Seattle Pacific Foundation

Organization Overview

Seattle Pacific Foundation is located in Seattle, WA. The organization was established in 1979. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Seattle Pacific Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle Pacific 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 06/2021, Seattle Pacific Foundation generated $736.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $817.9k during the year ending 06/2021. While expenses have increased by 9.1% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT GOALS AND ACTIVITIES OF SEATTLE PACIFIC UNIVERSITY AND OTHER EDUCATIONAL, RELIGIOUS, AND CHARITABLE ORGANIZATIONS THROUGH THE INVESTMENT OF ENDOWMENT AND TRUST ASSETS AND THE MANAGEMENT OF TRUSTS AND ANNUITIES.

Describe the Organization's Program Activity:

INVESTMENT MANAGEMENT OF UNIVERSITY ENDOWMENT FUNDS AND ADMINISTRATION OF CHARITABLE TRUSTS WHERE SEATTLE PACIFIC UNIVERSITY AND OTHER 501(C)(3) CHARITIES ARE THE CHARITABLE REMAINDERMEN.


CHARITABLE CONTRIBUTIONS REPORTED ON FORM 1065 SCHEDULE K-1 FOR NORTHPOINT, LLC.


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Board, Officers & Key Employees

Name (title)Compensation
Brian Ficken
Treasurer
$114,015
Craig Kispert
Vice Chair
$0
Mark L Cederborg
Chair
$0
Donald W Mortenson
Director
$0
Michael D Mckee
Director
$0
Gordon A Nygard
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$28,918
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$28,918
Total Program Service Revenue$0
Investment income $20,107
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $662
Net Gain/Loss on Asset Sales $3,643
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $736,605

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Seattle Pacific Foundation has recieved totaling $270,917.

Awarding OrganizationAmount
Clairmont L & Evelyn S Egtvedt Charitable Trust

Las Vegas, NV

PURPOSE: GENERAL OPERATING

$259,452
Waldemar L Stein Foundation

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$9,465
Stephen D & Cynthia R Kenagy Foundation

Eagle, ID

PURPOSE: ENDOWMENT SCHOLARSHIP FUND

$2,000
View Grant Recipient Profile

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