Civic Intelligence

Salem Foundation Pioneer Trust Company Trustee

990 • Fiscal year 2016 • EIN 93-6018523

May 01, 2015 to Apr 30, 2016 • Filed on Aug 16, 2016

Organization Profilewww.salemfoundation.org
C/O Pioneer Trust Bank PO Box 2305Salem, OR 97308

(503) 363-3136

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.04x

Higher debt load relative to assets than 22% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

51st percentile

0.25x

Higher debt load relative to revenue than 51% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

15th percentile

-13%

Higher net margin than 15% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

80th percentile

$308,107

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

42nd percentile

0.3%

Faster asset growth than 42% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

30th percentile

-3.9%

Faster revenue growth than 30% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$22,629,493

Up $72,794 (+0.3%) from 2015

Net Assets

Down

$21,817,287

Down $319,596 (-1.4%) from 2015

Liabilities

Up

$812,206

Up $392,390 (+93%) from 2015

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin15th percentile

Revenue

Down

$3,188,252

Down $129,986 (-3.9%) from 2015

Expenses

Up

$3,599,686

Up $914,770 (+34%) from 2015

Net Income

Down

-$411,434

Down $1,044,756 (-165%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$40M$30M$20M$10M$0Assets 2011: $18,582,265Liabilities 2011: $1,146,686Net Assets 2011: $17,435,5792011Assets 2012: $18,308,307Liabilities 2012: $1,037,967Net Assets 2012: $17,270,3402012Assets 2013: $20,827,737Liabilities 2013: $863,477Net Assets 2013: $19,964,2602013Assets 2014: $21,379,376Liabilities 2014: $668,609Net Assets 2014: $20,710,7672014Assets 2015: $22,556,699Liabilities 2015: $419,816Net Assets 2015: $22,136,8832015Assets 2016: $22,629,493Liabilities 2016: $812,206Net Assets 2016: $21,817,2872016Assets 2017: $24,272,136Liabilities 2017: $871,233Net Assets 2017: $23,400,9032017Assets 2018: $26,278,570Liabilities 2018: $518,567Net Assets 2018: $25,760,0032018Assets 2019: $29,898,606Liabilities 2019: $535,382Net Assets 2019: $29,363,2242019Assets 2020: $29,556,546Liabilities 2020: $291,614Net Assets 2020: $29,264,9322020Assets 2021: $35,726,700Liabilities 2021: $384,070Net Assets 2021: $35,342,6302021Assets 2022: $34,628,460Liabilities 2022: $304,118Net Assets 2022: $34,324,3422022Assets 2023: $34,545,619Liabilities 2023: $227,710Net Assets 2023: $34,317,9092023Assets 2024: $39,558,682Liabilities 2024: $786,275Net Assets 2024: $38,772,4072024Assets 2025: $37,574,532Liabilities 2025: $279,472Net Assets 2025: $37,295,0602025

Highlighted filing

2016

Assets$22,629,493
Liabilities$812,206
Net Assets$21,817,287
Open 2016 Filing

Operations Trend

Revenue Growth30th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $2,485,8602011Expenses 2012: $1,244,7622012Expenses 2013: $1,290,4182013Revenue 2014: $1,667,362Expenses 2014: $2,170,905Net Income 2014: -$503,5432014Revenue 2015: $3,318,238Expenses 2015: $2,684,916Net Income 2015: $633,3222015Revenue 2016: $3,188,252Expenses 2016: $3,599,686Net Income 2016: -$411,4342016Revenue 2017: $2,614,919Expenses 2017: $1,818,561Net Income 2017: $796,3582017Revenue 2018: $3,200,819Expenses 2018: $1,860,786Net Income 2018: $1,340,0332018Revenue 2019: $4,649,677Expenses 2019: $2,631,102Net Income 2019: $2,018,5752019Revenue 2020: $2,231,073Expenses 2020: $2,819,958Net Income 2020: -$588,8852020Revenue 2021: $4,306,114Expenses 2021: $3,557,683Net Income 2021: $748,4312021Revenue 2022: $4,735,987Expenses 2022: $4,442,641Net Income 2022: $293,3462022Revenue 2023: $3,345,668Expenses 2023: $4,118,990Net Income 2023: -$773,3222023Revenue 2024: $10,372,711Expenses 2024: $6,613,071Net Income 2024: $3,759,6402024Revenue 2025: $9,539,251Expenses 2025: $11,381,995Net Income 2025: -$1,842,7442025

