Pemco Foundation Inc
- Assets
- $2.3m
- Revenue
- $571.7k
- Investments
- $2.3m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 10/1967
- Data as of
- 06/2021
- EIN
- 91-6072723
Organization Overview
Pemco Foundation Inc is located in Seattle, WA. The organization was established in 1967. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Pemco 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 06/2021, Pemco Foundation Inc generated $571.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $385.8k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Pemco Foundation Inc has awarded 965 individual grants totaling $1,940,397. 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 |
|---|---|---|---|
Stan W Mcnaughton President & Treasurer | 0.5 | $0 | |
Sandra M Kurack Vice-President | 0.25 | $0 | |
Denice M Town Secretary | 0.5 | $0 | |
Brian R Mcnaughton Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $507,350 |
| Interest on Savings | $0 |
| Dividends & Interest | $41,810 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,584 |
| Capital Gain Net Income | $22,584 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $571,744 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $91 |
| Taxes | $2,517 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,533 |
| Total operating and administrative expenses | $5,141 |
| Contributions, gifts, grants paid | $380,689 |
| Total expenses and disbursements | $385,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,374 |
| Savings and temporary cash investments | $0 |
| 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 | $2,310,416 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,328,790 |
| Accounts payable and accrued expenses | $25,474 |
| 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 | $25,474 |
Grants Awarded
Over the last fiscal year, Pemco Foundation Inc has awarded $380,689 in support to 110 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: DONATION | $90,000 |
KCTS PURPOSE: GOLDEN APPLE AWARDS | $57,000 |
Seattle, WA PURPOSE: DONATION | $30,000 |
WASHINGTON BUSINESS WEEK PURPOSE: DONATION | $30,000 |
CRIMESTOPPERS OF PUGET SOUND PURPOSE: DONATION | $18,000 |
CISPUS LEARNING CENTER PURPOSE: DONATION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meyer Memorial Trust Portland, OR | $1,007,586,458 | $95,771,293 |
Ford Family Foundation Roseburg, OR | $1,245,594,204 | $103,438,214 |
Thrive Causemetics Foundation Bellevue, WA | $5,555,942 | $8,797,196 |
Micron Technology Foundation Inc Boise, ID | $125,043,825 | $15,658,941 |
Mount Baker Foundation Bellingham, WA | $42,225,548 | $9,346,004 |
Craig And Susan Mccaw Foundation Kirkland, WA | $12,162,493 | $989,970 |
Mona Foundation Bellevue, WA | $4,431,589 | $2,318,161 |
Allen Institute For Artificial Intelligence Seattle, WA | $34,288 | $1,296,035 |
Sunbridge Foundation Seattle, WA | $16,943,375 | $1,420,322 |
Evertrust Foundation Everett, WA | $7,898,804 | $1,055,005 |
Washington Federal Foundation Seattle, WA | $444,132 | $1,000,247 |
Arthur M James Family Foundation Seaside, OR | $0 | $233,564 |