Community Foundation Of South Puget Sound
- Assets
- $38.8m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Olympia, WA
- Founding
- 11/1994
- Data as of
- 12/2023
- EIN
- 94-3121390
Organization Overview
Community Foundation Of South Puget Sound is located in Olympia, WA. The organization was established in 1994. 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. As of 12/2023, Community Foundation Of South Puget Sound employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of South Puget Sound 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 12/2023, Community Foundation Of South Puget Sound generated $4.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $3.6m during the year ending 12/2023. While expenses have increased by 9.0% per year over the past 9 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 2015, Community Foundation Of South Puget Sound has awarded 1,327 individual grants totaling $15,676,290. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE PHILANTHROPIC EFFORTS THAT ENRICH OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION INSPIRES PHILANTHROPIC EFFORTS TO MAKE THE SOUTH PUGET SOUND REGION A STRONGER, MORE VIBRANT COMMUNITY FOR ALL. INDIVIDUALS, CORPORATIONS, AND NONPROFIT AGENCIES CONTRIBUTE TO FUNDS THAT SUPPORT A WIDE RANGE OF ORGANIZATIONS THAT PROMOTE EDUCATIONAL, CULTURAL, HEALTH, SOCIAL, AND CIVIC DEVELOPMENT. AS THE ONLY LOCAL ORGANIZATION DESIGNED TO BUILD PERMANENT CHARITABLE RESOURCES AND INSPIRE PHILANTHROPIC EFFORTS TO BROADLY IMPROVE THE HEALTH AND WELLBEING OF OUR REGION, THE FOUNDATION DEMONSTRATES A PLACE-BASED FOCUS ON COMMUNITIES IN THURSTON, MASON AND LEWIS COUNTIES. COMMUNITY FOUNDATION STAFF AND VOLUNTEERS BRING DEEP LOCAL KNOWLEDGE OF AREA NONPROFITS AND COMMUNITY ISSUES, GRANTMAKING EXPERTISE, AND AN UNDERSTANDING OF EFFECTIVE PHILANTHROPY WHEN ADVISING DONORS.
THE FOUNDATION'S MISSION IS VERY BROAD: TO INSPIRE PHILANTHROPIC EFFORTS THAT ENRICH OUR COMMUNITIES. THE FOUNDATION AIMS TO SUPPORT A WIDE RANGE OF NONPROFIT ACTIVITIES - FROM THE ARTS TO BASIC NEEDS TO THE ENVIRONMENT - AS WELL AS TO FUND ORGANIZATIONS THAT ARE TACKLING TOUGH CHALLENGES AND STRENGTHENING WHAT'S WORKING IN OUR COMMUNITIES. BEYOND THOSE BASIC MEASURES, THE FOUNDATION IDENTIFIES AND FUNDS CRITICAL COMMUNITY NEEDS AND OPPORTUNITIES THROUGH ITS COMMUNITY ENGAGEMENT EFFORTS. THIS SCOPE OF ITS MISSION REFLECTS THE FOUNDATION'S ABILITY TO RAISE CHARITABLE FUNDS AND MAKE GRANTS AND SCHOLARSHIPS FOR THE BENEFIT OF THE SOUTH PUGET SOUND REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Rains Chair | OfficerTrustee | 2 | $0 |
Jim Morrell Past Chair | OfficerTrustee | 2 | $0 |
Teresa Loo Vice Chair | OfficerTrustee | 2 | $0 |
Janet Mclane Secretary | OfficerTrustee | 2 | $0 |
Josh Deck Treasurer | OfficerTrustee | 2 | $0 |
Robert Bradley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $48,150 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,492,364 |
| Noncash contributions included in lines 1a–1f | $123,272 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,540,514 |
| Total Program Service Revenue | $521,817 |
| Investment income | $1,023,500 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $61,779 |
| Net Income from Fundraising Events | -$31,134 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,150,663 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,362,405 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $116,640 |
| Compensation of current officers, directors, key employees. | $58,320 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $250,780 |
| Pension plan accruals and contributions | $11,003 |
| Other employee benefits | $25,159 |
| Payroll taxes | $31,270 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,296 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $106,799 |
| Fees for services: Other | $4,856 |
| Advertising and promotion | $9,296 |
| Office expenses | $64,093 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,111 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,719 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,751 |
| Total functional expenses | $3,596,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $459,951 |
| Savings and temporary cash investments | $56,610 |
| Pledges and grants receivable | $4,100 |
| 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 | $4,701 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $38,224,555 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,790 |
| Total assets | $38,752,707 |
| Accounts payable and accrued expenses | $26,238 |
| Grants payable | $74,333 |
| 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 | $7,319,414 |
| Total liabilities | $7,419,985 |
| Net assets without donor restrictions | $31,328,622 |
| Net assets with donor restrictions | $4,100 |
| 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 | $38,752,707 |
Grants Awarded
Over the last fiscal year, Community Foundation Of South Puget Sound has awarded $2,104,803 in support to 104 organizations.
| Grant Recipient | Amount |
|---|---|
ALL KIDS WIN PURPOSE: OPERATING | $13,914 |
ARBUTUS FOLK SCHOOL PURPOSE: OPERATING | $12,486 |
ASHHO PURPOSE: OPERATING | $11,046 |
BALLET NORTHWEST PURPOSE: OPERATING | $7,206 |
BOUNTY FOR FAMILIES PURPOSE: OPERATING | $14,120 |
BOYS & GIRLS CLUB OF CHEHALIS PURPOSE: OPERATING | $8,929 |