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← EVERETT COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by EVERETT COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$1,239,250
Total expenses
$1,018,013
Contributions and grants received
$940,638
Grants paid
$855,737
Program service revenue
$37,184
Investment income
$270,461
Other revenue
-$9,033
Total assets, end of year
$7,488,930
Total liabilities, end of year
$14,639
Net assets or fund balances, end of year
$7,474,291
Program services expenses (Part IX)
$877,215
Management and general expenses
$102,071
Fundraising expenses
$38,727
Program service expenses (Part III)
$877,215

Program services were 86.2% 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

    $93,121

  • 1d · Related organizations

    $168,691

  • 1f · All other contributions, gifts and grants

    $678,826

  • 1g · Noncash contributions included above

    $22,963

  • 2a · Program service revenue: CONTRACT REVENUES

    total $37,184 · related or exempt $37,184

  • 3 · Investment income

    total $193,300 · excluded $193,300

  • 7a · Gross sales of assets other than inventory

    securities $3,103,932

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

    securities $3,026,771

  • 7c · Gain or loss

    securities $77,161

  • 7d · Net gain or loss

    total $77,161 · excluded $77,161

  • 8a · Fundraising events: gross income

    $0

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

    $93,121

  • 8b · Fundraising events: direct expenses

    $11,234

  • 8c · Net income from fundraising events

    total -$11,234 · excluded -$11,234

  • 11a · Other revenue: MISC REVENUE

    total $2,201 · excluded $2,201

  • 11e · Other revenue, total

    $2,201

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $446,082 · program services $446,082

  • 2 · Grants to domestic individuals

    total $409,655 · program services $409,655

  • 11a · Fees: management

    total $60,000 · program services $21,281 · management and general $26,982 · fundraising $11,737

  • 11c · Fees: accounting

    total $23,097 · management and general $23,097

  • 11f · Fees: investment management

    total $30,524 · management and general $30,524

  • 13 · Office expenses

    total $7,365 · program services $178 · management and general $7,132 · fundraising $55

  • 14 · Information technology

    total $8,641 · management and general $8,641

  • 17 · Travel

    total $165 · management and general $165

  • 22 · Depreciation, depletion and amortization

    total $2,448 · management and general $2,448

  • 23 · Insurance

    total $1,613 · management and general $1,613

  • 24a · Other expenses: DONOR DEVELOPMENT

    total $26,888 · fundraising $26,888

  • 24b · Other expenses: MISC. EXPENSES

    total $1,535 · program services $19 · management and general $1,469 · fundraising $47

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $183,415 · end of year $262,121

  • 2 · Savings and temporary cash investments

    beginning of year $1,697,863 · end of year $1,486,248

  • 3 · Pledges and grants receivable

    beginning of year $31,677 · end of year $92,508

  • 4 · Accounts receivable

    beginning of year $20,027 · end of year $7,017

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,925 · end of year $2,818

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

    $128,186

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

    $45,383

  • 10c · Land, buildings and equipment, net

    beginning of year $85,251 · end of year $82,803

  • 11 · Investments: publicly traded securities

    beginning of year $5,019,401 · end of year $5,499,779

  • 15 · Other assets

    beginning of year $55,798 · end of year $55,636

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,622 · end of year $14,639

  • 27 · Net assets without donor restrictions

    beginning of year $790,669 · end of year $801,782

  • 28 · Net assets with donor restrictions

    beginning of year $6,287,066 · end of year $6,672,509

Mission and programs · 2022

Mission

WORKING TOGETHER WITH EVERETT COMMUNITY COLLEGE, WE ASSIST IN MAKING AVAILABLE ACCESSIBLE LEARNING OPPORTUNITIES FOR EVERYONE. THROUGH OUR PARTNERSHIP, WE AWAKEN PEOPLE TO POSSIBILITY AND, THROUGH EDUCATION, ENABLE THEM TO ACHIEVE THEIR DREAMS.

Activities or mission (Part I)

TO ASSIST IN MAKING AVAILABLE ACCESSIBLE LEARNING OPPORTUNITIES FOR EVERYONE.

  • PROVIDED SCHOLARSHIPS TO APPROXIMATELY 196 STUDENTS UNDER SEVERAL PROGRAMS.

    Expenses $409,655 · Grants $409,655

  • COLLEGE PROGRAM SUPPORT - SUPPORT OF VARIOUS INSTRUCTIONAL PROGRAMS AT EVERETT COMMUNITY COLLEGE. FOSTER CONTINUING PROFESSIONAL DEVELOPMENT OF FACULTY AND STAFF SKILLS AND DEPTH OF KNOWLEDGE. FACILITATE EDUCATIONAL AND CULTURAL EVENTS AND FOSTER ALUMNI AND RETIREE RELATIONS. THESE ACTIVITIES SERVED FACULTY MEMBERS AND SUPPORTED OR PARTIALLY SUPPORTED CAMPUS ACTIVITIES THAT INVOLVED STUDENTS, PROSPECTIVE STUDENTS, AND COMMUNITY MEMBERS THROUGHOUT THE YEAR.

    Expenses $467,560 · Grants $446,082 · Revenue $37,184

As filed on the 2022 return.

Listed in Part VII

  • John Olson

    EXECUTIVE DIRECTOR

    Total calculated
    $153,530
    From this org
    $0
    From related orgs
    $128,166
    Other
    $25,364
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $128,166 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,968 related
    Nontaxable benefits
    $0 + $12,396 related
    Filer's total
    $0 + $153,530 related

  • Andy Hall

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Henry Veldman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Babette Babich

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Nicole Amor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Theresa Boyle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Blythe Brockway-Ring

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Craig Chase

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rebecca Cherney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dan Eernissee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Carla Forney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Seth Jacobsen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Minh Ly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jerry Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Liberty Stansberry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mandi Wagner

    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 · Written employment contract

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

  • EVERETT COMMUNITY COLLEGE

    $424,204

    SUPPORT FOR COLLEGE PROGRAMS AND STUDENT SCHOLARSHIPS

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.

  • EVERETT COMMUNITY COLLEGE

    COLLEGE · WA

Provenance

Return type
form_990
Tax year
2022
Filed
13 December 2023
IRS schema version
2022v5.0
Source object
202333479349300113

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