Spokane Turbine Center DBA Parkwater Foundation
Spokane Turbine Center DBA Parkwater Foundation is a private foundation focused on Education, based in Spokane, WA. IRS filing data is available from 2020 through 2024. In 2024, it awarded 2 grants totaling $222K.
Key facts about Spokane Turbine Center DBA Parkwater Foundation
In short: Spokane Turbine Center DBA Parkwater Foundation gave $222K across 2 grants in 2024 (avg $111K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- EIN
- 26-0286346
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $221,591
- Grants made (2024)
- 2
- Average grant
- $110,796
- Median grant
- $110,796
- Primary geography
- Illinois (55% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$222K
-98.8% YoY
Grant Count
2
-66.7% YoY
Avg Grant Size
$111K
-96.3% YoY
Under IRS private-foundation payout rules, Spokane Turbine Center DBA Parkwater Foundation reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
How Spokane Turbine Center DBA Parkwater Foundation gives
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990 filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $46K (2020) to $17.8M (2023). In 2024 it made 2 grants totaling $222K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was The Moody Bible Institute of Chicago ($122K). Together the top 2 received $222K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 9 grants of 13 (69%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Moody Bible Institute of Chicago Chicago, IL | To Support Program Mission | $121,591 |
| Mission Safety International Elizabethton, TN | To Support Program Mission | $100,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $266,354 | $3,997,629 |
| Revenue | $188 | $29,330 | $1,300,249 |
| Expenses | $266,542 | $17,896,086 | $138,867 |
| Qualifying Distributions | $256,301 | $17,809,839 | — |
| Net Investment Income | — | $5,181 | $982,332 |
| Distributable Amount | $4,422 | $55,913 | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS August 2, 2021)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Spokane Turbine Center DBA Parkwater Foundation is led by Bob Lohn, Chairman & CEO on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Bob Lohn
Chairman & CEO
On filings since 2020
3 hrs/week
No compensation reported
David Goudge
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Jim Brownlee
Director
On filings since 2023
0.5 hrs/week
No compensation reported
John Harmon
Vice Chair
On filings since 2020
0.5 hrs/week
No compensation reported
Terry Raymond
Secretary & Treasurer
On filings since 2020
0.5 hrs/week
No compensation reported
Former officers (3)
- Former: David Wierengo (2020–2022) — Executive Director & COO
- Former: Jeff Hawk (2020–2022) — Director
- Former: Jack Sluiter (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Spokane Turbine Center DBA Parkwater Foundation
How much does Spokane Turbine Center DBA Parkwater Foundation give each year?
Spokane Turbine Center DBA Parkwater Foundation gave $222K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $17.8M across 6 grants.
What is Spokane Turbine Center DBA Parkwater Foundation?
Spokane Turbine Center DBA Parkwater Foundation is a private foundation focused on Education, based in Spokane, WA.
Where does Spokane Turbine Center DBA Parkwater Foundation operate?
Spokane Turbine Center DBA Parkwater Foundation has awarded grants in Arizona, Idaho, Illinois, Minnesota, North Carolina, Tennessee, Washington.
How much is Spokane Turbine Center DBA Parkwater Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Spokane Turbine Center DBA Parkwater Foundation reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Spokane Turbine Center DBA Parkwater Foundation's EIN?
Spokane Turbine Center DBA Parkwater Foundation's EIN (Employer Identification Number) is 26-0286346. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
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