Skagit Community Foundation
- Assets
- $10.5m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Mount Vernon, WA
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 91-1572414
Organization Overview
Skagit Community Foundation is located in Mount Vernon, WA. The organization was established in 1995. 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, Skagit Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skagit 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 12/2021, Skagit Community Foundation generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 14.7% per year over the past 7 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 2014, Skagit Community Foundation has awarded 226 individual grants totaling $3,598,205. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SKAGIT COMMUNITY FOUNDATION'S MISSION IS TO FOSTER PHILANTHROPY IN SKAGIT COUNTY BY CONNECTING PEOPLE WITH OPPORTUNITIES TO MAKE A DIFFERENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKING THE SKAGIT COMMUNITY FOUNDATION SOLICITS GRANT REQUESTS FROM QUALIFIED 501(C)(3) ORGANIZATIONS SERVING SKAGIT COUNTY AND MAKES AWARDS ANNUALLY. ORGANIZATIONS THAT HAVE DESIGNATED ENDOWMENTS AT THE FOUNDATION RECEIVE AN ANNUAL GRANT. SCHOLARSHIP RECIPIENTS ARE SELECTED EACH SPRING AND GRANTS ARE SENT TO THEIR RESPECTIVE COLLEGES ANNUALLY. DONOR ADVISED FUNDERS, FAMILY FOUNDATIONS AND BUSINESSES PARTICIPATE IN THE GRANTMAKING PROCESS BY COLLABORATING WITH THE FOUNDATION EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maddy Mackenzie Executive Director | Officer | 40 | $57,641 |
Michael Stark Executive Director (thru March) | Officer | 40 | $15,300 |
Tyler Steinman Chairman | OfficerTrustee | 1 | $0 |
Shellie Eubanks-Highet Treasurer | OfficerTrustee | 1 | $0 |
Dan Fisher Vice-Chairman | OfficerTrustee | 1 | $0 |
Timothy Lehr Secretary | OfficerTrustee | 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 | $2,943,272 |
| Noncash contributions included in lines 1a–1f | $779,203 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,943,272 |
| Total Program Service Revenue | $15,964 |
| Investment income | $145,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $384,433 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,505,191 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,165,641 |
| 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. | $75,923 |
| Compensation of current officers, directors, key employees. | $32,490 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,206 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,731 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,910 |
| Fees for services: Other | $5,013 |
| Advertising and promotion | $844 |
| Office expenses | $7,731 |
| Information technology | $13,459 |
| Royalties | $0 |
| Occupancy | $14,775 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,143 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $204 |
| Insurance | $1,837 |
| All other expenses | $500 |
| Total functional expenses | $1,355,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $440,004 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,295,000 |
| Accounts receivable, net | $0 |
| 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 | $1,493 |
| Net Land, buildings, and equipment | $430,000 |
| Investments—publicly traded securities | $8,295,902 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,462,399 |
| Accounts payable and accrued expenses | $2,690 |
| Grants payable | $2,288 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $416,956 |
| 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 | $27,082 |
| Total liabilities | $449,016 |
| Net assets without donor restrictions | $8,718,383 |
| Net assets with donor restrictions | $1,295,000 |
| 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 | $10,462,399 |
Grants Awarded
Over the last fiscal year, Skagit Community Foundation has awarded $989,734 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
HELPING HANDS SOLUTION CENTER PURPOSE: GENERAL OPERATIONS ENDOWMENT DISTRIBUTION, & DISASTER RELIEF | $162,524 |
Mount Vernon, WA PURPOSE: MOUNT VERNON CHILDCARE INITIATIVE, COVID CHILDCARE PROGRAM, EXPANSION OF SERVICES TO SEDRO-WOOLLEY | $52,983 |
Mount Vernon, WA PURPOSE: YMCA OASIS TEEN SHELTER, CHILDCARE FINANCIAL AID, GENERAL OPERATIONS | $52,664 |
Mount Vernon, WA PURPOSE: FLOOD RELIEF & RECOVERY, EAST COUNTY RESOURCE CENTER, HOUSING PROGRAM, & SKAGIT FOOD DISTRIBUTION CENTER | $49,335 |
Sedro Woolley, WA PURPOSE: HOUSING SERVICES, PANDEMIC SHELTER & OUTREACH | $42,500 |
Burlington, WA PURPOSE: ENDOWMENT DISTRIBUTIONS FOR GENERAL OPERATIONS | $42,313 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Skagit Community Foundation has recieved totaling $580,224.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: DISASTER RELIEF; TO PROVIDE GENERAL OPERATING SUPPORT; SKAGIT DISASTER RELIEF FUND; TO PROVIDE SUPPORT FOR ALL IN WA | $285,219 |
Paulus Family Foundation Mount Vernon, WA PURPOSE: PROMOTE PHILANTHROPY AND POSITIVE CHANGE IN THE COMMUNITY | $250,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $21,000 |
Wilson Family Foundation Sandy, UT PURPOSE: TO SUPPORT ENDOWMENTS FOR LIBRARIES, PARKS, MUSEUMS AND SCHOLARSHIPS IN SKAGIT VALLEY. | $11,500 |
Ferguson Foundation Mount Vernon, WA PURPOSE: ADDITION TO DONOR-ADVISED FUND FOR COMMUNITY SUPPORT | $10,000 |
George & Audrey Rasmussen Family Foundation Bellingham, WA PURPOSE: GENERAL SUPPORT | $1,500 |
Endowment Analysis
| Beg. Balance | $7,258,071 |
| Earnings | $757,097 |
| Admin Expense | $111,939 |
| Net Contributions | $1,331,061 |
| Other Expense | -$81,526 |
| Grants | $1,003,582 |
| Ending Balance | $8,312,234 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Catholic Community Services Foundation Salem, OR | $35,947,789 | $5,259,361 |
Salem Foundation Pioneer Trust Company Trustee Salem, OR | $34,628,460 | $4,735,987 |