Form 990 for tax year 2024

Filed by GRAYS HARBOR COLLEGE FOUNDATION INC.

Totals

Total revenue: $15,144,478
Total expenses: $1,627,772
Contributions and grants received: $14,140,602
Grants paid: $1,303,232
Program service revenue: $0
Investment income: $1,008,514
Other revenue: -$4,638
Total assets, end of year: $32,725,289
Total liabilities, end of year: $3,365
Net assets or fund balances, end of year: $32,721,924
Program services expenses (Part IX): $1,362,006
Management and general expenses: $221,871
Fundraising expenses: $43,895
Program service expenses (Part III): $1,362,006

Program services were 83.7% 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

$99,519
1f · All other contributions, gifts and grants

$14,041,083
1g · Noncash contributions included above

$1,227
3 · Investment income

total $693,440 · excluded $693,440
7a · Gross sales of assets other than inventory

securities $315,074
7b · Less cost or other basis and sales expenses

securities $0
7c · Gain or loss

securities $315,074
7d · Net gain or loss

total $315,074 · related or exempt $315,074
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$99,519
8b · Fundraising events: direct expenses

$8,981
8c · Net income from fundraising events

total -$8,981 · excluded -$8,981
11a · Other revenue: INTEREST-CHELTEN

total $4,343 · excluded $4,343
11e · Other revenue, total

$4,343

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $1,303,232 · program services $1,303,232
7 · Other salaries and wages

total $107,941 · program services $44,000 · management and general $30,627 · fundraising $33,314
8 · Pension plan contributions

total $8,560 · program services $3,489 · management and general $2,429 · fundraising $2,642
9 · Other employee benefits

total $23,414 · program services $9,544 · management and general $6,644 · fundraising $7,226
10 · Payroll taxes

total $2,309 · program services $941 · management and general $655 · fundraising $713
11c · Fees: accounting

total $7,100 · management and general $7,100
11f · Fees: investment management

total $117,692 · management and general $117,692
13 · Office expenses

total $47,215 · management and general $47,215
23 · Insurance

total $2,464 · management and general $2,464
24a · Other expenses: MISCELLANEOUS

total $6,617 · management and general $6,617
24b · Other expenses: INKIND

total $1,228 · program services $800 · management and general $428

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,616,205 · end of year $2,917,405
3 · Pledges and grants receivable

beginning of year $107,961 · end of year $76,211
11 · Investments: publicly traded securities

beginning of year $15,382,784 · end of year $29,653,309
12 · Investments: other securities

beginning of year $40,261 · end of year $32,954
15 · Other assets

beginning of year $45,410 · end of year $45,410
17 · Accounts payable and accrued expenses

beginning of year $1,433 · end of year $3,365
27 · Net assets without donor restrictions

beginning of year $1,749,201 · end of year $4,861,790
28 · Net assets with donor restrictions

beginning of year $15,441,987 · end of year $27,860,134

Mission and programs · 2024

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. STUDENT SUCCESS: THE FOUNDATION SUPPORTS GRAYS HARBOR COLLEGE STUDENTS BY REDUCING FINANCIAL BARRIERS TO EDUCATION THROUGH SCHOLARSHIPS, CHILDCARE ASSISTANCE, AND EMERGENCY GRANTS. FUNDED BY ENDOWED AND NON-ENDOWED SOURCES ESTABLISHED BY DONORS AND THE BOARD OF DIRECTORS, THESE PROGRAMS HELP STUDENTS STAY ENROLLED AND PROGRESS TOWARD THEIR DEGREES. SCHOLARSHIP AWARDS ARE BASED ON FACTORS SUCH AS ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND PROGRAM OF STUDY, AND ARE APPLIED DIRECTLY TO TUITION, FEES, AND OTHER EDUCATIONAL EXPENSES. CHILDCARE AND EMERGENCY FUNDS PROVIDE CRITICAL SUPPORT FOR STUDENT PARENTS AND THOSE FACING UNEXPECTED FINANCIAL HARDSHIP, HELPING THEM REMAIN IN SCHOOL AND COMPLETE THEIR PROGRAMS. TOGETHER, THESE EFFORTS ADVANCE ACCESS, EQUITY, AND STUDENT SUCCESS ACROSS THE COLLEGE.

