Excellence Initiative
- Assets
- $71.0m
- Revenue
- $16.5m
- Investments
- $42.2m
- Employees
- 0
- Location
- Kirkland, WA
- Founding
- 09/2018
- Data as of
- 12/2023
- EIN
- 83-1718168
Organization Overview
Excellence Initiative is located in Kirkland, WA. The organization was established in 2018. According to its NTEE Classification (A02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Excellence Initiative 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 12/2023, Excellence Initiative generated $16.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $200.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Excellence Initiative has awarded 12 individual grants totaling $375,671. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EXCELLENCE IN ARTS, SCIENCE, EDUCATION AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR EDUCATIONAL PROGRAMS FOR THOUSANDS OF LOW-INCOME STUDENTS GLOBALLY
SUPPORT FOR CAPACITY AND QUALITY IMPROVEMENTS IN HEALTHCARE GLOBALLY
TO SUPPORT EDUCATIONAL PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rajeev Agarwal President & Treasurer | 2 | $0 | |
Arpita Agarwal Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,978,035 |
| Interest on Savings | $1,332,900 |
| Dividends & Interest | $908,939 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,239,591 |
| Capital Gain Net Income | $2,239,591 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,459,465 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,164 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30,238 |
| Total operating and administrative expenses | $32,402 |
| Contributions, gifts, grants paid | $167,768 |
| Total expenses and disbursements | $200,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,821,205 |
| Savings and temporary cash investments | $0 |
| 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 | $3,253,520 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $71,038,071 |
| 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, Excellence Initiative has awarded $167,768 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DR SHROFF'S CHARITY EYE HOSPITAL PURPOSE: TO SUPPORT EYE SERVICES FOR THE UNDERPRIVILEGED. | $147,767 |
SANSKRUTI FOUNDATION PURPOSE: TO ASSIST WITH FINANCIAL AID, FOOD, MEDICAL SUPPLIES, CLOTHING, AND BOOKS OF THE NEEDY. | $10,001 |
FOUNDATION OF THE DALAI LAMA PURPOSE: TO SUPPORT EDUCATION. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chugach Regional Resources Anchorage, AK | $4,258,033 | $4,808,358 |
Environment And Culture Partners Tacoma, WA | $116,738 | $322,246 |
Arts Northwest Port Angeles, WA | $146,114 | $236,751 |
Excellence Initiative Kirkland, WA | $71,038,071 | $16,459,465 |
Moving Image Preservation Of Puget Sound Seattle, WA | $203,231 | $0 |
Sasquatch Hr Inc Portland, OR | $0 | $85,997 |
Recordially Yours Projects Portland, OR | $68,049 | $0 |
Latin Business Association Pasco, WA | $25 | $0 |