The Washington Times Foundation Inc
- Assets
- $38.4k
- Revenue
- $314.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/1996
- Data as of
- 03/2022
- EIN
- 52-1832151
Organization Overview
The Washington Times Foundation Inc is located in Washington, DC. The organization was established in 1996. According to its NTEE Classification (T40) the organization is classified as: Voluntarism Promotion, 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. Washington Times 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 03/2022, Washington Times Foundation Inc generated $314.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $272.0k during the year ending 03/2022. While expenses have increased by 4.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Moffitt Vp/secretary/executive | 40 | $92,700 | |
Sonoko Steinbronn Treasurer | 33 | $45,300 | |
Michael Jenkins President | 12 | $3,608 | |
Thomas Mcdevitt Director | 5 | $0 | |
Chang Shik Yang Director | 2 | $0 | |
Ki Hoon Kim Chairman | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Worldwide Speakers Group | 3/30/19 | $325,000 |
The Harry Walker Agency | 3/30/19 | $500,000 |
American Program Bureau | 3/30/19 | $200,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $253,672 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $60,955 |
| Other Income | $0 |
| Total Revenue | $314,627 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $141,608 |
| Other employee salaries and wages | $4,863 |
| Pension plans, employee benefits | $0 |
| Interest | $24 |
| Taxes | $12,165 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,969 |
| Printing and publications | $0 |
| Other expenses | $97,106 |
| Total operating and administrative expenses | $259,542 |
| Contributions, gifts, grants paid | $12,500 |
| Total expenses and disbursements | $272,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,937 |
| Savings and temporary cash investments | $2,637 |
| 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 | $795 |
| Total assets | $38,369 |
| Accounts payable and accrued expenses | $9,540 |
| 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 | $2,925 |
| Total liabilities | $12,465 |
Grants Awarded
Over the last fiscal year, The Washington Times Foundation Inc has awarded $38,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: CHARITABLE | $25,000 |
Washington, DC PURPOSE: CHARITABLE | $5,000 |
Alexandria, VA PURPOSE: CHARITABLE | $5,000 |
DON MEARES MINISTRIES PURPOSE: CHARITABLE | $3,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Washington Times Foundation Inc has recieved totaling $38,000.
| Awarding Organization | Amount |
|---|---|
Universal Peace Federation Usa Inc Washington, DC PURPOSE: support their outreach programs | $38,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jesuit Volunteers Baltimore, MD | $4,662,994 | $4,818,091 |
So What Else Inc Rockville, MD | $723,269 | $1,729,369 |
Volunteer Center Of Fairfax County Inc Fairfax, VA | $752,280 | $1,284,071 |
Volunteers Of America Inc Alexandria, VA | $2,634,242 | $340,637 |
Voluntary Action Center Of The Prince William Area Inc Manassas, VA | $277,372 | $715,329 |
Civic Leadership Institute Norfolk, VA | $733,120 | $508,888 |
Volunteers Of America Inc Alexandria, VA | $2,094,498 | $262,104 |
The Washington Times Foundation Inc Washington, DC | $38,369 | $314,627 |
Volunteer Alexandria Inc Alexandria, VA | $452,970 | $340,731 |
First Fridays At Five Inc Roanoke, VA | $26,703 | $164,804 |
People Helping People Of Fauguier County Inc Warrenton, VA | $67,215 | $0 |
Baltimore County Volunteer Firefighters Assoc Inc Towson, MD | $230,767 | $91,871 |