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.
70¢ of each $1 spent went to programs.
$32K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
3 of 5
filings with a surplus
Average surplus $270K a year · 26% 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
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$32K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
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
$499K
6% of total assets
Looks good: liabilities are 6% 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
$604K
Spent
$224K
To programs
70%
Net assets
$7.8M
By yearFY2021–FY2025
Revenue
$604K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$604K
FY2022$1.7M
FY2023$718K
FY2024$926K
FY2025$1.1M
Expenses
$224K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$224K
FY2022$785K
FY2023$749K
FY2024$1.2M
FY2025$824K
Net assets
$7.8M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$7.8M
FY2022$6.8M
FY2023$7.2M
FY2024$7.5M
FY2025$8.3M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 1965.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $157K Management & general 6% · $13K Fundraising 24% · $54K

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; $32K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Di
$32,000Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Correspondin
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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

NameFY2025FY2024FY2023FY2022FY2021
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.

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Provided by the organization

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2 programs · $157K · in their own filed words · FY2020
01

Lincoln county foundation provided scholarships to 50 students totaling 136,900 during the fiscal year ended june 30, 2021. The scholarship program is designed to assist students in lincoln county oregon with their educational endeavors.

$137Kprogram expense
02

Lincoln county foundation provided grants to 5 area nonprofit organizations totaling 20,531 to support their operations and the services they provide to the public. See schedule I of this return for details.

$21Kprogram 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
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 FY2021 990, line by line.

1The main four
Money inPt VIII
$604K
Ln 12
Gifts and grantsLn 1h$304K
Investment incomeLn 3$301K
Money outPt IX
$224K
Ln 25
Programscol B$157K
Managementcol C$13K
Fundraisingcol D$54K
Owns and owesPt X
$7.8M
net assets · Ln 32
Cash and savingsLn 1–2$128K
Total assetsLn 16$8.3M
LiabilitiesLn 26$499K
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$304K
Investment incomeLn 3$301K
Total revenueLn 12$604K
Assets in detailPt X, end of year
SavingsLn 2$128K
Cash and savings togetherLn 1–2$128K
InvestmentsLn 11–13$8.2M
Land, buildings, equipmentLn 10c$700
Total assetsLn 16$8.3M
LiabilitiesLn 26$499K
Net assetsLn 32$7.8M
OperationsPt I, VI
EmployeesI 51
VolunteersI 68
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$68K$128K
InvestmentsLn 11–13$6.3M$8.2M
Land, buildings, equipmentLn 10c$940$700
Total assetsLn 16$6.5M$8.3M
LiabilitiesLn 26$464K$499K
Net assetsLn 32$6.0M$7.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$21K$21K
Grants to domestic individualsLn 2$137K$137K
Pay of current officers, directors and key staffLn 5$32K$32K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$10K$10K
Investment management feesLn 11f$17K$17K
Office expensesLn 13$264$264
Depreciation, depletion and amortizationLn 22$240$240
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$1K$519$900
Total functional expensesLn 25$224K$157K$13K$54K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$824K$314K$8.3M 990 PDF
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 Viewing $604K$224K$381K$7.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $604,307 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $287,883$303,789
I-9 Program service revenue$0
I-10 Investment incomePrior year $334,621$300,518
I-11 Other revenue$0
I-12 Total revenuePrior year $622,504$604,307
I-13 Grants and similar amounts paidPrior year $304,719$157,431
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,492$35,387
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $55,152$30,898
I-18 Total expensesPrior year $361,363$223,716
I-19 Revenue less expensesPrior year $261,141$380,591
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $604,307 across 4 lines filed
VIII-1f All other contributions, gifts and grants$303,789
VIII-1h Total contributions, gifts and grants$303,789
VIII-3 Investment incomeExcluded from tax $300,518$300,518
VIII-12 Total revenueExcluded from tax $300,518$604,307
Part IX · Statement of functional expenses $223,716 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $20,531$20,531
IX-2 Grants to domestic individualsPrograms $136,900$136,900
IX-5 Pay of current officers, directors and key staffFundraising $32,000$32,000
IX-10 Payroll taxesFundraising $3,387$3,387
IX-11c Accounting feesManagement $9,844$9,844
IX-11f Investment management feesFundraising $17,494$17,494
IX-13 Office expensesManagement $264$264
IX-22 Depreciation, depletion and amortizationManagement $240$240
IX-23 InsuranceManagement $1,637$1,637
IX-24 Other expenses (24a–d)Management $519 · Fundraising $900$1,419
IX-25 Total functional expensesPrograms $157,431 · Management $12,504 · Fundraising $53,781$223,716
Part X · Balance sheet $8,344,295 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $68,074$128,437
X-3 Pledges and grants receivableStart of year $68,915$45,943
X-10c Land, buildings and equipment, netStart of year $940$700
X-11 Publicly traded securitiesStart of year $6,327,224$8,169,215
X-16 Total assetsStart of year $6,465,153$8,344,295
X-17 Accounts payable and accrued expenses$4,124
X-18 Grants payableStart of year $464,210$494,660
X-26 Total liabilitiesStart of year $464,210$498,784
X-27 Net assets without donor restrictionsStart of year $2,478,028$4,028,354
X-28 Net assets with donor restrictionsStart of year $3,522,915$3,817,157
X-32 Total net assets or fund balancesStart of year $6,000,943$7,845,511
X-33 Total liabilities and net assetsStart of year $6,465,153$8,344,295
Part XI · Reconciliation of net assets $7,845,511 net assets at year end
XI-1 Total revenue$604,307
XI-2 Total expenses$223,716
XI-3 Revenue less expenses$380,591
XI-4 Net assets at start of year$6,000,943
XI-5 Net unrealized gains (losses) on investments$1,463,977
XI-10 Net assets at end of year$7,845,511

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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