Edmonds Community College Foundation
- Assets
- $9.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Lynnwood, WA
- Founding
- 09/1983
- Data as of
- 06/2021
- EIN
- 91-1186554
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.
Form
990
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Montalvo Chair | OfficerTrustee | 2 | $0 |
Dale Terwedo Treasurer | OfficerTrustee | 2 | $0 |
Bob Terwilliger Vice Chair | OfficerTrustee | 2 | $0 |
Libby Lewis Secretary | OfficerTrustee | 2 | $0 |
Brad Thomas Executive Director (until 1/2021) | Officer | 19 | $0 |
Danielle Carnes Executive Director (starting 1/2021) | Officer | 19 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $330,216 |
| 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 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 | -$1,000 |
| Fees for services: Accounting | $20,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $62,968 |
| Fees for services: Other | $35,758 |
| Advertising and promotion | $8,218 |
| Office expenses | $13,698 |
| Information technology | $26,994 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,656 |
| 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 | $4,010 |
| All other expenses | $0 |
| Total functional expenses | $1,967,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,453,633 |
| Pledges and grants receivable | $824,162 |
| Accounts receivable, net | $1,184 |
| 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 | $17,693 |
| Investments—publicly traded securities | $6,480,813 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,051,502 |
| Total assets | $9,828,987 |
| Accounts payable and accrued expenses | $152,506 |
| 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 | $152,506 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $9,676,481 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Edmonds Community College Foundation has recieved totaling $120,108.
| Awarding Organization | Amount |
|---|---|
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 |
Endowment Analysis
| Beg. Balance | $5,190,153 |
| Earnings | $1,056,668 |
| Net Contributions | $213,487 |
| Grants | $126,555 |
| Ending Balance | $6,333,753 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Saint Andrews College Inc Moscow, ID | $6,400,255 | $5,399,680 |
Boise Bible College Inc Boise, ID | $6,828,761 | $2,750,505 |
Southern Oregon University Foundation Ashland, OR | $42,053,103 | $5,034,083 |
Evergreen State College Foundation Olympia, WA | $29,119,022 | $6,581,377 |
New Hope Christian College Eugene, OR | $9,032,074 | $3,256,187 |
Lewis-Clark State College Foundation Inc Lewiston, ID | $16,070,808 | $3,059,553 |
Trinity Western University Foundation U S Lynden, WA | $3,554,587 | $1,967,501 |
Columbia Basin College Foundation Pasco, WA | $20,768,011 | $3,924,558 |
Edmonds Community College Foundation Lynnwood, WA | $9,828,987 | $1,595,064 |
Wenatchee Valley College Foundation Inc Wenatchee, WA | $11,001,321 | $1,891,382 |
Oregon Tech Foundation Inc Klamath Falls, OR | $39,593,421 | $3,262,888 |
Eastern Oregon University Foundation La Grande, OR | $21,866,815 | $1,951,992 |