Benton Community Foundation
- Assets
- $32.2m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Corvallis, OR
- Founding
- 12/1957
- Data as of
- 12/2021
- EIN
- 93-6022916
Organization Overview
Benton Community Foundation is located in Corvallis, OR. The organization was established in 1957. 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, Benton Community Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benton 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, Benton Community Foundation generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 8.5% 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, Benton Community Foundation has awarded 209 individual grants totaling $5,060,600. 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
OUR MISSION IS TO ENHANCE IN OUR COMMUNITY THROUGH PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT COMMUNITY CHARITABLE ACTIVITIES, ORGANIZATIONS, AND FACILITIES. APPROXIMATELY 102 PROGRAMS SERVED. LARGER GRANTS ARE DESCRIBED IN DETAIL AT SCHEDULE I, PART II.
THERE WERE 72 SCHOLARSHIP RECIPIENTS. SCHOLARSHIPS ARE DESCRIBED IN DETAIL AT SCHEDULE I, PART II.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Quaka President/ceo | Officer | 40 | $111,711 |
Cameron Howell Treasurer | OfficerTrustee | 2 | $0 |
Justin Wirth Secretary | OfficerTrustee | 2 | $0 |
Julie Manning Vice Chair | OfficerTrustee | 2 | $0 |
Susan Poole Chair | OfficerTrustee | 5 | $0 |
Tom Gallagher Director | Trustee | 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 | $2,013,815 |
| Noncash contributions included in lines 1a–1f | $316,076 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,013,815 |
| Total Program Service Revenue | $0 |
| Investment income | $752,855 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,130,767 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,908,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $970,815 |
| Grants and other assistance to domestic individuals. | $233,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,771 |
| Compensation of current officers, directors, key employees. | $55,886 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,656 |
| Pension plan accruals and contributions | $18,297 |
| Other employee benefits | $2,361 |
| Payroll taxes | $26,016 |
| Fees for services: Management | $11,100 |
| Fees for services: Legal | $240 |
| Fees for services: Accounting | $91,592 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,991 |
| Fees for services: Other | $6,555 |
| Advertising and promotion | $30,519 |
| Office expenses | $21,327 |
| Information technology | $12,935 |
| Royalties | $0 |
| Occupancy | $26,185 |
| Travel | $4,518 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,142 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,241 |
| All other expenses | $0 |
| Total functional expenses | $1,841,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $568,723 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $31,652,972 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,375 |
| Total assets | $32,226,070 |
| Accounts payable and accrued expenses | $40,198 |
| Grants payable | $12,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,457,733 |
| 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 | $1,509,931 |
| Net assets without donor restrictions | $1,409,335 |
| Net assets with donor restrictions | $29,306,804 |
| 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 | $32,226,070 |
Grants Awarded
Over the last fiscal year, Benton Community Foundation has awarded $829,010 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
OSU-COLLEGE OF EARTH OCEAN AND ATMOSPHERIC SCIENCES PURPOSE: GRADUATE STUDENT RECRUITMENT | $102,493 |
Corvallis, OR PURPOSE: YOUTH CAREER TRAINING, OPERATIONS, YOUTH PROGRAMMING | $94,697 |
Corvallis, OR PURPOSE: OPERATIONS | $81,122 |
Corvallis, OR PURPOSE: OPERATIONS | $56,018 |
Corvallis, OR PURPOSE: RENOVATIONS AND OPERATIONS | $53,000 |
Philomath, OR PURPOSE: OPERATIONS AND YOUTH PROGRAMMING | $48,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Benton Community Foundation has recieved totaling $44,700.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $44,700 |
Endowment Analysis
| Beg. Balance | $26,360,040 |
| Earnings | $3,212,409 |
| Admin Expense | $415,206 |
| Net Contributions | $1,871,341 |
| Other Expense | $2,200 |
| Grants | $1,204,215 |
| Ending Balance | $29,822,169 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Sonoma County Santa Rosa, CA | $227,314,167 | $31,190,414 |
North Valley Community Foundation Chico, CA | $60,759,000 | $16,028,341 |
International Community Foundation National City, CA | $29,422,268 | $13,734,101 |
Innovia Foundation Spokane, WA | $167,789,472 | $30,081,757 |
Greater Tacoma Community Foundation Tacoma, WA | $166,592,589 | $24,675,694 |
Rancho Santa Fe Foundation Rancho Santa Fe, CA | $166,599,422 | $22,283,277 |
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 |
Community Foundation Of Western Nevada Reno, NV | $127,209,186 | $12,894,705 |
Humboldt Area Foundation Bayside, CA | $172,334,910 | $13,192,449 |
Mayors Fund For Los Angeles Los Angeles, CA | $12,037,706 | $5,243,106 |
Jewish Community Foundation Of Orange County Irvine, CA | $108,015,348 | $20,165,393 |