Thomas And Cindy Massie Foundation
- Assets
- $24.5m
- Revenue
- $2.0m
- Investments
- $11.2m
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 20-0491278
Organization Overview
Thomas And Cindy Massie Foundation is located in Anchorage, AK. The organization was established in 2006. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Thomas And Cindy Massie 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, Thomas And Cindy Massie Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Thomas And Cindy Massie Foundation has awarded 59 individual grants totaling $3,616,470. 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
2021
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 |
|---|---|---|---|
Thomas Massie Director | 0 | $0 | |
Cindy Massie Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $113,289 |
| Dividends & Interest | $232,716 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,494,059 |
| Capital Gain Net Income | $1,494,059 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $154,305 |
| Total Revenue | $1,994,369 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,525 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $131,563 |
| Contributions, gifts, grants paid | $899,958 |
| Total expenses and disbursements | $1,031,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $495,427 |
| 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 | $0 |
| Net Land, buildings, and equipment | $375,303 |
| Other assets | $12,528,721 |
| Total assets | $24,549,633 |
| 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, Thomas And Cindy Massie Foundation has awarded $899,958 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ALASKA COMMUNITY FUND (DAF) PURPOSE: DONATION | $490,000 |
MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC PURPOSE: DONATION | $200,000 |
ALASKA CONFERENCE PURPOSE: DONATION | $55,700 |
KICY PURPOSE: DONATION | $50,000 |
BSSD PURPOSE: DONATION | $25,000 |
BERING STRAIT FDN PURPOSE: DONATION | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Henry M Jackson Endowment Seattle, WA | $0 | $1,040,136 |
Tsf Properties Seattle, WA | $7,170 | $6,678,409 |
Bridgeview Housing Vancouver, WA | $4,599,663 | $4,544,250 |
Community Roots Holding Foundation Seattle, WA | $1,111,043 | $1,434,819 |
4us Yelm, WA | $959,624 | $1,678,230 |
Bethel Community Services Foundation Inc Bethel, AK | $5,857,008 | $1,238,973 |
Good Samaritan Foundation Tacoma, WA | $0 | $4,645,685 |
Thomas And Cindy Massie Foundation Anchorage, AK | $24,549,633 | $1,994,369 |
Highline Schools Foundation For Excellence Burien, WA | $4,255,565 | $1,198,964 |
Olympic College Foundation Bremerton, WA | $22,606,117 | $2,519,893 |
Providence Marianwood Foundation Issaquah, WA | $1,339,784 | $520,932 |
Sakila Sponsorship Program Port Orchard, WA | $77,637 | $293,222 |