Summit Family Irrv Washington Foundation Trust
- Assets
- $1.7m
- Revenue
- $292.0k
- Investments
- $1.7m
- Employees
- 0
- Location
- Mercer Island, WA
- Founding
- 01/2000
- Data as of
- 12/2023
- EIN
- 91-6488392
Organization Overview
Summit Family Irrv Washington Foundation Trust is located in Mercer Island, WA. The organization was established in 2000. 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. Summit Family Irrv Washington Foundation Trust 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 12/2023, Summit Family Irrv Washington Foundation Trust generated $292.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.8% each year . All expenses for the organization totaled $257.1k during the year ending 12/2023. While expenses have increased by 18.7% 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 2020, Summit Family Irrv Washington Foundation Trust has awarded 179 individual grants totaling $2,686,802. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Hirshfield Trustee | 2 | $0 | |
Mary J Hirshfield Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $60,886 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $231,086 |
| Capital Gain Net Income | $231,086 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $291,972 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,245 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,818 |
| Contributions, gifts, grants paid | $242,240 |
| Total expenses and disbursements | $257,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,245 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,689,493 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Summit Family Irrv Washington Foundation Trust has awarded $242,240 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY PREPATORY ACADEMY PURPOSE: EDUCATION | $60,000 |
NORTHWEST MARITIME CENTER FOUNDATION PURPOSE: EDUCATION | $132,500 |
RAINIER SCHOLARS PURPOSE: EDUCATION | $15,000 |
NORTHWEST PARKINSON'S FOUNDATION (NWPF) PURPOSE: PREVENTATIVE HEALTHCARE | $5,000 |
AMERICAN PARKINSON DISEASE ASSN PURPOSE: PREVENTATIVE HEALTHCARE | $10,000 |
HARVARD UNIVERSITY - BUSINESS GRAD SCHOOL PURPOSE: EDUCATION | $5,000 |