Byron W And Alice L Lockwood Foundation
- Assets
- $17.3m
- Revenue
- $1.5m
- Investments
- $16.2m
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 11/1968
- Data as of
- 12/2022
- EIN
- 91-0833426
Organization Overview
Byron W And Alice L Lockwood Foundation is located in Bellevue, WA. The organization was established in 1968. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Byron W And Alice L Lockwood Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2019, Byron W And Alice L Lockwood Foundation has awarded 167 individual grants totaling $3,590,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly C Kloster Sec-Treas | 10 | $27,900 | |
Kyle T Cressman Trustee | 5 | $8,000 | |
Paul R Cressman Jr President | 30 | $160,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $114,169 |
| Dividends & Interest | $103,480 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $897,409 |
| Capital Gain Net Income | $897,409 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $385,738 |
| Total Revenue | $1,500,796 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $195,900 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,311 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,748 |
| Total operating and administrative expenses | $296,212 |
| Contributions, gifts, grants paid | $1,040,000 |
| Total expenses and disbursements | $1,336,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,466 |
| Savings and temporary cash investments | $977,892 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $1,100,909 |
| Investments—other | $11,245,962 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,283,146 |
| 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 | $446 |
| Total liabilities | $446 |
Grants Awarded
Over the last fiscal year, Byron W And Alice L Lockwood Foundation has awarded $1,040,000 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
ACRES OF DIAMONDS PURPOSE: CHARITABLE | $30,000 |
AGC EDUCATION FOUNDATION PURPOSE: CHARITABLE | $25,000 |
ASSISTANCE LEAGUE OF THE EASTSIDE PURPOSE: CHARITABLE | $15,000 |
ASSISTANCE LEAGUE OF SEATTLE PURPOSE: CHARITABLE | $20,000 |
BIKE WORKS PURPOSE: CHARITABLE | $10,000 |
BRIDGE DISABILITY MINISTRIES PURPOSE: CHARITABLE | $45,000 |