Corvallis Public Schools Foundation

What it reported doing in 2024

Academic and Enrichment Grants: IMAGINE grants of $60,845 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, STEM, and science field trips; and $9,381 was used for 11 YEA! (Youth Empowerment and Action) grants for innovative, student-driven projects to fund projects related to bicycling, ceramics, robotics, field trips, diversity activities, youth government, STEM and sustainability. Other grants included $1,500 for Career Convention, $1,710 for bike education, and $1,700 for a culinary trip. Graduation Rate Intervention funds of $162,000 were used to fund summer classes for students at risk of not graduating from high school on time. These summer programs, which included the subjects of math, literacy, culinary arts, and urban farm, served 450 students, and students earned 86 total high school credits. Also, $14,321 was spent for alternative middle school programs to provide students who face significant barriers to accessing their education such as trauma, poverty, and learning with smaller class sizes and more individual attention; these programs served more than 30 students. Through our Golden Apple Awards program, we awarded four stipends totaling $3,420 to honor outstanding teachers and staff. Through our endowed scholarship program, we awarded scholarships totaling $13,425 to help 13 high school seniors pursue their post-secondary education. In addition, $10,400 was spent for professional development for teachers. Donated services of $1,750 were received for videography for Golden Apple Awards events.

Financial Efficiency

• Mission deployment rate: 75.8%; rating input score 76
• Program expense ratio: 72.9%; rating input score 73
• Fundraising efficiency: $9.02 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 1.8%; rating input score 41; 41st percentile among comparable filings
• Total-asset coverage ratio: 2.91; rating input score 74; 74th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
• Officer compensation ratio: 11.6%; rating input score 32; 32nd percentile among comparable filings

Growth

• Program expense growth: 6.7% per year; rating input score 100; 50th percentile among comparable filings
• Revenue growth: 4.1% per year; rating input score 100; 38th percentile among comparable filings
• Asset growth: 8.4% per year; rating input score 100; 53rd percentile among comparable filings