Form 990 for tax year 2022
Filed by STANWOOD-CAMANO AREA FOUNDATION.
Totals
- Total revenue
- $4,141,710
- Total expenses
- $1,143,291
- Contributions and grants received
- $3,895,176
- Grants paid
- $984,871
- Program service revenue
- $94,363
- Investment income
- $114,469
- Other revenue
- $37,702
- Total assets, end of year
- $7,417,677
- Total liabilities, end of year
- $121,005
- Net assets or fund balances, end of year
- $7,296,672
- Program services expenses (Part IX)
- $1,121,690
- Management and general expenses
- $16,617
- Fundraising expenses
- $4,984
- Program service expenses (Part III)
- $1,121,690
Program services were 98.1% 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
$3,895,176
-
2a · Program service revenue: ENDOWMENT MANAGEMENT FEES
total $34,220 · related or exempt $34,220
-
2b · Program service revenue: FISCAL AGENT FEE
total $50,113 · related or exempt $50,113
-
2c · Program service revenue: SCHOLARSHIP ADMIN FEES
total $10,030 · related or exempt $10,030
-
3 · Investment income
total $145,897 · excluded $145,897
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $3,667,495
-
7b · Less cost or other basis and sales expenses
securities $3,698,923
-
7c · Gain or loss
securities -$31,428
-
7d · Net gain or loss
total -$31,428 · related or exempt -$31,428
-
8a · Fundraising events: gross income
$41,166
-
8b · Fundraising events: direct expenses
$3,464
-
8c · Net income from fundraising events
total $37,702 · excluded $37,702
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $984,871 · program services $984,871
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $52,875 · program services $44,944 · management and general $5,287 · fundraising $2,644
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $25,883 · program services $25,624 · management and general $259
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $752 · program services $602 · management and general $150
-
13 · Office expenses
total $3,926 · program services $3,337 · management and general $393 · fundraising $196
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $23,402 · program services $19,891 · management and general $2,340 · fundraising $1,171
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,351 · program services $1,998 · management and general $235 · fundraising $118
-
23 · Insurance
total $4,523 · program services $3,845 · management and general $452 · fundraising $226
-
24a · Other expenses: ADMIN CONTRACT SERVICES
total $26,613 · program services $24,750 · management and general $1,863
-
24b · Other expenses: FURNITURE & EQUIPMENT
total $4,927 · program services $4,188 · management and general $493 · fundraising $246
-
24c · Other expenses: ADMINISTRATIVE COSTS PASS-THRU
total $4,765 · program services $3,812 · management and general $715 · fundraising $238
-
24d · Other expenses: CONTRACT LABOR
total $2,800 · management and general $2,800
-
24e · All other expenses
total $5,603 · program services $3,828 · management and general $1,630 · fundraising $145
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $15,054 · end of year $12,005
-
2 · Savings and temporary cash investments
beginning of year $631,043 · end of year $2,823,458
-
3 · Pledges and grants receivable
end of year $1,025
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $487
-
10a · Land, buildings and equipment: cost or other basis
$24,343
-
10b · Land, buildings and equipment: accumulated depreciation
$2,351
-
10c · Land, buildings and equipment, net
end of year $21,992
-
11 · Investments: publicly traded securities
beginning of year $4,168,405 · end of year $4,158,805
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $399,905
-
25 · Other liabilities
beginning of year $82,441 · end of year $121,005
-
27 · Net assets without donor restrictions
beginning of year $102,029 · end of year $248,341
-
28 · Net assets with donor restrictions
beginning of year $4,630,032 · end of year $7,048,331
Mission and programs · 2022
Mission
PHILANTHROPIC NEED OF GREATER STANWOOD & CAMANO ISLAND COMMUNITIES BY PROVIDING SCHOLARSHIPS FOR THE BENEFIT OF GRADUATING HIGH SCHOOL SENIORS; ADULT AND MUSIC SCHOLARSHIPS; COMMUNITY GRANTS AND EMERGENCY ASSISTANCE.
-
PROVIDE SCHOLARSHIPS AND PHILANTHROPIC ASSISTANCE TO MEMBERS OF THE COMMUNITY, PARTICULARY COLLEGE BOUND HIGH SCHOOL GRADUATES AND ADULTS PURSUING HIGHER EDUCATION. PROVIDE SUPPORT FOR EMERGENCY NEEDS OF MEMBERS OF THE COMMUNITY AND SUPPORT ORGANIZATIONS WHICH FURTHER THE ARTS AND CULTURE OF THE STANWOOD-CAMANO AREA.
Expenses $1,121,690 · Grants $984,871
As filed on the 2022 return.
Listed in Part VII
-
Beverly PronishanBEVERLY PRONISHAN
Executive Dir.
- Total calculated
- $52,875
- From this org
- $52,875
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
Elaina DulaneyELAINA DULANEY
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Bob ColeBOB COLE
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Ian GleadleIAN GLEADLE
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer SatterfieldJENNIFER SATTERFIELD
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Pat ClarkPAT CLARK
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dave HayesDAVE HAYES
President
- Total calculated
- $0
- Hours/week
- 1
-
Alex ThoreenALEX THOREEN
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Laura ByersLAURA BYERS
Past President
- Total calculated
- $0
- Hours/week
- 1
-
Chuck DurlandCHUCK DURLAND
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Don SchlagelDON SCHLAGEL
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jerome BurnettJEROME BURNETT
Treasurer
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333199349309718
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