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Nonprofit · EIN 94-3121390

COMMUNITY FOUNDATION OF SOUTH PUGET SOUND

Tax-exempt · OLYMPIA, WA 98501

Financials

$4.2M$3.6M2023$18.5M$5.6M2024
Revenue Expenses · by fiscal year end
Financials of COMMUNITY FOUNDATION OF SOUTH PUGET SOUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$18,466,883$5,586,861$12,880,022$44,097,065$7,504,979$36,592,086
December 31, 2023990$4,150,663$3,596,445$554,218$38,752,707$7,419,985$31,332,722
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$6,760,550
Program service revenue
$609,020
Investment income
$11,097,290
Net gain from sales of assets
$9,696,799
Other revenue
$23

Expenses

Grants and similar amounts paid
$4,145,680
Compensation of officers, directors and key employees
$137,600
Other salaries and wages
$292,863
Salaries, compensation and benefits (total)
$506,394
Professional fundraising fees
$0
Accounting fees
$28,974
Occupancy
$43,530
Program services (functional)
$5,152,248
Management and general (functional)
$367,249
Fundraising (functional)
$67,364

Balance sheet and other

Total assets, start of year
$38,752,707
Total assets, end of year
$44,097,065
Total liabilities, end of year
$7,504,979
Net assets, end of year
$36,592,086
Publicly traded securities
$43,418,131
Net assets without donor restrictions
$36,592,086
Gross receipts
$54,215,227
Employees
7
Volunteers
52
Year formed
1989
State of legal domicile
WA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Mindie ReulePresident & CEO
Officer
40$125,971$11,629
Teresa LooChair
Trustee or director, Officer
2$0$0
Katie RainsPast Chair
Trustee or director, Officer
2$0$0
Julie CookeVice Chair
Trustee or director, Officer
2$0$0
Renee Radcliff SinclairSecretary
Trustee or director, Officer
2$0$0
Josh DeckTreasurer
Trustee or director, Officer
2$0$0
Robert BradleyDirector
Trustee or director
1$0$0
Zahid ChaudryDirector
Trustee or director
1$0$0
Dan JonesDirector
Trustee or director
1$0$0
Craig OttavelliDirector
Trustee or director
1$0$0
Todd ShobertDirector
Trustee or director
1$0$0
Charlie TerminelliDirector
Trustee or director
1$0$0
John StormansDirector
Trustee or director
1$0$0
Katya MiltimoreDirector
Trustee or director
1$0$0
Nicole MillerDirector
Trustee or director
1$0$0
3 more people on this return
NameTitleHours / weekCompensation
Courtney ProtheroDirector
Trustee or director
1$0
Alejandro SanchezDirector
Trustee or director
1$0
Austin RamirezDirector
Trustee or director
1$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensationOther / benefits
MINDIE REULEPRESIDENT AND CEO
Officer
40$116,640$10,812
KATIE RAINSCHAIR
Trustee or director, Officer
2$0$0
JIM MORRELLPAST CHAIR
Trustee or director, Officer
2$0$0
TERESA LOOVICE CHAIR
Trustee or director, Officer
2$0$0
JANET MCLANESECRETARY
Trustee or director, Officer
2$0$0
JOSH DECKTREASURER
Trustee or director, Officer
2$0$0
ROBERT BRADLEYDIRECTOR
Trustee or director
1$0$0
ZAHID CHAUDRYDIRECTOR
Trustee or director
1$0$0
JULIE COOKEDIRECTOR
Trustee or director
1$0$0
KELSEY HULSEDIRECTOR
Trustee or director
1$0$0
DAN JONESDIRECTOR
Trustee or director
1$0$0
JIM MORRELLDIRECTOR
Trustee or director
1$0$0
CRAIG OTTAVELLIDIRECTOR
Trustee or director
1$0$0
RENEE RADCLIFF SINCLAIRDIRECTOR
Trustee or director
1$0$0
TODD SHOBERTDIRECTOR
Trustee or director
1$0$0
JOHN STORMANSDIRECTOR
Trustee or director
1$0$0
CHARLI TERMINELLIDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
212 UNION AVE SE STE 102, OLYMPIA, WA 98501-1302
Principal officer (990 for 2024)
Mindie Reule, 212 Union Ave SE 102, Olympia, WA 98501
Signed the 990
Mindie Reule, President & CEO
Phone
(360) 705-3340
Return prepared by
JACOBSON LAWRENCE & ASSOCIATES PLLC

Mission

To grow a lasting culture of generosity and well-being in the South Puget Sound through connection, leadership, and investment.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $5,152,248 · grants $4,145,680 · revenue $609,020
  • The Foundation aims to support a wide range of nonprofit activities - from the arts to basic needs to the environment - as well as to fund organizations that are tackling tough challenges and strengthening what's working in our communities. Beyond those basic measures, the Foundation identifies and funds critical community needs and opportunities through its community engagement efforts. This scope of its mission reflects the Foundation's ability to raise charitable funds and make grants and scholarships for the benefit of the South Puget Sound region.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
94-3121390
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1994
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$44,097,065
Income (IRS master file)
$54,215,227

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$18,466,883$5,586,861$44,097,065IRS
990December 2023$4,150,663$3,596,445$38,752,707XML
990December 2022$3,947,638$4,088,447$34,682,709IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-3121390).

Questions about COMMUNITY FOUNDATION OF SOUTH PUGET SOUND

What is the EIN of COMMUNITY FOUNDATION OF SOUTH PUGET SOUND?
The employer identification number (EIN) of COMMUNITY FOUNDATION OF SOUTH PUGET SOUND is 94-3121390.
Is COMMUNITY FOUNDATION OF SOUTH PUGET SOUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to COMMUNITY FOUNDATION OF SOUTH PUGET SOUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does COMMUNITY FOUNDATION OF SOUTH PUGET SOUND file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of COMMUNITY FOUNDATION OF SOUTH PUGET SOUND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did COMMUNITY FOUNDATION OF SOUTH PUGET SOUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of COMMUNITY FOUNDATION OF SOUTH PUGET SOUND?
The 990 for the year ended December 31, 2024 names Mindie Reule.
Who are the officers and directors of COMMUNITY FOUNDATION OF SOUTH PUGET SOUND?
The 990 for the year ended December 31, 2024 lists 18 people; 1 received compensation from the organization, the highest $125,971 (Mindie Reule, President & CEO).
How much revenue does COMMUNITY FOUNDATION OF SOUTH PUGET SOUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $18,466,883, expenses of $5,586,861 and total assets of $44,097,065 at year end.

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