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← WHITEHORSE FOUNDATION

Form 990 for tax year 2022

Filed by WHITEHORSE FOUNDATION.

Totals

Total revenue
$2,294,989
Total expenses
$2,218,695
Contributions and grants received
$1,584,592
Grants paid
$1,864,750
Program service revenue
$0
Investment income
$710,397
Other revenue
$0
Total assets, end of year
$46,588,565
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$46,588,565
Program services expenses (Part IX)
$1,911,318
Management and general expenses
$307,377
Fundraising expenses
$0
Program service expenses (Part III)
$1,911,318

Program services were 86.1% 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

    $1,584,592

  • 3 · Investment income

    total $550,425 · excluded $550,425

  • 7a · Gross sales of assets other than inventory

    securities $159,972

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

    securities $0

  • 7c · Gain or loss

    securities $159,972

  • 7d · Net gain or loss

    total $159,972 · excluded $159,972

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,864,750 · program services $1,864,750

  • 11b · Fees: legal

    total $280 · management and general $280

  • 11c · Fees: accounting

    total $3,340 · management and general $3,340

  • 11f · Fees: investment management

    total $226,188 · management and general $226,188

  • 11g · Fees: other

    total $13,375 · program services $13,375

  • 19 · Conferences, conventions and meetings

    total $38 · management and general $38

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $110,645 · program services $33,193 · management and general $77,452

  • 24b · Other expenses: DUES

    total $79 · management and general $79

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $675,539 · end of year $792,295

  • 11 · Investments: publicly traded securities

    beginning of year $54,797,111 · end of year $45,796,270

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $55,462,650 · end of year $46,588,565

Mission and programs · 2022

Mission

TYPE I SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3) TO SEATTLE FOUNDATION.

Activities or mission (Part I)

THE WHITEHORSE FOUNDATION IS ORGANIZED & OPERATED AS A SUPPORTING ORG TO SEATTLE FOUNDATION.

  • THE WHITEHORSE FOUNDATION IS ORGANIZED AND OPERATED AS A SUPPORTING ORGANIZATION TO SEATTLE FOUNDATION. SEATTLE FOUNDATION MAKES GRANTS FOR THE BENEFIT OF RESIDENTS OF THE GREATER PUGET SOUND AREA. THE WHITEHORSE FOUNDATION MAKES GRANTS IN SUPPORT OF SEATTLE FOUNDATION'S CHARITABLE PURPOSE.

    Expenses $1,911,318 · Grants $1,864,750

As filed on the 2022 return.

Listed in Part VII

  • Ceil Erickson

    FOUNDATION DIRECTOR

    Total calculated
    $159,953
    From this org
    $0
    From related orgs
    $137,664
    Other
    $22,289
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,664 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,819 related
    Nontaxable benefits
    $0 + $8,470 related
    Filer's total
    $0 + $159,953 related

  • R Scott Neely

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Maddy Metzger-Utt

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Amy Hoover

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Mitchell

    DONOR DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • PERIGEE FUND

    501(C)(3) · GRANTMAKING AND CONVENING FOR EARLY CHILDHOOD AND MATERNAL MENTAL HEALTH · WA · controlled entity

    Directly controlled by SEATTLE FOUNDATION

  • SEATTLE FOUNDATION

    501(C)(3) · SERVES CHARITABLE ORGANIZATIONS IN THE GREATER SEATTLE AREA · WA

  • SEATTLE INTERNATIONAL FOUNDATION

    501(C)(3) · GRANTMAKING TO ORGS TO ENHANCE INTERNATIONAL PHILANTHROPY IN PNW · WA · controlled entity

    Directly controlled by SEATTLE FOUNDATION

  • TSF PROPERTIES

    501(C)(3) · RECEIVE, HOLD, & DISPOSE OF PROPERTY DONATIONS FOR SEATTLE FOUNDATION · WA · controlled entity

    Directly controlled by SEATTLE FOUNDATION

  • TSF SERVICES

    501(C)(3) · SUPPORT GRANTMAKING AND ADMINISTRATIVE ACTIVITIES OF SEATTLE FOUNDATION · WA · controlled entity

    Directly controlled by SEATTLE FOUNDATION

  • IPD BREAKTHROUGH FUND

    501(C)(3) · GRANTMAKING TO NONPROFITS IN THE GREATER PUGET SOUND COMMUNITY · WA · controlled entity

    Directly controlled by SEATTLE FOUNDATION

  • EDENBURT CHARITABLE FUND

    501(C)(3) · SUPPORT THE ACTIVITIES OF SEATTLE FOUNDATION · WA · controlled entity

    Directly controlled by SEATTLE FOUNDATION

  • GEORGE P HARDGROVE FOUNDATION

    501(C)(3) · GRANTMAKING TO NONPROFITS IN THE GREATER PUGET SOUND COMMUNITY · WA · controlled entity

    Directly controlled by SEATTLE FOUNDATION

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.

Provenance

Return type
form_990
Tax year
2022
Filed
4 November 2023
IRS schema version
2022v5.0
Source object
202313119349303801

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

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