Seattle Central College Foundation
- Assets
- $0.0
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- Data as of
- 01/2019
- EIN
- 91-1037870
Organization Overview
Seattle Central College Foundation is located in Seattle, WA. Seattle Central 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 01/2019, Seattle Central College Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $520.3k during the year ending 01/2019. As we would expect to see with falling revenues, expenses have declined by (38.4%) per year over the past 3 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT SEATTLE CENTRAL STUDENTS, FACULTY AND PROGRAMS BY RAISING FINANCIAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE PROGRAM FUNDING AND FACULTY GRANTS:PROGRAM FUNDING AND FACULTY GRANTS ENSURE THAT EACH ACADEMIC DEPARTMENT HAS THE FUNDS NECESSARY TO PROVIDE EXTRAORDINARY OPPORTUNITIES TO THEIR STUDENTS AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR FACULTY. FUNDING PROVIDED TO SPECIFIC PROGRAMS ALLOWS FOR INNOVATIVE AND RESPONSIVE PROGRAMMING AND EQUIPMENT TO SUPPORT STUDENT LEARNING.
STUDENT SCHOLARSHIPS: TUITION SCHOLARSHIPS TO ATTEND SEATTLE CENTRAL ENABLING OUR STUDENTS TO PURSUE THEIR EDUCATIONAL GOALS. THIS INCLUDES COMMITMENT SCHOLARSHIPS FUNDS WHICH ARE DESIGNED TO ENSURE THAT TUITION AND FEES ARE COVERED IN FULL FOR LOW-INCOME STUDENTS WHO ATTEND FULL-TIME AND HAVE A 3.0 OR HIGHER GPA. FUNDS ARE ALSO GRANTED TO STUDENTS WITH ACUTE EMERGENCY FINANCIAL NEEDS, ALLOWING THEM TO STAY ENROLLED AND ON TRACK TOWARDS GRADUATION AND TO STUDENTS WHO ARE ONE TO TWO QUARTERS AWAY FROM GRADUATION, ALLOWING THEM TO FINISH THEIR DEGREES.
COLLEGE-WIDE TUTORING PROGRAM: FUNDS ARE PROVIDED TO ENSURE THAT FREE TUTORING IS AVAILABLE FOR ALL STUDENTS AT SEATTLE CENTRAL. THE FOUNDATION'S GOAL TO ELIMINATE FINANCIAL NEED AS A BARRIER TO PAYING TUITION PROVIDES ACCESS FOR STUDENTS WHO WOULD OTHERWISE BE UNABLE TO ATTEND COLLEGE. ADDITIONAL STUDENT SERVICES, LIKE TUTORING, ENSURE THAT STUDENTS HAVE THE TOOLS TO SUCCEED ONCE THEY ENROLL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Cheung VP Finance | OfficerTrustee | 4 | $0 |
Laurie Warshal Cohen Board Member | Trustee | 1 | $0 |
Rick Davis Board Member | Trustee | 2 | $0 |
Jan Dyer Com Relations | OfficerTrustee | 2 | $0 |
Ron Jenkins Board Member | Trustee | 1 | $0 |
Lu Jiang 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 | $1,095,882 |
| Noncash contributions included in lines 1a–1f | $581,486 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,095,882 |
| Total Program Service Revenue | $0 |
| Investment income | $175,937 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $148,838 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,420,657 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $351,840 |
| Grants and other assistance to domestic individuals. | $70,404 |
| 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 | $9,180 |
| Fees for services: Accounting | $20,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,040 |
| Fees for services: Other | $5,080 |
| Advertising and promotion | $0 |
| Office expenses | $610 |
| Information technology | $440 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $90 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,195 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,539 |
| All other expenses | $0 |
| Total functional expenses | $520,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Seattle Central College Foundation has awarded $351,840 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEATTLE CENTRAL COLLEGE PURPOSE: SUPPORT COLLEGE PROGRAMS | $351,686 |
ON BEHALF OF SEATTLE CENTRAL COLLEGE PURPOSE: INDIRECT GRANTS TO VARIOUS ORGANIZATIONS ON BEHALF OF SEATTLE CENTRAL COMMUNITY COLLEGE. | $154 |