CORVALLIS PUBLIC SCHOOLS FOUNDATION

EIN: 931208608 501(c)(3) Philanthropy & Grantmaking

Corvallis, OR

Total Revenue
$1,590,091
Total Expenses
$1,881,514
Total Assets
$2,610,718
Net Assets
$2,449,065
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
OR
Principal Officer
Angela Hibbard
Phone
5417575857
Tax Period
2023-07-01 to 2024-06-30

CORVALLIS PUBLIC SCHOOLS FOUNDATION, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $1.9M exceeded revenue, resulting in a 18% operating deficit.

Mission

The mission of the Corvallis Public Schools Foundation is to support Corvallis public schools by providing resources and opportunities that help every student succeed.

Program Service Accomplishments

Program 1
Expenses: $671,894 Revenue: $0

District Facilities: We provided $671,894 of initial grants to renovate athletic fields to promote safety and usability. The project, called Fields of the Future, will benefit all 6,051 Corvallis...

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District Facilities: We provided $671,894 of initial grants to renovate athletic fields to promote safety and usability. The project, called Fields of the Future, will benefit all 6,051 Corvallis School District students.

Program 2
Expenses: $648,519 Revenue: $0

School Programs Support: We managed more than 220 designated accounts for a variety of purposes, such as bike education, special education, outdoor school, high school career convention, graduation...

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School Programs Support: We managed more than 220 designated accounts for a variety of purposes, such as bike education, special education, outdoor school, high school career convention, graduation party, art, drama, extracurricular, foreign language, library, math, music, physical education, science, sports, technology, robotics, and family support for the school district's 13 public schools that enrolled 6,051 students and employed 1,160 staff.

Program 3
Expenses: $204,134 Revenue: $0

Academic and Enrichment Grants: IMAGINE grants of $70,341 were used to encourage innovative ideas that advance equity and students' experiences in their school communities such as projects in art...

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Academic and Enrichment Grants: IMAGINE grants of $70,341 were used to encourage innovative ideas that advance equity and students' experiences in their school communities such as projects in art, business, music, physical education, gardening, math, reading, writing, science, aquaculture, and science field trips; and $12,907 was used for 14 YEA! (Youth Empowerment and Action) grants for innovative, student-driven projects to fund an art exhibit, mural, journalism club, supplies for several sports activities, engineering, robotics, and restoring a riparian habitat. Graduation Rate Intervention funds of $46,111 were used to fund summer classes for students at risk of not graduating from high school on time. These summer programs served 600 students, who received a total of 96 high school credits during the summer. Also, $27,785 was spent for alternative middle school programs to provide certain students with smaller class sizes and more individual attention; these programs served 35 students. Through our Golden Apple Awards program, we awarded four stipends totaling $3,360 to honor outstanding teachers and staff. Through our endowed scholarship program, we awarded scholarships totaling $16,675 to help 15 high school seniors pursue their post-secondary education. In addition, $3,447 was spent for professional development for teachers, and $21,033 was spent on school staff wellbeing and retention by providing staff with meals and tokens of appreciation and support. Donated services of $4,000 were used for printing for Graduation Rate Interventions and $350 for videography for Golden Apple Awards.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,525,818
Program Service Revenue $0
Investment Income $77,977
Other Revenue $-13,704
TOTAL REVENUE $1,590,091

Expense Breakdown

Grants Paid $1,594,087
Salaries & Benefits $211,638
Fundraising Expenses $82,569
Program Expenses $1,676,199
Other Expenses $75,789
TOTAL EXPENSES $1,881,514

Year-over-Year Comparison

2023 2022 Change
Revenue $1,590,091 $945,719 +0.7%
Expenses $1,881,514 $740,957 +1.5%
Net Income $-291,423 $204,762 -2.4%
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
16
Independent Members
16
Employees
4
Volunteers
25

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
3
$0
Total Directors
17
$92,909
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Angela Hibbard Executive Director 40
Director
$87,909 $5,000 $92,909
Mindy Hamlin Chair 3
Officer Director
$0 $0 $0
Nina Erlich-Williams Secretary 2
Officer Director
$0 $0 $0
Frank Heresco Treasurer 2
Officer Director
$0 $0 $0
Salam Althahabi Trustee 1
Director
$0 $0 $0
Wanda Arp Trustee 1
Director
$0 $0 $0
Ashlee Chavez Trustee 1
Director
$0 $0 $0
Kevin Dougherty Trustee 1
Director
$0 $0 $0
Mark Goheen Trustee 1
Director
$0 $0 $0
Becca Gose Trustee 1
Director
$0 $0 $0
Mike Green Trustee 1
Director
$0 $0 $0
Leslie Hammond Trustee 1
Director
$0 $0 $0
Amanda Henevoy Trustee 1
Director
$0 $0 $0
Johan Jabareen Trustee 1
Director
$0 $0 $0
Gretchen Morris Trustee 1
Director
$0 $0 $0
Gwenda Rice Trustee 1
Director
$0 $0 $0
Rick Wallace Trustee 1
Director
$0 $0 $0
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
2025 No data No data No data No data
2024 $1,590,091 $1,881,514 $2,610,718 $-291,423
2023 $945,719 $740,957 $2,558,543 $204,762
2022 $809,130 $610,432 $2,253,225 $198,698
2021 $751,674 $453,235 $2,348,766 $298,439
2020 $831,898 $528,194 $1,932,899 $303,704
2018 $749,778 $549,985 $1,523,402 $199,793
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