Stone Soup Pdx FY2020 filing

Tax-deductible

Portland, OR501(c)(3)Human ServicesEIN 83-2501091

Stone soup empowers people experiencing barriers to employment to achieve self-reliance through training for careers in the foodservice industry.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$46K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
4 of 5
years in the black
Worth a look: 1 of the last 5 filings shows a deficit.
Pt I · Ln 19 · 5 filings
How much reaches the programs?
88%
of spending
Looks good: 88% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
What are leaders paid?
$46K
to officers and key staff · 2% of spending
Looks good: leaders' pay is 2% of spending; 15% or less looks good.
Pt VII · Sec A
Do they have reserves?
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
2
named funders · $24K
Worth a look: 2 funders name it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$24K
liabilities
Looks good: debts are 4% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
5
independent of 6 voting board members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$2.8M
Spent
$2.3M
To programs
88%
Net assets
$565K
By yearFY2020–FY2024
Revenue
$2.8M
FY2020
Revenue by fiscal year
FY2020$2.8M
FY2021$2.6M
FY2022$1.5M
FY2023$875K
FY2024$1.4M
Expenses
$2.3M
FY2020
Expenses by fiscal year
FY2020$2.3M
FY2021$2.1M
FY2022$1.4M
FY2023$1.2M
FY2024$1.4M
Net assets
$565K
FY2020
Net assets by fiscal year
FY2020$565K
FY2021$1.1M
FY2022$1.2M
FY2023$895K
FY2024$936K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CStone Soup Pdx
EINHdr · item D83-2501091
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2019
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CPortland, OR
NTEE classificationIRS BMFHuman Services (P20)
WebsiteHdr · item Jwww.stonesouppdx.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.11 Fundraising $0.01
Program services88%$2.0M
Management & general11%$243K
Fundraising1%$33K
Total functional expensesLn 25$2.3M

Financial health

Is it on solid ground?

Program efficiency
88%
of spending reaches programs
Operating runway
3.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+18%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$588K
FY2020
Total assets by fiscal year
FY2020$588K
FY2021$1.2M
FY2022$1.2M
FY2023$904K
FY2024$945K
Total liabilities
$24K
FY2020
Total liabilities by fiscal year
FY2020$24K
FY2021$46K
FY2022$37K
FY2023$9K
FY2024$9K
Revenue less expensesPt I · Ln 19$499K
Total assetsPt X · Ln 16$588K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$566K
Total assetsLn 16$588K
Total liabilitiesLn 26$24K
Total net assetsLn 32$565K
Months of cash on handcomputed3.0

Statement of Revenue

Part VIII
Contributions & grants$2.8M · 99%
Other revenue$22K · 1%
Contributions & grants99%$2.8M
Other revenue1%$22K
Investment income$9
— government grantsLn 1e$2.3M
Total revenueLn 12$2.8M

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $566K · Operating expenses (Pt IX) $2.3M · Less non-cash grants $15K · Cash operating expenses/yr $2.3M
3.0 months
Where the money goes
Program services
Program services $2.0M · Total expenses $2.3M
88%
Management & General
Management & general $243K · Total expenses $2.3M
11%
Fundraising
Fundraising $33K · Total expenses $2.3M
1%
Cost to raise $1
Fundraising expense $33K · Solicited contributions $463K
$0.07 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $2.8M · Total revenue $2.8M
99%
Government reliance
Government grants $2.3M · Total revenue $2.8M
83%
Earned-income share
Program service revenue $0 · Total revenue $2.8M
0%
Investment reliance
Investment income $9 · Total revenue $2.8M
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.3M
0%
Growth & trend
Revenue growth (YoY)
This year $2.8M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $565K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.8M · Expenses $2.3M
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $588K
—
Net-asset ratio
Net assets $565K · Total assets $588K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $588K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Craig Gerard · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $46K · Total expenses $2.3M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $322K · Total expenses $2.3M
14%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%——
Overhead ratio 11%——
Fundraising cost ratio 1%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$45,615Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Directors
$0Pt VII · Sec A
Directors
$0Pt VII · Sec A

Ellen Damschino’s $97K as Executive Director is at the 32nd percentile of top reported officer pay among 3869 $1–10M human services 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ellen Damschino$97,170————
Aaron Babbie—$73,305$36,392——
Craig Gerard—$48,467$66,417$67,076$45,615
Craig Gerard Exec Director 1-31 Jan$48,290————

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.

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Trains people facing employment barriers for foodservice careers, fostering self-reliance.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $2.0M of program spending, described in the organization's own filed words · FY2020.
01

Starting in march 2020, stone soup capitalized on our partnerships to provide meals to those in need of support by coordinating and cooking meals for physical distancing shelters set up by multnomah county.

$1.8Mprogram expense
02

In 2020, stone soup continued to fulfill our mission of training those with barriers to employment. Despite the COVID-19 pandemic, which did reduce both the number of cohorts entering our program and the number of participants per cohort, we were able to enroll 29 participants during 2020. Of those, 20 of them graduated from the program.

$200Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Larson LegacyFY2025$15K
Soar 4 INCFY2025$9K
Total grants receivedfrom 2 funders$24K
Grants paid · 2 grants · $160K · 2023–2024
Unitemized GrantFY2024$101,967
Unitemized GrantFY2023$57,804

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $1.4M$1.4M+64% 990 PDF
FY2023 $875K$1.2M-41% 990 PDF
FY2022 $1.5M$1.4M-42% 990 PDF
FY2021 $2.6M$2.1M-8% 990 PDF
FY2020 Viewing $2.8M$2.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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