Larry And Jeanette Epping Family Foundation

The information for Larry And Jeanette Epping Family Foundation is as of the organization's most recent filing in December '21. This organization is located in Salem, OR. It has been in existence for 23 years, following its founding in 1998.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Larry And Jeanette Epping Family Foundation's NTEE code is Z99. The "Z" indicates that the organization's classification is currently unknown, as it is a temporary code for organizations until more information is available to classify them into major groups A through Y. The C Section Code for this foundation is 3, which means it falls under the category of Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations. The mission of the Larry And Jeanette Epping Family Foundation is to distribute money and property to supported charities.

Program Areas

Program Area 1: The Boys and Girls Club of Salem falls within the general fund category. The organization reports all revenues, support, and functional expenses that are not specifically reported by another fund or program.

Program Area 2: The Oregon Community Foundation is a specific fund or program that is separate from the general fund.

Program Area 3: Within the grants program, the organization provides financial support to various entities, including Blanchet School ($400,000), Boy Scouts of America ($500,000), Benedictine Sisters of Mt. Angel ($200,715), Roman Catholic Archdiocese of Portland ($276,706), Salem Catholic Schools Foundation ($430,000), and Mt. Angel Abbey ($325,500).

Board Governance

The Larry And Jeanette Epping Family Foundation appears to be well-governed based on the information provided. The organization has a total of 5 voting members, all of whom are independent. This ensures that decisions made by the board are not influenced by personal or financial interests. The presence of potential conflicts of interest is acknowledged, but the organization has a conflict of interest policy in place, which requires disclosure of any conflicts that may arise. Both board meetings and committee meetings are documented, indicating a transparent and accountable governance process. This documentation helps to ensure that decisions and actions taken by the board and committees are well-documented and can be reviewed if necessary. However, there are a few areas where the organization could improve its governance practices. The organization does not have a written whistleblower policy, which could provide protection and support for individuals who report misconduct or unethical behavior within the organization. Additionally, the organization lacks a document retention policy, which could help ensure that important records and documents are properly stored and maintained. Overall, the Larry And Jeanette Epping Family Foundation demonstrates a commitment to good governance practices through its independent board members, documented meetings, and conflict of interest policy. However, implementing a whistleblower policy and document retention policy would further enhance the organization's governance structure.

Grant History

Our dataset includes six years of grant history for the Larry And Jeanette Epping Family Foundation. Over the course of those six years, they have awarded a total of 63 grants, with an average check size of $582,807. It is unclear which NTEE sector these grants fall under, as the data is labeled as "Unknown" for all 63 awards. However, all of the grants were awarded in the state of Oregon. On average, the foundation awards approximately 11 grants per year.

Organization Growth

The Larry And Jeanette Epping Family Foundation has experienced growth over the given time period. The organization's investment income increased from $3.2 million in 2016 to $13.3 million in 2021. Additionally, their other revenue increased from -$38,543 in 2016 to $409.7 thousand in 2021. The total revenue of the organization also grew from $4.2 million in 2016 to $13.7 million in 2021. Furthermore, the grants paid by the foundation increased from $2.8 million in 2016 to $7.7 million in 2021. Finally, the total expenses of the organization also increased from $3.0 million in 2016 to $8.4 million in 2021. Overall, the Larry And Jeanette Epping Family Foundation has shown consistent growth in various aspects over the given time period.