Evertrust Foundation
- Assets
- $7.9m
- Revenue
- $1.1m
- Investments
- $7.4m
- Employees
- 0
- Location
- Everett, WA
- Founding
- 10/1991
- Data as of
- 12/2021
- EIN
- 91-1510567
Organization Overview
Evertrust Foundation is located in Everett, WA. The organization was established in 1991. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Evertrust 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, Evertrust Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 9.8% per year over the past 4 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 2020, Evertrust Foundation has awarded 96 individual grants totaling $1,970,320. 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 |
|---|---|---|---|
Mary B Sievers Executive Director/secreta | 18 | $104,267 | |
Thomas Gaffney Director | 1 | $0 | |
Larry Hanson Director | 1 | $0 | |
Bill Rucker Director | 1 | $0 | |
Tom Collins Co Vice-President | 2 | $0 | |
Kathy Atwood Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,517 |
| Dividends & Interest | $146,836 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $886,516 |
| Capital Gain Net Income | $886,516 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $136 |
| Total Revenue | $1,055,005 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $104,267 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,725 |
| Depreciation | $107 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $82,403 |
| Total operating and administrative expenses | $225,412 |
| Contributions, gifts, grants paid | $801,320 |
| Total expenses and disbursements | $1,026,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $526,006 |
| 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 | $3,095 |
| Other assets | $65 |
| Total assets | $7,898,804 |
| 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, Evertrust Foundation has awarded $801,320 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
Everett, WA PURPOSE: CAPITAL CAMPAIGN | $100,000 |
ASSISTANCE LEAGUE PURPOSE: FUNDING FOR OPERATION SCHOOL BELL | $50,000 |
MARI'S PLACE PURPOSE: CAPACITY BUILDING IN 2022 TO HIRE A COORDINATOR TO SUPPORT ADDITIONAL PROGRAMMING | $40,000 |
Everett, WA PURPOSE: TEEN AND YOUND ADUTL TRANSISTIONS PROGRAM AND STAFF RETENTION | $40,000 |
Everett, WA PURPOSE: CHILD AND FAMILY SPECIALLIST | $40,000 |
Everett, WA PURPOSE: BASIC OPERATIONS | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Micron Technology Foundation Inc Boise, ID | $125,043,825 | $15,658,941 |
Mount Baker Foundation Bellingham, WA | $42,225,548 | $9,346,004 |
Craig And Susan Mccaw Foundation Kirkland, WA | $12,162,493 | $989,970 |
Mona Foundation Bellevue, WA | $4,431,589 | $2,318,161 |
Allen Institute For Artificial Intelligence Seattle, WA | $34,288 | $1,296,035 |
Sunbridge Foundation Seattle, WA | $16,943,375 | $1,420,322 |
Evertrust Foundation Everett, WA | $7,898,804 | $1,055,005 |
Washington Federal Foundation Seattle, WA | $444,132 | $1,000,247 |
Arthur M James Family Foundation Seaside, OR | $0 | $233,564 |
Guidance Foundation Portland, OR | $0 | $19,812 |
The Frederick D & Gail Y Jubitz Foundation Hillsboro, OR | $3,589,858 | $1,270,758 |
Alaska Airlines Foundation Anchorage, AK | $9,466,696 | $1,525,965 |