Foundation Of Yakima Valley Community College
- Assets
- $12.0m
- Revenue
- $731.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Yakima, WA
- Founding
- 06/1978
- Data as of
- 06/2022
- EIN
- 91-1028928
Organization Overview
Foundation Of Yakima Valley Community College is located in Yakima, WA. The organization was established in 1978. 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. Foundation Of Yakima Valley Community College 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, Foundation Of Yakima Valley Community College generated $731.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $472.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. 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
THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES. OUR MAIN FOCUS IS AWARDING SCHOLARSHIPS TO STUDENTS, YEARLY AWARDS FOR FACULTY/STAFF AND ASSISTING IN THE PROMOTION AND SUPPORT OF YAKIMA VALLEY COLLEGE EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDING SCHOLARSHIPS TO STUDENTS IS OUR MAIN FOCUS AND OUR LARGEST EXPENDITURE. WE HAVE AWARDED OVER $5.8 MILLION IN SCHOLARSHIPS TO APPROXIMATELY 5,600 STUDENTS IN THE 45 YEARS WE HAVE BEEN IN EXISTENCE. THE FOUNDATION ALSO RAISED MATCHING FUNDS FOR THE SBCTC EXCEPTIONAL FACULTY PROGRAM IN 1998. $350,000 WAS MATCHED BY THE STATE OF WA TO MAKE AWARDS AVAILABLE YEARLY TO FACULTY WORKING AT YAKIMA VALLEY COLLEGE (YVC). 96% OF THE TOTAL EXPENSES WERE SPENT ON SCHOLARSHIPS AND AWARDS. THE REVENUE WE GENERATE YEARLY COMES FROM DONORS WHO WANT TO ESTABLISH SCHOLARSHIPS WITH US AND THE INVESTMENT INCOME GENERATED BY THOSE DONATIONS. WE REQUIRE A $5,000 DONATION TO SET UP A PERPETUAL SCHOLARSHIP WHEREBY WE ONLY AWARD THE INCOME FROM THE PRIOR YEAR AND KEEP INITIAL DONATION INTACT. WE CHARGE A 0.5%-1.5% ADMINISTRATIVE FEE YEARLY TO PAY FOR ADMINISTRATIVE COSTS IN OUR OFFICE. THE FEES CHARGED ARE BASED ON PRIOR YEAR'S PERFORMANCE AND INCOME GENERATED. WE ALSO ACCEPT DONATIONS WHERE THE DONOR WANTS THE WHOLE DONATION TO BE AWARDED AND NO INVESTMENT INCOME IS GENERATED AND WE DO NOT CHARGE THESE FUNDS WITH THE ADMINISTRATIVE FEE. THE FOUNDATION TEAMED UP WITH THE COLLEGE AND CREATED AN EMERGENCY FUND FOR STUDENTSTHE STUDENT SUCCESS FUND. THE FUNDS COVER UNEXPECTED COSTS THAT COME UP THAT WOULD PREVENT A STUDENT FROM ATTENDING THEIR CLASSES SUCH AS RENT, UTILITIES, CAR REPAIRS, GROCERIES, ETC. OUR FOUNDATION HAS BEEN GIVEN MILLIONS OF DOLLARS BY INCREDIBLE PEOPLE WHO WANT TO FURTHER THE EDUCATIONS OF STUDENTS WHO WOULDN'T BE ABLE TO ATTEND COLLEGE IF NOT FOR THE SCHOLARSHIP. A LIST OF OUR SCHOLARSHIPS WITH THEIR CRITERIA IS AVAILABLE AT YVCC.EDU/SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Kautz Executive Dir. | Officer | 16 | $42,780 |
Paul Mcdonald Vice President | OfficerTrustee | 1 | $0 |
Leslie Eglin Secretary | OfficerTrustee | 1 | $0 |
Eric Rasmussen Treasurer | OfficerTrustee | 1 | $0 |
Mary Sundquist President | OfficerTrustee | 1 | $0 |
Glenn Rasmussen Board Member | 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 | $213,784 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,784 |
| Total Program Service Revenue | $0 |
| Investment income | $517,233 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $731,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $324,632 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $46,475 |
| Compensation of current officers, directors, key employees. | $4,648 |
| 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 | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $77,912 |
| Fees for services: Other | $0 |
| Advertising and promotion | $175 |
| Office expenses | $3,279 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $302 |
| 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 | $2,250 |
| All other expenses | $0 |
| Total functional expenses | $472,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,204,064 |
| Savings and temporary cash investments | $492,077 |
| 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 | $10,258,751 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,954,892 |
| 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 | $521,324 |
| Total liabilities | $521,324 |
| Net assets without donor restrictions | -$291,435 |
| Net assets with donor restrictions | $11,725,003 |
| 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 | $11,954,892 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Foundation Of Yakima Valley Community College has recieved totaling $47,266.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT | $40,000 |
Paul Lauzier Scholarship Foundation Ephrata, WA PURPOSE: TUITION SCHOLARSHIP - SANDRA MARTINEZ | $3,500 |
Paul Lauzier Scholarship Foundation Ephrata, WA PURPOSE: TUITION SCHOLARSHIP - JOSE OLIVEROS | $2,250 |
Walter E & Helen W Bruckert Scholarship Fund Milwaukee, WI PURPOSE: SCHOLARSHIPS | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Endowment Analysis
| Beg. Balance | $12,227,561 |
| Earnings | -$1,476,087 |
| Admin Expense | $154,753 |
| Net Contributions | $120,329 |
| Other Expense | $79,007 |
| Grants | $342,502 |
| Ending Balance | $10,295,541 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ilisagvik College Barrow, AK | $34,187,549 | $21,867,798 |
Highline College Foundation Des Moines, WA | $8,034,941 | $3,335,719 |
Mukogawa Fort Wright Institute Spokane, WA | $14,184,098 | $2,781,309 |
Lane Community College Foundation Eugene, OR | $21,564,945 | $4,092,678 |
South Puget Sound Community College Foundation Olympia, WA | $16,405,251 | $11,563,000 |
Clackamas Community College Foundation Oregon City, OR | $28,032,212 | $4,829,424 |
District 17 Community Colleges Foundation Spokane, WA | $33,198,124 | $3,322,447 |
Everett Community College Foundation Everett, WA | $7,096,357 | $1,978,153 |
Walla Walla Community College Foundation Walla Walla, WA | $26,263,368 | $2,469,058 |
Chemeketa Community College Foundation Salem, OR | $8,435,146 | $1,337,915 |
Tacoma Community College Foundation Tacoma, WA | $9,516,618 | $2,238,933 |
South Seattle Community College Foundation Seattle, WA | $25,867,934 | $1,580,679 |