Richard And Lois Worthington Foundation
- Assets
- $5.4m
- Revenue
- $529.4k
- Investments
- $5.0m
- Employees
- 0
- Location
- Anacortes, WA
- Founding
- 09/1999
- Data as of
- 12/2021
- EIN
- 91-1909665
Organization Overview
Richard And Lois Worthington Foundation is located in Anacortes, WA. The organization was established in 1999. 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. Richard And Lois Worthington 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 12/2021, Richard And Lois Worthington Foundation generated $529.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $366.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Richard And Lois Worthington Foundation has awarded 110 individual grants totaling $1,744,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Matheson 2nd V Pres | 0 | $0 | |
Molly Hendricks 1st V Pres | 0 | $0 | |
Katherine Metcalf Secretary | 0 | $0 | |
B Michael Matheson Treasurer | 0 | $0 | |
Barbara Matheson President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,060 |
| Dividends & Interest | $244,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $273,346 |
| Capital Gain Net Income | $138,057 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,017 |
| Total Revenue | $529,363 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,446 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $41,226 |
| Contributions, gifts, grants paid | $325,000 |
| Total expenses and disbursements | $366,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $397,953 |
| 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 | $5,401,708 |
| 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, Richard And Lois Worthington Foundation has awarded $325,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Anacortes, WA PURPOSE: GENERAL SUPPORT ACTIVITIES | $115,000 |
Mount Vernon, WA PURPOSE: GENERAL SUPPORT ACTIVITIES | $75,000 |
ANACORTES COMMUNITY SHELTER PURPOSE: GENERAL SUPPORT ACTIVITIES | $35,000 |
WESTMINISTER PRESBYTERIAN CHURCH PURPOSE: FOOD TO GO | $35,000 |
Anacortes, WA PURPOSE: MENTAL HEALTH - ANACORTES MIDDLE SCH | $30,000 |
RICHARD C WORTHINGTON JUNIOR CITIZE PURPOSE: SCHOLARSHIPS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Friday Foundation Medina, WA | $32,805,393 | $16,602 |
Rasmuson Foundation Anchorage, AK | $851,377,242 | $102,826,089 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Intel Foundation Hillsboro, OR | $50,440,341 | $47,262 |
Roots And Wings Foundation Inc Seattle, WA | $315,937,030 | $249,888,695 |
Schultz Family Foundation Seattle, WA | $463,519,339 | $158,807,992 |
The Lemelson Foundation Portland, OR | $488,510,181 | $33,726,014 |
Norcliffe Foundation Seattle, WA | $18,121,640 | $25,144,033 |
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |