Pride Foundation
- Assets
- $48.7m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 18
- Location
- Seattle, WA
- Founding
- 05/1986
- Data as of
- 03/2022
- EIN
- 91-1325007
Organization Overview
Pride Foundation is located in Seattle, WA. The organization was established in 1986. According to its NTEE Classification (R26) the organization is classified as: Lesbian & Gay Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 03/2022, Pride Foundation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pride 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 03/2022, Pride Foundation generated $8.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $5.6m during the year ending 03/2022. While expenses have increased by 8.1% 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 2015, Pride Foundation has awarded 637 individual grants totaling $9,919,006. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHEN AND SUPPORT GAY AND LESBIAN COMMUNITY IN THE PACIFIC NORTHWEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND OUTREACH: PROVIDED TRAINING AND TECHNICAL ASSISTANCE ON FUNDRAISING, GRANT-MAKING, LEADERSHIP DEVELOPMENT, ETC. TO 100 NON-PROFITS AND 500 INDIVIDUALS IN ALASKA, IDAHO, MONTANA, OREGON, AND WASHINGTON. IN EACH PRIDE FOUNDATION COMMUNITY THERE IS A STEERING COMMITTEE MADE UP OF A CORE GROUP OF VOLUNTEERS WITH VISIONARY IDEAS WHO SUPPORT THEIR REGIONAL LGBTQ AND ALLIED COMMUNITY. THE VOLUNTEERS WORK TO RAISE FUNDS, SUPPORT ONE ANOTHER IN LEADERSHIP DEVELOMENT, STRENGTHEN COMMUNITY RELATIONSHIPS AND RESPOND TO THE NEEDS OF THE LOCAL COMMUNITY.
GRANTING PROGRAM: AWARDED CASH GRANTS TO 349 NON-PROFIT ORGANIZATIONS. PRIDE FOUNDATION FUNDS ORGANIZATIONS, SMALL AND LARGE, AS THEY STRENGTHEN AND SERVE THE LESBIAN, GAY, BISEXUAL AND TRANSGENDER COMMUNITY. OFTEN WE HEAR THAT OUR GRANT IS THE FIRST AN ORGANIZATION EVER RECEIVED. OTHER TIMES WE ARE FUNDING MORE ESTABLISHED ORGANIZATIONS, WHICH ARE STARTING TO SERVE THE LGBT COMMUNITY. EITHER WAY, WE ARE HONORED TO PUT OUR COMMUNITY'S RESOURCES TO WORK SUPPORTING ORGANIZATIONS WE KNOW ARE MAKING A DIFFERENCE FOR LGBT EQUALITY.
SCHOLARSHIP PROGRAM: AWARDED SCHOLARSHIPS TO 96 STUDENTS FOR POST-SECONDARY EDUCATION, WITH FUNDS PAID DIRECTLY TO THE INSTITUTION OF LEARNING. PRIDE FOUNDATION SCHOLARSHIPS SUPPORT EDUCATION AND LEADERSHIP DEVELOPMENT TO LESBIAN, GAY, BISEXUAL, TRANSGENDER, QUEER, AND STRAIGHT-ALLY STUDENTS OF ANY AGE OR SEXUAL ORIENTATION FROM ALASKA, IDAHO, MONTANA, OREGON, AND WASHINGTON WHO ARE PURSUING ANY POST-SECONDARY EDUCATION(INCLUDING COMMUNITY COLLEGE, PUBLIC OR PRIVATE COLLEGES AND UNIVERSITIES, TRADE APPRENTICESHIPS, OR CERTIFICATE PROGRAMS)! LGBTQ STUDENTS OFTEN DO NOT HAVE ACCESS TO TRADITIONAL MEANS OF SUPPORT FROM FAMILIES MAKING IT MORE COMPELLING FOR ORGANIZATIONS LIKE OURS TO EXIST TO SUPPORT THE EDUCATIONAL ENDEAVORS OF THESE STUDENTS. OUR SCHOLARSHIPS HAVE THE POWER TO MAKE A HUGE FINANCIAL AND EMOTIONAL IMPACT ON THEIR LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Carter CEO | Officer | 40 | $177,300 |
Jimbo Worm Director Of Finance And Operations | Officer | 40 | $141,166 |
Jason Fussell Vice President | OfficerTrustee | 7 | $0 |
Ricardo Lopez Treasurer | OfficerTrustee | 7 | $0 |
Greg Mullins Secretary | OfficerTrustee | 7 | $0 |
Brandy Pirtle-Guiney President | OfficerTrustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $36,286 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,946,600 |
| Noncash contributions included in lines 1a–1f | $686,507 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,982,886 |
| Total Program Service Revenue | $0 |
| Investment income | $740,975 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,102,418 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,851,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,547,421 |
| Grants and other assistance to domestic individuals. | $566,946 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $353,106 |
| Compensation of current officers, directors, key employees. | $129,518 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $934,136 |
| Pension plan accruals and contributions | $38,818 |
| Other employee benefits | $119,014 |
| Payroll taxes | $101,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,409 |
| Fees for services: Accounting | $24,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $236,779 |
| Fees for services: Other | $320,111 |
| Advertising and promotion | $4,471 |
| Office expenses | $68,105 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $195,664 |
| Travel | $1,546 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,150 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,855 |
| Insurance | $8,709 |
| All other expenses | $0 |
| Total functional expenses | $5,599,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478,540 |
| Savings and temporary cash investments | $4,696,485 |
| Pledges and grants receivable | $958,246 |
| Accounts receivable, net | $10,618 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $51,559 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,012 |
| Net Land, buildings, and equipment | $2,009 |
| Investments—publicly traded securities | $41,153,013 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,289,927 |
| Total assets | $48,670,409 |
| Accounts payable and accrued expenses | $66,514 |
| Grants payable | $1,082,725 |
| Deferred revenue | $2,104 |
| 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 | $1,151,343 |
| Net assets without donor restrictions | $4,041,181 |
| Net assets with donor restrictions | $43,477,885 |
| 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 | $48,670,409 |
Grants Awarded
Over the last fiscal year, Pride Foundation has awarded $2,307,955 in support to 113 organizations.
| Grant Recipient | Amount |
|---|---|
Detroit, MI PURPOSE: SUPPORT LGBT COMMUNITY | $119,000 |
Tacoma, WA PURPOSE: SUPPORT LGBT COMMUNITY | $101,000 |
Washington, DC PURPOSE: SUPPORT LGBT COMMUNITY | $83,000 |
Boise, ID PURPOSE: SUPPORT LGBT COMMUNITY | $49,000 |
Portland, OR PURPOSE: SUPPORT LGBT COMMUNITY | $45,000 |
Helena, MT PURPOSE: SUPPORT LGBT COMMUNITY | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pride Foundation has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Grantmakers Of Oregon And S W Washington Portland, OR PURPOSE: COP COMMUNITY SAFETY GRANT | $250,000 |
Endowment Analysis
| Beg. Balance | $38,029,822 |
| Earnings | $3,310,065 |
| Admin Expense | $227,915 |
| Net Contributions | $241,974 |
| Other Expense | $1,472,633 |
| Grants | $566,946 |
| Ending Balance | $39,314,367 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pride Foundation Seattle, WA | $48,670,409 | $8,851,157 |
Utopia Pdx - United Territories Of Pacific Islanders Alliance Portlan Portland, OR | $596,084 | $1,396,358 |
Basic Rights Education Fund Portland, OR | $1,138,743 | $986,817 |
Rainbow Center Tacoma, WA | $418,470 | $589,172 |
Gender Odyssey Alliance Seattle, WA | $598,792 | $543,370 |
Choosing Our Roots Anchorage, AK | $280,707 | $514,476 |
Gender Justice League Seattle, WA | $122,383 | $219,496 |
Portland Leather Alliance Portland, OR | $179,037 | $0 |
Reckoning Trade Project Tacoma, WA | $34,811 | $0 |
Freedhearts Inc Federal Way, WA | $0 | $0 |
Rainbow Community Center Olympia Olympia, WA | $168 | $0 |
Parents Families And Friends Of Lesbians And Gays Inc Marysville, WA | $164,344 | $0 |