Think Forward Foundation
- Assets
- $3.0m
- Revenue
- $186.8k
- Investments
- $2.7m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 84-3397271
Organization Overview
Think Forward Foundation is located in Seattle, WA. The organization was established in 2020. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Think Forward 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, Think Forward Foundation generated $186.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (59.2%) each year. All expenses for the organization totaled $39.2k during the year ending 12/2022. 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
HOSTED A FUNDRAISING EVENT ON SEPTEMBER 25, 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen M Gonser President/treasurer | 2 | $0 | |
Thomas H Gonser Vice President/secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,987 |
| Interest on Savings | $3,735 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $173,969 |
| Capital Gain Net Income | $173,969 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $66 |
| Total Revenue | $186,757 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $39,215 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $39,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,330 |
| 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 | -$52,545 |
| Total assets | $2,970,080 |
| 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, Think Forward Foundation has awarded $3,684,858 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GOLDMAN SACHS PHILANTHROPHY FUND PURPOSE: DONOR ADVISED FUND | $3,391,625 |
GOLDMAN SACHS PHILANTHROPHY FUND PURPOSE: DONOR ADVISED FUND | $293,233 |