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← Robert J and Leona DeArmond Public Foundation

Form 990 for tax year 2023

Filed by Robert J and Leona DeArmond Public Foundation.

Totals

Total revenue
$803,519
Total expenses
$806,273
Contributions and grants received
$4,421
Grants paid
$556,822
Program service revenue
$0
Investment income
$799,098
Other revenue
$0
Total assets, end of year
$15,246,080
Total liabilities, end of year
$4,521,204
Net assets or fund balances, end of year
$10,724,876
Program services expenses (Part IX)
$556,822
Management and general expenses
$249,451
Fundraising expenses
$0
Program service expenses (Part III)
$556,822

Program services were 69.1% 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

    $4,421

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $447,547 · excluded $447,547

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $6,094,195

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

    securities $5,742,644

  • 7c · Gain or loss

    securities $351,551 · other assets $0

  • 7d · Net gain or loss

    total $351,551 · excluded $351,551

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $556,822 · program services $556,822

  • 11b · Fees: legal

    total $13,775 · management and general $13,775

  • 11f · Fees: investment management

    total $75,385 · management and general $75,385

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: OCF Administrative Fee

    total $158,354 · management and general $158,354

  • 24b · Other expenses: State Fees

    total $1,937 · management and general $1,937

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $44,095 · end of year $411,594

  • 3 · Pledges and grants receivable

    beginning of year $5,000,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $27,778

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $14,802,858 · end of year $14,246,981

  • 12 · Investments: other securities

    beginning of year $571,501 · end of year $559,727

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,128 · end of year $49,167

  • 18 · Grants payable

    beginning of year $5,549,421 · end of year $4,472,037

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $14,866,905 · end of year $5,724,876

  • 28 · Net assets with donor restrictions

    end of year $5,000,000

Mission and programs · 2023

Mission

The Robert J. and Leona DeArmond Public Foundation is a supporting organization of The Oregon Community Foundation (OCF). The Foundation makes grants that further the mission of OCF which is to improve lives for all Oregonians through the power of philanthropy.

  • The Foundation makes grants that further the mission of OCF which is to improve lives for all Oregonians through the power of philanthropy.

    Expenses $556,822 · Grants $556,822

As filed on the 2023 return.

Listed in Part VII

  • Erica D Daley

    Trustee/Treasurer

    Total calculated
    $415,281
    From this org
    $0
    From related orgs
    $339,869
    Other
    $75,412
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,057 related
    Bonus
    $0
    Other
    $0 + $1,812 related
    Deferred
    $0 + $35,912 related
    Nontaxable benefits
    $0 + $39,500 related
    Filer's total
    $0 + $415,281 related

  • Max Williams

    Trustee/Secretary

    Total calculated
    $231,286
    From this org
    $0
    From related orgs
    $216,047
    Other
    $15,239
    Hours/week
    0.3 + 11.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $215,451 related
    Bonus
    $0
    Other
    $0 + $596 related
    Deferred
    $0 + $13,397 related
    Nontaxable benefits
    $0 + $1,842 related
    Filer's total
    $0 + $231,286 related

  • Peggy Jahnke

    President

    Total calculated
    $0
    Hours/week
    1

  • Curt Burrill

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • David Michael DeArmond

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Lyn Hennion

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Reginald Breeze

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ray Klinke

    Assistant Treasurer

    Total calculated
    $198,680
    From this org
    $0
    From related orgs
    $145,830
    Other
    $52,850
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $144,534 related
    Bonus
    $0
    Other
    $0 + $1,296 related
    Deferred
    $0 + $14,999 related
    Nontaxable benefits
    $0 + $37,851 related
    Filer's total
    $0 + $198,680 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202433109349303913

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