Jacob & Gwendolyn Lawrence Foundation
- Assets
- $969.9k
- Revenue
- $233.8k
- Investments
- $889.4k
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 04/2000
- Data as of
- 12/2023
- EIN
- 91-2015166
Organization Overview
Jacob & Gwendolyn Lawrence 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. Jacob & Gwendolyn Lawrence 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 12/2023, Jacob & Gwendolyn Lawrence Foundation generated $233.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $130.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Jacob & Gwendolyn Lawrence Foundation has awarded 24 individual grants totaling $645,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAM: PROVIDE SCHOLARS, TEACHERS, STUDENTS AND THE GENERAL PUBLIC WITH ACCESS TO INFORMATION ABOUT THE LIVES AND LEGACIES OF JACOB AND GWENDOLYN LAWRENCE. INCLUDES MAINTENANCE AND CONTINUED DEVELOPMENT OF AN EXTENSIVE WEBSITE, RESEARCH, SUPPORT, AND PROFESSIONAL COUNSEL TO MUSEUMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Evans President | 2 | $15,000 | |
Barbara Thomas Vice President, Treasurer | 6 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,621 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,164 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $59,089 |
| Capital Gain Net Income | $59,089 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $137,900 |
| Total Revenue | $233,774 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,879 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,258 |
| Printing and publications | $0 |
| Other expenses | $575 |
| Total operating and administrative expenses | $50,851 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $130,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,505 |
| 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 | $100,334 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $969,945 |
| 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, Jacob & Gwendolyn Lawrence Foundation has awarded $80,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SEATTLE ART MUSEUM PURPOSE: SUPPORT ARTS AND EDUCATION | $60,000 |
NORTHWEST FILM FORUM PURPOSE: SUPPORT ARTS AND EDUCATION | $10,000 |
INDIGO ART AND ALLIANCE PURPOSE: SUPPORT ARTS AND EDUCATION | $10,000 |