Ben B Cheney Foundation Inc
- Assets
- $67.4m
- Revenue
- $4.5m
- Investments
- $63.2m
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 01/1957
- Data as of
- 12/2022
- EIN
- 91-6053760
Organization Overview
Ben B Cheney Foundation Inc is located in Tacoma, WA. The organization was established in 1957. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Ben B Cheney Foundation Inc 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, Ben B Cheney Foundation Inc generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $4.6m during the year ending 12/2022. While expenses have increased by 1.8% 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 2021, Ben B Cheney Foundation Inc has awarded 187 individual grants totaling $7,163,340. 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 |
|---|---|---|---|
Carolyn J Cheney Vice President | 1 | $5,500 | |
Andrew Cheney Director | 1 | $5,500 | |
Matthew Beckingham Treasurer | 1 | $5,500 | |
Jamie Algee Secretary | 1 | $5,500 | |
Jordan Beckingham Director | 1 | $5,500 | |
Mallory Delabar Director | 1 | $5,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C F Investments Inc | 12/30/22 | $267,209 |
Wells Fargo | 12/30/22 | $112,476 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,803,740 |
| Net Rental Income | $71,943 |
| Net Gain on Sale of Assets | $1,471,083 |
| Capital Gain Net Income | $1,471,083 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $138,666 |
| Total Revenue | $4,485,432 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $245,831 |
| Other employee salaries and wages | $217,541 |
| Pension plans, employee benefits | $132,051 |
| Interest | $11,329 |
| Taxes | $170,220 |
| Depreciation | $57,581 |
| Occupancy | $21,562 |
| Travel, conferences, and meetings | $20,564 |
| Printing and publications | $0 |
| Other expenses | $88,465 |
| Total operating and administrative expenses | $1,421,703 |
| Contributions, gifts, grants paid | $3,157,882 |
| Total expenses and disbursements | $4,579,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,808 |
| Savings and temporary cash investments | $2,243,926 |
| 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 | $70,000 |
| Net Investments - land, buildings, equipment | $733,518 |
| Investments—mortgage loans | $0 |
| Investments—other | $15,929,562 |
| Net Land, buildings, and equipment | $508,346 |
| Other assets | $584,370 |
| Total assets | $67,376,991 |
| Accounts payable and accrued expenses | $23,164 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $321,970 |
| Other liabilities | $205,317 |
| Total liabilities | $550,451 |
Grants Awarded
Over the last fiscal year, Ben B Cheney Foundation Inc has awarded $3,157,882 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
ABERDEEN SCHOOL DISTRICT #5 PURPOSE: MCDERMOTH ELEMENTARY PLAYGROUND PROJECT | $15,000 |
AFP SOUTH SOUND-SUMMIT PURPOSE: SUPPORT FOR GIG HARBORS VETERANS DAY | $250 |
AMERICAN RED CROSS-SOUTH PUGET SOUND PURPOSE: COMMUNITY RESPONSE VEHICLE REPLACEMENT | $34,000 |
ANEW PURPOSE: PRE-APPRENTICESHIP CONSTRUCTION EDUCATION | $20,000 |
ARTS & CULTURE COALITION OF PIERCE COUNTY (THE GRAND CINEMA) PURPOSE: ARTS & CULTURE COALITION OF PIERCE COUNTY ANNUAL SUPPORT | $10,000 |
ASANTE FOUNDATION PURPOSE: ASANTE REGIONAL CANCER CENTERS INITIATIVE | $50,000 |