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Nonprofiteer
← COMMUNITY FOUNDATION OF SOUTH PUGET SOUND

Form 990 for tax year 2022

Filed by COMMUNITY FOUNDATION OF SOUTH PUGET SOUND.

Totals

Total revenue
$3,947,638
Total expenses
$4,088,447
Contributions and grants received
$2,244,580
Grants paid
$2,882,210
Program service revenue
$520,544
Investment income
$1,148,347
Other revenue
$34,167
Total assets, end of year
$34,682,709
Total liabilities, end of year
$6,897,153
Net assets or fund balances, end of year
$27,785,556
Program services expenses (Part IX)
$3,720,312
Management and general expenses
$327,515
Fundraising expenses
$40,620
Program service expenses (Part III)
$3,720,312

Program services were 91.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,244,580

  • 1g · Noncash contributions included above

    $192,581

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $520,544 · related or exempt $520,544

  • 3 · Investment income

    total $702,856 · excluded $702,856

  • 6a · Gross rents

    real property $1,300

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,300

  • 6d · Net rental income or loss

    total $1,300 · excluded $1,300

  • 7a · Gross sales of assets other than inventory

    securities $6,828,778

  • 7b · Less cost or other basis and sales expenses

    securities $6,383,287

  • 7c · Gain or loss

    securities $445,491

  • 7d · Net gain or loss

    total $445,491 · excluded $445,491

  • 8a · Fundraising events: gross income

    $48,080

  • 8b · Fundraising events: direct expenses

    $24,019

  • 8c · Net income from fundraising events

    total $24,061 · excluded $24,061

  • 11a · Other revenue: MISCELLANEOUS

    total $8,806 · excluded $8,806

  • 11e · Other revenue, total

    $8,806

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,882,210 · program services $2,882,210

  • 5 · Compensation of officers, directors and key employees

    total $108,000 · program services $43,200 · management and general $54,000 · fundraising $10,800

  • 7 · Other salaries and wages

    total $230,718 · program services $166,703 · management and general $53,475 · fundraising $10,540

  • 8 · Pension plan contributions

    total $12,222 · program services $7,574 · management and general $3,878 · fundraising $770

  • 9 · Other employee benefits

    total $29,424 · program services $18,234 · management and general $9,336 · fundraising $1,854

  • 10 · Payroll taxes

    total $29,317 · program services $18,168 · management and general $9,302 · fundraising $1,847

  • 11c · Fees: accounting

    total $25,839 · program services $16,012 · management and general $8,199 · fundraising $1,628

  • 11f · Fees: investment management

    total $108,706 · management and general $108,706

  • 11g · Fees: other

    total $9,676 · program services $5,996 · management and general $3,070 · fundraising $610

  • 12 · Advertising and promotion

    total $60,103 · program services $37,246 · management and general $19,071 · fundraising $3,786

  • 13 · Office expenses

    total $73,730 · program services $36,873 · management and general $33,109 · fundraising $3,748

  • 16 · Occupancy

    total $41,856 · program services $25,938 · management and general $13,281 · fundraising $2,637

  • 19 · Conferences, conventions and meetings

    total $9,739 · program services $6,035 · management and general $3,090 · fundraising $614

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $438,552 · program services $438,552

  • 24b · Other expenses: COMMUNITY ENGAGEMENT

    total $24,269 · program services $15,039 · management and general $7,701 · fundraising $1,529

  • 24c · Other expenses: OTHER EXPENSES

    total $4,086 · program services $2,532 · management and general $1,297 · fundraising $257

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $299,240 · end of year $384,369

  • 2 · Savings and temporary cash investments

    beginning of year $56,482 · end of year $56,583

  • 3 · Pledges and grants receivable

    beginning of year $12,859 · end of year $4,150

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,709 · end of year $6,198

  • 10a · Land, buildings and equipment: cost or other basis

    $11,657

  • 10b · Land, buildings and equipment: accumulated depreciation

    $11,657

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $39,771,675 · end of year $34,228,619

  • 15 · Other assets

    beginning of year $2,790 · end of year $2,790

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,913 · end of year $38,531

  • 18 · Grants payable

    beginning of year $87,095 · end of year $73,250

  • 25 · Other liabilities

    beginning of year $7,217,735 · end of year $6,785,372

  • 27 · Net assets without donor restrictions

    beginning of year $32,799,562 · end of year $27,781,406

  • 28 · Net assets with donor restrictions

    beginning of year $8,450 · end of year $4,150

Mission and programs · 2022

Mission

TO INSPIRE PHILANTHROPIC EFFORTS THAT ENRICH OUR COMMUNITIES.

  • 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.

    Expenses $3,720,312 · Grants $2,882,210 · Revenue $520,544

  • 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.

As filed on the 2022 return.

Listed in Part VII

  • Jim Morrell

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Mary Williams

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Katie Rains

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Janet McLane

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Josh Deck

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Teresa Loo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Zahid Chaudry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelsey Hulse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melanie Bakala

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Craig Ottavelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Stormans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charli Terminelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brent Dille

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Bradley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mindie Reule

    PRESIDENT AND CEO

    Total calculated
    $108,000
    From this org
    $108,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
22 September 2023
IRS schema version
2022v5.0
Source object
202302829349301435

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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