Community Colleges Of Spokane Foundation
- Assets
- $36.4m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 05/1973
- Data as of
- 06/2023
- EIN
- 91-0886962
Organization Overview
Community Colleges Of Spokane Foundation is located in Spokane, WA. The organization was established in 1973. According to its NTEE Classification (B41) the organization is classified as: Two-Year 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. Community Colleges Of Spokane 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 06/2023, Community Colleges Of Spokane Foundation generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $1.8m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY COLLEGES OF SPOKANE FOUNDATION RAISES SUPPORT FOR CCS STUDENTS AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND ALLOCATIONS TO VARIOUS DEPARTMENTS AND ACTIVITIES OF DISTRICT 17 COMMUNITY COLLEGES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Keller Director | Trustee | 1 | $0 |
Betsy Lawrence Director | Trustee | 1 | $0 |
Leslie Jaye Hopkins Director | Trustee | 1 | $0 |
Heather Beebe-Stevens Executive Director | Officer | 40 | $0 |
Kathy George Director (through June 2022) | Trustee | 1 | $0 |
Yasuka Huff Director (through June 2022) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,455 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $845,149 |
| Noncash contributions included in lines 1a–1f | $40,069 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $856,604 |
| Total Program Service Revenue | $142,012 |
| Investment income | $821,411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $713,838 |
| Net Gain/Loss on Asset Sales | $554,366 |
| Net Income from Fundraising Events | -$25,105 |
| Net Income from Gaming Activities | $310 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,124,227 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $898,058 |
| 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. | $112,166 |
| Compensation of current officers, directors, key employees. | $112,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $407,516 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $129,149 |
| Fees for services: Legal | $5,708 |
| Fees for services: Accounting | $15,658 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,486 |
| Fees for services: Other | $45,521 |
| Advertising and promotion | $18,430 |
| Office expenses | $58,941 |
| Information technology | $37,946 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,797 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,837 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,718 |
| All other expenses | $0 |
| Total functional expenses | $1,822,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,068,358 |
| Savings and temporary cash investments | $47,179 |
| Pledges and grants receivable | $220,150 |
| 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 | $45,318 |
| Net Land, buildings, and equipment | $7,566,284 |
| Investments—publicly traded securities | $27,159,510 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $341,384 |
| Total assets | $36,448,183 |
| Accounts payable and accrued expenses | $455,174 |
| Grants payable | $0 |
| Deferred revenue | $148,196 |
| 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 | $3,969,839 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,242,841 |
| Total liabilities | $6,816,050 |
| Net assets without donor restrictions | $9,124,435 |
| Net assets with donor restrictions | $20,507,698 |
| 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 | $36,448,183 |