Grays Harbor Community Foundation
- Assets
- $92.7m
- Revenue
- $9.1m
- Investments
- $42.2m
- Employees
- 4
- Location
- Hoquiam, WA
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 91-1607005
Organization Overview
Grays Harbor Community Foundation is located in Hoquiam, WA. The organization was established in 1998. 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 12/2021, Grays Harbor Community Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grays Harbor Community 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 12/2021, Grays Harbor Community Foundation generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $4.1m during the year ending 12/2021. While expenses have increased by 6.3% 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 2015, Grays Harbor Community Foundation has awarded 426 individual grants totaling $13,155,912. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE IN COMMUNITIES THROUGHOUT GRAYS HARBOR COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH OUR COMMUNITY GRANTS PROGRAM LAST YEAR, WE AWARDED 210 GRANTS TO 118 LOCAL NONPROFIT ORGANIZATIONS AND SCHOOL DISTRICTS IN 2020. WE WERE ABLE TO LEVERAGE DONOR ADVISED AND DONOR DESIGNATED FUNDS TO AWARD GRANT REQUESTS THAT RANGED BETWEEN $1,000 - $100,000. WE SUPPORTED ORGANIZATIONS IN 12 OUT OF THE 13 COMMUNITIES IN GRAYS HARBOR TO BETTER ACHIEVE THEIR MISSION(S). WE ALSO AWARDED 345 SCHOLARSHIPS TO STUDENTS WHO RESIDE IN GRAYS HARBOR COUNTY OR GRADUATED FROM A GRAYS HARBOR COUNTY HIGH SCHOOL THROUGH OUR SCHOLARSHIP PROGRAM. OUR SCHOLARSHIPS ARE RENEWABLE AT VARIABLE AMOUNTS FOR AN ADDITIONAL 3 YEARS TO SUPPORT UNDERGRADUATE AND VOCATIONAL STUDIES. IN 2020 WE PROVIDED OVER $850,000 IN EMERGENCY RELIEF RELATED TO THE PANDEMIC FOR CHILDCARE PROGRAMS, EMERGENCY AND FOOD ASSISTANCE, AND LOSS OF FUNDING REVENUE JUST TO NAME A FEW.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Potts Executive Director | Officer | 40 | $146,771 |
Wes Peterson Vice Chairman | OfficerTrustee | 2 | $0 |
Mike Stoney Treasurer | OfficerTrustee | 2 | $0 |
Bill Stewart Chair | OfficerTrustee | 2 | $0 |
Todd Lindley Past Chair | OfficerTrustee | 1 | $0 |
George Donovan Secretary | OfficerTrustee | 2 | $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 | $3,672,145 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,672,145 |
| Total Program Service Revenue | $0 |
| Investment income | $4,843,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $538,753 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,054,377 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,598,898 |
| Grants and other assistance to domestic individuals. | $867,286 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $151,174 |
| Compensation of current officers, directors, key employees. | $30,235 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,752 |
| Pension plan accruals and contributions | $5,505 |
| Other employee benefits | $0 |
| Payroll taxes | $33,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $144,890 |
| Fees for services: Other | $2,503 |
| Advertising and promotion | $3,832 |
| Office expenses | $4,217 |
| Information technology | $25,275 |
| Royalties | $0 |
| Occupancy | $18,492 |
| Travel | $108 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,649 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,981 |
| Insurance | $4,351 |
| All other expenses | $0 |
| Total functional expenses | $4,089,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,838 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,730 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,465 |
| Net Land, buildings, and equipment | $430,515 |
| Investments—publicly traded securities | $49,523,538 |
| Investments—other securities | $42,211,307 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $92,662,393 |
| Accounts payable and accrued expenses | $73,347 |
| 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 | $73,347 |
| Net assets without donor restrictions | $40,223,200 |
| Net assets with donor restrictions | $52,365,846 |
| 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 | $92,662,393 |
Grants Awarded
Over the last fiscal year, Grays Harbor Community Foundation has awarded $2,400,575 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
Hoquiam, WA PURPOSE: To support the program. | $709,300 |
Aberdeen, WA PURPOSE: To support the program. | $108,500 |
Seattle, WA PURPOSE: To support the program. | $75,000 |
Aberdeen, WA PURPOSE: To support the program. | $70,000 |
ABERDEEN SCHOOL DISTRICT PURPOSE: To support the program. | $68,500 |
Corvallis, OR PURPOSE: To support the program. | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Grays Harbor Community Foundation has recieved totaling $369,598.
| Awarding Organization | Amount |
|---|---|
Abel-Weatherwax Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $119,500 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $100,000 |
Stolte Family Foundation Seattle, WA PURPOSE: FUNDING FOR GENERAL CHARITABLE OPERATIONS | $75,000 |
The Seattle Foundation Seattle, WA PURPOSE: TO SUPPORT SCHOLARSHIPS; TO PROVIDE GENERAL OPERATING SUPPORT | $50,000 |
Philanthropy Northwest Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $10,000 |
Endowment Analysis
| Beg. Balance | $24,988,852 |
| Earnings | $2,884,903 |
| Admin Expense | $222,272 |
| Net Contributions | $1,050,687 |
| Grants | $661,983 |
| Ending Balance | $28,040,187 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Salem Foundation Pioneer Trust Company Trustee Salem, OR | $34,628,460 | $4,735,987 |