The Community Foundation of South Puget Sound
Nonprofit profile at a glance
- EIN
- 943121390
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Olympia, WA, USA
- Phone
- 3607053340
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Foundations
Reported finances
- Revenue
- $18,466,883
- Expenses
- $5,586,861
- Assets
- $44,097,065
- Liabilities
- $7,504,979
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- Mindie Reule (President & CEO)
Highest reported compensation
- Mindie Reule (President & CEO): $137,600 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To grow a lasting culture of generosity and well-being in the South Puget Sound through connection, leadership, and investment.
What it reported doing in 2024
The Foundation inspires philanthropic efforts to make the South Puget Sound region a stronger, more vibrant community for all. Individuals, corporations, and nonprofit agencies contribute to funds that support a wide range of organizations that promote education, cultural, health, social, and civic development. As the only local organization designed to build permanent charitable resources and inspire philanthropic efforts to broadly improve the health and wellbeing of our region, the Foundation demonstrates a place-based focus on communities in Thurston, Mason and Lewis counties. Community Foundation staff and volunteers bring deep local knowledge of area nonprofits and community issues, grantmaking expertise, and an understanding of effective philanthropy when advising donors.
Operating model
- Revenue model
- Donor-supported. 77% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 80% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 88
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.3%; rating input score 65
- Program expense ratio: 92.2%; rating input score 92
- Fundraising efficiency: $100.36 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 99%; rating input score 99; 32nd 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; 66th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 69.7%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 7.89; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 63; 63rd percentile among comparable filings
- Officer compensation ratio: 2.5%; rating input score 73; 73rd percentile among comparable filings
Growth
- Program expense growth: 11.9% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 9.3% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 9.4% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 65.3% of revenue deployed · 92.2% of spending went to programs
- Governance: 16 of 16 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $5.2M in reported program spending
- Leadership: top reported pay $138K · 18 people listed
- Consistency: 29 of 30 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 122 filed money-flow records
- Related organizations: 121 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.