Community Foundation For Southwest Washington
- Assets
- $369.1m
- Revenue
- $20.0m
- Investments
- $194.6m
- Employees
- 14
- Location
- Vancouver, WA
- Founding
- 04/1984
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Community Foundation For Southwest Washington generated $20.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $27.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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:
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 |
|---|---|---|---|
Pam Cabanatuan CFO | Officer | 40 | $147,517 |
Matthew Morton President | Officer | 40 | $164,891 |
Janie Spurgeon Exec VP And Cdo | 40 | $158,269 | |
Jennifer Rhoads President | Officer | 40 | $83,631 |
T Randall Grove Chair | OfficerTrustee | 2 | $0 |
Kristy Weaver Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,041 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,959,845 |
| Noncash contributions included in lines 1a–1f | $8,962,207 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,038,886 |
| Total Program Service Revenue | $50,158 |
| Investment income | $5,804,556 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $74,176 |
| 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 | $19,967,776 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,962,405 |
| Grants and other assistance to domestic individuals. | $1,077,132 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $633,784 |
| Compensation of current officers, directors, key employees. | $357,722 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $695,640 |
| Pension plan accruals and contributions | $43,432 |
| Other employee benefits | $115,569 |
| Payroll taxes | $99,341 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,622 |
| Fees for services: Accounting | $28,924 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $120,040 |
| Advertising and promotion | $620 |
| Office expenses | $94,590 |
| Information technology | $141,244 |
| Royalties | $0 |
| Occupancy | $176,459 |
| Travel | $6,215 |
| 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 | $34,808 |
| All other expenses | $8,007 |
| Total functional expenses | $27,470,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,451 |
| Savings and temporary cash investments | $376,330 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,899,804 |
| 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 | $60,682 |
| Net Land, buildings, and equipment | $19,920,560 |
| Investments—publicly traded securities | $83,710,642 |
| Investments—other securities | $194,606,706 |
| Investments—program-related | $1,734,827 |
| Intangible assets | $0 |
| Other assets | $4,650,660 |
| Total assets | $369,113,662 |
| Accounts payable and accrued expenses | $18,105 |
| Grants payable | $484,530 |
| Deferred revenue | $15,959 |
| 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 | $8,301,271 |
| Total liabilities | $8,819,865 |
| Net assets without donor restrictions | $230,515,068 |
| Net assets with donor restrictions | $129,778,729 |
| 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 | $369,113,662 |