Realnetworks Foundation
- Assets
- $11.2m
- Revenue
- $400.7k
- Investments
- $10.4m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 11/2001
- Data as of
- 12/2023
- EIN
- 91-2033075
Organization Overview
Realnetworks Foundation is located in Seattle, WA. The organization was established in 2001. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Realnetworks 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, Realnetworks Foundation generated $400.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $501.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (18.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Realnetworks Foundation has awarded 503 individual grants totaling $2,733,022. 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
AS PART OF MASK-CHECK INITIATIVE, PROVIDE IPADS AND OTHER HARDWARE AND PERIPHERALS TO SCREEN SCHOOL CHILDREN DURING THE REOPENING OF SCHOOLS, TO ENSURE ADHERENCE TO PROPER MASK WEARING GUIDELINES SET FORTH BY LOCAL GOVERNMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Glaser President/director | 1 | $0 | |
Michael Parham Vice President/director | 1 | $0 | |
Drew Markham Secretary/director | 1 | $0 | |
Cary Baker Treasurer/director | 1 | $0 | |
Marjorie Thomas Director | 1 | $0 | |
Kathryn Shields Term Ended July '23 Foundation Manager | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Realnetworks Inc | 12/30/23 | $189,227 |
Morgan Stanley Smith Barney | 12/30/23 | $58,883 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $345,320 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,288 |
| Capital Gain Net Income | $48,288 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,092 |
| Total Revenue | $400,700 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,827 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,458 |
| Total operating and administrative expenses | $363,958 |
| Contributions, gifts, grants paid | $137,531 |
| Total expenses and disbursements | $501,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $772,583 |
| 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 | $16,612 |
| Total assets | $11,194,546 |
| 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, Realnetworks Foundation has awarded $137,531 in support to 94 organizations.
| Grant Recipient | Amount |
|---|---|
5TH AVENUE THEATRE ASSOCIATION PURPOSE: PROGRAM SUPPORT | $2,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: PROGRAM SUPPORT | $1,000 |
ALLIANCE FOR GUN RESPONSIBILITY FOUNDATION PURPOSE: PROGRAM SUPPORT | $200 |
BACKBONE CAMPAIGN PURPOSE: PROGRAM SUPPORT | $1,000 |
BACKBONE CAMPAIGN PURPOSE: PROGRAM SUPPORT | $670 |
BAINBRIDGE ISLAND GIRLS LACROSSE ASSOCIATION PURPOSE: PROGRAM SUPPORT | $200 |