Teel Charitable Foundation
- Assets
- $6.2m
- Revenue
- $547.4k
- Investments
- $6.1m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 10/1979
- Data as of
- 12/2021
- EIN
- 91-1083941
Organization Overview
Teel Charitable Foundation is located in Seattle, WA. The organization was established in 1979. 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. Teel Charitable 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 12/2021, Teel Charitable Foundation generated $547.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $361.5k during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 4 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 2019, Teel Charitable Foundation has awarded 69 individual grants totaling $930,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Feir President | 0 | $0 | |
Charles Teel Vice Preside | 0 | $0 | |
Sonja Ringsrud Secretary | 0 | $0 | |
Daryl Vander Pol Director | 0 | $0 | |
Molly Oien Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $648 |
| Dividends & Interest | $179,770 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $368,724 |
| Capital Gain Net Income | $332,040 |
| Net ST Capital Gain | $323,033 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,702 |
| Total Revenue | $547,440 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49,834 |
| Total operating and administrative expenses | $52,484 |
| Contributions, gifts, grants paid | $309,000 |
| Total expenses and disbursements | $361,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $135,342 |
| 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 | $0 |
| Investments—other | $6,070,407 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,205,749 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Teel Charitable Foundation has awarded $309,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: INTERNSHIP PROGRAM, CHILD ADVOCACY | $85,000 |
Seattle, WA PURPOSE: SCHOLARSHIP FUND | $40,000 |
CROSSPOINT ACADEMY PURPOSE: CONSTRUCTION AND DECA PROGRAM | $25,750 |
Silverdale, WA PURPOSE: SCHOLARSHIPS AND CAMPS | $25,750 |
WARM BEACH CHRISTIAN CAMPS PURPOSE: HORSE BARN AND PROGRAM | $23,000 |
Silverdale, WA PURPOSE: MAZATLAN SCHOOL | $14,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Friday Foundation Medina, WA | $32,805,393 | $16,602 |
Rasmuson Foundation Anchorage, AK | $851,377,242 | $102,826,089 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Intel Foundation Hillsboro, OR | $50,440,341 | $47,262 |
Roots And Wings Foundation Inc Seattle, WA | $315,937,030 | $249,888,695 |
Schultz Family Foundation Seattle, WA | $463,519,339 | $158,807,992 |
The Lemelson Foundation Portland, OR | $488,510,181 | $33,726,014 |
Norcliffe Foundation Seattle, WA | $18,121,640 | $25,144,033 |
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |