Whitehorse Foundation

Tax-deductible

Seattle, WA501(c)(3)EIN 94-3101726

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The Whitehorse Foundation is organized & operated as a supporting org to seattle Foundation.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 4 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $3.9M a year · 62% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$100K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.0M
+23% vs prior year
Spent
$2.9M
To programs
85%
Net assets
$55.2M
By yearFY2020–FY2024
Revenue
$4.0M
FY2024▲ +23%
Revenue by fiscal year
FY2020$3.1M
FY2021$18.9M
FY2022$2.3M
FY2023$3.3M
FY2024$4.0M
Expenses
$2.9M
FY2024▼ -17%
Expenses by fiscal year
FY2020$1.8M
FY2021$1.5M
FY2022$2.2M
FY2023$3.5M
FY2024$2.9M
Net assets
$55.2M
FY2024▲ +7%
Net assets by fiscal year
FY2020$35.0M
FY2021$55.5M
FY2022$46.6M
FY2023$51.6M
FY2024$55.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $2.5M Management & general 15% · $444K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Foundation Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary & Treasurer
$0Pt VII · Sec A
Donor Director
$0Pt VII · Sec A
See Whitehorse Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Seattle Foundation's charitable work.

Provided by the organization

This section is blank until Whitehorse Foundation claims this page.

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1 program service account for $2.5M of program spending, described in the organization's own filed words · FY2024.
01

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.

$2.5Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 111 grants · $9.8M · 2020–2024
Volunteers of America INCVA · FY2024$175,000
Project Girl Mentoring ProgramWA · FY2024$150,000
Millennia MinistriesWA · FY2024$125,000
ChildstriveWA · FY2024$125,000
Center for Human ServicesWA · FY2024$120,000
Cocoon HouseWA · FY2024$100,000
Linc NwWA · FY2024$90,000
Take the Next StepWA · FY2024$75,000
Housing HopeWA · FY2024$75,000
Bridge Receiving CenterWA · FY2024$50,000
Mercy Housing NorthwestCO · FY2024$50,000
Sound PathwaysWA · FY2024$50,000
See all 111 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.0M
Ln 12
Investment incomeLn 3$2.6M
Gifts and grantsLn 1h$1.5M
Money outPt IX
$2.9M
Ln 25
Programscol B$2.5M
Managementcol C$444K
Owns and owesPt X
$55.2M
net assets · Ln 32
Cash and savingsLn 1–2$734K
Total assetsLn 16$55.3M
LiabilitiesLn 26$100K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$2.6M
Gains on assetsLn 7$1.9M
Total revenueLn 12$4.0M
Assets in detailPt X, end of year
CashLn 1$734K
Cash and savings togetherLn 1–2$734K
InvestmentsLn 11–13$54.6M
Total assetsLn 16$55.3M
LiabilitiesLn 26$100K
Net assetsLn 32$55.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$638K$734K
InvestmentsLn 11–13$51.1M$54.6M
Total assetsLn 16$51.7M$55.3M
LiabilitiesLn 26$50K$100K
Net assetsLn 32$51.6M$55.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.4M$2.4M
Legal feesLn 11b$205$205
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$357K$357K
Other expenses (24a–d)Ln 24$119K$36K$83K
Total functional expensesLn 25$2.9M$2.5M$444K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $4.0M$2.9M$1.1M$55.2M 990 PDF
FY2023 $3.3M$3.5M−$218K$51.6M 990 PDF
FY2022 $2.3M$2.2M$76K$46.6M 990 PDF
FY2021 $18.9M$1.5M$17.4M$55.5M 990 PDF
FY2020 $3.1M$1.8M$1.3M$35.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $4,037,749 across 5 lines filed
VIII-1d Related organizations$1,469,085
VIII-1h Total contributions, gifts and grants$1,469,085
VIII-3 Investment incomeExcluded from tax $676,903$676,903
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,891,761$1,891,761
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,568,664$4,037,749
Part IX · Statement of functional expenses $2,922,647 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $2,442,500$2,442,500
IX-11b Legal feesManagement $205$205
IX-11c Accounting feesManagement $3,900$3,900
IX-11f Investment management feesManagement $356,836$356,836
IX-24 Other expenses (24a–d)Programs $35,748 · Management $83,458$119,206
IX-25 Total functional expensesPrograms $2,478,248 · Management $444,399 · Fundraising $0$2,922,647
Part X · Balance sheet $55,338,425 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $637,770$734,497
X-11 Publicly traded securitiesStart of year $51,059,605$54,603,928
X-16 Total assetsStart of year $51,697,375$55,338,425
X-17 Accounts payable and accrued expensesStart of year $60$0
X-18 Grants payableStart of year $50,000$100,000
X-26 Total liabilitiesStart of year $50,060$100,000
X-27 Net assets without donor restrictionsStart of year $51,647,315$55,238,425
X-32 Total net assets or fund balancesStart of year $51,647,315$55,238,425
X-33 Total liabilities and net assetsStart of year $51,697,375$55,338,425
Part XI · Reconciliation of net assets $55,238,425 net assets at year end
XI-1 Total revenue$4,037,749
XI-2 Total expenses$2,922,647
XI-3 Revenue less expenses$1,115,102
XI-4 Net assets at start of year$51,647,315
XI-5 Net unrealized gains (losses) on investments$2,455,604
XI-9 Other changes in net assets$20,404
XI-10 Net assets at end of year$55,238,425

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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