Washington Forrest Foundation
- Assets
- $12.9m
- Revenue
- $621.8k
- Investments
- $11.9m
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 12/1968
- Data as of
- 06/2023
- EIN
- 23-7002944
Organization Overview
Washington Forrest Foundation is located in Arlington, VA. The organization was established in 1968. 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. Washington Forrest 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 06/2023, Washington Forrest Foundation generated $621.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.4%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Washington Forrest Foundation has awarded 383 individual grants totaling $5,671,980. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie S Ariail Chair | 0 | $0 | |
Rachel G Mrad Treasurer | 10 | $0 | |
Allison A Erdle Executive Director | 30 | $127,760 | |
David D Peete Jr Vice Chair | 0 | $0 | |
Daniel Lucckese Director | 0 | $0 | |
Benjamin C Gravett Jr Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $54,119 |
| Dividends & Interest | $166,105 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $248,267 |
| Capital Gain Net Income | $248,267 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $153,272 |
| Total Revenue | $621,763 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $198,890 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $3,605 |
| Interest | $0 |
| Taxes | $16,900 |
| Depreciation | $5,904 |
| Occupancy | $2,250 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $289,562 |
| Total operating and administrative expenses | $553,278 |
| Contributions, gifts, grants paid | $1,184,950 |
| Total expenses and disbursements | $1,738,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,022,190 |
| 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 | $1,023,370 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,037 |
| Total assets | $12,895,653 |
| 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 | $106,229 |
| Total liabilities | $106,229 |
Grants Awarded
Over the last fiscal year, Washington Forrest Foundation has awarded $1,184,950 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
AHC INC PURPOSE: BETTER SOCIAL SERVICES OUTCOMES | $30,000 |
ACT FOR ALEXANDRIA PURPOSE: YOUTH SUPPORT NETWORK AND YOUTH COUNCIL | $5,000 |
AMERICAN CANCER SOCIETY CANCER ACTION NETWORK INC PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
APS-ALICE FLEET ELEMENTARY SCHOOL PURPOSE: STUDENT SCHOLARSHIP AND ENRICHMENT | $6,000 |
ARLINGTON ARTS CENTER PURPOSE: GENERAL OPERATING SUPPORT | $8,500 |
ARLINGTON CAREER CENTER PURPOSE: ARTIFICIAL INTELLIGENCE CLUB AT ACC | $10,000 |