Vancouver Foundation

IRS exemption revoked

VancouverUnknown exempt organizationSince 1943EIN 98-0055968

We've been helping build healthy vibrant and livable communities across BC since 1943.Our mission is to harness the gifts of energy ideas time and money to make meaningful and lasting impacts in communities.

87¢ of each $1 spent went to programs.
Run by 160 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $88K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$26.1M
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$88.9M
Spent
$99.4M
To programs
87%
Net assets
$1.1B

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

IRS revoked this organization's tax-exempt status on May 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $86.0M Management & general 11% · $11.4M Fundraising 2% · $2.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

26 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
President CEO
$280,716Pt VII · Sec A
Vice President Donor Services
$176,089Pt VII · Sec A
Vice President Finance Technology
$163,828Pt VII · Sec A
Vice President Investments
$157,228Pt VII · Sec A
Vice President Grants and Community Initiatives
$149,904Pt VII · Sec A
Director Information Technology
$115,307Pt VII · Sec A
Director Donor Services
$110,008Pt VII · Sec A
Director Communications
$109,571Pt VII · Sec A
See Vancouver 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

Builds healthy, vibrant, and livable communities by harnessing energy, ideas, time, and money.

Provided by the organization

This section is blank until Vancouver Foundation claims this page.

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3 program services account for $81.6M of program spending, described in the organization's own filed words · FY2020.
01

Community Granting

Vancouver Foundation supports thousands of projects each year to help build healthy vibrant and livable communities across British Columbia Canada.

$58.7Mprogram expense
02

Community Response Initiative

In response to the COVID-19 pandemic Vancouver Foundation deployed the Community Response Fund to provide essential relief to charities in BC that provide health and social services or arts culture and community benefits that had been impacted by COVID-19 and its economic consequences.

$14.7Mprogram expense
03

Systems Change Grants support projects that take action to address the root causes of pressing social environmental or cultural issues by influencing the behaviors of populations organizations and institutions.

$8.3Mprogram 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
Total grants receivedfrom 2 funders$88K
Grants paid · 3 grants · $72K · 2020–2020
Regents University of CaliforniaFY2020$56,513
The New SchoolNY · FY2020$5,520

