Skip to content
Nonprofiteer
← RENTON TECHNICAL COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by RENTON TECHNICAL COLLEGE FOUNDATION.

Totals

Total revenue
$2,508,719
Total expenses
$812,412
Contributions and grants received
$2,463,219
Grants paid
$725,919
Program service revenue
$0
Investment income
$71,978
Other revenue
-$26,478
Total assets, end of year
$4,495,592
Total liabilities, end of year
$5,845
Net assets or fund balances, end of year
$4,489,747
Program services expenses (Part IX)
$734,960
Management and general expenses
$59,318
Fundraising expenses
$18,134
Program service expenses (Part III)
$734,960

Program services were 90.5% 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

    $98,372

  • 1f · All other contributions, gifts and grants

    $2,364,847

  • 1g · Noncash contributions included above

    $10,962

  • 3 · Investment income

    total $85,341 · excluded $85,341

  • 7a · Gross sales of assets other than inventory

    securities $563,943

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

    securities $577,306

  • 7c · Gain or loss

    securities -$13,363

  • 7d · Net gain or loss

    total -$13,363 · excluded -$13,363

  • 8a · Fundraising events: gross income

    $12,492

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

    $98,372

  • 8b · Fundraising events: direct expenses

    $38,970

  • 8c · Net income from fundraising events

    total -$26,478 · excluded -$26,478

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $725,919 · program services $725,919

  • 11c · Fees: accounting

    total $28,572 · management and general $28,572

  • 11e · Fees: professional fundraising services

    total $5,000 · fundraising $5,000

  • 11f · Fees: investment management

    total $18,365 · management and general $18,365

  • 13 · Office expenses

    total $16,525 · program services $5,780 · management and general $5,801 · fundraising $4,944

  • 19 · Conferences, conventions and meetings

    total $4,659 · program services $3,261 · management and general $932 · fundraising $466

  • 23 · Insurance

    total $1,362 · management and general $1,362

  • 24a · Other expenses: FUNDRAISING

    total $7,724 · fundraising $7,724

  • 24b · Other expenses: BANK CHARGES

    total $4,286 · management and general $4,286

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $252,114 · end of year $407,774

  • 2 · Savings and temporary cash investments

    beginning of year $199,512 · end of year $176,528

  • 4 · Accounts receivable

    beginning of year $79,358 · end of year $115,938

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,952 · end of year $12,424

  • 11 · Investments: publicly traded securities

    beginning of year $2,091,401 · end of year $3,782,928

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,666 · end of year $5,845

  • 27 · Net assets without donor restrictions

    beginning of year $283,643 · end of year $298,010

  • 28 · Net assets with donor restrictions

    beginning of year $2,347,028 · end of year $4,191,737

Mission and programs · 2022

Mission

TO BEST SERVE OUR REGIONAL COMMUNITY BY ADVANCING CAREER-TRAINING OPPORTUNITIES AT RENTON TECHNICAL COLLEGE THROUGH FUNDRAISING AND COMMUNITY ADVOCACY.

  • THE RENTON TECHNICAL COLLEGE FOUNDATION'S (THE FOUNDATION) MAIN OBJECTIVE IS TO PROVIDE STUDENTS AT RENTON TECHNICAL COLLEGE WITH AMPLE RESOURCES TO ACHIEVE THEIR ACADEMIC AND CAREER TRAINING GOALS. DURING THE 2023 FISCAL YEAR, THE FOUNDATION PROVIDED SCHOLARSHIPS TO MORE THAN 400 STUDENTS.

    Expenses $691,770 · Grants $685,122

  • THE FOUNDATION MEETS STUDENT NEEDS THROUGH EMERGENCY GRANTS AND SIMILAR STUDENT SUPPORT SERVICES. QUALIFYING STUDENTS ARE PROVIDED RESOURCES THAT ALLOW THEM TO MEET THEIR BASIC NEEDS WHICH GIVE THEM ADDITIONAL OPPORTUNITY TO CONCENTRATE ON THEIR SCHOOL WORK. EMERGENCY GRANTS WERE PROVIDED TO MORE THAN 100 STUDENTS DURING THE 2023 FISCAL YEAR.

    Expenses $43,190 · Grants $40,797

As filed on the 2022 return.

Listed in Part VII

  • LORI INMAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • BONNIE NICHOLS

    VICE PRESIDENT OF FINANCE

    Total calculated
    $0
    Hours/week
    3

  • BRENDA COLLONS

    VICE PRESIDENT OF MEMBERSH

    Total calculated
    $0
    Hours/week
    3

  • KIM-KHANH VAN

    VICE PRESIDENT OF DEVELOPM

    Total calculated
    $0
    Hours/week
    3

  • REN TARVIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • HEATHER BARSTOW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THERESA BEAUCHENE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PHILLIP BING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRENT CAMANN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THUY-VAN CAMPBELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FERNANDO DEL VALLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHAE KIM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BARTHOLOMEW KIMANI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARCO MANUELLA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LIZ MURAKAMI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR STEVEN MCKINNON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TYLER PAGE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TALVINDER SAHOTA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KRISSY WENDLANDT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SARAH SIMON

    STUDENT REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • SUKJAE WOO

    STUDENT REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • CARRIE SHAW

    EXECUTIVE DIRECTOR

    Total calculated
    $129,207
    From this org
    $0
    From related orgs
    $104,367
    Other
    $24,840
    Hours/week
    40

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
23 April 2024
IRS schema version
2022v5.0
Source object
202421279349303742

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.