Panorama Benevolent Fund
- Assets
- $12.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Lacey, WA
- Founding
- 12/1972
- Data as of
- 12/2021
- EIN
- 23-7191166
Organization Overview
Panorama Benevolent Fund is located in Lacey, WA. The organization was established in 1972. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panorama Benevolent Fund 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, Panorama Benevolent Fund generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $406.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL ASSISTANCE AND SOCIAL ASSISTANCE TO RESIDENTS OF PANORAMA, A RETIREMENT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE CURRENT FISCAL YEAR, CONTRIBUTIONS TOTALING 223,277 WERE MADE TO PANORAMA, A 501(C)(3) CORPORATION, I.D. 94-3048988. PANORAMA PROVIDES SERVICES FOR THE RESIDENTS OF PANORAMA, A RETIREMENT COMMUNITY.
INDIVIDUALS WHO REQUIRED FINANCIAL ASSISTANCE WERE ALL RESIDENTS OF PANORAMA, A RETIREMENT COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Eldenburg Vice Preside | OfficerTrustee | 4.5 | $0 |
Jerry Gjovaag President | OfficerTrustee | 4.5 | $0 |
Dave Bartruff Co-Treasurer | OfficerTrustee | 4.5 | $0 |
Defrance Clarke Co-Treasurer | OfficerTrustee | 7.5 | $0 |
Lu Hamacek Secretary | OfficerTrustee | 4.5 | $0 |
Ian Christopher Trustee | Trustee | 4.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $330,281 |
| Noncash contributions included in lines 1a–1f | $123,701 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,281 |
| Total Program Service Revenue | $0 |
| Investment income | $344,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,121,797 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,796,663 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $259,250 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,452 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,914 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,640 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,185 |
| All other expenses | $623 |
| Total functional expenses | $406,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,991 |
| Savings and temporary cash investments | $21,452 |
| 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 | $0 |
| Investments—publicly traded securities | $12,229,624 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,300,067 |
| Accounts payable and accrued expenses | $1,072 |
| 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 | $1,072 |
| Net assets without donor restrictions | $12,298,995 |
| Net assets with donor restrictions | $0 |
| 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 | $12,300,067 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Panorama Benevolent Fund has recieved totaling $109,777.
| Awarding Organization | Amount |
|---|---|
Panorama Lacey, WA PURPOSE: SUPPORT NEEDY RESIDENTS OF THE PANORAMA COMMUNITY | $108,804 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $973 |
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 |