Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $254,375

• 1e · Government grants (contributions)

  $4,011,837

• 1f · All other contributions, gifts and grants

  $1,219,751

• 1g · Noncash contributions included above

  $105,401

• 3 · Investment income

  total $1,025,798 · excluded $1,025,798

• 7a · Gross sales of assets other than inventory

  securities $6,612,651

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

  securities $6,612,651

• 7c · Gain or loss

  securities $0

• 8a · Fundraising events: gross income

  $16,205

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

  $254,375

• 8b · Fundraising events: direct expenses

  $76,002

• 8c · Net income from fundraising events

  total -$59,797 · excluded -$59,797

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,183,841 · program services $3,183,841

• 2 · Grants to domestic individuals

  total $2,515,495 · program services $2,515,495

• 11c · Fees: accounting

  total $22,500 · management and general $22,500

• 11f · Fees: investment management

  total $78,188 · management and general $78,188

• 11g · Fees: other

  total $629,837 · program services $131,984 · management and general $199,734 · fundraising $298,119

• 12 · Advertising and promotion

  total $1,511 · program services $306 · management and general $512 · fundraising $693

• 13 · Office expenses

  total $27,245 · program services $128 · management and general $26,827 · fundraising $290

• 14 · Information technology

  total $57,808 · management and general $57,808

• 17 · Travel

  total $2,856 · program services $608 · management and general $871 · fundraising $1,377

• 19 · Conferences, conventions and meetings

  total $32,816 · management and general $32,816

• 23 · Insurance

  total $17,991 · management and general $17,991

• 24a · Other expenses: ANNUAL FUND AND OTHER F

  total $52,911 · fundraising $52,911

• 24b · Other expenses: SCHOLARSHIP RECEPTION

  total $41,703 · fundraising $41,703

• 24e · All other expenses

  total $4,168 · program services $886 · management and general $1,272 · fundraising $2,010

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $122,635 · end of year $303,106

• 2 · Savings and temporary cash investments

  beginning of year $5,928,309 · end of year $5,983,393

• 3 · Pledges and grants receivable

  beginning of year $2,065,045 · end of year $1,578,201

• 4 · Accounts receivable

  beginning of year $3,831 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,615 · end of year $54,898

• 11 · Investments: publicly traded securities

  beginning of year $22,176,675 · end of year $24,564,675

• 17 · Accounts payable and accrued expenses

  beginning of year $1,133,341 · end of year $1,435,734

• 19 · Deferred revenue

  beginning of year $0 · end of year $64,200

• 25 · Other liabilities

  beginning of year $66,983 · end of year $67,631

• 27 · Net assets without donor restrictions

  beginning of year $2,065,180 · end of year $2,506,823

• 28 · Net assets with donor restrictions

  beginning of year $27,036,606 · end of year $28,409,885

The filer's explanations (Part III)

SCHEDULE J, PART II:

THE EXECUTIVE DIRECTOR'S COMPENSATION REPORTED IN PART II WAS PAID BY PORTLAND COMMUNITY COLLEGE FOR SERVICES RENDERED TO THE FOUNDATION. IT DID NOT PAY THE EXECUTIVE DIRECTOR DIRECTLY, BUT IN ACCORDANCE WITH IRS FORM 990 INSTRUCTIONS, HAS REPORTED THE COMPENSATION AS IF PAID BY THE FOUNDATION.