Whidbey Community Foundation
- Assets
- $3.2m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Coupeville, WA
- Founding
- 01/2017
- Data as of
- 12/2022
- EIN
- 81-3860867
Organization Overview
Whidbey Community Foundation is located in Coupeville, WA. The organization was established in 2017. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Whidbey Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whidbey 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, Whidbey Community Foundation generated $3.0m in total revenue. All expenses for the organization totaled $764.3k during the year ending 12/2022. While expenses have increased by 48.7% 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.
Since 2020, Whidbey Community Foundation has awarded 58 individual grants totaling $902,190. 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
STRENGTHENING THE COMMUNITIES OF WHIDBEY ISLAND FOR BOTH PRESENT AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANTS TO 54 NONPROFIT SERVICE ORGANIZATIONS ON WHIDBEY ISLAND. AS OF DECEMBER 31, 2022, THE ORGANIZATION HAS 13 DONOR ADVISED FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Kelly Member | OfficerTrustee | 2 | $0 |
Steve Shapiro Secretary/treasurer | OfficerTrustee | 2 | $0 |
Helen Price Johnson Vice President | OfficerTrustee | 2 | $0 |
Robin Hertlein Member | Trustee | 1 | $0 |
Bill Larsen Member | Trustee | 1 | $0 |
George Saul Member | 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 | $3,035,687 |
| Noncash contributions included in lines 1a–1f | $1,055,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,035,687 |
| Total Program Service Revenue | $0 |
| Investment income | $174 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,207 |
| Net Income from Fundraising Events | $541 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,047,195 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $574,919 |
| 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. | $76,300 |
| Compensation of current officers, directors, key employees. | $22,890 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,660 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,121 |
| Fees for services: Management | $3,762 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,736 |
| Fees for services: Investment Management | $4,244 |
| Fees for services: Other | $22,442 |
| Advertising and promotion | $2,520 |
| Office expenses | $2,937 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $663 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,002 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,834 |
| All other expenses | $235 |
| Total functional expenses | $764,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,874 |
| Savings and temporary cash investments | $1,041,878 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $500 |
| 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 | $1,055,000 |
| Investments—publicly traded securities | $762,216 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,222,468 |
| 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 | $3,222,468 |
| 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 | $3,222,468 |
Grants Awarded
Over the last fiscal year, Whidbey Community Foundation has awarded $354,309 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ISLAND SHAKESPEARE FESTIVAL PURPOSE: PROGRAM SUPPORT | $9,000 |
MOTHER MENTORS WHIDBEY ISLAND PURPOSE: PROGRAM SUPPORT | $12,000 |
READINESS TO LEARN PURPOSE: PROGRAM SUPPORT | $41,000 |
WHIDBEY HOMELESS COALITION PURPOSE: PROGRAM SUPPORT | $30,000 |
OPPORTUNITY COUNCIL PURPOSE: PROGRAM SUPPORT | $100,000 |
FRIENDS OF FRIENDS MEDICAL SUPPORT FUND PURPOSE: PROGRAM SUPPORT | $9,000 |