Greater Tacoma Community Foundation
- Assets
- $162.8m
- Revenue
- $34.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Tacoma, WA
- Founding
- 03/1978
- Data as of
- 12/2022
- EIN
- 91-1007459
Organization Overview
Greater Tacoma Community Foundation is located in Tacoma, WA. The organization was established in 1978. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Greater Tacoma Community Foundation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Tacoma Community 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, Greater Tacoma Community Foundation generated $34.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $11.9m during the year ending 12/2022. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Greater Tacoma Community Foundation has awarded 3,350 individual grants totaling $63,107,817. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING PEOPLE, KNOWLEDGE, AND FUNDING TO BUILD A THRIVING PIERCE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREATER TACOMA COMMUNITY FOUNDATION DELIVERED MORE THAN $9.6 MILLION TO THE COMMUNITY THROUGH DONOR-ADVISED GRANTS, SUPPORT FOR EXPANDED LEARNING OPPORTUNITIES THROUGHOUT PIERCE COUNTY, FUNDING FOR COMMUNITY-DRIVEN CIVIC ENGAGEMENT, BASIC NEEDS, UNRESTRICTEDGENERAL OPERATING GRANTS, IMPACT INVESTING, COMMUNITY KNOWLEDGE FACILITATION, NETWORK BUILDING, AND PHILANTHROPIC EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Art Wang Chair | OfficerTrustee | 2 | $0 |
Lori Forte Harnick Vice Chair | OfficerTrustee | 2 | $0 |
Priscilla Lisicich Secretary | OfficerTrustee | 1 | $0 |
Brian Green Treasurer | OfficerTrustee | 2 | $0 |
Beverly Cox Director | Trustee | 0.5 | $0 |
Jacques Colon Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,063 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,508,362 |
| Noncash contributions included in lines 1a–1f | $3,567,480 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,536,425 |
| Total Program Service Revenue | $0 |
| Investment income | $4,826,929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,402 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,414,897 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,918,167 |
| Grants and other assistance to domestic individuals. | $416,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $110,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $544,088 |
| Compensation of current officers, directors, key employees. | $236,527 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,404,246 |
| Pension plan accruals and contributions | $118,761 |
| Other employee benefits | $159,758 |
| Payroll taxes | $154,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,150 |
| Fees for services: Accounting | $47,977 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $177,392 |
| Fees for services: Other | $238,909 |
| Advertising and promotion | $61,545 |
| Office expenses | $49,588 |
| Information technology | $139,287 |
| Royalties | $0 |
| Occupancy | $176,767 |
| Travel | $662 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,462 |
| Interest | $178 |
| Payments to affiliates | $21,881 |
| Depreciation, depletion, and amortization | $13,790 |
| Insurance | $15,472 |
| All other expenses | $0 |
| Total functional expenses | $11,943,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295,387 |
| Savings and temporary cash investments | $27,804,149 |
| Pledges and grants receivable | $1,625,221 |
| 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 | $235,634 |
| Net Land, buildings, and equipment | $16,814 |
| Investments—publicly traded securities | $125,343,596 |
| Investments—other securities | $0 |
| Investments—program-related | $846,782 |
| Intangible assets | $0 |
| Other assets | $6,650,636 |
| Total assets | $162,818,219 |
| Accounts payable and accrued expenses | $349,817 |
| Grants payable | $175,250 |
| Deferred revenue | $118,629 |
| 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 | $2,404,977 |
| Total liabilities | $3,048,673 |
| Net assets without donor restrictions | $148,807,033 |
| Net assets with donor restrictions | $10,962,513 |
| 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 | $162,818,219 |
Grants Awarded
Over the last fiscal year, Greater Tacoma Community Foundation has awarded $7,554,296 in support to 157 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY GREAT WEST DIVISION PIERCE COUNTY PURPOSE: OPERATING SUPPORT, PROGRAM SUPPORT | $14,488 |
AMERICAN CIVIL LIBERTIES UNION OF WASHINGTON FOUNDATION PURPOSE: OPERATING SUPPORT | $10,000 |
AMERICAN RED CROSS OF SOUTH PUGET SOUND PURPOSE: OPERATING SUPPORT | $6,069 |
ANNIE WRIGHT SCHOOLS PURPOSE: OPERATING SUPPORT, PROGRAM SUPPORT | $29,800 |
BATTLEFIELD ADDICTION PURPOSE: PROGRAM SUPPORT | $30,000 |
BECAUSE INTERNATIONAL PURPOSE: OPERATING SUPPORT | $8,000 |