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← OCF JOSEPH E WESTON PUBLIC FOUNDATION

Form 990 for tax year 2022

Filed by OCF JOSEPH E WESTON PUBLIC FOUNDATION.

Totals

Total revenue
$42,101,956
Total expenses
$26,428,672
Contributions and grants received
$35,418,441
Grants paid
$24,451,903
Program service revenue
$0
Investment income
$2,683
Other revenue
$6,680,832
Total assets, end of year
$573,347,552
Total liabilities, end of year
$2,739,551
Net assets or fund balances, end of year
$570,608,001
Program services expenses (Part IX)
$24,720,743
Management and general expenses
$1,707,929
Fundraising expenses
$0
Program service expenses (Part III)
$24,720,743

Program services were 93.5% 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.

  • 1d · Related organizations

    $31,850,000

  • 1f · All other contributions, gifts and grants

    $3,568,441

  • 1g · Noncash contributions included above

    $34,092,259

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,683 · excluded $2,683

  • 6a · Gross rents

    real property $6,680,832

  • 6c · Rental income or loss

    real property $6,680,832 · personal property $0

  • 6d · Net rental income or loss

    total $6,680,832 · unrelated business $5,829,198 · excluded $851,634

  • 7a · Gross sales of assets other than inventory

    other assets $31,850,000

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

    other assets $31,850,000

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,759,903 · program services $22,759,903

  • 2 · Grants to domestic individuals

    total $1,692,000 · program services $1,692,000

  • 11b · Fees: legal

    total $6,412 · management and general $6,412

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: State and Federal Taxes

    total $1,322,827 · management and general $1,322,827

  • 24b · Other expenses: Real Estate Expenses

    total $295,065 · management and general $295,065

  • 24c · Other expenses: OCF Administrative Fee

    total $163,794 · program services $81,897 · management and general $81,897

  • 24d · Other expenses: Scholarship Fee

    total $185,600 · program services $185,600

  • 24e · All other expenses

    total $3,071 · program services $1,343 · management and general $1,728 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,144,572 · end of year $4,882,732

  • 2 · Savings and temporary cash investments

    beginning of year $5,725,977 · end of year $6,732,817

  • 3 · Pledges and grants receivable

    end of year $1,219,182

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

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

    $134,007,948

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $132,236,762 · end of year $134,007,948

  • 12 · Investments: other securities

    beginning of year $407,695,483 · end of year $426,504,873

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,814 · end of year $5,801

  • 18 · Grants payable

    beginning of year $2,261,000 · end of year $2,733,750

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $548,538,980 · end of year $570,608,001

Mission and programs · 2022

Mission

The OCF Joseph E. Weston Public Foundation (the Foundation) is a supporting organization of The Oregon Community Foundation (OCF). The Foundation makes grants that further the mission of OCF which is to improve lives for all Oregonians through the power of philanthropy.

Activities or mission (Part I)

The OCF Joseph E. Weston Public Foundation (the Foundation) is a supporting organization of The Oregon Community Foundation (OCF). The Foundation makes grants that further the mission of OCF which is to improve life in Oregon and to promote effective philanthropy.

  • The Weston Foundation provides grants and scholarships across Oregon and SW Washington. The Weston Foundation makes grants to support children, the working poor, people with disabilities, senior citizens and the homeless. The Foundation awards scholarships to students at Oregon private elementary/middle/high schools and students at Oregon private and public colleges. In 2022, the foundation awarded grants to 530 organizations; 576 elementary/middle/high school students received scholarships and 421 college students received scholarships.

    Expenses $24,720,743 · Grants $24,451,903

As filed on the 2022 return.

Listed in Part VII

  • George Passadore

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Joseph E Weston

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Cornett

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Max Williams

    ASSISTANT SECRETARY

    Total calculated
    $548,820
    From this org
    $0
    From related orgs
    $484,604
    Other
    $64,216
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $462,298 related
    Bonus
    $0
    Other
    $0 + $22,306 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $33,716 related
    Filer's total
    $0 + $548,820 related

  • D Allen Bauman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Weston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sue Miller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tiffany Weston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tom Fink

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Erica D Daley

    ASSISTANT TREASURER

    Total calculated
    $387,044
    From this org
    $0
    From related orgs
    $324,932
    Other
    $62,112
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $323,126 related
    Bonus
    $0
    Other
    $0 + $1,806 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $31,612 related
    Filer's total
    $0 + $387,044 related

  • Greg Chaille

    Officer EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Ray Klinke

    ASSISTANT SECRETARY

    Total calculated
    $190,730
    From this org
    $0
    From related orgs
    $141,949
    Other
    $48,781
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,298 related
    Bonus
    $0
    Other
    $0 + $651 related
    Deferred
    $0 + $14,238 related
    Nontaxable benefits
    $0 + $34,543 related
    Filer's total
    $0 + $190,730 related

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

None.

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)

Schedule J, Part I, Line 3 PROCESS FOR DETERMINING COMPENSATION
Compensation for officers is paid by the related organization. The related organization (OCF) has used independent compensation consultants, Form 990 of other organizations, compensation survey or study, and approval by the board or compensation committee. The board of directors sets the salary of the foundation's CEO. The Board reviews the CEO's salary annually. The board reviews salaries and benefits of similar positions nationally and locally. Information reviewed includes survey data and Forms 990 of similar organizations. The Board's process and decision regarding CEO's salary is documented in the Board minutes. During the year, a comprehensive compensation review of the CEO's salary was performed and shared with the executive committee of the board.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • THE OREGON COMMUNITY FOUNDATION

    501(c)(3) · MAKE GRANTS TO IMPROVE LIFE IN OREGON · OR

    Directly controlled by NA

  • Wieden Family Public Foundation

    501(c)(3) · Makes grants to improve life in Oregon · OR

    Directly controlled by The Oregon Community Foundation

  • Sid and Karen DeBoer Foundation

    501(c)(3) · Makes grants to improve life in Oregon · OR

    Directly controlled by The Oregon Community Foundation

  • Peter & Julie Stott Foundation

    501(c)(3) · Makes grants to improve life in Oregon · OR

    Directly controlled by The Oregon community Foundation

  • Robert J & Leona DeArmond Public Foundation

    501(c)(3) · Makes grants to improve life in Oregon · OR

    Directly controlled by The Oregon Community Foundation

  • The Gray Family Foundation

    501(c)(3) · Makes grants to improve life in Oregon · OR

    Directly controlled by The Oregon Community Foundation

  • The Oregon Community Foundation Trust

    501(c)(3) · Receive/administrate closely-held gifts of OCF · OR

    Directly controlled by The Oregon Community Foundation

  • John & Ginger Niemeyer Foundation

    501(c)(3) · Makes grants to improve life in Oregon · OR

    Directly controlled by The Oregon Community Foundation

  • Hollis Foundation

    501(c)(3) · Makes grants to improve life in Oregon · OR

    Directly controlled by The Oregon Community Foundation

  • Working Forests Foundation

    501(c)(3) · accept/manage working forestlands & make distributions to OCF to support charitable purposes · OR

    Directly controlled by The Oregon Community Foundation

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Weston Investment Company LLC

    Excluded · real estate · OR

    Directly controlled by na

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349311054

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