Community Foundation Of North Central Washington
- Assets
- $163.2m
- Revenue
- $31.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Wenatchee, WA
- Founding
- 05/1988
- Data as of
- 06/2024
- EIN
- 91-1349486
Organization Overview
Community Foundation Of North Central Washington is located in Wenatchee, WA. The organization was established in 1988. 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 06/2024, Community Foundation Of North Central Washington employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of North Central 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 06/2024, Community Foundation Of North Central Washington generated $31.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $17.0m during the year ending 06/2024. While expenses have increased by 16.1% per year over the past 5 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 2021, Community Foundation Of North Central Washington has awarded 860 individual grants totaling $40,928,891. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
GRANT-MAKING TO QUALIFIED NONPROFIT ORGANIZATIONS IN CHELAN, DOUGLAS, AND OKANOGAN COUNTIES. AWARD COLLEGE SCHOLARSHIPS TO QUALIFYING APPLICANTS IN CHELAN, DOUGLAS, AND OKANOGAN COUNTIES. CFNCW SOLICITS, MANAGES, AND DISTRIBUTES PERMANENT CHARITABLE ENDOWMENTS ESTABLISHED BY PRIVATE CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS MADE TO QUALIFYING NONPROFIT ORGANIZATIONS IN CHELAN, DOUGLAS, AND OKANOGAN COUNTIES IN WASHINGTON FROM UNRESTRICTED FUNDS.
OTHER PROGRAM SERVICES INCLUDE NONPROFIT INSTITUTE TO PROVIDE EDUCATION AND TRAINING FOR AREA NONPROFITS AS WELL AS SERVICES FOR ADMINISTERING DONOR ADVISED, DESIGNATED, FIELD OF INTEREST, AND FISCAL SPONSORSHIP FUNDS.
GRANTS MADE TO NONPROFIT ORGANIZATIONS FROM AGENCY FUNDS HELD BY CFNCW.
COLLEGE SCHOLARSHIPS AWARDED TO QUALIFYING STUDENTS IN CHELAN, DOUGLAS, AND OKANOGAN COUNTIES IN WASHINGTON. 311 SCHOLARSHIPS AWARDED DURING THE YEAR ENDED 06/30/2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy Cushman Chair | OfficerTrustee | 1 | $0 |
Jeff Ostenson Vice Chair | OfficerTrustee | 1 | $0 |
Evan Mccauley Secretary/treasurer | OfficerTrustee | 1 | $0 |
Claudia Shipman Trustee | Trustee | 1 | $0 |
Diane Blake Trustee | Trustee | 1 | $0 |
Dennis Bolz Trustee | 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 | $21,506,957 |
| Noncash contributions included in lines 1a–1f | $571,439 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,506,957 |
| Total Program Service Revenue | $0 |
| Investment income | $4,931,358 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,518,598 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,956,913 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,083,445 |
| Grants and other assistance to domestic individuals. | $1,302,013 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $254,845 |
| Compensation of current officers, directors, key employees. | $133,889 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $375,416 |
| Pension plan accruals and contributions | $10,973 |
| Other employee benefits | $51,510 |
| Payroll taxes | $52,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,592 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $589,156 |
| Fees for services: Other | $0 |
| Advertising and promotion | $74,503 |
| Office expenses | $22,008 |
| Information technology | $46,065 |
| Royalties | $0 |
| Occupancy | $51,685 |
| Travel | $13,853 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,770 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,890 |
| Insurance | $11,247 |
| All other expenses | $12,248 |
| Total functional expenses | $16,998,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,347,854 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,404,675 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,381,122 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,312 |
| Net Land, buildings, and equipment | $359,567 |
| Investments—publicly traded securities | $155,914,136 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $769,056 |
| Total assets | $163,180,722 |
| Accounts payable and accrued expenses | $65,444 |
| Grants payable | $2,037,026 |
| 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 | $71,266,328 |
| Total liabilities | $73,368,798 |
| Net assets without donor restrictions | $34,392,962 |
| Net assets with donor restrictions | $55,418,962 |
| 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 | $163,180,722 |
Grants Awarded
Over the last fiscal year, Community Foundation Of North Central Washington has awarded $10,799,203 in support to 210 organizations.
| Grant Recipient | Amount |
|---|---|
AERO METHOW RESCUE SERVICE PURPOSE: VARIOUS PURPOSES AS APPROVED BY CFNCW BOARD | $49,661 |
AKIN PURPOSE: VARIOUS PURPOSES AS APPROVED BY CFNCW BOARD | $39,803 |
ALANO CLUB OF WENATCHEE PURPOSE: VARIOUS PURPOSES AS APPROVED BY CFNCW BOARD | $9,097 |
AMERICAN RED CROSS - APPLE VALLEY CHAPTER PURPOSE: VARIOUS PURPOSES AS APPROVED BY CFNCW BOARD | $7,180 |
ALATHEIA RIDING CENTER PURPOSE: VARIOUS PURPOSES AS APPROVED BY CFNCW BOARD | $38,656 |
AROUND THE WORLD IN 80 FABRICS PURPOSE: VARIOUS PURPOSES AS APPROVED BY CFNCW BOARD | $15,000 |