FOUNDATIONS FOR A BETTER OREGON

EIN: 421606106 501(c)(3) Education

PORTLAND, OR

Total Revenue
$1,230,938
Total Expenses
$1,488,000
Total Assets
$2,100,245
Net Assets
$1,883,391
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
OR
Principal Officer
WHITNEY GRUBBS
Phone
5035424325
Tax Period
2024-01-01 to 2024-12-31

FOUNDATIONS FOR A BETTER OREGON, founded in 2003, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 21% operating deficit.

Mission

FOUNDATIONS FOR A BETTER OREGON ("FBO") IS A NONPROFIT ORGANIZATION FOUNDED IN 2004 BY FIVE MAJOR OREGON FOUNDATIONS COMMITTED TO WORKING COLLECTIVELY. FROM 2006-2020, FBO OPERATED AS THE "CHALKBOARD PROJECT," FOCUSED PRIMARILY ON IMPROVING K-12 PUBLIC EDUCATION THROUGH INITIATIVES THAT SUPPORTED THE EDUCATOR WORKFORCE. IN 2020, THE ORGANIZATION ADOPTED A NEW MISSION, VISION, AND RELAUNCHED UNDER THE ORIGINAL NAME OF FOUNDATIONS FOR A BETTER OREGON (FBO). FBO IS COMMITTED TO ENSURING OREGON HAS SYSTEMS IN PLACE TO SUPPORT EVERY CHILD TO LEARN, GROW, AND THRIVE. WE BRIDGE COMMUNITY, POLICYMAKERS, AND PHILANTHROPY TO COLLABORATE TOWARD REALIZING A SHARED LONG-TERM VISION FOR OUR CHILDREN AND YOUNG PEOPLE.CURRENTLY, FBO IS SUPPORTED AND GOVERNED BY THE FOLLOWING: THE COLLINS FOUNDATION, THE FORD FAMILY FOUNDATION, MEYER MEMORIAL TRUST, OREGON COMMUNITY FOUNDATION, AND THE JAMES F. AND MARION L. MILLER FOUNDATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,230,111
Program Service Revenue $0
Investment Income $827
Other Revenue $0
TOTAL REVENUE $1,230,938

Expense Breakdown

Grants Paid $31,163
Salaries & Benefits $929,215
Fundraising Expenses $7,613
Program Expenses $1,212,554
Other Expenses $527,622
TOTAL EXPENSES $1,488,000

Year-over-Year Comparison

2024 2023 Change
Revenue $1,230,938 $810,221 +0.5%
Expenses $1,488,000 $1,332,787 +0.1%
Net Income $-257,062 $-522,566 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
6
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$284,399
Total Directors
13
$22,000
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JESSIE MCCLUNG TREASURER 1.00
Officer Director
$7,000 $0 $7,000
DL RICHARDSON BOARD MEMBER 0.50
Director
$5,000 $0 $5,000
CARINA MILLER BOARD MEMBER 0.50
Director
$5,000 $0 $5,000
BARBARA SMITH WARNER BOARD MEMBER 0.50
Director
$5,000 $0 $5,000
CAROL CHENEY BOARD CHAIR 1.00
Officer Director
$0 $0 $0
TOYA FICK SECRETARY 1.00
Officer Director
$0 $0 $0
PETER KOEHLER VICE CHAIR 1.00
Officer Director
$0 $0 $0
KARA CARLISLE BOARD MEMBER 0.50
Director
$0 $0 $0
TRUMAN COLLINS BOARD MEMBER 0.50
Director
$0 $0 $0
CARRIE HOOPS BOARD MEMBER 0.50
Director
$0 $0 $0
LISA MENSAH BOARD MEMBER 0.50
Director
$0 $0 $0
CARRIE THOMPSON BOARD MEMBER 0.50
Director
$0 $0 $0
VANESSA WILKINS BOARD MEMBER 0.50
Director
$0 $0 $0
WHITNEY GRUBBS EXECUTIVE DIRECTOR 40.00
Officer
$249,021 $28,378 $277,399
JANET SOTO RODRIGUEZ DEPUTY DIRECTOR 40.00
Highest
$181,452 $9,781 $191,233
LOUIS WHEATLEY STRATEGIC COMMUNICATIONS DIRECTOR 40.00
Highest
$107,223 $13,578 $120,801
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,230,938 $1,488,000 $2,100,245 $-257,062
2023 $810,221 $1,332,787 $2,135,345 $-522,566
2022 $295,909 $1,419,616 $2,639,227 $-1,123,707
2021 $798,531 $1,276,078 $3,680,776 $-477,547
2020 $2,597,642 $1,309,253 $4,155,003 $1,288,389
2019 $1,442,290 $1,797,321 $2,862,958 $-355,031
2018 $1,577,254 $2,443,660 $3,191,638 $-866,406
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