Seattle Education Foundation
- Assets
- $5.0m
- Revenue
- $250.0k
- Investments
- $5.0m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 07/1933
- Data as of
- 12/2022
- EIN
- 91-0584099
Organization Overview
Seattle Education Foundation, operating under the name Foundation House at Bothell, is located in Seattle, WA. The organization was established in 1933. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation House at Bothell 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, Foundation House at Bothell generated $250.0k 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 (32.0%) each year. All expenses for the organization totaled $332.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (27.8%) per year over the past 8 years. 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 Mission:
Part 3 - Line 1
OPERATION OF AN ASSISTED LIVING FACILITY FOR SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING FOR SENIOR CITIZENS AS WELL AS QUALIFIED SEATTLE PUBLIC SCHOOL EMPLOYEES AND FAMILY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Thorp President | 0 | $2,505 | |
Jim Oftebro Treas-Vp | 0 | $1,245 | |
Katie Aldridge Secretary | 0 | $1,245 | |
Eric Benson Trustee | 0 | $1,245 | |
Bihoa Caldwell Trustee | 0 | $1,525 | |
Mary Henry Trustee | 0 | $1,245 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,040 |
| Dividends & Interest | $115,890 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $127,954 |
| Capital Gain Net Income | $127,954 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $97 |
| Total Revenue | $249,981 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,025 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,438 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45,180 |
| Total operating and administrative expenses | $67,693 |
| Contributions, gifts, grants paid | $265,156 |
| Total expenses and disbursements | $332,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,140 |
| 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 | $2,469 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,028,480 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,042,089 |
| 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, Seattle Education Foundation has awarded $140,931 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEATTLE PUBLIC SCHOOLS TEACHER GRANTS PURPOSE: TO FURTHER THE CAUSE OF PUBLIC EDUCATION IN WA STATE FOR LOWER INCOME STUDENTS. | $132,302 |
SEATTLE PUBLIC SCHOOLS SOUTH LAKE HS GRANT PURPOSE: TO FURTHER THE CAUSE OF PUBLIC EDUCATION AT SOUTHLAKE HIGH SCHOOL IN WA STATE, FOR LOW INCOME STUDENTS. | $8,629 |