Clover Park Technical College Foundation

Organization Overview

Clover Park Technical College Foundation is located in Lakewood, WA. The organization was established in 1993. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clover Park Technical 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, Clover Park Technical College Foundation generated $446.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $359.8k during the year ending 12/2021. 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

CPTC FOUNDATION ENSURES THE OPPORTUNITY FOR THE EDUCATION OF TOMORROW'S WORKFORCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE SCHOLARSHIPS TO STUDENTS FOR TUITION, BOOKS AND SUPPLIES AS WELL AS STAFF AND FACULTY AWARDS FOR OUTSTANDING WORK AND COMMITMENT TO THEIR JOBS.


PROVIDE EMERGENCY GRANTS TO STUDENTS AT CLOVER PARK TECHNICAL COLLEGE FOR SHELTER, UTILITIES OR OTHER NEEDS THAT WILL ENABLE THE STUDENT TO CONTINUE THEIR EDUCATION.


PROVIDE ASSISTANCE TO COLLEGE PROGRAMS THROUGH EQUIPMENT DONATIONS TO ASSIST STUDENTS IN PRACTICAL TRAINING FOR THEIR VOCATION; PROVIDED CASH TO SPECIFIC PROGRAMS FOR SUPPLIES AND OTHER NEEDS.


PROVIDE ASSISTANCE TO COLLEGE PROGRAMS THROUGH DONATED GOODS FOR ACADEMIC USE.


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Board, Officers & Key Employees

Name (title)Compensation
Mary Green
Treasurer
$0
David Harkness
Director-At-Large
$0
Kathryn Smith
Director-At-Large
$0
Joe Lydic
President
$0
Caroline Henry
Secretary
$0
Lori Banaszak
Past President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$65,815
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$337,101
Noncash contributions included in lines 1a–1f $34,995
Total Revenue from Contributions, Gifts, Grants & Similar$402,916
Total Program Service Revenue$10,828
Investment income $36,191
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $10,033
Net Income from Fundraising Events -$13,756
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $446,212

Grants Awarded

Over the last fiscal year, Clover Park Technical College Foundation has awarded $329,044 in support to 3 organizations.

Grant RecipientAmount

CLOVER PARK TECHNICAL COLLEGE

PURPOSE: To provide equipment for College programs

$254,127

CLOVER PARK TECHNICAL COLLEGE

PURPOSE: To provide supplies for college programs

$72,871

CLOVER PARK TECHNICAL COLLEGE

PURPOSE: To make technology upgrades to College equipment

$2,046
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Clover Park Technical College Foundation has recieved totaling $205,262.

Awarding OrganizationAmount
College Spark Washington

Seattle, WA

PURPOSE: HEI2001 GUIDED PATHWAYS

$100,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$45,262
Greater Tacoma Community Foundation

Tacoma, WA

PURPOSE: PROGRAM SUPPORT

$22,000
The Seattle Foundation

Seattle, WA

PURPOSE: TO PROVIDE SUPPORT FOR THE HAYES CHILD DEVELOPMENT CENTER

$22,000
$13,101
Trufant Family Foundation

Tacoma, WA

PURPOSE: SCHOLARSHIPS FOR STUDENTS

$2,400
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,927,605
Earnings$228,299
Admin Expense$11,972
Net Contributions$130,545
Grants$70,216
Ending Balance$2,204,261

Peer Organizations

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