Bergquist Foundation
- Assets
- $2.1m
- Revenue
- $57.4k
- Investments
- $2.1m
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 03/1994
- Data as of
- 12/2023
- EIN
- 91-1621484
Organization Overview
Bergquist Foundation is located in Spokane, WA. The organization was established in 1994. 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. Bergquist 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, Bergquist Foundation generated $57.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $267.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bergquist Foundation has awarded 115 individual grants totaling $1,356,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASH DONATION TO 501(C)3 ORGANIZATIONS, SELECTION OF CHARITIES, ACCOUNTING COSTS, VARIOUS DIRECTLY RELATED EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Roberts President/director | 1.3 | $6,500 | |
Maxine Lammers Director | 1 | $5,000 | |
Scott Simpson Director | 1.3 | $6,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,521 |
| Dividends & Interest | $47,633 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,719 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,435 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,794 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16 |
| Total operating and administrative expenses | $44,582 |
| Contributions, gifts, grants paid | $222,500 |
| Total expenses and disbursements | $267,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,571 |
| 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 | $682,369 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,087,467 |
| 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, Bergquist Foundation has awarded $222,500 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ANNA SCHINDLER FOUNDATION PURPOSE: TO SUPPORT CHARITABLE OPERATIONS | $5,000 |
BOYS AND GIRLS CLUB OF SPOKANE COUNTY PURPOSE: TO SUPPORT CHARITABLE OPERATIONS | $2,500 |
COMMUNITIES IN SCHOOL SPOKANE PURPOSE: TO SUPPORT CHARITABLE OPERATIONS | $5,000 |
FAMILY PROMISE OF SPOKANE PURPOSE: TO SUPPORT CHARITABLE OPERATIONS | $2,500 |
FRIENDS OF KSPS TV PURPOSE: TO SUPPORT CHARITABLE OPERATIONS | $7,500 |
NORTHWEST MUSEUM OF ARTS CULTURE PURPOSE: TO SUPPORT CHARITABLE OPERATIONS | $12,500 |