Skagit Valley College Foundation C-12 Campus Center Building
- Assets
- $21.5m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Vernon, WA
- Founding
- 03/1978
- Data as of
- 06/2022
- EIN
- 91-1012915
Organization Overview
Skagit Valley College Foundation C-12 Campus Center Building is located in Mount Vernon, WA. The organization was established in 1978. 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. Skagit Valley College Foundation C-12 Campus Center Building 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, Skagit Valley College Foundation C-12 Campus Center Building generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 3.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SECURE DONATIONS TO ENHANCE EDUCATION AT SKAGIT VALLEY COLLEGE THROUGH SCHOLARSHIPS, GRANTS, AND INSTITUTIONAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
$648,604 IN ACADEMIC SCHOLARSHIPS WERE AWARDED TO SKAGIT VALLEY COLLEGE STUDENTS FOR THE 2021/2022 SCHOOL YEAR. $533,494 IN PROGRAM ASSISTANCE GRANTS WERE AWARDED TO SKAGIT VALLEY COLLEGE PROGRAMS FOR THE 2021/2022 SCHOOL YEAR. SKAGIT VALLEY COLLEGE PROVIDES ACADEMIC TRANSFER AND PROFESSIONAL TECHNICAL 2-YEAR DEGREES AND CERTIFICATES IN OVER 25 FIELDS OF STUDY; MANY OF THESE DEGREES TRANSFER TO MOST WASHINGTON STATE 4-YEAR COLLEGES AND UNIVERSITIES. ADDITIONALLY, SKAGIT VALLEY COLLEGE PROVIDES 4-YEAR BACHELOR'S DEGREES IN ENVIRONMENTAL CONSERVATION AND APPLIED MANAGEMENT. FOR STUDENTS LOOKING TO BECOME COLLEGE-READY, SVC OFFERS ADULT BASIC EDUCATION COURSES AND PREP CLASSES IN MATH, ENGLISH, ENGLISH LANGUAGE ACQUISITION, GED AND MORE.
SKAGIT VALLEY COLLEGE FOUNDATION OPERATES CAMPUS VIEW VILLAGE, A SAFE AND INCLUSIVE STUDENT HOUSING PROGRAM ON THE NORTH-END OF THE SKAGIT VALLEY COLLEGE CAMPUS. CAMPUS VIEW VILLAGE SERVES UP TO 140 STUDENTS YEAR-ROUND TAKING COURSES AT SKAGIT VALLEY COLLEGE. THIS POPULAR PROGRAM HOUSES A LARGE NUMBER OF INTERNATIONAL STUDENTS, STUDENT ATHLETES, AND OTHERS, MAKING CAMPUS VIEW VILLAGE A DYNAMIC AND ENGAGING ADDITION TO THE SKAGIT VALLEY COLLEGE CULTURE. FOR MORE INFORMATION, VISIT WWW.SKAGIT.EDU/CVV.
SVC'S EARLY LEARNING & CHILDCARE CENTER WILL SUPPORT CHILDREN, FAMILIES, SVC STUDENTS AND OUR COMMUNITY IN THREE WAYS: 1.) PROVIDE HIGH QUALITY EARLY LEARNING AND CHILDCARE CLASSROOMS FOR INFANTS, TODDLERS AND PRESCHOOLERS FOR CHILDREN OF SVC STUDENTS AND OUR COMMUNITY; 2) SERVE AS A LEARNING LAB AND TRAINING CENTER FOR SVC EARLY CHILDHOOD EDUCATION STUDENTS; AND 3) SERVE AS A HUB FOR ORGANIZATIONS ACROSS OUR COUNTY TO COLLABORATE AND SHARE RESOURCES.
DURING THE FISCAL YEAR, THE FOUNDATION CONSTRUCTED A PICKLEBALL PAVILION ON COLLEGE GROUNDS, HOLDING ITS GRAND OPENING ON JUNE 30, 2022. THE PICKLEBALL PAVILION, CONSTRUCTED DURING FISCAL YEAR 2022 BY THE FOUNDATION, IS CURRENTLY BEING HELD FOR THE BENEFIT OF THE COLLEGE AND IS SET TO TRANSFER OWNERSHIP TO THE COLLEGE AT THE END OF THE GROUND LEASE TERM. THE PICKLEBALL PAVILION IS FREE, OPEN TO THE PUBLIC AND IS THE FIRST PICKLEBALL COURT TO OPEN AT A WASHINGTON STATE COMMUNITY COLLEGE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vhari Rust-Clark Vice-President | OfficerTrustee | 2 | $0 |
Pam Allen President | OfficerTrustee | 2 | $0 |
Isaac Williams Secretary | OfficerTrustee | 1 | $0 |
Brian Gentry Treasurer | OfficerTrustee | 1 | $0 |
Brad Tuininga Executive Director | Officer | 40 | $0 |
Janie Beasley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,794 |
| Related organizations | $49,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,858,017 |
| Noncash contributions included in lines 1a–1f | $92,417 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,918,811 |
| Total Program Service Revenue | $660,324 |
| Investment income | $900,099 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $325,336 |
| Net Income from Fundraising Events | $64,725 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,966,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $533,494 |
| Grants and other assistance to domestic individuals. | $648,604 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,631 |
| Compensation of current officers, directors, key employees. | $31,877 |
| 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 | $21,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $83,039 |
| Fees for services: Other | $327,826 |
| Advertising and promotion | $0 |
| Office expenses | $19,717 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $158,604 |
| Travel | $1,213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,295 |
| Interest | $16,605 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,421 |
| Insurance | $35,175 |
| All other expenses | $38,478 |
| Total functional expenses | $2,304,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,701,998 |
| Savings and temporary cash investments | $740,234 |
| Pledges and grants receivable | $4,343 |
| Accounts receivable, net | $25,369 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $429,252 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,029,098 |
| Investments—publicly traded securities | $15,571,568 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,319 |
| Total assets | $21,510,181 |
| Accounts payable and accrued expenses | $362,050 |
| Grants payable | $26,992 |
| Deferred revenue | $17,750 |
| Tax-exempt bond liabilities | $345,697 |
| 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 | $135,270 |
| Total liabilities | $887,759 |
| Net assets without donor restrictions | $5,852,980 |
| Net assets with donor restrictions | $14,769,442 |
| 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 | $21,510,181 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Skagit Valley College Foundation C-12 Campus Center Building has recieved totaling $1,200.
| Awarding Organization | Amount |
|---|---|
Usta-Pacific Northwest Section Beaverton, OR PURPOSE: PROVIDER GRANT - NATIONAL TENNIS MONTH | $1,200 |
Endowment Analysis
| Beg. Balance | $19,089,237 |
| Earnings | -$2,814,053 |
| Admin Expense | $285,171 |
| Net Contributions | $495,793 |
| Grants | $589,629 |
| Ending Balance | $15,896,177 |
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 |