Totals
- Total revenue
- $7,290,775
- Total expenses
- $7,131,471
- Contributions and grants received
- $6,207,867
- Grants paid
- $2,821,503
- Program service revenue
- $0
- Investment income
- $1,529,440
- Other revenue
- -$446,532
- Total assets, end of year
- $49,957,100
- Total liabilities, end of year
- $2,549,974
- Net assets or fund balances, end of year
- $47,407,126
- Program services expenses (Part IX)
- $6,270,263
- Management and general expenses
- $262,066
- Fundraising expenses
- $599,142
- Program service expenses (Part III)
- $6,270,263
Program services were 87.9% 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
$2,087,430
-
1f · All other contributions, gifts and grants
$4,120,437
-
1g · Noncash contributions included above
$2,500
-
3 · Investment income
total $1,507,931 · excluded $1,507,931
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $21,509
-
7c · Gain or loss
securities $21,509
-
7d · Net gain or loss
total $21,509 · excluded $21,509
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$2,087,430
-
8b · Fundraising events: direct expenses
$446,532
-
8c · Net income from fundraising events
total -$446,532 · excluded -$446,532
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $2,821,503 · program services $2,821,503
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $8,800 · management and general $8,800
-
11c · Fees: accounting
total $82,298 · management and general $82,298
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $65,319 · management and general $65,319
-
11g · Fees: other
total $690,142 · program services $262,382 · management and general $1,507 · fundraising $426,253
-
12 · Advertising and promotion
total $24,242 · program services $6,352 · fundraising $17,890
-
13 · Office expenses
total $79,497 · program services $25,349 · management and general $12,667 · fundraising $41,481
-
14 · Information technology
total $86,097 · program services $8,730 · management and general $6,204 · fundraising $71,163
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $4,350 · program services $130 · management and general $2,953 · fundraising $1,267
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $39,968 · program services $5,416 · management and general $26,477 · fundraising $8,075
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $19,552 · management and general $19,552
-
24a · Other expenses: ACADEMIC PROGRAM SUPPORT
total $3,036,661 · program services $3,036,661
-
24b · Other expenses: MISCELLANEOUS
total $86,356 · program services $17,247 · management and general $36,096 · fundraising $33,013
-
24c · Other expenses: COLLEGE DISCRETIONARY FUNDS
total $84,886 · program services $84,693 · management and general $193
-
24d · Other expenses: OTHER AWARDS
total $1,800 · program services $1,800
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $626,860 · end of year $1,219,619
-
2 · Savings and temporary cash investments
beginning of year $8,143,886 · end of year $9,804,489
-
3 · Pledges and grants receivable
beginning of year $5,947,107 · end of year $3,928,224
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $14,423 · end of year $64,910
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $31,463,473 · end of year $34,939,858
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $594,428 · end of year $567,854
-
18 · Grants payable
beginning of year $1,422,637 · end of year $1,982,120
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $5,862,404 · end of year $7,729,503
-
28 · Net assets with donor restrictions
beginning of year $38,316,280 · end of year $39,677,623
Mission and programs · 2023
Mission
THE SEATTLE COLLEGES FOUNDATION CATALYZES COMMUNITY SUPPORT TO ADVANCE THE MISSION, WORK AND IMPACT OF SEATTLE COLLEGES. WE ENGAGE OUR COMMUNITY TO TRANSFORM LIVES, PROMOTE EQUITY AND INCREASE ACCESS TO QUALITY, AFFORDABLE EDUCATION.
Activities or mission (Part I)
We catalyze community support to advance the mission, work and impact of Seattle colleges.
-
Student Scholarships: Seattle Colleges is an inclusive, open-access institution, and we recognize that significant gaps in educational attainment persist for first-generation students, students of color, and students facing economic challenges. Scholarships remove financial barriers to college enrollment, reduce student debt, and correlate with certificate/degree completion, career attainment, and a highly qualified work force. We granted 513 scholarships during the fiscal year.
Expenses $2,821,503 · Grants $2,821,503
-
Academic Program Support: Seattle Colleges provides a comprehensive array of high quality associate's, bachelor's, and technical and professional degree programs. Program grants fortify proven student success initiatives, update academic program offerings, enhance professional development opportunities for faculty and staff, and modernize state-of-the-art facilities and technology.
Expenses $3,448,760
As filed on the 2023 return.
Listed in Part VII
-
Kerry HowellKERRY HOWELL
CHIEF EXECUTIVE OFFICER
- Total calculated
- $253,460
- From this org
- $216,010
- From related orgs
- $0
- Other
- $37,450
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $216,010
- Bonus
- not reported
- Other
- not reported
- Deferred
- $22,156
- Nontaxable benefits
- $15,294
- Filer's total
- $253,460
-
Traci Russell
Executive Director
- Total calculated
- $170,743
- From this org
- $142,068
- From related orgs
- $0
- Other
- $28,675
- Hours/week
- 36
Schedule J breakdown matched by us
- Base
- $142,068
- Bonus
- not reported
- Other
- not reported
- Deferred
- $14,218
- Nontaxable benefits
- $14,457
- Filer's total
- $170,743
-
Michael Beneke
Director of Communications
- Total calculated
- $169,712
- From this org
- $140,235
- From related orgs
- $0
- Other
- $29,477
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $140,235
- Bonus
- not reported
- Other
- not reported
- Deferred
- $14,262
- Nontaxable benefits
- $15,215
- Filer's total
- $169,712
-
Nick Pennington
ED of Finance and Admin.
- Total calculated
- $166,118
- From this org
- $136,767
- From related orgs
- $0
- Other
- $29,351
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $136,767
- Bonus
- not reported
- Other
- not reported
- Deferred
- $14,387
- Nontaxable benefits
- $14,964
- Filer's total
- $166,118
-
Jon Fine
Chair, Exec. Chair, Dev. Chair
- Total calculated
- $0
- Hours/week
- 3
-
Jackie Martinez-Vasquez
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Mike Hughes
TREASURER, Finance Chair
- Total calculated
- $0
- Hours/week
- 3
-
Sarah Jane Gunter
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Will Rance
Governance Chair
- Total calculated
- $0
- Hours/week
- 3
-
Barbara Dingfield
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark Gleason
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Aracely Godinez
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve Hill
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim Howell
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph Jahn
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard LockeRICHARD LOCKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lauren McGowan
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandra Madrid
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott Meden
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rahim Rajan
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fred Rivera
Director
- Total calculated
- $0
- Hours/week
- 1
-
Shiao-Yen Wu
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark Dawson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rick Davis
Director
- 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. 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
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)
- Form 990, Part VII, Section A:
- The compensation amounts reported on Form 990, Part VII, Section A for Traci Russell, Kerry Howell, Michael Beneke, and Nick Pennington were paid by an unrelated organization, Seattle Colleges, for services provided to Seattle Colleges Foundation.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530919349300338
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.