Potlatch Fund
- Assets
- $4.2m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 8
- Location
- Seattle, WA
- Founding
- 10/2004
- Data as of
- 12/2021
- EIN
- 73-1712905
Organization Overview
Potlatch Fund is located in Seattle, WA. The organization was established in 2004. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Potlatch Fund employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potlatch 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 12/2021, Potlatch Fund generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 6.6% 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.
Since 2014, Potlatch Fund has awarded 404 individual grants totaling $4,787,565. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE GIVING AND TO EXPAND PHILANTHROPY WITH NATIVE COMMUNITIES IN THE PACIFIC NORTHWEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT PROGRAM - IN 2021, POTLATCH FUND AWARDED 84 RECIPIENTS FROM WA, OR, ID & MT TOTALING $1,075,000 . THIS BRINGS OUR CUMULATIVE GIVING SINCE 2005 TO $6,975,000.00 MILLION DOLLARS GRANTED TO TRIBES, NATIVE-LED NONPROFITS AND GROUPS, AND NATIVE ARTISTS.
ADVOCACY - IN 2021, WE SERVED A GROUP OF NATIVE-LED NONPROFITS AND GROUPS WITH OPERATIONS BASED IN KING COUNTY.
CAPACITY BUILDING PROGRAM - 2021 WAS PAUSED AS AN OFFICIAL PROGRAM FOR THIS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cleora Hill-Scott Executive Director | Officer | 40 | $132,858 |
Susan Balbas Vice President | OfficerTrustee | 4 | $0 |
Celina Phair Treasurer | OfficerTrustee | 4 | $0 |
Meridith Parker Compliance | OfficerTrustee | 4 | $0 |
Amber Schulz-Oliver President | OfficerTrustee | 4 | $0 |
Jordan Lankford-Forster Secretary | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $224,599 |
| Related organizations | $0 |
| Government grants | $508,571 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,217,029 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,950,199 |
| Total Program Service Revenue | $0 |
| Investment income | $1,095 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$20,100 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,931,194 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $875,000 |
| Grants and other assistance to domestic individuals. | $335,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $143,940 |
| Compensation of current officers, directors, key employees. | $45,595 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $407,218 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,477 |
| Payroll taxes | $46,610 |
| Fees for services: Management | $323,709 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $81,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $105 |
| Office expenses | $25,266 |
| Information technology | $6,211 |
| Royalties | $0 |
| Occupancy | $546 |
| Travel | $78,947 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,352 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,006 |
| All other expenses | $0 |
| Total functional expenses | $2,407,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,753 |
| Savings and temporary cash investments | $3,581,371 |
| Pledges and grants receivable | $287,860 |
| 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 | $4,967 |
| Net Land, buildings, and equipment | $5,983 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,173,934 |
| Accounts payable and accrued expenses | $48,929 |
| Grants payable | $175,000 |
| 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 | $223,929 |
| Net assets without donor restrictions | $3,517,505 |
| Net assets with donor restrictions | $432,500 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,173,934 |
Grants Awarded
Over the last fiscal year, Potlatch Fund has awarded $858,350 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
PORT GAMBLE S'KLALLAM TRIBE PURPOSE: RESILIENCY FUND | $45,000 |
SNOQUALMOO NATION PURPOSE: WASHINGTON EQUITY RELIEF FUND | $40,000 |
SNOHOMISH TRIBE OF INDIANS PURPOSE: WASHINGTON EQUITY RELIEF FUND | $40,000 |
MARIETTA BAND OF NOOKSACK TRIBE PURPOSE: WASHINGTON EQUITY RELIEF FUND | $40,000 |
STEILACOOM TRIBE PURPOSE: WASHINGTON EQUITY RELIEF FUND | $40,000 |
KIKIALLUS INDIAN NATION PURPOSE: WASHINGTON EQUITY RELIEF FUND | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Potlatch Fund has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Hugh And Jane Ferguson Foundation Seattle, WA PURPOSE: CULTURAL INSTITUTIONS & PROJECTS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sealaska Heritage Institute Juneau, AK | $51,675,052 | $26,019,204 |
Alaska Native Heritage Center Inc Anchorage, AK | $24,030,131 | $11,226,871 |
Brothers For Life Seattle, WA | $4,440,367 | $6,321,338 |
Apano Communities United Fund Portland, OR | $4,683,636 | $5,442,613 |
Native Village Of Buckland Buckland Native Store Buckland, AK | $1,489,143 | $4,536,505 |
Native Arts And Cultures Foundation Inc Portland, OR | $23,796,396 | $14,906,833 |
Native Village Of Point Lay 3ba Point Lay, AK | $314,221 | $2,728,082 |
Potlatch Fund Seattle, WA | $4,173,934 | $2,931,194 |
Robert Aqqaluk Newlin Sr Memorial Trust Kotzebue, AK | $37,919,726 | $3,778,616 |
Accion Politica Pcunista Woodburn, OR | $202,391 | $1,645,822 |
Native Village Of Shaktoolik Shaktoolik, AK | $586,834 | $1,643,365 |
Morris Thomspon Cultural & Visitors Center Fairbanks, AK | $17,042,813 | $971,715 |