Carlsen Foundation
- Assets
- $1.8m
- Revenue
- $61.3k
- Investments
- $154.2k
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 11/2000
- Data as of
- 12/2021
- EIN
- 91-2065725
Organization Overview
Carlsen Foundation is located in Seattle, WA. The organization was established in 2000. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, 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. Carlsen 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, Carlsen Foundation generated $61.3k 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 (19.6%) each year. All expenses for the organization totaled $26.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MUSICIANS WITH ACCESS TO AND USE OF HIGH QUALITY MUSICAL INSTRUMENTS IN CONNECTION WITH THEIR TRAINING AND THEIR PERFORMANCE BEFORE THE PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miriam Shames Director | 5 | $10,400 | |
Timothy E Proctor Director | 1 | $0 | |
Scott Carlsen Director | 5 | $0 | |
Janet White Director | 1 | $0 | |
Alex Segal Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,335 |
| Interest on Savings | $802 |
| Dividends & Interest | $1,443 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,896 |
| Capital Gain Net Income | $4,104 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,601 |
| Total Revenue | $61,285 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,040 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $47 |
| Taxes | $892 |
| Depreciation | $0 |
| Occupancy | $2,414 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,666 |
| Total operating and administrative expenses | $26,149 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $26,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,597 |
| Savings and temporary cash investments | $6,555 |
| Net Accounts receivable | $35,000 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $5,000 |
| 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 | $1,575,446 |
| Total assets | $1,814,830 |
| Accounts payable and accrued expenses | $1,299 |
| 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 | $1,299 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Carlsen Foundation has recieved totaling $12,620.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,310 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,310 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shunpike Seattle, WA | $2,155,050 | $3,145,389 |
On The Boards Seattle, WA | $8,063,400 | $5,761,969 |
Beaverton Arts Foundation Inc Beaverton, OR | $11,885,314 | $4,596,836 |
Whidbey Island Center For The Arts Langley, WA | $2,928,245 | $860,208 |
Seattle Center Foundation Seattle, WA | $1,954,374 | $1,225,153 |
Bainbridge Performing Arts Bainbridge Island, WA | $12,190,794 | $6,764,163 |
Historic Elsinore Theatre Inc Salem, OR | $2,700,397 | $588,311 |
Community Center For The Prforming Eugene, OR | $436,707 | $733,977 |
Esther Simplot Performing Arts Academy Inc Boise, ID | $20,907,444 | $1,465,849 |
The Redmond Academy Of Theatre Arts Redmond, WA | $155,371 | $369,352 |
Stumptown Stages Lake Oswego, OR | $26,664 | $254,116 |
Emerald City Music Seattle, WA | $78,009 | $366,273 |