Foundation So
- Assets
- $3.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Rogue River, OR
- Founding
- 07/2019
- Data as of
- 08/2023
- EIN
- 83-1746245
Organization Overview
Foundation So is located in Rogue River, OR. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Foundation So 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 08/2023, Foundation So generated $2.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.1m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES PAID FOR DEVELOPMENT/OPERATION OF RANCH WHERE PROGRAM SERVICES ARE PROVIDED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond G Parenteau President/vp/director | 10 | $0 | |
Jolene Sesso Secretary/treasurer/direct | 1 | $0 | |
Greg Mccaul Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,235,102 |
| Interest on Savings | $2,277 |
| 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 | $4,475 |
| Total Revenue | $2,241,854 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $453,957 |
| Pension plans, employee benefits | $17,374 |
| Interest | $0 |
| Taxes | $42,286 |
| Depreciation | $162,212 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $389,928 |
| Total operating and administrative expenses | $1,116,066 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,116,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,549 |
| Savings and temporary cash investments | $802 |
| 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 | $2,975 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,032,814 |
| Other assets | $0 |
| Total assets | $3,249,140 |
| Accounts payable and accrued expenses | $8,466 |
| 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 | $8,466 |