Form 990 for tax year 2023
Filed by GREEN RIVER COLLEGE FOUNDATION.
Totals
- Total revenue
- $9,600,714
- Total expenses
- $4,852,109
- Contributions and grants received
- $1,260,756
- Grants paid
- $1,005,218
- Program service revenue
- $3,408,790
- Investment income
- $4,780,988
- Other revenue
- $150,180
- Total assets, end of year
- $38,094,537
- Total liabilities, end of year
- $10,593,450
- Net assets or fund balances, end of year
- $27,501,087
- Program services expenses (Part IX)
- $4,007,781
- Management and general expenses
- $477,452
- Fundraising expenses
- $366,876
- Program service expenses (Part III)
- $4,007,781
Program services were 82.6% 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.
-
1a · Federated campaigns
$100,000
-
1f · All other contributions, gifts and grants
$1,160,756
-
1g · Noncash contributions included above
$4,215
-
2a · Program service revenue: GHC STUDENT VILLAGE LLC
total $3,130,403 · related or exempt $3,130,403
-
2b · Program service revenue: ENUMCLAW CAMPUS
total $129,923 · related or exempt $129,923
-
2c · Program service revenue: CAMPUS PROGRAMS
total $101,045 · related or exempt $101,045
-
2d · Program service revenue: GATOR BOOSTER
total $47,419 · related or exempt $47,419
-
3 · Investment income
total $752,637 · excluded $752,637
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $28,624,107
-
7b · Less cost or other basis and sales expenses
securities $24,595,756
-
7c · Gain or loss
securities $4,028,351
-
7d · Net gain or loss
total $4,028,351 · excluded $4,028,351
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: GRCC STUDENT VILLAGE MISC
total $150,180 · related or exempt $150,180
-
11e · Other revenue, total
$150,180
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,005,218 · program services $1,005,218
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,192,179 · program services $785,274 · management and general $201,231 · fundraising $205,674
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $158,286 · management and general $158,286
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $104,106 · program services $4,350 · management and general $93,091 · fundraising $6,665
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $63,518 · program services $8,889 · fundraising $54,629
-
13 · Office expenses
total $28,710 · program services $2,123 · management and general $12,980 · fundraising $13,607
-
14 · Information technology
total $88,546 · management and general $7,802 · fundraising $80,744
-
15 · Royalties
total $0
-
16 · Occupancy
total $379,103 · program services $379,103
-
17 · Travel
total $3,966 · program services $3,231 · fundraising $735
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $773,405 · program services $773,364 · management and general $41
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $578,293 · program services $578,293
-
23 · Insurance
total $152,768 · program services $138,706 · management and general $14,062
-
24a · Other expenses: DONATIONS
total $222,149 · program services $222,149
-
24b · Other expenses: TROPHIES AND AWARDS
total $12,798 · program services $1,644 · management and general $9,532 · fundraising $1,622
-
24c · Other expenses: MISC EXPENSES
total $89,064 · program services $105,437 · management and general -$19,573 · fundraising $3,200
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $1,967,854 · end of year $2,105,566
-
3 · Pledges and grants receivable
beginning of year $230,128 · end of year $285,253
-
4 · Accounts receivable
beginning of year $59,079 · end of year $77,597
-
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
-
7 · Other notes and loans receivable
beginning of year $45,677 · end of year $46,946
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $30,812 · end of year $25,209
-
10a · Land, buildings and equipment: cost or other basis
$17,589,907
-
10b · Land, buildings and equipment: accumulated depreciation
$11,381,695
-
10c · Land, buildings and equipment, net
beginning of year $6,553,208 · end of year $6,208,212
-
11 · Investments: publicly traded securities
beginning of year $24,658,736 · end of year $27,999,800
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $116,877 · end of year $537,158
-
15 · Other assets
beginning of year $1,007,792 · end of year $808,796
-
17 · Accounts payable and accrued expenses
beginning of year $567,671 · end of year $655,692
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $410,407 · end of year $437,382
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $9,458,204 · end of year $9,500,376
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $9,427,708 · end of year $11,421,306
-
28 · Net assets with donor restrictions
beginning of year $14,806,173 · end of year $16,079,781
Mission and programs · 2023
Mission
GREEN RIVER COLLEGE FOUNDATION PROVIDES RESOURCES TO ASSIST GREEN RIVER COLLEGE ACHIEVE EDUCATIONAL EXCELLENCE.
