Dutch Bros Foundation
- Assets
- $13.4m
- Revenue
- $850.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Grants Pass, OR
- Founding
- 07/2016
- Data as of
- 12/2023
- EIN
- 47-4432319
Organization Overview
Dutch Bros Foundation is located in Grants Pass, OR. The organization was established in 2016. 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. Dutch Bros 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 12/2023, Dutch Bros Foundation generated $850.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Dutch Bros Foundation has awarded 1,207 individual grants totaling $27,961,306. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2017 DUTCH BROS FOUNDATION FORMERLY KNOWN AS LOVE ABOUNDS FOUNDATION ENTERED INTO A 10-YEAR LEASE AGREEMENT WITH JOSEPHINE COUNTY AND IN THE CURRENT YEAR INCURRED EXPENSES ASSOCIATED WITH THE DEVELOPMENT OF A MULTI-USE TURF FIELD AT THE JOSEPHINE COUNTY FAIRGROUNDS. THE FIELD WILL BE USED FOR VARIOUS YOUTH SOCCER, SOFTBALL, AND FOOTBALL ACTIVITIES. ACTIVELY ENGAGING YOUTH TO LEARN, GROW, AND BECOME THE BEST VERSION OF THEMSELVES AND SUPPORTING YOUTH SPORTS IS A KEY CHARITABLE PURPOSE OF THE FOUNDATION. THE DEVELOPMENT OF THIS TURF FIELD WILL BE IN-LINE WITH THE FOUNDATION'S CORE PURPOSE OF SERVING THE YOUTH IN THE COMMUNITY. ONCE THE FIELD IS COMPLETE THERE WILL BE A NOMINAL CHARGE FOR USE OF THE FIELD EQUAL TO WHAT THE SCHOOL DISTRICT CHARGES FOR USE OF THEIR FIELDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joth Ricci President | 1 | $0 | |
Keith Thomajan Secretary/treasurer | 1 | $0 | |
Amber Boersma Director | 1 | $0 | |
Travis Boersma Director | 1 | $0 | |
Christine Schmidt Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freedom Builders Llc | 12/30/22 | $155,745 |
Moss Adams Llp | 12/30/22 | $66,363 |
Robco Inc | 12/30/22 | $68,509 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $850,527 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $850,527 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $278,931 |
| Occupancy | $77,399 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63,554 |
| Total operating and administrative expenses | $484,173 |
| Contributions, gifts, grants paid | $4,225,710 |
| Total expenses and disbursements | $4,709,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,573,726 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $8,785,126 |
| Other assets | $0 |
| Total assets | $13,358,852 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Dutch Bros Foundation has awarded $4,148,209 in support to 107 organizations.
| Grant Recipient | Amount |
|---|---|
17 STRONG PURPOSE: TO ALLEVIATE HUMAN SUFFERING IN THE FACE OF EMERGENCIES | $5,000 |
AMERICAN CANCER SOCIETY PURPOSE: TO FREE THE WORLD FROM CANCER | $20,000 |
ANIMAL HELP ALLIANCE PURPOSE: TO FIND ALL ADOPTABLE ANIMALS A LOVING HOME | $25,000 |
ANSWER ALS PURPOSE: TO PROVIDE SUPPORT TO INDIVIDUALS AND FAMILIES AFFECTED BY ALS | $15,000 |
AMARILLO AREA CASA PURPOSE: TO FULFILL YOUNG PEOPLES' EDUCATIONAL EXPERIENCE AND PROMOTE THEIR WELLBEING | $2,500 |
ARIZONA COYOTES FOUNDATION PURPOSE: TO PROVIDE AND IMPROVE RECREATIONAL ACTIVITIES FOR YOUTH BY DEVELOPING LEADERS, TEAM PLAYERS | $1,500 |