Names Family Foundation
- Assets
- $140.8m
- Revenue
- $2.8m
- Investments
- $135.6m
- Employees
- 0
- Location
- Fircrest, WA
- Founding
- 09/1996
- Data as of
- 12/2022
- EIN
- 94-3250195
Organization Overview
Names Family Foundation is located in Fircrest, WA. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Names Family 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 12/2022, Names Family Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $7.1m during the year ending 12/2022. While expenses have increased by 10.2% 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 2016, Names Family Foundation has awarded 767 individual grants totaling $36,738,112. 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
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Shults Executive Director | 40 | $168,542 | |
Kim Hegardt Board President | 5 | $0 | |
Rick Names Vice President | 2 | $0 | |
Erin Shagren Treasurer | 3 | $0 | |
Monica Names-King Secretary | 2 | $0 | |
Paula Larkin Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldman Sachs Financial Advisors - Seattle | 12/30/22 | $265,269 |
Hamilton Lane | 12/30/22 | $131,679 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $725 |
| Dividends & Interest | $1,912,661 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $825,459 |
| Capital Gain Net Income | $1,910,930 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $61,910 |
| Total Revenue | $2,800,755 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $168,542 |
| Other employee salaries and wages | $166,915 |
| Pension plans, employee benefits | $77,031 |
| Interest | $0 |
| Taxes | $94,466 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $21,666 |
| Printing and publications | $5,386 |
| Other expenses | $59,775 |
| Total operating and administrative expenses | $1,011,775 |
| Contributions, gifts, grants paid | $6,097,588 |
| Total expenses and disbursements | $7,109,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $715,295 |
| Savings and temporary cash investments | $4,467,209 |
| 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 | $31,199,832 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $140,756,726 |
| Accounts payable and accrued expenses | $254 |
| 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 | $254 |
Grants Awarded
Over the last fiscal year, Names Family Foundation has awarded $6,267,588 in support to 193 organizations.
| Grant Recipient | Amount |
|---|---|
A PLACE CALLED HOME PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
ALATHEIA RIDING CENTER PURPOSE: WARRIORS AND HORSES VETERANS PROGRAM | $10,000 |
2ND CYCLE COMMUNITY BICYCLE SHOP PURPOSE: SECOND CYCLE COMMUNITY BICYCLE CENTER | $5,000 |
ALATHEIA RIDING CENTER PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
ALZHEIMER'S ASSOCIATION WASHINGTON STATE CHAPTER PURPOSE: ALZ CARES FOR PIERCE COUNTY | $10,000 |
AMERICAN RED CROSS PURPOSE: HURRICANE IAN MATCHING GIFT | $500 |