Marguerite Casey Foundation
- Assets
- $832.1m
- Revenue
- $60.9m
- Investments
- $812.4m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 09/2000
- Data as of
- 12/2022
- EIN
- 91-2062197
Organization Overview
Marguerite Casey Foundation is located in Seattle, WA. The organization was established in 2000. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marguerite Casey 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, Marguerite Casey Foundation generated $60.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $76.3m during the year ending 12/2022. While expenses have increased by 14.4% per year over the past 5 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.
Since 2014, Marguerite Casey Foundation has awarded 3,079 individual grants totaling $322,877,471. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
PRODUCTION OF OVER 20 ORIGINAL MULTIMEDIA ARTICLES ANNUALLY, WHICH FEATURES STORIES ABOUT LOW-INCOME FAMILIES AND THE ACTIONS THAT MAKE CHANGE POSSIBLE. PUBLICATION OF MONTHLY NEWSLETTERS AND SEMI-ANNUAL MAGAZINES WHICH ARE DISTRIBUTED TO APPROXIMATELY 3,000 GRANTEES AND STAKEHOLDERS. DIRECT EXPENSES TO SUPPORT GRANTEE PROGRAMS AND NETWORKS.
PRODUCTION OF OVER 20 ORIGINAL MULTIMEDIA ARTICLES ANNUALLY, WHICH FEATURES STORIES ABOUT LOW-INCOME FAMILIES AND THE ACTIONS THAT MAKE CHANGE POSSIBLE. PUBLICATION OF MONTHLY NEWSLETTERS AND SEMI-ANNUAL MAGAZINES WHICH ARE DISTRIBUTED TO APPROXIMATELY 3,000 GRANTEES AND STAKEHOLDERS. DIRECT EXPENSES TO SUPPORT GRANTEE PROGRAMS AND NETWORKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Rojas President/ceo | 40 | $563,461 | |
Dan Gould VP Of Investment/finance | 40 | $318,270 | |
Angela Rivera Thru May 2022 Former Vice Chair | 3.2 | $20,000 | |
Chad Boettcher Director | 2.4 | $40,000 | |
Ellis Carr Director | 2.3 | $40,000 | |
Ian Fuller Treasurer | 3.5 | $40,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Angeles Investment Advisors Llc | 12/30/22 | $490,901 |
Dancing Hearts Consulting Llc | 12/30/22 | $425,000 |
Scott M Curran Dba Beyond Advisors | 12/30/22 | $365,870 |
510media Llc | 12/30/22 | $196,963 |
Colehour Cohen Inc Dba C C Inc | 12/30/22 | $250,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $110,000 |
| Interest on Savings | $438 |
| Dividends & Interest | $11,125,637 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,906,066 |
| Capital Gain Net Income | $9,418,994 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,803,377 |
| Total Revenue | $60,945,518 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,361,731 |
| Other employee salaries and wages | $2,957,683 |
| Pension plans, employee benefits | $1,046,521 |
| Interest | $3,447 |
| Taxes | $1,802,541 |
| Depreciation | $4,765 |
| Occupancy | $373,504 |
| Travel, conferences, and meetings | $294,300 |
| Printing and publications | $7,210 |
| Other expenses | $3,057,960 |
| Total operating and administrative expenses | $19,088,472 |
| Contributions, gifts, grants paid | $57,199,625 |
| Total expenses and disbursements | $76,288,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,304,895 |
| Savings and temporary cash investments | $11,466,178 |
| Net Accounts receivable | $12,657 |
| 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 | $35,689 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $303,978,179 |
| Net Land, buildings, and equipment | $45,182 |
| Other assets | $5,826,621 |
| Total assets | $832,101,992 |
| Accounts payable and accrued expenses | $1,549,025 |
| Grants payable | $26,509,032 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,741,289 |
| Total liabilities | $31,799,346 |
Grants Awarded
Over the last fiscal year, Marguerite Casey Foundation has awarded $72,936,125 in support to 382 organizations.
| Grant Recipient | Amount |
|---|---|
ACT 4 SA PURPOSE: GENERAL SUPPORT | $35,000 |
ACTION NOW INSTITUTE PURPOSE: GENERAL SUPPORT | $90,500 |
ACTION ST LOUIS PURPOSE: GENERAL OPERATING SUPPORT | $150,000 |
AFRICAN HERITAGE ECONOMIC INITIATIVE PURPOSE: FOR STRENGTHENING AND DEFINING THE STRATEGIC DIRECTION OF THE AFRICAN HERITAGE FOOD CO-OP | $75,000 |
ADVANCEMENT PROJECT EDUCATION FUND PURPOSE: GENERAL SUPPORT | $450 |
ADVOCATES FOR COMMUNITY AND RURAL EDUCATION DBA RURAL COMMUNITY ALLIANCE PURPOSE: GENERAL OPERATING SUPPORT | $81,250 |