Highlighted filing

2016

Revenue$3,188,252
Expenses$3,599,686
Net Income-$411,434
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2015 to Apr 30, 2016
Signed
Aug 16, 2016
Return Version
2015v2.0
Gross Receipts
$4,358,791
Mission and Program Overview

Mission

The salem foundation exists for the purpose of receiving, safeguarding, and disbursing funds for charitable purposes in the vicinity of salem, oregon. More than 70 charitable organizations and 18 college students benefited during the current fiscal year.

The salem foundation exists for the purpose of receiving, safeguarding, and disbursing funds for charitable purposes in the vicinity of salem, oregon. More than 90 charitable organizations and 17 college students benefited during the current fiscal year.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$16,605,614$16,322,225▼ $283,389
Land, Buildings, and Equipment, Net$3,947,556$4,265,879▲ $318,323
Savings and Temporary Cash Investments$1,833,770$1,422,935▼ $410,835
Pledges and Grants Receivable-$430,000-
Other Notes and Loans Receivable, Net$120,921$129,826▲ $8,905
Investments in Publicly Traded Securities$24,459$24,236▼ $223
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$22,556,699$22,629,493▲ $72,794
Other Assets Total$24,379$34,392▲ $10,013
Liabilities
Grants Payable$393,733$585,000▲ $191,267
Mortgage Notes Payable Secured by Investment Property-$200,000-
Other Liabilities$26,083$27,206▲ $1,123
Total Liabilities$419,816$812,206▲ $392,390
Net Assets / Fund Balance
Unrestricted Net Assets$14,449,286$13,683,084▼ $766,202
Temporarily Rstr Net Assets$5,862,383$6,298,458▲ $436,075
Permanently Rstr Net Assets$1,825,214$1,835,745▲ $10,531
Total Net Assets Fund Balance$22,136,883$21,817,287▼ $319,596
Total Liabilities and Net Assets / Fund Balance$22,556,699$22,629,493▲ $72,794

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,765,815$1,498,485-
Land$1,557,200--
Leasehold Improvements$942,864$649,962-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$2,177,175$10,531▲ $88,763-$2,215,189
2014$2,081,321$19,500▲ $162,382$27,554$2,177,175
2013$1,473,155$502,742▲ $152,937-$2,081,321
2012$1,390,905$100▲ $129,602-$1,473,155
2011$1,377,949$500▲ $61,916-$1,390,905
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Pioneer Trust Bank NaTrusteeFT$308,107$308,107

Board Members and Trustees

NameTitle
Kathleen EvansChairman
Jill MungerCmtee Member
Lucy EscobarCmtee Member
Shelaswau CrierCmtee Member
Terry HancockCmtee Member
Willie RichardsonCmtee Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,820,064
Program Service Revenue
$0
Investment Income
$932,404
Other Revenue
$435,784
All Other Contributions
$1,820,064
Change in Net Assets
$-411,434

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$320,000Appraisal
Securities Publicly Traded2$99,799Nyse
Securities Miscellaneous1$69,903Nav
Total Noncash Contributions4$489,702-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,188,252
Revenue Not Reported on Form 990
$267,642
Total Revenue per Audited Statements
$3,455,894
Total Revenue per Form 990
$3,188,252
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,279,194
Salaries, Compensation, and Employee Benefits$308,107
Other Expenses$12,385
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,262,476--$3,262,476
Current Officers, Directors, Trustees, and Key Employees-$308,107-$308,107
Grants to Domestic Individuals$16,718--$16,718
Fees for Services Accounting-$9,000-$9,000
Fees for Services Legal-$1,265-$1,265
Other Expenses-$1,200-$1,200
Office Expenses-$920-$920
Total Functional Expenses$3,279,194$320,492$0$3,599,686

