Ben B Cheney Foundation Inc
- Assets
- $67.3m
- Revenue
- $5.6m
- Investments
- $64.5m
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 01/1957
- Data as of
- 12/2021
- 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 12/2021, Ben B Cheney Foundation Inc generated $5.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 7.2% 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 96 individual grants totaling $4,005,458. 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 |
|---|---|---|---|
Bradbury F Cheney President/executive Director | 30 | $206,631 | |
Erika J Tucci Senior Program | 38 | $130,000 | |
Carol L Lewis Exec Assistant | 38 | $79,452 | |
Matthew Beckingham Treasurer | 1 | $5,500 | |
Carolyn J Cheney Vice President | 1 | $5,500 | |
Jamie Algee Secretary | 1 | $5,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wells Fargo | 12/30/21 | $278,218 |
C F Investments Inc | 12/30/21 | $122,917 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,896,168 |
| Net Rental Income | $67,616 |
| Net Gain on Sale of Assets | $3,540,437 |
| Capital Gain Net Income | $3,540,437 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $109,693 |
| Total Revenue | $5,613,914 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $235,506 |
| Other employee salaries and wages | $209,452 |
| Pension plans, employee benefits | $133,290 |
| Interest | $11,580 |
| Taxes | $110,909 |
| Depreciation | $54,566 |
| Occupancy | $17,368 |
| Travel, conferences, and meetings | $2,918 |
| Printing and publications | $0 |
| Other expenses | $77,221 |
| Total operating and administrative expenses | $1,357,856 |
| Contributions, gifts, grants paid | $4,005,458 |
| Total expenses and disbursements | $5,363,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,763 |
| Savings and temporary cash investments | $1,101,701 |
| 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 | $73,258 |
| Net Investments - land, buildings, equipment | $636,961 |
| Investments—mortgage loans | $0 |
| Investments—other | $15,478,351 |
| Net Land, buildings, and equipment | $535,670 |
| Other assets | $420,349 |
| Total assets | $67,257,239 |
| Accounts payable and accrued expenses | $133 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $331,096 |
| Other liabilities | $5,317 |
| Total liabilities | $336,546 |
Grants Awarded
Over the last fiscal year, Ben B Cheney Foundation Inc has awarded $4,005,458 in support to 96 organizations.
| Grant Recipient | Amount |
|---|---|
Tacoma, WA PURPOSE: MARY BRIDGE CHILDREN'S HOSPITAL CAPITAL CAMPAIGN | $1,000,000 |
UNITED WAY OF NORTHERN CALIFORNIA PURPOSE: WILDFIRE RELIEF DUE TO DIXIE FIRE | $250,000 |
Tacoma, WA PURPOSE: REPLACE THE CURTIS - VESSEL PURCHASE | $250,000 |
Tacoma, WA PURPOSE: COVID-19 POP UP CLINICS | $200,000 |
YMCA OF PIERCE AND KITSAP COUNTY PURPOSE: MORGAN FAMILY YMCA REBUILD | $200,000 |
GREATER METRO PARKS FOUNDATION PURPOSE: RUSTON WAY RENOVATION PROJECT | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ben B Cheney Foundation Inc has recieved totaling $116,453.
| Awarding Organization | Amount |
|---|---|
Ben B Cheney Foundation Inc Tacoma, WA PURPOSE: 2021 HIGH SCHOOL SCHOLARSHIP PROGRAM | $93,000 |
Ben B Cheney Foundation Inc Tacoma, WA PURPOSE: MATCHING GIFTS FOR BOARD, STAFF AND FAMILY MEMBERS | $23,453 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Islands Foundation Richland, WA | $219,157,832 | $26,464,404 |
Oscar T And Olivann Hokoldfoundation Lakewood, WA | $0 | $15,898,165 |
William A Looney Family Foundation Seattle, WA | $2,970,328 | $1,865,530 |
Fairview Foundation Seattle, WA | $22,161,652 | $15,221,518 |
Roundhouse Foundation Irrv Charitable Tr Sisters, OR | $376,773,592 | $260,472,613 |
James D And Sherry Raisbeck Foundation Seattle, WA | $19,522,688 | $18,818,250 |
Stolte Family Foundation Seattle, WA | $78,833,189 | $10,332,086 |
The Robert P Rotella Foundation Bellevue, WA | $0 | $9,974 |
Cambia Health Foundation Portland, OR | $95,632,719 | $22,110,074 |
All Alaska Longshore Health And Welfare Trust Fund Portland, OR | $15,094,245 | $10,298,043 |