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Nonprofiteer
← WASHINGTON STATE OPPORTUNITY SCHOLARSHIP FOUNDATION

Form 990 for tax year 2024

Filed by WASHINGTON STATE OPPORTUNITY SCHOLARSHIP FOUNDATION.

Totals

Total revenue
$8,443,730
Total expenses
$16,849,645
Contributions and grants received
$7,676,581
Grants paid
$12,225,956
Program service revenue
$0
Investment income
$846,870
Other revenue
-$79,721
Total assets, end of year
$121,816,675
Total liabilities, end of year
$445,163
Net assets or fund balances, end of year
$121,371,512
Program services expenses (Part IX)
$14,368,966
Management and general expenses
$1,691,272
Fundraising expenses
$789,407
Program service expenses (Part III)
$14,368,966

Program services were 85.3% 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

    $287,500

  • 1e · Government grants (contributions)

    $6,180,438

  • 1f · All other contributions, gifts and grants

    $1,208,643

  • 3 · Investment income

    total $104,109 · excluded $104,109

  • 7a · Gross sales of assets other than inventory

    securities $3,029,383

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

    securities $2,286,622

  • 7c · Gain or loss

    securities $742,761

  • 7d · Net gain or loss

    total $742,761 · excluded $742,761

  • 8a · Fundraising events: gross income

    $37,500

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

    $287,500

  • 8b · Fundraising events: direct expenses

    $117,980

  • 8c · Net income from fundraising events

    total -$80,480 · excluded -$80,480

  • 11a · Other revenue: REFUNDS

    total $759 · excluded $759

  • 11e · Other revenue, total

    $759

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $111,900 · program services $111,900

  • 2 · Grants to domestic individuals

    total $12,114,056 · program services $12,114,056

  • 5 · Compensation of officers, directors and key employees

    total $449,287 · program services $236,039 · management and general $132,581 · fundraising $80,667

  • 7 · Other salaries and wages

    total $2,415,998 · program services $1,258,935 · management and general $726,817 · fundraising $430,246

  • 8 · Pension plan contributions

    total $84,391 · program services $46,141 · management and general $22,481 · fundraising $15,769

  • 9 · Other employee benefits

    total $388,825 · program services $225,196 · management and general $86,668 · fundraising $76,961

  • 10 · Payroll taxes

    total $230,614 · program services $126,013 · management and general $61,536 · fundraising $43,065

  • 11b · Fees: legal

    total $28,029 · program services $9,195 · management and general $16,831 · fundraising $2,003

  • 11c · Fees: accounting

    total $82,200 · program services $12,726 · management and general $66,701 · fundraising $2,773

  • 11d · Fees: lobbying

    total $39,999 · program services $13,122 · management and general $24,018 · fundraising $2,859

  • 11f · Fees: investment management

    total $28,606 · management and general $28,606

  • 11g · Fees: other

    total $295,043 · program services $72,074 · management and general $200,194 · fundraising $22,775

  • 12 · Advertising and promotion

    total $76,299 · program services $26,574 · management and general $25,660 · fundraising $24,065

  • 13 · Office expenses

    total $92,045 · program services $31,494 · management and general $32,030 · fundraising $28,521

  • 14 · Information technology

    total $216,035 · program services $53,231 · management and general $127,611 · fundraising $35,193

  • 17 · Travel

    total $34,802 · program services $11,897 · management and general $12,132 · fundraising $10,773

  • 19 · Conferences, conventions and meetings

    total $5,203 · program services $5,203

  • 22 · Depreciation, depletion and amortization

    total $18,546 · program services $3,660 · management and general $11,572 · fundraising $3,314

  • 23 · Insurance

    total $65,138 · program services $4,387 · management and general $56,778 · fundraising $3,973

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $29,071 · program services $2,851 · management and general $23,638 · fundraising $2,582

  • 24b · Other expenses: RECRUITMENT

    total $20,000 · program services $1,961 · management and general $16,263 · fundraising $1,776

  • 24c · Other expenses: B&O TAX

    total $11,111 · program services $1,090 · management and general $9,034 · fundraising $987

  • 24d · Other expenses: DONOR APPRECIATION

    total $7,445 · program services $730 · management and general $6,054 · fundraising $661

  • 24e · All other expenses

    total $5,002 · program services $491 · management and general $4,067 · fundraising $444

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $68,269 · end of year $3,812,524

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $1,794,848

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $11,743,577

  • 4 · Accounts receivable

    beginning of year $0 · end of year $375,847

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,245 · end of year $164,794

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

    $131,294

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

    $84,059

  • 10c · Land, buildings and equipment, net

    beginning of year $10,290 · end of year $47,235

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $103,837,319

  • 15 · Other assets

    beginning of year $0 · end of year $40,531

  • 17 · Accounts payable and accrued expenses

    beginning of year $116,667 · end of year $402,987

  • 25 · Other liabilities

    beginning of year $0 · end of year $42,176

  • 27 · Net assets without donor restrictions

    beginning of year -$14,863 · end of year $103,013

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $121,268,499

Mission and programs · 2024

Mission

TRANSFORM WASHINGTON STATE BY BUILDING PATHWAYS TO HIGH-DEMAND JOBS THAT STRENGTHEN OUR COMMUNITIES AND ECONOMY.

  • WASHINGTON STATE OPPORTUNITY SCHOLARSHIP FOUNDATION (FOUNDATION) BEGAN OPERATIONS IN 2024 TO SERVE AS THE PROGRAM ADMINISTRATOR FOR THE WASHINGTON STATE OPPORTUNITY SCHOLARSHIP PROGRAM (PROGRAM) BY PROVIDING FINANCE, TECHNOLOGY, AND HUMAN RESOURCE SERVICES. THE WSOS PROGRAM IS THE FIRST PUBLIC-PRIVATE SCHOLARSHIP PROGRAM DEDICATED TO BUILDING LASTING PATHWAYS TO POST-SECONDARY EDUCATION AND HIGH-DEMAND HEALTH CARE, STEM, AND TRADE CAREERS FOR ALL WASHINGTON STUDENTS. WE ACCELERATE EQUITABLE CHANGE FOR HISTORICALLY EXCLUDED STUDENTS AND INCREASE THE LOCAL TALENT POOL FOR WASHINGTON BUSINESSES. SEE SCHEDULE O.IN THE ACADEMIC YEAR 24-25, WE SERVED OVER 5,600 SCHOLARSHIPS STATEWIDE INCLUDING SCHOLAR REPRESENTATION ACROSS EVERY LEGISLATIVE DISTRICT AND COUNTY IN THE STATE. TO DATE, THE WSOS PROGRAM HAS OVER 12,500 GRADUATES WORKING IN HIGH-DEMAND FIELDS LIKE HEALTHCARE, ENGINEERING, AND TRADES.

    Expenses $14,368,966 · Grants $12,225,956

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

Listed in Part VII

  • Jessica Peet

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jolenta Coleman-Bush

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Javania Polenska

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gina Breukelman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kimber Connors

    EXECUTIVE DIRECTOR, WSOSF

    Total calculated
    $73,370
    From this org
    $66,061
    From related orgs
    $0
    Other
    $7,309
    Hours/week
    40

  • Johnathan Luster

    INTERIM EXECUTIVE DIRECTOR, WSOS

    Total calculated
    $68,995
    From this org
    $63,738
    From related orgs
    $0
    Other
    $5,257
    Hours/week
    40

  • Garry Hoffman

    FINANCE DIRECTOR

    Total calculated
    $23,590
    From this org
    $21,515
    From related orgs
    $0
    Other
    $2,075
    Hours/week
    40

  • Jeanette Munoz-Colon

    EXECUTIVE DIRECTOR, WSOS FROM 06/25

    Total calculated
    $0
    Hours/week
    40

  • Melissa Lindgren O'Keefe

    COMPTROLLER FROM 05/25

    Total calculated
    $0
    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

  • CONFLUENCE HEALTH

    $19,200

    SUPPORT FOR MENTORING AND SUPERVISING NURSING STUDENTS DURING CLINICAL ROTATIONS.

  • TRUE HOPE PSYCHIATRIC SERVICES LLC

    $12,600

    SUPPORT FOR MENTORING AND SUPERVISING NURSING STUDENTS DURING CLINICAL ROTATIONS.

  • KAISER PERMANENTE

    $7,200

    SUPPORT FOR MENTORING AND SUPERVISING NURSING STUDENTS DURING CLINICAL ROTATIONS.

  • NACHES MEDICAL CLINIC

    $7,200

    FINANCIAL INCENTIVE FOR MENTORING AND SUPERVISING NURSING STUDENTS DURING CLINICAL ROTATIONS

  • FRANCISCAN MEDICAL CLINIC - SPANAWAY

    $6,600

    SUPPORT FOR MENTORING AND SUPERVISING NURSING STUDENTS DURING CLINICAL ROTATIONS.

  • ASTRIA TOPPENISH HOSPITAL

    $5,400

    SUPPORT FOR MENTORING AND SUPERVISING NURSING STUDENTS DURING CLINICAL ROTATIONS.

  • DISCOVER RECOVERY

    $5,400

    SUPPORT FOR MENTORING AND SUPERVISING NURSING STUDENTS DURING CLINICAL ROTATIONS.

  • MINDSET TACOMA LLC

    $5,400

    SUPPORT FOR MENTORING AND SUPERVISING NURSING STUDENTS DURING CLINICAL ROTATIONS.

  • NORTHWEST MIND AND BODY PLLC

    $5,400

    SUPPORT FOR MENTORING AND SUPERVISING NURSING STUDENTS DURING CLINICAL ROTATIONS.

  • OASIS BEHAVIORAL HEALTH

    $5,400

    FINANCIAL INCENTIVE FOR MENTORING AND SUPERVISING NURSING STUDENTS DURING CLINICAL ROTATIONS

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
27 April 2026
IRS schema version
2024v5.5
Source object
202601179349302160

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

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