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Nonprofiteer
← ORCAS ISLAND COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by ORCAS ISLAND COMMUNITY FOUNDATION.

Totals

Total revenue
$7,239,957
Total expenses
$4,688,115
Contributions and grants received
$6,716,489
Grants paid
$4,013,535
Program service revenue
$0
Investment income
$488,159
Other revenue
$35,309
Total assets, end of year
$27,333,743
Total liabilities, end of year
$70,903
Net assets or fund balances, end of year
$27,262,840
Program services expenses (Part IX)
$4,301,839
Management and general expenses
$316,698
Fundraising expenses
$69,578
Program service expenses (Part III)
$4,301,839

Program services were 91.8% 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

    $6,716,489

  • 1g · Noncash contributions included above

    $1,152,883

  • 3 · Investment income

    total $682,058 · excluded $682,058

  • 6a · Gross rents

    real property $35,309

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $35,309

  • 6d · Net rental income or loss

    total $35,309 · excluded $35,309

  • 7a · Gross sales of assets other than inventory

    securities $5,180,601

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

    securities $5,374,500

  • 7c · Gain or loss

    securities -$193,899

  • 7d · Net gain or loss

    total -$193,899 · excluded -$193,899

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,013,535 · program services $4,013,535

  • 5 · Compensation of officers, directors and key employees

    total $167,892 · program services $100,735 · management and general $41,973 · fundraising $25,184

  • 7 · Other salaries and wages

    total $122,368 · program services $73,421 · management and general $30,592 · fundraising $18,355

  • 8 · Pension plan contributions

    total $2,878 · program services $1,728 · management and general $719 · fundraising $431

  • 9 · Other employee benefits

    total $13,710 · program services $8,225 · management and general $3,428 · fundraising $2,057

  • 10 · Payroll taxes

    total $23,380 · program services $14,028 · management and general $5,845 · fundraising $3,507

  • 11c · Fees: accounting

    total $23,456 · program services $14,074 · management and general $5,864 · fundraising $3,518

  • 11f · Fees: investment management

    total $200,735 · management and general $200,735

  • 11g · Fees: other

    total $20,800 · program services $12,480 · management and general $5,200 · fundraising $3,120

  • 12 · Advertising and promotion

    total $525 · program services $315 · management and general $131 · fundraising $79

  • 13 · Office expenses

    total $13,913 · program services $8,348 · management and general $3,478 · fundraising $2,087

  • 14 · Information technology

    total $10,915 · program services $6,549 · management and general $2,729 · fundraising $1,637

  • 16 · Occupancy

    total $19,099 · program services $11,459 · management and general $4,775 · fundraising $2,865

  • 19 · Conferences, conventions and meetings

    total $1,944 · program services $1,166 · management and general $486 · fundraising $292

  • 22 · Depreciation, depletion and amortization

    total $30,137 · program services $18,082 · management and general $7,534 · fundraising $4,521

  • 23 · Insurance

    total $12,451 · program services $7,470 · management and general $3,113 · fundraising $1,868

  • 24a · Other expenses: DONOR APPRCIATION

    total $5,221 · program services $5,221

  • 24b · Other expenses: PROFESSIONAL DEVELOPMEN

    total $3,477 · program services $3,477

  • 24c · Other expenses: BANK AND MERCHANT FEES

    total $1,297 · program services $1,297

  • 24d · Other expenses: MISCELLANEOUS

    total $382 · program services $229 · management and general $96 · fundraising $57

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $994,630 · end of year $788,489

  • 4 · Accounts receivable

    beginning of year $662 · end of year $662

  • 7 · Other notes and loans receivable

    beginning of year $150,000 · end of year $150,000

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

    $1,193,412

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

    $164,153

  • 10c · Land, buildings and equipment, net

    beginning of year $1,059,396 · end of year $1,029,259

  • 11 · Investments: publicly traded securities

    beginning of year $21,096,471 · end of year $25,365,333

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,802 · end of year $0

  • 18 · Grants payable

    beginning of year $59,681 · end of year $21,596

  • 25 · Other liabilities

    beginning of year $43,389 · end of year $49,307

  • 27 · Net assets without donor restrictions

    beginning of year $5,369,692 · end of year $5,781,574

  • 28 · Net assets with donor restrictions

    beginning of year $17,824,595 · end of year $21,481,266

Mission and programs · 2023

Mission

FOSTERING PHILANTHROPY TO ENHANCE AND PRESERVE THE QUALITY OF LIFE ON ORCAS ISLAND.

