Foundationone
- Assets
- $4.1m
- Revenue
- $397.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Coeur D Alene, ID
- Founding
- 01/2005
- Data as of
- 06/2021
- EIN
- 73-1710393
Organization Overview
Foundationone is located in Coeur D Alene, ID. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundationone 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, Foundationone generated $397.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $307.0k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AND MANAGE FUNDS TO PROVIDE STUDENT SCHOLARSHIPS AND TUITION GRANTS FOR STUDENTS ATTENDING UPPER COLUMBIA ACADEMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION GAVE UPPER COLUMBIA ACADEMY $184,125 FOR STUDENT GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Klinger Executive Director | OfficerTrustee | 40 | $52,336 |
Mindy Weber President | OfficerTrustee | 10 | $0 |
Brent Featherston Vice President | OfficerTrustee | 10 | $0 |
Dana Downing Treasurer | OfficerTrustee | 10 | $0 |
Mike Stratte Director | Trustee | 2 | $0 |
Lori Hermanson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,609 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $332,776 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $345,385 |
| Total Program Service Revenue | $0 |
| Investment income | $89,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$37,132 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $397,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $184,125 |
| 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. | $52,335 |
| Compensation of current officers, directors, key employees. | $17,445 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,043 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,994 |
| Fees for services: Investment Management | $22,283 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $480 |
| 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 | $1,405 |
| All other expenses | $0 |
| Total functional expenses | $307,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,154 |
| Savings and temporary cash investments | $132,308 |
| Pledges and grants receivable | $1,780 |
| 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 | $3,853,665 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $139,525 |
| Total assets | $4,135,432 |
| 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 | $12,140 |
| Total liabilities | $12,140 |
| Net assets without donor restrictions | -$3,665 |
| Net assets with donor restrictions | $4,126,957 |
| 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 | $4,135,432 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Foundationone has recieved totaling $13,222.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,500 |
Innovia Foundation Spokane, WA PURPOSE: USED FOR THE ERIC MOLSTEAD MEMORIAL SCHOLARSHIP FOR A DESERVING INCOMING FRESHMAN WOMAN DEMONSTRATING ACADEMIC ACHIEVEMENT, AND INTENT TO PURSUE A CAREER, IN SCIENCE AND MATH. | $5,722 |
Endowment Analysis
| Beg. Balance | $2,988,808 |
| Earnings | $294,326 |
| Admin Expense | $23,989 |
| Net Contributions | $464,269 |
| Grants | $72,170 |
| Ending Balance | $3,651,244 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montana Higher Education Student Assistance Corporation Helena, MT | $454,297,151 | $15,047,614 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Davis Education Foundation Farmington, UT | $5,085,973 | $8,327,640 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
College Spark Washington Seattle, WA | $104,693,147 | $3,230,019 |
Idaho Association For The Education Of Young Children Boise, ID | $1,636,700 | $5,141,669 |
Pwh Educational Foundation Inc Spokane, WA | $62,473,304 | $11,260,767 |
Zions Bancorporation Foundation Salt Lake City, UT | $5,900,087 | $233,506 |
College Dreams Inc Grants Pass, OR | $2,542,440 | $3,694,638 |
Bilinski Educational Foundation Reno, NV | $12,333,809 | $1,097,407 |
The Nu Skin Force For Good Foundation Provo, UT | $3,982,547 | $2,620,205 |