WASHINGTON RESEARCH LICENSING FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- WASHINGTON RESEARCH LICENSING FOUNDATION (EIN 91-1160492)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-05-13
- IRS object ID
- 202211339349104296
- Schema version
- 2020v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Dissolution Stmt
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Investments Other Schedule2
- Land Etc Schedule2
- Liquidation Explanation Stmt
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
- Transfers To Controlled Entities
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-13T16:29:50-05:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 911194016 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLARK NUBER PS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10900 NE 4TH STREET SUITE 1400 | AddressLine1Txt |
| City | BELLEVUE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 911160492 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WASHINGTON RESEARCH LICENSING FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WASH | BusinessNameControlTxt |
| Phone | 2063365539 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2815 EASTLAKE AVENUE EAST NO 300 | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98102 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MORGAN HELLER | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 2063365539 | PhoneNum |
| Signature | 2022-05-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MORGAN | PersonFirstNm |
| Person Last | HELLER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JENNIFER BECKER HARRIS | PreparerPersonNm |
| PTIN | P00183358 | PTIN |
| Phone | 4254544919 | PhoneNum |
| Preparation | 2022-05-12 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $6,493,366 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $12,057 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $12,057 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $642,612 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $649,219 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $99,883 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $99,883 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | -$57,965 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $819,215 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $24,370,313 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $614,394 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $6,987 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $5,304 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,580,754 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,380,857 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $766,678 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $235,446 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $531,232 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $345,881 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $311,987 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $298,229 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $307,614 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $307,614 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $93,722 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $30,783 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $62,939 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $94,693 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $31,518 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $69,180 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $210,153 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $46,715 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $166,910 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $226,372 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $12,204 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $4,062 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $126,955 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $42,257 