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Nonprofiteer
← SKAGIT VALLEY COLLEGE FOUNDATION C-12 CAMPUS CENTER BUILDING

Form 990 for tax year 2023

Filed by SKAGIT VALLEY COLLEGE FOUNDATION C-12 CAMPUS CENTER BUILDING.

Totals

Total revenue
$5,201,128
Total expenses
$3,172,569
Contributions and grants received
$3,573,863
Grants paid
$1,741,293
Program service revenue
$823,761
Investment income
$634,229
Other revenue
$169,275
Total assets, end of year
$28,822,945
Total liabilities, end of year
$451,795
Net assets or fund balances, end of year
$28,371,150
Program services expenses (Part IX)
$2,729,810
Management and general expenses
$348,934
Fundraising expenses
$93,825
Program service expenses (Part III)
$2,729,810

Program services were 86.0% 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.

  • 1c · Fundraising events

    $136,591

  • 1f · All other contributions, gifts and grants

    $3,437,272

  • 1g · Noncash contributions included above

    $305,702

  • 2a · Program service revenue: Student housing

    total $823,761 · related or exempt $823,761

  • 3 · Investment income

    total $754,611 · excluded $754,611

  • 7a · Gross sales of assets other than inventory

    securities $3,695,076

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

    securities $3,815,458

  • 7c · Gain or loss

    securities -$120,382

  • 7d · Net gain or loss

    total -$120,382 · excluded -$120,382

  • 8a · Fundraising events: gross income

    $101,334

  • 8a · Fundraising events: contributions included on line 1c

    $136,591

  • 8b · Fundraising events: direct expenses

    $127,479

  • 8c · Net income from fundraising events

    total -$26,145 · excluded -$26,145

  • 11a · Other revenue: Booster

    total $195,420 · related or exempt $195,420

  • 11e · Other revenue, total

    $195,420

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $600,957 · program services $600,957

  • 2 · Grants to domestic individuals

    total $1,140,336 · program services $1,140,336

  • 5 · Compensation of officers, directors and key employees

    total $133,059 · program services $44,353 · management and general $44,353 · fundraising $44,353

  • 11c · Fees: accounting

    total $23,415 · program services $6,105 · management and general $17,310

  • 11f · Fees: investment management

    total $87,809 · management and general $87,809

  • 11g · Fees: other

    total $364,043 · program services $206,221 · management and general $114,043 · fundraising $43,779

  • 13 · Office expenses

    total $21,286 · program services $4,847 · management and general $16,439

  • 16 · Occupancy

    total $176,412 · program services $158,412 · management and general $18,000

  • 17 · Travel

    total $6,462 · program services $78 · management and general $6,384

  • 19 · Conferences, conventions and meetings

    total $8,620 · program services $2,206 · management and general $6,414

  • 20 · Interest

    total $2,460 · program services $2,460

  • 22 · Depreciation, depletion and amortization

    total $145,467 · program services $145,376 · management and general $91

  • 23 · Insurance

    total $45,773 · program services $42,379 · management and general $3,394

  • 24a · Other expenses: Booster expense

    total $194,225 · program services $194,225

  • 24b · Other expenses: Equipment and maintenan

    total $134,506 · program services $123,594 · management and general $10,912

  • 24c · Other expenses: Awards and recognition

    total $25,882 · program services $25,882

  • 24d · Other expenses: Hospitality and enterta

    total $24,393 · program services $3,138 · management and general $15,562 · fundraising $5,693

  • 24e · All other expenses

    total $37,464 · program services $29,241 · management and general $8,223

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,088,600 · end of year $1,932,327

  • 2 · Savings and temporary cash investments

    beginning of year $855,094 · end of year $895,778

  • 3 · Pledges and grants receivable

    beginning of year $1,652 · end of year $1,952

  • 4 · Accounts receivable

    beginning of year $35,333 · end of year $37,866

  • 7 · Other notes and loans receivable

    beginning of year $219,860 · end of year $225,303

  • 10a · Land, buildings and equipment: cost or other basis

    $5,107,494

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,084,517

  • 10c · Land, buildings and equipment, net

    beginning of year $2,991,429 · end of year $3,022,977

  • 11 · Investments: publicly traded securities

    beginning of year $19,236,631 · end of year $22,699,209

  • 15 · Other assets

    beginning of year $6,451 · end of year $7,533

  • 17 · Accounts payable and accrued expenses

    beginning of year $241,927 · end of year $281,214

  • 18 · Grants payable

    beginning of year $19,893 · end of year $19,410

  • 19 · Deferred revenue

    beginning of year $57,359 · end of year $88,313

  • 20 · Tax-exempt bond liabilities

    beginning of year $177,849

  • 25 · Other liabilities

    beginning of year $61,770 · end of year $62,858

  • 27 · Net assets without donor restrictions

    beginning of year $5,710,456 · end of year $5,929,459

  • 28 · Net assets with donor restrictions

    beginning of year $19,165,796 · end of year $22,441,691

Mission and programs · 2023

Mission

Secure donations to enhance education at Skagit Valley College through scholarships, grants, and institutional support.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,598,170 · Grants $1,501,065

  • Skagit Valley College Foundation operates Campus View Village, a safe and inclusive student housing program on the north-end of the Skagit Valley College campus. Campus View Village serves up to 140 students year-round taking courses at Skagit Valley College. This popular program houses a large number of international students, student athletes, and others, making Campus View Village a dynamic and engaging addition to the Skagit Valley College culture. For more information, visit www.skagit.edu/cvv.

    Expenses $697,187 · Revenue $823,761

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $434,453 · Grants $240,228 · Revenue $195,420

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Vhari Rust-Clark

    President

    Total calculated
    $0
    Hours/week
    2

  • John Sternlicht

    Vice-President

    Total calculated
    $0
    Hours/week
    2

  • Brian Gentry

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Danielle Martin

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Janie Beasley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Todd Krantz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Isaac Williams

    Director

    Total calculated
    $0
    Hours/week
    1

  • Margaret Rojas

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charlie Wend

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dave Ryberg

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kathy Doll

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nancy Rytand-Carey

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tim Rawlins

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Petrzelka

    Executive Director

    Total calculated
    $96,789
    From this org
    $76,539
    From related orgs
    $0
    Other
    $20,250
    Hours/week
    40

  • Anne Clark

    Interim ED (Former)

    Total calculated
    $42,158
    From this org
    $35,116
    From related orgs
    $0
    Other
    $7,042
    Hours/week
    40

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.

Grants on this return

  • Skagit Valley College

    $333,142

    Programs to support the College

Provenance

Return type
form_990
Tax year
2023
Filed
16 January 2025
IRS schema version
2023v6.0
Source object
202520169349300627

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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