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Nonprofiteer
← FOUNDATION FOR TACOMA STUDENTS

Form 990 for tax year 2024

Filed by FOUNDATION FOR TACOMA STUDENTS.

Totals

Total revenue
$4,286,080
Total expenses
$4,402,000
Contributions and grants received
$1,439,229
Grants paid
$1,155,842
Program service revenue
$2,727,943
Investment income
$0
Other revenue
$118,908
Total assets, end of year
$845,842
Total liabilities, end of year
$233,122
Net assets or fund balances, end of year
$612,720
Program services expenses (Part IX)
$3,214,225
Management and general expenses
$798,381
Fundraising expenses
$389,394
Program service expenses (Part III)
$3,214,225

Program services were 73.0% 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

    $1,439,229

  • 2a · Program service revenue: CONTRACTED EDUCATION S

    total $2,727,943 · related or exempt $2,727,943

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $118,908 · related or exempt $118,908

  • 11e · Other revenue, total

    $118,908

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,102,228 · program services $1,102,228

  • 2 · Grants to domestic individuals

    total $53,614 · program services $53,614

  • 5 · Compensation of officers, directors and key employees

    total $215,886 · program services $110,103 · management and general $82,036 · fundraising $23,747

  • 7 · Other salaries and wages

    total $1,508,280 · program services $817,057 · management and general $504,053 · fundraising $187,170

  • 9 · Other employee benefits

    total $98,418 · program services $52,924 · management and general $33,455 · fundraising $12,039

  • 10 · Payroll taxes

    total $144,634 · program services $77,776 · management and general $49,165 · fundraising $17,693

  • 11c · Fees: accounting

    total $24,820 · management and general $24,820

  • 11e · Fees: professional fundraising services

    total $37,153 · fundraising $37,153

  • 11g · Fees: other

    total $186,347 · program services $168,858 · management and general $7,461 · fundraising $10,028

  • 12 · Advertising and promotion

    total $54,132 · program services $16,240 · management and general $10,826 · fundraising $27,066

  • 13 · Office expenses

    total $32,246 · program services $17,751 · management and general $6,967 · fundraising $7,528

  • 14 · Information technology

    total $88,648 · program services $48,800 · management and general $19,154 · fundraising $20,694

  • 16 · Occupancy

    total $125,768 · program services $62,884 · management and general $37,731 · fundraising $25,153

  • 17 · Travel

    total $3,493 · program services $1,746 · management and general $699 · fundraising $1,048

  • 19 · Conferences, conventions and meetings

    total $676,921 · program services $663,383 · fundraising $13,538

  • 22 · Depreciation, depletion and amortization

    total $9,556 · program services $7,167 · management and general $1,911 · fundraising $478

  • 23 · Insurance

    total $11,735 · management and general $11,735

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $21,562 · program services $10,781 · management and general $6,469 · fundraising $4,312

  • 24b · Other expenses: MISCELLANEOUS

    total $5,825 · program services $2,913 · management and general $1,165 · fundraising $1,747

  • 24c · Other expenses: BAD DEBTS

    total $734 · management and general $734

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $468,686 · end of year $479,790

  • 3 · Pledges and grants receivable

    beginning of year $322,506 · end of year $220,845

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $13,212

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

    $145,027

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

    $135,006

  • 10c · Land, buildings and equipment, net

    beginning of year $19,577 · end of year $10,021

  • 15 · Other assets

    beginning of year $189,213 · end of year $121,974

  • 17 · Accounts payable and accrued expenses

    beginning of year $70,702 · end of year $104,809

  • 25 · Other liabilities

    beginning of year $200,640 · end of year $128,313

  • 27 · Net assets without donor restrictions

    beginning of year $642,195 · end of year $490,775

  • 28 · Net assets with donor restrictions

    beginning of year $86,445 · end of year $121,945

Mission and programs · 2024

Mission

TO INCREASE BY 50% BOTH THE GRADUATION RATE OF TACOMA PUBLIC SCHOOLS STUDENTS AND THOSE WHO COMPLETE A COLLEGE DEGREE OR TECHNICAL CERTIFICATE. SUCCESS WILL REQUIRE MEASURING AND CLOSING GAPS IN ACCESS, OPPORTUNITIES AND ACHIEVEMENT FOR ALL STUDENTS FROM CRADLE TO COLLEGE AND CAREER.

  • FOUNDATION FOR TACOMA STUDENTS PROVIDES MANAGEMENT AND COORDINATION OF COMMUNITY-WIDE STRATEGIES DESIGNED TO INCREASE BY 50% BOTH THE GRADUATION RATE OF TACOMA PUBLIC SCHOOLS STUDENTS AND THOSE WHO COMPLETE A COLLEGE DEGREE OR TECHNICAL CERTIFICATE. USING FOUR KEY STRATEGIES, THE FOUNDATION IS COMMITTED TO SHARED GOALS; USES DATA TO INFORM BETTER DECISION MAKING; ACTS COLLABORATIVELY AND ALIGNS RESOURCES FOR SUSTAINABLE INVESTMENT.

    Expenses $3,214,225 · Grants $1,155,842 · Revenue $2,846,851

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Ivan Harrell II

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Katie Condit

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • David Jones

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Tanisha Jumper

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Dr Joyce Loveday

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Stuart Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cassandra Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Victoria Woodards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Lance Goodpaster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Sheila Edwars Lange

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ben Withworth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Holly Bamford Hunt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nathe Lawver

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sandra Eliason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Chio Flores

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tafona Ervin

    EXECUTIVE DIRECTOR

    Total calculated
    $215,886
    From this org
    $209,866
    From related orgs
    $0
    Other
    $6,020
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,866
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,020
    Filer's total
    $215,886

  • Gray Sterling

    DEPUTY DIRECTOR

    Total calculated
    $162,706
    From this org
    $156,686
    From related orgs
    $0
    Other
    $6,020
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,686
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,020
    Filer's total
    $162,706

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202523189349305747

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

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