Eugene C Skourtes Foundation
- Assets
- $649.2k
- Revenue
- $22.9k
- Investments
- $606.1k
- Employees
- 0
- Location
- Hillsboro, OR
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 93-1258710
Organization Overview
Eugene C Skourtes Foundation is located in Hillsboro, OR. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Eugene C Skourtes 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 12/2022, Eugene C Skourtes Foundation generated $22.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $19.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Eugene C Skourtes Foundation has awarded 93 individual grants totaling $181,250. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene C Skourtes Director | 1 | $0 | |
Bonnie K Skourtes Director | 1 | $0 | |
John Skourtes Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,422 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,491 |
| Capital Gain Net Income | $18,491 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,913 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,455 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,435 |
| Contributions, gifts, grants paid | $9,250 |
| Total expenses and disbursements | $19,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,150 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $649,213 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Eugene C Skourtes Foundation has awarded $9,250 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NATURE CONSERVANCY PURPOSE: CONSERVATION | $1,000 |
HOLY TRINITY GREEK ORTHODOX CHURCH PURPOSE: RELIGIOUS | $250 |
OREGON FOOD BANK PURPOSE: FOOD SECURITY | $1,500 |
OUTSIDE IN PURPOSE: CARE FOR POOR | $1,000 |
PACIFIC UNIVERSITY PURPOSE: SCHOLARSHIPS | $5,000 |
PORTLAND GAY MENS CHOIR PURPOSE: PROMOTE ART | $500 |