Civic Intelligence

Occu Foundation Inc.

990 • Fiscal year 2019 • EIN 83-0566255

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 28, 2020

2880 Chad DriveEugene, OR 97408

(541) 681-6062

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

90th percentile

43%

Higher net margin than 90% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

100th percentile

$719,498

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 160.3% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

89th percentile

78%

Faster asset growth than 89% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

12th percentile

-42%

Faster revenue growth than 12% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$445,586

Up $194,979 (+78%) from 2018

Net Assets

Up

$445,586

Up $194,979 (+78%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$448,937

Down $318,770 (-42%) from 2018

Expenses

Down

$253,958

Down $263,142 (-51%) from 2018

Net Income

Down

$194,979

Down $55,628 (-22%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2018: $250,607Liabilities 2018: $0Net Assets 2018: $250,6072018Assets 2019: $445,586Liabilities 2019: $0Net Assets 2019: $445,5862019Assets 2020: $747,597Liabilities 2020: $0Net Assets 2020: $747,5972020Assets 2021: $1,225,843Liabilities 2021: $0Net Assets 2021: $1,225,8432021Assets 2022: $1,190,036Liabilities 2022: $0Net Assets 2022: $1,190,0362022Assets 2023: $1,391,626Liabilities 2023: $0Net Assets 2023: $1,391,6262023Assets 2024: $1,604,779Liabilities 2024: $0Net Assets 2024: $1,604,7792024

Highlighted filing

2019

Assets$445,586
Liabilities$0
Net Assets$445,586

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2018: $767,707Expenses 2018: $517,100Net Income 2018: $250,6072018Revenue 2019: $448,937Expenses 2019: $253,958Net Income 2019: $194,9792019Revenue 2020: $851,378Expenses 2020: $549,367Net Income 2020: $302,0112020Revenue 2021: $1,050,287Expenses 2021: $572,041Net Income 2021: $478,2462021Revenue 2022: $901,213Expenses 2022: $937,020Net Income 2022: -$35,8072022Revenue 2023: $689,677Expenses 2023: $488,087Net Income 2023: $201,5902023Revenue 2024: $622,059Expenses 2024: $408,906Net Income 2024: $213,1532024

Highlighted filing

2019

Revenue$448,937
Expenses$253,958
Net Income$194,979
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 28, 2020
Return Version
2019v5.1
Gross Receipts
$448,937
Mission and Program Overview

Mission

The corporation is organized to provide a foundation for philanthropic education and charitable activities for improving the life of the members and employees of oregon community credit union, its subsidiaries and citizens of the communities they serve. The complete mission statement is available in materials distributed by corporation.

Promote, manage and execute oregon community credit union's (occu) charitable activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$250,607$445,586▲ $194,979
Cash and Non-Interest-Bearing Accounts$100,495$229,801▲ $129,306
Savings and Temporary Cash Investments$150,112$215,785▲ $65,673
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$250,607$445,586▲ $194,979
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$250,607$445,586▲ $194,979
Total Liabilities and Net Assets / Fund Balance$250,607$445,586▲ $194,979
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ron NeumannBoard Chairman
Greg SchumacherBoard President
Heather BillingsBoard Secretary
Dave SchifferBoard Treasurer
Brian AlfanoDirector
Darrell StarkDirector
Deborah MersinoDirector
Russ BernardoDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$448,263
Program Service Revenue
$0
Investment Income
$674
Other Revenue
$0
All Other Contributions
$15,000
Change in Net Assets
$194,979
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$253,958
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$253,958--$253,958
Total Functional Expenses$253,958$0$0$253,958
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Oregon FoundationEugene, OR501(c)(3)General Support$170,958
Eugene Civic AllianceEugene, OR501(c)(3)General Support$50,000
Lane Community College FoundationEugene, OR501(c)(3)General Support$18,000
CHILDREN'S MIRACLE NETWORK HOSPITALSSalt Lake City, UT501(c)(3)General Support$15,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The president and treasurer of the organization review the form 990 before filing.

Form 990, Part VI, Section B, Line 12C

Periodic reviews are conducted to ensure that the organization operates in a manner consistent with its charitable purposes and that it does not engage in activities that could jeopardize its status as an organization exempt from federal income tax. The periodic review shall, at a minimum, include the following subjects: a) whether compensation arrangements and benefits are reasonable and are the result of arm's length bargaining. B) whether provider services result in inurement or impermissible private benefit. C) whether partnership and joint venture arrangements conform to written policies, are properly recorded, reflect reasonable payments for goods and services, further the corporation's charitable purposes, and do not result in inurement or impermissible private benefit. D) whether the conflicts of interest policy is disseminated and in compliance.

Form 990, Part VI, Section C, Line 19

The organization's financial statements and governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Occu Foundation Inc
EIN
83-0566255
Phone
5416816062
Address
2880 CHAD DRIVE, EUGENE, OR 97408

Signing Officer

Name
Dave Schiffer
Title
Treasurer
Phone
5416816062
Signed
2020-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dave Schiffer
Formed
2018
Legal Domicile
Or
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Moss Adams Llp
Address
805 SW BROADWAY STE 1200, PORTLAND, OR 97205
Preparer
Wendy Campos
Phone
5032421447
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RON NEUMANN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1GREG SCHUMACHER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2DAVE SCHIFFER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3HEATHER BILLINGS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4RUSS BERNARDO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5DEBORAH MERSINO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm6BRIAN ALFANO

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