Kitsap Community Foundation
- Assets
- $13.0m
- Revenue
- $2.9m
- Investments
- $80.1k
- Employees
- 10
- Location
- Silverdale, WA
- Founding
- 01/1995
- Data as of
- 09/2022
- EIN
- 94-3205217
Organization Overview
Kitsap Community Foundation is located in Silverdale, WA. The organization was established in 1995. 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 09/2022, Kitsap Community Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kitsap Community 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 09/2022, Kitsap Community Foundation generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $3.2m during the year ending 09/2022. While expenses have increased by 9.0% 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 2014, Kitsap Community Foundation has awarded 461 individual grants totaling $12,562,669. 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
: A CATALYST FOR THE GREATER GOOD. WE PARTNER WITH DONORS AND OTHERS TO INVEST IN OUR REGION'S NONPROFIT ORGANIZATIONS TO FOSTER A MORE VIBRANT KITSAP PENINSULA FOR THE BENEFIT OF ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LEADERSHIP TO MOVE THE COMMUNITY TOWARDS SOLUTIONS TO COMPLEX PROBLEMS, SUCH AS OUR KITSAP STRONG PROGRAM THAT IS AIMED AT AMELIORATING ADVERSE CHILDHOOD EXPERIENCES.TO AID, SUPPORT AND ASSIST BY GIFTS, CONTRIBUTIONS OR OTHERWISE, OTHER CHARITABLE ORGANIZATIONS.ALSO OPERATED THE KITSAP GREAT GIVE CAMPAIGN WHICH RAISED $1.5M FOR OVER 300 CHARITIES. INVESTED DONOR ADVISED FUNDS AND OTHER CHARITABLE FUNDS FOR A REASONABLE RETURN WITH ACCEPTABLE RISK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shaine Schramling Funds & Grants Officer | Officer | 35 | $57,641 |
Stephanie Cline George President & CEO | Officer | 40 | $25,200 |
David Nelson Vice Chair | OfficerTrustee | 1 | $0 |
Daphne Lee-Larson Secretary | OfficerTrustee | 1 | $0 |
Dave Schureman Treasurer | OfficerTrustee | 1 | $0 |
Naveen Chaudhary Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $153,577 |
| Related organizations | $0 |
| Government grants | $633,317 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,953,503 |
| Noncash contributions included in lines 1a–1f | $65,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,740,397 |
| Total Program Service Revenue | $43,457 |
| Investment income | $228,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$113,301 |
| Net Income from Fundraising Events | -$24,416 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,876,356 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,924,730 |
| 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. | $168,552 |
| Compensation of current officers, directors, key employees. | $8,428 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $313,159 |
| Pension plan accruals and contributions | $6,345 |
| Other employee benefits | $7,096 |
| Payroll taxes | $43,096 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,798 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $457,683 |
| Advertising and promotion | $26,753 |
| Office expenses | $103,278 |
| Information technology | $33,336 |
| Royalties | $0 |
| Occupancy | $57,908 |
| Travel | $1,685 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,243 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,323 |
| All other expenses | $0 |
| Total functional expenses | $3,159,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,188,913 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,600 |
| 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 | $0 |
| Investments—other securities | $80,050 |
| Investments—program-related | $10,628,807 |
| Intangible assets | $0 |
| Other assets | $3,500 |
| Total assets | $12,990,870 |
| Accounts payable and accrued expenses | $129,863 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,233,739 |
| 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 | $2,363,602 |
| Net assets without donor restrictions | $4,290,176 |
| Net assets with donor restrictions | $6,337,092 |
| 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 | $12,990,870 |
Grants Awarded
Over the last fiscal year, Kitsap Community Foundation has awarded $1,214,569 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
Kingston, WA PURPOSE: OPERATIONS AND SUPPORT. | $348,523 |
Bremerton, WA PURPOSE: OPERATIONS AND SUPPORT. | $255,725 |
Bremerton, WA PURPOSE: OPERATIONS AND SUPPORT. | $71,686 |
Bainbridge Island, WA PURPOSE: OPERATIONS AND SUPPORT. | $44,809 |
Bremerton, WA PURPOSE: OPERATIONS AND SUPPORT. | $24,519 |
Lincoln, NE PURPOSE: OPERATIONS AND SUPPORT. | $22,000 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Kitsap Community Foundation has recieved totaling $676,096.
| Awarding Organization | Amount |
|---|---|
Kaiser Foundation Health Plan Of Washington Oakland, CA PURPOSE: Trauma-informed Community Approach | $213,676 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $200,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $130,500 |
United Way Of Kitsap County Bremerton, WA PURPOSE: GENERAL SUPPORT | $50,785 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT; KITSAP CO SHERIFF BENEVOLENT FDN; TO PROVIDE GENERAL OPERATING SUPPORT | $36,500 |
Philanthropy Northwest Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Endowment Analysis
| Beg. Balance | $6,337,239 |
| Earnings | -$1,157,999 |
| Net Contributions | $374,714 |
| Grants | $660,589 |
| Ending Balance | $4,893,365 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Innovia Foundation Spokane, WA | $167,789,472 | $30,081,757 |
Greater Tacoma Community Foundation Tacoma, WA | $166,592,589 | $24,675,694 |
Idaho Community Foundation Inc Boise, ID | $229,667,754 | $28,111,141 |
Community Foundation Of North Central Washington Wenatchee, WA | $129,475,587 | $18,614,873 |
Whatcom Community Foundation Bellingham, WA | $61,418,992 | $32,311,600 |
Blue Mountain Community Foundation Walla Walla, WA | $59,624,094 | $14,162,735 |
Oregon Jewish Community Foundation Portland, OR | $113,748,806 | $13,935,130 |
Yakima Valley Community Foundation Yakima, WA | $80,915,823 | $19,701,329 |
Juneau Community Foundation Juneau, AK | $82,810,614 | $6,137,568 |
Portland Community College Foundation Inc Portland, OR | $27,749,544 | $7,912,133 |
Catholic Community Services Foundation Salem, OR | $35,947,789 | $5,259,361 |
Salem Foundation Pioneer Trust Company Trustee Salem, OR | $34,628,460 | $4,735,987 |