Milton-Freewater Area Foundation
- Assets
- $2.6m
- Revenue
- $75.6k
- Investments
- $2.5m
- Employees
- 0
- Location
- Walla Walla, WA
- Founding
- 08/1964
- Data as of
- 12/2023
- EIN
- 93-6025936
Organization Overview
Milton-Freewater Area Foundation is located in Walla Walla, WA. The organization was established in 1964. 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. Milton-Freewater Area 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 12/2023, Milton-Freewater Area Foundation generated $75.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $142.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Milton-Freewater Area Foundation has awarded 246 individual grants totaling $1,154,087. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Baker Boyer Bank Wealth Management Trustee | 5 | $23,111 | |
Laura Whiting Director | 5 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,222 |
| Interest on Savings | $0 |
| Dividends & Interest | $68,468 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,649 |
| Capital Gain Net Income | $5,740 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $552 |
| Other Income | $0 |
| Total Revenue | $75,593 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,611 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,492 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,704 |
| Total operating and administrative expenses | $33,407 |
| Contributions, gifts, grants paid | $108,643 |
| Total expenses and disbursements | $142,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $89,738 |
| Other assets | $0 |
| Total assets | $2,574,012 |
| 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, Milton-Freewater Area Foundation has awarded $108,643 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE MOUNTAIN COMMUNITY COLLEGE PURPOSE: GRANT | $6,000 |
EASTERN OREGON UNIVERSITY PURPOSE: SCHOLARSHIP | $5,750 |
FRAZIER FARMSTEAD MUSEUM PURPOSE: GRANT | $31,295 |
LINFIELD UNIVERSITY PURPOSE: GRANT | $500 |
MCLOUGHLIN HIGH SCHOOL GOLF PURPOSE: GRANT | $4,548 |
MILTON-FREEWATER AREA CHAMBER OF COMMERCE PURPOSE: GRANT | $2,850 |