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Nonprofiteer
← CORVALLIS PUBLIC SCHOOLS FOUNDATION

Form 990 for tax year 2022

Filed by CORVALLIS PUBLIC SCHOOLS FOUNDATION.

Totals

Total revenue
$945,719
Total expenses
$740,957
Contributions and grants received
$896,570
Grants paid
$485,296
Program service revenue
$0
Investment income
$64,677
Other revenue
-$15,528
Total assets, end of year
$2,558,543
Total liabilities, end of year
$375
Net assets or fund balances, end of year
$2,558,168
Program services expenses (Part IX)
$530,809
Management and general expenses
$124,016
Fundraising expenses
$86,132
Program service expenses (Part III)
$530,809

Program services were 71.6% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $107,304

  • 1d · Related organizations

    $75,000

  • 1e · Government grants (contributions)

    $2,000

  • 1f · All other contributions, gifts and grants

    $712,266

  • 1g · Noncash contributions included above

    $14,944

  • 3 · Investment income

    total $73,796 · related or exempt $0 · unrelated business $0 · excluded $73,796

  • 4 · Income from investment of tax-exempt bond proceeds

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

  • 5 · Royalties

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $584,538 · other assets $0

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

    securities $593,657 · other assets $0

  • 7c · Gain or loss

    securities -$9,119 · other assets $0

  • 7d · Net gain or loss

    total -$9,119 · related or exempt $0 · unrelated business $0 · excluded -$9,119

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $107,304

  • 8b · Fundraising events: direct expenses

    $15,528

  • 8c · Net income from fundraising events

    total -$15,528 · unrelated business $0 · excluded -$15,528

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $328,688 · program services $328,688

  • 2 · Grants to domestic individuals

    total $156,608 · program services $156,608

  • 5 · Compensation of officers, directors and key employees

    total $74,705 · program services $28,388 · management and general $15,748 · fundraising $30,569

  • 7 · Other salaries and wages

    total $73,387 · program services $8,305 · management and general $30,969 · fundraising $34,113

  • 8 · Pension plan contributions

    total $2,531 · program services $573 · management and general $1,414 · fundraising $544

  • 9 · Other employee benefits

    total $4,773 · program services $1,050 · management and general $1,025 · fundraising $2,698

  • 10 · Payroll taxes

    total $14,536 · program services $3,557 · management and general $4,575 · fundraising $6,404

  • 11b · Fees: legal

    total $1,890 · management and general $1,890

  • 11c · Fees: accounting

    total $25,105 · management and general $25,105

  • 11g · Fees: other

    total $5,864 · program services $1,775 · management and general $2,626 · fundraising $1,463

  • 12 · Advertising and promotion

    total $15,017 · program services $1,865 · management and general $3,839 · fundraising $9,313

  • 13 · Office expenses

    total $2,640 · management and general $2,640

  • 14 · Information technology

    total $2,476 · management and general $1,508 · fundraising $968

  • 16 · Occupancy

    total $20,400 · management and general $20,400

  • 17 · Travel

    total $951 · management and general $951

  • 19 · Conferences, conventions and meetings

    total $2,891 · management and general $2,891

  • 23 · Insurance

    total $1,975 · management and general $1,975

  • 24a · Other expenses: Online Processing Fees

    total $3,730 · program services $0 · management and general $3,730 · fundraising $0

  • 24b · Other expenses: Dues and Fees

    total $1,846 · program services $0 · management and general $1,846 · fundraising $0

  • 24c · Other expenses: Publications

    total $517 · program services $0 · management and general $457 · fundraising $60

  • 24d · Other expenses: Volunteer Recognition

    total $427 · program services $0 · management and general $427 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250,775 · end of year $48,023

  • 2 · Savings and temporary cash investments

    beginning of year $242,013 · end of year $326,263

  • 11 · Investments: publicly traded securities

    beginning of year $1,760,437 · end of year $2,184,257

  • 17 · Accounts payable and accrued expenses

    end of year $375

  • 27 · Net assets without donor restrictions

    beginning of year $600,972 · end of year $599,504

  • 28 · Net assets with donor restrictions

    beginning of year $1,652,253 · end of year $1,958,664

Mission and programs · 2022

Mission

The mission of the Corvallis Public Schools Foundation is to support local schools and inspire learning for a lifetime. Our vision is that all students-regardless of race, culture, socioeconomic status, language, ability, gender, sexual orientation, or other identifiers-graduate as engaged community members, ready to contribute to their fullest potential and navigate the world's complexities.

