Grays Harbor Community Foundation
- Assets
- $84.4m
- Revenue
- $1.6m
- Investments
- $42.1m
- Employees
- 5
- Location
- Hoquiam, WA
- Founding
- 08/1998
- Data as of
- 12/2023
- EIN
- 91-1607005
Organization Overview
Grays Harbor Community Foundation is located in Hoquiam, WA. The organization was established in 1998. 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 12/2023, Grays Harbor Community Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grays Harbor 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 12/2023, Grays Harbor Community Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Grays Harbor Community Foundation has awarded 560 individual grants totaling $17,714,851. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE IN ALL COMMUNITIES THROUGHOUT GRAYS HARBOR COUNTY, WASHINGTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH OUR SEVEN GRANT CYCLES WE OFFER ANNUALLY, IN 2023, WE AWARDED 73 GRANTS TO 65 LOCAL NONPROFIT ORGANIZATIONS AND SCHOOL DISTRICTS. WE WERE ABLE TO LEVERAGE DONOR ADVISED AND DONOR DESIGNATED FUNDS TO AWARD GRANT REQUESTS THAT RANGED BETWEEN $1,000 - $100,000. WE SUPPORTED ORGANIZATIONS IN 12 OUT OF THE 13 COMMUNITIES IN GRAYS HARBOR TO BETTER ACHIEVE THEIR MISSION(S). WE ALSO AWARDED 365 SCHOLARSHIPS TO STUDENTS WHO RESIDE IN GRAYS HARBOR COUNTY OR GRADUATED FROM A GRAYS HARBOR COUNTY HIGH SCHOOL THROUGH OUR SCHOLARSHIP PROGRAM. OUR SCHOLARSHIPS ARE RENEWABLE AT VARIABLE AMOUNTS FOR AN ADDITIONAL 3 YEARS TO SUPPORT UNDERGRADUATE AND VOCATIONAL STUDIES. IN 2023, WE PROVIDED $164,000 IN FUNDING FOR GRAYS HARBOR ELEMENTARY SCHOOL FIELD TRIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Stewart Trustee | Trustee | 1 | $0 |
Wes Peterson Chair | OfficerTrustee | 2 | $0 |
George Donovan Secretary | OfficerTrustee | 2 | $0 |
Mike Stoney Treasurer | OfficerTrustee | 2 | $0 |
Todd Lindley Emeritus Members | OfficerTrustee | 1 | $0 |
Dr Donald Arima 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 | $964,576 |
| Noncash contributions included in lines 1a–1f | $102,474 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $964,576 |
| Total Program Service Revenue | $0 |
| Investment income | $2,583,095 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,986,911 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,560,760 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,419,705 |
| Grants and other assistance to domestic individuals. | $885,981 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $165,841 |
| Compensation of current officers, directors, key employees. | $33,168 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $252,060 |
| Pension plan accruals and contributions | $7,539 |
| Other employee benefits | $0 |
| Payroll taxes | $36,708 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $561 |
| Fees for services: Accounting | $8,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $123,971 |
| Fees for services: Other | $3,380 |
| Advertising and promotion | $5,976 |
| Office expenses | $13,837 |
| Information technology | $27,190 |
| Royalties | $0 |
| Occupancy | $18,325 |
| Travel | $526 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,740 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,889 |
| Insurance | $4,647 |
| All other expenses | $0 |
| Total functional expenses | $3,997,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,736 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,697 |
| 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 | $32,319 |
| Net Land, buildings, and equipment | $420,760 |
| Investments—publicly traded securities | $41,389,601 |
| Investments—other securities | $42,134,454 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $84,355,567 |
| Accounts payable and accrued expenses | $73,124 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $73,124 |
| Net assets without donor restrictions | $34,674,423 |
| Net assets with donor restrictions | $49,608,020 |
| 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 | $84,355,567 |
Grants Awarded
Over the last fiscal year, Grays Harbor Community Foundation has awarded $2,258,523 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
7TH STREET THEATRE ASSOCIATION PURPOSE: TO SUPPORT THE PROGRAM. | $37,700 |
ABERDEEN POLICE DEPARTMENT PURPOSE: TO SUPPORT THE PROGRAM. | $8,000 |
ABERDEEN SCHOOL DISTRICT PURPOSE: TO SUPPORT THE PROGRAM. | $103,769 |
AMERICAN LEGION POST 5 PURPOSE: TO SUPPORT THE PROGRAM. | $10,000 |
BEYOND SURVIVAL PURPOSE: TO SUPPORT THE PROGRAM. | $17,000 |
CANCER ALLIANCE OF GRAYS HARBOR PURPOSE: TO SUPPORT THE PROGRAM. | $10,500 |