Skip to content
Nonprofiteer
← CHILDRENS HOME SOCIETY AND TRUST FOUNDATION

Form 990 for tax year 2023

Filed by CHILDRENS HOME SOCIETY AND TRUST FOUNDATION.

Totals

Total revenue
$33,156,715
Total expenses
$2,243,998
Contributions and grants received
$32,651,556
Grants paid
$2,213,162
Program service revenue
$0
Investment income
$505,159
Other revenue
$0
Total assets, end of year
$56,679,615
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$56,679,615
Program services expenses (Part IX)
$2,213,162
Management and general expenses
$30,836
Fundraising expenses
$0
Program service expenses (Part III)
$2,213,162

Program services were 98.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $32,651,556

  • 1g · Noncash contributions included above

    $9,999,563

  • 3 · Investment income

    total $505,159 · excluded $505,159

  • 7a · Gross sales of assets other than inventory

    securities $15,442,287

  • 7b · Less cost or other basis and sales expenses

    securities $15,442,287

  • 7c · Gain or loss

    securities $0

  • 7d · Net gain or loss

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,213,162 · program services $2,213,162

  • 11f · Fees: investment management

    total $30,836 · management and general $30,836

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,039,238 · end of year $784,469

  • 2 · Savings and temporary cash investments

    beginning of year $2,885,207 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year -$342,807 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $20,517,325 · end of year $51,909,714

  • 15 · Other assets

    beginning of year $0 · end of year $3,985,432

  • 27 · Net assets without donor restrictions

    beginning of year $21,658,767 · end of year $50,165,682

  • 28 · Net assets with donor restrictions

    beginning of year $2,440,196 · end of year $6,513,933

Mission and programs · 2023

Mission

THE MISSION OF AKIN FOUNDATION IS TO SUPPORT AKIN IN ITS PROGRAMS AND PURPOSES, AND TO MANAGE INVESTMENTS AND RAISE FUNDS THAT BENEFIT AKIN.

Activities or mission (Part I)

TO RAISE PRIVATE CONTRIBUTIONS TO FULFILL THE MISSION OF AKIN.

  • A SUPPORTING ORGANIZATION OF AKIN, AKIN FOUNDATION MANAGES INVESTMENTS AND RAISES FUNDS THAT BENEFIT AKIN.

    Expenses $2,213,162 · Grants $2,213,162

As filed on the 2023 return.

Listed in Part VII

  • DAVE NEWELL

    AKIN, CEO

    Total calculated
    $359,020
    From this org
    $0
    From related orgs
    $338,065
    Other
    $20,955
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,065 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,284 related
    Nontaxable benefits
    $0 + $10,671 related
    Filer's total
    $0 + $359,020 related

  • MARLENA TORRES

    AKIN, SVP OF FINANCE

    Total calculated
    $242,040
    From this org
    $0
    From related orgs
    $223,789
    Other
    $18,251
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,789 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,032 related
    Nontaxable benefits
    $0 + $11,219 related
    Filer's total
    $0 + $242,040 related

  • BAREQ PESHTAZ

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • RACHEL ROBERT

    PRESIDENT (THROUGH 12/2023)

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • DANIEL SMITH

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • KRISTIE GARRETT

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ROY KOEGEN

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • QUENTIN HUBBARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • TYE MINCKLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DAVE MENTZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOAN MATHESON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PAULETTE LEMON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
CHILDRENS HOME SOCIETY AND TRUST FOUNDATION RELIED ON THE SUPPORTED ORGANIZATION, CHILDRENS HOME SOCIETY OF WASHINGTON, TO ESTABLISH THE COMPENSATION OF THE CEO AND OTHER OFFICERS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (3)

    T · MANAGE INVESTMENTS · WA

    Directly controlled by AKIN

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202541339349310114

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.