Alta Foundation
- Assets
- $505.4k
- Revenue
- $61.4k
- Investments
- $489.4k
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 04/2000
- Data as of
- 12/2022
- EIN
- 91-2014274
Organization Overview
Alta Foundation is located in Seattle, WA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Alta 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 12/2022, Alta Foundation generated $61.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $93.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Alta Foundation has awarded 28 individual grants totaling $597,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David R Bishop Trustee | 1 | $0 | |
Lynda F Bishop Trustee | 1 | $0 | |
Ginger Schmersal Trustee | 1 | $0 | |
Amanda Bishop Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,235 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,722 |
| Capital Gain Net Income | $46,722 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,442 |
| Total Revenue | $61,399 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,094 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $635 |
| Total operating and administrative expenses | $11,525 |
| Contributions, gifts, grants paid | $81,500 |
| Total expenses and disbursements | $93,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,818 |
| 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 | $489,422 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $115 |
| Total assets | $505,355 |
| 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, Alta Foundation has awarded $81,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHOICE HUMANITARIAN PURPOSE: HEALTH & HUMAN SERVICES | $79,000 |
TAKE TWO ALTERNATIVE EDUCATIONAL SERVICES PURPOSE: EDUCATION | $2,500 |