Civic Intelligence

The Mazamas Foundation

990 • Fiscal year 2017 • EIN 91-1829996

Oct 01, 2016 to Sep 30, 2017 • Filed on Aug 10, 2018

527 SE 43rd AvenuePortland, OR 97215

(503) 227-2345

Siviq Scores

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

Liabilities / Assets

69th percentile

0.27x

Higher debt load relative to assets than 69% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

4.37x

Higher debt load relative to revenue than 95% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

1st percentile

-251%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

24th percentile

-3.4%

Faster asset growth than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

103%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$4,347,217

Down $154,004 (-3.4%) from 2016

Net Assets

Down

$3,164,927

Down $386,278 (-11%) from 2016

Liabilities

Up

$1,182,290

Up $232,274 (+24%) from 2016

Revenue

Up

$270,259

Up $136,877 (+103%) from 2016

Expenses

Up

$948,960

Up $423,238 (+81%) from 2016

Net Income

Down

-$678,701

Down $286,361 (-73%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $3,766,055Liabilities 2010: $0Net Assets 2010: $3,766,0552010Assets 2011: $3,802,051Liabilities 2011: $0Net Assets 2011: $3,802,0512011Assets 2012: $4,058,466Liabilities 2012: $448,947Net Assets 2012: $3,609,5192012Assets 2013: $4,432,976Liabilities 2013: $379,826Net Assets 2013: $4,053,1502013Assets 2014: $4,922,576Liabilities 2014: $1,149,766Net Assets 2014: $3,772,8102014Assets 2015: $4,491,377Liabilities 2015: $868,890Net Assets 2015: $3,622,4872015Assets 2016: $4,501,221Liabilities 2016: $950,016Net Assets 2016: $3,551,2052016Assets 2017: $4,347,217Liabilities 2017: $1,182,290Net Assets 2017: $3,164,9272017Assets 2018: $3,794,530Liabilities 2018: $596,363Net Assets 2018: $3,198,1672018Assets 2019: $2,952,452Liabilities 2019: $237,085Net Assets 2019: $2,715,3672019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2017

Assets$4,347,217
Liabilities$1,182,290
Net Assets$3,164,927

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $117,6912010Expenses 2011: $162,2222011Revenue 2012: $88,986Expenses 2012: $166,904Net Income 2012: -$77,9182012Expenses 2013: $168,5462013Revenue 2014: $453,048Expenses 2014: $1,003,127Net Income 2014: -$550,0792014Revenue 2015: $69,541Expenses 2015: $181,043Net Income 2015: -$111,5022015Revenue 2016: $133,382Expenses 2016: $525,722Net Income 2016: -$392,3402016Revenue 2017: $270,259Expenses 2017: $948,960Net Income 2017: -$678,7012017Revenue 2018: $73,076Expenses 2018: $131,198Net Income 2018: -$58,1222018Revenue 2019: $38,835Expenses 2019: $500,055Net Income 2019: -$461,2202019Revenue 2020: $310,985Expenses 2020: $3,023,772Net Income 2020: -$2,712,7872020

Highlighted filing

2017

Revenue$270,259
Expenses$948,960
Net Income-$678,701
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Aug 10, 2018
Return Version
2016v3.0
Gross Receipts
$270,259
Mission and Program Overview

Mission

To promote and further mountaineering and wilderness exploration.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,847,724$2,359,279▼ $488,445
Land, Buildings, and Equipment, Net$1,513,204$1,719,755▲ $206,551
Pledges and Grants Receivable$76,786$188,940▲ $112,154
Savings and Temporary Cash Investments$62,076$78,391▲ $16,315
Prepaid Expenses and Deferred Charges$1,113$574▼ $539
Cash and Non-Interest-Bearing Accounts$318$278▼ $40
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,501,221$4,347,217▼ $154,004
Other Assets Total-$0-
Liabilities
Grants Payable$798,110$1,115,000▲ $316,890
Accounts Payable and Accrued Expenses$151,906$67,290▼ $84,616
Total Liabilities$950,016$1,182,290▲ $232,274
Net Assets / Fund Balance
Unrestricted Net Assets$3,503,569$3,117,291▼ $386,278
Permanently Rstr Net Assets$47,636$47,636→ $0
Total Net Assets Fund Balance$3,551,205$3,164,927▼ $386,278
Total Liabilities and Net Assets / Fund Balance$4,501,221$4,347,217▼ $154,004

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$802,320$303,676$1,105,996
Land$908,767-$908,767
Leasehold Improvements$8,668$1,734$10,402

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$3,551,205$188,867▲ $379,424$954,569$3,164,927
2015$3,622,487$166,986▲ $297,170$49,586$3,551,205
2014$3,772,810$90,100▼ $45,756$58,667$3,622,487
2013$4,053,150$475,800▲ $264,328$63,468$3,772,810
2012$3,609,519$293,920▲ $339,135$81,924$4,053,150
Compensation and Service Providers

Board Members and Trustees

NameTitle
Patrice CookPresident
Brian LawrenceBoard Member
Gerald ItkinBoard Member
Preston CorlessBoard Member
Terry DonaheBoard Member
Tom BardBoard Member
Dan CrispTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$188,867
Program Service Revenue
$0
Investment Income
$81,392
Other Revenue
$0
Change in Net Assets
$-678,701
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$882,000
Other Expenses$66,960
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$882,000--$882,000
Depreciation Depletion$28,626--$28,626
Office Expenses-$22,843-$22,843
Fees for Services Other-$13,805-$13,805
Insurance-$1,686-$1,686
Total Functional Expenses$910,626$38,334$0$948,960
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
MazamasPortland, OR501(c)(3)Operating Support/ Strategic Plan$882,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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, Line 11B: Form 990 Review Process

Form 990 is reviewed and approved by the president and treasurer and provided to the board prior to filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Reasonable requests for financial statements and governing documents are furnished upon request.

Filing and Contact Details

Filer

Filer Name
The Mazamas Foundation
EIN
91-1829996
Phone
5032272345
Address
527 SE 43rd Avenue, Portland, OR 97215

Signing Officer

Name
Rick Schmidt
Title
Treasurer
Signed
2018-08-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrice Cook
Formed
1997
Legal Domicile
Or
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Kern & Thompson LLC
Address
1800 SW First Avenue Suite 410, Portland, OR 97201
Preparer
Kris Oliveira CPA
Phone
5032223338
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

To support the activities of the mazamas.

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