Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $33,798

• 1f · All other contributions, gifts and grants

  $463,414

• 3 · Investment income

  total $158,103 · excluded $158,103

• 8a · Fundraising events: gross income

  $5,580

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

  $33,798

• 8b · Fundraising events: direct expenses

  $5,738

• 8c · Net income from fundraising events

  total -$158 · excluded -$158

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $54,648 · program services $54,648

• 2 · Grants to domestic individuals

  total $293,929 · program services $293,929

• 7 · Other salaries and wages

  total $34,304 · program services $22,309 · management and general $5,187 · fundraising $6,808

• 8 · Pension plan contributions

  total $7,829 · program services $5,091 · management and general $1,184 · fundraising $1,554

• 9 · Other employee benefits

  total $253 · program services $165 · management and general $38 · fundraising $50

• 10 · Payroll taxes

  total $2,625 · program services $1,707 · management and general $397 · fundraising $521

• 11c · Fees: accounting

  total $19,983 · management and general $19,983

• 11f · Fees: investment management

  total $26,899 · management and general $26,899

• 12 · Advertising and promotion

  total $422 · program services $148 · management and general $184 · fundraising $90

• 13 · Office expenses

  total $6,300 · program services $2,211 · management and general $2,743 · fundraising $1,346

• 14 · Information technology

  total $6,000 · management and general $6,000

• 17 · Travel

  total $947 · management and general $947

• 23 · Insurance

  total $2,347 · management and general $2,347

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $169,324 · end of year $105,076

• 4 · Accounts receivable

  end of year $110,612

• 11 · Investments: publicly traded securities

  beginning of year $5,263,431 · end of year $5,038,250

• 12 · Investments: other securities

  end of year $714,127

• 15 · Other assets

  beginning of year $10,350 · end of year $10,350

• 17 · Accounts payable and accrued expenses

  beginning of year $73,519 · end of year $76,510

• 27 · Net assets without donor restrictions

  beginning of year $1,938,151 · end of year $2,321,968

• 28 · Net assets with donor restrictions

  beginning of year $3,431,435 · end of year $3,579,937

The filer's explanations (Part III)

SCHEDULE J, PART II

ELISE HAMNER IS A FULL-TIME EMPLOYEE OF THE SOUTHWESTERN OREGON COMMUNITY COLLEGE (THE COLLEGE), AN UNRELATED ORGANIZATION AS DEFINED IN THE FORM 990. MS. HAMNER SPENDS 50% OF HER TIME SERVING AS THE EXECUTIVE DIRECTOR OF THE FOUNDATION. ACCORDING TO THE OPERATING AGREEMENT BETWEEN THE COLLEGE AND THE FOUNDATION, THE COLLEGE AGREED TO FULLY FUND THE FOUNDATION'S EXECUTIVE DIRECTOR SALARY AND BENEFITS INDEFINITELY OR UNTIL SUCH TIME BOTH PARTIES MUTUALLY AGREE TO RENEGOTIATE. THE VALUE OF SUCH SERVICES TO THE FOUNDATION TOTALED $68,130 FOR THE FISCAL YEAR ENDED IN JUNE 30, 2023 ARE REPORTED AS IN-KIND CONTRIBUTIONS IN THE FOUNDATIONS FINANCIAL STATEMENTS, HOWEVER ARE EXCLUDED FOR 990 REPORTING PURPOSES.