Lincoln County Foundation

Tax-deductible

Newport, OR501(c)(3)Since 1965Foundations & GrantmakersEIN 93-6030371

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The Lincoln County Foundation is an agency established to receive, administer and disburse funds and other property to assist the people of Lincoln County, oregon; particularly the young people through grants and scholarships.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 8 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 4
filings with a surplus
Average surplus $259K a year · 26% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$48K
to officers and key staff · 6% of spending
Top officer’s pay lower than 94% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $177K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
12% of total assets
Looks good: liabilities are 12% 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
$1.1M
+23% vs prior year
Spent
$824K
To programs
90%
Net assets
$8.3M
By yearFY2021–FY2024
Revenue
$1.1M
FY2024▲ +23%
Revenue by fiscal year
FY2021$604K
FY2022$1.7M
FY2023$718K
FY2024$926K
FY2024$1.1M
Expenses
$824K
FY2024▼ -30%
Expenses by fiscal year
FY2021$224K
FY2022$785K
FY2023$749K
FY2024$1.2M
FY2024$824K
Net assets
$8.3M
FY2024▲ +11%
Net assets by fiscal year
FY2021$7.8M
FY2022$6.8M
FY2023$7.2M
FY2024$7.5M
FY2024$8.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1965.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $740K Management & general 9% · $73K Fundraising 1% · $11K

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

9 people listed on the 990; $48K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$48,000Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer an
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jon Zagel’s $48K as Executive Di is at the 6th percentile of top reported officer pay among 1690 $1–10M 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 · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Jon Zagel$48,000$48,280$48,000——
Jon Zagel CPA———$48,000$32,000

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.

See Lincoln County 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

Provides grants and scholarships to help Lincoln County residents, especially young people.

Provided by the organization

This section is blank until Lincoln County Foundation claims this page.

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2 program services account for $740K of program spending, described in the organization's own filed words · FY2024.
01

Lincoln county foundation provided scholarships to 128 students totaling 662,896 during the fiscal year ended june 30, 2025. The scholarship program is designed to assist students in lincoln county oregon with their educational endeavors.

$663Kprogram expense
02

Lincoln county foundation provided grants to area governmental agencies, nonprofit organizations, and other organizations to support their operations and the services they provide to the public. See schedule I of this return for details.

$77Kprogram expense

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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
See all 4 funders →
Grants paid · 21 grants · $2.9M · 2020–2024
Unitemized GrantFY2024$662,896
Unitemized GrantFY2023$681,319
City of WaldportFY2023$130,000
Seashore Family LiteracyOR · FY2023$19,952
Olalla CenterOR · FY2023$6,221
Unitemized GrantFY2022$495,135
Individual RecipientFY2022$30,388
Lincoln City Rotary Projects FundFY2022$16,284
Individual RecipientFY2022$7,528
KidwindFY2022$6,100
Unitemized GrantFY2021$559,705
Newport Rotary ClubFY2021$18,500
Individual RecipientFY2021$7,860
Individual RecipientFY2021$7,528
Or Coast Council for the ArtsFY2021$7,256
See all 21 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$638K
Investment incomeLn 3$499K
Money outPt IX
$824K
Ln 25
Programscol B$740K
Managementcol C$73K
Fundraisingcol D$11K
Owns and owesPt X
$8.3M
net assets · Ln 32
Cash and savingsLn 1–2$475K
Total assetsLn 16$9.4M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$638K
Noncash giftsLn 1g$45K
Investment incomeLn 3$499K
Gains on assetsLn 7$323K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
SavingsLn 2$475K
Cash and savings togetherLn 1–2$475K
InvestmentsLn 11–13$9.0M
Total assetsLn 16$9.4M
LiabilitiesLn 26$1.1M
Net assetsLn 32$8.3M
OperationsPt I, VI
EmployeesI 51
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$101K$475K
InvestmentsLn 11–13$8.5M$9.0M
Total assetsLn 16$8.6M$9.4M
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32$7.5M$8.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$35K$35K
Grants to domestic individualsLn 2$663K$663K
Pay of current officers, directors and key staffLn 5$48K$38K$5K$5K
Payroll taxesLn 10$4K$4K$440$440
Accounting feesLn 11c$8K$8K
Office expensesLn 13$414$414
Information technologyLn 14$16K$16K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$47K$155$41K$6K
Total functional expensesLn 25$824K$740K$73K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $926K$1.2M−$256K$7.5M 990 PDF
FY2023 $718K$749K−$31K$7.2M 990 PDF
FY2022 $1.7M$785K$941K$6.8M 990 PDF
FY2021 $604K$224K$381K$7.8M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,137,596 across 6 lines filed
VIII-1f All other contributions, gifts and grants$638,143
VIII-1g Noncash contributions (included above)$45,400
VIII-1h Total contributions, gifts and grants$638,143
VIII-3 Investment incomeExcluded from tax $176,392$176,392
VIII-7 Net gain or loss on sales of assetsRelated to mission $323,061$323,061
VIII-12 Total revenueRelated to mission $323,061 · Excluded from tax $176,392$1,137,596
Part IX · Statement of functional expenses $824,071 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $34,970$34,970
IX-2 Grants to domestic individualsPrograms $662,896$662,896
IX-5 Pay of current officers, directors and key staffPrograms $38,400 · Management $4,800 · Fundraising $4,800$48,000
IX-10 Payroll taxesPrograms $3,519 · Management $440 · Fundraising $440$4,399
IX-11c Accounting feesManagement $8,287$8,287
IX-13 Office expensesManagement $414$414
IX-14 Information technologyManagement $15,840$15,840
IX-23 InsuranceManagement $2,234$2,234
IX-24 Other expenses (24a–d)Programs $155 · Management $40,857 · Fundraising $6,019$47,031
IX-25 Total functional expensesPrograms $739,940 · Management $72,872 · Fundraising $11,259$824,071
Part X · Balance sheet $9,434,295 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $101,059$475,398
X-11 Publicly traded securitiesStart of year $8,451,857$8,958,897
X-16 Total assetsStart of year $8,552,916$9,434,295
X-17 Accounts payable and accrued expenses$2,267
X-18 Grants payableStart of year $1,066,235$1,133,409
X-26 Total liabilitiesStart of year $1,066,235$1,135,676
X-27 Net assets without donor restrictionsStart of year $4,215,193$4,404,749
X-28 Net assets with donor restrictionsStart of year $3,271,488$3,893,870
X-32 Total net assets or fund balancesStart of year $7,486,681$8,298,619
X-33 Total liabilities and net assetsStart of year $8,552,916$9,434,295
Part XI · Reconciliation of net assets $8,298,619 net assets at year end
XI-1 Total revenue$1,137,596
XI-2 Total expenses$824,071
XI-3 Revenue less expenses$313,525
XI-4 Net assets at start of year$7,486,681
XI-5 Net unrealized gains (losses) on investments$498,413
XI-10 Net assets at end of year$8,298,619

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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