Community Foundation Of North Central Washington
- Assets
- $129.5m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Wenatchee, WA
- Founding
- 05/1988
- Data as of
- 06/2022
- EIN
- 91-1349486
Organization Overview
Community Foundation Of North Central Washington is located in Wenatchee, WA. The organization was established in 1988. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Community Foundation Of North Central Washington employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of North Central Washington 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 06/2022, Community Foundation Of North Central Washington generated $18.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $12.3m during the year ending 06/2022. While expenses have increased by 13.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Community Foundation Of North Central Washington has awarded 415 individual grants totaling $17,598,087. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GRANT-MAKING TO QUALIFIED NONPROFIT ORGANIZATIONS IN CHELAN, DOUGLAS, AND OKANOGAN COUNTIES. AWARD COLLEGE SCHOLARSHIPS TO QUALIFYING APPLICANTS IN CHELAN, DOUGLAS, AND OKANOGAN COUNTIES. CFNCW SOLICITS, MANAGES, AND DISTRIBUTES PERMANENT CHARITABLE ENDOWMENTS ESTABLISHED BY PRIVATE CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS MADE TO QUALIFYING NONPROFIT ORGANIZATIONS IN CHELAN, DOUGLAS, AND OKANOGAN COUNTIES IN WASHINGTON FROM UNRESTRICTED FUNDS.
GRANTS MADE TO NONPROFIT ORGANIZATIONS FROM AGENCY FUNDS HELD BY CFNCW.
COLLEGE SCHOLARSHIPS AWARDED TO QUALIFYING STUDENTS IN CHELAN, DOUGLAS, AND OKANOGAN COUNTIES IN WASHINGTON. 282 SCHOLARSHIPS AWARDED DURING THE YEAR ENDED 06/30/2022.
OTHER PROGRAM SERVICES INCLUDE NONPROFIT INSTITUTE TO PROVIDE EDUCATION AND TRAINING TO NONPROFITS. ALSO ADMINISTERING DONOR ADVISED, DESIGNATED, FIELD OF INTEREST, AND FISCAL SPONSORSHIP FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Stipe Executive Director | Officer | 40 | $142,290 |
Cindy Goodell Chief Financial Officer | Officer | 40 | $59,950 |
Mark Spurgeon Chair | OfficerTrustee | 1 | $0 |
Claudia Derobles Vice Chair | OfficerTrustee | 1 | $0 |
Betsy Cushman Treasurer | OfficerTrustee | 1 | $0 |
Pam Brulotte Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,650,297 |
| Noncash contributions included in lines 1a–1f | $799,773 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,650,297 |
| Total Program Service Revenue | $0 |
| Investment income | $4,100,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $863,726 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,614,873 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,733,257 |
| Grants and other assistance to domestic individuals. | $1,067,171 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $254,573 |
| Compensation of current officers, directors, key employees. | $143,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $275,982 |
| Pension plan accruals and contributions | $11,946 |
| Other employee benefits | $24,251 |
| Payroll taxes | $41,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,305 |
| Fees for services: Accounting | $24,289 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $668,524 |
| Fees for services: Other | $0 |
| Advertising and promotion | $50,826 |
| Office expenses | $11,203 |
| Information technology | $32,674 |
| Royalties | $0 |
| Occupancy | $13,424 |
| Travel | $2,129 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,946 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,969 |
| Insurance | $9,997 |
| All other expenses | $7,828 |
| Total functional expenses | $12,252,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,453,856 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,492,049 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $47,088 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,034 |
| Net Land, buildings, and equipment | $388,182 |
| Investments—publicly traded securities | $124,090,378 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $129,475,587 |
| Accounts payable and accrued expenses | $5,150 |
| Grants payable | $1,721,872 |
| 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 | $59,599,066 |
| Total liabilities | $61,326,088 |
| Net assets without donor restrictions | $26,766,480 |
| Net assets with donor restrictions | $41,383,019 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $129,475,587 |
Grants Awarded
Over the last fiscal year, Community Foundation Of North Central Washington has awarded $9,281,459 in support to 223 organizations.
| Grant Recipient | Amount |
|---|---|
OKANOGAN COUNTY FIRE DISTRICT 6 PURPOSE: VARIOUS PURPOSES AS APPROVED BY CFNCW BOARD | $968,837 |
Wenatchee, WA PURPOSE: VARIOUS PURPOSES AS APPROVED BY CFNCW BOARD | $518,341 |
Wenatchee, WA PURPOSE: VARIOUS PURPOSES AS APPROVED BY CFNCW BOARD | $439,847 |
Wenatchee, WA PURPOSE: VARIOUS PURPOSES AS APPROVED BY CFNCW BOARD | $257,690 |
Pullman, WA PURPOSE: VARIOUS PURPOSES AS APPROVED BY CFNCW BOARD | $256,000 |
Scottsdale, AZ PURPOSE: VARIOUS PURPOSES AS APPROVED BY CFNCW BOARD | $245,500 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Community Foundation Of North Central Washington has recieved totaling $1,864,334.
| Awarding Organization | Amount |
|---|---|
Bruno And Evelyne Betti Foundation Billings, MT PURPOSE: OKANOGAN FIRE DISTRICT 6 EQUIPMENT & TOWER | $500,000 |
Bruno And Evelyne Betti Foundation Billings, MT PURPOSE: ESTABLISH A NON-ENDOWED FIELD OF INTEREST FUND TO SUPPORT CHARITABLE PROGRAMS AND SERVICES | $400,000 |
Confluence Health Wenatchee, WA PURPOSE: GENERAL SUPPORT | $300,000 |
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $192,362 |
The Seattle Foundation Seattle, WA PURPOSE: ADVISORY GROUP FOR ALL IN WA - MELISSA HERNANDEZ INSPIRATION FUND; ADVISORY GROUP FOR ALL IN WA/MELISSA HERNANDEZ INSPIRATION FUND; TO PROVIDE GENERAL OPERATING SUPPORT; TO PROVIDE SUPPORT FOR ALL IN WA | $142,300 |
Bruno And Evelyne Betti Foundation Billings, MT PURPOSE: CREATE A FUND DESIGNATED FOR THE BENEFIT OF THE BREWSTER BOYS AND GIRLS CLUB | $105,000 |
Endowment Analysis
| Beg. Balance | $56,195,758 |
| Earnings | -$8,589,566 |
| Net Contributions | $4,463,978 |
| Grants | $3,567,659 |
| Ending Balance | $48,502,511 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Southwest Washington Vancouver, WA | $320,798,451 | $21,245,317 |
Innovia Foundation Spokane, WA | $167,789,472 | $30,081,757 |
Greater Tacoma Community Foundation Tacoma, WA | $166,592,589 | $24,675,694 |
Idaho Community Foundation Inc Boise, ID | $229,667,754 | $28,111,141 |
Community Foundation Of North Central Washington Wenatchee, WA | $129,475,587 | $18,614,873 |
Whatcom Community Foundation Bellingham, WA | $61,418,992 | $32,311,600 |
Blue Mountain Community Foundation Walla Walla, WA | $59,624,094 | $14,162,735 |
Oregon Jewish Community Foundation Portland, OR | $113,748,806 | $13,935,130 |
Yakima Valley Community Foundation Yakima, WA | $80,915,823 | $19,701,329 |
Juneau Community Foundation Juneau, AK | $82,810,614 | $6,137,568 |
Portland Community College Foundation Inc Portland, OR | $27,749,544 | $7,912,133 |
Catholic Community Services Foundation Salem, OR | $35,947,789 | $5,259,361 |