Connects donors and resources to fund community initiatives, promote volunteerism, and build social capital through collaborative local programs.
For fiscal year 2023 it reported $19.9M in revenue, $20.8M in expenses, and $170.3M in net assets.Pt I
Grants paid & assets · FY2023
Total revenue
$19.9M
Pt VIII · Ln 12
Total expenses
$20.8M
Pt IX · Ln 25
Net assets
$170.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$935K
Where spending went · Part IX cols B–D
90%
Program services $0.90 Management & general $0.05 Fundraising $0.05
Program efficiency
90%
of spending reaches programs
Operating runway
137.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-5%
revenue over expenses, this year
Summary of the Filing
Part I · fiscal year 2023 · Form 990
Revenue
$19.9M
FY2023▼ -57%
$46.5M$23.3M$0
FY2021FY2025
Expenses
$20.8M
FY2023▲ +6%
$23.1M$11.5M$0
FY2021FY2025
Total assets
$208.6M
FY2023▲ +8%
$282.6M$141.3M$0
FY2021FY2025
Total liabilities
$38.3M
FY2023▲ +13%
$51.2M$25.6M$0
FY2021FY2025
Total revenue
$19.9M
Pt VIII · Ln 12
Total expenses
$20.8M
Pt IX · Ln 25
Net assets
$170.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$935K
Total assetsPt X · Ln 16$208.6M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 415
Mission & Programs · Part III
Where the work happens
3 program services account for $18.8M of program spending, described in the organization's own filed words · FY2022.
01
Grantmaking
The foundation administered the granting of over $17 million in distributions to over 1,000 non-profits from the 1,105 funds set up by donors.
$18.4Mprogram expense
02
Scholarships
The foundation administers 111 scholarship funds and awards of $238,419 to education institutions and to 160 students paid to their respective education institutions on a semester or quarterly basis.
$238Kprogram expense
03
Community Initiatives
The foundation focuses its efforts on supporting and staffing 6 major initiatives designed to engage the community in building social capital assets, promoting volunteer involvement activities for over 5,000 people and providing leverage to generate additional funds for identified community issues.
Steven Joul’s $252K as President
is at the 55th percentile of top reported officer pay among 658 $10–100M philanthropy & grantmaking nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Steven Joul · Reported title PRESIDENT · Highest reported compensation $224K · Total expenses $20.8M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.4M · Total expenses $20.8M
11%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
90%
—
—
Overhead ratio
5%
—
—
Fundraising cost ratio
7%
—
—
Revenue growth
-57%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
0%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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