Form 990 for tax year 2023
Filed by GRAYS HARBOR COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $2,270,703
- Total expenses
- $1,430,845
- Contributions and grants received
- $1,624,968
- Grants paid
- $1,129,847
- Program service revenue
- $0
- Investment income
- $647,920
- Other revenue
- -$2,185
- Total assets, end of year
- $17,192,621
- Total liabilities, end of year
- $1,433
- Net assets or fund balances, end of year
- $17,191,188
- Program services expenses (Part IX)
- $1,221,770
- Management and general expenses
- $167,355
- Fundraising expenses
- $41,720
- Program service expenses (Part III)
- $1,221,770
Program services were 85.4% 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
$149,416
-
1f · All other contributions, gifts and grants
$1,475,552
-
1g · Noncash contributions included above
$42,185
-
3 · Investment income
total $360,560 · excluded $360,560
-
7a · Gross sales of assets other than inventory
securities $4,246,862
-
7b · Less cost or other basis and sales expenses
securities $3,959,502
-
7c · Gain or loss
securities $287,360
-
7d · Net gain or loss
total $287,360 · excluded $287,360
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$149,416
-
8b · Fundraising events: direct expenses
$5,026
-
8c · Net income from fundraising events
total -$5,026 · excluded -$5,026
-
11a · Other revenue: INTEREST-CHELTEN
total $2,841 · excluded $2,841
-
11e · Other revenue, total
$2,841
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,129,847 · program services $1,129,847
-
7 · Other salaries and wages
total $94,816 · program services $37,556 · management and general $25,356 · fundraising $31,904
-
9 · Other employee benefits
total $30,469 · program services $12,182 · management and general $8,471 · fundraising $9,816
-
11c · Fees: accounting
total $6,900 · management and general $6,900
-
11f · Fees: investment management
total $81,604 · management and general $81,604
-
13 · Office expenses
total $40,282 · management and general $40,282
-
23 · Insurance
total $2,459 · management and general $2,459
-
24a · Other expenses: INKIND
total $42,185 · program services $42,185
-
24b · Other expenses: MISCELLANEOUS
total $2,283 · management and general $2,283
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,470,144 · end of year $1,616,205
-
3 · Pledges and grants receivable
beginning of year $180,184 · end of year $107,961
-
11 · Investments: publicly traded securities
beginning of year $13,736,722 · end of year $15,382,784
-
12 · Investments: other securities
beginning of year $37,420 · end of year $40,261
-
15 · Other assets
beginning of year $45,410 · end of year $45,410
-
17 · Accounts payable and accrued expenses
beginning of year $2,658 · end of year $1,433
-
27 · Net assets without donor restrictions
beginning of year $1,642,477 · end of year $1,749,201
-
28 · Net assets with donor restrictions
beginning of year $13,824,745 · end of year $15,441,987
Mission and programs · 2023
Mission
TO PROVIDE ASSISTANCE TO GRAYS HARBOR COLLEGE AND ITS STUDENTS.
Activities or mission (Part I)
TO SUPPORT GRAYS HARBOR COLLEGE THROUGH TUITION GRANTS, STAFF EXCELLENT AWARDS AND OTHER SUPPORT.
-
GRAYS HARBOR COLLEGE TUITION AWARDS
Expenses $779,917 · Grants $751,040
-
GRAYS HARBOR COLLEGE FACILITY AWARDS
Expenses $441,853 · Grants $378,807
As filed on the 2023 return.
Listed in Part VII
-
ARLENE TORGERSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
MARY NELSON
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
LYNN GREEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
ALISSA SHAY
PASS-PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
TIM MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
GARY MOREAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JOSHUA HOLBROOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
STEVE ROGERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
REBECCA CHAFFEE
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
JOY MCGREGOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
SHELLI HOPSECGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
HAROLD WARREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JILL SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
KATI KACHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
KENNETH HUNT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MARK STENSAGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
STEPHEN I RUPERT
DIRECTOR
- 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.
Grants on this return
-
$751,040
SCHOLARSHIP ASSISTANCE FOR STUDENTS
-
$378,807
SUPPORT FOR THE COLLEGE INCLUDING BUILDING PROJECTS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432749349300603
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