Expenses $843,931 · Grants $810,513
GRAYS HARBOR COLLEGE FACILITY AWARDS. COLLEGE SUPPORT: THE FOUNDATION PROVIDES CRITICAL FUNDING TO GRAYS HARBOR COLLEGE FOR PROJECTS AND INITIATIVES THAT ENHANCE THE STUDENT EXPERIENCE AND ADVANCE THE COLLEGE'S MISSION. SUPPORTED THROUGH DONOR CONTRIBUTIONS AND BOARD-DIRECTED FUNDS, THESE AWARDS HELP FUND CAMPUS IMPROVEMENTS, INSTRUCTIONAL EQUIPMENT, TECHNOLOGY UPGRADES, PROFESSIONAL DEVELOPMENT, AND OTHER STRATEGIC PRIORITIES. EACH REQUEST IS REVIEWED TO ENSURE ALIGNMENT WITH DONOR INTENT AND THE FOUNDATION'S CHARITABLE PURPOSE. THROUGH THIS SUPPORT, THE FOUNDATION STRENGTHENS ACADEMIC QUALITY, EXPANDS OPPORTUNITIES, AND ENRICHES THE EDUCATIONAL ENVIRONMENT FOR STUDENTS AND THE BROADER COMMUNITY.

Expenses $518,075 · Grants $492,719

As filed on the 2024 return.

Listed in Part VII

Rebecca ChaffeeREBECCA CHAFFEE

PRESIDENT

Total calculated

$0

Hours/week

4
Mary NelsonMARY NELSON

TREASURER

Total calculated

$0

Hours/week

4
Lynn GreenLYNN GREEN

SECRETARY

Total calculated

$0

Hours/week

4
Dr Arlene TorgersonDR ARLENE TORGERSON

PAST-PRESIDENT

Total calculated

$0

Hours/week

4
Tim MartinTIM MARTIN

DIRECTOR

Total calculated

$0

Hours/week

2
Gary MoreanGARY MOREAN

DIRECTOR

Total calculated

$0

Hours/week

2
Joshua HolbrookJOSHUA HOLBROOK

DIRECTOR

Total calculated

$0

Hours/week

2
Steve RogersSTEVE ROGERS

DIRECTOR

Total calculated

$0

Hours/week

2
Mark StensagerMARK STENSAGER

VICE PRESIDENT

Total calculated

$0

Hours/week

4
Joy McGregorJOY MCGREGOR

DIRECTOR

Total calculated

$0

Hours/week

2
Shelli HopsecgerSHELLI HOPSECGER

DIRECTOR

Total calculated

$0

Hours/week

2
Harold WarrenHAROLD WARREN

DIRECTOR

Total calculated

$0

Hours/week

2
Jill SmithJILL SMITH

DIRECTOR

Total calculated

$0

Hours/week

2
Kati KachmanKATI KACHMAN

DIRECTOR

Total calculated

$0

Hours/week

2
Kenneth HuntKENNETH HUNT

DIRECTOR

Total calculated

$0

Hours/week

2
Cassie LentzCASSIE LENTZ

DIRECTOR

Total calculated

$0

Hours/week

2
Stephen I RupertSTEPHEN I RUPERT

DIRECTOR

Total calculated

$0

Hours/week

2
Alissa ShayALISSA SHAY

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

GRAYS HARBOR COLLEGE

$810,513

SCHOLARSHIP ASSISTANCE FOR STUDENTS
GRAYS HARBOR COLLEGE

$492,719

SUPPORT FOR THE COLLEGE INCLUDING BUILDING PROJECTS

Provenance

Return type: form_990
Tax year: 2024
Filed: 12 November 2025
IRS schema version: 2024v5.2
Source object: 202533189349301223

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

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