Form 990 for tax year 2023
Filed by BELLINGHAM TECHNICAL COLLEGE FOUNDATION.
Totals
- Total revenue
- $2,429,144
- Total expenses
- $1,877,813
- Contributions and grants received
- $2,072,099
- Grants paid
- $1,771,464
- Program service revenue
- $0
- Investment income
- $357,045
- Other revenue
- $0
- Total assets, end of year
- $8,128,446
- Total liabilities, end of year
- $37,387
- Net assets or fund balances, end of year
- $8,091,059
- Program services expenses (Part IX)
- $1,774,808
- Management and general expenses
- $87,025
- Fundraising expenses
- $15,980
- Program service expenses (Part III)
- $1,774,808
Program services were 94.5% 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
$2,072,099
-
1g · Noncash contributions included above
$60,949
-
3 · Investment income
total $180,549 · excluded $180,549
-
7a · Gross sales of assets other than inventory
securities $730,000
-
7b · Less cost or other basis and sales expenses
securities $553,504
-
7c · Gain or loss
securities $176,496
-
7d · Net gain or loss
total $176,496 · excluded $176,496
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $858,206 · program services $858,206
-
2 · Grants to domestic individuals
total $913,258 · program services $913,258
-
11c · Fees: accounting
total $22,970 · management and general $22,970
-
11f · Fees: investment management
total $30,000 · management and general $30,000
-
16 · Occupancy
total $20,000 · management and general $20,000
-
24a · Other expenses: Fundraising and steward
total $16,165 · management and general $833 · fundraising $15,332
-
24b · Other expenses: Dues and subscriptions
total $12,107 · program services $1,695 · management and general $9,764 · fundraising $648
-
24e · All other expenses
total $5,107 · program services $1,649 · management and general $3,458
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $328,750 · end of year $283,906
-
3 · Pledges and grants receivable
beginning of year $19,669 · end of year $84,003
-
11 · Investments: publicly traded securities
beginning of year $6,953,404 · end of year $7,759,987
-
15 · Other assets
beginning of year $700 · end of year $550
-
17 · Accounts payable and accrued expenses
beginning of year $327,534 · end of year $23,875
-
25 · Other liabilities
beginning of year $14,799 · end of year $13,512
-
27 · Net assets without donor restrictions
beginning of year $537,486 · end of year $880,298
-
28 · Net assets with donor restrictions
beginning of year $6,422,704 · end of year $7,210,761
Mission and programs · 2023
Mission
Change lives by expanding access to quality education for the students of Bellingham Technical College.
Activities or mission (Part I)
Enhancing instructional programs at Bellingham Technical College.
-
The Foundation removes financial barriers for students, supports faculty professional development opportunities, enhances the college's academic programs and other campus services, including: the Veteran's Center, Food Pantry, DEI, TRIO, Child and Family Services, Running Start, Outreach, and the Library.The Foundation provided the following amounts to support its mission: student academic scholarships and emergency funding of $908,250, professional development for faculty of $5,008, academic program enhancements and campus service support (including equipment, computers, software, vehicles and vehicle parts) of $780,482, donated program equipment of $60,949, and other of $16,775.
Expenses $1,774,808 · Grants $1,771,464
As filed on the 2023 return.
Listed in Part VII
-
Lin Nelson
Board President
- Total calculated
- $0
- Hours/week
- 1
-
Tiffany Blair
Board Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Norm Vigre
Board Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Crystal Greear
Board Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
David Blair
Board Emeritus
- Total calculated
- $0
- Hours/week
- 1
-
August DeLuca
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Mike Burke
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Lance Calloway
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Debbie Granger
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Bernadino Garcia
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
James Lemerond
Board Ex Officio
- Total calculated
- $0
- Hours/week
- 1
-
Walter Michelutti
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Mike Morse
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Casey Morriss
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Celina Phair
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Russ Whidbee
Board Emeritus
- Total calculated
- $0
- Hours/week
- 1
-
Manuel Pacheco
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Alyssa Willis
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dean Fulton
Foundation Director
- Total calculated
- $161,352
- From this org
- $103,821
- From related orgs
- $0
- Other
- $57,531
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $103,821
- Bonus
- $0
- Other
- $0
- Deferred
- $29,310
- Nontaxable benefits
- $28,221
- Filer's total
- $161,352
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:
- Dean Fulton receives salary and benefits (retirement and health) from Bellingham Technical College for services provided to the Foundation as the Foundation Director.
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
-
Bellingham Technical College
$797,257
College programs
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510389349300321
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