The Harry And Masie Masto Foundation
- Assets
- $8.1m
- Revenue
- $496.3k
- Investments
- $7.8m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 02/1981
- Data as of
- 12/2023
- EIN
- 91-1117863
Organization Overview
The Harry And Masie Masto Foundation is located in Seattle, WA. The organization was established in 1981. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Harry And Masie Masto 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 12/2023, Harry And Masie Masto Foundation generated $496.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 46.3% each year . All expenses for the organization totaled $974.2k during the year ending 12/2023. While expenses have increased by 36.6% 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.
Since 2015, Harry And Masie Masto Foundation has awarded 174 individual grants totaling $2,756,076. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison J Sparks Executive Director | 35 | $165,000 | |
Sherrie J Sparks Trustee/president | 4 | $0 | |
Tiffany J Sparks-Keeney Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $149,302 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $345,687 |
| Capital Gain Net Income | $345,687 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,299 |
| Total Revenue | $496,288 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $165,000 |
| Other employee salaries and wages | $10,663 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38,531 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,655 |
| Printing and publications | $449 |
| Other expenses | $19,834 |
| Total operating and administrative expenses | $365,202 |
| Contributions, gifts, grants paid | $608,973 |
| Total expenses and disbursements | $974,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $217,485 |
| 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 | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,948 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $297 |
| Total assets | $8,107,247 |
| Accounts payable and accrued expenses | $8,653 |
| Grants payable | $187,888 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $24,613 |
| Total liabilities | $221,154 |
Grants Awarded
Over the last fiscal year, The Harry And Masie Masto Foundation has awarded $744,363 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
ASIAN AMERICAN FUTURES PURPOSE: CHAMPION PARTNERSHIP FOR GOLD FUTURES CHALLENGE | $25,000 |
ASIAN AMERICAN WOMENS POLITICAL INITIATIVE INC PURPOSE: TO SUPPORT THE ONLY POLITICAL LEADERSHIP ORG FOR ASIAN-AMERICAN AND PACIFIC ISLANDER WOMEN IN THE US | $20,000 |
ASIAN AMERICANS PACIFIC ISLANDER IN PHILANTHROPYCHANGE PHILANTHROPY PURPOSE: TO SUPPORT AAPIP'S 2023 CONVENING | $10,000 |
BLACK LESBIANS UNITED PURPOSE: GENERAL OPERATING SUPPORT FROM THE TRUST BLACK WOMEN INITIATIVE | $10,000 |
CENTER FOR ECONOMIC DEMOCRACY PURPOSE: SUPPORT FOR JUST TRANSITION INVESTMENT COMMUNITY GOVERNING BODY MEMBERS | $5,000 |
CHINESE FOR AFFIRMATIVE ACTION PURPOSE: TO SUPPORT LAVENDER PHOENIX IN THEIR EFFORTS TO PROMOTE LIBERATION OF LGBTQ+ API IND/COMMUNITIES | $16,500 |