Medina Foundation
- Assets
- $92.5m
- Revenue
- $3.9m
- Investments
- $91.3m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 08/1949
- Data as of
- 12/2022
- EIN
- 91-0745225
Organization Overview
Medina Foundation is located in Seattle, WA. The organization was established in 1949. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Medina 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, Medina Foundation generated $3.9m 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 (8.8%) each year. All expenses for the organization totaled $6.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Medina Foundation has awarded 2,118 individual grants totaling $40,538,562. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Teunon Executive Director | 40 | $204,113 | |
Jill Gardner President | 2 | $0 | |
Steve Gant Vice President | 2 | $0 | |
Jean Gardner Treasurer | 2 | $0 | |
Elizabeth Williams Secretary | 2 | $0 | |
Gail Gant Past President | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldman Sachs | 12/30/19 | $116,725 |
Laird Norton Wealth Management | 12/30/19 | $63,969 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,500,000 |
| Interest on Savings | $6,659 |
| Dividends & Interest | $1,948,826 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $412,893 |
| Capital Gain Net Income | $412,893 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,868,378 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $204,113 |
| Other employee salaries and wages | $337,330 |
| Pension plans, employee benefits | $130,001 |
| Interest | $0 |
| Taxes | $20,000 |
| Depreciation | $0 |
| Occupancy | $59,012 |
| Travel, conferences, and meetings | $50,509 |
| Printing and publications | $4,717 |
| Other expenses | $45,630 |
| Total operating and administrative expenses | $1,136,584 |
| Contributions, gifts, grants paid | $5,744,156 |
| Total expenses and disbursements | $6,880,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,441 |
| Savings and temporary cash investments | $641,358 |
| 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 | $20,780 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,040,093 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $254,865 |
| Total assets | $92,483,833 |
| Accounts payable and accrued expenses | $26,377 |
| Grants payable | $1,785,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $174,918 |
| Total liabilities | $1,986,295 |
Grants Awarded
Over the last fiscal year, Medina Foundation has awarded $6,279,156 in support to 293 organizations.
| Grant Recipient | Amount |
|---|---|
A STEP AHEAD PURPOSE: BOOST PROGRAM | $15,000 |
ABUSED DEAF WOMEN'S ADVOCACY SERVICES PURPOSE: GENERAL OPERATING | $30,000 |
ADA DEVELOPERS ACADEMY PURPOSE: WRAPAROUND SUPPORTS FOR LOW-INCOME & BIPOC STUDENTS | $25,000 |
AMARA PURPOSE: GENERAL OPERATING | $40,000 |
AMARA PURPOSE: TRUSTEE 75TH ANNIVERSARY GRANT | $5,000 |
ARTS CORPS PURPOSE: RFP - PROFESSIONAL DEVELOPMENT | $5,000 |