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $36,078 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $20,734 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $6,901 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $13,833 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $5,000 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $1,664 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $3,336 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $790,670 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $136,859 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $697,347 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $3,000,676 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $848,192 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,186,698 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $25,967,575 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | -$1,930,206 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $28,968,251 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $848,192 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $256,492 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$27,387,497 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $532,665 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,327,365 | CashBOYAmt |
| Cash EOY | $2,231,313 | CashEOYAmt |
| Cash EOYFMV | $2,231,313 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $3,872,737 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,059,614 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,059,614 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl BOY | $11,060 | AcctRcvblBOYAmt |
| Rcvbl From Officers BOY | $68,900 | RcvblFromOfficersBOYAmt |
| Other Nts And Loans Rcvbl | $246,553 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $235,053 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $246,553 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $246,553 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $820,889 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $99,977 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $99,977 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $23,807,630 | CorporateStockBOYAmt |
| Corporate Stock EOY | $0 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $0 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $3,983,377 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,423,173 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,423,173 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $756,673 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $693,546 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $72,479 | LandBOYAmt |
| Land EOY | $63,127 | LandEOYAmt |
| Land EOYFMV | $63,127 | LandEOYFMVAmt |
| Other Assets BOY | $1,102,560 | OtherAssetsBOYAmt |
| Other Assets EOY | $369,609 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $369,609 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $35,302,050 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,493,366 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $6,493,366 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $3,266,444 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $740,580 | AccountsPayableEOYAmt |
| Grants Payable BOY | $140,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $105,000 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $3,406,444 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $845,580 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $31,895,606 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $5,647,786 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $31,895,606 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $5,647,786 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $35,302,050 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $6,493,366 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $31,895,606 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$27,387,497 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,139,677 | OtherIncreasesAmt |
