Channel Foundation
- Assets
- $14.6m
- Revenue
- $326.9k
- Investments
- $11.1m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 91-6478055
Organization Overview
Channel Foundation is located in Seattle, WA. The organization was established in 2000. 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. Channel 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, Channel Foundation generated $326.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Channel Foundation has awarded 313 individual grants totaling $12,071,216. 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 |
|---|---|---|---|
Elaine Nonneman Trustee | 10 | $0 | |
Katrin Wilde Executive Director | 40 | $135,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,280 |
| Dividends & Interest | $238,363 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $85,268 |
| Capital Gain Net Income | $85,268 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $326,911 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $135,000 |
| Other employee salaries and wages | $6,171 |
| Pension plans, employee benefits | $31,352 |
| Interest | $0 |
| Taxes | $13,034 |
| Depreciation | $0 |
| Occupancy | $1,800 |
| Travel, conferences, and meetings | $7,535 |
| Printing and publications | $0 |
| Other expenses | $20,494 |
| Total operating and administrative expenses | $317,954 |
| Contributions, gifts, grants paid | $1,930,000 |
| Total expenses and disbursements | $2,247,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,406,513 |
| 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 | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,547,281 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,594,975 |
| Accounts payable and accrued expenses | $3,376 |
| 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 | $3,376 |
Grants Awarded
Over the last fiscal year, Channel Foundation has awarded $2,230,000 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
CONSORCIO OAXACA PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
CULTURAL SURVIVAL PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
FEMINIST FUND PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
CREA PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
FOS FEMINISTA PURPOSE: UKRAINE REFUGEE CRISIS | $20,000 |
FRIDA YOUNG FEMINIST FUND PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |