Drachen Foundation
- Assets
- $0.0
- Revenue
- $135.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 11/1995
- Data as of
- 12/2021
- EIN
- 84-1277286
Organization Overview
Drachen Foundation is located in Seattle, WA. The organization was established in 1995. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Drachen 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 12/2021, Drachen Foundation generated $135.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $296.5k during the year ending 12/2021. While expenses have increased by 10.3% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE KITE-RELATED ACTIVITIES.
TO PUBLISH EDUCATION MATERIAL ON KITES.
TO EDUCATE THE GENERAL PUBLIC AS TO THE ROLE OF KITES IN A CULTURE AND SCIENCE.
TO MAINTAIN AN ARCHIVE OF KITE-RELATED MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott R Skinner Board Chair | 0.1 | $0 | |
Martin Lester Director | 0.1 | $0 | |
Joe Hadzicki Director | 0.1 | $0 | |
Alison Fujino Executive Di | 5.46 | $8,053 | |
Jose Sainz Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $135,016 |
| 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 | $0 |
| Other Income | $0 |
| Total Revenue | $135,016 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,053 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $250 |
| Travel, conferences, and meetings | $791 |
| Printing and publications | $0 |
| Other expenses | $99,396 |
| Total operating and administrative expenses | $296,536 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $296,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Drachen Foundation has awarded $2,357 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TIETON ARTS HUMANITIES PURPOSE: FURTHER KITE ART | $562 |
WORLD KITE MUSUEM PURPOSE: FURTHER KITE ART | $100 |
NIC O'NEILL PURPOSE: FURTHER KITE ART | $1,500 |
AMERICAN KITE ASSOC PURPOSE: FURTHER KITE ART | $40 |
FRIENDS OF DARD HUNTER PURPOSE: FURTHER KITE ART | $155 |