Chehalem Park Foundation EIN 93-0843837 Form 990 (PDF) Claim this org

Chehalem Park Foundation FY2023 filing

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Funds recreational facilities and services for Newberg, Oregon residents. For fiscal year 2023 it reported $126K in revenue, $62K in expenses, and $363K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Newberg, OR
Website
www.cprdnewberg.org
Filings
5 on file (2020–2023)
Revenue
$126KFY2023
Expenses
$62K
Net assets
$363K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  93-0843837 Public foundation / grantmaker Newberg, OR
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Funds recreational facilities and services for Newberg, Oregon residents.
Leadership
Matthew Smith · President
Money in and out
$126K revenue, $62K expenses
Bottom line
95% program efficiency
Grants paid & assets · FY2023
Total revenue
$126K
Pt VIII · Ln 12
Total expenses
$62K
Pt IX · Ln 25
Net assets
$363K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $65K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs
Operating runway
70.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+51%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$126K
FY2023▲ +394%
Expenses
$62K
FY2023▲ +149%
Total assets
$363K
FY2023▲ +22%
Total liabilities
$0
FY2023
Total revenue
$126K
Pt VIII · Ln 12
Total expenses
$62K
Pt IX · Ln 25
Net assets
$363K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$65K
Total assetsPt X · Ln 16$363K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChehalem Park Foundation
EINHdr · item D93-0843837
Principal addressHdr · item CNewberg, OR
WebsiteHdr · item Jwww.cprdnewberg.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFMar 1984

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Superintendent/Registered Agent
$0Pt VII · Sec A
See Chehalem Park Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $58K of program spending, described in the organization's own filed words · FY2023.
01

Chehalem Park Foundation supports Chehalem Park and Recreation District (a political subdivision) of Newberg, Oregon, whose mission is providing recreational facilities and services to constituents.

$58Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$110K · 87%
Other revenue$12K · 10%
Program service revenue$4K · 3%
Contributions & grants87%$110K
Other revenue10%$12K
Program service revenue3%$4K
Investment income$411
Total revenueLn 12$126K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$58K
Management & general5%$3K
Total functional expensesLn 25$62K

Balance Sheet

Part X · end of year
CashLn 1$363K
Total assetsLn 16$363K
Total liabilitiesLn 26$0
Total net assetsLn 32$363K
Months of cash on handcomputed70.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $363K · Operating expenses/yr $62K
70.7 months
Where the money goes
Program services
Program services $58K · Total expenses $62K
95%
Management & General
Management & general $3K · Total expenses $62K
5%
Fundraising
Fundraising $0 · Total expenses $62K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $67K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $110K · Total revenue $126K
87%
Government reliance
Government grants $0 · Total revenue $126K
0%
Earned-income share
Program service revenue $4K · Total revenue $126K
3%
Investment reliance
Investment income $411 · Total revenue $126K
+0.3%
Program self-sufficiency
Program service revenue $4K · Total expenses $62K
6%
Growth & trend
Revenue growth (YoY)
This year $126K · Prior year $26K
+394%
Net-asset trend (YoY)
End of year $363K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $126K · Expenses $62K
+51%
Liabilities-to-Assets
Total liabilities — · Total assets $363K
Net-asset ratio
Net assets $363K · Total assets $363K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $363K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Matthew Smith · Reported title President · Highest reported compensation $0 · Total expenses $62K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $62K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Revenue growth 394%
Accounting fee ratio 4%

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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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$120K revenue · ⤓ 990 PDF
FY2023$126K revenue · viewing · ⤓ 990 PDF
FY2022$26K revenue · ⤓ 990 PDF
FY2021$94K revenue · ⤓ 990 PDF
FY2020$46K revenue · ⤓ 990 PDF

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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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