Form 990 for tax year 2024
Filed by COMMUNITY FOUNDATION OF SOUTH PUGET SOUND.
Totals
- Total revenue
- $18,466,883
- Total expenses
- $5,586,861
- Contributions and grants received
- $6,760,550
- Grants paid
- $4,145,680
- Program service revenue
- $609,020
- Investment income
- $11,097,290
- Other revenue
- $23
- Total assets, end of year
- $44,097,065
- Total liabilities, end of year
- $7,504,979
- Net assets or fund balances, end of year
- $36,592,086
- Program services expenses (Part IX)
- $5,152,248
- Management and general expenses
- $367,249
- Fundraising expenses
- $67,364
- Program service expenses (Part III)
- $5,152,248
Program services were 92.2% 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
$6,760,550
-
1g · Noncash contributions included above
$163,238
-
2a · Program service revenue: Administrative Fees
total $609,020 · related or exempt $609,020
-
3 · Investment income
total $1,400,491 · excluded $1,400,491
-
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 $45,445,143
-
7b · Less cost or other basis and sales expenses
securities $35,748,344
-
7c · Gain or loss
securities $9,696,799
-
7d · Net gain or loss
total $9,696,799 · excluded $9,696,799
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Miscellaneous
total $23 · excluded $23
-
11e · Other revenue, total
$23
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,145,680 · program services $4,145,680
-
2 · Grants to domestic individuals
total $0
-
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 $137,600 · program services $55,040 · management and general $68,800 · fundraising $13,760
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $292,863 · program services $202,002 · management and general $68,696 · fundraising $22,165
-
8 · Pension plan contributions
total $7,719 · program services $5,927 · management and general $1,258 · fundraising $534
-
9 · Other employee benefits
total $32,555 · program services $20,698 · management and general $9,246 · fundraising $2,611
-
10 · Payroll taxes
total $35,657 · program services $21,486 · management and general $11,211 · fundraising $2,960
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $28,974 · program services $22,450 · management and general $6,524
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $112,081 · management and general $112,081
-
11g · Fees: other
total $13,594 · program services $3,202 · management and general $6,859 · fundraising $3,533
-
12 · Advertising and promotion
total $14,201 · program services $8,557 · management and general $4,465 · fundraising $1,179
-
13 · Office expenses
total $61,320 · program services $36,951 · management and general $19,279 · fundraising $5,090
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $43,530 · program services $26,231 · management and general $13,686 · fundraising $3,613
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $9,544 · program services $5,751 · management and general $3,001 · fundraising $792
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Fund Admin Fees
total $517,497 · program services $517,497
-
24b · Other expenses: Community Engagement
total $130,554 · program services $78,672 · management and general $41,046 · fundraising $10,836
-
24c · Other expenses: Other
total $3,492 · program services $2,104 · management and general $1,097 · fundraising $291
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $459,951 · end of year $25,159
-
2 · Savings and temporary cash investments
beginning of year $56,610 · end of year $647,051
-
3 · Pledges and grants receivable
beginning of year $4,100 · end of year $0
-
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
beginning of year $4,701 · end of year $3,934
-
10a · Land, buildings and equipment: cost or other basis
$11,657
-
10b · Land, buildings and equipment: accumulated depreciation
$11,657
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $38,224,555 · end of year $43,418,131
-
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
beginning of year $2,790 · end of year $2,790
-
17 · Accounts payable and accrued expenses
beginning of year $26,238 · end of year $42,519
-
18 · Grants payable
beginning of year $74,333 · end of year $9,667
-
25 · Other liabilities
beginning of year $7,319,414 · end of year $7,452,793
-
27 · Net assets without donor restrictions
beginning of year $31,328,622 · end of year $36,592,086
-
28 · Net assets with donor restrictions
beginning of year $4,100
Mission and programs · 2024
Mission
To grow a lasting culture of generosity and well-being in the South Puget Sound through connection, leadership, and investment.
-
The Foundation inspires philanthropic efforts to make the South Puget Sound region a stronger, more vibrant community for all. Individuals, corporations, and nonprofit agencies contribute to funds that support a wide range of organizations that promote education, cultural, health, social, and civic development. As the only local organization designed to build permanent charitable resources and inspire philanthropic efforts to broadly improve the health and wellbeing of our region, the Foundation demonstrates a place-based focus on communities in Thurston, Mason and Lewis counties. Community Foundation staff and volunteers bring deep local knowledge of area nonprofits and community issues, grantmaking expertise, and an understanding of effective philanthropy when advising donors.
Expenses $5,152,248 · Grants $4,145,680 · Revenue $609,020
-
The Foundation aims to support a wide range of nonprofit activities - from the arts to basic needs to the environment - as well as to fund organizations that are tackling tough challenges and strengthening what's working in our communities. Beyond those basic measures, the Foundation identifies and funds critical community needs and opportunities through its community engagement efforts. This scope of its mission reflects the Foundation's ability to raise charitable funds and make grants and scholarships for the benefit of the South Puget Sound region.
As filed on the 2024 return.
Listed in Part VII
-
Mindie Reule
President & CEO
- Total calculated
- $137,600
- From this org
- $125,971
- From related orgs
- $0
- Other
- $11,629
- Hours/week
- 40
-
Teresa Loo
Chair
- Total calculated
- $0
- Hours/week
- 2
-
Katie Rains
Past Chair
- Total calculated
- $0
- Hours/week
- 2
-
Julie Cooke
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Renee Radcliff Sinclair
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Josh Deck
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Robert Bradley
Director
- Total calculated
- $0
- Hours/week
- 1
-
Zahid Chaudry
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dan Jones
Director
- Total calculated
- $0
- Hours/week
- 1
-
Craig Ottavelli
Director
- Total calculated
- $0
- Hours/week
- 1
-
Todd Shobert
Director
- Total calculated
- $0
- Hours/week
- 1
-
Charlie Terminelli
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Stormans
Director
- Total calculated
- $0
- Hours/week
- 1
-
Katya Miltimore
Director
- Total calculated
- $0
- Hours/week
- 1
-
Nicole Miller
Director
- Total calculated
- $0
- Hours/week
- 1
-
Courtney Prothero
Director
- Total calculated
- $0
- Hours/week
- 1
-
Alejandro Sanchez
Director
- Total calculated
- $0
- Hours/week
- 1
-
Austin Ramirez
Director
- 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
-
$320,928
Operating
-
$254,358
Operating
-
$239,994
Operating
-
$163,734
Operating
-
$152,973
Operating
-
$136,298
Operating
-
$113,390
Operating
-
$95,657
Operating
-
$75,922
Operating
-
$75,011
Operating
The 10 largest by cash amount. The API serves every itemized grant.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
LLC for receiving and hold for sale · WA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202542909349300344
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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