Crystal Spring Foundation
- Assets
- $27.8m
- Revenue
- $8.4m
- Investments
- $19.7m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 02/2001
- Data as of
- 12/2022
- EIN
- 91-2008832
Organization Overview
Crystal Spring Foundation is located in Seattle, WA. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Crystal Spring 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, Crystal Spring Foundation generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 39.8% each year . All expenses for the organization totaled $3.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Crystal Spring Foundation has awarded 54 individual grants totaling $9,485,687. 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 |
|---|---|---|---|
Michael R Murray Director, President/treasu | 35 | $25,000 | |
Joyce B Murray Director, Vp/secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,097 |
| Dividends & Interest | $494,339 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,062,900 |
| Capital Gain Net Income | $8,062,900 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$180,582 |
| Total Revenue | $8,381,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $153,500 |
| Pension plans, employee benefits | $103,723 |
| Interest | $3,453 |
| Taxes | $122,478 |
| Depreciation | $873 |
| Occupancy | $920 |
| Travel, conferences, and meetings | $29,934 |
| Printing and publications | $0 |
| Other expenses | $220,473 |
| Total operating and administrative expenses | $856,278 |
| Contributions, gifts, grants paid | $2,830,000 |
| Total expenses and disbursements | $3,686,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,368 |
| Savings and temporary cash investments | $5,231,438 |
| Net Accounts receivable | $21,573 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $1,245,078 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,080,360 |
| Net Land, buildings, and equipment | $362 |
| Other assets | $1,515,092 |
| Total assets | $27,793,805 |
| 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 | $916 |
| Total liabilities | $916 |
Grants Awarded
Over the last fiscal year, Crystal Spring Foundation has awarded $2,830,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FOUNDATION FOR CHILDREN WITH AIDS PURPOSE: 2022 GRANT | $75,000 |
EMPACT NORTHWEST PURPOSE: 2022 GRANT | $10,000 |
ENGAGE NOW AFRICA PURPOSE: 2022 GRANT | $50,000 |
FOREVER YOUNG FOUNDATION PURPOSE: 2022 GRANT | $15,000 |
CATHOLIC RELIEF SERVICES PURPOSE: 2022 GRANT | $100,000 |
FREEDOM MISSIONARY CHURCH PURPOSE: 2022 GRANT | $120,000 |