Pacific Northwest Ballet Foundation

Organization Overview

Pacific Northwest Ballet Foundation is located in Seattle, WA. The organization was established in 1997. According to its NTEE Classification (A63) the organization is classified as: Ballet, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Northwest Ballet 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 06/2021, Pacific Northwest Ballet Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $931.3k during the year ending 06/2021. While expenses have increased by 1.1% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PACIFIC NORTHWEST BALLET FOUNDATION SUPPORTS THE ACTIVITIES OF THE PACIFIC NORTHWEST BALLET ASSOCIATION, A NON-PROFIT PROFESSIONAL BALLET COMPANY AND SCHOOL, THROUGH DISTRIBUTIONS OF THE ENDOWMENT FUNDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PACIFIC NORTHWEST BALLET FOUNDATION'S MISSION IS TO MAXIMIZE THE GROWTH OF ITS ENDOWMENT FUNDS THROUGH GIFTS AND INVESTMENTS INCOME, WHILE SUPPORTING PACIFIC NORTHWEST BALLET ASSOCIATION WITH DISTRIBUTIONS FROM THE ENDOWMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Dan Kingston
President
$0
Carl Behnke
Vice President
$0
Peter Horvitz
Chair
$0
Dan Heidt
Treasurer
$0
Joan Fitzmaurice
Secretary
$0
Aya Hamilton
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$210,287
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$35,364
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$245,651
Total Program Service Revenue$0
Investment income $282,793
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,576,544
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,104,988

Grants Recieved

Over the last fiscal year, we have identified 23 grants that Pacific Northwest Ballet Foundation has recieved totaling $854,324.

Awarding OrganizationAmount
Fairview Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$550,000
M J Murdock Charitable Trust

Vancouver, WA

PURPOSE: PNB IDEA CONTINUUM

$75,000
Neukom Family Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$50,000
Glenn H Kawasaki Foundation

Seattle, WA

PURPOSE: SPONSOR NEW WORKS AND GENERAL FUND

$40,000
Glenn H Kawasaki Foundation

Seattle, WA

PURPOSE: N A

$35,000
Jerome Robbins Foundation

New York, NY

PURPOSE: CHARITABLE PURPOSES

$30,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$20,779,107
Earnings$6,763,838
Admin Expense$86,267
Net Contributions$237,652
Grants$845,000
Ending Balance$26,849,330

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