Happy Canyon Foundation Inc
- Assets
- $4.0m
- Revenue
- $648.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Pendleton, OR
- Founding
- 12/2006
- Data as of
- 12/2022
- EIN
- 93-6042747
Organization Overview
Happy Canyon Foundation Inc is located in Pendleton, OR. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Happy Canyon Foundation 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, Happy Canyon Foundation Inc generated $648.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.9% each year . All expenses for the organization totaled $26.9k during the year ending 12/2022. While expenses have increased by 6.2% 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 2020, Happy Canyon Foundation Inc has awarded 19 individual grants totaling $506,254. 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
TO PROVIDE PERPETUAL MEMORY OF THE OLD WEST AND THE PIONEERS WHO BROUGHT CVILIZATION TO OREGON AND UMATILLA COUNTY. TO PRESERVE FOR FUTURE GENERATIONS THE MEMORY OF THE MANNER OF LIFE, PLEASURES, AND HARDSHIPS OF THE EMIGRANTS ON THE OREGON TRAIL; TO PRESERVE THE CUSTOMS AND LIFE OF THE INDIAN TRIBES WHO OCCUPIED THE OREGON COUNTRY; TO PRESERVE PROTECT AND HONOR THE MEMORY OF VETERANS; TO ENCOURAGE ANNUAL COMMUNITY CELEBRATION AND ENTERTAINMENT. THE FOUNDATION ANNUALLY AWARDS SCHOLARSHIPS TO LOCAL HIGH SCHOOL GRADUATES TO ASSIST WITH THE COST OF SECONDARY EDUCATION AND MAKES DONATIONS TO LOCAL CHARITABLE, EDUCATIONAL AND CIVIC ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 7 SCHOLARSHIPS TO LOCAL YOUTH.
PROVIDED FUNDING FOR UPGRADES TO HAPPY CANYON COMPANY INC FACILITIES.
HAPPY CANYON FOUNDATION WILL KEEP ANNUAL OPERATING CASH ON HAND TOTALING ONE YEAR'S EXPENSES IN EITHER CASH OR CASH EQUIVALENT ACCOUNTS, OR ANOTHER AMOUNT APPROVED BY AN INVESTMENT COMMITTEE. THE FOUNDATION HAS BEEN ABLE TO INVEST FUNDS IN ORDER TO MEET ANTICIPATED NEEDS FOR CONTINUATION OF THE SHOW AND ABILITY TO PROVIDE FINANCIAL ASSISTANCE FOR FUTURE SCHOLARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Degrofft President | OfficerTrustee | $0 | |
Kelsey Garton Vice Preside | OfficerTrustee | $0 | |
Allen Waggoner Secretary | OfficerTrustee | $0 | |
Corey Neistadt Treasurer | OfficerTrustee | $0 | |
Randy Perkins Director | Trustee | $0 | |
Chris Cockburn Director | Trustee | $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 | $615,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $615,751 |
| Total Program Service Revenue | $0 |
| Investment income | $9,212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,251 |
| Net Gain/Loss on Asset Sales | $315 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $648,529 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $7,000 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,984 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $981 |
| All other expenses | $0 |
| Total functional expenses | $26,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,917 |
| Savings and temporary cash investments | $874,851 |
| 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 | $3,078,067 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,969,835 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $3,081,022 |
| Net assets with donor restrictions | $888,813 |
| 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 | $3,969,835 |
Grants Awarded
Over the last fiscal year, Happy Canyon Foundation Inc has awarded $329,270 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PENDLETON CHAMBER OF COMMERCE | | | $272,000 |
PENDLETON CONVENTION CENTERCITY OF PENDLETON | | | $20,000 |
FIRST ASSEMBLY OF GOD | | | $6,595 |
PENDLETON BLACK SOX | | | $10,375 |
ATHENA CHRISTIAN CHURCH | | | $6,500 |
HAPPY CANYON COMPANY INC | | | $13,800 |