Mountaineers Foundation
- Assets
- $5.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Bremerton, WA
- Founding
- 05/1969
- Data as of
- 12/2021
- EIN
- 23-7023350
Organization Overview
Mountaineers Foundation, operating under the name Keta Legacy Foundation, is located in Bremerton, WA. The organization was established in 1969. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Keta Legacy Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keta Legacy 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, Keta Legacy Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.1% each year . All expenses for the organization totaled $744.5k during the year ending 12/2021. While expenses have increased by 20.7% per year over the past 7 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 2015, Keta Legacy Foundation has awarded 16 individual grants totaling $294,025. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ACTIONS AND FOSTER UNDERSTANDING TO INSPIRE CONSERVATION FROM THE RHODODENDRON PRESERVE TO THE SALISH SEA REGION
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY GRANTS: KETA LEGACY FOUNDATION FUNDS CONSERVATION EDUCATION EFFORTS OF PARTNER ORGANIZATIONS THAT SHARE OUR MISSION AND VISION. WE OFFER SEVERAL COMPETITIVE GRANTS OVER THE YEAR. THE FOUNDATION MADE GRANTS TO PARTNER ORGANIZATIONS TO INSPIRE AND EDUCATE YOUTH AND ADULTS ABOUT OUR REGION AND ITS ECOLOGY.
RHODODENDRON PRESERVE: THE MATURE FORESTS AND SALMON-BEARING STREAMS WITHIN THIS UNIQUE PRESERVE PROVIDE A GLIMPSE OF NATURAL HABITATS WITH MINIMAL HUMAN IMPACT. THE PRESERVE IS COMPRISED OF 466 ACRES OF LAND MANAGED FOR CONSERVATION AND LOW-IMPACT VISITOR ACCESS. THE MATURE CONIFER FORESTS AND STREAMS ARE HOME TO BEAR, BOBCAT AND SEVERAL SPECIES OF SALMON. THE FOUNDATION MAINTAINS A TRAIL TO THE OLDEST PUBLICLY ACCESSIBLE DOUGLAS FIR ON THE KITSAP PENINSULA.
EDUCATION: THE FOUNDATION OFFERS SEVERAL EDUCATION OPPORTUNITIES AT THE PRESERVE, INCLUDING PASSIVE RECREATION AS WELL AS ACTIVE EVENTS. IN 2019, THE KETA LEGACY FOUNDATION HOSTED OVER 100 ELEMENTARY, SECONDARY & POST-SECONDARY STUDENTS ON THE RHODODENDRON PRESERVE IN EDUCATIONAL AND CONSERVATION/RESTORATION ACTIVITIES. THE FOUNDATION ALSO PARTNERS WITH GIRL SCOUTS OF AMERICA IN A TREE PLANTING PROGRAM ON THE PRESERVE. KETA LEGACY FOUNDATION PLAYED HOST AND PROVIDED DOCENTS FOR THE ANNUAL SALMON TOURS EVENT AT THE RHODODENDRON PRESERVE. THIS ANNUAL EVENT PROVIDES CLOSE UP EXPERIENCES FOR THE PUBLIC TO SEE SPAWNING SALMON IN THEIR NATIVE HABITAT.
BOARD DISCRETIONARY GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Eby Treasurer | OfficerTrustee | 3 | $0 |
Jeff Wirtz President | OfficerTrustee | 3 | $0 |
Nancy Neyenhouse Vice President | OfficerTrustee | 4 | $0 |
Mindy Roberts Secretary | OfficerTrustee | 6 | $0 |
Linda Anderson-Carnahan Director | Trustee | 2 | $0 |
Rick Gillatt Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,514 |
| Membership dues | $0 |
| Fundraising events | $2,375 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $891,832 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $895,721 |
| Total Program Service Revenue | $0 |
| Investment income | $42,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $303,484 |
| Net Income from Fundraising Events | -$1,660 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,239,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $97,975 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,084 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $777 |
| Payroll taxes | $5,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $515,884 |
| Fees for services: Accounting | $7,869 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,854 |
| Fees for services: Other | $21,587 |
| Advertising and promotion | $2,389 |
| Office expenses | $11,344 |
| Information technology | $7,652 |
| Royalties | $0 |
| Occupancy | $26,533 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $316 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $744,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,246 |
| Savings and temporary cash investments | $112,128 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,939,815 |
| Investments—publicly traded securities | $3,172,874 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,245,063 |
| Accounts payable and accrued expenses | $300 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $300 |
| Net assets without donor restrictions | $4,256,792 |
| Net assets with donor restrictions | $987,971 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,245,063 |
Grants Awarded
Over the last fiscal year, Mountaineers Foundation has awarded $61,875 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Snohomish, WA PURPOSE: TRAIL MANTENANCE | $16,875 |
Philadelphia, PA PURPOSE: CONSERVATION EDUCATION | $15,000 |
Vashon, WA PURPOSE: CONSERVATION EDUCATION | $15,000 |
Bremerton, WA PURPOSE: CONSERVATION EDUCATION | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mountaineers Foundation has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Endowment Analysis
| Beg. Balance | $656,710 |
| Grants | $656,710 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bezos Family Foundation Seattle, WA | $130,746,152 | $60,417,966 |
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
Raikes Foundation Seattle, WA | $117,221,519 | $16,360,598 |
Aldarra Foundation Seattle, WA | $1,907,346 | $20,570,824 |
James F And Marion L Miller Foundation Portland, OR | $164,280,841 | $30,090,803 |
Gary E Milgard Family Foundation-Cari Tacoma, WA | $114,220,911 | $3,602,287 |
Samis Foundation Seattle, WA | $93,922,239 | $13,751,752 |
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
The Russell Family Foundation Gig Harbor, WA | $102,077,149 | $6,093,203 |
Mckenzie River Gathering Foundation Portland, OR | $17,520,565 | $8,839,824 |
Gary E Milgard Family Foundation - Mark Tacoma, WA | $117,467,534 | $7,345,386 |
The Sarkowsky Family Charitable Foundation Seattle, WA | $565,957 | $3,012,734 |