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Nonprofiteer
← GRAYS HARBOR COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by GRAYS HARBOR COMMUNITY FOUNDATION.

Totals

Total revenue
$1,560,760
Total expenses
$3,997,045
Contributions and grants received
$964,576
Grants paid
$3,305,686
Program service revenue
$0
Investment income
$596,184
Other revenue
$0
Total assets, end of year
$84,355,567
Total liabilities, end of year
$73,124
Net assets or fund balances, end of year
$84,282,443
Program services expenses (Part IX)
$3,860,114
Management and general expenses
$113,824
Fundraising expenses
$23,107
Program service expenses (Part III)
$3,860,114

Program services were 96.6% 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.

  • 1f · All other contributions, gifts and grants

    $964,576

  • 1g · Noncash contributions included above

    $102,474

  • 3 · Investment income

    total $2,583,095 · excluded $2,583,095

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

    securities $1,986,911

  • 7c · Gain or loss

    securities -$1,986,911

  • 7d · Net gain or loss

    total -$1,986,911 · excluded -$1,986,911

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,419,705 · program services $2,419,705

  • 2 · Grants to domestic individuals

    total $885,981 · program services $885,981

  • 5 · Compensation of officers, directors and key employees

    total $165,841 · program services $124,381 · management and general $33,168 · fundraising $8,292

  • 7 · Other salaries and wages

    total $252,060 · program services $189,045 · management and general $50,412 · fundraising $12,603

  • 8 · Pension plan contributions

    total $7,539 · program services $5,654 · management and general $1,508 · fundraising $377

  • 10 · Payroll taxes

    total $36,708 · program services $27,531 · management and general $7,342 · fundraising $1,835

  • 11b · Fees: legal

    total $561 · program services $561

  • 11c · Fees: accounting

    total $8,200 · program services $5,294 · management and general $2,906

  • 11f · Fees: investment management

    total $123,971 · program services $123,971

  • 11g · Fees: other

    total $3,380 · program services $3,380

  • 12 · Advertising and promotion

    total $5,976 · program services $5,976

  • 13 · Office expenses

    total $13,837 · program services $13,837

  • 14 · Information technology

    total $27,190 · program services $27,190

  • 16 · Occupancy

    total $18,325 · program services $13,464 · management and general $4,861

  • 17 · Travel

    total $526 · program services $526

  • 19 · Conferences, conventions and meetings

    total $10,740 · program services $6,220 · management and general $4,520

  • 22 · Depreciation, depletion and amortization

    total $4,889 · management and general $4,889

  • 23 · Insurance

    total $4,647 · program services $3,485 · management and general $1,162

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $3,913 · program services $3,913

  • 24b · Other expenses: BANK SERVICE CHARGE

    total $2,087 · management and general $2,087

  • 24c · Other expenses: PROPERTY TAX & APPRAISA

    total $969 · management and general $969

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,785,485 · end of year $338,736

  • 4 · Accounts receivable

    beginning of year $64,548 · end of year $39,697

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,901 · end of year $32,319

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

    $500,927

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

    $80,167

  • 10c · Land, buildings and equipment, net

    beginning of year $424,571 · end of year $420,760

  • 11 · Investments: publicly traded securities

    beginning of year $42,086,314 · end of year $41,389,601

  • 12 · Investments: other securities

    beginning of year $31,092,821 · end of year $42,134,454

  • 17 · Accounts payable and accrued expenses

    beginning of year $52,294 · end of year $73,124

  • 27 · Net assets without donor restrictions

    beginning of year $31,069,840 · end of year $34,674,423

  • 28 · Net assets with donor restrictions

    beginning of year $44,364,506 · end of year $49,608,020

Mission and programs · 2023

Mission

TO IMPROVE THE QUALITY OF LIFE IN ALL COMMUNITIES THROUGHOUT GRAYS HARBOR COUNTY, WASHINGTON. WE ACCOMPLISH THIS BY: 1. PROMOTING PHILANTHROPY AT ALL LEVELS OF GIVING. 2. SEEKING PERMANENT ENDOWMENT FUNDS AND OTHER CONTRIBUTIONS FROM A DIVERSE AND EVER-WIDENING GROUP TO HELP SUPPORT THE OPERATIONS OF THE ORGANIZATION AND TO GIVE OUT GRANTS AND SCHOLARSHIPS IN THE COMMUNITY.

Activities or mission (Part I)

TO IMPROVE THE QUALITY OF LIFE IN ALL COMMUNITIES THROUGHOUT GRAYS HARBOR COUNTY, WASHINGTON.

  • THROUGH OUR SEVEN GRANT CYCLES WE OFFER ANNUALLY, IN 2023, WE AWARDED 73 GRANTS TO 65 LOCAL NONPROFIT ORGANIZATIONS AND SCHOOL DISTRICTS. WE WERE ABLE TO LEVERAGE DONOR ADVISED AND DONOR DESIGNATED FUNDS TO AWARD GRANT REQUESTS THAT RANGED BETWEEN $1,000 - $100,000. WE SUPPORTED ORGANIZATIONS IN 12 OUT OF THE 13 COMMUNITIES IN GRAYS HARBOR TO BETTER ACHIEVE THEIR MISSION(S). WE ALSO AWARDED 365 SCHOLARSHIPS TO STUDENTS WHO RESIDE IN GRAYS HARBOR COUNTY OR GRADUATED FROM A GRAYS HARBOR COUNTY HIGH SCHOOL THROUGH OUR SCHOLARSHIP PROGRAM. OUR SCHOLARSHIPS ARE RENEWABLE AT VARIABLE AMOUNTS FOR AN ADDITIONAL 3 YEARS TO SUPPORT UNDERGRADUATE AND VOCATIONAL STUDIES. IN 2023, WE PROVIDED $164,000 IN FUNDING FOR GRAYS HARBOR ELEMENTARY SCHOOL FIELD TRIPS.

    Expenses $3,860,114 · Grants $3,305,686

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bill Stewart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Wes Peterson

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • George Donovan

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mike Stoney

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Todd Lindley

    EMERITUS MEMBERS

    Total calculated
    $0
    Hours/week
    1

  • Dr Donald Arima

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Molly Bold

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Ed Brewster

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Burnett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Judith Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stan Pinnick

    EMERITUS MEMBERS

    Total calculated
    $0
    Hours/week
    1

  • Randy Rust

    EMERITUS MEMBERS

    Total calculated
    $0
    Hours/week
    1

  • Lynn Green

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tim Martin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tom Quigg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mike Sand

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Skolrood

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mark Stensager

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rich Vroman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Maryann Welch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Eric Potts

    EXECUTIVE DIRECTOR

    Total calculated
    $165,841
    From this org
    $161,011
    From related orgs
    $0
    Other
    $4,830
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,011
    Bonus
    $0
    Other
    $0
    Deferred
    $4,830
    Nontaxable benefits
    $0
    Filer's total
    $165,841

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

Provenance

Return type
form_990
Tax year
2023
Filed
1 October 2024
IRS schema version
2023v5.1
Source object
202442779349300309

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

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