Bremerton Schools And Alumni Foundation
- Assets
- $788.9k
- Revenue
- $130.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Bremerton, WA
- Founding
- 05/2004
- Data as of
- 12/2021
- EIN
- 68-0560974
Organization Overview
Bremerton Schools And Alumni Foundation, operating under the name Bremerton School & Alumni Foundation, is located in Bremerton, WA. The organization was established in 2004. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Bremerton School & Alumni 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 12/2021, Bremerton School & Alumni Foundation generated $130.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $41.5k during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
SUPPORT EDUCATION EXCELLENCE AND OPPORTUNITIES FOR THE STUDENTS AND EDUCATORS OF BREMERTON SCHOOL DISTRICT. GOALS INCLUDE AWARDING SCHOLARSHIPS TO STUDENTS FOR CONTINUING EDUCATION AND PROVIDING GRANTS TO TEACHERS TO SUPPLEMENT THEIR PROGRAMS AND MATERIALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDING SCHOLARSHIPS TO 22 STUDENTS FOR CONTINUING EDUCATION AND PROVIDING GRANTS TO TEACHERS TO SUPPLEMENT THEIR PROGRAMS AND MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Art Lovestedt Secretary | OfficerTrustee | 2 | $0 |
Jonee Dubos Treasurer | OfficerTrustee | 2 | $0 |
Melissa Anderson Vice President | OfficerTrustee | 2 | $0 |
Russell Hartman President | OfficerTrustee | 2 | $0 |
Jane Baker Trustee | Trustee | 1 | $0 |
Sandy Trudel Trustee | 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 | $90,951 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,951 |
| Total Program Service Revenue | $0 |
| Investment income | $14,120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,501 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $29,762 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,413 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $274 |
| 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 | $2,081 |
| All other expenses | $0 |
| Total functional expenses | $41,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,811 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $687,115 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $788,926 |
| Accounts payable and accrued expenses | $0 |
| 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 | $6,235 |
| Total liabilities | $6,235 |
| Net assets without donor restrictions | $65,600 |
| Net assets with donor restrictions | $717,091 |
| 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 | $788,926 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bremerton Schools And Alumni Foundation has recieved totaling $70.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $70 |
Endowment Analysis
| Beg. Balance | $631,875 |
| Earnings | $73,490 |
| Net Contributions | $6,750 |
| Grants | $25,000 |
| Ending Balance | $687,115 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance For Education Seattle, WA | $18,412,801 | $8,384,152 |
Schoolhouse Supplies Inc Portland, OR | $1,818,173 | $3,583,188 |
Foundation For Tacoma Students Tacoma, WA | $3,475,616 | $3,006,188 |
Big Bend Community College Foundation Moses Lake, WA | $9,131,826 | $1,251,204 |
All Hands Raised Portland, OR | $1,676,477 | $1,276,828 |
Lower Columbia College Foundation Longview, WA | $24,789,266 | $2,493,383 |
Janice Seagraves Family Foundation Inc Twin Falls, ID | $21,049,001 | $1,556,609 |
Bangladesh Christian School Sponsorship Of America Bcss Of Kennewick, WA | $784,121 | $1,020,612 |
Valley School Of Southern Oregon Medford, OR | $1,302,948 | $1,010,220 |
Friends Of Woodstock School Inc Freeland, WA | $6,921,736 | $485,909 |
Lake Oswego School Dist Foundation Inc Lake Oswego, OR | $2,102,151 | $1,177,360 |
North Thurston Education Foundation Lacey, WA | $2,688,716 | $475,845 |