Form 990 for tax year 2024
Filed by HILLSBORO COMMUNITY FOUNDATION INC.
Totals
- Total revenue
- $1,264,737
- Total expenses
- $899,441
- Contributions and grants received
- $1,232,824
- Grants paid
- $713,752
- Program service revenue
- $0
- Investment income
- $28,913
- Other revenue
- $3,000
- Total assets, end of year
- $7,275,191
- Total liabilities, end of year
- $3,359
- Net assets or fund balances, end of year
- $7,271,832
- Program services expenses (Part IX)
- $750,052
- Management and general expenses
- $149,389
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $750,052
Program services were 83.4% 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.
-
1e · Government grants (contributions)
$266,811
-
1f · All other contributions, gifts and grants
$966,013
-
3 · Investment income
total $28,913 · excluded $28,913
-
11a · Other revenue: OTHER INCOME
total $3,000 · excluded $3,000
-
11e · Other revenue, total
$3,000
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $615,252 · program services $615,252
-
2 · Grants to domestic individuals
total $98,500 · program services $98,500
-
5 · Compensation of officers, directors and key employees
total $91,831 · program services $18,366 · management and general $73,465
-
7 · Other salaries and wages
total $11,248 · program services $2,250 · management and general $8,998
-
8 · Pension plan contributions
total $1,256 · program services $251 · management and general $1,005
-
10 · Payroll taxes
total $11,946 · program services $2,389 · management and general $9,557
-
11g · Fees: other
total $16,760 · program services $2,514 · management and general $14,246
-
13 · Office expenses
total $52,648 · program services $10,530 · management and general $42,118
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $362,933 · end of year $315,277
-
11 · Investments: publicly traded securities
beginning of year $1,026,545 · end of year $980,590
-
15 · Other assets
beginning of year $4,909,129 · end of year $5,979,324
-
17 · Accounts payable and accrued expenses
beginning of year $759 · end of year $3,359
-
27 · Net assets without donor restrictions
beginning of year $427,114 · end of year $477,067
-
28 · Net assets with donor restrictions
beginning of year $5,870,734 · end of year $6,794,765
Mission and programs · 2024
Mission
THE HILLSBORO COMMUNITY FOUNDATION ENHANCES THE LIVABILITY AND QUALITY OF LIFE IN OUR COMMUNITY BY PROMOTING AND FACILITATING CHARITABLE GIVING TO ADDRESS LOCAL NEEDS.
-
THE HILLSBORO COMMUNITY FOUNDATION (HCF) ADVANCED ITS MISSION IN 20242025 BY STRENGTHENING COMMUNITY PARTNERSHIPS AND EXPANDING CHARITABLE INVESTMENTS THAT ENHANCE QUALITY OF LIFE IN HILLSBORO, OREGON. TOTAL ASSETS INCREASED TO APPROXIMATELY 6.3 MILLION IN FY2024, UP FROM 5.6 MILLION IN FY2023AN INCREASE OF ROUGHLY 650,000 (11.5%). ANNUAL CONTRIBUTIONS TOTALED APPROXIMATELY 1.01 MILLION, REFLECTING CONTINUED GROWTH IN PHILANTHROPIC SUPPORT. HCF DISTRIBUTED 661,881 IN GRANTS, SCHOLARSHIPS, AND COMMUNITY INITIATIVES, INCLUDING 98,500 FOR STUDENT SCHOLARSHIPS AND 92,635 IN ARTS AND CULTURE GRANTS TO SUPPORT LOCAL ORGANIZATIONS. OVER 400,000 IN DONOR-ADVISED FUNDS SUPPORTED PROJECTS SUCH AS AN ALL-INCLUSIVE PLAYGROUND, YOUTH SPORTS PROGRAMS, PUBLIC SAFETY EFFORTS, SENIOR SERVICES, AND ENVIRONMENTAL PRESERVATION. THROUGH THESE EFFORTS, HCF CONTINUES TO SERVE AS A KEY PHILANTHROPIC PARTNER, LEVERAGING DONOR RESOURCES TO ADDRESS COMMUNITY NEEDS AND PROMOTE LONG-TERM IMPACT.
Expenses $750,052 · Grants $713,752
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rick ZurowRICK ZUROW
EXECUTIVE DI
- Total calculated
- $40,944
- From this org
- $40,944
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Cristina BowermanCRISTINA BOWERMAN
EXECUTIVE DI
- Total calculated
- $53,620
- From this org
- $50,887
- From related orgs
- $0
- Other
- $2,733
- Hours/week
- 40
-
Funda KelsayFUNDA KELSAY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Armando JimenezARMANDO JIMENEZ
PRESIDENT-EL
- Total calculated
- $0
- Hours/week
- 1
-
Mary OrdalMARY ORDAL
IMMEDIATE PA
- Total calculated
- $0
- Hours/week
- 1
-
Margaret GarzaMARGARET GARZA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jerry WilleyJERRY WILLEY
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Steve CallawaySTEVE CALLAWAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob GroverBOB GROVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fred JohnsonFRED JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew McKeanMATTHEW MCKEAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jerralynn NessJERRALYNN NESS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deanna PalmDEANNA PALM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Van RadenJEFF VAN RADEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Veronica VazquezVERONICA VAZQUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
-
CITY OF HILLSBORO
$266,811
PLAYGROUNDS & ARTS
-
PROGRAM SUPPORT
-
SAR VAN
-
$10,000
PROGRAM SUPPORT
-
$6,500
FIELD IMPROVEMENT
-
PROGRAM SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2025
- IRS schema version
- 2024v5.0
- Source object
- 202601359349314755
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