Pemco Foundation Inc
- Assets
- $2.7m
- Revenue
- $418.8k
- Investments
- $2.4m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 10/1967
- Data as of
- 06/2023
- 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 06/2023, Pemco Foundation Inc generated $418.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $247.2k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Pemco Foundation Inc has awarded 1,370 individual grants totaling $2,858,650. 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 | $345,874 |
| Interest on Savings | $0 |
| Dividends & Interest | $75,805 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,911 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $418,768 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,936 |
| Total operating and administrative expenses | $9,386 |
| Contributions, gifts, grants paid | $237,774 |
| Total expenses and disbursements | $247,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,553 |
| 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 | $2,429,852 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,704,405 |
| Accounts payable and accrued expenses | $74,345 |
| 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 | $74,345 |
Grants Awarded
Over the last fiscal year, Pemco Foundation Inc has awarded $237,774 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
PHCC SPECIAL EVENTS PURPOSE: DONATION | $15,000 |
YOUGIVEGOODS FOUNDATION PURPOSE: DONATION | $9,440 |
CASCADE PUBLIC MEDIA PURPOSE: GOLDEN APPLE AWARDS | $50,000 |
CAMP FIRE OF SNOHOMISH COUNTY PURPOSE: DONATION | $7,500 |
COLLEGE SUCCESS FOUNDATION PURPOSE: DONATION | $7,500 |
GREEN RIVER COLLEGE FOUNDATION PURPOSE: DONATION | $7,000 |