| Subtotal | $5,647,786 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $5,647,786 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (14 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| CAPITAL GAIN ON EXEMPT USE ASSETS | P | $526,174 | $320,577 | $205,597 | $205,597 | ||
| ALLIANCE OF ANGELS SEED FUND, LLC - PASS-THROUGH | P | $122,401 | $122,401 | $122,401 | 2019-07-01 | 2021-06-30 | |
| ARCH VENTURE FUND VI, LP - PASS-THROUGH | P | $18,061 | $18,061 | $18,061 | 2019-07-01 | 2021-06-30 | |
| ARCH VENTURE FUND VII, LP - PASS-THROUGH | P | $193,897 | -$193,897 | -$193,897 | 2019-07-01 | 2021-06-30 | |
| TECHSTARTS SEATTLE 2012, LLC - PASS-THROUGH | P | $1,288 | $1,288 | $1,288 | 2019-07-01 | 2021-06-30 | |
| MARKETABLE SECURITIES | P | $24,370,313 | $25,040,702 | -$670,389 | -$670,389 | ||
| CLASS ACTION PROCEEDS | P | $10,608 | $10,608 | $10,608 | 2019-07-01 | 2021-06-30 | |
| ARCH VI | P | $968,863 | $968,863 | $968,863 | 2019-07-01 | 2021-06-30 | |
| ARCH VII | P | $1,381,207 | $1,381,207 | $1,381,207 | 2019-07-01 | 2021-06-30 | |
| ANSWERDASH | P | $1,101,828 | -$1,101,828 | -$1,101,828 | 2019-07-01 | 2021-06-30 | |
| VICIS | P | $133,219 | -$133,219 | -$133,219 | 2019-07-01 | 2021-06-30 | |
| VOYAGER | P | $5,702 | $5,702 | $5,702 | 2019-07-01 | 2021-06-30 | |
| ALLIANCE OF ANGELS | P | $83,409 | $83,409 | $0 | $0 | 2019-07-01 | 2021-06-30 |
| P | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $614,394 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $7,404 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $7,404 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $7,404 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $59,944 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $59,944 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $52,540 | OverpaymentAmt |
| Applied To ES Tax | $52,540 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | Yes (1) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | WA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (1) | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.WRFSEATTLE.ORG | WebsiteAddressTxt |
| Individual With Books | MORGAN HELLAR | IndividualWithBooksNm |
| Phone | 2063365539 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2815 EASTLAKE AVE E 300 | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | Yes (1) | BusinessHoldingsInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (12 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| RONALD HOWELL | ||||||||
| 2815 EASTLAKE AVENUE EAST SUITE 300 | SEATTLE | WA | 98102 | CEO & PRESIDENT (THRU 4/2021) | 40.00 | $338,229 | $24,010 | $0 |
| JEFF EBY | ||||||||
| 2815 EASTLAKE AVENUE EAST SUITE 300 | SEATTLE | WA | 98102 | CFO/ACTING CEO/TREASURER/SECRETARY | 40.00 | $238,678 | $18,838 | $0 |
| C KENT CARLSON | ||||||||
| 2815 EASTLAKE AVENUE EAST SUITE 300 | SEATTLE | WA | 98102 | CHAIRMAN | 4.00 | $7,400 | $0 | $0 |
| MORGAN HELLAR | ||||||||
| 2815 EASTLAKE AVENUE EAST SUITE 300 | SEATTLE | WA | 98102 | CFO | 40.00 | $146,371 | $20,541 | $0 |
| ADRIANE BROWN | ||||||||
| 2815 EASTLAKE AVENUE EAST SUITE 300 | SEATTLE | WA | 98102 | DIRECTOR | 2.00 | $3,400 | $0 | $0 |
| JACQUELINE BRAINARD EMAMI | ||||||||
| 2815 EASTLAKE AVENUE EAST SUITE 300 | SEATTLE | WA | 98102 | DIRECTOR | 2.00 | $4,400 | $0 | $0 |
| TOM CABLE | ||||||||
| 2815 EASTLAKE AVENUE EAST SUITE 300 | SEATTLE | WA | 98102 | DIRECTOR | 2.00 | $4,000 | $0 | $0 |
| KEVIN CABLE | ||||||||
| 2815 EASTLAKE AVENUE EAST SUITE 300 | SEATTLE | WA | 98102 | DIRECTOR | 2.00 | $4,400 | $0 | $0 |
| SUE COLITON | ||||||||
| 2815 EASTLAKE AVENUE EAST SUITE 300 | SEATTLE | WA | 98102 | DIRECTOR | 2.00 | $3,000 | $0 | $0 |
| DR DAVID GALAS | ||||||||
| 2815 EASTLAKE AVENUE EAST SUITE 300 | SEATTLE | WA | 98102 | DIRECTOR | 2.00 | $3,000 | $0 | $0 |
| BROOKS SIMPSON | ||||||||
| 2815 EASTLAKE AVENUE EAST SUITE 300 | SEATTLE | WA | 98102 | CHAIRMAN | 4.00 | $7,400 | $0 | $0 |
