Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $971,118 · excluded $971,118

• 7a · Gross sales of assets other than inventory

  other assets $880

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

  other assets $0

• 7c · Gain or loss

  other assets $880

• 7d · Net gain or loss

  total $880 · excluded $880

• 11a · Other revenue: PARTNERSHIP INCOME

  total $41,181,278 · unrelated business -$144,084 · excluded $41,325,362

• 11b · Other revenue: GRANT RECOVERY

  total $218,500 · excluded $218,500

• 11c · Other revenue: INVESTMENT MGMT INCOME

  total $58,087 · excluded $58,087

• 11d · All other revenue

  total $42,868 · excluded $42,868

• 11e · Other revenue, total

  $41,500,733

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $71,385,010 · program services $71,385,010

• 5 · Compensation of officers, directors and key employees

  total $2,982,133 · program services $359,643 · management and general $2,622,490

• 7 · Other salaries and wages

  total $8,773,224 · program services $4,968,062 · management and general $3,805,162

• 8 · Pension plan contributions

  total $846,295 · program services $470,182 · management and general $376,113

• 9 · Other employee benefits

  total $924,363 · program services $421,274 · management and general $503,089

• 10 · Payroll taxes

  total $687,473 · program services $355,138 · management and general $332,335

• 11b · Fees: legal

  total $502,677 · management and general $502,677

• 11c · Fees: accounting

  total $391,446 · management and general $391,446

• 11d · Fees: lobbying

  total $380,000 · program services $380,000

• 11f · Fees: investment management

  total $2,044,970 · management and general $2,044,970

• 11g · Fees: other

  total $2,178,257 · program services $389,081 · management and general $1,789,176

• 12 · Advertising and promotion

  total $19,696 · management and general $19,696

• 13 · Office expenses

  total $131,547 · program services $2,343 · management and general $129,204

• 14 · Information technology

  total $1,277,387 · program services $12,656 · management and general $1,264,731

• 16 · Occupancy

  total $817,494 · program services $336,157 · management and general $481,337

• 17 · Travel

  total $1,005,819 · program services $258,179 · management and general $747,640

• 19 · Conferences, conventions and meetings

  total $1,628,863 · program services $1,025,141 · management and general $603,722

• 22 · Depreciation, depletion and amortization

  total $611,657 · management and general $611,657

• 23 · Insurance

  total $112,028 · management and general $112,028

• 24a · Other expenses: TAXES & LICENSES

  total $391,452 · management and general $391,452

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $75,715 · program services $8,419 · management and general $67,296

• 24c · Other expenses: MISCELLANEOUS

  total $19,409 · program services $11,876 · management and general $7,533

• 24d · Other expenses: LOAN GUARANTEE

  total $17,990 · program services $17,990

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,021,997 · end of year $2,534,496

• 2 · Savings and temporary cash investments

  beginning of year $23,597,950 · end of year $26,426,168

• 4 · Accounts receivable

  beginning of year $276,293 · end of year $1,348,760

• 9 · Prepaid expenses and deferred charges

  beginning of year $374,951 · end of year $386,132

• 10a · Land, buildings and equipment: cost or other basis

  $6,945,794

• 10b · Land, buildings and equipment: accumulated depreciation

  $926,546

• 10c · Land, buildings and equipment, net

  beginning of year $5,635,864 · end of year $6,019,248

• 12 · Investments: other securities

  beginning of year $2,173,308,202 · end of year $2,321,694,869

• 15 · Other assets

  beginning of year $7,157,520 · end of year $6,803,793

• 17 · Accounts payable and accrued expenses

  beginning of year $2,880,785 · end of year $3,160,209

• 18 · Grants payable

  beginning of year $50,967,463 · end of year $50,360,912

• 25 · Other liabilities

  beginning of year $9,941,798 · end of year $9,824,919

• 27 · Net assets without donor restrictions

  beginning of year $2,148,582,731 · end of year $2,301,867,426

The filer's explanations (Part III)

PART I, LINES 4A-B

IN 2024, SEVERANCE PAYMENTS IN THE AMOUNT OF $134,792 WERE MADE TO THE EXECUTIVE VICE PRESIDENT. INATAI FOUNDATION PROVIDES A SECTION 457F NONQUALIFIED DEFERRED COMPENSATION PLAN FOR THE CHIEF INVESTMENT OFFICER. THE CIO RECEIVED A PAYOUT OF $70,000 AND ACCRUED $280,000 FROM THE PLAN IN 2024.

PART I, LINE 7:

THE FOUNDATION PAID $120,000 AND $75,737 IN INCENTIVE COMPENSATION TO TWO SENIOR PORTFOLIO MANAGERS IN 2024. THESE PAYMENTS WERE AT THE DISCRETION OF THE CIO AND BASED ON A FIXED FORMULA.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• INATAI INVESTMENT MANAGEMENT CO LLC

  INVESTMENT HOLDINGS · WA · income $0 · assets $0

  Directly controlled by INATAI FOUNDATION

• INATAI CAPITAL GP LLC

  INVESTMENT HOLDINGS · WA · income $0 · assets $0

  Directly controlled by INATAI INVESTMENT MANAGEMENT CO LLC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• INATAI FUND LP

  EXCLUDED · INVESTMENT HOLDINGS · WA · 97.88% owned · share of income $94,194,998 · share of assets $2,324,093,034 · general or managing partner

  Directly controlled by INATAI CAPITAL GP LLC