Wa Therapy Fund Foundation
- Assets
- $467.8k
- Revenue
- $900.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Seattle, WA
- Founding
- Data as of
- 12/2022
- EIN
- 85-2607648
Organization Overview
Wa Therapy Fund Foundation is located in Seattle, WA. According to its NTEE Classification (F12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, WA Therapy Fund Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. WA Therapy Fund 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, WA Therapy Fund Foundation generated $900.3k in total revenue. All expenses for the organization totaled $495.8k during the year ending 12/2022. While expenses have increased by 107.7% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ELIMINATE BARRIERS TO BLACK HEALING
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT THE TUITION COSTS OF BLACK CLINICIANS WHO WILL SERVE THIS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Mcgirt CEO | OfficerTrustee | 40 | $124,800 |
Deaunte Damper Vice President | OfficerTrustee | 4 | $2,000 |
Darylllyn Harris-Waller Secretary | OfficerTrustee | 4 | $0 |
David Coven Treasurer | OfficerTrustee | 4 | $0 |
Huston Adair Board Member | Trustee | 4 | $0 |
Amy Lokoff Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $448,140 |
| All other contributions, gifts, grants, and similar amounts not included above | $451,476 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $899,616 |
| Total Program Service Revenue | $0 |
| Investment income | $62 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $900,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,504 |
| Grants and other assistance to domestic individuals. | $8,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,451 |
| Compensation of current officers, directors, key employees. | $39,613 |
| Compensation to disqualified persons | $96,179 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,055 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,622 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,097 |
| Office expenses | $33,179 |
| 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 | $0 |
| Insurance | $696 |
| All other expenses | $781 |
| Total functional expenses | $495,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,633 |
| Savings and temporary cash investments | $245,064 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,053 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $467,750 |
| Accounts payable and accrued expenses | $26,833 |
| 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 | $26,833 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $440,917 |
| 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 | $467,750 |
Grants Awarded
Over the last fiscal year, Wa Therapy Fund Foundation has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWEST TRAIL ALLIANCE PURPOSE: ENGAGE, EDUCATE, AND PROVIDE RESOURCES/SERVICES TO OUR COMMUNITY. | $15,000 |
THE SILENT TASK FORCE PURPOSE: TO CREATE, ENHANCE, AND PROTECT MOUNTAIN BIKE RIDING OPPORTUNITIES; TO ADVOCATE FOR TRAIL ACCESS; TO PROMOTE RESPONSIBLE MOUNTAIN BIKING; AND TO BUILD, MAINTAIN, AND RIDE SUSTAINABLE TRAILS. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edge Foundation Seattle, WA | $408,202 | $1,195,337 |
Wa Therapy Fund Foundation Seattle, WA | $467,750 | $900,283 |
Kittitas County Recovery Community Organization Ellensburg, WA | $213,079 | $299,655 |
Lynch Foundation Inc Burley, ID | $37,174 | $163,595 |
Residence Xii Foundation Woodinville, WA | $3,013,421 | $90,364 |
Amvets Service Foundation Department Of Washington Tacoma, WA | $24,368 | $0 |
Journey To Healing Foundation Eagle Point, OR | $147,480 | $0 |
Thomas Batterman Mental Health Project Elkton, OR | $56,553 | $0 |
Stephanieshope Marysville, WA | $18,244 | $0 |
Graham And Ruby Delaet Foundation Inc Eagle, ID | $38,237 | $10,001 |
Erick Shirley Foundation For Mental Health Seattle, WA | $0 | $0 |