Carlsen Foundation
- Assets
- $1.8m
- Revenue
- $19.0k
- Investments
- $153.5k
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 11/2000
- Data as of
- 12/2022
- EIN
- 91-2065725
Organization Overview
Carlsen Foundation is located in Seattle, WA. The organization was established in 2000. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carlsen 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, Carlsen Foundation generated $19.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $57.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MUSICIANS WITH ACCESS TO AND USE OF HIGH QUALITY MUSICAL INSTRUMENTS IN CONNECTION WITH THEIR TRAINING AND THEIR PERFORMANCE BEFORE THE PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Carlsen Director | 5 | $0 | |
Tanya Li Director | 1 | $0 | |
Alex Segal Director | 1 | $0 | |
Miriam Shames Director | 5 | $30,120 | |
Janet White Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,895 |
| Interest on Savings | $1,367 |
| Dividends & Interest | $1,785 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,462 |
| Capital Gain Net Income | $1,462 |
| Net ST Capital Gain | $1,462 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,450 |
| Total Revenue | $18,959 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,120 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $45 |
| Taxes | $3,755 |
| Depreciation | $0 |
| Occupancy | $11,999 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,308 |
| Total operating and administrative expenses | $57,765 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $57,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,388 |
| Savings and temporary cash investments | $12,443 |
| Net Accounts receivable | $5,000 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $3,004 |
| 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 | $1,575,446 |
| Total assets | $1,782,798 |
| Accounts payable and accrued expenses | $1,473 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $6,600 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,073 |