| JAMES R UHLIR | ||||||||
| 2815 EASTLAKE AVENUE EAST SUITE 300 | SEATTLE | WA | 98102 | DIRECTOR | 2.00 | $6,400 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| LORETTA LITTLE | ||||||||
| 2815 EASTLAKE AVE EAST SUITE 300 | SEATTLE | WA | 98102 | MANAGING DIRECTOR | 40.00 | $238,908 | $26,752 | $0 |
| WILLIAM CANESTARO | ||||||||
| 2815 EASTLAKE AVE EAST SUITE 300 | SEATTLE | WA | 98102 | MANAGING DIRECTOR | 40.00 | $238,500 | $24,482 | $0 |
| KIMBERLY EMMONS | ||||||||
| 2815 EASTLAKE AVE EAST SUITE 300 | SEATTLE | WA | 98102 | MANAGER, RESEARCH SE | 40.00 | $189,916 | $25,851 | $0 |
| DAVID SHOULTZ | ||||||||
| 2815 EASTLAKE AVE EAST SUITE 300 | SEATTLE | WA | 98102 | DIRECTOR, GRANT PROG | 40.00 | $155,000 | $26,025 | $0 |
| PHILIP DALE WADMAN | ||||||||
| 2815 EASTLAKE AVE EAST SUITE 300 | SEATTLE | WA | 98102 | COMMUNICATIONS MANAG | 40.00 | $135,964 | $20,946 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 1 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CLARK NUBER PS | |||||
| 10900 NE 4TH ST STE 1400 | BELLEVUE | WA | 98004 | AUDIT/TAX SERVICES | $94,693 |
| K&L GATES | |||||
| 925 FOURTH AVE STE 2900 | SEATTLE | WA | 98104 | LEGAL SERVICES | $92,484 |
| EMBER ONE | |||||
| 1137-B 25TH AVE | SEATTLE | WA | 98122 | SYSTEMS SUPPORT SERVICES | $62,808 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | ASSIST ELIGIBLE INSTITUTIONS TO APPLY FOR PATENTS RELATED TO DISCOVERIES, INVENTIONS, AND PROCESSES RESULTING FROM THEIR RESEARCH AND TO MANAGE PATENT RIGHTS. | Description1Txt |
| Expenses1 | $83,280 | Expenses1Amt |
| Description2 | PROMOTE, ENCOURAGE, AND SUPPORT SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS. (RELATED GRANTS: $70,000) | Description2Txt |
| Expenses2 | $608,596 | Expenses2Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $2,266,265 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $432,739 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $289,027 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $2,988,031 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $2,988,031 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $44,820 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $2,943,211 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $147,161 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $147,161 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $7,404 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $5,731 | IncomeTaxAmt |
| Total Tax | $13,135 | TotalTaxAmt |
| Distributable Before Adj | $134,026 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $11,716 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $145,742 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $145,742 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $256,492 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $256,492 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $256,492 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $145,742 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr2 | $73,939 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $127,209 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $201,148 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $256,492 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $145,742 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $110,750 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $311,898 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $311,898 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $73,939 | ExcessFromYear2Amt |
| Excess From Year1 | $127,209 | ExcessFromYear1Amt |
| Excess From Current Year | $110,750 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| UNIVERSITY OF WASHINGTON | |||||||
| 311 GERBERDING HALL BOX 351210 | SEATTLE | WA | 98199 | NONE | GOV - 170(C)(1) | DR. DAVID GINGER, RETENTION AT CLEAN ENERGY INST | $35,000 |
| UNIVERSITY OF WASHINGTON | |||||||
