Kline Galland Center Foundation
- Assets
- $41.0m
- Revenue
- $3.6m
- Investments
- $2.9m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 91-1973347
Organization Overview
Kline Galland Center Foundation is located in Seattle, WA. The organization was established in 2003. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kline Galland Center 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, Kline Galland Center Foundation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $153.9k during the year ending 12/2021. While expenses have increased by 9.4% per year over the past 7 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE CHARITABLE PURPOSES OF THE KLINE GALLAND CENTER AND AFFILIATES.
Describe the Organization's Program Activity:
TO FURTHER THE CHARITABLE PURPOSES OF THE KLINE GALLAND CENTER AND AFFILIATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irene Fisher 1st Vice Chair | OfficerTrustee | 0.5 | $0 |
Barbara Sulman 2nd Vice Chair | OfficerTrustee | 0.5 | $0 |
Robert Simon Treasurer | OfficerTrustee | 0.5 | $0 |
Jay Riffkin Secretary | OfficerTrustee | 0.5 | $0 |
Brian Quint Past Chair | OfficerTrustee | 0.5 | $0 |
Jack Almo Chair | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,253,408 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,331,543 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,584,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $151,293 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $37 |
| Total functional expenses | $153,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $37,730,868 |
| Investments—other securities | $2,868,763 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $368,166 |
| Total assets | $40,967,797 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $88,698 |
| Total liabilities | $88,698 |
| Net assets without donor restrictions | $37,931,028 |
| Net assets with donor restrictions | $2,948,071 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $40,967,797 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kline Galland Center Foundation has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Lowen Family Foundation Bellevue, WA PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $1,500 |
Endowment Analysis
| Beg. Balance | $2,481,303 |
| Earnings | $187,299 |
| Ending Balance | $2,668,602 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chump Change Foundation Kirkland, WA | $52,581 | $511,084 |
Magnolia Better Together Seattle, WA | $5,857 | $0 |
Love In The Name Of Christ Of Yakima Yakima, WA | $382,819 | $210,005 |
Communities Of Concern Commission Seattle, WA | $516,318 | $303,500 |
Kline Galland Center Foundation Seattle, WA | $40,967,797 | $3,584,951 |
Butte Falls Community School Partnership Butte Falls, OR | $762,666 | $118,448 |
Petersville Community Non-Profit Corporation Trapper Creek, AK | $194,864 | $0 |
Brilliance Labs Portland, OR | $2,722,476 | $3,255,829 |
Wider Horizons Seattle, WA | $125,399 | $0 |
Othello Beautification Committee Othello, WA | $58,463 | $0 |
Kirkland Parks & Community Foundation Kirkland, WA | $57,089 | $0 |
The Slavonian-American Benevolent Society Tacoma, WA | $117,773 | $0 |