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Nonprofiteer
← COLLEGE SUCCESS FOUNDATION

Form 990 for tax year 2023

Filed by COLLEGE SUCCESS FOUNDATION.

Totals

Total revenue
$27,225,833
Total expenses
$27,027,495
Contributions and grants received
$11,325,621
Grants paid
$7,349,893
Program service revenue
$15,041,977
Investment income
$480,967
Other revenue
$377,268
Total assets, end of year
$32,347,844
Total liabilities, end of year
$14,267,059
Net assets or fund balances, end of year
$18,080,785
Program services expenses (Part IX)
$22,146,271
Management and general expenses
$3,264,685
Fundraising expenses
$1,616,539
Program service expenses (Part III)
$22,146,271

Program services were 81.9% 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

    $1,109,887

  • 1f · All other contributions, gifts and grants

    $10,215,734

  • 1g · Noncash contributions included above

    $1,482,953

  • 2a · Program service revenue: Fees for Service

    total $149,500 · related or exempt $149,500

  • 2b · Program service revenue: Fees from Govt Agencies

    total $14,892,477 · related or exempt $14,892,477

  • 3 · Investment income

    total $537,131 · excluded $537,131

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

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

    securities $56,164

  • 7c · Gain or loss

    securities -$56,164

  • 7d · Net gain or loss

    total -$56,164 · excluded -$56,164

  • 8a · Fundraising events: gross income

    $60,000

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

    $1,109,887

  • 8b · Fundraising events: direct expenses

    $327,334

  • 8c · Net income from fundraising events

    total -$267,334 · excluded -$267,334

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Administrative Fees

    total $644,602 · excluded $644,602

  • 11e · Other revenue, total

    $644,602

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $811,707 · program services $811,707

  • 2 · Grants to domestic individuals

    total $6,538,186 · program services $6,538,186

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,048,435 · program services $389,586 · management and general $532,590 · fundraising $126,259

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $11,439,197 · program services $9,036,719 · management and general $1,455,418 · fundraising $947,060

  • 8 · Pension plan contributions

    total $413,495 · program services $319,050 · management and general $53,353 · fundraising $41,092

  • 9 · Other employee benefits

    total $1,201,953 · program services $987,787 · management and general $115,543 · fundraising $98,623

  • 10 · Payroll taxes

    total $983,040 · program services $757,934 · management and general $142,985 · fundraising $82,121

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $6,987 · management and general $6,987

  • 11c · Fees: accounting

    total $78,152 · management and general $78,152

  • 11d · Fees: lobbying

    total $18,000 · program services $18,000

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $14,599 · management and general $14,599

  • 11g · Fees: other

    total $1,418,603 · program services $870,508 · management and general $502,925 · fundraising $45,170

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $472,878 · program services $436,299 · management and general $27,295 · fundraising $9,284

  • 14 · Information technology

    total $344,282 · program services $257,902 · management and general $57,349 · fundraising $29,031

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $707,267 · program services $536,824 · management and general $110,122 · fundraising $60,321

  • 17 · Travel

    total $178,371 · program services $136,958 · management and general $24,633 · fundraising $16,780

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $211,889 · program services $131,107 · management and general $64,934 · fundraising $15,848

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $11,737 · management and general $11,737

  • 23 · Insurance

    total $57,105 · program services $43,300 · management and general $8,919 · fundraising $4,886

  • 24a · Other expenses: Participant Incentives

    total $340,967 · program services $327,075 · fundraising $13,892

  • 24b · Other expenses: Student Events

    total $288,527 · program services $288,527

  • 24c · Other expenses: Student Travel

    total $200,488 · program services $200,488

  • 24d · Other expenses: Bad Debt

    total $126,172 · fundraising $126,172

  • 24e · All other expenses

    total $115,458 · program services $58,314 · management and general $57,144

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,187,173 · end of year $2,723,997

  • 2 · Savings and temporary cash investments

    beginning of year $12,962,790 · end of year $16,230,614

  • 3 · Pledges and grants receivable

    beginning of year $6,657,500 · end of year $7,108,503

  • 4 · Accounts receivable

    beginning of year $2,556,213 · end of year $2,502,516

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $267,156 · end of year $220,851

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

    $1,064,293

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

    $1,032,476

  • 10c · Land, buildings and equipment, net

    beginning of year $43,552 · end of year $31,817

  • 11 · Investments: publicly traded securities

    beginning of year $392,274 · end of year $1,986,420

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $1,993,452 · end of year $1,543,126

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,241,290 · end of year $1,294,280

  • 18 · Grants payable

    beginning of year $6,972,629 · end of year $8,568,801

  • 21 · Escrow or custodial account liability

    beginning of year $2,110,740 · end of year $2,599,071

  • 25 · Other liabilities

    beginning of year $2,264,966 · end of year $1,804,907

  • 27 · Net assets without donor restrictions

    beginning of year $11,291,905 · end of year $11,764,779

  • 28 · Net assets with donor restrictions

    beginning of year $6,178,580 · end of year $6,316,006

Mission and programs · 2023

Mission

We provide a unique integrated system of supports and scholarships to inspire underserved, low-income students to finish high school, graduate from college and succeed in life.

