Altom Carlson Foundation
- Assets
- $5.6m
- Revenue
- $64.3k
- Investments
- $4.5m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 06-1801086
Organization Overview
Altom Carlson Foundation is located in Seattle, WA. The organization was established in 2009. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Altom Carlson 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, Altom Carlson Foundation generated $64.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $299.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Altom Carlson Foundation has awarded 104 individual grants totaling $1,162,111. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhoda Altom President | 4 | $0 | |
Cory Carlson Vice President | 2 | $0 | |
Stewart Carlson Treasurer | 2 | $0 | |
Grant Carlson Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $14,037 |
| Dividends & Interest | $41,857 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,343 |
| Capital Gain Net Income | $8,464 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13 |
| Total Revenue | $64,250 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $15,735 |
| Taxes | $13,442 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,745 |
| Printing and publications | $0 |
| Other expenses | $600 |
| Total operating and administrative expenses | $228,454 |
| Contributions, gifts, grants paid | $71,325 |
| Total expenses and disbursements | $299,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $952,658 |
| 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 | $58,614 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,539,643 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,556,107 |
| Accounts payable and accrued expenses | $344 |
| 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 | $344 |
Grants Awarded
Over the last fiscal year, Altom Carlson Foundation has awarded $71,325 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF KATAHDIN WOODS & WATERS PURPOSE: GENERAL SUPPORT | $2,000 |
EPIPHANY PARISH PURPOSE: GENERAL SUPPORT | $10,000 |
WASHINGTON WOMEN'S FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
NATUREBRIDGE PURPOSE: GENERAL SUPPORT | $41,000 |
WASHINGTON'S NATIONAL PARK FUND PURPOSE: GENERAL SUPPORT | $1,200 |
MN ASSOCIATES FOR PETS IN CRISIS PURPOSE: GENERAL SUPPORT | $10,000 |