The Nysether Family Foundation
- Assets
- $9.2m
- Revenue
- $541.8k
- Investments
- $8.9m
- Employees
- 0
- Location
- Everett, WA
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 91-2084108
Organization Overview
The Nysether Family Foundation is located in Everett, 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. Nysether Family 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, Nysether Family Foundation generated $541.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $796.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Nysether Family Foundation has awarded 112 individual grants totaling $3,274,486. 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 |
|---|---|---|---|
Mark Nysether Secretary, Treasurer | 1 | $0 | |
Brad Nysether President | 1 | $0 | |
Vickie Nysether Director | 1 | $0 | |
Kathy Nysether Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,542 |
| Dividends & Interest | $274,801 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $260,432 |
| Capital Gain Net Income | $260,432 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $541,775 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,777 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $120,365 |
| Total operating and administrative expenses | $169,051 |
| Contributions, gifts, grants paid | $627,250 |
| Total expenses and disbursements | $796,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $324,595 |
| 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 | $95,900 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,215,461 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Nysether Family Foundation has awarded $1,062,250 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ALL ABOARD OF AMERICA 1 PURPOSE: PROGRAM EXPENSES. | $4,750 |
AMERICAN RED CROSS PURPOSE: CAPITAL CAMPAIGN | $15,000 |
AMERICAN RED CROSS- SNOHOMISH COUNTY CHAPTER PURPOSE: PROGRAM EXPENSE | $5,000 |
ARLINGTON KIDS KLOSET PURPOSE: PROGRAM EXPENSE | $5,000 |
ARTS COUNCIL OF SNOHOMISH COUNTY DBA SCHACK ART CENTER PURPOSE: PROGRAM EXPENSES | $15,000 |
ASSISTANCE LEAGUE OF EVERETT PURPOSE: CAPITAL EXPENSE | $15,000 |