Bellevue College Foundation
- Assets
- $20.8m
- Revenue
- $3.7m
- Investments
- $2.4m
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 02/1979
- Data as of
- 06/2021
- EIN
- 91-1051671
Organization Overview
Bellevue College Foundation is located in Bellevue, WA. The organization was established in 1979. 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. Bellevue 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 06/2021, Bellevue College Foundation generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $1.8m during the year ending 06/2021. While expenses have increased by 3.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS BELLEVUE COLLEGE, ITS FACULTY AND ITS STUDENTS.(SEE FULL DESCRIPTION IN SCHEDULE O.) BELLEVUE COLLEGE FOUNDATION WORKS IN TANDEM WITH BELLEVUE COLLEGE TO GENERATE FUNDS FOR THE SCHOOL, SHARING STAFF AND FACILITIES WITH THE COLLEGE.THE FOUNDATION ADMINISTERS DONOR RESTRICTED FUNDS FOR THE BENEFIT OF VARIOUS DEPARTMENTS AND PROGRAMS OF BELLEVUE COLLEGE, FOR STUDENT SCHOLARSHIPS AND FOR FACULTY EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BELLEVUE COLLEGE FOUNDATION PROVIDED GRANTS TO BELLEVUE COLLEGE AND A WIDE RANGE OF ITS PROGRAMS, ACTIVITIES AND DEPARTMENTS TO ENABLE INNOVATIONS, ENHANCEMENTS AND EXCELLENCE, NOT POSSIBLE ON TUITION AND STATE SUPPORT. AMONG THESE GRANTS WERE 14 COMPETITIVE AWARDS OFFERED BY THE FOUNDATION TO FACULTY WHO DEVELOPED PROPOSALS FOR SPECIFIC NEW PROGRAMS, FOR CURRICULUM ENHANCEMENTS AND FOR NEW OR ENHANCED INSTRUCTIONAL RESOURCES. 4,094 MEMBERS AND UNDERWRITERS HELP KEEP REGIONAL PUBLIC RADIO STATION KBCS 91.3 ON THE AIR. APPROXIMATELY 1,100 INTERNATIONAL STUDENTS WERE ABLE TO ENROLL AT BELLEVUE COLLEGE UNDER A SHARED FUNDING AGREEMENT BETWEEN THE FOUNDATION AND THE COLLEGE.
THE BELLEVUE COLLEGE FOUNDATION AWARDED SCHOLARSHIPS TO NEEDY, DESERVING AND CAPABLE STUDENTS TO ENABLE THEM TO ATTEND BELLEVUE COLLEGE, TO EXCEL IN THEIR STUDIES OR TO CONTINUE THEIR STUDIES WHEN FACED WITH UNEXPECTED FINANCIAL CRISES. TUITION, FEES AND/OR BOOK EXPENSE SCHOLARSHIPS WERE AWARDED TO 393 INDIVIDUAL STUDENTS MAKING IT POSSIBLE FOR THEM TO PURSUE DEGREES. ADDITIONALLY, 34 YOUNG FAMILIES OR SINGLE-PARENT BELLEVUE COLLEGE STUDENTS WERE AWARDED CHILDCARE SCHOLARSHIPS PROVIDING CARE FOR YOUNG CHILDREN TO ENABLE THE PARENTS TO ATTEND CLASSES. EMERGENCY AID WAS EXTENDED TO 15 STUDENTS TO MAKE IT POSSIBLE FOR THEM TO CONTINUE THEIR STUDIES WHEN FACED WITH SUDDEN, UNEXPECTED CIRCUMSTANCES THAT WOULD OTHERWISE LIKELY HAVE CAUSED THEM TO ABANDON THEIR EDUCATIONS.
BELLEVUE COLLEGE FOUNDATION ENCOURAGES, RECOGNIZES AND REWARDS THE CREATIVE LEADERSHIP, CARE FOR STUDENTS, AND DRIVE FOR EXCEPTIONAL ACCOMPLISHMENTS EMBODIED IN THE FULL-TIME AND PART-TIME FACULTY, THE STAFF AND THE ADMINISTRATORS OF BELLEVUE COLLEGE. DURING THIS YEAR 15 INDIVIDUALS, NOMINATED BY THEIR PEERS AND THEIR STUDENTS, WERE RECOGNIZED WITH THE FOUNDATION'S "EXCELLENCE AWARDS OR OTHER AWARDS FOR THEIR EXCEPTIONAL AND INSPIRATIONAL DEDICATION AND SERVICE TO STUDENTS, TO STUDENT SUCCESS AND TO BELLEVUE COLLEGE. ADDITIONALLY, EMERGENCY AID WAS AWARDED TO 1 COLLEGE FACULTY AND/OR STAFF MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad R Kincaid Treasurer | OfficerTrustee | 4 | $0 |
Justin P Hendrickson Secretary | OfficerTrustee | 2 | $0 |
Paul Feavel Director Of Foundation Finance | Officer | 30 | $0 |
Rebecca Chawgo Executive Director | Officer | 30 | $0 |
Schwind Orr Board Member | Trustee | 2 | $0 |
Carol M Taylor Board Member | Trustee | 2 | $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 | $2,309,146 |
| Noncash contributions included in lines 1a–1f | $357,477 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,309,146 |
| Total Program Service Revenue | $67,078 |
| Investment income | $289,605 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $282,338 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,738,289 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $574,957 |
| Grants and other assistance to domestic individuals. | $426,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $179,169 |
| Compensation of current officers, directors, key employees. | $123,627 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $368,267 |
| Pension plan accruals and contributions | $2,092 |
| Other employee benefits | $6,291 |
| Payroll taxes | $1,807 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225 |
| Fees for services: Accounting | $51,696 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,946 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,319 |
| Office expenses | $49,343 |
| Information technology | $40,166 |
| Royalties | $0 |
| Occupancy | $8,928 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,065 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,896 |
| All other expenses | $0 |
| Total functional expenses | $1,808,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,270 |
| Savings and temporary cash investments | $166,015 |
| Pledges and grants receivable | $71,926 |
| Accounts receivable, net | $6,392 |
| 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 | $18,630 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,479,298 |
| Investments—other securities | $2,423,972 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,394,466 |
| Total assets | $20,830,969 |
| Accounts payable and accrued expenses | $3,557 |
| Grants payable | $130,409 |
| 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 | $133,966 |
| Net assets without donor restrictions | $3,060,629 |
| Net assets with donor restrictions | $17,636,374 |
| 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 | $20,830,969 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Bellevue College Foundation has recieved totaling $386,841.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: TO SUPPORT KBCS; TO PROVIDE GENERAL SUPPORT; KCBS RADIO; BAZ SCHOLARSHIPS | $106,534 |
Robert And Jean Reid Family Foundation Chicago, IL PURPOSE: PROGRAM SUPPORT | $80,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $59,866 |
Kaphan Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $56,621 |
Andrew And Rachel Skeen Foundation Bellevue, WA PURPOSE: OPERATING GRANT | $30,000 |
David And Cathy Habib Foundation Seattle, WA PURPOSE: SCHOLARSHIPS AND UNRESTRICTED | $15,000 |
Endowment Analysis
| Beg. Balance | $11,608,886 |
| Earnings | $3,368,682 |
| Admin Expense | $24,520 |
| Net Contributions | $359,890 |
| Grants | $274,286 |
| Ending Balance | $15,038,652 |
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 |