Thunderbird Community Sports Foundation
- Assets
- $231.3k
- Revenue
- $68.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Kent, WA
- Founding
- 09/2008
- Data as of
- 12/2021
- EIN
- 26-1712275
Organization Overview
Thunderbird Community Sports Foundation is located in Kent, WA. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thunderbird Community Sports 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, Thunderbird Community Sports Foundation generated $68.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $59.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thunderbird Community Sports Foundation has awarded 30 individual grants totaling $250,377. 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
THE THUNDERBIRD COMMUNITY SPORTS FOUNDATION PROMOTES GOOD HEALTH, PHYSICAL EDUCATION, AND ACADEMIC ACHIEVEMENT BY PROVIDING SCHOLARSHIPS AND GRANTS FOR AMATEUR ATHLETES IN THE PUGET SOUND REGION, AS WELL AS PROVIDING GRANTS TO LOCAL YOUTH AND AMATEUR SPORTS ASSOCIATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S ONLY PROGRAMS ARE OPERATING A 50/50 RAFFLE AND A JERSEY RAFFLE AT THE HOME GAMES OF THE SEATTLE THUNDERBIRDS HOCKEY TEAM. THE MONEY IS COLLECTED FROM THE SALE OF RAFFLE TICKETS, WITH THE WINNER OF THE 50/50 RAFFLE TAKING 50% OF THE PROCEEDS, AND THE WINNER OF THE JERSEY RAFFLE WINNING A JERSEY. THE FOUNDATION KEEPS THE BALANCE OF THE FUNDS COLLECTED TO DEFRAY THE COSTS OF OPERATIONS AND THEN DISTRIBUTES THE REMAINDER TO THE COMMUNITY IN THE FORM OF GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Ronish Director | Trustee | 10 | $5,250 |
Russ Farwell President | OfficerTrustee | 2 | $0 |
Colin Campbell Secretary | OfficerTrustee | 2 | $0 |
Brenda Farwell Vice President | OfficerTrustee | 10 | $0 |
Dino W Traverso Treasurer | OfficerTrustee | 1 | $0 |
Ian Henry Director | Trustee | 1 | $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 | $1,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,250 |
| Total Program Service Revenue | $0 |
| Investment income | $10,903 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $56,080 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,233 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $48,140 |
| 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. | $5,250 |
| 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 | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,890 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $77 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $59,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,868 |
| Savings and temporary cash investments | $0 |
| 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 | $183,408 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $231,276 |
| Accounts payable and accrued expenses | $0 |
| 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 | $91 |
| Total liabilities | $91 |
| Net assets without donor restrictions | $0 |
| 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 | $231,185 |
| Total liabilities and net assets/fund balances | $231,276 |
Grants Awarded
Over the last fiscal year, Thunderbird Community Sports Foundation has awarded $30,653 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA OF GREATER SEATTLE PURPOSE: GENERAL FUNDING | $20,000 |
FEDERAL WAY KNIGHTS PURPOSE: GENERAL FUNDING | $5,566 |
SEQUOIA THERAPUDIC RECREATION PURPOSE: GENERAL FUNDING | $5,087 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon State University Bookstore Inc Corvallis, OR | $21,771,941 | $7,845,956 |
Cook Inlet Native Head Start Anchorage, AK | $12,985,374 | $6,716,000 |
Medina Foundation Seattle, WA | $101,561,812 | $2,836,899 |
Rainier Scholars Seattle, WA | $11,460,541 | $8,396,083 |
Salmon Public School Foundation Inc Salmon, ID | $1,849,221 | $774,057 |
People Sustaining Kings Valley Philomath, OR | $523,239 | $3,683,416 |
Idaho Virtual Education Partners Incorporated Star, ID | $2,036,199 | $3,090,250 |
Abiqua School Foundation Salem, OR | $1,742,920 | $3,255,719 |
Degrees Of Change Tacoma, WA | $2,092,589 | $1,696,414 |
Housing Northwest Corvallis Incorporated Portland, OR | $13,396,336 | $2,754,384 |
Yuut Elitnaurviat-Peoples Learning Center Bethel, AK | $27,267,665 | $3,283,648 |
Northwest Education Access Seattle, WA | $2,516,302 | $2,622,539 |