Thomas V Giddens Foundation
- Assets
- $18.7m
- Revenue
- $1.2m
- Investments
- $17.2m
- Employees
- 0
- Location
- Fircrest, WA
- Founding
- 08/2004
- Data as of
- 12/2023
- EIN
- 41-2047741
Organization Overview
Thomas V Giddens Foundation is located in Fircrest, WA. The organization was established in 2004. 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. Thomas V Giddens 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, Thomas V Giddens Foundation generated $1.2m 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 (26.3%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thomas V Giddens Foundation has awarded 319 individual grants totaling $7,876,400. 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 |
|---|---|---|---|
Mark Kotnour Treasurer & Director | 40 | $161,400 | |
Richard Watkins President & Director | 40 | $161,400 | |
Sam Watkins Secretary & Director | 10 | $20,400 | |
Timothy Kotnour Vice President & Director | 40 | $122,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $570,691 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $388,983 |
| Capital Gain Net Income | $388,983 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $282,090 |
| Total Revenue | $1,241,764 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $465,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,342 |
| Interest | $0 |
| Taxes | $54,201 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,839 |
| Total operating and administrative expenses | $606,176 |
| Contributions, gifts, grants paid | $900,000 |
| Total expenses and disbursements | $1,506,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,501,039 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $17,178,849 |
| Net Land, buildings, and equipment | $1,509 |
| Other assets | $800 |
| Total assets | $18,682,197 |
| 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, Thomas V Giddens Foundation has awarded $900,000 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
RUTH'S PLACE PURPOSE: GENERAL SUPPORT | $80,000 |
OLYMPIC ANGELS PURPOSE: GENERAL SUPPORT | $30,000 |
METHOW VALLEY NORDIC SKI EDUCATIONAL FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
PROGRAM FOR EARLY PARENT SUPPORT PURPOSE: GENERAL SUPPORT | $10,000 |
GRANBURY ISD MCJROTC PURPOSE: GENERAL SUPPORT | $50,000 |
MULTICULTURAL CHILD AND FAMILY HOPE CENTER PURPOSE: GENERAL SUPPORT | $40,000 |