Worthington Foundation
- Assets
- $77.3k
- Revenue
- $578.0
- Investments
- $0.0
- Employees
- 0
- Location
- Olympi, WA
- Founding
- 05/1995
- Data as of
- 12/2023
- EIN
- 91-1645951
Organization Overview
Worthington Foundation is located in Olympi, WA. The organization was established in 1995. 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. Worthington 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, Worthington Foundation generated $578.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (37.8%) each year. All expenses for the organization totaled $38.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Worthington Foundation has awarded 12 individual grants totaling $183,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Gary Worthington Officer-Trustee | 1 | $0 | |
Sandra R Worthington Officer-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $578 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $578 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40 |
| Total operating and administrative expenses | $48 |
| Contributions, gifts, grants paid | $38,000 |
| Total expenses and disbursements | $38,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $77,296 |
| 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 | $77,296 |
| 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, Worthington Foundation has awarded $38,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GRAMIN VIKAS VIGYAN SAMITI PURPOSE: SCHOOL OPERATING COSTS TEACHER TRAINING SCHOOL SUPPLIES HOSPITAL NURSING SALARIES HOSP. EQUIPMENT VILLAGE HEALTH TRAINING | $36,000 |
CAPITOL LAND TRUST PURPOSE: GEN. CHARITABLE OPERATIONS | $1,000 |
THE CENTER FOR WOODEN BOATS PURPOSE: CHARITABLE OPERATIONS CAMA BEACH STATE PARK | $1,000 |