Garneau-Nicon Family Foundation
- Assets
- $22.1m
- Revenue
- $9.5m
- Investments
- $11.1m
- Employees
- 0
- Location
- North Bend, WA
- Founding
- 03/2012
- Data as of
- 12/2023
- EIN
- 27-5137452
Organization Overview
Garneau-Nicon Family Foundation is located in North Bend, WA. The organization was established in 2012. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garneau-Nicon Family 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 12/2023, Garneau-Nicon Family Foundation generated $9.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 9 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, Garneau-Nicon Family Foundation has awarded 369 individual grants totaling $6,087,245. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leeanna Shaw Chairman | 15 | $0 | |
Larry Shaw President | 3 | $0 | |
Roy Schiferl Vice President | 3 | $0 | |
Lacey Norman-Starns Treasurer | 40 | $148,250 | |
Joyce Schiferl Secretary | 3 | $0 | |
Chris Anderson Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,500,000 |
| Interest on Savings | $1,912 |
| Dividends & Interest | $314,999 |
| Net Rental Income | $88,412 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,522,528 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $178,050 |
| Other employee salaries and wages | $50,800 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $105,315 |
| Depreciation | $125,728 |
| Occupancy | $81,034 |
| Travel, conferences, and meetings | $8,562 |
| Printing and publications | $1,194 |
| Other expenses | $482,846 |
| Total operating and administrative expenses | $1,099,547 |
| Contributions, gifts, grants paid | $324,495 |
| Total expenses and disbursements | $1,424,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $893,040 |
| 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 | $8,505,318 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,426,478 |
| Net Land, buildings, and equipment | $1,607,617 |
| Other assets | $736 |
| Total assets | $22,128,050 |
| 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, Garneau-Nicon Family Foundation has awarded $324,495 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
ATLANTIC STREET CENTER PURPOSE: SUPPORT FOR VICTIMS OF COLOR | $12,000 |
AUDIO BOOK MINISTRIES PURPOSE: CHRISTIAN LIBRARY FOR THE BLIND | $5,000 |
BACKPACK BRIGADE PURPOSE: SCHOOL SUPPLIES, LUNCHES & BACKPACKS FOR UNDERSERVED STUDENTS | $15,000 |
BIRTHDAY DREAMS PURPOSE: BIRTHDAY PARTIES FOR CHILDREN EXPERIENCING HOMELESSNESS | $3,000 |
BRIDGE DISABILITY MINISTRIES PURPOSE: DISABILITY ADVOCACY PROGRAMS | $2,000 |
CENTRUM PURPOSE: SCHOLARSHIPS FOR MINORITY & UNDERSERVED GROUPS TO ATTEND SUMMER YOUTH PROGRAMS | $5,000 |