Orcas Island Community Foundation
- Assets
- $22.2m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Eastsound, WA
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 91-1680527
Organization Overview
Orcas Island Community Foundation is located in Eastsound, 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, Orcas Island Community Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orcas Island 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, Orcas Island Community Foundation generated $5.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Orcas Island Community Foundation has awarded 249 individual grants totaling $14,510,723. 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
FOSTERING PHILANTHROPY TO ENHANCE AND PRESERVE THE QUALITY OF LIFE ON ORCAS ISLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT MAKING - THE ORCAS ISLAND COMMUNITY FOUNDATION FACILITATED $2.565 MILLION IN GRANTS AND DISTRIBUTIONS IN 2021. THIS INCLUDED COMMUNITY GRANT AWARDS THROUGH THE TWO SUCCESSFUL GIVE ORCAS CAMPAIGNS. 26 ORGANIZATIONS RECEIVED A TOTAL OF $238,000 IN GRANT FUNDING DURING THE SPRING CAMPAIGN, AND 17 ORGANIZATIONS RECEIVED $132,000 THROUGH THE HOLIDAY CAMPAIGN. ADDITIONAL GRANTS WERE MADE THROUGH DONOR ADVISED FUNDS AND DISTRIBUTIONS FROM THE NONPROFIT FUNDS UNDER MANAGEMENT.
COMMUNITY AND NONPROFIT LEADERSHIP - THE ORCAS ISLAND COMMUNITY FOUNDATION HOSTS BIWEEKLY MEETINGS FOR NONPROFIT AND COUNTY LEADERSHIP TO FOSTER COLLABORATION AND NETWORK BUILDING THROUGHOUT THE COMMUNITY. OICF MAINTAINS A NONPROFIT DIRECTORY FOR THE ISLAND, AVAILABLE DIGITALLY AND IN PRINT. BOARD LEADERSHIP DEVELOPMENT AND STRATEGIC PLANNING SUPPORT ARE OFFERED UPON REQUEST. IN ADDITION, OICF PROVIDES FREE MEETING SPACE AND TECHNOLOGY TO THE NONPROFIT SECTOR TO ENABLE HYBRID MEETINGS.
FIDUCIARY SERVICES - THE ORCAS ISLAND COMMUNITY FOUNDATION STEWARDS FUNDS FOR THE COMMUNITY, INCLUDING DONOR ADVISED FUNDS, PERMANENTLY AND TEMPORARILY RESTRICTED FUNDS FOR ORGANIZATIONS, SCHOLARSHIP AND FIELD OF INTEREST FUNDS. 13 FUNDS WERE ADDED, BRINGING THE TOTAL TO 184. OICF OFFERS FOUR DIFFERENT INVESTMENT POOLS: A LOW FEE INDEX FUND, A MEDIUM TO LONG TERM FUND, A SHORT TERM FUND, AND THE BLUE MARBLE FUND WHICH IS INVESTED USING AN ESG LENS. OICF UTILIZES A ROBUST CLOUD BASED SOFTWARE SYSTEM THAT PROVIDES SEAMLESS ONLINE ACCESS TO FUND RECORDS AND GRANTMAKING ABILITIES FOR ALL FUND ADVISORS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hilary Canty Executive Director | Officer | 40 | $116,110 |
Lynnette Wood Vice President | OfficerTrustee | 3 | $0 |
Judy Scott President | OfficerTrustee | 6 | $0 |
Marcia West Treasurer | OfficerTrustee | 3 | $0 |
Joe Thoron Secretary | OfficerTrustee | 3 | $0 |
Susan Singleton 2nd Vice President | OfficerTrustee | 3 | $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 | $4,659,754 |
| Noncash contributions included in lines 1a–1f | $150,491 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,659,754 |
| Total Program Service Revenue | $0 |
| Investment income | $386,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,291 |
| Net Gain/Loss on Asset Sales | $287,596 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,367,029 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,565,396 |
| 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. | $130,205 |
| Compensation of current officers, directors, key employees. | $32,552 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,685 |
| Pension plan accruals and contributions | $2,305 |
| Other employee benefits | $2,370 |
| Payroll taxes | $19,978 |
| Fees for services: Management | $5,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $82,285 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,331 |
| Office expenses | $10,980 |
| Information technology | $11,135 |
| Royalties | $0 |
| Occupancy | $16,219 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $838 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,318 |
| Insurance | $9,487 |
| All other expenses | $0 |
| Total functional expenses | $2,996,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $672,865 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $590 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $150,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,079,595 |
| Investments—publicly traded securities | $20,263,712 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,166,762 |
| Accounts payable and accrued expenses | $1,284 |
| Grants payable | $15,775 |
| 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 | $39,053 |
| Total liabilities | $56,112 |
| Net assets without donor restrictions | $4,878,183 |
| Net assets with donor restrictions | $17,232,467 |
| 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 | $22,166,762 |
Grants Awarded
Over the last fiscal year, Orcas Island Community Foundation has awarded $2,417,999 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
Eastsound, WA PURPOSE: VARIOUS PURPOSES AS APPROVED BY OICF BOARD | $515,394 |
Eastsound, WA PURPOSE: VARIOUS PURPOSES AS APPROVED BY OICF BOARD | $379,457 |
Eastsound, WA PURPOSE: VARIOUS PURPOSES AS APPROVED BY OICF BOARD | $188,128 |
Friday Harbor, WA PURPOSE: VARIOUS PURPOSES AS APPROVED BY OICF BOARD | $159,500 |
Eastsound, WA PURPOSE: VARIOUS PURPOSES AS APPROVED BY OICF BOARD | $144,078 |
Eastsound, WA PURPOSE: VARIOUS PURPOSES AS APPROVED BY OICF BOARD | $115,600 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Orcas Island Community Foundation has recieved totaling $32,000.
| Awarding Organization | Amount |
|---|---|
Daniel And Margaret Carper Foundation Eastsound, WA PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S EXEMPT PURPOSE. | $20,000 |
Greer-Solien Fund Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $9,500 |
Organization Name not Listed PURPOSE: GENERAL SUPPORT | | $1,500 |
James F Bell Foundation Minneapolis, MN PURPOSE: GENERAL OPERATIONS | $1,000 |
Endowment Analysis
| Beg. Balance | $16,600,221 |
| Earnings | $1,664,162 |
| Net Contributions | $4,285,702 |
| Other Expense | $17,797 |
| Grants | $1,821,554 |
| Ending Balance | $20,710,734 |
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 |