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← WHITEHORSE FOUNDATION

Form 990 for tax year 2023

Filed by WHITEHORSE FOUNDATION.

Totals

Total revenue
$3,287,478
Total expenses
$3,505,713
Contributions and grants received
$1,275,735
Grants paid
$3,057,116
Program service revenue
$0
Investment income
$2,011,743
Other revenue
$0
Total assets, end of year
$51,697,375
Total liabilities, end of year
$50,060
Net assets or fund balances, end of year
$51,647,315
Program services expenses (Part IX)
$3,092,230
Management and general expenses
$413,483
Fundraising expenses
$0
Program service expenses (Part III)
$3,092,230

Program services were 88.2% 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

    $1,275,735

  • 3 · Investment income

    total $626,957 · excluded $626,957

  • 7a · Gross sales of assets other than inventory

    securities $1,384,786

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

    securities $0

  • 7c · Gain or loss

    securities $1,384,786

  • 7d · Net gain or loss

    total $1,384,786 · excluded $1,384,786

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,057,116 · program services $3,057,116

  • 11b · Fees: legal

    total $180 · management and general $180

  • 11c · Fees: accounting

    total $3,600 · management and general $3,600

  • 11f · Fees: investment management

    total $331,689 · management and general $331,689

  • 11g · Fees: other

    total $1,839 · program services $1,839

  • 17 · Travel

    total $106 · management and general $106

  • 19 · Conferences, conventions and meetings

    total $22 · management and general $22

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $110,916 · program services $33,275 · management and general $77,641

  • 24b · Other expenses: DUES & FEES

    total $245 · management and general $245

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $792,295 · end of year $637,770

  • 11 · Investments: publicly traded securities

    beginning of year $45,796,270 · end of year $51,059,605

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $60

  • 18 · Grants payable

    beginning of year $0 · end of year $50,000

  • 27 · Net assets without donor restrictions

    beginning of year $46,588,565 · end of year $51,647,315

Mission and programs · 2023

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 $3,092,230 · Grants $3,057,116

As filed on the 2023 return.

Listed in Part VII

  • Molly Judge

    FOUNDATION DIRECTOR (EFF. 06/23)

    Total calculated
    $135,507
    From this org
    $0
    From related orgs
    $122,513
    Other
    $12,994
    Hours/week
    1 + 40 related

  • Ceil Erickson

    FOUNDATION DIRECTOR (THRU 06/23)

    Total calculated
    $51,614
    From this org
    $0
    From related orgs
    $49,751
    Other
    $1,863
    Hours/week
    1 + 43 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.

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
2023
Filed
21 October 2024
IRS schema version
2023v5.1
Source object
202422969349301622

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