Hillsboro Community Foundation Inc
- Assets
- $4.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Hillsboro, OR
- Founding
- 02/1987
- Data as of
- 06/2021
- EIN
- 93-0931059
Organization Overview
Hillsboro Community Foundation Inc is located in Hillsboro, OR. The organization was established in 1987. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hillsboro Community Foundation Inc 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 06/2021, Hillsboro Community Foundation Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 55.5% each year . All expenses for the organization totaled $410.2k during the year ending 06/2021. While expenses have increased by 41.3% per year over the past 5 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 2018, Hillsboro Community Foundation Inc has awarded 72 individual grants totaling $1,390,012. 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 HILLSORO COMMUNITY FOUNDATION ENHANCES THE LIVABILITY AND QUALITY OF LIFE IN OUR COMMUNITY BY PROMOTING AND FACILITATING CHARITABLE GIVING TO ADDRESS LOCAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED 75 GRANTS TOTALING $293,225 TO NON-PROFIT SOCIAL SERVICE, EDUCATION, ARTS, PARKS AND YOUTH ORGANIZATIONS IN THE COMMUNITY. OF THAT AMOUNT $56,855 IN GRANTS WERE IN DIRECT RESPONSE TO THE COVID-19 CRISIS.
AWARDED SEVEN (7) SCHOLARSHIPS TOTALING $26,454 TO HILLSBORO HIGH SCHOOL GRADUATES FOR HIGHER EDUCATION.
CONDUCTED COMMUNITY OUTREACH TO RAISE AWARENESS ABOUT THE IMPORTANCE OF GIVING BACK WITH FINANCIAL SUPPORT AND BY VOLUNTEERING, AND TO CONNECT PEOPLE WITH CAUSES THEY CARE ABOUT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Hughes Chair | OfficerTrustee | 3 | $0 |
Deanna Palm Immediate Past Chair | OfficerTrustee | 3 | $0 |
Jerry Willey Treasurer | OfficerTrustee | 3 | $0 |
Mary Ordal Secretary | OfficerTrustee | 3 | $0 |
Armando Jimenez Director | Trustee | 1 | $0 |
Funda Kelsay Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $547,520 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $607,520 |
| Total Program Service Revenue | $0 |
| Investment income | $1,065,554 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,677,074 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $309,679 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $69,137 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,526 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,546 |
| Office expenses | $2,264 |
| Information technology | $1,874 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $987 |
| All other expenses | $0 |
| Total functional expenses | $410,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,766 |
| Savings and temporary cash investments | $267,623 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $382,216 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,008,622 |
| Total assets | $4,763,227 |
| Accounts payable and accrued expenses | $573 |
| 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 | $573 |
| Net assets without donor restrictions | $76,179 |
| Net assets with donor restrictions | $4,686,475 |
| 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 | $4,763,227 |
Grants Awarded
Over the last fiscal year, Hillsboro Community Foundation Inc has awarded $152,957 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Hillsboro, OR PURPOSE: Health Care | $50,000 |
Cornelius, OR PURPOSE: Esperanza Fund | $25,000 |
HILLSBORO PARKS & REC PURPOSE: After School and Art | $15,000 |
Portland, OR PURPOSE: Telehealth for Hillsboro Clinics | $15,000 |
Hillsboro, OR PURPOSE: Upgrade Driveway | $12,462 |
Portland, OR PURPOSE: Inukai Family Club | $10,495 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hillsboro Community Foundation Inc has recieved totaling $119,660.
| Awarding Organization | Amount |
|---|---|
Oregon Community Foundation Portland, OR PURPOSE: Civic Engagement | $95,054 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,581 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Community Development | $8,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Endowment Analysis
| Beg. Balance | $2,908,560 |
| Earnings | $1,065,554 |
| Admin Expense | $11,478 |
| Net Contributions | $352,900 |
| Grants | $131,516 |
| Ending Balance | $4,184,020 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ventura County Community Foundation Camarillo, CA | $181,940,704 | $53,185,473 |
Santa Barbara Foundation Santa Barbara, CA | $456,585,072 | $53,590,434 |
The San Bruno Community Foundation San Bruno, CA | $57,381,282 | $2,122,835 |
Community Foundation For Monterey County Monterey, CA | $347,659,194 | $59,371,913 |
Community Foundation For Southwest Washington Vancouver, WA | $320,798,451 | $21,245,317 |
Community Foundation Santa Cruz County Aptos, CA | $201,628,792 | $52,106,005 |
Nevada Community Foundation Inc Las Vegas, NV | $244,409,532 | $23,282,106 |
Liberty Hill Foundation Los Angeles, CA | $22,845,623 | $26,116,303 |
Sacramento Region Community Foundation Sacramento, CA | $172,758,711 | $24,599,020 |
Inland Empire Community Foundation Riverside, CA | $130,560,827 | $28,925,228 |
Community Foundation Sonoma County Santa Rosa, CA | $227,314,167 | $31,190,414 |
North Valley Community Foundation Chico, CA | $60,759,000 | $16,028,341 |