Northwest College Foundation
- Assets
- $59.8m
- Revenue
- $7.2m
- Investments
- $55.8m
- Employees
- 0
- Location
- Powell, WY
- Founding
- 11/1973
- Data as of
- 12/2021
- EIN
- 83-0211067
Organization Overview
Northwest College Foundation is located in Powell, WY. The organization was established in 1973. 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. Northwest 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 12/2021, Northwest College Foundation generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 7.4% 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.
Since 2014, Northwest College Foundation has awarded 16 individual grants totaling $13,025,484. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NORTHWEST COLLEGE FOUNDATION WILL CONDUCT FUND-RAISING ACTIVITIES AND MANAGEMENT OF FUNDS TO SUPPORT NORTHWEST COLLEGE AND ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RECEIVES GIFTS OF CASH AND NONCASH ITEMS WITH DESIGNATED PURPOSES. THE ITEMS ARE THEN PASSED ON TO THE COLLEGE AS IT MEETS THE DESINATED PURPOSE.
INCOME FROM ENDOWED FUNDS IS GIVEN TO NORTHWEST COLLEGE TO PAY SCHOLARSHIPS AND WORK STUDY TO INDIVIDUALS SELECTED BY THE COLLEGE THAT MEET DONOR SPECIFICATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelby Wetzel Executive Director | Officer | 40 | $131,032 |
Shawn Warner President | OfficerTrustee | 0.3 | $0 |
Steve Rockhold Vice President | OfficerTrustee | 0.3 | $0 |
Shirley Stephens Secretary | OfficerTrustee | 0.3 | $0 |
Tim Hopkins 2nd Vice President | OfficerTrustee | 0.3 | $0 |
William Hayes Asst. Secretary | OfficerTrustee | 0.3 | $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 | $4,275,662 |
| Noncash contributions included in lines 1a–1f | $54,063 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,275,662 |
| Total Program Service Revenue | $0 |
| Investment income | $1,229,761 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,826 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,082,327 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,208,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,922,833 |
| 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. | $131,032 |
| Compensation of current officers, directors, key employees. | $39,310 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,950 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,016 |
| Payroll taxes | $0 |
| Fees for services: Management | $493,963 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,078 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $438,216 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $66,640 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,000 |
| 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 | $0 |
| All other expenses | $500 |
| Total functional expenses | $3,342,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $589,287 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $419,545 |
| Accounts receivable, net | $57,502 |
| 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 | $300,619 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $55,840,750 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,636,899 |
| Total assets | $59,844,602 |
| Accounts payable and accrued expenses | $9,320 |
| 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 | $20,131,732 |
| Total liabilities | $20,141,052 |
| Net assets without donor restrictions | $3,082,035 |
| Net assets with donor restrictions | $36,621,515 |
| 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 | $59,844,602 |
Grants Awarded
Over the last fiscal year, Northwest College Foundation has awarded $1,922,833 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWEST COLLEGE PURPOSE: SCHOLARSHIPS | $1,540,512 |
NORTHWEST COLLEGE PURPOSE: PROGRAM SUPPORT FOR COLLEGE | $382,321 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Northwest College Foundation has recieved totaling $17,843.
| Awarding Organization | Amount |
|---|---|
Elda Shoemaker Charitable Trust Powell, WY PURPOSE: GENERAL UNRESTRICTED CONTRIBUTION | $9,989 |
Larsen Charitable Tr Powell, WY PURPOSE: CHARITY | $7,854 |
Endowment Analysis
| Beg. Balance | $28,643,675 |
| Earnings | $5,599,575 |
| Net Contributions | $4,023,043 |
| Grants | $1,553,360 |
| Ending Balance | $36,712,933 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
University Of Northern Colorado Foundation Inc Greeley, CO | $134,921,327 | $19,470,249 |
Wgu Advancement Salt Lake City, UT | $262,529 | $10,776,481 |
University Of Utah Research Foundation Salt Lake City, UT | $360,749,047 | $26,132,674 |
Idaho State University Foundation Inc Pocatello, ID | $103,380,553 | $14,176,900 |
Colorado Mesa University Foundation Grand Junciton, CO | $51,533,089 | $12,141,497 |
Dsst Public Schools Foundation Denver, CO | $32,542,761 | $13,664,687 |
Casper College Foundation Casper, WY | $118,882,238 | $11,522,950 |
Colorado State University-Pueblo Foundation Pueblo, CO | $68,008,177 | $8,127,637 |
Foundation Of Montana State University-Billings Billings, MT | $43,347,395 | $13,750,019 |
Nebraska Defense Research Corporation Lincoln, NE | $12,097,402 | $14,649,208 |
Denver Public Library Friends Foundation Denver, CO | $13,953,540 | $6,255,598 |