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,775,490
Expenses per Audited Statements$3,599,686
Total Expenses per Form 990$3,599,686
Expenses Not Reported on Form 990$175,804
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Catholic Community ServicesSalem, OR-General$608,174
Family Building Blocks IncSalem, OR-General$351,500
Salem Public Library FdnSalem, OR-General$342,190
Abbey Foundation of OregonSt Benedict, OR-General$292,147
Archbishop Francis Blanchet SchoolSalem, OR-General$200,000
Historic Elsinore TheatreSalem, OR-General$174,900
Salem Hospital FoundationSalem, OR-General$155,509
Center for Hope & SafetySalem, OR-General$153,884
Salem-keizer Education FdnSalem, OR-General$110,000
Salem Art AssociationSalem, OR-General$91,376
Community Resource TrustSalem, OR-General$83,334
Roman Catholic BishopHelena, MT-General$80,000
Union Gospel MissionSalem, OR-General$50,227
Benedictine Foundation of OregonMt Angel, OR-General$50,000
Mt Angel AbbeySt Benedict, OR-General$50,000
Silver Fox FoundationSilverton, OR-General$25,000
Ctr for Community InnovationSalem, OR-General$22,513
Silverton High SchoolSilverton, OR-Government Organization$22,000
Saint Francis ShelterSalem, OR-General$21,821
City of SalemSalem, OR-Government Organization$21,013
No Salem Viking AlumniSalem, OR-General$16,000
Mcnary Athletic BoostersKeizer, OR-General$15,000
Adaptive Riding Institute IncTurner, OR-General$14,340
Chemeketa Community College FoundationSalem, OR-General$13,799
Salem Interfaith Hospitality NetSalem, OR-General$11,350
Or Student Assist CommEugene, OR-Government Organization$11,169
Dallas High SchoolDallas, OR-Government Organization$10,750
Boys & Girls Club of SalemSalem, OR-General$10,204
Assistance League of SalemSalem, OR-General$10,000
Marion-polk Food ShareSalem, OR-General$10,000
Mckay High SchoolSalem, OR-Government Organization$10,000
Salem Free Medical ClinicSalem, OR-General$10,000
Santana Village Park AssocSalem, OR-General$10,000
Stayton Hs Booster ClubStayton, OR-General$10,000
Salem-keizer Public SchoolsSalem, OR-Government Organization$9,756
St Joseph Catholic ChurchSalem, OR-General$8,000
Food for the PoorDeerfield Beach, FL-General$6,525
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Rent and Deposits$27,206
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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 2: Description of Business or Family Relationship of Officers, Directors, Et

“Distribution committee member jill munger is a minority shareholder in pioneer trust bank, n.a, which serves as trustee of the salem foundation. Jill's father, william meier, is also a minority shareholder and formerly was an executive officer and board member of pioneer trust bank, n.a. Jill's brother, kent meier, is also a minority shareholder and currently is on the board of directors of pioneer trust bank, n.a. Jill was appointed to the committee after due legal and board consideration of family and ownership relations with pioneer trust bank, n.a.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Designated officers of trustee review form 990 before filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Members of the distribution committee are required to disclose any conflicts of interest and refrain from voting on grants requested by other charitable entities with which they are affiliated.”

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

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
The Salem Foundation
EIN
93-6018523
Phone
5033633136
Address
C/O PIONEER TRUST BANK PO BOX 2305, SALEM, OR 97308

Signing Officer

Name
Carol E Herman
Title
Secretary
Signed
2016-08-16
Discuss with paid preparer
Yes

Organization Details

Formed
1930
Legal Domicile
Or
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Hoots Baker & Wiley Pc
Address
2001 FRONT STREET NE SUITE 120, SALEM, OR 97301
Preparer
Betty H Wiley
Phone
5035851782
Supplemental Narrative

Financial Statement Notes

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

“The trustee invests, manages, and distributes endowment funds subject to the foundation's governing documents and the oregon uniform prudent management of institutional funds act (upmifa). The governing documents provide that up to 4% of the corpus of any one or more of the endowment funds in any one calendar year may be appropriated for distribution. The investment policy considers the needs and objectives of each fund and attempts to maximize total return consistent with an acceptable level of risk. Endowment assets are invested in a well-diversified asset mix that is intended to result in an inflation-protected rate of return that has sufficient liquidity to make an annual distribution of 4% while growing the fund if possible.”