  • Scholarship and College Programs: CSF seeks to reduce financial barriers low-income students face by awarding scholarships and providing student support throughout college. Through June 30, 2024, CSF has awarded 17,431 scholarships to 16,900 students, totaling more than $237 million. To date, 12,109 graduates have received a degree. CSF designs and markets scholarship application materials, develops selection processes, and creates scoring rubrics that consider variables required by the funder and include traditional and non-traditional selection criteria. CSF tracks its scholarship awards and scholars through a student data management system, while responding to individual scholar's financial situations and needs.

    Expenses $11,703,469 · Grants $6,789,750 · Revenue $7,751,692

  • College Readiness Programs: CSF provides career and college awareness and support from 7th grade through high school graduation. CSF also works with the Washington Student Achievement Council (WSAC), school districts, and other college access providers to ensure low-income 7th and 8th graders are aware of Washington State's College Bound Scholarship. Our staff is school-based and work in close collaboration with teachers and guidance counselors. CSF also provides summer academic readiness programming through residential college experiences and offers workshops on the financial aid process, academic planning, college admissions process, and social networking skills.

    Expenses $9,814,399 · Revenue $7,290,285

  • Capacity Building: CSF partnered with small, community-based organizations throughout the state of Washington in an effort to ameliorate the negative effects of the COVID pandemic on high school students. Through competitive proposals, nearly 30 organizations were awarded grants focused on ensuring students would graduate and move into post-secondary education. Over 26,000 students were served via on-line and in person programs, with focus areas such as social emotional learning, career exploration and internships, parent and family experiences, STEM and student re-entry/GED.

    Expenses $628,403 · Grants $560,143

As filed on the 2023 return.

Listed in Part VII

  • James Dorsey

    President & CEO

    Total calculated
    $279,336
    From this org
    $252,233
    From related orgs
    $0
    Other
    $27,103
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $249,756
    Bonus
    $2,477
    Other
    not reported
    Deferred
    $12,833
    Nontaxable benefits
    $14,270
    Filer's total
    $279,336

  • Michael Cheever

    Executive VP

    Total calculated
    $218,692
    From this org
    $196,852
    From related orgs
    $0
    Other
    $21,840
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,852
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,070
    Nontaxable benefits
    $11,770
    Filer's total
    $218,692

  • Rosemary Turner

    VP of Operation

    Total calculated
    $193,909
    From this org
    $176,219
    From related orgs
    $0
    Other
    $17,690
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,219
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,877
    Nontaxable benefits
    $8,813
    Filer's total
    $193,909

  • Kellie Nakano

    VP of Program

    Total calculated
    $179,092
    From this org
    $162,133
    From related orgs
    $0
    Other
    $16,959
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,133
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,158
    Nontaxable benefits
    $8,801
    Filer's total
    $179,092

  • Danette Knudson

    VP of Strategy

    Total calculated
    $177,405
    From this org
    $160,943
    From related orgs
    $0
    Other
    $16,462
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,943
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,158
    Nontaxable benefits
    $8,304
    Filer's total
    $177,405

  • Mary Thiesen

    Communication Dir.

    Total calculated
    $154,082
    From this org
    $138,244
    From related orgs
    $0
    Other
    $15,838
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,244
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,051
    Nontaxable benefits
    $8,787
    Filer's total
    $154,082

  • Juliet Schindler

    Public Affair Dir.

    Total calculated
    $153,084
    From this org
    $137,836
    From related orgs
    $0
    Other
    $15,248
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,836
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,959
    Nontaxable benefits
    $8,289
    Filer's total
    $153,084

  • Sarah Porter

    Finance Dir.

    Total calculated
    $139,927
    From this org
    $125,414
    From related orgs
    $0
    Other
    $14,513
    Hours/week
    40

  • Senait Habte

    Executive Dir.

    Total calculated
    $130,464
    From this org
    $116,669
    From related orgs
    $0
    Other
    $13,795
    Hours/week
    40

  • Yichun Chen

    Assistant Dir.

    Total calculated
    $120,369
    From this org
    $113,967
    From related orgs
    $0
    Other
    $6,402
    Hours/week
    40

  • George Bridges

    Chair

    Total calculated
    $0
    Hours/week
    2

  • James P Murphy

    Vice Chair/Trea

    Total calculated
    $0
    Hours/week
    2

  • Walter Impert

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Virginia Anderson

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Neal Boling

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Leona Dotson

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Sheri Flies

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Stacie Foster

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Kelly Fukai

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Nick Hailey

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Lorna Hernandez Jarvis

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Melissa Hill

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • David Hohimer

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Brian Jeffries

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Erik Jones

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Lanine Lange

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Jackie Liao

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Creighton Magid

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Sydney McMaster

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Keith Neal

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • L Darrel Powell

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Tania Santiago Pastrana

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Evan Smith

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Mark Starnes

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Salome Valencia-Bohne

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • John Welch

    Board Member

    Total calculated
    $0
    Hours/week
    2

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 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Approval by the board or 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

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

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.

  • College Success Foundation - DC

    501(c)(3) · Scholarships & programs for DC students · WA · controlled entity

    Directly controlled by College Success Foundation

  • MENTOR Washington

    501(c)(3) · Support to WA mentoring orgs · WA · controlled entity

    Directly controlled by College Success Foundation

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202511329349306361

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

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