Form 990 for tax year 2022
Filed by CENTRAL WASHINGTON UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $5,714,302
- Total expenses
- $5,280,882
- Contributions and grants received
- $3,826,168
- Grants paid
- $1,909,984
- Program service revenue
- $26,229
- Investment income
- $1,863,780
- Other revenue
- -$1,875
- Total assets, end of year
- $53,960,168
- Total liabilities, end of year
- $3,281,270
- Net assets or fund balances, end of year
- $50,678,898
- Program services expenses (Part IX)
- $3,995,517
- Management and general expenses
- $626,478
- Fundraising expenses
- $658,887
- Program service expenses (Part III)
- $3,995,517
Program services were 75.7% 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.
-
1b · Membership dues
$60
-
1c · Fundraising events
$118,633
-
1f · All other contributions, gifts and grants
$3,707,475
-
1g · Noncash contributions included above
$299,017
-
2a · Program service revenue: PROGRAM EVENTS
total $21,079 · related or exempt $21,079
-
2b · Program service revenue: NETWORKING EVENT
total $5,150 · related or exempt $5,150
-
3 · Investment income
total $1,091,134 · excluded $1,091,134
-
7a · Gross sales of assets other than inventory
securities $6,743,279
-
7b · Less cost or other basis and sales expenses
securities $5,970,633
-
7c · Gain or loss
securities $772,646
-
7d · Net gain or loss
total $772,646 · excluded $772,646
-
8a · Fundraising events: gross income
$70,829
-
8a · Fundraising events: contributions included on line 1c
$118,633
-
8b · Fundraising events: direct expenses
$86,130
-
8c · Net income from fundraising events
total -$15,301 · excluded -$15,301
-
9a · Gaming: gross income
$2,948
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $2,948 · excluded $2,948
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $8,114 · related or exempt $8,114
-
11b · Other revenue: ADMIN FEE
total $2,364 · related or exempt $2,364
-
11e · Other revenue, total
$10,478
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,909,984 · program services $1,909,984
-
7 · Other salaries and wages
total $245,011 · program services $219,445 · management and general $29 · fundraising $25,537
-
11b · Fees: legal
total $40,560 · management and general $40,560
-
11c · Fees: accounting
total $27,942 · management and general $27,942
-
11e · Fees: professional fundraising services
total $202,770 · fundraising $202,770
-
11f · Fees: investment management
total $128,053 · management and general $128,053
-
11g · Fees: other
total $501,015 · program services $170,252 · management and general $64,532 · fundraising $266,231
-
13 · Office expenses
total $188,169 · program services $158,669 · management and general $6,129 · fundraising $23,371
-
14 · Information technology
total $121,501 · program services $8,000 · management and general $113,501
-
17 · Travel
total $255,438 · program services $171,615 · management and general $12,030 · fundraising $71,793
-
20 · Interest
total $55,049 · management and general $55,049
-
24a · Other expenses: UNIVERSITY SUPPORT
total $1,557,913 · program services $1,317,418 · management and general $171,697 · fundraising $68,798
-
24b · Other expenses: WRITE-OFF OF PLEDGES
total $35,836 · program services $35,836
-
24c · Other expenses: MISCELLANEOUS
total $11,641 · program services $4,298 · management and general $6,956 · fundraising $387
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $2,356,677 · end of year $897,993
-
3 · Pledges and grants receivable
beginning of year $1,710,978 · end of year $1,561,717
-
8 · Inventories for sale or use
beginning of year $80,528 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $44,771,064 · end of year $51,500,458
-
17 · Accounts payable and accrued expenses
beginning of year $374,911 · end of year $444,098
-
19 · Deferred revenue
beginning of year $46,646 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $1,180,364 · end of year $1,057,478
-
25 · Other liabilities
beginning of year $1,761,295 · end of year $1,779,694
-
27 · Net assets without donor restrictions
beginning of year $5,490,156 · end of year $6,640,483
-
28 · Net assets with donor restrictions
beginning of year $40,065,875 · end of year $44,038,415
Mission and programs · 2022
Mission
THE CENTRAL WASHINGTON UNIVERSITY FOUNDATION IS A PARTNERSHIP OF COMMITTED VOLUNTEERS WORKING IN CONCERT WITH DONORS, ALUMNI, FRIENDS, AND THE UNIVERSITY COMMUNITIES TO RAISE PRIVATE FUNDS THAT SUPPORT THE STUDENTS, FACULTY AND PROGRAMS AT CENTRAL WASHINGTON UNIVERSITY.
