Josephine County Educational Fund Inc
- Assets
- $8.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 2
- Location
- Grants Pass, OR
- Founding
- 06/1967
- Data as of
- 12/2022
- EIN
- 93-6041252
Organization Overview
Josephine County Educational Fund Inc is located in Grants Pass, OR. The organization was established in 1967. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 12/2022, Josephine County Educational Fund Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Josephine County Educational Fund 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 12/2022, Josephine County Educational Fund Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 11.6% per year over the past 8 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 2016, Josephine County Educational Fund Inc has awarded 25 individual grants totaling $508,038. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATE A LEGACY OF EDUCATIONAL PHILANTHROPY IN SOUTHERN OREGON. PROVIDE GRANTS AND SCHOLARSHIPS TO STUDENTS, SCHOOLS AND YOUTH SERVING ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ADMINISTERS CHARITABLE FUNDS AND ISSUES GRANTS/SCHOLARSHIPS FROM THOSE FUNDS FOR EDUCATIONAL AND CHARITABLE PURPOSES, PRIMARILY IN SOUTHERN OREGON. SCHOLARSHIPS FOR TUITION, AND GRANTS FOR SUPPLIES AND/OR BOOKS AWARDED TO MORE THAN 500 LOCAL STUDENTS ANNUALLY.
SUPPORT FOR CURRENT AND FORMER STUDENTS OF LOCAL HIGH SCHOOLS THROUGH A DRUG-FREE AND ALCOHOL-FREE GRADUATION CELEBRATION, AND CLASS REUNIONS. SUPPORT FOR THE COMMUNITY AT LARGE AND GRANTS SUPPORTING LOCAL ORGANIZATIONS AND SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Davis President-Outgoing | OfficerTrustee | 2 | $0 |
Sean Ward Treasurer | OfficerTrustee | 1 | $0 |
Judith Drummond Secretary | OfficerTrustee | 1 | $0 |
Thomas Drummond Director | Trustee | 1 | $0 |
Bill Flaming Director | Trustee | 1 | $0 |
Constance Palaia-Marr President-Incoming | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,149,739 |
| Noncash contributions included in lines 1a–1f | $71,436 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,149,739 |
| Total Program Service Revenue | $19,702 |
| Investment income | $149,281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $338,720 |
| Net Income from Fundraising Events | $6,704 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,664,146 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $124,100 |
| Grants and other assistance to domestic individuals. | $830,178 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,661 |
| Compensation of current officers, directors, key employees. | $13,457 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,930 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,236 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,454 |
| Fees for services: Other | $43,730 |
| Advertising and promotion | $2,416 |
| Office expenses | $27,444 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,256 |
| Travel | $8,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,006 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,021 |
| All other expenses | $169 |
| Total functional expenses | $1,306,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,775 |
| Savings and temporary cash investments | $539,859 |
| 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 | $18,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,265,454 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,078,088 |
| Accounts payable and accrued expenses | $5,125 |
| 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 | $5,125 |
| Net assets without donor restrictions | $105,371 |
| Net assets with donor restrictions | $7,967,592 |
| 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 | $8,078,088 |
Grants Awarded
Over the last fiscal year, Josephine County Educational Fund Inc has awarded $111,400 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMIC MASTERS PURPOSE: Operations | $12,000 |
COMMUNITY BRIDGES (AT THE WELL ROGUE VALLEY) PURPOSE: Operations | $8,400 |
SISKIYOU COMMUNITY HEALTH PURPOSE: Operations | $33,000 |
FAMILY NUTURING CENTER PURPOSE: Operations | $40,000 |
ILLINOIS VALLEY FAMILY COALITION PURPOSE: Operations | $8,000 |
SUGARLOAF COMMUNITY ASSOCIATION PURPOSE: Operations | $10,000 |