Medina Foundation
- Assets
- $101.6m
- Revenue
- $2.8m
- Investments
- $100.9m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 08/1949
- Data as of
- 12/2020
- 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 12/2020, Medina Foundation generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Medina Foundation has awarded 1,554 individual grants totaling $30,944,722. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Teunon Executive Director | 40 | $200,133 | |
Aana Lauckhart Program Officer | 40 | $124,200 | |
Jessica Case Program Officer | 40 | $120,053 | |
Alexia Cameron Grants Administrator | 30 | $70,072 | |
Jill Gardner President | 2 | $0 | |
Steve Gant Vice President | 2 | $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 | $0 |
| Interest on Savings | $1,365 |
| Dividends & Interest | $2,263,878 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $570,867 |
| Capital Gain Net Income | $570,867 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $789 |
| Total Revenue | $2,836,899 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,133 |
| Other employee salaries and wages | $316,371 |
| Pension plans, employee benefits | $121,320 |
| Interest | $0 |
| Taxes | $18,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,549 |
| Printing and publications | $13,831 |
| Other expenses | $64,033 |
| Total operating and administrative expenses | $983,820 |
| Contributions, gifts, grants paid | $4,264,124 |
| Total expenses and disbursements | $5,247,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,418 |
| Savings and temporary cash investments | $355,996 |
| 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 | $11,618 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,832,480 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $32,955 |
| Total assets | $101,561,812 |
| Accounts payable and accrued expenses | $29,136 |
| Grants payable | $620,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $649,136 |
Grants Awarded
Over the last fiscal year, Medina Foundation has awarded $10,018,248 in support to 478 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, OR PURPOSE: TACOMA REPLICATION PROJECT | $200,000 |
Portland, OR PURPOSE: TACOMA REPLICATION PROJECT | $200,000 |
YWCA OF TACOMA & PIERCE COUNTY PURPOSE: HOME AT LAST HOUSING PROJECT AND GENERAL OPERATING | $60,000 |
YWCA OF TACOMA & PIERCE COUNTY PURPOSE: HOME AT LAST HOUSING PROJECT AND GENERAL OPERATING | $60,000 |
Seattle, WA PURPOSE: GENERAL OPERATING | $60,000 |
Seattle, WA PURPOSE: GENERAL OPERATING | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Stem Center Seattle, WA | $144,962,083 | $51,456,581 |
Club For The Future Kent, WA | $9,001,115 | $28,277,868 |
Oregon State University Bookstore Inc Corvallis, OR | $21,771,941 | $7,845,956 |
Cook Inlet Native Head Start Anchorage, AK | $12,985,374 | $6,716,000 |
Medina Foundation Seattle, WA | $101,561,812 | $2,836,899 |
Rainier Scholars Seattle, WA | $11,460,541 | $8,396,083 |
Salmon Public School Foundation Inc Salmon, ID | $1,849,221 | $774,057 |
People Sustaining Kings Valley Philomath, OR | $523,239 | $3,683,416 |
Idaho Virtual Education Partners Incorporated Star, ID | $2,036,199 | $3,090,250 |
Abiqua School Foundation Salem, OR | $1,742,920 | $3,255,719 |
Degrees Of Change Tacoma, WA | $2,092,589 | $1,696,414 |
Housing Northwest Corvallis Incorporated Portland, OR | $13,396,336 | $2,754,384 |