Abbey Foundation Of Oregon
- Assets
- $43.9m
- Revenue
- $8.7m
- Investments
- $996.0k
- Employees
- 0
- Location
- Saint Benedict, OR
- Founding
- 04/2008
- Data as of
- 06/2021
- EIN
- 04-3703021
Organization Overview
Abbey Foundation Of Oregon is located in Saint Benedict, OR. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abbey Foundation Of Oregon is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Abbey Foundation Of Oregon generated $8.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $6.6m during the year ending 06/2021. While expenses have increased by 5.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE FINANCIAL VITALITY OF MOUNT ANGEL ABBEY.
Describe the Organization's Program Activity:
THE ABBEY FOUNDATION OF OREGON WAS ESTABLISHED TO SUPPORT THE WORK OF MT. ANGEL ABBEY, INCLUDING THE MT. ANGEL MONASTERY, SEMINARY, LIBRARY AND GUEST HOUSE. MT. ANGEL ABBEY IS A MONASTIC COMMUNITY FORMED IN 1882 WHICH OPERATES THE SECOND LARGEST CATHOLIC SEMINARY IN THE UNITED STATES. THE FOUNDATION PROVIDES GRANTS TO MT. ANGEL ABBEY AND OPERATES PRIMARILY IN THREE AREAS: OPERATING SUPPORT: THE FOUNDATION MAKES GRANTS TO MT. ANGEL ABBEY TO HELP UNDERWRITE THE COST OF EDUCATION FOR SEMINARIANS AT THE MT. ANGEL SEMINARY. CAPITAL SUPPORT: THE FOUNDATION RAISES FUNDS FOR THE VARIOUS CAPITAL NEEDS OF MT. ANGEL ABBEY. ENDOWMENT SUPPORT: THE FOUNDATION ALSO ADMINISTERS A NUMBER OF ENDOWMENTS CREATED BY GIFTS FROM DONORS IN SUPPORT OF MT. ANGEL ABBEY AND ITS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Meek President | OfficerTrustee | 1 | $0 |
FR Martin Grassel Treasurer | OfficerTrustee | 1 | $0 |
James Zuiches Secretary | OfficerTrustee | 1 | $0 |
John Limb Vice President | OfficerTrustee | 1 | $0 |
Brian Jackson Past President | OfficerTrustee | 1 | $0 |
Abbot Jeremy Driscoll Osb Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,201,650 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,979,560 |
| Noncash contributions included in lines 1a–1f | $318,542 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,181,210 |
| Total Program Service Revenue | $0 |
| Investment income | $724,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $292,769 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$114,357 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,669,603 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,964,264 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $340,642 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,522 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,505 |
| Fees for services: Other | $794,830 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,000 |
| All other expenses | $41,788 |
| Total functional expenses | $6,620,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,082,462 |
| Pledges and grants receivable | $556,377 |
| Accounts receivable, net | $156,355 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $227,649 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $410,569 |
| Investments—publicly traded securities | $38,279,752 |
| Investments—other securities | $996,032 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $199,402 |
| Total assets | $43,908,598 |
| Accounts payable and accrued expenses | $24,439 |
| Grants payable | $0 |
| Deferred revenue | $11,310 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,007,786 |
| Total liabilities | $3,043,535 |
| Net assets without donor restrictions | $14,431,675 |
| Net assets with donor restrictions | $26,433,388 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $43,908,598 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Abbey Foundation Of Oregon has recieved totaling $874,830.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $228,337 |
Salem Foundation Pioneer Trust Company Trustee Salem, OR PURPOSE: GENERAL | $220,000 |
Independent Charitable Gift Fund Hudson, OH PURPOSE: GENERAL SUPPORT | $200,000 |
American Endowment Foundation Hudson, OH PURPOSE: RELIGION | $156,250 |
Oregon Community Foundation Portland, OR PURPOSE: Religion | $26,793 |
American Association For The Advancement Of Science Washington, DC PURPOSE: INTEGRATE SCIENCE INTO CORE CURRICULA | $11,250 |
Endowment Analysis
| Beg. Balance | $18,986,788 |
| Earnings | $5,849,660 |
| Net Contributions | $2,805,470 |
| Other Expense | $622,392 |
| Ending Balance | $27,019,526 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
Islands Foundation Richland, WA | $219,157,832 | $26,464,404 |
Oscar T And Olivann Hokoldfoundation Lakewood, WA | $0 | $15,898,165 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |