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Nonprofiteer
← ANACORTES SCHOOLS FOUNDATION

Form 990 for tax year 2023

Filed by ANACORTES SCHOOLS FOUNDATION.

Totals

Total revenue
$1,079,973
Total expenses
$947,544
Contributions and grants received
$931,309
Grants paid
$822,079
Program service revenue
$0
Investment income
$131,745
Other revenue
$16,919
Total assets, end of year
$5,252,468
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,252,468
Program services expenses (Part IX)
$907,750
Management and general expenses
$27,964
Fundraising expenses
$11,830
Program service expenses (Part III)
$907,750

Program services were 95.8% 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.

  • 1c · Fundraising events

    $298,368

  • 1f · All other contributions, gifts and grants

    $632,941

  • 1g · Noncash contributions included above

    $58,903

  • 3 · Investment income

    total $134,479 · related or exempt $134,479

  • 7a · Gross sales of assets other than inventory

    securities $26,450

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

    securities $29,184

  • 7c · Gain or loss

    securities -$2,734

  • 7d · Net gain or loss

    total -$2,734 · related or exempt -$2,734

  • 8a · Fundraising events: gross income

    $125,055

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

    $298,368

  • 8b · Fundraising events: direct expenses

    $108,373

  • 8c · Net income from fundraising events

    total $16,682

  • 11a · Other revenue: OTHER REVENUE

    total $237 · related or exempt $237

  • 11e · Other revenue, total

    $237

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $450,116 · program services $450,116

  • 2 · Grants to domestic individuals

    total $371,963 · program services $371,963

  • 7 · Other salaries and wages

    total $61,902 · program services $34,046 · management and general $21,666 · fundraising $6,190

  • 10 · Payroll taxes

    total $5,126 · program services $2,819 · management and general $1,794 · fundraising $513

  • 11c · Fees: accounting

    total $6,412 · program services $4,085 · management and general $1,686 · fundraising $641

  • 11f · Fees: investment management

    total $20,361 · program services $20,361

  • 13 · Office expenses

    total $10,784 · program services $7,225 · management and general $2,660 · fundraising $899

  • 14 · Information technology

    total $4,461 · program services $3,568 · fundraising $893

  • 17 · Travel

    total $276 · program services $276

  • 23 · Insurance

    total $631 · program services $473 · management and general $158

  • 24a · Other expenses: READY TO LEARN

    total $11,274 · program services $11,274

  • 24b · Other expenses: GENERAL FUNDRAISING EXP

    total $2,480 · fundraising $2,480

  • 24c · Other expenses: FOREIGN TAX PAID ON INV

    total $859 · program services $859

  • 24d · Other expenses: SCHOLARSHIP EXPENSE

    total $539 · program services $539

  • 24e · All other expenses

    total $360 · program services $146 · fundraising $214

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,737 · end of year $98,648

  • 2 · Savings and temporary cash investments

    beginning of year $762,459 · end of year $616,465

  • 11 · Investments: publicly traded securities

    beginning of year $3,891,662 · end of year $4,537,355

  • 27 · Net assets without donor restrictions

    beginning of year $1,101,344 · end of year $1,224,559

  • 28 · Net assets with donor restrictions

    beginning of year $3,594,514 · end of year $4,027,909

Mission and programs · 2023

Mission

EMPOWER AND INSPIRE ALL ANACORTES STUDENTS THROUGH SCHOLARSHIPS AND ENRICHED LEARNING OPPPORTUNITIES.

  • MERIT SCHOLARSHIPS GRANTED TO ANACORTES STUDENTS IN PURSUIT OF POST HIGH SCHOOL EDUCATION. PRESCHOOL SCHOLARSHIPS GRANTED TO ANACORTES PRESCHOOLERS IN PURSUIT OF A CHILD'S OWN NATURAL DESIRE TO LEARN.

    Expenses $457,634 · Grants $371,963

  • FINANCIAL SUPPORT GIVEN TO THE ANACORTES SCHOOL DISTRICT ENRICHED LEARNING OPPORTUNITIES. CURRENT PROGRAMS INCLUDE EARLY LEARNING, DISTRICT-WIDE STEM ENRICHMENT, SOCIAL EMOTIONAL AND MENTAL HEALTH, SUMMER LEARNING, TEACHER GRANTS,THE VISUAL AND PERFORMING ARTS AS WELL AS SCHOOL SUPPLIES AND BACKPACKS FOR NEEDY FAMILIES.

    Expenses $450,116 · Grants $450,116

As filed on the 2023 return.

Listed in Part VII

  • Treva King

    PRESIDENT

    Total calculated
    $0
    Hours/week
    12

  • Brian Adams

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Kim Davis

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Rene Vance

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Paula Brar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Bright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rachel Esposito

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Tom Kuhn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Leander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meg Mourning

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Nichols

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Post

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Art Shotwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carrie Worra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • Justin Irish

    EX-OFFICIO

    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.0
Source object
202423199349311182

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