Community Foundation For Southwest Washington
- Assets
- $320.8m
- Revenue
- $21.2m
- Investments
- $183.2m
- Employees
- 14
- Location
- Vancouver, WA
- Founding
- 04/1984
- Data as of
- 12/2020
- EIN
- 91-1246778
Organization Overview
Community Foundation For Southwest Washington is located in Vancouver, WA. The organization was established in 1984. 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 12/2021, Community Foundation For Southwest Washington employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For Southwest Washington 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 12/2020, Community Foundation For Southwest Washington generated $21.2m 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 (6.3%) each year. All expenses for the organization totaled $28.8m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS A CHARITABLE GRANTING ORGANIZATION WHOSE MISSION IS TO INSPIRE A CULTURE OF GIVING TO CREATE A VIBRANT AND ENGAGED COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY FOUNDATION FOR SOUTHWEST WASHINGTON INSPIRES A CULTURE OF GIVING TO CREATE A VIBRANT AND ENGAGED COMMUNITY. OPERATING AT THE INTERSECTION OF COMMUNITY AND PHILANTHROPY, WE IDENTIFY AND PURSUE COMPREHENSIVE SOLUTIONS THAT BENEFIT ALL COMMUNITIES IN SOUTHWEST WASHINGTON. WE ACCOMPLISH THIS THROUGH A COMBINATION OF PROGRAMS AND SERVICES THAT STRENGTHEN THE EFFORTS OF DONORS, NONPROFITS AND COMMUNITIES ACROSS OUR REGION. CONTINUED ON SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Rhoads President | Officer | 40 | $195,477 |
Janie Spurgeon Exec VP And Cdo | 40 | $145,675 | |
Pam Cabanatuan CFO | Officer | 40 | $140,338 |
T Randall Grove Chair | OfficerTrustee | 2 | $0 |
Kristy Weaver Vice Chair | OfficerTrustee | 2 | $0 |
Vanessa Gaston Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,924,364 |
| Investment income | $6,315,035 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,245,317 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $779,422 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $428,288 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $768,502 |
| Pension plan accruals and contributions | $53,684 |
| Other employee benefits | $117,172 |
| Payroll taxes | $82,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,857 |
| Fees for services: Accounting | $61,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,138 |
| Advertising and promotion | $7,715 |
| Office expenses | $13,068 |
| Information technology | $144,165 |
| Royalties | $0 |
| Occupancy | $149,833 |
| Travel | $2,901 |
| 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 | $24,350 |
| All other expenses | $0 |
| Total functional expenses | $28,762,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,204 |
| Savings and temporary cash investments | $2,941,466 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,640,000 |
| 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 | $17,226 |
| Investments—publicly traded securities | $107,294,551 |
| Investments—other securities | $183,219,539 |
| Investments—program-related | $1,960,000 |
| Intangible assets | $0 |
| Other assets | $3,629,965 |
| Total assets | $320,798,451 |
| Accounts payable and accrued expenses | $29,448 |
| Grants payable | $0 |
| Deferred revenue | $224,185 |
| 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 | $2,098,122 |
| Total liabilities | $2,351,755 |
| 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 |
| Total liabilities and net assets/fund balances | $318,446,696 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Community Foundation For Southwest Washington has recieved totaling $1,726,806.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT; TO PROVIDE SUPPORT FOR ALL IN WA | $1,583,191 |
The Parks And Recreation Foundation Of Vancouver And Clark County Camas, WA PURPOSE: CHRISTMAS BIKE PROGRAM | $65,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $23,772 |
Philanthropy Northwest Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Norman C Danielson Foundation Vancouver, WA PURPOSE: SUPPORT ORGANIZATION'S | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,833 |
Endowment Analysis
| Beg. Balance | $74,010,978 |
| Earnings | $8,307,418 |
| Admin Expense | $863,884 |
| Net Contributions | $1,404,249 |
| Other Expense | $3,500,567 |
| Grants | $3,050,778 |
| Ending Balance | $76,307,416 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alaska Community Foundation Anchorage, AK | $168,147,953 | $93,626,867 |
Community Foundation For Southwest Washington Vancouver, WA | $320,798,451 | $21,245,317 |
Innovia Foundation Spokane, WA | $167,789,472 | $30,081,757 |
Greater Tacoma Community Foundation Tacoma, WA | $166,592,589 | $24,675,694 |
Idaho Community Foundation Inc Boise, ID | $229,667,754 | $28,111,141 |
Community Foundation Of North Central Washington Wenatchee, WA | $129,475,587 | $18,614,873 |
Whatcom Community Foundation Bellingham, WA | $61,418,992 | $32,311,600 |
Blue Mountain Community Foundation Walla Walla, WA | $59,624,094 | $14,162,735 |
Oregon Jewish Community Foundation Portland, OR | $113,748,806 | $13,935,130 |
Yakima Valley Community Foundation Yakima, WA | $80,915,823 | $19,701,329 |
Juneau Community Foundation Juneau, AK | $82,810,614 | $6,137,568 |
Portland Community College Foundation Inc Portland, OR | $27,749,544 | $7,912,133 |