Stillwaters Foundation
- Assets
- $3.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 26
- Location
- Centralia, WA
- Founding
- 11/1993
- Data as of
- 12/2023
- EIN
- 94-3188039
Organization Overview
Stillwaters Foundation is located in Centralia, WA. The organization was established in 1993. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Stillwaters Foundation employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stillwaters 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, Stillwaters Foundation generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING, HEALTH CARE AND FINANCIAL SECURITY FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STILLWATERS FOUNDATION IS A RETIREMENT CENTER WITH ASSISTED LIVING PROGRAMS THAT PROVIDE MEDICAL, HOUSEKEEPING, MEALS AND ROOMS FOR RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Williams President | OfficerTrustee | 5 | $0 |
Henry P Kirk Director | Trustee | 0.23 | $0 |
Marcia Ray Director | Trustee | 0.23 | $0 |
Carol Lee Rickard Secretary | OfficerTrustee | 0.23 | $0 |
Klaus Wallis Director | Trustee | 0.23 | $0 |
Ray Zimmerman Director | Trustee | 0.23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $65,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,556 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,556 |
| Total Program Service Revenue | $1,692,431 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,521 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,812,521 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,355,179 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,625 |
| Payroll taxes | $125,870 |
| Fees for services: Management | $4,999 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,205 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,610 |
| Advertising and promotion | $5,929 |
| Office expenses | $42,789 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $219,833 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $78,336 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $152,136 |
| Insurance | $43,378 |
| All other expenses | $14,833 |
| Total functional expenses | $2,353,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,448 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,174 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,151,395 |
| Investments—publicly traded securities | $2,858 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,122 |
| Other assets | $1,428,063 |
| Total assets | $3,605,096 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $565,406 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,565,087 |
| Total liabilities | $2,130,493 |
| Net assets without donor restrictions | $1,474,603 |
| Net assets with donor restrictions | $0 |
| 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 | $3,605,096 |