Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $170,825

• 1f · All other contributions, gifts and grants

  $7,280,066

• 1g · Noncash contributions included above

  $432,601

• 2a · Program service revenue: PROGRAM EVENTS

  total $1,710 · related or exempt $1,710

• 3 · Investment income

  total $1,236,233 · excluded $1,236,233

• 7a · Gross sales of assets other than inventory

  securities $14,928,627

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

  securities $10,655,800

• 7c · Gain or loss

  securities $4,272,827

• 7d · Net gain or loss

  total $4,272,827 · excluded $4,272,827

• 8a · Fundraising events: gross income

  $112,569

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

  $170,825

• 8b · Fundraising events: direct expenses

  $107,816

• 8c · Net income from fundraising events

  total $4,753 · excluded $4,753

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $5,691 · related or exempt $5,691

• 11b · Other revenue: GIFT FEE

  total $3,181 · related or exempt $3,181

• 11c · Other revenue: ADMIN FEE

  total $2,399 · related or exempt $2,399

• 11e · Other revenue, total

  $11,271

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,831,225 · program services $1,831,225

• 7 · Other salaries and wages

  total $214,782 · program services $191,883 · management and general $25 · fundraising $22,874

• 11b · Fees: legal

  total $20,415 · management and general $20,415

• 11c · Fees: accounting

  total $41,830 · management and general $41,830

• 11e · Fees: professional fundraising services

  total $206,085 · fundraising $206,085

• 11g · Fees: other

  total $272,901 · program services $196,778 · management and general $76,123

• 13 · Office expenses

  total $182,334 · program services $141,743 · management and general $3,679 · fundraising $36,912

• 14 · Information technology

  total $132,138 · program services $5,520 · management and general $126,270 · fundraising $348

• 17 · Travel

  total $294,507 · program services $212,887 · management and general $24,346 · fundraising $57,274

• 20 · Interest

  total $63,025 · management and general $63,025

• 23 · Insurance

  total $7,486 · program services $7,486

• 24a · Other expenses: UNIVERSITY SUPPORT

  total $1,398,427 · program services $945,699 · management and general $170,464 · fundraising $282,264

• 24b · Other expenses: WRITE-OFF OF PLEDGES

  total $8,956 · program services $8,956

• 24c · Other expenses: MISCELLANEOUS

  total $1,333 · program services $1,333

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $897,993 · end of year $596,942

• 3 · Pledges and grants receivable

  beginning of year $1,561,717 · end of year $3,158,010

• 11 · Investments: publicly traded securities

  beginning of year $51,500,458 · end of year $62,482,238

• 17 · Accounts payable and accrued expenses

  beginning of year $444,098 · end of year $462,295

• 23 · Secured mortgages and notes payable

  beginning of year $1,057,478 · end of year $836,320

• 25 · Other liabilities

  beginning of year $1,779,694 · end of year $1,663,170

• 27 · Net assets without donor restrictions

  beginning of year $6,640,483 · end of year $9,198,923

• 28 · Net assets with donor restrictions

  beginning of year $44,038,415 · end of year $54,076,482

The filer's explanations (Part III)

PART I, LINE 3

THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF CENTRAL WASHINGTON UNIVERSITY. THE UNIVERSITY BASES THE EXECUTIVE DIRECTOR'S SALARY ON A MARKET-BASED SALARY SURVEY. THE FOUNDATION DOES NOT PAY THE WAGES. THE AMOUNT OF COMPENSATION REPORTED ON PART VII OF FORM 990 IS THE FOUNDATION'S ALLOCABLE SHARE OF THE EXECUTIVE DIRECTOR'S COMPENSATION.