Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $13,230

• 1f · All other contributions, gifts and grants

  $5,911,642

• 1g · Noncash contributions included above

  $346,197

• 2f · All other program service revenue

  total $22,012 · related or exempt $22,012

• 3 · Investment income

  total $1,012,360 · excluded $1,012,360

• 5 · Royalties

  total $551,057 · excluded $551,057

• 7a · Gross sales of assets other than inventory

  securities $99,126 · other assets $20,000

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

  securities $0 · other assets $0

• 7c · Gain or loss

  securities $99,126 · other assets $20,000

• 7d · Net gain or loss

  total $119,126 · excluded $119,126

• 8a · Fundraising events: gross income

  $10,221

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

  $13,230

• 8b · Fundraising events: direct expenses

  $15,403

• 8c · Net income from fundraising events

  total -$5,182 · excluded -$5,182

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,676,449 · program services $4,676,449

• 11c · Fees: accounting

  total $23,325 · management and general $23,325

• 11e · Fees: professional fundraising services

  total $79,575 · fundraising $79,575

• 11f · Fees: investment management

  total $148,852 · management and general $148,852

• 11g · Fees: other

  total $106,074 · management and general $106,074

• 12 · Advertising and promotion

  total $59,667 · fundraising $59,667

• 13 · Office expenses

  total $154,555 · management and general $23,430 · fundraising $131,125

• 14 · Information technology

  total $136,023 · management and general $136,023

• 17 · Travel

  total $4,770 · fundraising $4,770

• 19 · Conferences, conventions and meetings

  total $86,110 · management and general $86,110

• 22 · Depreciation, depletion and amortization

  total $3,654 · management and general $3,654

• 23 · Insurance

  total $17,829 · management and general $17,829

• 24a · Other expenses: Bad Debt

  total $80,360 · management and general $80,360

• 24b · Other expenses: Meals & Entertainment

  total $38,405 · fundraising $38,405

• 24c · Other expenses: Bank Fees

  total $28,452 · management and general $28,452

• 24d · Other expenses: Dues & Memberships

  total $556 · management and general $556

• 24e · All other expenses

  total $2,430 · fundraising $2,430

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,824,267 · end of year $7,134,799

• 2 · Savings and temporary cash investments

  beginning of year $2,263,465 · end of year $5,064,561

• 3 · Pledges and grants receivable

  beginning of year $10,347,325 · end of year $8,481,391

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

  $53,103

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

  $44,272

• 10c · Land, buildings and equipment, net

  beginning of year $12,485 · end of year $8,831

• 11 · Investments: publicly traded securities

  beginning of year $28,844,518 · end of year $31,751,270

• 15 · Other assets

  beginning of year $3,063,951 · end of year $3,538,947

• 17 · Accounts payable and accrued expenses

  beginning of year $9,827 · end of year $95,184

• 18 · Grants payable

  beginning of year $4,182,075 · end of year $3,500,000

• 25 · Other liabilities

  beginning of year $461,034 · end of year $422,969

• 27 · Net assets without donor restrictions

  beginning of year $962,720 · end of year $1,183,001

• 28 · Net assets with donor restrictions

  beginning of year $46,740,355 · end of year $50,778,645

The filer's explanations (Part III)

Part I, Line 1a

The Executive Director of the Foundation is given a discretionary fund of $3,000 for uses within the guidelines of the Foundation spending policy. These funds are also shared with each VP unit in the University, each college and department. They receive $500 in discretionary funds. A membership to the Spokane Club is paid for by the Foundation and used for meeting rooms for committee meetings and a central location to meet donors in Spokane.

Part I, Line 1b

The Foundation spending guidelines and the Eastern Washington University employment contract are followed.

Part I, Line 3

The Executive Director receives compensation from an unrelated organization for services provided to the Foundation. The Foundation relies on the unrelated organization to determine compensation. Amounts on Part II reflect calendar year reportable compensation and benefits.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Charitable Remainder Trusts (4)

  Investments · WA

  Directly controlled by EWU FOundation