East Seattle Foundation
- Assets
- $7.9m
- Revenue
- $1.5m
- Investments
- $7.4m
- Employees
- 0
- Location
- Mercer Island, WA
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 91-2171978
Organization Overview
East Seattle Foundation is located in Mercer Island, WA. The organization was established in 2003. 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. East Seattle 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, East Seattle Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $740.7k during the year ending 12/2021. While expenses have increased by 14.5% per year over the past 6 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 2016, East Seattle Foundation has awarded 80 individual grants totaling $1,727,785. 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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bridget Rauvola Vice-Preside | 1 | $0 | |
Alicia Bradbury Treasurer | 1 | $0 | |
Alan D Frazier Director | 1 | $0 | |
Joanna Frazier Director | 1 | $0 | |
Colin Frazier Director | 1 | $0 | |
Natalie Frazier Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $760,000 |
| Interest on Savings | $28,951 |
| Dividends & Interest | $170,825 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $568,694 |
| Capital Gain Net Income | $568,694 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $711 |
| Total Revenue | $1,529,181 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $793 |
| Taxes | $2,373 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $184 |
| Printing and publications | $204 |
| Other expenses | $215,553 |
| Total operating and administrative expenses | $225,937 |
| Contributions, gifts, grants paid | $514,765 |
| Total expenses and disbursements | $740,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $454,865 |
| 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 | $924,006 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,871,875 |
| Accounts payable and accrued expenses | $66,170 |
| 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 | $66,170 |
Grants Awarded
Over the last fiscal year, East Seattle Foundation has awarded $514,765 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: ENDOWMENTS-CCE, JESUIT | $250,000 |
HEADSTRONG PURPOSE: SEATTLE TRAUMA TREATMENT PROGRAM | $75,000 |
Seattle, WA PURPOSE: BROTHERHOOD INITIATIVE COEBID | $27,765 |
Seattle, WA PURPOSE: FRAZIER SCHOLARS FUND | $25,000 |
SEATTLE PUBLIC SCHOOLS PURPOSE: CRISIS FUND - FAMILY SUPPORT | $20,000 |
Bellingham, WA PURPOSE: WESTERN SUCCESS SCHOLARS PROGRAM | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bezos Family Foundation Seattle, WA | $130,746,152 | $60,417,966 |
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
Raikes Foundation Seattle, WA | $117,221,519 | $16,360,598 |
Aldarra Foundation Seattle, WA | $1,907,346 | $20,570,824 |
James F And Marion L Miller Foundation Portland, OR | $164,280,841 | $30,090,803 |
Gary E Milgard Family Foundation-Cari Tacoma, WA | $114,220,911 | $3,602,287 |
Samis Foundation Seattle, WA | $93,922,239 | $13,751,752 |
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
The Russell Family Foundation Gig Harbor, WA | $102,077,149 | $6,093,203 |
Mckenzie River Gathering Foundation Portland, OR | $17,520,565 | $8,839,824 |
Gary E Milgard Family Foundation - Mark Tacoma, WA | $117,467,534 | $7,345,386 |
The Sarkowsky Family Charitable Foundation Seattle, WA | $565,957 | $3,012,734 |