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Billi Irene Odegaard Fund FY2023 filing

Tax-deductible

Portland, OR501(c)(3)EducationEIN 92-0564809Revenue $360K in FY2023

On file with the IRSbilliodegaardfund.orgPo Box 16008, 97292-0008 · Portland, ORTax-exempt since Mar 2023Publicly supported charity — 170(b)(1)(A)(vi)

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To provide scholarships and academic support to eligible persons of ethnic minority status in oregon to become registered nurses or advance their nursing education.

501(c)(3) charity; gifts are tax-deductible.
91¢ 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $770K a year · 89% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
105 mo
of spending, in cash
Looks good: 105.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2.2M
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
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$360K
Spent
$37K
To programs
91%
Net assets
$323K
By yearFY2023–FY2025
Revenue
$360K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$360K
FY2024$18K
FY2025$2.2M
Expenses
$37K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$37K
FY2024$150K
FY2025$93K
Net assets
$323K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$323K
FY2024$191K
FY2025$2.4M

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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2023.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $34K Management & general 9% · $3K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Paul Cosgrove
Member at La
$0Pt VII · Sec A
Beth Doyle
Member at La
$0Pt VII · Sec A
Leanne Fernald
Member at La
$0Pt VII · Sec A
$0Pt VII · Sec A
Violet Larry
Member at La
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Billi Irene Odegaard Fund 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 15aNo

Programs and updates

Offers scholarships and academic help for ethnic minorities pursuing nursing careers in Oregon.

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Provided by the organization

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1 program · $34K · in their own filed words · FY2023
01

The goal of the billi I. Odegaard fund is to increase the supply of ethnic minority nurses to care for ethnic minority communities in oregon. To that end, we provide scholarships and academic support to eligible persons of ethnic minority status in oregon to become registered nurses or advance their nursing education.

$34Kprogram 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
Careoregon INCFY2024$2.2M
Total grants receivedfrom 1 funder$2.2M
Grants paid · 3 grants · $227K · 2023–2025
Unitemized GrantFY2025$68,439
Unitemized GrantFY2024$135,778
Unitemized GrantFY2023$22,404

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$360K
Ln 12
Gifts and grantsLn 1h$360K
Investment incomeLn 3$107
Money outPt IX
$37K
Ln 25
Programscol B$34K
Managementcol C$3K
Owns and owesPt X
$323K
net assets · Ln 32
Cash and savingsLn 1–2$323K
Total assetsLn 16$323K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$360K
Noncash giftsLn 1g$1K
Investment incomeLn 3$107
Total revenueLn 12$360K
Assets in detailPt X, end of year
CashLn 1$73K
SavingsLn 2$250K
Cash and savings togetherLn 1–2$323K
Total assetsLn 16$323K
LiabilitiesLn 26$0
Net assetsLn 32$323K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$323K
Total assetsLn 16$0$323K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$323K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$22K$22K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$11K$11K
Information technologyLn 14$541$541
TravelLn 17$137$137
InsuranceLn 23$871$120$751
Other expenses (24a–d)Ln 24$808$13$795
Total functional expensesLn 25$37K$34K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.2M$93K$2.1M$2.4M 990 PDF
FY2024 $18K$150K−$132K$191K 990 PDF
FY2023 Viewing $360K$37K$323K$323K 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 $360,068 revenue, 12 lines filed
I-8 Contributions and grants$359,961
I-9 Program service revenue$0
I-10 Investment income$107
I-11 Other revenue$0
I-12 Total revenue$360,068
I-13 Grants and similar amounts paid$22,404
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$14,454
I-18 Total expenses$36,858
I-19 Revenue less expenses$323,210
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $360,068 across 5 lines filed
VIII-1f All other contributions, gifts and grants$359,961
VIII-1g Noncash contributions (included above)$1,311
VIII-1h Total contributions, gifts and grants$359,961
VIII-3 Investment incomeRelated to mission $107$107
VIII-12 Total revenueRelated to mission $107$360,068
Part IX · Statement of functional expenses $36,858 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $22,404$22,404
IX-11g Other fees for servicesManagement $1,250$1,250
IX-12 Advertising and promotionPrograms $10,847$10,847
IX-14 Information technologyManagement $541$541
IX-17 TravelPrograms $137$137
IX-23 InsurancePrograms $120 · Management $751$871
IX-24 Other expenses (24a–d)Programs $13 · Management $795$808
IX-25 Total functional expensesPrograms $33,521 · Management $3,337 · Fundraising $0$36,858
Part X · Balance sheet $323,210 assets, 7 lines filed
X-1 Cash, non-interest-bearing$73,016
X-2 Savings and temporary cash investments$250,194
X-16 Total assetsStart of year $0$323,210
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$323,210
X-32 Total net assets or fund balancesStart of year $0$323,210
X-33 Total liabilities and net assetsStart of year $0$323,210
Part XI · Reconciliation of net assets $323,210 net assets at year end
XI-1 Total revenue$360,068
XI-2 Total expenses$36,858
XI-3 Revenue less expenses$323,210
XI-10 Net assets at end of year$323,210

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

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