Totals
- Total revenue
- $5,475,653
- Total expenses
- $8,366,217
- Contributions and grants received
- $3,879,157
- Grants paid
- $4,394,058
- Program service revenue
- $0
- Investment income
- $1,596,496
- Other revenue
- $0
- Total assets, end of year
- $51,307,609
- Total liabilities, end of year
- $3,893,480
- Net assets or fund balances, end of year
- $47,414,129
- Program services expenses (Part IX)
- $7,445,863
- Management and general expenses
- $363,938
- Fundraising expenses
- $556,416
- Program service expenses (Part III)
- $7,445,863
Program services were 89.0% 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.
-
1f · All other contributions, gifts and grants
$3,879,157
-
2a · Program service revenue
total $0 · related or exempt $0 · unrelated business $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,596,496 · excluded $1,596,496
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $4,394,058 · program services $4,394,058
-
4 · Benefits paid to or for members
total $0 · program services $0
-
11b · Fees: legal
total $10,779 · program services $0 · management and general $10,779 · fundraising $0
-
11c · Fees: accounting
total $77,149 · program services $0 · management and general $77,149 · fundraising $0
-
11f · Fees: investment management
total $68,859 · program services $0 · management and general $68,859 · fundraising $0
-
11g · Fees: other
total $550,989 · program services $269,142 · management and general $22,853 · fundraising $258,994
-
12 · Advertising and promotion
total $59,492 · program services $6,904 · management and general $0 · fundraising $52,588
-
13 · Office expenses
total $234,981 · program services $37,599 · management and general $96,542 · fundraising $100,840
-
14 · Information technology
total $112,660 · program services $8,730 · management and general $8,321 · fundraising $95,609
-
17 · Travel
total $6,792 · program services $0 · management and general $2,429 · fundraising $4,363
-
19 · Conferences, conventions and meetings
total $37,157 · program services $4,516 · management and general $22,315 · fundraising $10,326
-
22 · Depreciation, depletion and amortization
total $1,288 · program services $0 · management and general $1,288 · fundraising $0
-
23 · Insurance
total $20,990 · program services $0 · management and general $20,990 · fundraising $0
-
24a · Other expenses: ACADEMIC PROGRAM SUPPORT
total $2,578,436 · program services $2,578,436 · management and general $0 · fundraising $0
-
24b · Other expenses: COLLEGE DISCRETIONARY FUNDS
total $128,060 · program services $128,060 · management and general $0 · fundraising $0
-
24c · Other expenses: MISCELLANEOUS EXPENSES
total $84,099 · program services $17,990 · management and general $32,413 · fundraising $33,696
-
24d · Other expenses: OTHER AWARDS
total $428 · program services $428 · management and general $0 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,219,619 · end of year $383,401
-
2 · Savings and temporary cash investments
beginning of year $9,804,489 · end of year $11,910,056
-
3 · Pledges and grants receivable
beginning of year $3,928,224 · end of year $2,564,198
-
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
-
9 · Prepaid expenses and deferred charges
beginning of year $64,910 · end of year $112,658
-
10a · Land, buildings and equipment: cost or other basis
$15,462
-
10b · Land, buildings and equipment: accumulated depreciation
$1,288
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $14,174
-
11 · Investments: publicly traded securities
beginning of year $34,939,858 · end of year $36,323,122
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $567,854 · end of year $1,229,359
-
18 · Grants payable
beginning of year $1,982,120 · end of year $2,664,121
-
22 · Loans and payables to officers and key people
end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $7,729,503 · end of year $8,594,174
-
28 · Net assets with donor restrictions
beginning of year $39,677,623 · end of year $38,819,955
Mission and programs · 2024
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 560 SCHOLARSHIPS DURING THE FISCAL YEAR.
Expenses $4,394,058 · Grants $4,394,058
-
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 $3,051,805
As filed on the 2024 return.
Listed in Part VII
-
Jon FineJON FINE
CHAIR, EXEC. PAST CHAIR, DEV. CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Mark DawsonMARK DAWSON
TREASURER, FINANCE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Rahim RajanRAHIM RAJAN
Vice Chair
- Total calculated
- $0
- Hours/week
- 3
-
Sarah Jane GunterSARAH JANE GUNTER
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Steve HillSTEVE HILL
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Will RanceWILL RANCE
GOVERNANCE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Aracely GodinezARACELY GODINEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barbara DingfieldBARBARA DINGFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fred RiveraFRED RIVERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lauren McGowanLAUREN MCGOWAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marc MoraMARC MORA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark GleasonMARK GLEASON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike HughesMIKE HUGHES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rick LockeRICK LOCKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rick DavisRICK DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandra MadridSANDRA MADRID
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott MedenSCOTT MEDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shiao-Yen WuSHIAO-YEN WU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim HowellTIM HOWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kerry HowellKERRY HOWELL
CHIEF EXECUTIVE OFFICER
- Total calculated
- $241,922
- From this org
- $223,867
- From related orgs
- $0
- Other
- $18,055
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $223,867
- Bonus
- $0
- Other
- $0
- Deferred
- $6,000
- Nontaxable benefits
- $12,055
- Filer's total
- $241,922
-
Michael BenekeMICHAEL BENEKE
DIRECTOR OF COMMUNICATIONS
- Total calculated
- $160,048
- From this org
- $144,931
- From related orgs
- $0
- Other
- $15,117
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $144,931
- Bonus
- $0
- Other
- $0
- Deferred
- $4,373
- Nontaxable benefits
- $10,744
- Filer's total
- $160,048
-
Traci RussellTRACI RUSSELL
EXECUTIVE DIRECTOR
- Total calculated
- $175,945
- From this org
- $142,068
- From related orgs
- $0
- Other
- $33,877
- Hours/week
- 36
Schedule J breakdown matched by us
- Base
- $142,068
- Bonus
- $0
- Other
- $0
- Deferred
- $8,400
- Nontaxable benefits
- $25,477
- Filer's total
- $175,945
-
Joey MCLEMORE
Controller
- Total calculated
- $140,879
- From this org
- $125,028
- From related orgs
- $0
- Other
- $15,851
- Hours/week
- 40
-
Nick PenningtonNICK PENNINGTON
ED OF FINANCE AND ADMIN
- Total calculated
- $164,117
- From this org
- $141,623
- From related orgs
- $0
- Other
- $22,494
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,623
- Bonus
- $0
- Other
- $0
- Deferred
- $12,000
- Nontaxable benefits
- $10,494
- Filer's total
- $164,117
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)
- Schedule J, Part II
- THE COMPENSATION AMOUNTS REPORTED ON FORM 990, PART VII, SECTION A FOR TRACI RUSSELL, KERRY HOWELL, MICHAEL BENEKE, JOEY MCLEMORE, 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
- 2024
- Filed
- 12 February 2026
- IRS schema version
- 2024v5.1
- Source object
- 202610439349301851
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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