Robert J And Leona Dearmond Public Foundation
- Assets
- $20.4m
- Revenue
- $18.8m
- Investments
- $571.5k
- Employees
- 0
- Location
- Portland, OR
- Founding
- 07/2011
- Data as of
- 12/2022
- EIN
- 27-2459165
Organization Overview
Robert J And Leona Dearmond Public Foundation is located in Portland, OR. The organization was established in 2011. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Robert J And Leona Dearmond Public Foundation 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 12/2022, Robert J And Leona Dearmond Public Foundation generated $18.8m in total revenue. All expenses for the organization totaled $5.8m during the year ending 12/2022. While expenses have increased by 57.6% per year over the past 8 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.
Since 2016, Robert J And Leona Dearmond Public Foundation has awarded 36 individual grants totaling $9,097,824. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ROBERT J. AND LEONA DEARMOND PUBLIC FOUNDATION IS A SUPPORTING ORGANIZATION OF THE OREGON COMMUNITY FOUNDATION (OCF). THE FOUNDATION MAKES GRANTS THAT FURTHER THE MISSION OF OCF WHICH IS TO IMPROVE LIVES FOR ALL OREGONIANS THROUGH THE POWER OF PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES GRANTS THAT FURTHER THE MISSION OF OCF WHICH IS TO IMPROVE LIVES FOR ALL OREGONIANS THROUGH THE POWER OF PHILANTHROPY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee/treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee/secretary | OfficerTrustee | 1 | $0 |
Name Not Listed President | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,537,445 |
| Noncash contributions included in lines 1a–1f | $14,537,445 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,537,445 |
| Total Program Service Revenue | $0 |
| Investment income | $111,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$851,981 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,797,188 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,784,421 |
| 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 | $0 |
| Fees for services: Legal | $3,208 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,976 |
| Fees for services: Other | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,803,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,095 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,000,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,802,858 |
| Investments—other securities | $571,501 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,418,454 |
| Accounts payable and accrued expenses | $2,128 |
| Grants payable | $5,549,421 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $5,551,549 |
| Net assets without donor restrictions | $14,866,905 |
| Net assets with donor restrictions | $0 |
| 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 | $20,418,454 |
Grants Awarded
Over the last fiscal year, Robert J And Leona Dearmond Public Foundation has awarded $7,192,724 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF OREGON FOUNDATION PURPOSE: Higher Education | $6,311,424 |
OREGON HEALTH AND SCIENCE UNIVERSITY FOUNDATION PURPOSE: Physical Health | $200,000 |
SOUTHERN OREGON UNIVERSITY FOUNDATION PURPOSE: Higher Education | $100,000 |
PROVIDENCE COMMUNITY HEALTH FOUNDATION PURPOSE: Physical Health | $50,000 |
ASANTE FOUNDATION PURPOSE: Physical Health | $200,000 |
OREGON COMMUNITY FOUNDATION PURPOSE: Civic Engagement | $331,300 |