Fosseen Foundation
- Assets
- $884.5k
- Revenue
- $157.3k
- Investments
- $872.6k
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 12/1994
- Data as of
- 12/2022
- EIN
- 91-1620966
Organization Overview
Fosseen Foundation is located in Spokane, WA. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fosseen Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, Fosseen Foundation has awarded 174 individual grants totaling $934,000. 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 |
|---|---|---|---|
Neal R Fosseen Jr Trustee | 1 | $0 | |
William Roger Fosseen Trustee | 1 | $0 | |
Donol N Fosseen President | 1 | $0 | |
William C Christensen Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $72 |
| Dividends & Interest | $40,445 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $116,816 |
| Capital Gain Net Income | $116,816 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $157,333 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $144 |
| Total operating and administrative expenses | $1,519 |
| Contributions, gifts, grants paid | $201,500 |
| Total expenses and disbursements | $203,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,785 |
| Savings and temporary cash investments | $5,124 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $884,471 |
| 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, Fosseen Foundation has awarded $201,500 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BOXER CHARITABLE FOUNDATION PURPOSE: GRANT | $5,500 |
COMPANIONS ANIMAL SHELTER PURPOSE: GRANT | $2,500 |
4 A BETTER HAVASU PURPOSE: GRANT | $40,000 |
BLESSINGS UNDER THE BRIDGE PURPOSE: GRANT | $4,000 |
CHILDREN'S VILLAGE OF CD'A PURPOSE: GRANT | $10,000 |
FIRST TEE PURPOSE: GRANT | $5,000 |