Washington Research Foundation
- Assets
- $331.5m
- Revenue
- $40.4m
- Investments
- $318.1m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 46-4105873
Organization Overview
Washington Research Foundation is located in Seattle, WA. The organization was established in 2014. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Research 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 06/2022, Washington Research Foundation generated $40.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 57.4% each year . All expenses for the organization totaled $18.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Washington Research Foundation has awarded 545 individual grants totaling $69,981,519. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE, ENCOURAGE, AND SUPPORT SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS. (RELATED GRANTS: $13,114,485)
ASSIST ELIGIBLE INSTITUTIONS TO APPLY FOR PATENTS RELATED TO DISCOVERIES, INVENTIONS, AND PROCESSES RESULTING FROM THEIR RESEARCH AND TO MANAGE PATENT RIGHTS. (RELATED GRANTS: $1,088,842)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Kent Carlson Director | 3 | $19,000 | |
Morgan Hellar Cfo/treasurer/secretary | 40 | $318,029 | |
Adriane Brown Director | 1 | $9,000 | |
Jacqueline Brainard Emami Director | 2 | $14,200 | |
Thomas Cable Director | 2 | $13,000 | |
Kevin Cable Director | 1 | $8,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldman Sachs & Co | 6/29/22 | $733,063 |
K&l Gates | 6/29/22 | $221,028 |
Education Executives Llc | 6/29/22 | $176,650 |
Emberone | 6/29/22 | $108,804 |
Clark Nuber | 6/29/22 | $107,768 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,913,452 |
| Interest on Savings | $148,885 |
| Dividends & Interest | $4,698,818 |
| Net Rental Income | -$170,514 |
| Net Gain on Sale of Assets | $32,386,424 |
| Capital Gain Net Income | $17,838,174 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $158,362 |
| Total Revenue | $40,434,478 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $810,853 |
| Other employee salaries and wages | $1,859,622 |
| Pension plans, employee benefits | $507,206 |
| Interest | $0 |
| Taxes | $476,890 |
| Depreciation | $10,305 |
| Occupancy | $292,492 |
| Travel, conferences, and meetings | $144,053 |
| Printing and publications | $14,577 |
| Other expenses | $544,524 |
| Total operating and administrative expenses | $6,406,725 |
| Contributions, gifts, grants paid | $12,451,699 |
| Total expenses and disbursements | $18,858,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,893,444 |
| Savings and temporary cash investments | $9,072,204 |
| Net Accounts receivable | $6,190 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $2,306,704 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $103,953,149 |
| Net Land, buildings, and equipment | $73,108 |
| Other assets | $0 |
| Total assets | $331,486,319 |
| Accounts payable and accrued expenses | $1,421,462 |
| Grants payable | $3,083,259 |
| 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 | $4,504,721 |
Grants Awarded
Over the last fiscal year, Washington Research Foundation has awarded $28,855,237 in support to 188 organizations.
| Grant Recipient | Amount |
|---|---|
WESTERN WASH UNIVERSITY PURPOSE: WRF POST-DOC FELLOWSHIP: WEITZ 2021 COHORT | $21,250 |
UNIVERSITY OF WASHINGTON PURPOSE: HUSKY MARCHING BAND - 40TH ANNIVERSARY | $500 |
WASHINGTON STEM PURPOSE: SUPORT FOR WASHINGTON STEM PROGRAMS (B. ETSCHEID) | $50,000 |
UNIVERSITY OF WASHINGTON PURPOSE: ARCS FELLOWSHIPS | $87,500 |
UNIVERSITY OF WASHINGTON PURPOSE: ARCS 2021 PARTNERSHIP (LUNCHEON) | $5,000 |
UNIVERSITY OF WASHINGTON PURPOSE: HINDS: UREA PHOTO-OXIDATION TO ENABLE PORTABLE/WEARABLE HEMODIALYSIS PHASE 2 | $230,052 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gary And Mary West Health Institute La Jolla, CA | $15,616,066 | $21,241,141 |
Washington Research Foundation Seattle, WA | $331,486,319 | $40,434,478 |
Seattle Institute For Biomedical And Clinical Research Seattle, WA | $16,684,792 | $19,540,425 |
Fogarty Institute For Innovation Mountain View, CA | $21,350,391 | $2,939,436 |
Sens Foundation Inc Mountain View, CA | $28,441,155 | $30,218,866 |