Olympic View Community Foundation FY2023 filing

Tax-deductible

Sequim, WA501(c)(3)Foundations & GrantmakersEIN 91-2084105Revenue $794K in FY2023

On file with the IRSov-cf.orgPo Box 3651, 98382-5047 · Sequim, WATax-exempt since Jan 2001Publicly supported charity — 170(b)(1)(A)(vi)

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OVCF mission is to "improve the quality of life by connecting people who care with causes that matter." To fulfill this mission, we make grants; we champion philanthropy; and we convene and connect people and organizations, building partnerships for greater community impact.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
3 of 5
filings with a surplus
Average surplus $142K a year · 54% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$794K
×12 vs prior year
Spent
$158K
To programs
97%
Net assets
$950K
By yearFY2020–FY2024
Revenue
$794K
FY2023▲ ×12
Tap a bar for its year
Revenue by fiscal year
FY2020$59K
FY2021$78K
FY2022$65K
FY2023$794K
FY2024$310K
Expenses
$158K
FY2023▲ +79%
Tap a bar for its year
Expenses by fiscal year
FY2020$95K
FY2021$70K
FY2022$88K
FY2023$158K
FY2024$185K
Net assets
$950K
FY2023▲ +202%
Tap a bar for its year
Net assets by fiscal year
FY2020$329K
FY2021$338K
FY2022$314K
FY2023$950K
FY2024$1.1M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Jan 2001.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $153K Management & general 3% · $5K Fundraising 0% · $295

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Board Vice President
$0Pt VII · Sec A
Board Member at Large
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Member at Large
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member at Large
$0Pt VII · Sec A
Board Member at Large
$0Pt VII · Sec A
See Olympic View Community Foundation executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects caring people with important causes, funding initiatives and fostering partnerships for community betterment.

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Provided by the organization

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1 program · $153K · in their own filed words · FY2023
01

OVCF coordinates a countywide nonprofit alliance, provides leadership and professional development and educational opportunities to nonprofit organizations. 1) Provided 11 grants totaling $17,100 to local nonprofit programs such as food banks, housing programs, youth and senior services, animal welfare, recreational programs, education…

$153Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$30K
Grants paid · 4 grants · $68K · 2020–2023
Unitemized GrantFY2022$6,500
Unitemized GrantFY2021$12,745
Unitemized GrantFY2020$43,009

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$794K
Ln 12
Gifts and grantsLn 1h$644K
Other incomeLn 4–11$128K
Fees for servicesLn 2g$22K
Money outPt IX
$158K
Ln 25
Programscol B$153K
Managementcol C$5K
Fundraisingcol D$295
Owns and owesPt X
$950K
net assets · Ln 32
Cash and savingsLn 1–2$99K
Total assetsLn 16$950K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$644K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$22K
Investment incomeLn 3$311
Other incomeLn 4–11$128K
Total revenueLn 12$794K
Assets in detailPt X, end of year
SavingsLn 2$99K
Cash and savings togetherLn 1–2$99K
InvestmentsLn 11–13$851K
Total assetsLn 16$950K
LiabilitiesLn 26$0
Net assetsLn 32$950K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$91K$99K
InvestmentsLn 11–13$239K$851K
Total assetsLn 16$331K$950K
LiabilitiesLn 26$16K$0
Net assetsLn 32$314K$950K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$49K$49K
Grants to domestic individualsLn 2$0$0
Other salaries and wagesLn 7$25K$25K
Payroll taxesLn 10$2K$2K
Accounting feesLn 11c$4K$4K
Office expensesLn 13$3K$2K$663$295
Information technologyLn 14$764$764
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$171$171
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$71K$71K$0$0
Total functional expensesLn 25$158K$153K$5K$295

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $310K$185K$125K$1.1M 990 PDF
FY2023 Viewing $794K$158K$635K$950K 990 PDF
FY2022 $65K$88K−$23K$314K 990 PDF
FY2021 $78K$70K$9K$338K 990 PDF
FY2020 $59K$95K−$36K$329K 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 FY2023 990 (6 parts)
Part I · Summary $793,530 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $46,545$643,693
I-9 Program service revenuePrior year $9,250$21,801
I-10 Investment incomePrior year $0$311
I-11 Other revenuePrior year $9,121$127,725
I-12 Total revenuePrior year $64,916$793,530
I-13 Grants and similar amounts paidPrior year $18,237$48,600
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $19,653$27,451
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $50,477$82,346
I-18 Total expensesPrior year $88,367$158,397
I-19 Revenue less expensesPrior year −$23,451$635,133
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $793,530 across 13 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$643,693
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$643,693
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,801 · Unrelated business $0 · Excluded from tax $0$21,801
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $311$311
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $127,725 · Unrelated business $0 · Excluded from tax $0$127,725
VIII-12 Total revenueRelated to mission $149,526 · Unrelated business $0 · Excluded from tax $311$793,530
Part IX · Statement of functional expenses $158,397 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $48,600$48,600
IX-2 Grants to domestic individualsPrograms $0$0
IX-7 Other salaries and wagesPrograms $25,391$25,391
IX-10 Payroll taxesPrograms $2,060$2,060
IX-11c Accounting feesManagement $4,200$4,200
IX-13 Office expensesPrograms $1,672 · Management $663 · Fundraising $295$2,630
IX-14 Information technologyPrograms $764$764
IX-17 TravelPrograms $1,744$1,744
IX-19 Conferences, conventions and meetingsPrograms $171$171
IX-23 InsurancePrograms $2,087$2,087
IX-24 Other expenses (24a–d)Programs $70,750 · Management $0 · Fundraising $0$70,750
IX-25 Total functional expensesPrograms $153,239 · Management $4,863 · Fundraising $295$158,397
Part X · Balance sheet $949,611 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $90,754$99,107
X-3 Pledges and grants receivableStart of year $273$0
X-9 Prepaid expenses and deferred chargesStart of year $882$0
X-11 Publicly traded securitiesStart of year $238,803$850,504
X-16 Total assetsStart of year $330,712$949,611
X-17 Accounts payable and accrued expensesStart of year $3,000$0
X-19 Deferred revenueStart of year $1,282$0
X-24 Unsecured notes and loans payableStart of year $11,949$0
X-26 Total liabilitiesStart of year $16,231$0
X-32 Total net assets or fund balancesStart of year $314,481$949,611
X-33 Total liabilities and net assetsStart of year $330,712$949,611
Part XI · Reconciliation of net assets $949,611 net assets at year end
XI-1 Total revenue$793,530
XI-2 Total expenses$158,397
XI-3 Revenue less expenses$635,133
XI-4 Net assets at start of year$314,481
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$3
XI-10 Net assets at end of year$949,611

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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