Lincoln County Foundation
- Assets
- $8.3m
- Revenue
- $604.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Newport, OR
- Founding
- 03/1965
- Data as of
- 06/2021
- EIN
- 93-6030371
Organization Overview
Lincoln County Foundation is located in Newport, OR. The organization was established in 1965. 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. Lincoln County 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 06/2021, Lincoln County Foundation generated $604.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $223.7k during the year ending 06/2021. While expenses have increased by 2.0% 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.
Since 2017, Lincoln County Foundation has awarded 22 individual grants totaling $305,237. 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 LINCOLN COUNTY FOUNDATION IS AN AGENCY ESTABLISHED TO RECEIVE, ADMINISTER AND DISBURSE FUNDS AND OTHER PROPERTY TO ASSIST THE PEOPLE OF LINCOLN COUNTY, OREGON; PARTICULARLY THE YOUNG PEOPLE THROUGH GRANTS AND SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LINCOLN COUNTY FOUNDATION PROVIDED GRANTS TO 5 AREA NONPROFIT ORGANIZATIONS TOTALING 20,531 TO SUPPORT THEIR OPERATIONS AND THE SERVICES THEY PROVIDE TO THE PUBLIC. SEE SCHEDULE I OF THIS RETURN FOR DETAILS.
LINCOLN COUNTY FOUNDATION PROVIDED SCHOLARSHIPS TO 50 STUDENTS TOTALING 136,900 DURING THE FISCAL YEAR ENDED JUNE 30, 2021. THE SCHOLARSHIP PROGRAM IS DESIGNED TO ASSIST STUDENTS IN LINCOLN COUNTY OREGON WITH THEIR EDUCATIONAL ENDEAVORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Zagel CPA Executive Di | Officer | 20 | $32,000 |
Marcia Buckley Vice Preside | OfficerTrustee | 1 | $0 |
Julie Hanrahan President | OfficerTrustee | 2 | $0 |
Keith Nelson Treasurer | OfficerTrustee | 10 | $0 |
Deborah Trusty Secretary | OfficerTrustee | 2 | $0 |
Patty Graves Correspondin | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $303,789 |
| Investment income | $300,518 |
| 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 | $604,307 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $136,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $32,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,844 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,494 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $264 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240 |
| Insurance | $1,637 |
| All other expenses | $0 |
| Total functional expenses | $223,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $128,437 |
| Pledges and grants receivable | $45,943 |
| 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 |
| Investments—publicly traded securities | $8,169,215 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,344,295 |
| Accounts payable and accrued expenses | $4,124 |
| Grants payable | $494,660 |
| 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 | $498,784 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $7,845,511 |
Grants Awarded
Over the last fiscal year, Lincoln County Foundation has awarded $17,325 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TOLEDO ROTARY | | | $8,973 |
LINCOLN CITY KIWANIS PURPOSE: SUPPORT | $8,352 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lincoln County Foundation has recieved totaling $14,266.
| Awarding Organization | Amount |
|---|---|
Oregon Community Foundation Portland, OR PURPOSE: K12 Education | $14,266 |
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 |