Washington State Patrol Memorial Foundation
- Assets
- $1.8m
- Revenue
- $453.3k
- Investments
- $837.7k
- Employees
- 1
- Location
- Prosser, WA
- Founding
- 02/1984
- Data as of
- 09/2023
- EIN
- 91-1222555
Organization Overview
Washington State Patrol Memorial Foundation is located in Prosser, WA. The organization was established in 1984. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Washington State Patrol Memorial 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 09/2023, Washington State Patrol Memorial Foundation generated $453.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $211.9k during the year ending 09/2023. While expenses have increased by 0.9% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE MEMORY OF WASHINGTON STATE PATROL FALLEN OFFICERS AND TO PROVIDE ASSISTANCE TO ACTIVE AND RETIRED WASHINGTON STATE PATROL EMPLOYERS AND THEIR FAMILIES IN TIMES OF NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WASHINGTON STATE PATROL MEMORIAL FOUNDATION WAS FOUNDED IN 1982 EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND BENEVOLENT PURPOSES UNDER SECTION 501C3 OF THE INTERNAL REVENUE CODE. THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO WASHINGTON STATE PATROL EMPLOYEES WHO BECOME DISABLED IN THE LINE OF DUTY, TO SURVIVING SPOUSES AND CHILDREN OF FALLEN OFFICERS AND EMPLOYEES WHO DIE IN THE LINE OF DUTY, AND FOR THE FAMILIES OF EMPLOYEES IMPACTED BY CATASTROPHIC INJURY OR ILLNESS. THE FOUNDATION ALSO HAS AN EDUCATION SCHOLARSHIP PROGRAM FOR EMPLOYEES OR DEPENDENT CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan King Executive Director/manager | Officer | 40 | $60,117 |
Darren Wright President | OfficerTrustee | 2 | $0 |
Heather Davis Vice-President | OfficerTrustee | 2 | $0 |
Debbie Carter Secretary | OfficerTrustee | 2 | $0 |
Kelly Gregerson Director | Trustee | 2 | $0 |
Briar Stanley Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $94,021 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,028 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $269,049 |
| Total Program Service Revenue | $0 |
| Investment income | $101,598 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $82,656 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $453,308 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $46,609 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,117 |
| Compensation of current officers, directors, key employees. | $60,117 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $115 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,197 |
| Office expenses | $14,045 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,954 |
| Travel | $8,394 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $742 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,380 |
| Insurance | $5,736 |
| All other expenses | $0 |
| Total functional expenses | $211,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,312 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $557,296 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $24,279 |
| Investments—publicly traded securities | $300,727 |
| Investments—other securities | $837,746 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,808,360 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $20,885 |
| Total liabilities | $20,885 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,787,475 |
| Total liabilities and net assets/fund balances | $1,808,360 |