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Shasta Foundation EIN 87-3040253

Shasta Foundation

EIN  87-3040253 Private foundation / grantmaker Woodinville, WA
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Size
<$100K
What they do
A private foundation based in Woodinville, WA. It reported about $44K in revenue for 2024.
Leadership
Ks Sree Balaji · Director and President
Money in and out
$44K revenue, $70K expenses
Bottom line
—

A private foundation based in Woodinville, WA. It reported about $44K in revenue for 2024. For fiscal year 2024 it reported $44K in revenue, $70K in expenses, and $397K in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$44K
Pt VIII · Ln 12
Total expenses
$70K
Pt IX · Ln 25
Net assets
$397K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$26K
Total assets
397K
deployed as grants and operations
Grants paid
62K
in FY2024
Grants made
1grants
total in period
Payout rate
15%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 1 grant · $62K · 2024–2024
Agastya GurukulamWA · FY2024$61,500

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV1
Average grantPart XV$62K
Median grantPart XV$62K
Largest grantPart XV$62K
Top cause focusNTEEArts & Culture (100%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$44K
FY2024
Expenses
$70K
FY2024▲ +6%
Total assets
$397K
FY2024▼ -6%
Total liabilities
$220
FY20240%
Total revenue
$44K
Pt VIII · Ln 12
Total expenses
$70K
Pt IX · Ln 25
Net assets
$397K
Pt X · Ln 32
Total assetsPt II$397K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CShasta Foundation
EINHdr · item D87-3040253
Principal addressHdr · item CWoodinville, WA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFMay 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Ks Sree Balaji
Director and President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vijaya Viswanathan
Director and Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$44K
Total revenueLn 12$44K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.88 Operating & administrative $0.12
Grants & contributions paid88%$62K
Operating & administrative12%$9K
Total functional expensesLn 25$70K

Balance Sheet

Part X · end of year
CashLn 1$145K
Total assetsLn 16$397K
Total liabilitiesLn 26$220
Total net assetsLn 32$397K
Months of cash on handcomputed24.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $397K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $44K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $44K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $44K · Prior year $0
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $397K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $44K · Expenses $70K
-59%
Liabilities-to-Assets
Total liabilities — · Total assets $397K
—
Net-asset ratio
Net assets $397K · Total assets $397K
100%
People & payroll
Highest Reported Total Compensation
Individual Ks Sree Balaji · Reported title Director and President · Highest reported compensation $0 · Total expenses $70K
0%
Personnel share
not reported

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown. Peer cohort: .

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$44K revenue · viewing · ⤓ 990 PDF
FY2023$0 revenue · ⤓ 990 PDF
FY2022$0 revenue · ⤓ 990 PDF
FY2021$536K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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