Goosefoot Community Fund A Not For Profit Corporation
- Assets
- $17.0m
- Revenue
- $3.3m
- Investments
- $2.9m
- Employees
- 16
- Location
- Langley, WA
- Founding
- 09/2001
- Data as of
- 12/2023
- EIN
- 91-1960139
Organization Overview
Goosefoot Community Fund A Not For Profit Corporation is located in Langley, WA. The organization was established in 2001. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Goosefoot Community Fund A Not For Profit Corporation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goosefoot Community Fund A Not For Profit Corporation 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, Goosefoot Community Fund A Not For Profit Corporation generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 7.9% per year over the past 9 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 2016, Goosefoot Community Fund A Not For Profit Corporation has awarded 91 individual grants totaling $1,395,739. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BRING NEIGHBORS TOGETHER TO NURTURE A SENSE OF PLACE AND COMMUNITY, PRESERVE THE RURAL LANDSCAPE, AND ENHANCE LOCAL COMMERCE.
Describe the Organization's Program Activity:
HISTORIC PRESERVATION & ECONOMIC DEVELOPMENT - PRESERVE RURAL LANDSCAPE AND HISTORIC BUILDINGS. FOSTER LOCAL SUSTAINABLE ECONOMIC DEVELOPMENT. PROVIDE COMMUNITY SPACE TO CONVENE MEETINGS, EVENTS AND CLASSES. OFFER WORKSHOPS TO STRENGTHEN SMALL BUSINESSES.
ENVIRONMENT - PROVIDE DIRECT MONETARY GRANT TO NAMED SUPPORTED ORGANIZATION, WHIDBEY WATERSHED STEWARDS, TO PRESERVE RURAL LANDSCAPE AND ECOSYSTEM. PROMOTE LOCAL FARMERS.
ESSENTIAL SERVICES - ADDRESS THE EMERGENT NEEDS OF PEOPLE EXPERIENCING HOUSING INSECURITY OR DISPLACEMENT. PROVIDE DIRECT MONETARY GRANT TO NAMED SUPPORTED ORGANIZATION, SOUTH WHIDBEY AT HOME, WHICH PROVIDES SERVICES FOR SENIORS AGING IN PLACE.
FOOD SYSTEM - PROVIDE DIRECT MONETARY GRANT TO NAMED SUPPORTED ORGANIZATION, WHIDBEY ISLAND NOURISHES, WHICH HELPS THOSE EXPERIENCING FOOD INSECURITY INCLUDING PROVIDING MEALS FOR LOW INCOME CHILDERN OUTSIDE OF SCHOOL HOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Salomone President | OfficerTrustee | 5 | $0 |
Leigh Bloom President | OfficerTrustee | 5 | $0 |
Karen Larsen Gordon Vice President | OfficerTrustee | 3 | $0 |
Robert Gentz Treasurer | OfficerTrustee | 10 | $0 |
Pam Leloup Secretary | OfficerTrustee | 3 | $0 |
Kevin Dunham Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $532,013 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,154,734 |
| Noncash contributions included in lines 1a–1f | $40,578 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,686,747 |
| Total Program Service Revenue | $746,161 |
| Investment income | $18,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$91,598 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,336,827 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,863 |
| 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. | $247,642 |
| Compensation of current officers, directors, key employees. | $147,784 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $331,097 |
| Pension plan accruals and contributions | $5,305 |
| Other employee benefits | $25,889 |
| Payroll taxes | $44,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,181 |
| Fees for services: Accounting | $21,276 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $25,960 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,561 |
| Advertising and promotion | $13,266 |
| Office expenses | $20,987 |
| Information technology | $10,548 |
| Royalties | $0 |
| Occupancy | $27,547 |
| Travel | $487 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,684 |
| Interest | $71,531 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $265,960 |
| Insurance | $9,517 |
| All other expenses | $46,840 |
| Total functional expenses | $1,929,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,433 |
| Savings and temporary cash investments | $676,261 |
| Pledges and grants receivable | $598,004 |
| Accounts receivable, net | $609,733 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $85,088 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,295 |
| Net Land, buildings, and equipment | $11,655,932 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,878,261 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $113,727 |
| Total assets | $17,038,734 |
| Accounts payable and accrued expenses | $179,886 |
| 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 | $2,014,798 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $132,542 |
| Total liabilities | $2,327,226 |
| Net assets without donor restrictions | $13,566,802 |
| Net assets with donor restrictions | $1,144,706 |
| 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 | $17,038,734 |
Grants Awarded
Over the last fiscal year, Goosefoot Community Fund A Not For Profit Corporation has awarded $108,885 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WHIDBEY COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $33,885 |
WHIDBEY ISLAND NOURISHES PURPOSE: GENERAL SUPPORT | $25,000 |
WHIDBEY WATERSHED STEWARDS PURPOSE: GENERAL SUPPORT | $25,000 |
SOUTH WHIDBEY AT HOME PURPOSE: GENERAL SUPPORT | $25,000 |