Islands Foundation
- Assets
- $228.3m
- Revenue
- $30.4m
- Investments
- $221.8m
- Employees
- 0
- Location
- Richland, WA
- Founding
- 06/1995
- Data as of
- 12/2022
- EIN
- 91-1663838
Organization Overview
Islands Foundation is located in Richland, 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. Islands 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 12/2022, Islands Foundation generated $30.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $18.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Islands Foundation has awarded 249 individual grants totaling $45,991,715. 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 |
|---|---|---|---|
Sarah R Werner Director | 2 | $0 | |
Rick S Werner Director | 2 | $0 | |
George G Gulick Director | 2 | $0 | |
E Leeds Gulick Director | 2 | $0 | |
James Flaggert Director | 3 | $60,000 | |
Lydia Gulick Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Merrill Lynch | 12/30/22 | $920,315 |
Seneca Associates Inc | 12/30/22 | $140,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,607,464 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,660,860 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,152,631 |
| Capital Gain Net Income | $21,152,631 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,420,955 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $484,838 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,041 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,633,205 |
| Contributions, gifts, grants paid | $16,388,151 |
| Total expenses and disbursements | $18,021,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,458,289 |
| 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 | $78,627,799 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $43,809 |
| Total assets | $228,277,714 |
| 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, Islands Foundation has awarded $16,388,151 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
ALASKA MARINE CONSERVATION COUNCIL PURPOSE: SUMMER PROGRAM 2023 | $10,000 |
ALOHA FOUNDATION PURPOSE: 5 PERMANENTLY RESTRICTED ENDOWMENTS | $1,200,000 |
ARBORETUM FOUNDATION PURPOSE: ENVIRONMENTAL EDUCATION PROGRAMS FOR SCHOOLS | $70,000 |
ASPEN CENTER FOR ENVIRONMENTAL STUDIES PURPOSE: CHILDREN'S EDUCATION FUND AND RBR ENDOWMENT | $300,000 |
AUDUBON SOCIETY PURPOSE: CONSERVATION PROJECTS IN WA | $35,000 |
BERTSCHI SCHOOL PURPOSE: FINANCIAL AID ENDOWMENT | $200,000 |