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$88.9M
Ln 12
Gifts and grantsLn 1h$48.9M
Investment incomeLn 3$40.1M
Money outPt IX
$99.4M
Ln 25
Programscol B$86.0M
Managementcol C$11.4M
Fundraisingcol D$2.0M
Owns and owesPt X
$1.1B
net assets · Ln 32
Cash and savingsLn 1–2$24.7M
Total assetsLn 16$1.1B
LiabilitiesLn 26$26.1M
PeoplePt VI, VII
26
listed · VII A
PaidVII A11
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48.9M
Government grantsLn 1e$1.6M
Noncash giftsLn 1g$7.9M
Fundraising eventsLn 1c$0
Investment incomeLn 3$40.1M
Gains on assetsLn 7$0
Total revenueLn 12$88.9M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$24.7M
Cash and savings togetherLn 1–2$24.7M
InvestmentsLn 11–13$1.09B
Land, buildings, equipmentLn 10c$644K
Other assetsLn 15$2.3M
Total assetsLn 16$1.1B
LiabilitiesLn 26$26.1M
Net assetsLn 32$1.1B
OperationsPt I, VI
EmployeesI 50
VolunteersI 6160
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$7.4M$24.7M
InvestmentsLn 11–13$1.01B$1.09B
Land, buildings, equipmentLn 10c$114K$644K
Total assetsLn 16$1.02B$1.11B
LiabilitiesLn 26$1.1M$26.1M
Net assetsLn 32$1.02B$1.09B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$72K$72K
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$83.7M$83.7M
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$1.4M$249K$699K$482K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$2.6M$1.0M$979K$627K
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$411K$114K$187K$110K
Payroll taxesLn 10$173K$59K$68K$45K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$51K$0$13K$38K
Accounting feesLn 11c$60K$0$60K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$8.1M$0$8.1M$0
Other fees for servicesLn 11g$625K$367K$232K$26K
Advertising and promotionLn 12$322K$41K$78$281K
Office expensesLn 13$149K$0$147K$2K
Information technologyLn 14$650K$49K$588K$12K
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$519K$185K$200K$133K
TravelLn 17$10K$5K$4K$2K
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$357K$131K$14K$213K
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$77K$0$77K$0
InsuranceLn 23$45K$0$45K$0
Other expenses (24a–d)Ln 24$0$0$0$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$99.4M$86.0M$11.4M$2.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $88.9M$99.4M−$10.4M$1.1B 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $88,948,385 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$7,993,779
VIII-1e Government grants$1,565,242
VIII-1f All other contributions, gifts and grants$39,301,637
VIII-1g Noncash contributions (included above)$7,940,797
VIII-1h Total contributions, gifts and grants$48,860,658
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $40,087,727$40,087,727
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $40,087,727$88,948,385
Part IX · Statement of functional expenses $99,380,234 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $72,103$72,103
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $83,743,442$83,743,442
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $249,404 · Management $698,829 · Fundraising $481,875$1,430,108
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $1,008,841 · Management $978,689 · Fundraising $627,010$2,614,540
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $114,326 · Management $186,730 · Fundraising $110,068$411,124
IX-10 Payroll taxesPrograms $59,354 · Management $68,146 · Fundraising $45,106$172,606
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $12,791 · Fundraising $38,322$51,113
IX-11c Accounting feesPrograms $0 · Management $59,710 · Fundraising $0$59,710
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $8,072,560 · Fundraising $0$8,072,560
IX-11g Other fees for servicesPrograms $367,349 · Management $231,550 · Fundraising $25,691$624,590
IX-12 Advertising and promotionPrograms $40,981 · Management $78 · Fundraising $280,903$321,962
IX-13 Office expensesPrograms $0 · Management $146,977 · Fundraising $2,298$149,275
IX-14 Information technologyPrograms $49,426 · Management $588,409 · Fundraising $12,074$649,909
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $185,190 · Management $200,005 · Fundraising $133,337$518,532
IX-17 TravelPrograms $4,533 · Management $3,676 · Fundraising $1,523$9,732
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $130,868 · Management $13,507 · Fundraising $212,993$357,368
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $76,801 · Fundraising $0$76,801
IX-23 InsurancePrograms $0 · Management $44,759 · Fundraising $0$44,759
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$0
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $86,025,817 · Management $11,383,217 · Fundraising $1,971,200$99,380,234
Part X · Balance sheet $1,114,568,560 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $7,430,004$24,712,950
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $213,359$771,462
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $77,585$66,749
X-10c Land, buildings and equipment, netStart of year $113,779$643,988
X-11 Publicly traded securitiesStart of year $852,684,957$950,467,994
X-12 Other securitiesStart of year $156,738,540$135,609,338
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $2,719,821$2,296,079
X-16 Total assetsStart of year $1,019,978,045$1,114,568,560
X-17 Accounts payable and accrued expensesStart of year $1,111,649$983,583
X-18 Grants payableStart of year $0$24,975,783
X-19 Deferred revenueStart of year $0$116,090
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $1,111,649$26,075,456
X-32 Total net assets or fund balancesStart of year $1,018,866,396$1,088,493,104
X-33 Total liabilities and net assetsStart of year $1,019,978,045$1,114,568,560
Part XI · Reconciliation of net assets $1,088,493,104 net assets at year end
XI-1 Total revenue$88,948,385
XI-2 Total expenses$99,380,234
XI-3 Revenue less expenses−$10,431,849
XI-4 Net assets at start of year$1,018,866,396
XI-5 Net unrealized gains (losses) on investments$57,088,649
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$22,969,908
XI-10 Net assets at end of year$1,088,493,104

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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