Fikret Yuksel Foundation
- Assets
- $596.0k
- Revenue
- $306.0k
- Investments
- $469.7k
- Employees
- 0
- Location
- Kent, WA
- Founding
- 11/1998
- Data as of
- 12/2021
- EIN
- 91-1918148
Organization Overview
Fikret Yuksel Foundation is located in Kent, WA. The organization was established in 1998. 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. Fikret Yuksel 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, Fikret Yuksel Foundation generated $306.0k 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 (7.2%) each year. All expenses for the organization totaled $276.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COST OF ROBOT PARTS, TRAVEL, SHIPPING, CUSTOMS TAX, AND OTHER EXPENSES FOR 87 TEAMS CONSISTING OF OVER 1,500 STUDENTS, 200 MENTORS AND 25 VOLUNTEERS FOR FIRST ROBOTICS COMPETITIONS IN THE USA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ayse Selcok Co-Regional Director | 40 | $39,000 | |
Gary Burchard Vp/secretary | 1 | $0 | |
Susan Burchard President/treasurer | 1 | $0 | |
Zoe Burchard Director | 5 | $0 | |
Alex Burchard Director | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,792 |
| Interest on Savings | $18 |
| Dividends & Interest | $288,209 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $306,019 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $6,858 |
| Interest | $0 |
| Taxes | $10 |
| Depreciation | $0 |
| Occupancy | $34,073 |
| Travel, conferences, and meetings | $6,709 |
| Printing and publications | $0 |
| Other expenses | $110,809 |
| Total operating and administrative expenses | $201,573 |
| Contributions, gifts, grants paid | $74,900 |
| Total expenses and disbursements | $276,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,311 |
| Savings and temporary cash investments | $0 |
| 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 | $595,997 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $3,195 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,195 |
Grants Awarded
Over the last fiscal year, Fikret Yuksel Foundation has awarded $74,900 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GRANT FOR GENERAL EDUCATION PURPOSES | $58,650 |
FIRST FOR INSPIRATION PURPOSE: GRANT FOR GENERAL EDUCATION PURPOSES | $16,250 |
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 |