Totals
- Total revenue
- $4,809,616
- Total expenses
- $4,077,641
- Contributions and grants received
- $1,790,695
- Grants paid
- $1,430,866
- Program service revenue
- $1,948,560
- Investment income
- $1,070,361
- Other revenue
- $0
- Total assets, end of year
- $14,979,362
- Total liabilities, end of year
- $8,944,939
- Net assets or fund balances, end of year
- $6,034,423
- Program services expenses (Part IX)
- $3,513,589
- Management and general expenses
- $550,248
- Fundraising expenses
- $13,804
- Program service expenses (Part III)
- $3,513,589
Program services were 86.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$185,000
-
1d · Related organizations
$599,214
-
1e · Government grants (contributions)
$48,816
-
1f · All other contributions, gifts and grants
$957,665
-
1g · Noncash contributions included above
$9,834
-
2a · Program service revenue: RENT REVENUE
total $1,948,560 · related or exempt $1,948,560
-
3 · Investment income
total $149,804 · excluded $149,804
-
7a · Gross sales of assets other than inventory
securities $8,849,092
-
7b · Less cost or other basis and sales expenses
securities $7,928,535
-
7c · Gain or loss
securities $920,557
-
7d · Net gain or loss
total $920,557 · excluded $920,557
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $729,064 · program services $729,064
-
2 · Grants to domestic individuals
total $701,802 · program services $701,802
-
11b · Fees: legal
total $333 · program services $333
-
11c · Fees: accounting
total $25,500 · management and general $25,500
-
11f · Fees: investment management
total $52,739 · management and general $52,739
-
11g · Fees: other
total $262,576 · program services $261,576 · management and general $1,000
-
12 · Advertising and promotion
total $6,076 · program services $5,827 · management and general $249
-
13 · Office expenses
total $56,961 · program services $47,284 · management and general $9,026 · fundraising $651
-
14 · Information technology
total $28,725 · program services $7,367 · management and general $21,358
-
16 · Occupancy
total $1,810,761 · program services $1,534,236 · management and general $276,525
-
17 · Travel
total $1,771 · management and general $1,771
-
19 · Conferences, conventions and meetings
total $352 · management and general $352
-
20 · Interest
total $47,526 · management and general $47,526
-
22 · Depreciation, depletion and amortization
total $141,005 · program services $38,046 · management and general $102,959
-
23 · Insurance
total $28,455 · program services $25,932 · management and general $2,523
-
24a · Other expenses: MISCELLANEOUS
total $103,708 · program services $87,085 · management and general $8,720 · fundraising $7,903
-
24b · Other expenses: BAD DEBT
total $55,716 · program services $55,716
-
24c · Other expenses: EQUIPMENT & FURNITURE
total $19,321 · program services $19,321
-
24d · Other expenses: FUNDRAISING
total $5,250 · fundraising $5,250
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $549,100 · end of year $497,066
-
2 · Savings and temporary cash investments
beginning of year $61,169 · end of year $122,828
-
3 · Pledges and grants receivable
beginning of year $67,460 · end of year $124,000
-
4 · Accounts receivable
beginning of year $205,965 · end of year $325,892
-
9 · Prepaid expenses and deferred charges
beginning of year $113,935 · end of year $90,405
-
10a · Land, buildings and equipment: cost or other basis
$1,363,987
-
10b · Land, buildings and equipment: accumulated depreciation
$453,395
-
10c · Land, buildings and equipment, net
beginning of year $1,051,597 · end of year $910,592
-
11 · Investments: publicly traded securities
beginning of year $5,985,715 · end of year $6,141,460
-
15 · Other assets
beginning of year $0 · end of year $6,767,119
-
17 · Accounts payable and accrued expenses
beginning of year $99,054 · end of year $54,110
-
19 · Deferred revenue
beginning of year $150,602 · end of year $151,848
-
24 · Unsecured notes and loans payable
beginning of year $885,211 · end of year $796,717
-
25 · Other liabilities
beginning of year $1,113,136 · end of year $7,942,264
-
27 · Net assets without donor restrictions
beginning of year -$891,181 · end of year -$1,036,740
-
28 · Net assets with donor restrictions
beginning of year $6,678,119 · end of year $7,071,163
Mission and programs · 2022
Mission
HIGHLINE COLLEGE FOUNDATION IS DEDICATED TO RAISING FUNDS THAT HELP PROVIDE QUALITY EDUCATION AT HIGHLINE COLLEGE. THE FOUNDATION STRENGTHENS THE RELATIONSHIP BETWEEN THE COLLEGE AND THE COMMUNITY, DEVELOPING RESOURCES FOR STUDENTS, PROGRAMS, FACULTY AND CAPITAL PROJECTS.
Activities or mission (Part I)
TO PROVIDE RESOURCES FOR GRANTING ACCESS, ENABLING CONTINUED EDUCATION AND FUNDING DREAMS.
-
THE HIGHLINE COLLEGE FOUNDATION LLC PROVIDES HOUSING PRIMARILY TO DOMESTIC AND INTERNATIONAL STUDENTS ATTENDING THE COLLEGE AND OFFICE SPACE TO THE COLLEGE.
Expenses $2,080,222 · Revenue $1,948,560
-
THE FOUNDATION PROVIDES SUPPORT OF COLLEGE PROGRAMS. ANNUAL GRANTS ARE PROVIDED FOR FACULTY AND STAFF DEVELOPMENT, SPECIAL DEPARTMENTAL PROJECTS, AND CAPITAL IMPROVEMENTS.
Expenses $731,565 · Grants $729,064
-
THE FOUNDATION AWARDED SCHOLARSHIPS AND EMERGENCY ASSISTANCE TO APPROXIMATELY 834 STUDENTS ATTENDING HIGHLINE COLLEGE.
Expenses $701,802 · Grants $701,802
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Josh GerstmanJOSH GERSTMAN
EXECUTIVE DIRECTOR
- Total calculated
- $172,104
- From this org
- $0
- From related orgs
- $144,221
- Other
- $27,883
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $0 + $144,221 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $14,888 related
- Nontaxable benefits
- $0 + $12,995 related
- Filer's total
- $0 + $172,104 related
-
Kevin MorinKEVIN MORIN
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Larissa SklarLARISSA SKLAR
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Perisha MilikichPERISHA MILIKICH
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Susan LandgrafSUSAN LANDGRAF
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Kevin BakerKEVIN BAKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Arnessa BeilinARNESSA BEILIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sherri ChunSHERRI CHUN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Moira FultonMOIRA FULTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Patsy GaydaPATSY GAYDA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sheri KellerSHERI KELLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Richard MocklerRICHARD MOCKLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Terryl RossTERRYL ROSS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Diana SampleDIANA SAMPLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Angela Sheffey-BoganANGELA SHEFFEY-BOGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Toni SwensonTONI SWENSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mike SlaterMIKE SLATER
BOARD MEMBER (UNTIL 5/23)
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
HIGHLINE COLLEGE
$729,064
SUPPORT FOR COLLEGE PROGRAMS
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
HIGHLINE COLLEGE
COLLEGE · WA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
HIGHLINE COLLEGE FND LLC
LEASE MANAGEMENT · WA · income $1,950,154 · assets $8,434,163
Directly controlled by HIGHLINE COLLEGE FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 28 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420889349300517
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