| 311 GERBERDING HALL BOX 351210 | SEATTLE | WA | 98199 | NONE | GOV - 170(C)(1) | DR. DAVID GINGER, RETENTION AT CLEAN ENERGY INST | $35,000 |
| WASHINGTON RESEARCH FOUNDATION | |||||||
| 2815 EASTLAKE AVENUE EAST SUITE 300 | SEATTLE | WA | 98102 | NONE | PF - PRIVATE FOUNDAT | CAPITAL GRANT OF ASSETS, SEE STATEMENT 15 FOR THE GRANT PURPOSE. CASH - $23,953,848; PRIVATELY HELD INVESTMENTS - $2,013,727BOOK VALUE OF CONTRIBUTED PROPERTY: $25,967,575VALUATION METHOD: FAIR MARKET VALUEDATE OF GIFT: VARIOUS | $25,967,575 |
| WASHINGTON RESEARCH FOUNDATION | |||||||
| 2815 EASTLAKE AVENUE EAST SUITE 300 | SEATTLE | WA | 98102 | NONE | PF - PRIVATE FOUNDAT | PORTION OF GRANTS PAID TREATED AS A DISTRIBUTION OF CORPUS UNDER TREAS. REG. 53.4942(A)-3. | -$25,967,575 |
| WASHINGTON RESEARCH FOUNDATION | |||||||
| 2815 EASTLAKE AVENUE EAST SUITE 300 | SEATTLE | WA | 98102 | NONE | PF - PRIVATE FOUNDAT | PORTION OF QUALIFYING DISTRIBUTIONS ATTRIBUTABLE TO THE FOUNDATION AS PART OF THE SIGNIFICANT DISTRIBUTION OF ASSETS FROM WASHINGTON RESEARCH FOUNDATION (46-4105873) DURING THE YEAR, PURSUANT TO TREAS REG 1.507-3. | -$2,000,206 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | -$1,930,206 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $12,057 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $642,612 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | -$57,965 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $613,618 | ExclusionAmt |
| Related Or Exempt Function Incm | $205,597 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|
| ROYALTY & LICENSE | $6,334 |
| REIMBURSEMENTS | $653 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,268,287 | ExclusionAmt |
| Related Or Exempt Function Incm | $154,619 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,422,906 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (4 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 5B | PROGRAM-RELATED RENTAL INCOME |
| 8 | CAPITAL GAINS FOM EXEMPT ASSETS |
| 11A | ROYALTY AND LICENSINGS FROM PROGRAM RELATED ACTIVITIES |
| 11B | RETURN OF PRIOR PERIOD QUALIFYING DISTRIBUTIONS |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $94,693 | Amt |
| Net Investment Income | $31,518 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $69,180 | DisbursementsCharitablePrpsAmt |
Dissolution Stmt DissolutionStmt
Dissolution Information DissolutionInformationGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WASHINGTON RESEARCH FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2815 EASTLAKE AVENUE EAST STE 300 | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | SIGNIFICANT TRANSFER OF ASSETS TO A CONTROLLED ENTITY. THESE DISTRIBUTIONS DO NOT CONSTITUTE A FINAL DISTRIBUTION OF THE FOUNDATION'S ASSETS. WASHINGTON RESEARCH LICENSING FOUNDATION HAS NO PLANS TO TERMINATE AT THIS TIME. | ShortExplanationTxt |
| Dissolution | $25,967,575 | DissolutionAmt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | Results Of VerificationResultsOfVerificationTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| WASHINGTON RESEARCH FOUNDATION | ||||||||||
| 2815 EASTLAKE AVENUE EAST SUITE 300 | SEATTLE | WA | 98102 | 2018-06-30 | $1,595,142 | (A) TO BENEFIT EDUCATIONAL INSTITUTIONS OF THE STATE OF WASHINGTON OR PRIVATE EDUCATIONAL OR SCIENTIFIC RESEARCH INSTITUTIONS LOCATED WITHIN THE STATE OF WASHINGTON THAT ARE EXEMPT FROM INCOME TAXATION UNDER SECTION 501(C)(3) OF THE CODE, ALL OF WHICH ARE HEREIN REFERRED TO AS "ELIGIBLE INSTITUTIONS;(B) TO PROMOTE, ENCOURAGE AND AID SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; TO PROVIDE OR ASSIST IN PROVIDING MEANS BY WHICH THEIR SCIENTIFIC DISCOVERIES, INVENTIONS AND PROCESSES MAY BE DEVELOPED, APPLIED AND PATENTED; TO PROMOTE UTILIZATION OR DISPOSITION OF SUCH DISCOVERIES, INVENTIONS AND PROCESSES AND PATENT RIGHTS OR INTERESTS THEREIN TO PROVIDE FUNDS FOR AND TO STIMULATE AND PROMOTE FURTHER INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS;(C) TO DISTRIBUTE THE ASSETS FOR SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; AND(D) TO USE AND ADMINISTER GIFTS, GRANTS, BEQUESTS, AND DEVICES FOR THE BENEFIT OF ELIGIBLE INSTITUTIONS. | $1,595,142 | NONE | 5/3/2019, 5/8/2020, 4/8/2021 (FINAL) | THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. |
