Lake Oswego School Dist Foundation Inc
- Assets
- $2.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Oswego, OR
- Founding
- 04/1987
- Data as of
- 06/2021
- EIN
- 94-3028590
Organization Overview
Lake Oswego School Dist Foundation Inc is located in Lake Oswego, OR. The organization was established in 1987. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Lake Oswego School Dist 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 06/2021, Lake Oswego School Dist Foundation Inc generated $1.2m 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 (3.9%) each year. All expenses for the organization totaled $965.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INVESTING IN PUBLIC EDUCATION TO GIVE STUDENTS UNMATCHED OPPORTUNITIES TO FLOURISH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO LAKE OSWEGO SCHOOL DISTRICT, USED TO HIRE AND RETAIN TEACHING POSITIONS THAT PROVIDE EDUCATIONAL EXPERIENCES BEYOND WHAT IS POSSIBLE WITH LIMITED PUBLIC FUNDING. FOUNDATION FUNDS GRANTED TO THE LAKE OSWEGO SCHOOL DISTRICT ENABLE THE DISTRICT TO PROVIDE MUSIC TEACHERS AND READING SPECIALISTS AT THE ELEMENTARY LEVEL. AT THE MIDDLE SCHOOL AND HIGH SCHOOL LEVEL, THE LAKE OSWEGO SCHOOLS FOUNDATION FUNDS ENABLE THE DISTRICT TO PROVIDE MORE ELECTIVES AND ADVANCED PLACEMENT COURSES FOR STUDENTS TO EXPLORE AND PURSUE INTERESTS FOR CAREER AND COLLEGE READINESS, AS WELL AS RECEIVE ADDITIONAL INSTRUCTION TIME IN SCHOOL. THE LAKE OSWEGO SCHOOLS FOUNDATION INVESTS IN TEACHERS FOR ALL STUDENTS OF LAKE OSWEGO SCHOOL DISTRICT. THE LAKE OSWEGO SCHOOLS FOUNDATION FUNDS GRANTED TO THE LAKE OSWEGO SCHOOL DISTRICT SUPPORT THE FULL-TIME EQUIVALENT OF 20 TEACHING POSITIONS IN FY20.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Carter Vice President | OfficerTrustee | 3 | $0 |
Elizabeth Hills President | OfficerTrustee | 10 | $0 |
Karen Harding Treasurer | OfficerTrustee | 3 | $0 |
Bill Woodruff Treasurer | OfficerTrustee | 3 | $0 |
Maxine Walkenhorst Vice President | OfficerTrustee | 3 | $0 |
Bink Greene Past President | OfficerTrustee | 3 | $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 | $1,090,671 |
| Noncash contributions included in lines 1a–1f | $97,923 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,090,671 |
| Total Program Service Revenue | $0 |
| Investment income | $8,532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $78,157 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,177,360 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $905,000 |
| Grants and other assistance to domestic individuals. | $1,000 |
| 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 | $12,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,237 |
| Fees for services: Other | $544 |
| Advertising and promotion | $3,370 |
| Office expenses | $25,181 |
| Information technology | $3,937 |
| 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 | $200 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $965,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,421 |
| Savings and temporary cash investments | $59,346 |
| 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 | $0 |
| Investments—publicly traded securities | $2,024,384 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,102,151 |
| 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 | $196,340 |
| Net assets with donor restrictions | $1,905,811 |
| 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 | $2,102,151 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Lake Oswego School Dist Foundation Inc has recieved totaling $279,826.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $187,654 |
Oregon Community Foundation Portland, OR PURPOSE: K12 Education | $65,187 |
Organization Name not Listed PURPOSE: SUPPORT PUBLIC SCHOOLS | | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $8,350 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Raidy Charitable Foundation Monrovia, CA PURPOSE: SERVICE TO COMMUNITY | $1,256 |
Endowment Analysis
| Beg. Balance | $1,372,205 |
| Earnings | $520,504 |
| Net Contributions | $196,862 |
| Other Expense | $65,187 |
| Ending Balance | $2,024,384 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
System Management Group San Diego, CA | $174,665,064 | $68,599,184 |
Salesforce Com Foundation San Francisco, CA | $419,674,142 | $105,083,193 |
Foundation For Grossmont And Cuyamaca Colleges El Cajon, CA | $30,579,750 | $41,100,641 |
Archival Foundation Beverly Hills, CA | $70,496,412 | $21,253,596 |
Provenance Duarte, CA | $16,793,106 | $20,000,682 |
Spark Sf Public Schools San Francisco, CA | $15,254,604 | $27,199,561 |
Great Public Schools Now Los Angeles, CA | $20,013,399 | $15,067,311 |
College Success Foundation Bellevue, WA | $13,905,715 | $16,300,539 |
Gladstone Foundation San Francisco, CA | $27,923,141 | $22,078,581 |
George Lucas Educational Foundation San Rafael, CA | $6,425,809 | $14,665,129 |
The Parasol Tahoe Community Foundation Inc Incline Village, NV | $97,913,034 | $15,633,796 |
Davidson Institute For Talent Development Incline Village, NV | $2,040,449 | $8,109,259 |