  • School Programs Support: We managed more than 220 designated accounts for a variety of purposes, such as bike education, special education, outdoor school, high school career convention, graduation party, art, drama, extracurricular, foreign language, library, math, music, physical education, science, sports, technology, robotics, and welcome center for the school district's 13 public schools that enrolled 6,775 students and employed 1,221 teachers, support staff, and coaches.

    Expenses $232,392 · Grants $232,392

  • Wrap-Around Services and Support: We supported educational access for all students, especially those navigating poverty and homelessness, with grants totaling $133,633 to the Student Opportunity for Success and Family Support programs. We provided grants totaling $12,598 to students qualifying for free and reduced meals (about 2,200 students) with backpacks and clothing, shoes, health and hygiene supplies, eye exams, glasses, food, snacks, extracurricular activity fees, after-school care, and summer childcare and enrichment opportunities. The Family Support program provided grants totaling $121,035 of emergency support, rent money and transportation for 380 students and their families who were homeless as well as many more students/families who experienced food insecurity and financial hardship. The program provided the following during the year: $9,041 of rent assistance (which helped 30 families avoid eviction); over 200 emergency payments for utilities, phone bills, car repair, moving costs, eyeglasses, and child car seats; 2,000 grocery and gasoline gift cards totaling $26,280 to assist with food insecurity and transportation; 400 laundry gift cards; and $13,617 of scholarships given to students to attend the Boys & Girls Club after-school program. In addition, $45,448 was spent on the suicide-prevention program.

    Expenses $133,633 · Grants $133,633

  • Academic and Enrichment Grants: IMAGINE grants of $81,249 were used to encourage innovative ideas that advance equity and students' experiences in their school communities such as projects in art, music, physical education, dance, gardening, construction, science, aquaculture, environmental education and a multi-cultural festival; and $10,517 was used for YEA! (Youth Empowerment and Action) grants for innovative, student-driven projects. Another $5,000 grant was awarded to a high school's ceramic art program. Graduation Rate Intervention funds of $7,654 were used to fund summer classes for students at risk of not graduating from high school on time. Through our Golden Apple Awards program, we awarded four stipends totaling $3,300 to honor outstanding teachers and staff. Through our endowed scholarship program, we awarded scholarships totaling $19,675 to help 18 high school seniors pursue their post-secondary education.

    Expenses $129,317 · Grants $127,395

  • We provided $35,467 to support ongoing professional learning and collaboration in each school to disrupt systems and structures that have historically marginalized students and communities of color. Grant funding also paid for culturally responsive materials, leadership development for staff of color in our school district, expansion of the S.A.F.E. (Students Advocating for Equity) program at elementary schools, and the summer S.A.F.E. program. These projects served 6,775 students in the district's schools.

    Expenses $35,467 · Grants $35,467

As filed on the 2022 return.

Listed in Part VII

  • Angela Hibbard

    Executive Director

    Total calculated
    $18,375
    From this org
    $18,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Becca Gose

    Chair

    Total calculated
    $0
    Hours/week
    3

  • Nina Erlich-Williams

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Frank Heresco

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Salam Althahabi

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Wanda Arp

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Emily Barton

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kevin Dougherty

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mark Goheen

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mike Green

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mindy Hamlin

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Leslie Hammond

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Gretchen Morris

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Gwenda Rice

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mike Sheets

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rick Wallace

    Trustee

    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

  • Corvallis School District 509J

    $328,688

    To fulfill the Foundation's mission to support the local schools and inspire learning for a lifetime.

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.

  • Corvallis School District 509J

    IRC Section 115 · Grades K-12 Public Education · OR

Provenance

Return type
form_990
Tax year
2022
Filed
25 April 2024
IRS schema version
2022v5.0
Source object
202441179349300804

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