Form 990 for tax year 2023
Filed by LOWER COLUMBIA COLLEGE FOUNDATION.
Totals
- Total revenue
- $12,059,592
- Total expenses
- $2,229,562
- Contributions and grants received
- $7,528,609
- Grants paid
- $740,036
- Program service revenue
- $0
- Investment income
- $4,518,658
- Other revenue
- $12,325
- Total assets, end of year
- $33,899,505
- Total liabilities, end of year
- $69,126
- Net assets or fund balances, end of year
- $33,830,379
- Program services expenses (Part IX)
- $1,862,524
- Management and general expenses
- $263,242
- Fundraising expenses
- $103,796
- Program service expenses (Part III)
- $1,862,524
Program services were 83.5% 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
$11,635
-
1f · All other contributions, gifts and grants
$7,516,974
-
1g · Noncash contributions included above
$550,226
-
3 · Investment income
total $823,489 · excluded $823,489
-
7a · Gross sales of assets other than inventory
securities $28,017,986
-
7b · Less cost or other basis and sales expenses
securities $24,322,817
-
7c · Gain or loss
securities $3,695,169
-
7d · Net gain or loss
total $3,695,169 · excluded $3,695,169
-
8a · Fundraising events: gross income
$2,575
-
8a · Fundraising events: contributions included on line 1c
$11,635
-
8b · Fundraising events: direct expenses
$21,189
-
8c · Net income from fundraising events
total -$18,614 · excluded -$18,614
-
11a · Other revenue: VENDING REVENUE
total $22,108 · related or exempt $22,108
-
11b · Other revenue: MISC REVENUE
total $6,038 · related or exempt $6,038
-
11c · Other revenue: EVERGREEN REVENUE
total $2,793 · related or exempt $2,793
-
11e · Other revenue, total
$30,939
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $740,036 · program services $740,036
-
5 · Compensation of officers, directors and key employees
total $76,389 · program services $15,278 · management and general $15,278 · fundraising $45,833
-
7 · Other salaries and wages
total $267,895 · program services $121,094 · management and general $110,893 · fundraising $35,908
-
9 · Other employee benefits
total $76,022 · program services $34,181 · management and general $32,237 · fundraising $9,604
-
10 · Payroll taxes
total $20,108 · program services $9,089 · management and general $8,345 · fundraising $2,674
-
11c · Fees: accounting
total $23,100 · management and general $23,100
-
11f · Fees: investment management
total $106,681 · program services $106,681
-
12 · Advertising and promotion
total $5,575 · program services $4,424 · management and general $1,106 · fundraising $45
-
13 · Office expenses
total $78,280 · program services $62,369 · management and general $15,625 · fundraising $286
-
14 · Information technology
total $41,588 · management and general $41,588
-
22 · Depreciation, depletion and amortization
total $11,490 · management and general $11,490
-
23 · Insurance
total $3,580 · management and general $3,580
-
24a · Other expenses: PROGRAM SUPPORT TO LLC
total $769,372 · program services $769,372
-
24b · Other expenses: DONOR RECOGNITION
total $9,446 · fundraising $9,446
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,632,306 · end of year $232,387
-
2 · Savings and temporary cash investments
beginning of year $60,724 · end of year $2,088,169
-
3 · Pledges and grants receivable
beginning of year $1,255,020 · end of year $2,129,132
-
9 · Prepaid expenses and deferred charges
beginning of year $917 · end of year $985
-
10a · Land, buildings and equipment: cost or other basis
$108,430
-
10b · Land, buildings and equipment: accumulated depreciation
$84,230
-
10c · Land, buildings and equipment, net
beginning of year $47,559 · end of year $24,200
-
11 · Investments: publicly traded securities
beginning of year $22,425,620 · end of year $29,175,763
-
15 · Other assets
beginning of year $0 · end of year $248,869
-
17 · Accounts payable and accrued expenses
beginning of year $63,225 · end of year $69,126
-
27 · Net assets without donor restrictions
beginning of year $3,981,328 · end of year $5,923,769
-
28 · Net assets with donor restrictions
beginning of year $21,377,593 · end of year $27,906,610
Mission and programs · 2023
Mission
LOWER COLUMBIA COLLEGE FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL SUPPORT WHERE PUBLIC FUNDS ARE NOT SUFFICIENT, AND TO GATHER PUBLIC SUPPORT FOR THE ENHANCEMENT OF EDUCATIONAL OPPORTUNITIES AT LOWER COLUMBIA COLLEGE.
