Gordon Elwood Foundation
- Assets
- $9.9m
- Revenue
- $459.5k
- Investments
- $9.6m
- Employees
- 0
- Location
- Medford, OR
- Founding
- 07/1999
- Data as of
- 06/2023
- EIN
- 93-1267972
Organization Overview
Gordon Elwood Foundation is located in Medford, OR. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gordon Elwood 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 06/2023, Gordon Elwood Foundation generated $459.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.4%) each year. All expenses for the organization totaled $743.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT CHARITABLE ACTIVITIES (COMMUNITY BUILDING STRATEGIC ACTIVITIES) 2022-2023 BACKGROUND ON THESE ACTIVITIES:BEGINNING IN 2003 THE FOUNDATIONS BOARD OF DIRECTORS DECIDED TO INVEST MORE THAN JUST DOLLARS INTO THE FOUR TARGET COUNTIES IN SOUTHERN OREGON TO SUPPORT ITS REGIONAL VISION: JACKSON, JOSEPHINE, KLAMATH, AND CURRY COUNTIES ARE HOME TO SUCCESSFUL YOUTH AND INDIVIDUALS, THRIVING FAMILIES, AND COMMUNITIES. COMMUNITY SPECIFIC GOALS: LEVERAGE RESOURCES TO BRING ATTENTION TO COMMUNITY HEALTH & VITALIZATION OPPORTUNITIES. CREATE OPPORTUNITIES FOR NEW THINKING AND INNOVATIVE APPROACHES ON COMMUNITY ISSUES. PARTNER WITH PUBLIC AND PRIVATE FUNDERS FOR LEARNING AND ACHIEVING GREATER IMPACT ON COMMUNITY AND REGIONAL ISSUES. ACT AS A CONVENER TO SURFACE UNDERLYING CAUSE OF COMMUNITY ISSUES AND THE OPPORTUNITY FOR CREATIVE RESOLUTION. EXPENSES TO PROMOTE AND CARRY OUT THESE GOALS ARE OUTSIDE THE CASH GRANTS ALLOCATED EACH YEAR AND ARE RECORDED AND RECOGNIZED AS PART OF THE FOUNDATIONS ADMI
COMMUNITY AND LEADERSHIP DEVELOPMENT PROVIDED BY FOUNDATION STAFF AND/OR CONSULTANTS AND VOLUNTEERS TO CONVENE, COACH, FACILITATE, TRAIN, TRANSCRIBE, ACT AS THINKING PARTNER, AND LEVERAGE OPPORTUNITIES TO POSITIVELY IMPACT YOUTH, INDIVIDUALS, FAMILIES, ORGANIZATIONS AND COMMUNITIES IN ALIGNMENT WITH FOUNDATION VISION AND GOALS IN FOUR COUNTIES. PROGRAM STAFFING SUPPORT COST/VALUE $215,511.I. REGIONAL LEADERSHIP DEVELOPMENT FOUNDATION SPONSORED THE FOUNDATION'S BOARD VICE PRESIDENT, ALSO SERVING AS VICE CHAIR OF RESOLVE, TO THE AMERICAN LEADERSHIP FORUM OF OREGON SEE AMERICAN LEADERSHIP FORUM OF OREGON (ALFOREGON.ORG). FOUNDATION PROVIDED SCHOLARSHIPS TO THREE INDIVIDUAL LEADERS IDENTIFIED FROM THE FOUNDATION SERVICE REGION FOR A YEAR-LONG ADVANCED LEADERSHIP PROGRAM WITH SUSTAINABLE LEADERSHIP CONSULTANTS. SPECIFIC COMMUNITY COLLABORATIVE INITIATIVES II. JEFFERSON E FUNDERS FORUM (JEFF) JEFFERSON FUNDERS FORUM BRINGS TOGETHER PUBLIC AND PRIVATE PHILANTHROPIC LEADERSHIP TO SHARE INFORMA
CASH SUPPORT FOR EXPENSES RELATED TO ORGANIZATIONS AND PROJECTS LISTED IN ACTIVITY ONE AND TWO. EXPENSES INCLUDE: SUPPORTING MEETING EXPENSES WITH COMMUNITY LEADERS AND GROUPS OF LEADERS; SUPPORTFEES ASSOICATED WITH SPEAKERS, EDUCATION, TECHNOLOGY AND RESEARCH; AND PROVIDE SCHOLARSHIPS FOR SELECTED PROJECT LEADERS OR GRANTEES TO ATTEND TRAININGS AND SEMINARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Barry Secretary | 1 | $0 | |
Angela Durant Executive Dir. | 40 | $33,231 | |
Robert Hutchins Trustee | 2 | $0 | |
Daniel Kosmatka Past President | 2 | $0 | |
Michael Heverly Trustee | 1 | $0 | |
Katherine Bryon Executive Dir. | 40 | $138,516 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $37,557 |
| Interest on Savings | $5,452 |
| Dividends & Interest | $197,757 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $218,757 |
| Capital Gain Net Income | $218,757 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $459,523 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,122 |
| Other employee salaries and wages | $74,951 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,799 |
| Depreciation | $14,710 |
| Occupancy | $2,850 |
| Travel, conferences, and meetings | $2,130 |
| Printing and publications | $1,266 |
| Other expenses | $162,461 |
| Total operating and administrative expenses | $586,456 |
| Contributions, gifts, grants paid | $156,800 |
| Total expenses and disbursements | $743,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,294 |
| 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 | $9,577,999 |
| Net Land, buildings, and equipment | $287,362 |
| Other assets | $0 |
| Total assets | $9,895,655 |
| Accounts payable and accrued expenses | $4,177 |
| 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 | $4,177 |