Philomath Community Foundation FY2024 filing

Public foundation / grantmaker Philomath, OR EIN 93-0981908 NTEE T31
Revenue
$119K
▲ +14%
FY2024 · Pt VIII · Ln 12
Expenses
$74K
▼ -61%
FY2024 · Pt IX · Ln 25
Net assets
$1.0M
FY2024 · Pt X · Ln 32
To programs
89%
FY2024 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2025
Revenue
$119K
FY2024▲ +14%
Expenses
$74K
FY2024▼ -61%

a public foundation based in Philomath, OR.

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Tax-deductible?
Yes
Per the IRS master file. Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Yes — filed FY2025
Foundation funders?
2 funders, incl. The Oregon Community Foundation
$8K in the latest grant year. Details →
Spent on programs?
89% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
$100K–1M
↑ +14% vs prior year Details →

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Philomath Community Foundation is a public foundation based in Philomath, OR.

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Philomath, OR
Website
[email protected]
Filings
6 on file (2020–2024)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Where the money goes · FY2024
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11
Program efficiency
89%
of spending reaches programs
Operating runway
135.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+38%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.5M
FY2024▲ +17%
Total liabilities
$420K
FY2024▲ +21%
Revenue less expensesPt I · Ln 19$45K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CPhilomath Community Foundation
EINHdr · item D93-0981908
Principal addressHdr · item CPhilomath, OR
WebsiteHdr · item J[email protected]
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T31)
Ruling yearIRS BMFJan 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
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 Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Philomath Community Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $66K of program spending, described in the organization's own filed words · FY2024.
01

Support philomath oregon community activities through grants and scholarships

$66Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$96K · 80%
Investment income$24K · 20%
Contributions & grants80%$96K
Investment income20%$24K
Total revenueLn 12$119K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$66K
Management & general11%$8K
Total functional expensesLn 25$74K

Balance Sheet

Part X · end of year
CashLn 1$112K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$420K
Total net assetsLn 32$1.0M
Months of cash on handcomputed18.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $834K · Operating expenses/yr $74K
135.4 months
Where the money goes
Program services
Program services $66K · Total expenses $74K
89%
Management & General
Management & general $8K · Total expenses $74K
11%
Fundraising
Fundraising $0 · Total expenses $74K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $91K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $96K · Total revenue $119K
80%
Government reliance
Government grants — · Total revenue $119K
—
Earned-income share
Program service revenue $0 · Total revenue $119K
0%
Investment reliance
Investment income $24K · Total revenue $119K
+20%
Program self-sufficiency
Program service revenue $0 · Total expenses $74K
0%
Growth & trend
Revenue growth (YoY)
This year $119K · Prior year $105K
+14%
Revenue CAGR
FY2020 $270K · FY2024 $119K
-18%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $119K · Expenses $74K
+38%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
—
Net-asset ratio
Net assets $1.0M · Total assets $1.5M
71%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $722K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.5M
49%
People & payroll
Highest Reported Total Compensation
Individual Doug Edmonds · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $74K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $74K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%——
Overhead ratio 11%——
Fundraising cost ratio 0%——
Revenue growth 14%——
Accounting fee ratio 6%——

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.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$8K
Grants paid · 14 grants · $303K · 2020–2025
Unitemized GrantFY2025$23,250
Philomath School DistrictFY2025$12,050
Unitemized GrantFY2024$15,750
Philomath School DistrictFY2024$7,950
Unitemized GrantFY2023$17,000
Philomath School DistrictFY2023$11,800
Philomath School DistrictFY2022$10,500
Unitemized GrantFY2022$9,500
Psd17jFY2020$8,500

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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
FY2025 (Latest)$157K revenue · ⤓ 990 PDF
FY2024$119K revenue · viewing · ⤓ 990 PDF
FY2023$105K revenue · ⤓ 990 PDF
FY2022$107K revenue · ⤓ 990 PDF
FY2021$232K revenue · ⤓ 990 PDF
FY2020$270K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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