Activities or mission (Part I)
THE CENTRAL WASHINGTON UNIVERSITY FOUNDATION IS A PARTNERSHIP OF COMMITTED VOLUNTEERS WORKING IN CONCERT WITH DONORS, ALUMNIL FRIENDS, AND THE UNIVERSITY COMMUNITIES TO RAISE PRIVATE FUNDS THAT SUPPORT THE STUDENTS, FACULTY AND PROGRAMS AT CENTRAL WASHINGTON UNIVERSITY.
-
SCHOLARSHIPS FOR STUDENTS: MAJORITY IS ALLOCATED TO CWU TO ASSIST INDIVIDUALS.
Expenses $1,686,390 · Grants $1,909,984 · Revenue $28,402
-
PROGRAM SUPPORT FOR ACADEMIC PROGRAMS: SEMINARS, COLLOQUIUMS, TRAVEL, WORKSHOPS, FELLOWSHIPS, HONORARIUMS, PUBLICATIONS AND CONFERENCES.
Expenses $2,309,127
As filed on the 2022 return.
Listed in Part VII
-
Paul ElstonePAUL ELSTONE
EXECUTIVE DIRECTOR
- Total calculated
- $127,283
- From this org
- $105,690
- From related orgs
- $0
- Other
- $21,593
- Hours/week
- 16
-
Frederick KohoutFREDERICK KOHOUT
BOARD MEMBER (THRU 09/22)
- Total calculated
- $0
- Hours/week
- 1
-
James OckermanJAMES OCKERMAN
BOARD MEMBER (THRU 10/22)
- Total calculated
- $0
- Hours/week
- 1
-
Joe AdamsJOE ADAMS
BOARD MEMBER (THRU 09/22)
- Total calculated
- $0
- Hours/week
- 1
-
Ralph ConnerRALPH CONNER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Wendy IwaszukWENDY IWASZUK
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Amy HansonAMY HANSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
John FisherJOHN FISHER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Janet BackusJANET BACKUS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Pete BarlowPETE BARLOW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kelly BengstonKELLY BENGSTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steven BraceSTEVEN BRACE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Aaron ChristophersenAARON CHRISTOPHERSEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lisa ConquergoodLISA CONQUERGOOD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jodi DalyJODI DALY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jason DavisJASON DAVIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andrew HatlestadANDREW HATLESTAD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Leonard HillLEONARD HILL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ozo JaculewiczOZO JACULEWICZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Scott McCammantSCOTT MCCAMMANT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey O'DonnellJEFFREY O'DONNELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ben RemakBEN REMAK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer RichardsJENNIFER RICHARDS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Angelina SmithANGELINA SMITH
BOARD MEMBER
- 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.
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
The filer's explanations (Part III)
- PART I, LINE 3
- THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF CENTRAL WASHINGTON UNIVERSITY. THE UNIVERSITY BASES THE EXECUTIVE DIRECTOR'S SALARY ON A MARKET-BASED SALARY SURVEY. THE FOUNDATION DOES NOT PAY THE WAGES. THE AMOUNT OF COMPENSATION REPORTED ON PART VII OF FORM 990 IS THE FOUNDATION'S ALLOCABLE SHARE OF THE EXECUTIVE DIRECTOR'S COMPENSATION.
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
-
CENTRAL WASHINGTON UNIVERSITY
$1,660,778
SCHOLARSHIPS & GENERAL SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333469349300953
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