Activities or mission (Part I)
Green River College Foundation (GRCF) provides resources to assist Green River College in achieving educational excellence.
-
The Green River Student Village LLC provides housing for Green River College Students. There are approximately 340 units on campus with full facilities open to all members of Green River College. Student housing is advertised through brochures and the college website.
Expenses $3,408,638 · Revenue $3,303,290
-
Gifts to Green River College include student assistance and scholarships which are advertised throughout the campus and the community. In addition, the Foundation gifted funds for personnel assistance and equipment to the college.
Expenses $557,985 · Revenue $230,546
-
Green River College campus programs include Gator Booster, KGRG Radios Stations AM/FM, international programs and others that support athletic programs and activities throughout the campus.
Expenses $41,158 · Revenue $25,134
As filed on the 2023 return.
Listed in Part VII
-
Suzanne Johnson
2nd Vice Pres
- Total calculated
- $361,230
- From this org
- $0
- From related orgs
- $308,972
- Other
- $52,258
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $308,972 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $31,195 related
- Nontaxable benefits
- not reported + $21,063 related
- Filer's total
- not reported + $361,230 related
-
Rolita Ezeonu
Director
- Total calculated
- $219,412
- From this org
- $0
- From related orgs
- $197,861
- Other
- $21,551
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $197,861 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $19,790 related
- Nontaxable benefits
- not reported + $1,761 related
- Filer's total
- not reported + $219,412 related
-
George Frasier
Executive Director
- Total calculated
- $213,924
- From this org
- $0
- From related orgs
- $175,421
- Other
- $38,503
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $175,421 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $17,804 related
- Nontaxable benefits
- not reported + $20,699 related
- Filer's total
- not reported + $213,924 related
-
Shirley Bean
Treasurer
- Total calculated
- $210,004
- From this org
- $0
- From related orgs
- $173,211
- Other
- $36,793
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $173,211 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $16,094 related
- Nontaxable benefits
- not reported + $20,699 related
- Filer's total
- not reported + $210,004 related
-
Adriana Barrera
Director
- Total calculated
- $0
- Hours/week
- 1
-
Deborah Casey-Powell
Director
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Nancy Colson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bruce deJong
Director
- Total calculated
- $0
- Hours/week
- 1
-
Britnee Dolce
Director
- Total calculated
- $0
- Hours/week
- 1
-
Awale Farah
Director
- Total calculated
- $0
- Hours/week
- 1
-
Robert Filson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Charlene Grinolds
Director
- Total calculated
- $0
- Hours/week
- 1
-
Matt Maury
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jason Nelson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dave Pouliot
Director
- Total calculated
- $0
- Hours/week
- 1
-
Frank Rasmussen
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Jim Rottle
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Schneider
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mary Beth Sheehan
President
- Total calculated
- $0
- Hours/week
- 1
-
Cisco Malpartida Smith
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gail Spurrell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Stirgus
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brent Swearingen
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jim Tanasse
Past President
- Total calculated
- $0
- Hours/week
- 1
-
Binoy Varughese
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kim Secord Walley
Director
- Total calculated
- $0
- Hours/week
- 1
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)
- Part 1 Line 3
- Compensation of the Executive Director is by written contract with Green River College.
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
-
Green River College
$1,042,873
Scholarships and Supplies
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.
-
Green River College
501(c)(3) · Community Col · WA
Directly controlled by NA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
GRCC Student Village LLC
Student Housi · WA · income $3,303,290 · assets -$1,353,168
Directly controlled by GRC Foundat
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 20 January 2026
- IRS schema version
- 2023v6.0
- Source object
- 202630239349301043
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