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 5 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $6.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Bullitt Foundation has awarded 1,149 individual grants totaling $44,538,059. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BULLITT FOUNDATION PAID $110,066 IN 2023 FOR CHARITABLE ACTIVITIES PRIMARILY RELATED TO EDUCATION.THIS INCLUDES A DOCENT WHO GIVES BUILDING TOURS TO ORGANIZATIONS WHO ARE INTERESTED IN IMPLEMENTING SOME OF THE BULLITT CENTER FEATURES AND TO STUDENTS FOR A GENERAL ENVIRONMENTAL EDUCATION. SHE WORKS 15 HOURS PER WEEK FOR 750 HOURS A YEAR. IN 2023 THE BULLITT CENTER SAW 1,782 VISITORS ON 81 TOURS (PUBLIC AND PRIVATE).A TECHNICAL MARKETING COMMUNICATIONS MANAGER ISSUES TECHNICAL WHITEPAPERS ON THE MAJOR SYSTEMS OF THE BULLITT CENTER AND FIELDS TECHNICAL QUESTIONS. HE WORKS 350 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 |
|---|---|---|---|
Denis Hayes CEO & Chair | 60 | $384,352 | |
Salley Anderson CFO & Treasurer | 40 | $271,295 | |
Jessie Woolley-Wilson Vice Chair | 1 | $0 | |
Rob Pena Secretary | 1 | $0 | |
Erim Gomez Trustee | 1 | $0 | |
Harriet Bullitt Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amy Solomon | 12/30/23 | $98,008 |
Rob K Harmon & Company | 12/30/23 | $56,400 |
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 $6,315,710 in support to 156 organizations.
| Grant Recipient | Amount |
|---|---|
350ORG PURPOSE: MATCHING GRANTS | $1,000 |
1000 FRIENDS OF OREGON PURPOSE: FOR GENERAL OPERATING SUPPORT | $40,000 |
350 SEATTLE PURPOSE: GENERAL SUPPORT GRANT | $95,000 |
501 COMMONS PURPOSE: MATCHING GRANTS | $1,687 |
350 PDX PURPOSE: GENERAL SUPPORT GRANT | $50,000 |
ADVANCING EARTH AND SPACE SCIENCE PURPOSE: MATCHING GRANTS | $4,000 |