Green River College Foundation
- Assets
- $37.0m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Auburn, WA
- Founding
- 11/1975
- Data as of
- 06/2021
- EIN
- 51-0168649
Organization Overview
Green River College Foundation is located in Auburn, WA. The organization was established in 1975. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Green River College Foundation 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 06/2021, Green River College Foundation generated $4.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $3.4m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GREEN RIVER COLLEGE FOUNDATION PROVIDES RESOURCES TO ASSIST GREEN RIVER COLLEGE IN ACHIEVING EDUCATIONAL EXCELLENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREEN RIVER STUDENT VILLAGE LLC PROVIDES HOUSING FOR GREEN RIVER COLLEGE STUDENTS. THERE ARE APPOXIMATELY 340 UNITS ON CAMPUS WITH FULL FACILITIES OPEN TO ALL MEMBERS OF GREEN RIVER COLLEGE. STUDENT HOUSING IS ADVERTISED THROUGH BROCHURES AND THE COLLEGE WEBSITE.
GIFTS TO GREEN RIVER COLLEGE INCLUDE STUDENT ASSISTANCE AND SCHOLARSHIPS WHICH WERE ADVERTISED THROUGHOUT THE CAMPUS AND COMMUNITY. IN ADDITION, THE FOUNDATION GIFTED FUNDS FOR PERSONAL ASSISTANCE AND EQUIPMENT TO THE COLLEGE.
GREEN RIVER COLLEGE CAMPUS PROGRAMS INCLUDE GATOR BOOSTER, KGRG RADIO STATIONS AM/FM, INTERNATIONAL PROGRAMS AND OTHERS THAT SUPPORT ATHLETIC PROGRAMS AND ACTIVITIES THROUGHOUT THE CAMPUS.
DONATIONS TO GREEN RIVER COLLEGE OF EQUIMENT, LIBRARY MATERIALS, CONTRIBUTIONS TO NATURAL RESOURCES AND FACULTY EXCELLENCE AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Rasmussen Secretary | OfficerTrustee | 1 | $0 |
Suzanne Johnson 2nd Vice President | OfficerTrustee | 1 | $0 |
Jim Berrios President | OfficerTrustee | 1 | $0 |
Shirley Bean Treasurer | OfficerTrustee | 1 | $0 |
Jim Tanasse 1st Vice President | OfficerTrustee | 1 | $0 |
George Frasier Executive Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $207,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $528,195 |
| Noncash contributions included in lines 1a–1f | $101,620 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $735,195 |
| Total Program Service Revenue | $1,837,509 |
| Investment income | $553,905 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,157,654 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,351,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $614,599 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $655,732 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60 |
| Fees for services: Accounting | $32,206 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $453 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,351 |
| Office expenses | $237,887 |
| Information technology | $72,835 |
| Royalties | $0 |
| Occupancy | $421,871 |
| Travel | $329 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $427,507 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $607,739 |
| Insurance | $102,731 |
| All other expenses | $0 |
| Total functional expenses | $3,364,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,112,853 |
| Pledges and grants receivable | $2,495 |
| Accounts receivable, net | $185,881 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $45,820 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,661 |
| Net Land, buildings, and equipment | $7,747,226 |
| Investments—publicly traded securities | $27,099,040 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $127,843 |
| Other assets | $634,467 |
| Total assets | $36,981,286 |
| Accounts payable and accrued expenses | $427,106 |
| Grants payable | $0 |
| Deferred revenue | $234,131 |
| 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 | $10,651,445 |
| Unsecured mortgages and notes payable | $133,143 |
| Other liabilities | $884,998 |
| Total liabilities | $12,330,823 |
| Net assets without donor restrictions | $8,567,316 |
| Net assets with donor restrictions | $16,083,147 |
| 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 | $36,981,286 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Green River College Foundation has recieved totaling $45,145.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT; TO PROVIDE SUPPORT FOR STUDENT SCHOLARSHIPS | $19,087 |
International Federation Of Professional & Technical Engineers Seattle, WA PURPOSE: SPEEA-ACE Scholarship Award | $10,000 |
Ellucian Foundation Reston, VA PURPOSE: PATH SCHOLARSHIP 2021 | $10,000 |
Victor Dipietro Family Foundation Trust Tukwila, WA PURPOSE: EDUCATION FOR VETERANS | $5,000 |
The Kiwanis Kactus Foundation Auburn, WA PURPOSE: SCHOLARSHIP | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $58 |
Endowment Analysis
| Beg. Balance | $19,058,381 |
| Earnings | $1,454,564 |
| Admin Expense | $38,838 |
| Net Contributions | $121,782 |
| Other Expense | $504,297 |
| Ending Balance | $20,091,592 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Alaska Foundation Anchorage, AK | $433,420,168 | $30,048,910 |
Idaho State University Foundation Inc Pocatello, ID | $103,380,553 | $14,176,900 |
Choice Regional Health Network Olympia, WA | $24,377,222 | $13,582,793 |
Housing Northwest Inc Portland, OR | $58,641,349 | $5,917,895 |
Seattle Public Library Foundation Seattle, WA | $96,431,810 | $10,213,683 |
Clark Community College District 14 Foundation Vancouver, WA | $121,917,031 | $11,491,033 |
Central Washington University Foundation Ellensburg, WA | $48,919,247 | $7,605,095 |
Green River College Foundation Auburn, WA | $36,981,286 | $4,351,003 |
College Of Southern Idaho Foundation Inc Twin Falls, ID | $47,429,745 | $8,059,079 |
Regent College Foundation Seattle, WA | $182,703 | $2,359,102 |
College Of Idaho 2nd Century Fund- Trust B A Charitable Education Tr Caldwell, ID | $12,230,873 | $1,074,973 |
Central Oregon Community College Foundation Bend, OR | $26,812,893 | $2,143,822 |