Apex Foundation
- Assets
- $126.4m
- Revenue
- $451.1k
- Investments
- $112.8m
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 05/1999
- Data as of
- 12/2021
- EIN
- 91-1950397
Organization Overview
Apex Foundation is located in Bellevue, 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. Apex 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, Apex Foundation generated $451.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (59.3%) each year. All expenses for the organization totaled $7.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Apex Foundation has awarded 648 individual grants totaling $16,285,769. 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 |
|---|---|---|---|
Craig W Stewart President | 30 | $207,404 | |
Aurelie Mckinstry Executive Director/secreta | 40 | $172,484 | |
Ryan Porter Treasurer | 20 | $145,874 | |
Jean-Pierre Laurent Program Director Lgm | 40 | $100,786 | |
Erin Edelbrock Grants & Office Admi | 40 | $92,700 | |
Bruce R Mccaw Vice President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,083 |
| Dividends & Interest | $2,180,931 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,788,840 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $53,929 |
| Total Revenue | $451,103 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $525,762 |
| Other employee salaries and wages | $291,366 |
| Pension plans, employee benefits | $79,564 |
| Interest | $5,107 |
| Taxes | $122,723 |
| Depreciation | $2,892 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $505,223 |
| Total operating and administrative expenses | $1,550,539 |
| Contributions, gifts, grants paid | $5,901,248 |
| Total expenses and disbursements | $7,451,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $504,804 |
| Savings and temporary cash investments | $690,258 |
| 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 | $4,584,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $112,773,396 |
| Net Land, buildings, and equipment | $7,523 |
| Other assets | $7,807,143 |
| Total assets | $126,367,624 |
| 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 | $2,029 |
| Total liabilities | $2,029 |
Grants Awarded
Over the last fiscal year, Apex Foundation has awarded $10,802,502 in support to 412 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: PROGRAM SUPPORT | $750,000 |
New York, NY PURPOSE: PROGRAM SUPPORT | $750,000 |
MUSEUM OF FLIGHT PURPOSE: GREATEST NEED/ UNRESTRICTED SUPPORT | $500,000 |
MUSEUM OF FLIGHT PURPOSE: GREATEST NEED/ UNRESTRICTED SUPPORT | $500,000 |
New York, NY PURPOSE: PROGRAM SUPPORT | $250,000 |
OVERLAKE MEDICAL CENTER FOUNDATION PURPOSE: CAPITAL CAMPAIGN | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Islands Foundation Richland, WA | $219,157,832 | $26,464,404 |
Oscar T And Olivann Hokoldfoundation Lakewood, WA | $0 | $15,898,165 |
William A Looney Family Foundation Seattle, WA | $2,970,328 | $1,865,530 |
Fairview Foundation Seattle, WA | $22,161,652 | $15,221,518 |
Roundhouse Foundation Irrv Charitable Tr Sisters, OR | $376,773,592 | $260,472,613 |
James D And Sherry Raisbeck Foundation Seattle, WA | $19,522,688 | $18,818,250 |
Stolte Family Foundation Seattle, WA | $78,833,189 | $10,332,086 |
The Robert P Rotella Foundation Bellevue, WA | $0 | $9,974 |
Cambia Health Foundation Portland, OR | $95,632,719 | $22,110,074 |
All Alaska Longshore Health And Welfare Trust Fund Portland, OR | $15,094,245 | $10,298,043 |