| WASHINGTON RESEARCH FOUNDATION | ||||||||||
| 2815 EASTLAKE AVENUE EAST SUITE 300 | SEATTLE | WA | 98102 | 2019-06-30 | $9,129,809 | (A) TO BENEFIT EDUCATIONAL INSTITUTIONS OF THE STATE OF WASHINGTON OR PRIVATE EDUCATIONAL OR SCIENTIFIC RESEARCH INSTITUTIONS LOCATED WITHIN THE STATE OF WASHINGTON THAT ARE EXEMPT FROM INCOME TAXATION UNDER SECTION 501(C)(3) OF THE CODE, ALL OF WHICH ARE HEREIN REFERRED TO AS "ELIGIBLE INSTITUTIONS;(B) TO PROMOTE, ENCOURAGE AND AID SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; TO PROVIDE OR ASSIST IN PROVIDING MEANS BY WHICH THEIR SCIENTIFIC DISCOVERIES, INVENTIONS AND PROCESSES MAY BE DEVELOPED, APPLIED AND PATENTED; TO PROMOTE UTILIZATION OR DISPOSITION OF SUCH DISCOVERIES, INVENTIONS AND PROCESSES AND PATENT RIGHTS OR INTERESTS THEREIN TO PROVIDE FUNDS FOR AND TO STIMULATE AND PROMOTE FURTHER INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS;(C) TO DISTRIBUTE THE ASSETS FOR SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; AND(D) TO USE AND ADMINISTER GIFTS, GRANTS, BEQUESTS, AND DEVICES FOR THE BENEFIT OF ELIGIBLE INSTITUTIONS. | $9,129,809 | NONE | 5/8/2020, 4/8/2021 | THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. |
| WASHINGTON RESEARCH FOUNDATION | ||||||||||
| 2815 EASTLAKE AVENUE EAST SUITE 300 | SEATTLE | WA | 98102 | 2020-06-30 | $1,864,405 | (A) TO BENEFIT EDUCATIONAL INSTITUTIONS OF THE STATE OF WASHINGTON OR PRIVATE EDUCATIONAL OR SCIENTIFIC RESEARCH INSTITUTIONS LOCATED WITHIN THE STATE OF WASHINGTON THAT ARE EXEMPT FROM INCOME TAXATION UNDER SECTION 501(C)(3) OF THE CODE, ALL OF WHICH ARE HEREIN REFERRED TO AS "ELIGIBLE INSTITUTIONS;(B) TO PROMOTE, ENCOURAGE AND AID SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; TO PROVIDE OR ASSIST IN PROVIDING MEANS BY WHICH THEIR SCIENTIFIC DISCOVERIES, INVENTIONS AND PROCESSES MAY BE DEVELOPED, APPLIED AND PATENTED; TO PROMOTE UTILIZATION OR DISPOSITION OF SUCH DISCOVERIES, INVENTIONS AND PROCESSES AND PATENT RIGHTS OR INTERESTS THEREIN TO PROVIDE FUNDS FOR AND TO STIMULATE AND PROMOTE FURTHER INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS;(C) TO DISTRIBUTE THE ASSETS FOR SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; AND(D) TO USE AND ADMINISTER GIFTS, GRANTS, BEQUESTS, AND DEVICES FOR THE BENEFIT OF ELIGIBLE INSTITUTIONS. | $1,864,405 | NONE | 4/8/2021 | THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. |
| WASHINGTON RESEARCH FOUNDATION | ||||||||||
| 2815 EASTLAKE AVENUE EAST SUITE 300 | SEATTLE | WA | 98102 | 2021-06-30 | $25,967,575 | (A) TO BENEFIT EDUCATIONAL INSTITUTIONS OF THE STATE OF WASHINGTON OR PRIVATE EDUCATIONAL OR SCIENTIFIC RESEARCH INSTITUTIONS LOCATED WITHIN THE STATE OF WASHINGTON THAT ARE EXEMPT FROM INCOME TAXATION UNDER SECTION 501(C)(3) OF THE CODE, ALL OF WHICH ARE HEREIN REFERRED TO AS "ELIGIBLE INSTITUTIONS;(B) TO PROMOTE, ENCOURAGE AND AID SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; TO PROVIDE OR ASSIST IN PROVIDING MEANS BY WHICH THEIR SCIENTIFIC DISCOVERIES, INVENTIONS AND PROCESSES MAY BE DEVELOPED, APPLIED AND PATENTED; TO PROMOTE UTILIZATION OR DISPOSITION OF SUCH DISCOVERIES, INVENTIONS AND PROCESSES AND PATENT RIGHTS OR INTERESTS THEREIN TO PROVIDE FUNDS FOR AND TO STIMULATE AND PROMOTE FURTHER INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS;(C) TO DISTRIBUTE THE ASSETS FOR SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; AND(D) TO USE AND ADMINISTER GIFTS, GRANTS, BEQUESTS, AND DEVICES FOR THE BENEFIT OF ELIGIBLE INSTITUTIONS. | $25,967,575 | NONE | IN PROCESS | THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|
