Panorama
- Assets
- $227.5m
- Revenue
- $54.5m
- Investments
- $0.0
- Employees
- 426
- Location
- Lacey, WA
- Founding
- 05/1992
- Data as of
- 07/2023
- EIN
- 94-3048988
Organization Overview
Panorama is located in Lacey, WA. The organization was established in 1992. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 07/2023, Panorama employed 426 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panorama 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 07/2023, Panorama generated $54.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $49.5m during the year ending 07/2023. While expenses have increased by 2.5% per year over the past 8 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 2015, Panorama has awarded 22 individual grants totaling $1,036,565. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE AND ENRICH THE LIVES OF INDIVIDUALS WHO CHOOSE TO MAKE PANORAMA THEIR HOME.
Describe the Organization's Program Activity:
PANORAMA IS A CONTINUING CARE RETIREMENT COMMUNITY THAT OFFERS 847 RESIDENTIAL FAMILY DWELLING UNITS, OF WHICH 45 ARE ASSISTED LIVING UNITS, PLUS A LICENSED 155 BED SKILLED NURSING FACILITY. PANORAMA HAS A VARIETY OF COMMUNITY FACILITIES, SUCH AS A COMMUNITY HALL WITH A RESTAURANT, AQUATIC AND FITNESS CENTER, PHARMACY, TRAVEL AGENCY, GIFT AND GROCERY SHOP, BEAUTY SALON, ONE BROKERAGE FIRM, A VOLUNTEER RESIDENT COUNCIL, AND COMMON AREAS FOR RECREATIONAL AND SOCIAL USE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Goldberg Chairman | OfficerTrustee | 2 | $34,800 |
William A Gavin MD Co-Vice Chairman | OfficerTrustee | 2 | $34,800 |
Daryl Jensen Co-Vice Chairman | OfficerTrustee | 2 | $34,800 |
Kathleen Houston Director | Trustee | 2 | $31,200 |
Kathryn Gail Madden Director | Trustee | 2 | $31,200 |
Nancy H Mason Director | Trustee | 2 | $31,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcmeekin Construction Inc Construction | 7/30/23 | $5,334,787 |
Andy Johnson & Co Inc Construction | 7/30/23 | $2,328,595 |
Royce Pacific Contracting Construction | 7/30/23 | $1,250,487 |
Schuler Construction Llc Construction | 7/30/23 | $985,555 |
Halfacre Construction And Remodel Llc Construction | 7/30/23 | $861,486 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $986,927 |
| All other contributions, gifts, grants, and similar amounts not included above | $283,471 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,270,398 |
| Total Program Service Revenue | $52,554,962 |
| Investment income | $1,078,212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$452,663 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,479,759 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $312,825 |
| Grants and other assistance to domestic individuals. | $21,404 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,705,140 |
| Compensation of current officers, directors, key employees. | $1,705,140 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,605,639 |
| Pension plan accruals and contributions | $570,061 |
| Other employee benefits | $1,443,382 |
| Payroll taxes | $1,808,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $103,983 |
| Fees for services: Accounting | $82,866 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,692,217 |
| Advertising and promotion | $120,262 |
| Office expenses | $377,344 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,384,877 |
| Travel | $95,085 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $907,480 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,730,743 |
| Insurance | $852,401 |
| All other expenses | $93,497 |
| Total functional expenses | $49,480,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,142,887 |
| Savings and temporary cash investments | $5,592,792 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,931,908 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,267 |
| Prepaid expenses and deferred charges | $775,908 |
| Net Land, buildings, and equipment | $173,783,171 |
| Investments—publicly traded securities | $39,184,001 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,112,113 |
| Total assets | $227,546,047 |
| Accounts payable and accrued expenses | $5,307,450 |
| Grants payable | $0 |
| Deferred revenue | $90,243,737 |
| Tax-exempt bond liabilities | $27,561,430 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,357,153 |
| Total liabilities | $126,469,770 |
| Net assets without donor restrictions | $101,066,007 |
| Net assets with donor restrictions | $10,270 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $227,546,047 |
Grants Awarded
Over the last fiscal year, Panorama has awarded $179,627 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH PUGET SOUND COMMUNITY COLLEGE FOUNDATION PURPOSE: NURSING SCHOLARSHIPS, ALLIED HEALTH EMERGENCY FUND | $7,700 |
PANORAMA BENEVOLENT FUND PURPOSE: SUPPORT NEEDY RESIDENTS OF THE PANORAMA COMMUNITY | $165,927 |
SOUTH PUGET SOUND COMMUNITY COLLEGE PURPOSE: EXTERNAL SCHOLARSHIP | $6,000 |