South Puget Sound Community College Foundation

Organization Overview

South Puget Sound Community College Foundation is located in Olympia, WA. The organization was established in 1983. 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. South Puget Sound Community 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 12/2021, South Puget Sound Community College Foundation generated $11.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.8% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 12.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE FOUNDATION IS TO ENGAGE COMMUNITY AND BUILD RESOURCES TO SUPPORT SUCCESS FOR ALL STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

YEAR-ROUND SCHOLARSHIP AND GRANT AWARDS. FUNDS RAISED FROM PRIVATE DONORS AWARDED TO STUDENTS TO HELP WITH TUITION AND OTHER SUPPORT, AND FOR STAFF AND FACULTY PROFESSIONAL DEVELOPMENT.


ALL - WA ACADEMIC TEAM EVENT - FUNDS FROM SPONSORS GIVEN AS SCHOLARSHIPS TO STATE-WIDE COMMUNITY COLLEGE STUDENTS.


OTHER PROGRAM EXPENSES.


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Board, Officers & Key Employees

Name (title)Compensation
Annie Iriye
Vice President
$0
Ben Shah
President
$0
Tanya Mote
Executive Director
$0
Timothy Stokes
Secretary/college Presiden
$0
Tom Henderson
Treasurer
$0
Amy Head
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$126,048
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,894,790
Noncash contributions included in lines 1a–1f $629,528
Total Revenue from Contributions, Gifts, Grants & Similar$3,020,838
Total Program Service Revenue$54,820
Investment income $7,358,546
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,126,382
Net Income from Fundraising Events $2,414
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,563,000

Grants Recieved

Over the last fiscal year, we have identified 9 grants that South Puget Sound Community College Foundation has recieved totaling $741,779.

Awarding OrganizationAmount
Bruno And Evelyne Betti Foundation

Billings, MT

PURPOSE: CREATE AN ENDOWED FUND TO SUPPORT NURSING SCHOLARSHIPS

$605,000
Providence St Peter Foundation

Olympia, WA

PURPOSE: OPERATIONAL SUPPORT

$44,000
Credit Unions In The State Of Washington

Olympia, WA

PURPOSE: FOOD PANTRY, ART GALLERY GENERAL FUND, EVENT SPONSORSHIPS, SCHOLARSHIPS

$38,500
Building Changes

Seattle, WA

PURPOSE: YYA COVID

$20,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$15,050
Skookum Educational Programs

Bremerton, WA

PURPOSE: GENERAL OPERATING SUPPORT

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$10,204,160
Earnings$880,070
Admin Expense$38,145
Net Contributions$1,949,780
Grants$747,644
Ending Balance$12,248,221

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