OCF Joseph E Weston Public Foundation
Nonprofit profile at a glance
- EIN
- 931046399
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Portland, OR, USA
- Phone
- 5032276846
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $10,443,937
- Expenses
- $27,134,341
- Assets
- $637,514,988
- Liabilities
- $2,666,220
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Joseph E Weston (President)
- Kathleen Cornett (Vice President)
Highest reported compensation
- Lisa Mensah (Trustee (AS OF DECEMBER 2024)): $690,765 total reported compensation
- Erica D Daley (Assistant Secretary/ Assistant Treasurer): $476,855 total reported compensation
- Ray Klinke (Assistant Secretary/ Assistant Treasurer): $228,909 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The OCF Joseph E. Weston Public Foundation (the Foundation) is a supporting organization of The Oregon Community Foundation (OCF). The Foundation makes grants that further the mission of OCF which is to improve lives of all Oregonians through the power of philanthropy.
What it reported doing in 2024
The Weston Foundation provides grants and scholarships across Oregon and SW Washington. The Weston Foundation makes grants to support children, the working poor, people with disabilities, senior citizens and the homeless. The Foundation awards scholarships to students at Oregon private elementary/middle/high schools and students at Oregon private and public colleges. In 2024, the foundation awarded grants to 541 organizations; 649 elementary/middle/high school students received scholarships, and 438 college students received scholarships.
Operating model
- Revenue model
- Other-operating. 61% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 98% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 75
- Accountability: 54
- Sustainability: 50
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 94.7%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.6%; rating input score 100; 35th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 55.6%; rating input score 56; 9th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -159.8%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 23.49; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 94; 94th percentile among comparable filings
- Officer compensation ratio: 0.9%; rating input score 86; 86th percentile among comparable filings
Growth
- Program expense growth: 16.5% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: -10.5% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: 13.2% per year; rating input score 100; 76th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 94.7% of spending went to programs
- Governance: 5 of 9 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $25.7M in reported program spending
- Leadership: top reported pay $691K · 12 people listed · 0 of 6 pay-setting controls reported
- Consistency: 21 of 21 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 531 filed money-flow records
- Related organizations: 539 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Independent voting board scored 56/100.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- High — Sustainability: Operating margin scored 0/100.
- High — Growth: Revenue growth scored 0/100.