| FORM 990-PF, PARTS X, XI, XII, AND XIII | WASHINGTON RESEARCH LICENSING FOUNDATION GRANTED SIGNIFICANT ASSETS TO WASHINGTON RESEARCH FOUNDATION (EIN: 46-4105873), AS SUCH THE TAX ATTRIBUTES HAVE BEEN RESTATED AND REPORTED ON WASHINGTON RESEARCH LICENSING FOUNDATION'S 2020 FORM 990-PF. THEREFORE, ON THE RETURN THE FOLLOWING ADJUSTMENTS HAVE MADE TO REFLECT THE GRANT: WASHINGTON RESEARCH LICENSING FOUNDATION'S MINIMUM INVESTMENT RETURN CALCULATION REPORTED IN PART X, DISTRIBUTABLE AMOUNT REPORTED IN PART XI (INCLUDING LINE 4 ADJUSTMENTS), QUALIFYING DISTRIBUTIONS REPORTED IN PARTS I & XII, AND THE UNDISTRIBUTED INCOME IN PART XIII. |
| FORM 990-PF, PART VIII, LINE 1: | AFTER MORE THAN 30 YEARS OF SERVICE, RONALD HOWELL, CEO & PRESIDENT, ANNOUNCED HIS EARLY RETIREMENT FROM WASHINGTON RESEARCH FOUNDATION DURING THE FISCAL YEAR ENDED JUNE 30, 2021. IN APPRECIATION OF HIS YEARS OF SERVICE AND SUPPORT THOUGH A TRANSITION PERIOD DURING THE FISCAL YEAR, MR. HOWELL RECEIVED A SEPARATION PAYMENT, WHICH WAS DETERMINED TO BE REASONABLE FOR THE PURPOSES OF THE EXCEPTION TO SELF-DEALING UNDER SEC. 53.4941(D)-3(C). |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | INVESTMENT IN START-UP COMPANIES | CategoryOrItemTxt |
| Listed At Cost Or FMV | FMV | ListedAtCostOrFMVCd |
| Book Value | $1,423,173 | BookValueAmt |
| EOYFMV | $1,423,173 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| LEASEHOLD IMPROVEMENTS | $359,131 | $309,434 | $49,697 | $49,697 |
| EQUIPMENT | $216,260 | $204,241 | $12,019 | $12,019 |
| FURNITURE & FIXTURES | $181,282 | $179,871 | $1,411 | $1,411 |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THIS STATEMENT IS SUBMITTED IN ACCORDANCE WITH REG. 1.6043-3(A)(1) AND FORM 990-PF GENERAL INSTRUCTION T TO REPORT THE DISTRIBUTION OF CERTAIN ASSETS THAT RESULTED IN A SUBSTANTIAL CONTRACTION OF ASSETS. DURING FISCAL YEAR JUNE 30, 2021, WASHINGTON RESEARCH LICENSING FOUNDATION MADE MULTIPLE DISTRIBUTIONS FROM SOURCES OTHER THAN CURRENT INCOME RESULTING IN A SUBSTANTIAL CONTRACTION. THESE DISTRIBUTIONS DO NOT CONSTITUTE A FINAL DISTRIBUTION OF THE FOUNDATION'S ASSETS. WASHINGTON RESEARCH LICENSING FOUNDATION HAS NO PLANS TO TERMINATE AT THIS TIME. RECIPIENT'S NAME, EIN AND ADDRESS: WASHINGTON RESEARCH FOUNDATION 46-4105873 ASSETS DISTRIBUTED: PRIVATELY HELD INVESTMENTS CASH 06/30/2021 FMV: $25,967,575 | ExplanationTxt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $93,722 | LegalFeesAmt |
| Net Investment Income | $30,783 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $62,939 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACCRUED LICENSING FEES | Desc |
| BOY Book Value | $1,102,560 | BOYBookValueAmt |
| EOY Book Value | $369,609 | EOYBookValueAmt |
| EOYFMV | $369,609 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OFFICE EQUIPMENT & COMMUNICATIONS | $30,513 | $10,159 | $21,166 |
| VENTURE CENTER | $157,848 | $99,883 | $57,965 |
| REFERENCE MATERIALS | $34,078 | $11,343 | $22,735 |
| OFFICE SUPPLIES | $11,371 | $6,271 | $5,100 |
| BANK CHARGES | $2,706 | $901 | $1,805 |
| RESEARCH EXPENSE | $554,154 | $6,334 | $588,576 |
| EQUITY PARTNERSHIPS | $0 | $1,968 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| INCOME FROM EQUITY PARTNERSHIPS | $0 | -$1,030 | $0 |
| ROYALTY & LICENSE | $6,334 | $6,334 | $6,334 |
| REIMBURSEMENTS | $653 | $653 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN ON INVESTMENTS | Desc |
| Amt | $1,139,677 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PROFESSIONAL FEES | $184,395 | $20,957 | $166,910 |
| INVESTMENT MANAGEMENT FEES | $25,758 | $25,758 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EXCISE TAXES | $56,509 | $0 | $0 |
| DEFERRED TAXES | $169,863 | $0 | $0 |
Transfers To Controlled Entities TransfersToControlledEntities
Transfers To Controlled Ent TransfersToControlledEntGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WASHINGTON RESEARCH FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2815 EASTLAKE AVENUE EAST 300 | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 464108573 | EIN |
| Desc | CAPITAL GRANT OF ASSETS | Desc |
| Amt | $25,967,575 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,967,575 | TotalAmt |