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Nonprofiteer
← EASTMONT FOUNDATION

Form 990 for tax year 2024

Filed by EASTMONT FOUNDATION.

Totals

Total revenue
$608,045
Total expenses
$774,822
Contributions and grants received
$409,992
Grants paid
$578,673
Program service revenue
$0
Investment income
$185,612
Other revenue
$12,441
Total assets, end of year
$4,988,133
Total liabilities, end of year
$78,283
Net assets or fund balances, end of year
$4,909,850
Program services expenses (Part IX)
$578,673
Management and general expenses
$196,149
Fundraising expenses
$0
Program service expenses (Part III)
$578,673

Program services were 74.7% 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.

  • 1c · Fundraising events

    $48,736

  • 1d · Related organizations

    $10,997

  • 1f · All other contributions, gifts and grants

    $350,259

  • 3 · Investment income

    total $155,971 · excluded $155,971

  • 7a · Gross sales of assets other than inventory

    securities $83,033

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

    securities $53,392

  • 7c · Gain or loss

    securities $29,641

  • 7d · Net gain or loss

    total $29,641 · excluded $29,641

  • 8a · Fundraising events: gross income

    $24,918

  • 8a · Fundraising events: contributions included on line 1c

    $48,736

  • 8b · Fundraising events: direct expenses

    $12,477

  • 8c · Net income from fundraising events

    total $12,441 · excluded $12,441

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $577,119 · program services $577,119

  • 2 · Grants to domestic individuals

    total $1,554 · program services $1,554

  • 7 · Other salaries and wages

    total $102,260 · management and general $102,260

  • 9 · Other employee benefits

    total $26,672 · management and general $26,672

  • 10 · Payroll taxes

    total $7,172 · management and general $7,172

  • 11b · Fees: legal

    total $501 · management and general $501

  • 11c · Fees: accounting

    total $4,964 · management and general $4,964

  • 11f · Fees: investment management

    total $33,460 · management and general $33,460

  • 11g · Fees: other

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

  • 12 · Advertising and promotion

    total $4,998 · management and general $4,998

  • 13 · Office expenses

    total $4,033 · management and general $4,033

  • 14 · Information technology

    total $4,742 · management and general $4,742

  • 17 · Travel

    total $520 · management and general $520

  • 19 · Conferences, conventions and meetings

    total $1,031 · management and general $1,031

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $2,497 · management and general $2,497

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $1,255 · management and general $1,255

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,029,536 · end of year $931,811

  • 4 · Accounts receivable

    beginning of year $1,000 · end of year $1,000

  • 11 · Investments: publicly traded securities

    beginning of year $3,923,935 · end of year $4,055,322

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,361 · end of year $19,756

  • 25 · Other liabilities

    beginning of year $31,118 · end of year $58,527

  • 27 · Net assets without donor restrictions

    beginning of year $2,289,587 · end of year $1,994,193

  • 28 · Net assets with donor restrictions

    beginning of year $2,614,405 · end of year $2,915,657

Mission and programs · 2024

Mission

EASTMONT FOUNDATION SEEKS, RECEIVES, AND ADMINISTERS PHILANTHROPIC SUPPORT FOR THE NEEDS OF CHRISTIAN RETIREMENT HOMES (DBA: EASTMONT TOWERS COMMUNITY) AND THE BENEVOLENT PROGRAMS UNDERTAKEN BY EASTMONT TOWERS COMMUNITY'S RESIDENTS AND STAFF.

Activities or mission (Part I)

TO RAISE MONEY FOR THE USE OF CHRISTIAN RETIREMENT HOMES.

  • TO RAISE MONEY FOR THE USE OF CHRISTIAN RETIREMENT HOMES (DBA: EASTMONT TOWERS COMMUNITY), A NOT-FOR-PROFIT 501(C)(3) CORPORATION, FOR THE PROGRAMS DESCRIBED BELOW:1. BENEVOLENT LIFE CARE - PROVIDE BENEVOLENT CARE FOR LIFE CARE RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES.2. BENEVOLENT HOSPICE CARE - PROVIDE BENEVOLENT HOSPICE CARE FOR COMMUNITY MEMBERS AT THE MONARCH, A HOSPICE CARE FACILITY WITHIN THE EASTMONT COMMUNITY.3. OPERATIONAL GRANTS - PROVIDE OPERATIONAL GRANTS FOR SPECIFIC IMPROVEMENTS THAT ENHANCE THE QUALITY OF LIFE OF EASTMONT RESIDENTS.4. EASTMONT CARES - SUPPORT EASTMONT EMPLOYEES WHO PERSONIFY THE EASTMONT WAY THROUGH TUITION REIMBURSEMENT AND EMERGENCY ASSISTANCE.

    Expenses $578,673 · Grants $578,673

As filed on the 2024 return.

Listed in Part VII

  • Andrew Fisher Mha Nha

    EXECUTIVE DIRECTOR

    Total calculated
    $185,750
    From this org
    $0
    From related orgs
    $160,321
    Other
    $25,429
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,321 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,102 related
    Nontaxable benefits
    $0 + $18,327 related
    Filer's total
    $0 + $185,750 related

  • Greg Sullivan

    PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Ahl

    VICE PRESIDENT & PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jim Essay

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Doug Koenig

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kathy Asboe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Boudreau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Bryant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jill Jensen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Jane Ringsmuth

    DIRECTOR (THROUGH NOVEMBER 2024)

    Total calculated
    $0
    Hours/week
    1

  • Kris Rosenow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dean Schneider

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Betsy Sheets

    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

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.

  • TRANSFORMING AGE VENTURES INC

    C · FOR-PROFIT VENTURES AND ACTIVITIES · WA

  • SENIOR HOUSING ASSISTANCE CORPORATION

    C · LOW-INCOME HOUSING · WA

  • ALEGRECARE INC

    C · HOME HEALTH · CA

  • HEALTH CARE PARTNERS INC

    C · HOME HEALTH · CA

Provenance

Return type
form_990
Tax year
2024
Filed
12 August 2026
IRS schema version
2024v5.5
Source object
202642259349301129

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