Mack Foundation
- Assets
- $2.3m
- Revenue
- $704.0k
- Investments
- $2.2m
- Employees
- 0
- Location
- Bainbridge Island, WA
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-1580680
Organization Overview
Mack Foundation is located in Bainbridge Island, WA. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Mack 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 12/2022, Mack Foundation generated $704.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $62.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mack Foundation has awarded 40 individual grants totaling $932,773. 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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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foster Law Group Pllc | 12/30/18 | $1,296 |
Smith & Dekay Ps | 12/30/18 | $4,000 |
Us Trust | 12/30/18 | $6,809 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,155 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $645,836 |
| Capital Gain Net Income | $645,836 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $703,991 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,374 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,827 |
| Total operating and administrative expenses | $22,559 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $62,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,775 |
| Savings and temporary cash investments | $120,509 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,306,356 |
| 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, Mack Foundation has awarded $40,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
RHF FOUNDATION PURPOSE: GENERAL SUPPORT | $25,000 |
Northfield, VT PURPOSE: GENERAL SUPPORT | $10,000 |
Rockledge, FL PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philanthropy Northwest Seattle, WA | $9,442,103 | $7,893,544 |
Names Family Foundation Fircrest, WA | $140,493,292 | $4,553,326 |
Spokane Housing Ventures Spokane, WA | $41,846,446 | $7,474,764 |
Wesley Homes Foundation A Supporting Organization Des Moines, WA | $19,577,190 | $4,930,467 |
Consumer Voices Are Born Vancouver, WA | $1,434,971 | $3,293,379 |
Fish Ellensburg, WA | $3,698,785 | $3,084,474 |
Washington Alliance For Better Schools Shoreline, WA | $1,940,818 | $2,998,308 |
The Big Table Spokane, WA | $1,821,541 | $2,378,670 |
Pullman Regional Hospital Foundation Pullman, WA | $4,880,325 | $3,359,569 |
Bob Belloni Ranch Inc Coos Bay, OR | $1,344,837 | $2,224,327 |
B P Lester & Regina John Foundation Portland, OR | $36,917,772 | $3,830,649 |
Film Action Oregon Portland, OR | $3,613,705 | $1,856,178 |