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← SOUTHWEST OREGON CHILDREN'S FOUNDATION

Form 990 for tax year 2022

Filed by SOUTHWEST OREGON CHILDREN'S FOUNDATION.

Totals

Total revenue
$688,399
Total expenses
$261,598
Contributions and grants received
$682,444
Grants paid
$120,568
Program service revenue
$0
Investment income
$5,955
Other revenue
$0
Total assets, end of year
$1,535,036
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,535,036
Program services expenses (Part IX)
$156,175
Management and general expenses
$105,423
Fundraising expenses
$0
Program service expenses (Part III)
$156,175

Program services were 59.7% 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.

  • 1e · Government grants (contributions)

    $100,000

  • 1f · All other contributions, gifts and grants

    $582,444

  • 3 · Investment income

    total $12,573 · excluded $12,573

  • 7a · Gross sales of assets other than inventory

    securities $112,702 · other assets $416,338

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

    securities $119,367 · other assets $416,291

  • 7c · Gain or loss

    securities -$6,665 · other assets $47

  • 7d · Net gain or loss

    total -$6,618 · excluded -$6,618

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $31,068 · program services $31,068

  • 2 · Grants to domestic individuals

    total $89,500 · program services $89,500

  • 5 · Compensation of officers, directors and key employees

    total $24,000 · program services $24,000

  • 7 · Other salaries and wages

    total $6,892 · management and general $6,892

  • 10 · Payroll taxes

    total $14,940 · program services $11,607 · management and general $3,333

  • 11c · Fees: accounting

    total $3,190 · management and general $3,190

  • 11f · Fees: investment management

    total $73,370 · management and general $73,370

  • 12 · Advertising and promotion

    total $12,435 · management and general $12,435

  • 13 · Office expenses

    total $934 · management and general $934

  • 14 · Information technology

    total $344 · management and general $344

  • 16 · Occupancy

    total $3,000 · management and general $3,000

  • 23 · Insurance

    total $1,537 · management and general $1,537

  • 24a · Other expenses: OTHER TAXES AND LICENSE

    total $338 · management and general $338

  • 24b · Other expenses: BUSINESS REGISTRATION F

    total $50 · management and general $50

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $92,986 · end of year $141,399

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $415,000 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $571,970 · end of year $1,356,166

  • 15 · Other assets

    beginning of year $49,763 · end of year $37,471

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,129,719 · end of year $1,535,036

Mission and programs · 2022

Mission

THE SOUTHWEST OREGON CHILDREN'S FOUNDATION IS A 501(C)(3) FOUNDED IN 2018 WITH THE GOAL OF FUNDING INNOVATIVE PROGRAMS THAT OFFER STUDENTS UNIQUE DEPTH AND BREADTH OF EDUCATIONAL EXPERIENCES. IN ADDITION TO FUNDING LOCAL PROGRAMS, THE FOUNDATION HAS ESTABLISHED SCHOLARSHIP FUNDS TO HELP LOCAL STUDENTS PURSUE POST-SECONDARY EDUCATION AT THE INSTITUTION OF THEIR CHOICE.

Activities or mission (Part I)

TO FUND INNOVATIVE PROGRAMS THAT OFFER STUDENTS UNIQUE DEPTH AND BREADTH TO THEIR EDUCATIONAL EXPERIENCES.

  • FUNDED LOCAL PROGRAMS AND ESTABLISHED SCHOLARSHIP FUNDS TO HELP LOCAL STUDENTS PURSUE POST-SECONDARY EDUCATION AT THE INSTITUTION OF THEIR CHOICE. TO DATE THE FOUNDATION HAS INVESTED OVER $450,000 IN THE COMMUNITIES OF SOUTHWESTERN OREGON.

    Expenses $156,175 · Grants $120,568

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David B Smith

    DEVELOPMENT DIRECTOR

    Total calculated
    $24,000
    From this org
    $24,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    22.5

  • Tim Tuttle

    PRESIDENT

    Total calculated
    $0
    Hours/week
    7

  • Jeri Tuttle

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Leslie Smith

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    15

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

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202323109349302607

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