Paulus Family Foundation
- Assets
- $11.3m
- Revenue
- $2.0m
- Investments
- $10.3m
- Employees
- 0
- Location
- Mount Vernon, WA
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 20-0351925
Organization Overview
Paulus Family Foundation is located in Mount Vernon, WA. The organization was established in 2003. 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. Paulus 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 12/2021, Paulus Family Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.7%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Paulus Family Foundation has awarded 60 individual grants totaling $9,362,498. 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
2021
Describe the Organization's Program Activity:
NONE - THE FOUNDATION CONDUCTS NO DIRECT CHARITABLE ACTIVITY. INSTEAD IT MAKES CHARITABLE CONTRIBUTIONS TO OTHER NON-FOR-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew E Beldin Vice President | 1 | $0 | |
Lia G Beldin Secretary | 1 | $0 | |
C Michelle Paulus President | 1 | $0 | |
Ana Sophia Augustenborg Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31 |
| Dividends & Interest | $336,665 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,448,266 |
| Capital Gain Net Income | $1,448,266 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $210,146 |
| Total Revenue | $1,995,108 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,913 |
| Total operating and administrative expenses | $74,463 |
| Contributions, gifts, grants paid | $1,085,000 |
| Total expenses and disbursements | $1,159,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $944,016 |
| 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 | $8,647,832 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $46,501 |
| Total assets | $11,293,638 |
| 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, Paulus Family Foundation has awarded $1,085,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Mount Vernon, WA PURPOSE: PROMOTE PHILANTHROPY AND POSITIVE CHANGE IN THE COMMUNITY | $250,000 |
SAN DIEGO CANYONLANDS PURPOSE: PROTECTION AND RESTORATION OF NATURAL CANYONS HABITAT | $150,000 |
La Jolla, CA PURPOSE: ENHANCING THE MARGIN OF EXCELLENCE AT UC SAN DIEGO BY SUPPORTING RESEARCH, TEACHING AND PUBLIC SERVICE. | $125,000 |
BURUNDI FRIENDS INTERNATIONAL PURPOSE: FIGHTING POVERTY AND EDUCATING YOUTH IN BURUNDI, AFRICA | $100,000 |
Santa Monica, CA PURPOSE: DELIVER HEALTH AND HOPE USING DONATED FLIGHTS TO SERVE THOSE WITH HEALTHCARE OF OTHER COMPELLING HUMAN NEEDS. | $100,000 |
San Diego, CA PURPOSE: PROVIDE MEDICAL SERVICES, CLINICAL RESEARCH AND HEALTH EDUCATION | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Islands Foundation Richland, WA | $219,157,832 | $26,464,404 |
Oscar T And Olivann Hokoldfoundation Lakewood, WA | $0 | $15,898,165 |
William A Looney Family Foundation Seattle, WA | $2,970,328 | $1,865,530 |
Fairview Foundation Seattle, WA | $22,161,652 | $15,221,518 |
Roundhouse Foundation Irrv Charitable Tr Sisters, OR | $376,773,592 | $260,472,613 |
James D And Sherry Raisbeck Foundation Seattle, WA | $19,522,688 | $18,818,250 |
Stolte Family Foundation Seattle, WA | $78,833,189 | $10,332,086 |
The Robert P Rotella Foundation Bellevue, WA | $0 | $9,974 |
Cambia Health Foundation Portland, OR | $95,632,719 | $22,110,074 |
All Alaska Longshore Health And Welfare Trust Fund Portland, OR | $15,094,245 | $10,298,043 |