Kulakala Point Foundation
- Assets
- $4.8m
- Revenue
- $880.2k
- Investments
- $4.7m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 91-1816213
Organization Overview
Kulakala Point Foundation is located in Seattle, WA. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Kulakala Point 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 12/2021, Kulakala Point Foundation generated $880.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.1% each year . All expenses for the organization totaled $167.2k during the year ending 12/2021. While expenses have increased by 9.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kulakala Point Foundation has awarded 30 individual grants totaling $548,335. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria N Reed Vice President & Secretary | 2 | $0 | |
William G Reed Jr President & Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $99,199 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $780,972 |
| Capital Gain Net Income | $780,972 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $880,171 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,561 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45 |
| Total operating and administrative expenses | $48,274 |
| Contributions, gifts, grants paid | $118,935 |
| Total expenses and disbursements | $167,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $60,901 |
| 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 | $4,796,770 |
| 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 | $1,975 |
| Total liabilities | $1,975 |
Grants Awarded
Over the last fiscal year, Kulakala Point Foundation has awarded $118,935 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: TO SUPPORT THE LEADING VISUAL ART INSTITUTION IN THE PACIFIC NORTHWEST. | $95,935 |
Shelton, WA PURPOSE: TO PROVIDE HISTORICAL EDUCATION - HISTORICAL PERSPECTIVE OF MASON COUNTY AND WASHINGTON STATE. | $7,500 |
DUKE UNIVERSITY PURPOSE: TO FURTHER THE EDUCATIONAL PURPOSE OF THIS PRIVATE UNIVERSITY. | $5,000 |
HARVARD UNIVERSITY BUSINESS SCHOOL PURPOSE: TO FURTHER THE EDUCATIONAL PURPOSE OF THIS BUSINESS SCHOOL. | $5,000 |
GOLDWATER INSTITUTE PURPOSE: TO SUPPORT THIS INSTITUTE TO FIGHT GOVERNMENT OVERREACH. | $2,500 |
Quechee, VT PURPOSE: TO FURTHER THE EDUCATIONAL PURPOSE OF THIS PRIVATE SCHOOL. | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carpenters-Employers Vacation Trust Of Western Washington Seattle, WA | $5,203,144 | $22,846,334 |
Board Of Trustees Agc Trust Of Montana Spokane, WA | $18,871,331 | $11,144,345 |
Wattis Dumke Foundation Inc Ketchum, ID | $124,566 | $75,918 |
Tongass Timber Trust Mukilteo, WA | $5,700,029 | $5,800,281 |
The Dalai Lama Foundation Shoreline, WA | $6,300,895 | $851,528 |
Carrico Family Foundation Medford, OR | $33,120,720 | $4,067,868 |
One Call For All Bainbridge Island, WA | $2,280,086 | $2,720,804 |
Laidir Foundation Seattle, WA | $43,862,995 | $7,463,532 |
The Berwick Degel Family Foundation Seattle, WA | $7,563,453 | $2,078,571 |
Martin Fabert Foundation Seattle, WA | $16,791,263 | $328,208 |
Austin Family Foundation Newberg, OR | $30,047,559 | $1,660,315 |
Bellarmine Benefactors Trust Spokane, WA | $24,555,171 | $2,993,701 |