TRUST PURPOSE: LAND AND CRITICAL AREAS PROTECTION | $10,000 |
SKAGIT LAND TRUST PURPOSE: LAND AND CRITICAL AREAS PROTECTION | $10,000 |
ANACORTES FAMILY CENTER PURPOSE: PROVIDE SERVICES FOR HOMELESS FAMILI | $1,750 |
BALLARD FOOD BANK PURPOSE: FEED THE HUNGRY | $1,750 |
BELLINGHAM FOOD BANK PURPOSE: FEED THE HUNGRY | $1,750 |
GRAND CANYON YOUTH PURPOSE: UNIQUE & EDUCATIONAL EXPEDITIONS | $1,750 |