K O Erickson Charity Trust Fund
- Assets
- $1.4m
- Revenue
- $48.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Port Angeles, WA
- Founding
- 04/1960
- Data as of
- 12/2023
- EIN
- 91-0646217
Organization Overview
K O Erickson Charity Trust Fund is located in Port Angeles, WA. The organization was established in 1960. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. K O Erickson Charity Trust Fund 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, K O Erickson Charity Trust Fund generated $48.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $62.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, K O Erickson Charity Trust Fund has awarded 41 individual grants totaling $336,653. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NET PROFITS OF THE TRUST'S INVESTMENT ACTIVITIES ARE FOR THE USE AND BENEFIT OF THE FOLLOWING PORT ANGELES BASED ORGANIZATIONS: THE SALVATION ARMY, THE AMERICAN RED CROSS, THE BOY SCOUTS OF AMERICA, THE GIRL SCOUTS OF AMERICA, AND THE PORT ANGELES YMCA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE GIVEN TO THE SALVATION ARMY, YMCA, AMERICAN RED CROSS, BOY SCOUTS AND THE GIRL SCOUTS.
SCHOLARSHIPS TO INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Mckeen Managing Tru | Officer | 4 | $4,800 |
Pat Hyden Sec/treas | Officer | 4 | $4,800 |
Gail Wheatley Trustee | Trustee | 0 | $0 |
Marty Brewer Trustee | Trustee | 1 | $840 |
Matthew Paul Trustee | Trustee | 1 | $840 |
Laura Murray Trustee | Trustee | 1 | $560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $44,844 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,321 |
| Net Gain/Loss on Asset Sales | -$8,035 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,464 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,000 |
| Grants and other assistance to domestic individuals. | $6,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,747 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $237 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $62,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,626 |
| Savings and temporary cash investments | $1,379 |
| 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 | $191,179 |
| Investments—publicly traded securities | $1,229,067 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,431,251 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,200,214 |
| Net assets with donor restrictions | $231,037 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $1,431,251 |
Grants Awarded
Over the last fiscal year, K O Erickson Charity Trust Fund has awarded $32,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE SALVATION ARMY PURPOSE: CONTRIBUTION | $8,000 |
YMCA OF PORT ANGELES PURPOSE: CONTRIBUTION | $8,000 |
GIRLS SCOUTS PURPOSE: CONTRIBUTION | $8,000 |
BOY SCOUTS PURPOSE: CONTRIBUTION | $8,000 |