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Nonprofiteer
← FOUNDATION FOR TACOMA STUDENTS

Form 990 for tax year 2022

Filed by FOUNDATION FOR TACOMA STUDENTS.

Totals

Total revenue
$1,439,731
Total expenses
$2,851,992
Contributions and grants received
$1,439,731
Grants paid
$228,409
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,309,942
Total liabilities, end of year
$312,194
Net assets or fund balances, end of year
$1,997,748
Program services expenses (Part IX)
$2,025,243
Management and general expenses
$557,916
Fundraising expenses
$268,833
Program service expenses (Part III)
$2,025,243

Program services were 71.0% 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

    $37,256

  • 1f · All other contributions, gifts and grants

    $1,402,475

  • 1g · Noncash contributions included above

    $3,900

  • 8a · Fundraising events: gross income

    $0

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

    $37,256

  • 8b · Fundraising events: direct expenses

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $145,613 · program services $145,613

  • 2 · Grants to domestic individuals

    total $82,796 · program services $82,796

  • 5 · Compensation of officers, directors and key employees

    total $218,026 · program services $21,803 · management and general $130,816 · fundraising $65,407

  • 7 · Other salaries and wages

    total $885,612 · program services $542,851 · management and general $225,787 · fundraising $116,974

  • 9 · Other employee benefits

    total $111,162 · program services $56,874 · management and general $35,918 · fundraising $18,370

  • 10 · Payroll taxes

    total $87,230 · program services $44,630 · management and general $28,185 · fundraising $14,415

  • 11g · Fees: other

    total $1,004,255 · program services $900,271 · management and general $63,325 · fundraising $40,659

  • 12 · Advertising and promotion

    total $81,088 · program services $70,547 · management and general $6,487 · fundraising $4,054

  • 13 · Office expenses

    total $61,055 · program services $48,333 · management and general $9,670 · fundraising $3,052

  • 16 · Occupancy

    total $108,602 · program services $81,451 · management and general $22,271 · fundraising $4,880

  • 22 · Depreciation, depletion and amortization

    total $12,530 · program services $9,397 · management and general $2,506 · fundraising $627

  • 23 · Insurance

    total $7,909 · program services $5,932 · management and general $1,582 · fundraising $395

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $20,488 · program services $10,244 · management and general $10,244

  • 24b · Other expenses: BAD DEBTS

    total $20,000 · management and general $20,000

  • 24c · Other expenses: MISCELLANEOUS

    total $5,626 · program services $4,501 · management and general $1,125

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,270,736 · end of year $1,627,142

  • 3 · Pledges and grants receivable

    beginning of year $1,157,551 · end of year $384,406

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,685

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

    $145,027

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

    $112,680

  • 10c · Land, buildings and equipment, net

    beginning of year $39,644 · end of year $32,347

  • 15 · Other assets

    beginning of year $4,000 · end of year $266,047

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,696 · end of year $32,964

  • 18 · Grants payable

    beginning of year $15,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $279,230

  • 27 · Net assets without donor restrictions

    beginning of year $2,079,713 · end of year $646,389

  • 28 · Net assets with donor restrictions

    beginning of year $1,348,207 · end of year $1,351,359

Mission and programs · 2022

Mission

TO INCREASE BY 50% BOTH THE GRADUATION RATE OF TACOMA PUBLIC SCHOOLS STUDENTS AND THOSE WHO COMPLETE A COLLEGE DEGREE OR TECHNICAL CERTIFICATE. SUCCESS WILL REQUIRE MEASURING AND CLOSING GAPS IN ACCESS, OPPORTUNITIES AND ACHIEVEMENT FOR ALL STUDENTS FROM CRADLE TO COLLEGE AND CAREER.

  • FOUNDATION FOR TACOMA STUDENTS PROVIDES MANAGEMENT AND COORDINATION OF COMMUNITY-WIDE STRATEGIES DESIGNED TO INCREASE BY 50% BOTH THE GRADUATION RATE OF TACOMA PUBLIC SCHOOLS STUDENTS AND THOSE WHO COMPLETE A COLLEGE DEGREE OR TECHNICAL CERTIFICATE. USING FOUR KEY STRATEGIES, THE FOUNDATION IS COMMITTED TO SHARED GOALS; USES DATA TO INFORM BETTER DECISION MAKING; ACTS COLLABORATIVELY AND ALIGNS RESOURCES FOR SUSTAINABLE INVESTMENT.

    Expenses $2,025,243 · Grants $228,409

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Victoria Woodards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tanisha Jumper

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Joshua Knudson

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Carrie Prudente Holden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Bonbright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Shon Sylvia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patty Rose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Richard Remmert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Melannie Denise Cunningham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lois Bernstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Katie Condit

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Joshua Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cassandra Mitchell

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Stuart Young

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Arielle Flesher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brooke Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ivan Harrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Holly Bamford Hunt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrea Cobb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.25

  • Tafona Ervin

    EXECUTIVE DIRECTOR

    Total calculated
    $218,027
    From this org
    $201,795
    From related orgs
    $0
    Other
    $16,232
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,795
    Bonus
    $0
    Other
    $0
    Deferred
    $10,561
    Nontaxable benefits
    $5,671
    Filer's total
    $218,027

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 survey or study
  • 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

  • CARVER'S CAMP CANOE JOURNEY - PUYALLUP WATERSHED INTIATIVE

    $18,274

    PROGRAMS:CARVER'S CAMP CANOE JOURNEY

  • TACOMA-PIERCE CO EMPLOYMENT AND TRAINING

    $11,500

    SOCIAL CAPITAL GRANT IMPLEMENTATION

  • ENHANCED PREP

    $10,000

    2022 SENIOR SUPPORTS

  • STUDYCOM LLC

    $10,000

    2022 SENIOR SUPPORTS

  • CARVER'S CAMP CANOE JOURNEY -ASHLEY MOCORRO POWELL

    $6,930

    PROGRAMS:CARVER'S CAMP CANOE JOURNEY:HONORARIUM

  • NA'AH ILLAHEE FUND

    $6,720

    PROGRAMS:CARVER'S CAMP CANOE JOURNEY:NA'AH ILLAHEE

  • TACOMA COMMUNITY COLLEGE

    $6,500

    SOCIAL CAPITAL GRANT IMPLEMENTATION

  • UNIVERSITY OF WASHINGTON TACOMA

    $6,500

    SOCIAL CAPITAL GRANT IMPLEMENTATION

  • TACOMA ONLINE

    $6,000

    2022 TEACHER IMPACT AWARD

  • CARVER'S CAMP CANOE JOURNEY - DEMARUS TEVUK

    $5,018

    PROGRAMS:CARVER'S CAMP CANOE JOURNEY

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

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202323189349315107

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

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