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Nonprofiteer
← OLYMPIC COLLEGE FOUNDATION

Form 990 for tax year 2024

Filed by OLYMPIC COLLEGE FOUNDATION.

Totals

Total revenue
$3,697,676
Total expenses
$1,355,082
Contributions and grants received
$3,010,040
Grants paid
$1,216,416
Program service revenue
$0
Investment income
$633,930
Other revenue
$53,706
Total assets, end of year
$29,388,624
Total liabilities, end of year
$972,829
Net assets or fund balances, end of year
$28,415,795
Program services expenses (Part IX)
$1,093,309
Management and general expenses
$199,156
Fundraising expenses
$62,617
Program service expenses (Part III)
$1,093,309

Program services were 80.7% 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.

  • 1f · All other contributions, gifts and grants

    $3,010,040

  • 3 · Investment income

    total $681,739 · excluded $681,739

  • 7a · Gross sales of assets other than inventory

    securities $4,171,651

  • 7b · Less cost or other basis and sales expenses

    securities $4,219,460

  • 7c · Gain or loss

    securities -$47,809

  • 7d · Net gain or loss

    total -$47,809 · excluded -$47,809

  • 8a · Fundraising events: gross income

    $72,738

  • 8b · Fundraising events: direct expenses

    $19,841

  • 8c · Net income from fundraising events

    total $52,897 · excluded $52,897

  • 11a · Other revenue: MISCELLANEOUS

    total $809 · excluded $809

  • 11e · Other revenue, total

    $809

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $463,388 · program services $463,388

  • 2 · Grants to domestic individuals

    total $753,028 · program services $753,028

  • 11c · Fees: accounting

    total $52,586 · program services $12,621 · management and general $21,034 · fundraising $18,931

  • 11f · Fees: investment management

    total $129,673 · management and general $129,673

  • 11g · Fees: other

    total $102,355 · program services $24,566 · management and general $40,942 · fundraising $36,847

  • 12 · Advertising and promotion

    total $8,018 · program services $2,383 · management and general $3,598 · fundraising $2,037

  • 19 · Conferences, conventions and meetings

    total $1,167 · management and general $584 · fundraising $583

  • 24a · Other expenses: MEMBERSHIPS AND SUBSCRI

    total $3,433 · management and general $2,183 · fundraising $1,250

  • 24b · Other expenses: BOARD AND VOLUNTEER SUP

    total $2,285 · management and general $1,142 · fundraising $1,143

  • 24c · Other expenses: CAMPAIGN EXPENSES

    total $1,826 · fundraising $1,826

  • 24d · Other expenses: COMMUNITY RELATIONS

    total $399 · program services $399

  • 24e · All other expenses

    total -$163,076 · program services -$163,076

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $241,684 · end of year $365,095

  • 2 · Savings and temporary cash investments

    beginning of year $1,582,607 · end of year $1,778,387

  • 3 · Pledges and grants receivable

    beginning of year $7,500 · end of year $1,529,505

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,860 · end of year $30,985

  • 11 · Investments: publicly traded securities

    beginning of year $22,972,713 · end of year $25,684,652

  • 17 · Accounts payable and accrued expenses

    beginning of year $109,891 · end of year $263,197

  • 25 · Other liabilities

    beginning of year $556,675 · end of year $709,632

  • 27 · Net assets without donor restrictions

    beginning of year $930,133 · end of year $1,061,024

  • 28 · Net assets with donor restrictions

    beginning of year $23,219,665 · end of year $27,354,771

Mission and programs · 2024

Mission

THE MISSION OF THE OLYMPIC COLLEGE FOUNDATION - WE TRANSFORM LIVES BY PARTNERING WITH THE COMMUNITY TO SUPPORT OLYMPIC COLLEGE AND ITS STUDENTS.

Activities or mission (Part I)

THE OLYMPIC COLLEGE FOUNDATION SUPPORTS STUDENT ACCESS, ACHIEVEMENT AND SUCCESS AT OLYMPIC COLLEGE.

  • CUSTODIAN OF FUNDS TO BE USED FOR SCHOLARSHIP TO THE STUDENTS OF OLYMPIC COLLEGE.

    Expenses $753,028 · Grants $753,028

  • SUPPORT FOR THE EVENTS AND PROGRAMS OF OLYMPIC COLLEGE AND ITS SATELLITE CAMPUSES.

    Expenses $463,388 · Grants $463,388

  • MANAGEMENT OF MULTIPLE ENDOWMENTS THAT PROVIDE THE ANNUAL SCHOLARSHIPS AND OTHER PROGRAM FUNDS TO BENEFIT OLYMPIC COLLEGE AND STUDENTS.

    Expenses $39,969

  • UNSPENT FUNDS EARMARKED FOR SCHOLARHIP AND PROGRAMS IN PRIOR YEAR

    Expenses -$163,076

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JON BERGLIND

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • CHARLES ROBERTSON

    VP FOR DEVELOPMENT

    Total calculated
    $0
    Hours/week
    5

  • AARON SCHIELKE

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • BRENDON TAGA

    VP FOR GOVERNANCE

    Total calculated
    $0
    Hours/week
    5

  • PETER BRAUN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HARRIETTE BYRANT

    OLYMPIC COLLEGE BOT LIAISO

    Total calculated
    $0
    Hours/week
    1

  • SANDRA ROCHA EVANOFF

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DANIELLE PRIEST

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LILLIAN ROBERTSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARGARET LYNN MILLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID HEDDERLY-SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ERIC BERGLIND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ENRICO SIO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILL CLEMMER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SCOTT LINDLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHARON ANDERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TERRY COX

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DIANA RIGGINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RUSS SHIPLET

    VP GOVERNANCE

    Total calculated
    $0
    Hours/week
    5

  • MARTY CAVALLUZZI

    PRESIDENT OF OLYMPIC COLLE

    Total calculated
    $269,428
    From this org
    $0
    From related orgs
    $269,428
    Other
    $0
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $269,428 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $269,428 related

  • JOAN HANTEN

    INTERIM PRESIDENT OF OLYMPIC COLLEGE

    Total calculated
    $10,625
    From this org
    $0
    From related orgs
    $10,625
    Other
    $0
    Hours/week
    5 + 45 related

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

  • OLYMPIC COLLEGE

    $307,316

    PROGRAM SUPPORT

  • TOTAL GRANTS UNDER 5K EACH

    $156,072

    PROGRAM SUPPORT

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.

Provenance

Return type
form_990
Tax year
2024
Filed
7 April 2026
IRS schema version
2024v5.5
Source object
202611009349300031

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