Part X : FIN48 Footnote

“The foundation is a not-for-profit organization exempt from income taxes under section 501(c)(3) of the internal revenue code of 1986. An exemption from the state of oregon corporation excise tax is provided by oregon revised statutes 317.080. Management has analyzed tax positions taken on its 2012 through 2014 tax returns and those expected to be taken on its 2015 tax return and has concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions. Management is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next 12 months.”

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Rental expenses netted on form 990 $569539”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Rental expenses netted on form 990 $569539”

Raw XML AppendixShowing 400 of 855 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE SALEM FOUNDATION EXISTS FOR THE PURPOSE OF RECEIVING, SAFEGUARDING, AND DISBURSING FUNDS FOR CHARITABLE PURPOSES IN THE VICINITY OF SALEM, OREGON. MORE THAN 90 CHARITABLE ORGANIZATIONS AND 17 COLLEGE STUDENTS BENEFITED DURING THE CURRENT FISCAL YEAR.
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt024379
IRS990/OtherAssetsTotalGrp/EOYAmt034392
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0DEPT OF JUSTICE FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01200
IRS990/OtherExpensesGrp/TotalAmt01200
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IRS990/OtherLiabilitiesGrp/EOYAmt027206
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
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IRS990/OtherRevenueTotalAmt0781
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0120921
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0129826
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01825214
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01835745
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0430000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PriorPeriodAdjustmentsAmt0393735
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0COLLEGE SCHOLARSHIPS WERE AWARDED TO 17 STUDENTS IN THE SALEM AREA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt016718
IRS990/ProgSrvcAccomActy2Grp/GrantAmt016718
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02485130
IRS990/PYExcessBenefitTransInd0false
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IRS990/PYInvestmentIncomeAmt0531619
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt011101
IRS990/PYOtherRevenueAmt0301489
IRS990/PYRevenuesLessExpensesAmt0633322
IRS990/PYSalariesCompEmpBnftPaidAmt0293726
IRS990/PYTotalExpensesAmt02684916
IRS990/PYTotalRevenueAmt03318238
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-411434
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0435003
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01820064
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01833770
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01422935
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/FactsAndCircumstancesTestTxt0Current Year Facts and Circumstances: THE SALEM FOUNDATION IS A COMMUNITY TRUST WHICH TYPICALLY ATTRACTS LARGE CONTRIBUTIONS FROM FEWER DONORS FOR THE BENEFIT OF THE SALEM, OREGON COMMUNITY. ITS GOVERNING BODY IS REPRESENTATIVE OF THE COMMUNITY; IT MAKES GRANTS AMONG OTHER SECTION 501 (C) (3) ORGANIZATIONS IN THE AREA; AND IT SOLICITS CONTRIBUTIONS AS IS APPROPRIATE TO ITS STANDING IN THE COMMUNITY BY WORD OF MOUTH, PAMPHLETS, AND OCCASIONAL PUBLICITY. THE SALEM FOUNDATION ENGAGES IN FUND RAISING BY MAKING LOCAL BANKS, LAWYERS, AND OTHER PROFESSIONALS IN THE COMMUNITY AWARE OF ITS CHARITABLE PURPOSES IN AND AROUND SALEM. AS IS TYPICAL OF A COMMUNITY TRUST, THE SALEM FOUNDATION MEETS THE 10% FACTS AND CIRCUMSTANCES PUBLIC SUPPORT TEST.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01500162
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02032092
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0732083
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02272523
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0218973
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06755833
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01397627
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01300607
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01326080
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01330839
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01306229
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06661382
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicSupportCY170Pct00.21010
IRS990ScheduleA/PublicSupportPY170Pct00.16510
IRS990ScheduleA/PublicSupportTotal170Amt02818580
IRS990ScheduleA/SubstantialContributorsTotAmt03937253
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01500162
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02032092
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0732083
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02272523
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0218973
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06755833
IRS990ScheduleA/TotalSupportAmt013417215
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01765815
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01498485
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt03264300
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt031905
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02177175
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt010531
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02215189
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt029375
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt088763
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IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt01592826
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IRS990ScheduleD/OtherExpensesIncludedAmt0569539
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027206
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT AND DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0569539
IRS990ScheduleD/PriorYearAdjustmentsAmt0-393735
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.82870
IRS990ScheduleD/RelatedOrgListSchRInd0false
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IRS990ScheduleD/RevenueSubtotalAmt03188252
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUSTEE INVESTS, MANAGES, AND DISTRIBUTES ENDOWMENT FUNDS SUBJECT TO THE FOUNDATION'S GOVERNING DOCUMENTS AND THE OREGON UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA). THE GOVERNING DOCUMENTS PROVIDE THAT UP TO 4% OF THE CORPUS OF ANY ONE OR MORE OF THE ENDOWMENT FUNDS IN ANY ONE CALENDAR YEAR MAY BE APPROPRIATED FOR DISTRIBUTION. THE INVESTMENT POLICY CONSIDERS THE NEEDS AND OBJECTIVES OF EACH FUND AND ATTEMPTS TO MAXIMIZE TOTAL RETURN CONSISTENT WITH AN ACCEPTABLE LEVEL OF RISK. ENDOWMENT ASSETS ARE INVESTED IN A WELL-DIVERSIFIED ASSET MIX THAT IS INTENDED TO RESULT IN AN INFLATION-PROTECTED RATE OF RETURN THAT HAS SUFFICIENT LIQUIDITY TO MAKE AN ANNUAL DISTRIBUTION OF 4% WHILE GROWING THE FUND IF POSSIBLE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. AN EXEMPTION FROM THE STATE OF OREGON CORPORATION EXCISE TAX IS PROVIDED BY OREGON REVISED STATUTES 317.080. MANAGEMENT HAS ANALYZED TAX POSITIONS TAKEN ON ITS 2012 THROUGH 2014 TAX RETURNS AND THOSE EXPECTED TO BE TAKEN ON ITS 2015 TAX RETURN AND HAS CONCLUDED THAT NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS SHOULD BE RECORDED RELATED TO UNCERTAIN TAX POSITIONS. MANAGEMENT IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE MATERIALLY IN THE NEXT 12 MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES NETTED ON FORM 990 $569539
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3RENTAL EXPENSES NETTED ON FORM 990 $569539
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.17130
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04265879

