Anacortes Schools Foundation
- Assets
- $5.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Anacortes, WA
- Founding
- 01/1985
- Data as of
- 12/2021
- EIN
- 91-1263495
Organization Overview
Anacortes Schools Foundation is located in Anacortes, WA. The organization was established in 1985. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anacortes Schools 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, Anacortes Schools Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $658.0k during the year ending 12/2021. While expenses have increased by 11.2% 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
EMPOWER AND INSPIRE ALL ANACORTES STUDENTS THROUGH SCHOLARSHIPS AND ENRICHED LEARNING OPPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERIT SCHOLARSHIPS GRANTED TO ANACORTES STUDENTS IN PURSUIT OF POST HIGH SCHOOL EDUCATION. PRESCHOOL SCHOLARSHIPS GRANTED TO ANACORTES PRESCHOOLERS IN PURSUIT OF A CHILD'S OWN NATURAL DESIRE TO LEARN.
FINANCIAL SUPPORT GIVEN TO THE ANACORTES SCHOOL DISTRICT ENRICHED LEARNING OPPORTUNITIES. CURRENT PROGRAMS INCLUDE EARLY LEARNING, DISTRICT-WIDE STEM ENRICHMENT, SOCIAL EMOTIONAL AND MENTAL HEALTH, SUMMER LEARNING, TEACHER GRANTS,THE VISUAL AND PERFORMING ARTS AS WELL AS SCHOOL SUPPLIES AND BACKPACKS FOR NEEDY FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rene Vance Treasurer | OfficerTrustee | 10 | $0 |
Brian Adams Vice Preside | OfficerTrustee | 1 | $0 |
Paula Brar Secretary | OfficerTrustee | 2 | $0 |
Treva King President | OfficerTrustee | 12 | $0 |
Kim Davis Director | Trustee | 1 | $0 |
Gary Miller Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $175,703 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $934,140 |
| Noncash contributions included in lines 1a–1f | $11,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,109,843 |
| Total Program Service Revenue | $0 |
| Investment income | $96,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $86,760 |
| Net Income from Fundraising Events | $54,150 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,347,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $222,246 |
| Grants and other assistance to domestic individuals. | $326,964 |
| 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 | $51,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,561 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,459 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,273 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $615 |
| All other expenses | $0 |
| Total functional expenses | $658,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,385 |
| Savings and temporary cash investments | $1,101,716 |
| 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 | $4,297,563 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,439,664 |
| 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 |
| Net assets without donor restrictions | $641,193 |
| Net assets with donor restrictions | $4,798,471 |
| 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 | $5,439,664 |
Grants Awarded
Over the last fiscal year, Anacortes Schools Foundation has awarded $217,246 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ANACORTES SCHOOL DISTRICT PURPOSE: EDUCATIONAL ENRICHME | $209,459 |
Anacortes, WA PURPOSE: ART SUPPLY KITS | $7,787 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Anacortes Schools Foundation has recieved totaling $380,180.
| Awarding Organization | Amount |
|---|---|
Jeff And Linda Hendricks Family Foundation Wilmington, DE PURPOSE: SUMMER LEARNING PROGRAM | $120,000 |
Richard And Lois Worthington Foundation Anacortes, WA PURPOSE: GENERAL SUPPORT ACTIVITIES | $115,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $31,000 |
Marathon Petroleum Foundation Inc Findlay, OH PURPOSE: STEM ENRICHMENT FUNDS | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $24,619 |
Marathon Petroleum Foundation Inc Findlay, OH PURPOSE: AHS VOCATIONAL, CAREER AND TECHNICAL PROGRAMS | $20,000 |
Endowment Analysis
| Beg. Balance | $3,367,508 |
| Earnings | $520,761 |
| Net Contributions | $87,777 |
| Other Expense | $61,122 |
| Grants | $121,751 |
| Ending Balance | $3,793,172 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
B Nai Brith Mens Camp Association Portland, OR | $16,948,844 | $7,971,848 |
Anacortes Schools Foundation Anacortes, WA | $5,439,664 | $1,347,549 |
Boys & Girls Club Of Salem Marion & Polk Counties Foundation Salem, OR | $4,090,013 | $364,636 |
Friends Of Baseball Llc Portland, OR | $38,718 | $303,285 |
United Rotary Clubs Of Southern Oregon Medford, OR | $4,554 | $0 |
Central Mexico Youth Fund Eugene, OR | $61,517 | $0 |
Camp Rosenbaum Fund Portland, OR | $1,050,504 | $134,622 |
Keizer Youth Outreach Salem, OR | $34,650 | $0 |
Hearts That Hope Usa Lynden, WA | $10,201 | $0 |
Red Wolves Football Booster Club Duvall, WA | $66,358 | $0 |
Eternal Hope Charities Bremerton, WA | $5,971 | $0 |
Kruise Of Klamath Klamath Falls, OR | $8,199 | $0 |