Dennis R Washington Foundation Inc
- Assets
- $979.8m
- Revenue
- $14.9m
- Investments
- $966.8m
- Employees
- 0
- Location
- Missoula, MT
- Founding
- 01/1989
- Data as of
- 12/2022
- EIN
- 36-3606913
Organization Overview
Dennis R Washington Foundation Inc is located in Missoula, MT. The organization was established in 1989. 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. Dennis R Washington Foundation Inc 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 12/2022, Dennis R Washington Foundation Inc generated $14.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.1%) each year. All expenses for the organization totaled $61.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2013, Dennis R Washington Foundation Inc has awarded 4,964 individual grants totaling $430,052,196. 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 |
|---|---|---|---|
Phyllis J Washington Director | 5 | $0 | |
Jerry K Lemon Chief Investment Officer | 4 | $0 | |
Mike Halligan Exec. Director/vice President | 40 | $223,573 | |
Kevin Washington Director | 1 | $0 | |
Kyle Washington Director | 1 | $0 | |
Matthew K Rose President/director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Income Research & Management | 12/30/22 | $695,860 |
Fiducient Advisors | 12/30/22 | $521,651 |
Northern Trust | 12/30/22 | $72,341 |
Clark Nuber Ps | 12/30/22 | $67,455 |
Kpmg Llp | 12/30/22 | $64,023 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,122,356 |
| Interest on Savings | $9,247,122 |
| Dividends & Interest | $8,289,864 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,788,556 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $38,007 |
| Total Revenue | $14,908,793 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $260,785 |
| Other employee salaries and wages | $157,809 |
| Pension plans, employee benefits | $31,969 |
| Interest | $0 |
| Taxes | $572,412 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $13,222 |
| Printing and publications | $3,346 |
| Other expenses | $18,868 |
| Total operating and administrative expenses | $2,435,535 |
| Contributions, gifts, grants paid | $59,197,594 |
| Total expenses and disbursements | $61,633,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,059 |
| Savings and temporary cash investments | $12,033,158 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $530,109 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $3,367 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $521,544,156 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $979,809,616 |
| Accounts payable and accrued expenses | $3,613,858 |
| Grants payable | $41,165,953 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,913,989 |
| Total liabilities | $46,693,800 |
Grants Awarded
Over the last fiscal year, Dennis R Washington Foundation Inc has awarded $49,911,064 in support to 513 organizations.
| Grant Recipient | Amount |
|---|---|
A CAROUSEL FOR MISSOULA FOUNDATION INC PURPOSE: RIDE TOKENS FOR THE DISADVANTAGED | $5,000 |
A FAMILY FOR EVERY CHILD PURPOSE: RESILIENT FAMILIES PROGRAM / POSITIVE BUFFERS TO HELP OFFSET CHILDHOOD ADVERSITIES | $10,000 |
ABSAROKEE AREA FOOD BANK PURPOSE: 2022 HOLIDAY GIVING | $1,000 |
A SMALL ACT OF KINDNESS PURPOSE: GENERAL OPERATIONS | $2,500 |
ALBERTON COMMUNITY FOOD BANK PURPOSE: 2022 HOLIDAY GIVING | $2,500 |
ALLIANCE FOR YOUTH INC PURPOSE: YOUTH RESOURCE CENTER - BASIC NEEDS AND YOUTH TO YOUTH PEER SUPPORT AND CARE COORDINATION | $20,000 |