Orcas Christian School Foundation
- Assets
- $19.0m
- Revenue
- $732.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Eastsound, WA
- Founding
- 04/2008
- Data as of
- 06/2021
- EIN
- 20-3083212
Organization Overview
Orcas Christian School Foundation is located in Eastsound, WA. The organization was established in 2008. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orcas Christian School Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Orcas Christian School Foundation generated $732.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $880.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PURPOSE IS TO PROVIDE SUPPORT FOR ORCAS CHRISTIAN SCHOOL, AN EDUCATIONAL INSTITUTION OWNED BY THE WASHINGTON CONFERENCE OF SEVENTH-DAY ADVENTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT AND FINANCIAL ASSISTANCE TO ORCAS CHRISTIAN SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Stovall Secretary | OfficerTrustee | 0.1 | $0 |
Patricia Plummer Chairman | OfficerTrustee | 0.1 | $0 |
James Coffin Director | Trustee | 1 | $0 |
Mike Parnell Director | Trustee | 1 | $0 |
Terry Pottle Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $288,930 |
| Investment income | $194,913 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,299 |
| Net Gain/Loss on Asset Sales | $237,706 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $732,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $147 |
| Fees for services: Accounting | $9,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,274 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $376 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $75 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $349,203 |
| Insurance | $25,728 |
| All other expenses | $0 |
| Total functional expenses | $880,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,110 |
| Savings and temporary cash investments | $17,683 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $23,732 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,010 |
| Investments—publicly traded securities | $10,106,468 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,000 |
| Total assets | $19,000,823 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $19,000,823 |
Grants Awarded
Over the last fiscal year, Orcas Christian School Foundation has awarded $571,275 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Eastsound, WA PURPOSE: TO SUPPORT OCS SUPPORTING FOUNDATIO | $433,775 |
Federal Way, WA PURPOSE: TO SUPPORT ORCAS CHRISTIAN SCHOOL | $137,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Orcas Christian School Foundation has recieved totaling $41,685.
| Awarding Organization | Amount |
|---|---|
Parnell Family Foundation Eastsound, WA PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $41,685 |
Endowment Analysis
| Beg. Balance | $9,875,738 |
| Earnings | $1,464,368 |
| Admin Expense | $41,274 |
| Net Contributions | $115,000 |
| Other Expense | $624,974 |
| Ending Balance | $10,788,858 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U Of O Foundation Supporting Organization Eugene, OR | $394,248,848 | $33,595,955 |
Boise State University Foundation Inc Boise, ID | $181,429,408 | $23,699,772 |
University Of Idaho Foundation Inc Moscow, ID | $461,396,601 | $57,102,014 |
Portland State University Foundation Portland, OR | $160,720,485 | $33,116,092 |
University Of Alaska Foundation Anchorage, AK | $433,420,168 | $30,048,910 |
Idaho State University Foundation Inc Pocatello, ID | $103,380,553 | $14,176,900 |
Choice Regional Health Network Olympia, WA | $24,377,222 | $13,582,793 |
Housing Northwest Inc Portland, OR | $58,641,349 | $5,917,895 |
Seattle Public Library Foundation Seattle, WA | $96,431,810 | $10,213,683 |
Clark Community College District 14 Foundation Vancouver, WA | $121,917,031 | $11,491,033 |
Central Washington University Foundation Ellensburg, WA | $48,919,247 | $7,605,095 |
Green River College Foundation Auburn, WA | $36,981,286 | $4,351,003 |