The Washington Times Foundation Inc
- Assets
- $14.5k
- Revenue
- $517.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/1996
- Data as of
- 03/2024
- 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 03/2024, Washington Times Foundation Inc generated $517.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $530.5k during the year ending 03/2024. While expenses have increased by 11.4% per year over the past 9 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 |
|---|---|---|---|
Michael Jenkins President | 10 | $31,272 | |
Larry Moffitt Vp/secretary/executive | 40 | $92,400 | |
Thomas Mcdevitt Director | 5 | $0 | |
Chang Shik Yang Chairman | 5 | $0 | |
Ki Hoon Kim Co-Chairman | 2 | $0 | |
Sonoko Steinbronn Treasurer | 32 | $45,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Worldwide Speakers Group | 3/30/19 | $325,000 |
American Program Bureau | 3/30/19 | $200,000 |
The Harry Walker Agency | 3/30/19 | $500,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $515,494 |
| 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 | $1,920 |
| Other Income | $0 |
| Total Revenue | $517,414 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $168,672 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $24 |
| Taxes | $14,071 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $73,771 |
| Printing and publications | $0 |
| Other expenses | $272,465 |
| Total operating and administrative expenses | $530,476 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $530,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,165 |
| Savings and temporary cash investments | $2,589 |
| 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 | $14,549 |
| 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 | $788 |
| Total liabilities | $788 |
Grants Awarded
Over the last fiscal year, The Washington Times Foundation Inc has awarded $38,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CONGRESSIONAL CLUB MUSEUM AND FOUNDATION PURPOSE: CHARITABLE | $5,000 |
AMERICAN CONSERVATIVE UNION PURPOSE: CHARITABLE | $5,000 |
THE ORRIN G HATCH FOUNDATION PURPOSE: CHARITABLE | $25,000 |
DON MEARES MINISTRIES PURPOSE: CHARITABLE | $3,000 |