Halvorson Charities Fund
- Assets
- $5.8m
- Revenue
- $197.7k
- Investments
- $4.4m
- Employees
- 0
- Location
- Kirkland, WA
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 42-1744781
Organization Overview
Halvorson Charities Fund is located in Kirkland, WA. The organization was established in 2009. 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. Halvorson Charities 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 12/2023, Halvorson Charities Fund generated $197.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.1%) each year. All expenses for the organization totaled $297.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Halvorson Charities Fund has awarded 47 individual grants totaling $1,111,300. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PLEASE SEE MISSION STATEMENT BELOW: CONDUCTS AND SUPPORTS ACTIVITIES EXCLUSIVELY FOR THE BENEFIT OF EVANGELICAL CHRISTIAN CHURCHES, CHARITABLE RELIEF ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
KING'S SCHOOLINSPIRING AND TRANSFORMING LIVES OF STUDENTS THROUGH EXCEPTIONAL CHRISTIAN EDUCATION
SEATTLE UNION GOSPEL MISSIONIS TO BRING THE LOVE OF JESUS AND HOPE FOR A NEW LIFE TO OUR HOMELESS NEIGHBORS.
CRISTA CAMPSARE POSITIVE CHRISTIAN FOCUSED CAMPS, ISLAND LAKE AND MIRACLE RANCH, FOR YOUTH, THE NEEDY AND ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Edlund President | Trustee | 5 | $0 |
Scott Chin Director | Trustee | 5 | $0 |
Douglas Sutten Treasurer | Trustee | 5 | $0 |
Brenda Halvorson Director | Trustee | 5 | $0 |
E Kent Halvorson Secretary | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $207,455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,725 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $197,730 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $271,500 |
| 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. | $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 | $4,798 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,498 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $220 |
| 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 | $297,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,688 |
| Savings and temporary cash investments | $1,289,179 |
| 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 | $0 |
| Investments—other securities | $4,429,090 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,793,957 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $5,793,957 |
| Total liabilities and net assets/fund balances | $5,793,957 |
Grants Awarded
Over the last fiscal year, Halvorson Charities Fund has awarded $271,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE 4 KIDS INTERNATIONAL PURPOSE: DRILLING WELLS FOR SAFE WATER IN AFRICA | $21,500 |
BELLEVUE CHRISTIAN SCHOOL PURPOSE: SUPPORT LOCAL MISSION TRIP EXPERIENCE | $20,000 |
CRISTA KING'S SCHOOL PURPOSE: SUPPORT ALTERNATIVE CHRISTIAN EDUCATIONAL COMMUNITY | $37,500 |
CRISTA CAMPS PURPOSE: SUPPORT POSITIVE CHRISTIAN FOCUSED CAMPS | $37,500 |
SEATTLE'S UNION GOSPEL MISSION PURPOSE: SUPPORT MEALS ANF SHELTER WITH SPRITUAL FOCUS | $75,000 |
EAGLE WINGS DISABILITY MINISTRIES PURPOSE: BRINGING PERSONS WITH DISABILITIES TOGETHER INTO RELATIONSHIP | $25,000 |