Pwh Educational Foundation Inc
- Assets
- $60.3m
- Revenue
- $110.1k
- Investments
- $59.0m
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 04/1995
- Data as of
- 12/2023
- EIN
- 88-0327058
Organization Overview
Pwh Educational Foundation Inc is located in Spokane, WA. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pwh Educational Foundation Inc 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 12/2023, Pwh Educational Foundation Inc generated $110.1k 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 (55.5%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Leong President | 10 | $0 | |
Tom Gehrig Secretary | 2 | $0 | |
James R Thomas Treasurer | 1 | $0 | |
Wes Reber Porter Director | 1 | $0 | |
Diane Magyary Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ipi Partners | 12/30/21 | $60,000 |
Fenimore Asset Management | 12/30/21 | $155,921 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,231,996 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,030,999 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$90,945 |
| Total Revenue | $110,052 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $19,426 |
| Taxes | $17,680 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,405 |
| Printing and publications | $0 |
| Other expenses | $351 |
| Total operating and administrative expenses | $412,031 |
| Contributions, gifts, grants paid | $1,710,000 |
| Total expenses and disbursements | $2,122,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,335,248 |
| 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 | $31,974 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,164,349 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $60,334,450 |
| 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, Pwh Educational Foundation Inc has awarded $3,537,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY GIFT FUND PURPOSE: CHARITABLE CONTRIBUTIONS FOR USE AT THE DISCRETION OF THE ORGANIZATION | $3,525,000 |
UNIVERSITY OF WISCONSIN FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION FOR USE AT THE DISCRETION OF THE SCHOOL AND FOR EDUCATIONAL SCHOLARSHIPS | $10,000 |
ST JAMES CATHOLIC SCHOOL PURPOSE: CHARITABLE CONTRIBUTION FOR TUITION ASSISTANCE | $2,500 |