Orrico Foundation
- Assets
- $406.3k
- Revenue
- $309.4k
- Investments
- $248.0k
- Employees
- 0
- Location
- Redmond, WA
- Founding
- 08/1993
- Data as of
- 12/2022
- EIN
- 91-1597380
Organization Overview
Orrico Foundation is located in Redmond, WA. The organization was established in 1993. 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. Orrico 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, Orrico Foundation generated $309.4k in total revenue. All expenses for the organization totaled $200.1k during the year ending 12/2022. While expenses have increased by 29.8% 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.
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 |
|---|---|---|---|
Brent Orrico President | 2 | $0 | |
Paul Orrico Secretary | 0 | $0 | |
Mark Orrico Vice-President | 0 | $0 | |
Dan Kettman Treasurer | 1 | $0 | |
Dean Orrico Director | 0 | $0 | |
Diane Kettman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24 |
| Dividends & Interest | $6,392 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $302,946 |
| Capital Gain Net Income | $302,946 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $309,362 |
| 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 | $100 |
| Total operating and administrative expenses | $100 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $200,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $158,345 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $406,326 |
| 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, Orrico Foundation has awarded $200,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF PORTLAND PURPOSE: EDUCATION | $100,000 |
SEATTLE CHILDREN'S HOSPITAL FND PURPOSE: MEDICAL RESEARCH | $100,000 |