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,629,493
Liabilities
$812,206
Net assets
$21,817,287
Revenue
$3,188,252
Expenses
$3,599,686
Net income
-$411,434
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.6$0.28$37.3$9.54$11.4$1.84
2024Detailed filing. Detailed filing data is available for this year.$39.6$0.79$38.8$10.4$6.61$3.76
2023Detailed filing. Detailed filing data is available for this year.$34.5$0.23$34.3$3.35$4.12$0.77
2022Detailed filing. Detailed filing data is available for this year.$34.6$0.30$34.3$4.74$4.44$0.29
2021Detailed filing. Detailed filing data is available for this year.$35.7$0.38$35.3$4.31$3.56$0.75
2020Detailed filing. Detailed filing data is available for this year.$29.6$0.29$29.3$2.23$2.82$0.59
2019Detailed filing. Detailed filing data is available for this year.$29.9$0.54$29.4$4.65$2.63$2.02
2018Detailed filing. Detailed filing data is available for this year.$26.3$0.52$25.8$3.20$1.86$1.34
2017Detailed filing. Detailed filing data is available for this year.$24.3$0.87$23.4$2.61$1.82$0.80
2016Detailed filing. Detailed filing data is available for this year.$22.6$0.81$21.8$3.19$3.60$0.41
2015Detailed filing. Detailed filing data is available for this year.$22.6$0.42$22.1$3.32$2.68$0.63
2014Detailed filing. Detailed filing data is available for this year.$21.4$0.67$20.7$1.67$2.17$0.50
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.8$0.86$20.0$1.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.3$1.04$17.3$1.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.6$1.15$17.4$2.49