Presbyterian Retirement Communities Northwest Foundation

Organization Overview

Presbyterian Retirement Communities Northwest Foundation, operating under the name Transforming Age Foundation, is located in Bellevue, WA. The organization was established in 1993. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transforming Age 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 09/2021, Transforming Age Foundation generated $744.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $459.5k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Transforming Age Foundation has awarded 12 individual grants totaling $977,084. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST'S MISSION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION SUPPORTS MANY RESIDENT ACTIVITIES AND COMMUNITY OUTREACH EFFORTS IN THE GREATER SEATTLE AREA. ALL FUNDS DONATED TO THE FOUNDATION GO TO SUPPORT A VARIETY OF PROGRAMS AND CAUSES AT PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST (DBA: TRANSFORMING AGE). MOST NOTABLY, THE FOUNDATION HELPS SUPPORT SENIOR LIVING, THE TRANSFORMING AGE EMPLOYEE EDUCATION ASSISTANCE PROGRAMS, AND RESIDENT SUPPORT FOR THOSE RESIDENTS WHO RUN INTO FINANCIAL TROUBLE.


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Board, Officers & Key Employees

Name (title)Compensation
Torsten Hirche
President & CEO
$0
Mary Wagner
Director & Vice Chair
$0
John Iwanski
Chair & Director
$0
Scott Lumsden
Vice Chair & Chair
$0
Michael Connell
Treasurer & CFO
$0
Michelle Luke
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$214,560
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$354,764
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$569,324
Total Program Service Revenue$0
Investment income $50,976
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $123,897
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $744,197

Grants Awarded

Over the last fiscal year, Presbyterian Retirement Communities Northwest Foundation has awarded $116,293 in support to 4 organizations.

Grant RecipientAmount

PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST

Org PageRecipient Profile

Bellevue, WA

PURPOSE: GENERAL OPERATING SUPPORT

$89,738

Seattle, WA

PURPOSE: CULTURAL AWARENESS INITIATIVE FOR EMPLOYEES

$10,000

Bellevue, WA

PURPOSE: GENERAL OPERATING SUPPORT

$9,680

VASHON ISLAND COMMUNITY CARE

Org PageRecipient Profile

Bellevue, WA

PURPOSE: GENERAL OPERATING SUPPORT

$6,875
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Presbyterian Retirement Communities Northwest Foundation has recieved totaling $220,060.

Awarding OrganizationAmount
Presbyterian Retirement Communities Northwest

Bellevue, WA

PURPOSE: GENERAL OPERATING SUPPORT

$214,560
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$5,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,597,339
Earnings$348,612
Net Contributions$41,142
Other Expense$37,428
Ending Balance$1,949,665

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