Washington Potato Foundation
- Assets
- $2.3m
- Revenue
- $285.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Pasco, WA
- Founding
- 03/2001
- Data as of
- 12/2021
- EIN
- 91-2041951
Organization Overview
Washington Potato Foundation is located in Pasco, WA. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Potato 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, Washington Potato Foundation generated $285.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $132.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SUPPORTS EDUCATION, RESEARCH, PROMOTION, AND INFORMATION RELATED TO THE POTATO INDUSTRY IN WASHINGTON STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS - THE FOUNDATION AWARDED SCHOLARSHIPS FOR THE 20TH CONSECUTIVE YEAR. A TOTAL OF 7 STUDENTS RECEIVED AWARDS. AWARDS RANGED FROM $500 - $1,500 AND THE TOTAL AMOUNT AWARDED WAS $7,500.
GROWER EDUCATION - THE FOUNDATION OFFERS A HOST OF EDUCATIONAL WORKSHOPS, SEMINARS, PESTICIDE CERTIFICATIONS, FIRST AID TRAININGS, FIELD DAY, LECTURES, AND WORKSHOPS THAT BENEFIT THE 300 PLUS GROWERS THROUGHOUT WASHINGTON. FIRST AID CLASSES WERE PROVIDED AS A SERVICE FOR THOSE GROWERS IN THE POTATO GROWING AREAS OF WASHINGTON/OREGON. BOTH ENGLISH AND SPANISH CLASSES WERE OFFERED AND A TOTAL OF 108 INDIVIDUALS FROM LOCAL FARMS REGISTERED AND WERE CERTIFIED IN FIRST AID, CPR/AED TRAINING.
INDUSTRY LEADERSHIP BANQUET - DURING THE INDUSTRY LEADERSHIP BANQUET, NOMINATIONS WERE RECEIVED TO HONOR A HOST OF GREAT LEADERS IN THE REGION AND AN AWARD CEREMONY CELEBRATED PAST AND PRESENT LEADERS AS WELL AS AN AGRICULTURAL COMPANY. ATTENDANCE FOR THIS EVENT WAS NEARLY 350 PEOPLE IN 2020. PARTICIPANTS SHOW THEIR FINANCIAL SUPPORT TO THE GENERAL FUND VIA SCHOLARSHIP PLEDGES. A CALL FOR PLEDGES DURING THE EVENT GENERATED APPROXIMATELY $10,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kellee Balcom Executive Director | Officer | 40 | $81,332 |
Brandon Brook Vice President | OfficerTrustee | 1 | $0 |
Tim Waters President | OfficerTrustee | 1 | $0 |
Ashley Hatfield Secretary/treasurer | OfficerTrustee | 1 | $0 |
Dale Lathim Director | Trustee | 1 | $0 |
Judy Nelson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $57,755 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,418 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,173 |
| Total Program Service Revenue | $5,000 |
| Investment income | $34,836 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $174,528 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $285,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $81,332 |
| Compensation of current officers, directors, key employees. | $8,133 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,346 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,664 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,738 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,684 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $572 |
| All other expenses | $2,000 |
| Total functional expenses | $132,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,278 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $240,468 |
| Investments—other securities | $0 |
| Investments—program-related | $1,991,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,314,746 |
| Accounts payable and accrued expenses | $88 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $88 |
| Net assets without donor restrictions | $1,314,658 |
| Net assets with donor restrictions | $1,000,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,314,746 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Washington Potato Foundation has recieved totaling $400.
| Awarding Organization | Amount |
|---|---|
Lamb Weston Charitable Foundation Eagle, ID PURPOSE: COMMUNITY SUPPORT | $400 |
Endowment Analysis
| Beg. Balance | $1,789,790 |
| Earnings | $201,210 |
| Ending Balance | $1,991,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
College Spark Washington Seattle, WA | $104,693,147 | $3,230,019 |
Idaho Association For The Education Of Young Children Boise, ID | $1,636,700 | $5,141,669 |
Pwh Educational Foundation Inc Spokane, WA | $62,473,304 | $11,260,767 |
Arctic Education Foundation Anchorage, AK | $36,876,877 | $4,892,952 |
College Dreams Inc Grants Pass, OR | $2,542,440 | $3,694,638 |
Calista Education And Culture Inc Anchorage, AK | $4,627,713 | $2,487,452 |
Kmr Group Foundation Vancouver, WA | $32,236,591 | $1,808,486 |
Aleut Foundation Anchorage, AK | $925,739 | $1,724,058 |
R Merle Palmer Minority Scholarship Foundation Tacoma, WA | $1,801,300 | $1,443,994 |
Greater Seattle Business Assoc Scholarship Fund Seattle, WA | $4,889,386 | $1,584,416 |
One Ummah Foundation In Memory Of Mustafa Saeed Rahman Lake Oswego, OR | $1,906,238 | $1,873,006 |