Orcas Island Community Foundation
- Assets
- $27.3m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Eastsound, WA
- Founding
- 10/1995
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Orcas Island Community Foundation generated $7.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Orcas Island Community Foundation has awarded 349 individual grants totaling $21,044,932. 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
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 $4 MILLION IN GRANTS AND DISTRIBUTIONS IN 2023. THIS INCLUDED COMMUNITY GRANT AWARDS THROUGH THE TWO SUCCESSFUL GIVE ORCAS CAMPAIGNS. 775 DONORS CONTRIBUTED TO THE SPRING CAMPAIGN, DONATING $311,000 TO 29 NONPROFIT PROPOSALS. THE HOLIDAY CAMPAIGN GARNERED DONATIONS FROM 311 DONORS AND PROVIDED $151,000 IN GRANTS TO 17 PROPOSALS. ADDITIONAL GRANTS WERE MADE THROUGH DONOR ADVISED FUNDS AND NONPROFIT FUNDS UNDER MANAGEMENT.
COMMUNITY LEADERSHIP - THE ORCAS ISLAND COMMUNITY FOUNDATION HOSTS MONTHLY MEETINGS FOR NONPROFIT AND GOVERNMENT LEADERSHIP TO SURFACE ISSUES, COLLABORATE ON SOLUTIONS, AND BUILD COMMUNITY RESILIENCE. OICF MAINTAINS A NONPROFIT DIRECTORY ONLINE AND HOSTS A LISTSERV TO CONNECT ORGANIZATIONS, VOLUNTEERS, AND DONORS. ADDITIONALLY, OICF OFFERS BOARD AND PROGRAM DEVELOPMENT WORKSHOPS AND TRAININGS. THE FOUNDATION ALSO OFFERS FREE USE OF THE COMMUNITY MEETING SPACE OPEN TO ALL COMMUNITY ORGANIZATIONS.
FIDUCIARY SERVICES - THE ORCAS ISLAND COMMUNITY FOUNDATION STEWARDS FUNDS FOR THE COMMUNITY INCLUDING DONOR ADVISED FUNDS, NON PROFIT FUNDS, BOTH RESTRICTED AND UNRESTRICTED, SCHOLARSHIP FUNDS AND FIELD OF INTEREST FUNDS. IN 2023, 15 NEW FUNDS WERE OPENED, BRINGING THE TOTAL UNDER MANAGEMENT TO 205. OICF OFFERS FOUR INVESTMENT SLEEVES- A MEDIUM TO LONG TERM FUND, A LOW FEE EXCHANGE TRADED FUND, A SHORT TERM FUND, AND THE BLUE MARBLE FUND- AN ESG FUND. ALL FUND ADVISORS HAVE SEAMLESS ACCESS TO THEIR FUND ACCOUNTING AND GRANT MAKING ONLINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Foster President | OfficerTrustee | 6 | $0 |
Susan Alter Vice President | OfficerTrustee | 3 | $0 |
Mary Clure 2nd Vice President | OfficerTrustee | 3 | $0 |
Patricia Benton Treasurer | OfficerTrustee | 3 | $0 |
Lisa Steckley Secretary | OfficerTrustee | 3 | $0 |
Anne Marie Shanks Trustee | Trustee | 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 | $6,716,489 |
| Noncash contributions included in lines 1a–1f | $1,152,883 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,716,489 |
| Total Program Service Revenue | $0 |
| Investment income | $682,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,309 |
| Net Gain/Loss on Asset Sales | -$193,899 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,239,957 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,013,535 |
| 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. | $167,892 |
| Compensation of current officers, directors, key employees. | $41,973 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $122,368 |
| Pension plan accruals and contributions | $2,878 |
| Other employee benefits | $13,710 |
| Payroll taxes | $23,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,456 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $200,735 |
| Fees for services: Other | $20,800 |
| Advertising and promotion | $525 |
| Office expenses | $13,913 |
| Information technology | $10,915 |
| Royalties | $0 |
| Occupancy | $19,099 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,944 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,137 |
| Insurance | $12,451 |
| All other expenses | $0 |
| Total functional expenses | $4,688,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $788,489 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $662 |
| 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 | $1,029,259 |
| Investments—publicly traded securities | $25,365,333 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,333,743 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $21,596 |
| 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 | $49,307 |
| Total liabilities | $70,903 |
| Net assets without donor restrictions | $5,781,574 |
| Net assets with donor restrictions | $21,481,266 |
| 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 | $27,333,743 |
Grants Awarded
Over the last fiscal year, Orcas Island Community Foundation has awarded $3,896,919 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ART FOR ORCAS KIDS PURPOSE: VARIOUS PURPOSES AS APPROVED BY OICF BOARD | $18,000 |
COLORADO COLLEGE PURPOSE: VARIOUS PURPOSES AS APPROVED BY OICF BOARD | $25,000 |
DAVIDSON COLLEGE PURPOSE: VARIOUS PURPOSES AS APPROVED BY OICF BOARD | $15,000 |
FRIENDS OF THE SAN JUANS PURPOSE: VARIOUS PURPOSES AS APPROVED BY OICF BOARD | $20,350 |
FRIENDS OF THE OLGA STORE BUILDING PURPOSE: VARIOUS PURPOSES AS APPROVED BY OICF BOARD | $21,225 |
FUNHOUSE COMMONS PURPOSE: VARIOUS PURPOSES AS APPROVED BY OICF BOARD | $103,706 |