Edmonds Community College Foundation

Organization Overview

Edmonds Community College Foundation is located in Lynnwood, WA. The organization was established in 1983. According to its NTEE Classification (B42) the organization is classified as: Undergraduate 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. Edmonds 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 06/2021, Edmonds Community College Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $2.0m during the year ending 06/2021. While expenses have increased by 18.9% 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

TO SUPPORT ACCESS, SUCCESS AND EXCELLENCE FOR STUDENTS, FACULTY AND STAFF AT EDMONDS COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS - SUPPORTED 160 UNDERSERVED AND DESERVING STUDENTS TO ENABLE THEM TO ACHIEVE THEIR EDUCATIONAL GOALS.


COLLEGE PROGRAM SUPPORT - SUPPORT OF VARIOUS INSTRUCTIONAL PROGRAMS AT EDMONDS COLLEGE FOR INSTRUCTION, SCHOLARSHIPS AND ACTIVITIES.DURING THE YEAR, THE FOUNDATION ALSO PROVIDED A GRANT OF $1,100,000 TO FUND THE COLLEGE'S NEW STEM BUILDING.


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Board, Officers & Key Employees

Name (title)Compensation
Bob Terwilliger
Vice Chair
$0
Maria Montalvo
Chair
$0
Dale Terwedo
Treasurer
$0
Libby Lewis
Secretary
$0
Brad Thomas
Executive Director (until 1/2021)
$0
Danielle Carnes
Executive Director (starting 1/2021)
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,020,171
Investment income $163,828
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $442,167
Net Income from Fundraising Events -$31,102
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,595,064

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Edmonds Community College Foundation has recieved totaling $120,108.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$38,407
Mccollum Charitable Irrv Tr 02231999

Dallas, TX

PURPOSE: SCHOLARSHIPS FOR BOOKS &

$25,893
College Spark Washington

Seattle, WA

PURPOSE: OTR2040 TRUSTEE DISCRETIONARY GRANT

$20,000
Norcliffe Foundation

Seattle, WA

PURPOSE: EDMONDS COLLEGE STUDENT SUCCESS FUND

$15,000
International Federation Of Professional & Technical Engineers

Seattle, WA

PURPOSE: SPEEA-ACE Scholarship Award

$10,000
Credit Unions In The State Of Washington

Tukwila, WA

PURPOSE: DONATION

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,190,153
Earnings$1,056,668
Net Contributions$213,487
Grants$126,555
Ending Balance$6,333,753

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