Philomath Community Foundation
- Assets
- $1.2m
- Revenue
- $232.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Philomath, OR
- Founding
- 01/1992
- Data as of
- 12/2021
- EIN
- 93-0981908
Organization Overview
Philomath Community Foundation is located in Philomath, OR. The organization was established in 1992. 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. Philomath 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, Philomath Community Foundation generated $232.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $42.8k during the year ending 12/2021. While expenses have increased by 3.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT PHILOMATH COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT PHILOMATH OREGON COMMUNITY ACTIVITIES THROUGH GRANTS AND SCHOLARSHIPS
SUPPORT PHILOMATH OREGON COMMUNITY ACTIVITIES THROUGH GRANTS AND SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Malcom Past President | Officer | 0.5 | $0 |
Neal Peterson President | Officer | 0.5 | $0 |
Matthew Bierek Treasurer | Officer | 1 | $0 |
Steven Bell Vice President | Officer | 0.5 | $0 |
Steven Kearsley Director | Trustee | 0.5 | $0 |
Teresa Boss Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $561 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $96,094 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,655 |
| Total Program Service Revenue | $0 |
| Investment income | $135,736 |
| 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 | $232,391 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,408 |
| 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. | $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 | $0 |
| Fees for services: Legal | $292 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,388 |
| Information technology | $232 |
| Royalties | $0 |
| Occupancy | $786 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,892 |
| Insurance | $726 |
| All other expenses | $340 |
| Total functional expenses | $42,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,313 |
| Savings and temporary cash investments | $0 |
| 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 | $221,765 |
| Investments—publicly traded securities | $877,226 |
| Investments—other securities | $0 |
| Investments—program-related | $227,596 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,196,304 |
| Accounts payable and accrued expenses | $0 |
| 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 | $289,170 |
| Total liabilities | $289,170 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $221,765 |
| Retained earnings, endowment, accumulated income, or other funds | $685,369 |
| Total liabilities and net assets/fund balances | $1,196,304 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Philomath Community Foundation has recieved totaling $19.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pasadena Community Foundation Pasadena, CA | $160,872,116 | $33,042,535 |
Whatcom Community Foundation Bellingham, WA | $61,418,992 | $32,311,600 |
Blue Mountain Community Foundation Walla Walla, WA | $59,624,094 | $14,162,735 |
Stanislaus Community Foundation Modesto, CA | $47,035,948 | $9,403,966 |
Oregon Jewish Community Foundation Portland, OR | $113,748,806 | $13,935,130 |
Community Foundation Of The Napa Valley Napa, CA | $64,371,837 | $19,995,222 |
Yakima Valley Community Foundation Yakima, WA | $80,915,823 | $19,701,329 |
Shasta Regional Community Foundation Redding, CA | $33,649,369 | $8,814,085 |
Troopsdirect Inc San Ramon, CA | $1,749,204 | $6,174,707 |
Portland Community College Foundation Inc Portland, OR | $27,749,544 | $7,912,133 |
Los Altos Community Foundation Los Altos, CA | $24,821,882 | $9,736,995 |
Community Foundation Of San Joaquin Inc Stockton, CA | $29,819,876 | $11,764,048 |