Evertrust Foundation
- Assets
- $6.8m
- Revenue
- $133.5k
- Investments
- $6.6m
- Employees
- 0
- Location
- Everett, WA
- Founding
- 10/1991
- Data as of
- 12/2023
- EIN
- 91-1510567
Organization Overview
Evertrust Foundation is located in Everett, WA. The organization was established in 1991. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Evertrust 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 12/2023, Evertrust Foundation generated $133.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (28.1%) each year. All expenses for the organization totaled $739.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Evertrust Foundation has awarded 168 individual grants totaling $3,046,120. 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 |
|---|---|---|---|
Nancy Kniest President | 3 | $0 | |
Tom Collins Co Vice-President | 2 | $0 | |
Margaret Bavasi Co Vice-President | 1 | $0 | |
Kathy Atwood Director | 1 | $0 | |
Thomas Gaffney Director | 1 | $0 | |
Larry Hanson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $43,331 |
| Dividends & Interest | $118,982 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$30,435 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,639 |
| Total Revenue | $133,517 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $114,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,022 |
| Depreciation | $743 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48,049 |
| Total operating and administrative expenses | $203,414 |
| Contributions, gifts, grants paid | $535,700 |
| Total expenses and disbursements | $739,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $172,942 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,114 |
| Other assets | $30 |
| Total assets | $6,781,982 |
| 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 | $288 |
| Total liabilities | $288 |
Grants Awarded
Over the last fiscal year, Evertrust Foundation has awarded $535,700 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
ASSISTANCE LEAGUE PURPOSE: FUNDING FOR OPERATION SCHOOL BELL | $40,000 |
BOYS AND GIRLS CLUB PURPOSE: MEMORIAL GIFT | $3,500 |
BOYS AND GIRLS CLUB PURPOSE: SUMMER CAMP PROGRAMS | $20,000 |
CAMP FIRE OF SNOHOMISH COUNTY PURPOSE: SUMMER CAMP SCHOLARSHIP SUPPORT | $16,000 |
CHRISTMAS HOUSE PURPOSE: CHRISTMAS HOUSE GIFTS | $8,000 |
COMPANIS MISSION WORKERS ASSOCIATION PURPOSE: GRANT FOR VOLUNTEER PLACEMENTS | $10,000 |