Form 990 for tax year 2023

Filed by PACIFIC NORTHWEST BALLET FOUNDATION.

Totals

Total revenue: $4,411,688
Total expenses: $1,211,873
Contributions and grants received: $3,268,003
Grants paid: $1,107,000
Program service revenue: $0
Investment income: $1,143,685
Other revenue: $0
Total assets, end of year: $33,149,844
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $33,149,844
Program services expenses (Part IX): $1,107,000
Management and general expenses: $104,873
Fundraising expenses: $0
Program service expenses (Part III): $1,107,000

Program services were 91.3% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$1,159,979
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$2,108,024
1g · Noncash contributions included above

$0
3 · Investment income

total $561,003 · related or exempt $0 · unrelated business $0 · excluded $561,003
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

securities $8,038,226 · other assets $0
7b · Less cost or other basis and sales expenses

securities $7,455,544 · other assets $0
7c · Gain or loss

securities $582,682 · other assets $0
7d · Net gain or loss

total $582,682 · related or exempt $0 · unrelated business $0 · excluded $582,682
8a · Fundraising events: contributions included on line 1c

$0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $1,107,000 · program services $1,107,000
11f · Fees: investment management

total $104,873 · management and general $104,873

Balance sheet

Part X, book values.

3 · Pledges and grants receivable

beginning of year $41,060 · end of year $1,713,953
11 · Investments: publicly traded securities

beginning of year $25,344,984 · end of year $29,634,865
15 · Other assets

beginning of year $1,633,722 · end of year $1,801,026
17 · Accounts payable and accrued expenses

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $4,378,988 · end of year $6,004,354
28 · Net assets with donor restrictions

beginning of year $22,640,778 · end of year $27,145,490

Mission and programs · 2023

Mission

Pacific Northwest Ballet Foundation's mission is to maximize the growth of its endowment funds through gifts and investment income, while supporting the Pacific Northwest Ballet Association with distributions from the endowment.

Activities or mission (Part I)

Pacific Northwest Ballet Foundation supports the activities of Pacific Northwest Ballet Association, a non-profit professional ballet company and school, through distributions of endowment funds.

Pacific Northwest Ballet Foundation's mission is to maximize the growth of its endowment funds through gifts and investment income, while supporting Pacific Northwest Ballet Association with distributions from the endowment.

Expenses $1,107,000 · Grants $1,107,000 · Revenue $4,411,688

As filed on the 2023 return.

Listed in Part VII

Peter Horvitz

Chair

Total calculated

$0

Hours/week

1 + 2 related
Dan Kingston

President

Total calculated

$0

Hours/week

1 + 2 related
Carl Behnke

Vice President

Total calculated

$0

Hours/week

1 + 1 related
Joan Fitzmaurice

Secretary

Total calculated

$0

Hours/week

1 + 2 related
Dan Heidt

Treasurer

Total calculated

$0

Hours/week

1 + 1 related
Aya Hamilton

Director

Total calculated

$0

Hours/week

1 + 2 related
Phil Schlaepfer

Director

Total calculated

$0

Hours/week

1
Lynne Graybeal

Trustee

Total calculated

$0

Hours/week

1 + 2 related
Toni Hoover

Trustee

Total calculated

$0

Hours/week

1 + 2 related

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

Pacific Northwest Ballet Association

$1,107,000

To support the mission of Pacific Northwest Ballet Association

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.

Pacific Northwest Ballet Association

501(c)(3) · Professional Ballet Company and School · WA

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 Trust

T · Investing · WA · 0% owned · controlled entity

Provenance

Return type: form_990
Tax year: 2023
Filed: 14 May 2025
IRS schema version: 2023v6.0
Source object: 202511359349313031

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