Mcminnville Area Community Foundation
- Assets
- $10.2m
- Revenue
- $1.2m
- Investments
- $7.3m
- Employees
- 0
- Location
- McMinnville, OR
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 46-2945449
Organization Overview
Mcminnville Area Community Foundation is located in McMinnville, OR. The organization was established in 2014. According to its NTEE Classification (O51) the organization is classified as: Youth Community Service Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcminnville Area Community 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, Mcminnville Area Community Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.0%) each year. All expenses for the organization totaled $107.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mcminnville Area Community Foundation has awarded 17 individual grants totaling $858,177. 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
TO BE A LEADER IN THE FACILITATION AND DEVELOPMENT OF PHILANTHROPY IN THE MCMINNVILLE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YAMHILL COUNTY ENRICHMENT SOCIETY TO PROVIDE LITERACY & MUSIC ENRICHMENT TO CHILDREN
GRANT TO LINFIELD COLLEGE TO SUPPORT EDUCATION
YAMHILL COUNTY HISTORICAL SOCIETY GRANT TO SUPPORT COUNTY MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Ferro Board Member | Trustee | 0 | $0 |
Rene Bittle Board Member | Trustee | 0 | $0 |
Jeb Bladine Board Member | Trustee | 0 | $0 |
Allan Larsen Board Member | Trustee | 0 | $0 |
Steve Rupp Board Member | Trustee | 0 | $0 |
Steven Fitzpatrick Treasurer | Officer | 2 | $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 | $1,069,730 |
| Noncash contributions included in lines 1a–1f | $49,951 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,069,730 |
| Total Program Service Revenue | $0 |
| Investment income | $79,835 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,277 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,155,842 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $79,011 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,307 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,113 |
| 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 | $924 |
| All other expenses | $0 |
| Total functional expenses | $107,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,960 |
| Savings and temporary cash investments | $168,434 |
| Pledges and grants receivable | $0 |
| 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 | $2,685,325 |
| Investments—other securities | $7,314,748 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,182,467 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $10,182,467 |
| Total liabilities and net assets/fund balances | $10,182,467 |
Grants Awarded
Over the last fiscal year, Mcminnville Area Community Foundation has awarded $44,011 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
LINFIELD COLLEGE | | | $10,371 |
ROTARY YOUTH EXCHANGE | | | $5,026 |
SOIL & WATER CONSERVATION DIS | | | $5,447 |
MCMINNVILLE SWIM CLUB | | | $5,268 |
YAMHILL COUNTY ENRICHMENT SOC | | | $10,501 |
YAMHILL COUNTY HISTORICAL SOC | | | $7,398 |