Wenatchee Valley College Foundation Inc
- Assets
- $11.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Wenatchee, WA
- Founding
- 01/1974
- Data as of
- 06/2022
- EIN
- 23-7319272
Organization Overview
Wenatchee Valley College Foundation Inc is located in Wenatchee, WA. The organization was established in 1974. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wenatchee Valley College Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Wenatchee Valley College Foundation Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WENATCHEE VALLEY COLLEGE FOUNDATION MISSION IS TO RAISE FINANCIAL SUPPORT FOR THE STUDENTS, PROGRAMS AND FACULTY/STAFF OF WENATCHEE VALLEY COLLEGE AND SHALL ASSIST THE COLLEGE IN ACHIEVING ITS GOALS THROUGH CULTIVATING FRIENDS AND GARNERING FINANCIAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMOUNTS PROVIDED TO THE WENATCHEE VALLEY COLLEGE TO HELP SUPPORT STUDENT AND FACULTY PROGRAMS, SPECIAL PROJECTS, AND OTHER ACTIVITIES OF THE COLLEGE.
SCHOLARSHIPS PROVIDED TO THE STUDENTS OF THE WENATCHEE VALLEY COLLEGE TO HELP OFFSET EDUCATION COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Gurnard President | Officer | 2 | $0 |
Joshua Wood Vice President | Officer | 2 | $0 |
Beverly Jagla Past President | Officer | 2 | $0 |
Rachel M Evey Executive Dir. | Officer | 45 | $0 |
Brenda Alcala Treasurer | Officer | 2 | $0 |
April Clayton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,387,448 |
| Noncash contributions included in lines 1a–1f | $475,077 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,387,448 |
| Total Program Service Revenue | $168,835 |
| Investment income | $342,569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,470 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,891,382 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,011,674 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,403 |
| Compensation of current officers, directors, key employees. | $23,481 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,976 |
| Pension plan accruals and contributions | $13,652 |
| Other employee benefits | $40,328 |
| Payroll taxes | $23,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,154 |
| Fees for services: Accounting | $20,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $289,017 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $24,602 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,800 |
| All other expenses | $4,897 |
| Total functional expenses | $1,769,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $818,945 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $251,735 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,922,641 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,000 |
| Total assets | $11,001,321 |
| Accounts payable and accrued expenses | $1,007,497 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,007,497 |
| Net assets without donor restrictions | $968,309 |
| Net assets with donor restrictions | $9,025,515 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,001,321 |
Grants Awarded
Over the last fiscal year, Wenatchee Valley College Foundation Inc has awarded $1,011,674 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WENATCHEE VALLEY COLLEGE PURPOSE: Scholarships | $644,141 |
WENATCHEE VALLEY COLLEGE PURPOSE: General operating support | $367,533 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Wenatchee Valley College Foundation Inc has recieved totaling $674,931.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of North Central Washington Wenatchee, WA PURPOSE: VARIOUS PURPOSES AS APPROVED BY CFNCW BOARD | $518,341 |
A Z Wells Foundation Wenatchee, WA PURPOSE: OPERATIONAL SUPPORT | $52,545 |
A Z Wells Foundation Wenatchee, WA PURPOSE: OPERATIONAL SUPPORT | $52,545 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $26,500 |
Names Family Foundation Fircrest, WA PURPOSE: WVC ATHLETICS SUPPORT | $20,000 |
Names Family Foundation Fircrest, WA PURPOSE: RLS PRODUCTIONS SCHOLARSHIP | $5,000 |
Endowment Analysis
| Beg. Balance | $11,136,081 |
| Earnings | -$1,943,470 |
| Net Contributions | $520,230 |
| Other Expense | $197,070 |
| Grants | $421,388 |
| Ending Balance | $9,094,383 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Saint Andrews College Inc Moscow, ID | $6,400,255 | $5,399,680 |
Boise Bible College Inc Boise, ID | $6,828,761 | $2,750,505 |
Southern Oregon University Foundation Ashland, OR | $42,053,103 | $5,034,083 |
Evergreen State College Foundation Olympia, WA | $29,119,022 | $6,581,377 |
New Hope Christian College Eugene, OR | $9,032,074 | $3,256,187 |
Lewis-Clark State College Foundation Inc Lewiston, ID | $16,070,808 | $3,059,553 |
Trinity Western University Foundation U S Lynden, WA | $3,554,587 | $1,967,501 |
Columbia Basin College Foundation Pasco, WA | $20,768,011 | $3,924,558 |
Edmonds Community College Foundation Lynnwood, WA | $9,828,987 | $1,595,064 |
Wenatchee Valley College Foundation Inc Wenatchee, WA | $11,001,321 | $1,891,382 |
Oregon Tech Foundation Inc Klamath Falls, OR | $39,593,421 | $3,262,888 |
Eastern Oregon University Foundation La Grande, OR | $21,866,815 | $1,951,992 |