Thomas & Martina Horn Foundation
- Assets
- $41.4k
- Revenue
- $631.8k
- Investments
- $2.7k
- Employees
- 0
- Location
- Bellingham, WA
- Founding
- 02/1996
- Data as of
- 12/2018
- EIN
- 91-1701495
Organization Overview
Thomas & Martina Horn Foundation is located in Bellingham, WA. The organization was established in 1996. 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.
For the year ending 12/2018, Thomas & Martina Horn Foundation generated $631.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 42.0% each year . All expenses for the organization totaled $3.1m during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Mac Donald Executive Di | 20 | $19,764 | |
Orphalee Smith Board Member | 1 | $0 | |
Kirsten Barron Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,520 |
| Dividends & Interest | $44,528 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $563,730 |
| Capital Gain Net Income | $563,730 |
| Net ST Capital Gain | $144,391 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $631,778 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,764 |
| Other employee salaries and wages | $19,764 |
| Pension plans, employee benefits | $1,578 |
| Interest | $0 |
| Taxes | $1,834 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,195 |
| Total operating and administrative expenses | $68,650 |
| Contributions, gifts, grants paid | $3,031,000 |
| Total expenses and disbursements | $3,099,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,624 |
| Savings and temporary cash investments | $21,514 |
| 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 | $2,636 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,639 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $41,428 |
| 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 | $1,968 |
| Total liabilities | $1,968 |
Grants Awarded
Over the last fiscal year, Thomas & Martina Horn Foundation has awarded $3,031,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
LYDIA PLACE PURPOSE: TO FURTHER EXEMPT PURPOSE | $8,000 |
OPPORTUNITY COUNCIL PURPOSE: TO FURTHER EXEMPT PURPOSE | $12,000 |
BLAINE SCHOLARSHIP FOUNDATION PURPOSE: TO FURTHER EXEMPT PURPOSE | $25,000 |
BELLINGHAM DOLLARS FOR SCHOLLARS PURPOSE: TO FURTHER CHARITABLE PURPOSE | $21,000 |
BELLINGHAM TECHNICAL COLLEGE PURPOSE: TO FURTHER CHARITABLE PURPOSE | $20,000 |
MOUNT BAKER SCHOLARSHIPS PURPOSE: TO FURTHER CHARITABLE PURPOSE | $7,000 |