Bullitt Foundation
- Assets
- $60.9m
- Revenue
- $1.2m
- Investments
- $33.0m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 06/1953
- Data as of
- 12/2021
- EIN
- 91-6027795
Organization Overview
Bullitt Foundation is located in Seattle, WA. The organization was established in 1953. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Bullitt 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, Bullitt Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (25.5%) each year. All expenses for the organization totaled $6.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Bullitt Foundation has awarded 796 individual grants totaling $30,074,887. 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
2021
Describe the Organization's Program Activity:
THE BULLITT FOUNDATION PAID $133,000 IN 2021 FOR CHARITABLE ACTIVITIES PRIMARILY RELATED TO EDUCATION.THIS INCLUDES A DOCENT WHO GIVE BUILDING TOURS TO ORGANIZATIONS WHO ARE INTERESTED IN IMPLEMENTING SOME OF THE BULLITT CENTER FEATURES AND TO STUDENTS FOR A GENERAL ENVIRONMENTAL EDUCATION. IN 2021 THE DOCENT CONDUCTED VIRTUAL REALITY TOURS AS IN PERSON TOURS WEREN'T POSSIBLE. SHE WORKS 15 HOURS PER WEEK FOR 750 HOURS A YEAR. A TECHNICAL MARKETING COMMUNICATIONS MANAGER ISSUES TECHNICAL WHITEPAPERS ON THE MAJOR SYSTEMS OF THE BULLITT CENTER AND FIELDS TECHNICAL QUESTIONS. HE WORKS 10 HOURS PER WEEK FOR 500 HOURS PER YEAR.AN ENERGY SYSTEM EXPERT EDUCATED INVESTORS AND OTHER BUILDING OWNERS HOW TO FINANCIALLY BENEFIT FROM RETROFITTING THEIR BUILDINGS TO INCLUDE SOME OF THE BULLITT CENTER FEATURES AND DRASTICALLY REDUCE THEIR ENERGY CONSUMPTION. HE WORKS 10 HOURS PER WEEK FOR 500 HOURS PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Salley Anderson CFO & Treasurer | 40 | $250,103 | |
Denis Hayes Chair & CEO | 35 | $209,555 | |
Steven Whitney Senior Program Offic | 40 | $183,350 | |
Neelima Shah Senior Program Offic | 40 | $159,839 | |
Rashad Morris Senior Program Offic | 40 | $159,644 | |
Mary Mcnair Grants Administrator | 40 | $100,369 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rob K Harmon & Company | 12/30/21 | $75,000 |
Tracy Stanton | 12/30/21 | $92,395 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $634,700 |
| Interest on Savings | $0 |
| Dividends & Interest | $843,901 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$269,815 |
| Capital Gain Net Income | $19,783 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,157 |
| Total Revenue | $1,220,943 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $459,658 |
| Other employee salaries and wages | $598,545 |
| Pension plans, employee benefits | $302,253 |
| Interest | $0 |
| Taxes | $40,335 |
| Depreciation | $3,538 |
| Occupancy | $115,777 |
| Travel, conferences, and meetings | $6,286 |
| Printing and publications | $1,115 |
| Other expenses | $97,530 |
| Total operating and administrative expenses | $2,050,939 |
| Contributions, gifts, grants paid | $4,663,641 |
| Total expenses and disbursements | $6,714,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,524 |
| Savings and temporary cash investments | $369,475 |
| 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 | $3,953 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,728,162 |
| Net Land, buildings, and equipment | $1 |
| Other assets | $27,285,467 |
| Total assets | $60,942,002 |
| Accounts payable and accrued expenses | $184,754 |
| Grants payable | $70,000 |
| 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 | $254,754 |
Grants Awarded
Over the last fiscal year, Bullitt Foundation has awarded $4,713,641 in support to 138 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: FOR CONTINUED SUPPORT TO ADVANCE CAMPAIGNS THAT DEFEAT FOSSIL FUELS, PROMOTE CARBON-FRIENDLY FORESTRY, GENERATE DEMAND FOR SUSTAINABLE BUILDING MATERIALS, AND REDUCE WATER POLLUTION FROM STORMWATER RUNOFF AND TOXIC SITES. | $110,000 |
Seattle, WA PURPOSE: FOR THE LIVING LANDSCAPES INCUBATOR TO ADVANCE ECOSYSTEM HEALTH, HUMAN WELL-BEING AND SOCIETAL EQUITY IN THE PLANNING AND DESIGN OF COMMUNITIES AND LANDSCAPES. | $100,000 |
Seattle, WA PURPOSE: GENERAL SUPPORT | $100,000 |
Seattle, WA PURPOSE: FOR GENERAL SUPPORT. | $100,000 |
Portland, OR PURPOSE: FOR SUPPORT OF THE CLIMATE SMART WOOD GROUP. | $100,000 |
Seattle, WA PURPOSE: FOR A GENERAL SUPPORT GRANT TO SUPPORT EMERALD CITIES SEATTLE. | $95,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bullitt Foundation has recieved totaling $69,700.
| Awarding Organization | Amount |
|---|---|
United States Endowment Forforestry And Communities Inc Greenville, SC PURPOSE: HEALTHY WATERSHED CONSORTIUM | $32,200 |
Satterberg Foundation Seattle, WA PURPOSE: EMERALD ALLIANCE FOR PEOPLE/NATURE & COMMUNITY | $25,000 |
Climate Conservation Bozeman, MT PURPOSE: BUILDING NETWORKS | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Islands Foundation Richland, WA | $219,157,832 | $26,464,404 |
Oscar T And Olivann Hokoldfoundation Lakewood, WA | $0 | $15,898,165 |
William A Looney Family Foundation Seattle, WA | $2,970,328 | $1,865,530 |
Fairview Foundation Seattle, WA | $22,161,652 | $15,221,518 |
Roundhouse Foundation Irrv Charitable Tr Sisters, OR | $376,773,592 | $260,472,613 |
James D And Sherry Raisbeck Foundation Seattle, WA | $19,522,688 | $18,818,250 |
Stolte Family Foundation Seattle, WA | $78,833,189 | $10,332,086 |
The Robert P Rotella Foundation Bellevue, WA | $0 | $9,974 |
Cambia Health Foundation Portland, OR | $95,632,719 | $22,110,074 |
All Alaska Longshore Health And Welfare Trust Fund Portland, OR | $15,094,245 | $10,298,043 |