Oak Harbor Educational Foundation FY2020 filing

Tax-deductible

Oak Harbor, WA501(c)(3)Foundations & GrantmakersEIN 91-1553166Revenue $122K in FY2020

On file with the IRSPo Box 1801, 98277-1801 · Oak Harbor, WATax-exempt since Aug 1996Publicly supported charity — 170(b)(1)(A)(vi)

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Providing scholarships, school supplies, equipment, and other needs of Oak Harbor school district 201.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
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
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $115K a year · 43% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
40 mo
of spending, in cash
Looks good: 40.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $53
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$19K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$122K
Spent
$108K
To programs
86%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$122K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$122K
FY2021$651K
FY2022$160K
FY2023$202K
FY2024$192K
Expenses
$108K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$108K
FY2021$126K
FY2022$140K
FY2023$192K
FY2024$188K
Net assets
$1.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$1.6M
FY2022$1.3M
FY2023$1.5M
FY2024$1.6M

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $94K Management & general 13% · $14K Fundraising 0% · $281

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Mark Moder’s $40K as Executive Director is at the 37th percentile of top reported officer pay among 1265 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022
Mark Moder$40,152$40,013$20,000

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides scholarships, school supplies, and equipment for Oak Harbor School District students.

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Provided by the organization

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3 programs · $94K · in their own filed words · FY2020
01

Academic and athletic scholarships were awarded to graduating seniors from oak harbor high school who are college bound. During 2020, 29 scholarships was awarded.

$69Kprogram expense
02

Support services that enable the organization to provide scholarships, grants and awards to oak harbor school district.

$16Kprogram expense
03

Grants were awarded to oak harbor school teachers for applied learning projects. Teachers and students demonstrated the outcomes of the project at our annual breakfast for the benefit of the community. Applied learning project grants totaled $9,203 for 2020.

$9Kprogram expense

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 · FY2023
Total grants receivedfrom 1 funder$53
Grants paid · 8 grants · $398K · 2020–2024
Unitemized GrantFY2024$72,993
Oak Harbor School District 201FY2024$17,128
Unitemized GrantFY2023$75,015
Unitemized GrantFY2022$57,700
Unitemized GrantFY2021$61,500
Oak Harbor School DistrictFY2021$27,611
Unitemized GrantFY2020$68,700
Oak Harbor School DistrictFY2020$17,695

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$122K
Ln 12
Gifts and grantsLn 1h$83K
Investment incomeLn 3$40K
Money outPt IX
$108K
Ln 25
Programscol B$94K
Managementcol C$14K
Fundraisingcol D$281
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$362K
Total assetsLn 16$1.0M
LiabilitiesLn 26$19K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$83K
Noncash giftsLn 1g$60
Fundraising eventsLn 1c$5K
Investment incomeLn 3$40K
Total revenueLn 12$122K
Assets in detailPt X, end of year
CashLn 1$84K
SavingsLn 2$278K
Cash and savings togetherLn 1–2$362K
InvestmentsLn 11–13$683K
Total assetsLn 16$1.0M
LiabilitiesLn 26$19K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$98K$362K
InvestmentsLn 11–13$868K$683K
Total assetsLn 16$966K$1.0M
LiabilitiesLn 26$22K$19K
Net assetsLn 32$944K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$18K$18K
Grants to domestic individualsLn 2$69K$69K
Accounting feesLn 11c$13K$13K
Investment management feesLn 11f$7K$7K
Office expensesLn 13$672$391$281
InsuranceLn 23$767$767
Other expenses (24a–d)Ln 24$60$60
Total functional expensesLn 25$108K$94K$14K$281

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $192K$188K$4K$1.6M 990 PDF
FY2023 $202K$192K$10K$1.5M 990 PDF
FY2022 $160K$140K$20K$1.3M 990 PDF
FY2021 $651K$126K$525K$1.6M 990 PDF
FY2020 Viewing $122K$108K$14K$1.0M 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
See the full FY2020 990 (6 parts)
Part I · Summary $122,207 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $57,642$82,695
I-9 Program service revenuePrior year $9,254$0
I-10 Investment incomePrior year $24,627$39,512
I-11 Other revenuePrior year $8,013$0
I-12 Total revenuePrior year $99,536$122,207
I-13 Grants and similar amounts paidPrior year $30,537$86,395
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $13,278$21,806
I-18 Total expensesPrior year $43,815$108,201
I-19 Revenue less expensesPrior year $55,721$14,006
Part VI · Governance 8 of 9 board members independent, 5 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $122,207 across 7 lines filed
VIII-1c Fundraising events$5,000
VIII-1f All other contributions, gifts and grants$77,695
VIII-1g Noncash contributions (included above)$60
VIII-1h Total contributions, gifts and grants$82,695
VIII-3 Investment incomeExcluded from tax $39,512$39,512
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $39,512$122,207
Part IX · Statement of functional expenses $108,201 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $17,695$17,695
IX-2 Grants to domestic individualsPrograms $68,700$68,700
IX-11c Accounting feesManagement $13,200$13,200
IX-11f Investment management feesPrograms $7,107$7,107
IX-13 Office expensesManagement $391 · Fundraising $281$672
IX-23 InsuranceManagement $767$767
IX-24 Other expenses (24a–d)Management $60$60
IX-25 Total functional expensesPrograms $93,502 · Management $14,418 · Fundraising $281$108,201
Part X · Balance sheet $1,044,953 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $44,586$84,303
X-2 Savings and temporary cash investmentsStart of year $53,875$277,553
X-3 Pledges and grants receivableStart of year $225$25
X-11 Publicly traded securitiesStart of year $867,658$683,072
X-16 Total assetsStart of year $966,344$1,044,953
X-17 Accounts payable and accrued expenses$12
X-18 Grants payableStart of year $21,920$19,046
X-26 Total liabilitiesStart of year $21,920$19,058
X-27 Net assets without donor restrictionsStart of year −$45,374$28,960
X-28 Net assets with donor restrictionsStart of year $989,798$996,935
X-32 Total net assets or fund balancesStart of year $944,424$1,025,895
X-33 Total liabilities and net assetsStart of year $966,344$1,044,953
Part XI · Reconciliation of net assets $1,025,895 net assets at year end
XI-1 Total revenue$122,207
XI-2 Total expenses$108,201
XI-3 Revenue less expenses$14,006
XI-4 Net assets at start of year$944,424
XI-5 Net unrealized gains (losses) on investments$67,465
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,025,895

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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