Pwh Educational Foundation Inc
- Assets
- $62.5m
- Revenue
- $11.3m
- Investments
- $57.7m
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 04/1995
- Data as of
- 12/2021
- 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 12/2021, Pwh Educational Foundation Inc generated $11.3m 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 (28.9%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2021. 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 |
|---|---|---|---|
Robert Leong Director Thru February 2021 | 40 | $500,000 | |
Ryan Leong President As Of January 2021 | 10 | $0 | |
Tom Gehrig Secretary/tresurer | 2 | $0 | |
Wes Reber Porter Director | 1 | $0 | |
James R Thomas Director | 1 | $0 | |
Diane Magyary Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fenimore Asset Management | 12/30/21 | $155,921 |
Ipi Partners | 12/30/21 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,043,224 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,346,197 |
| Capital Gain Net Income | $10,346,197 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$128,654 |
| Total Revenue | $11,260,767 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $500,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,524 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,854 |
| Total operating and administrative expenses | $849,793 |
| Contributions, gifts, grants paid | $3,710,000 |
| Total expenses and disbursements | $4,559,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,730,089 |
| 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 | $32,319 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,861,546 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $62,473,304 |
| 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 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pwh Educational Foundation Inc has recieved totaling $7,760.
| Awarding Organization | Amount |
|---|---|
University Of Virginia Physicians Group Charlottesville, VA PURPOSE: GENERAL SUPPORT | $7,760 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
College Spark Washington Seattle, WA | $104,693,147 | $3,230,019 |
Idaho Association For The Education Of Young Children Boise, ID | $1,636,700 | $5,141,669 |
Pwh Educational Foundation Inc Spokane, WA | $62,473,304 | $11,260,767 |
Arctic Education Foundation Anchorage, AK | $36,876,877 | $4,892,952 |
College Dreams Inc Grants Pass, OR | $2,542,440 | $3,694,638 |
Calista Education And Culture Inc Anchorage, AK | $4,627,713 | $2,487,452 |
Kmr Group Foundation Vancouver, WA | $32,236,591 | $1,808,486 |
Aleut Foundation Anchorage, AK | $925,739 | $1,724,058 |
R Merle Palmer Minority Scholarship Foundation Tacoma, WA | $1,801,300 | $1,443,994 |
Greater Seattle Business Assoc Scholarship Fund Seattle, WA | $4,889,386 | $1,584,416 |
One Ummah Foundation In Memory Of Mustafa Saeed Rahman Lake Oswego, OR | $1,906,238 | $1,873,006 |