Nordstrom-Seifert Family Foundation
- Assets
- $6.1m
- Revenue
- $215.5k
- Investments
- $6.0m
- Employees
- 0
- Location
- Medina, WA
- Founding
- 01/2002
- Data as of
- 12/2023
- EIN
- 91-6516127
Organization Overview
Nordstrom-Seifert Family Foundation is located in Medina, WA. The organization was established in 2002. 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. Nordstrom-Seifert Family 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 12/2023, Nordstrom-Seifert Family Foundation generated $215.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $363.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Nordstrom-Seifert Family Foundation has awarded 101 individual grants totaling $1,334,508. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36,823 |
| Dividends & Interest | $125,807 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,944 |
| Capital Gain Net Income | $44,944 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,883 |
| Total Revenue | $215,457 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,541 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48,749 |
| Total operating and administrative expenses | $58,805 |
| Contributions, gifts, grants paid | $305,000 |
| Total expenses and disbursements | $363,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $91,086 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,092,231 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Nordstrom-Seifert Family Foundation has awarded $305,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
SEATTLE ART MUSEUM PURPOSE: OPERATING | $15,000 |
MAUI MEMORIAL MEDICAL CENTER FOUNDATION PURPOSE: OPERATING | $10,000 |
JOSIAHVENTURE PURPOSE: OPERATING | $1,000 |
SEATTLE CHILDRENS PURPOSE: OPERATING | $10,000 |
SEATTLE SYMPHONY PURPOSE: OPERATING | $25,000 |
THE SALVATION ARMY NORTHWEST PURPOSE: OPERATING | $500 |