-
LOWER COLUMBIA FOUNDATION OPERATES A SCHOLARSHIP PROGRAM TO ASSIST STUDENTS WITH THE COSTS ASSOCIATED WITH HIGHER EDUCATION; INCLUDING TUITION, FEES, TEXT BOOKS, SUPPLIES AND RELATED EDUCATIONAL EXPENSES. SCHOLARSHIP CRITERIA ARE DETERMINED BY SCHOLARSHIP DONORS IN KEEPING WITH THE POLICIES OF THE FOUNDATION AND LOWER COLUMBIA COLLEGE.
Expenses $571,041 · Grants $571,041
-
LOWER COLUMBIA COLLEGE FOUNDATION FOSTERS EXCELLENCE IN TEACHING AND LEARNING AND PROMOTES THE CONTINUAL DEVELOPMENT OF CHALLENGING EDUCATIONAL PROGRAMS ACCROSS THE CURRICULUM THROUGH THE PROVISION OF GRANTS TO FACULTY AND STAFF. EXAMPLES OF GRANT-FUNDED INITIATIVES INCLUDES: RESEARCH PROJECTS; CURRICULUM DEVELOPMENT AND EXPANSION OF COURSE OFFERINGS; PROFESSIONAL DEVELOPMENT INSTITUTES AND CONFERENCES; LECTURES; EVENTS AND AWARDS.
Expenses $168,995 · Grants $168,995
-
LOWER COLUMBIA COLLEGE FOUNDATION PROVIDES SUPPORT FOR AN ARRAY OF INSTRUCTIONAL PROGRAM AND COLLEGE DEPARTMENTS. FOUNDATION DONORS MAY DIRECT THEIR DONATIONS TO SUPPORT SPECIFIC PROGRAMS. FOUNDATION FUNDING SUPPORT SERVICES TO STUDENTS, INSTRUCTIONAL ACTIVITIES, AND THE PROVISION OF A PHYSICAL ENVIRONMENT THAT BEST SUPPORTS THE EDUCTIONAL, SAFETY, AESTHETIC, AND SERVICE NEEDS OF OUR STUDENTS, STAFF AND COMMUNITY.
Expenses $1,122,488
As filed on the 2023 return.
Listed in Part VII
-
Chris BaileyCHRIS BAILEY
LCC PRESIDENT
- Total calculated
- $289,935
- From this org
- $0
- From related orgs
- $250,387
- Other
- $39,548
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $250,387 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $39,548 related
- Filer's total
- $0 + $289,935 related
-
Kendra SpragueKENDRA SPRAGUE
EXECUTIVE DIRECTOR
- Total calculated
- $173,517
- From this org
- $0
- From related orgs
- $144,796
- Other
- $28,721
- Hours/week
- 16 + 24 related
Schedule J breakdown matched by us
- Base
- $0 + $144,796 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $28,721 related
- Filer's total
- $0 + $173,517 related
-
Roberta Alba-EstradaROBERTA ALBA-ESTRADA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rick ArkellRICK ARKELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joanna AsplundJOANNA ASPLUND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Liz CattinLIZ CATTIN
TRUSTEE LIASON
- Total calculated
- $0
- Hours/week
- 0.1 + 0.3 related
-
Mike ClaxtonMIKE CLAXTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen FullerSTEPHEN FULLER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Emily GardnerEMILY GARDNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jim HendricksonJIM HENDRICKSON
SECRETARY FINANCE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Margaret HickeyMARGARET HICKEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mary HoweMARY HOWE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michelle TrekasMICHELLE TREKAS
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dixie KolditzDIXIE KOLDITZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John MelinkJOHN MELINK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jane Rosi-PattisonJANE ROSI-PATTISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Chris SearingCHRIS SEARING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Rosemary SiipolaROSEMARY SIIPOLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Matt SeimearsDR MATT SEIMEARS
LCC PRESIDENT
- Total calculated
- $0
- Hours/week
- 2 + 38 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
- 3 · Compensation committee
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
-
LOWER COLUMBIA COLLEGE
$547,041
SCHOLARSHIPS - FINANCIAL AID
-
LOWER COLUMBIA COLLEGE
$63,122
GRANTS - SUPPORT STAFF
-
LOWER COLUMBIA COLLEGE
$45,072
GRANTS - FINANCIAL AID
-
LOWER COLUMBIA COLLEGE
$0
EQUIPMENT AND MATERIALS - SUPPORT FOR 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.
-
LOWER COLUMBIA COLLEGE
170C · EDUCATION · WA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 27 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530299349301408
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