  • GRANT MAKING - THE ORCAS ISLAND COMMUNITY FOUNDATION FACILITATED $4 MILLION IN GRANTS AND DISTRIBUTIONS IN 2023. THIS INCLUDED COMMUNITY GRANT AWARDS THROUGH THE TWO SUCCESSFUL GIVE ORCAS CAMPAIGNS. 775 DONORS CONTRIBUTED TO THE SPRING CAMPAIGN, DONATING $311,000 TO 29 NONPROFIT PROPOSALS. THE HOLIDAY CAMPAIGN GARNERED DONATIONS FROM 311 DONORS AND PROVIDED $151,000 IN GRANTS TO 17 PROPOSALS. ADDITIONAL GRANTS WERE MADE THROUGH DONOR ADVISED FUNDS AND NONPROFIT FUNDS UNDER MANAGEMENT.

    Expenses $4,013,535 · Grants $4,013,535

  • COMMUNITY LEADERSHIP - THE ORCAS ISLAND COMMUNITY FOUNDATION HOSTS MONTHLY MEETINGS FOR NONPROFIT AND GOVERNMENT LEADERSHIP TO SURFACE ISSUES, COLLABORATE ON SOLUTIONS, AND BUILD COMMUNITY RESILIENCE. OICF MAINTAINS A NONPROFIT DIRECTORY ONLINE AND HOSTS A LISTSERV TO CONNECT ORGANIZATIONS, VOLUNTEERS, AND DONORS. ADDITIONALLY, OICF OFFERS BOARD AND PROGRAM DEVELOPMENT WORKSHOPS AND TRAININGS. THE FOUNDATION ALSO OFFERS FREE USE OF THE COMMUNITY MEETING SPACE OPEN TO ALL COMMUNITY ORGANIZATIONS.

  • FIDUCIARY SERVICES - THE ORCAS ISLAND COMMUNITY FOUNDATION STEWARDS FUNDS FOR THE COMMUNITY INCLUDING DONOR ADVISED FUNDS, NON PROFIT FUNDS, BOTH RESTRICTED AND UNRESTRICTED, SCHOLARSHIP FUNDS AND FIELD OF INTEREST FUNDS. IN 2023, 15 NEW FUNDS WERE OPENED, BRINGING THE TOTAL UNDER MANAGEMENT TO 205. OICF OFFERS FOUR INVESTMENT SLEEVES- A MEDIUM TO LONG TERM FUND, A LOW FEE EXCHANGE TRADED FUND, A SHORT TERM FUND, AND THE BLUE MARBLE FUND- AN ESG FUND. ALL FUND ADVISORS HAVE SEAMLESS ACCESS TO THEIR FUND ACCOUNTING AND GRANT MAKING ONLINE.

    Expenses $288,304

As filed on the 2023 return.

Listed in Part VII

  • Angela Foster

    PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • Susan Alter

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Mary Clure

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Patricia Benton

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Lisa Steckley

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Anne Marie Shanks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Stephanie Devaan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Sarah Lyle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Paul Sheridan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Judy Scott

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Diane Berreth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Haley Cruz Winchell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Stephen Bentley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Brian Moss

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Susan Gudgell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Hilary Canty

    EXECUTIVE DIRECTOR

    Total calculated
    $167,893
    From this org
    $149,453
    From related orgs
    $0
    Other
    $18,440
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,453
    Bonus
    $0
    Other
    $0
    Deferred
    $4,050
    Nontaxable benefits
    $14,390
    Filer's total
    $167,893

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 · 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

The filer's explanations (Part III)

PART I, LINE 3
THE FULL BOARD REVIEWS, BENCHMARKS, AND APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION ANNUALLY.

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
18 September 2024
IRS schema version
2023v5.1
Source object
202412679349300321

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

The source document this was parsed from is served over the API, which is where bulk and document access live.