Bellingham Technical College Foundation
- Assets
- $5.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Bellingham, WA
- Founding
- 05/1995
- Data as of
- 06/2021
- EIN
- 91-1658027
Organization Overview
Bellingham Technical College Foundation is located in Bellingham, WA. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Bellingham 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 06/2021, Bellingham Technical College Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $911.8k during the year ending 06/2021. 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
ENHANCING INSTRUCTIONAL PROGRAMS AT BELLINGHAM TECHNICAL COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS AND FACULTY RECEIVE SCHOLARSHIPS AND PROGRAM ENHANCEMENTS IN THE FORM OF CASH, COMPUTERS, SOFTWARE, INSTRUMENTAL EQUIPMENT, VEHICLES AND VEHICLE PARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lin Nelson Vice President | OfficerTrustee | 0 | $0 |
Crystal Greear Treasurer | OfficerTrustee | 0 | $0 |
Mike Burke President | OfficerTrustee | 0 | $0 |
Charles Lauckhardt Secretary | OfficerTrustee | 0 | $0 |
David Blair Emeritus | Trustee | 0 | $0 |
Mike Preston Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $232,517 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $770,989 |
| Noncash contributions included in lines 1a–1f | $275,867 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,003,506 |
| Total Program Service Revenue | $0 |
| Investment income | $90,593 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $112,186 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,206,285 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $216,136 |
| Grants and other assistance to domestic individuals. | $384,396 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $911,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,896 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,833 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,200 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,364,307 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,539,236 |
| Accounts payable and accrued expenses | $8,450 |
| 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 | $13,023 |
| Total liabilities | $21,473 |
| Net assets without donor restrictions | $607,068 |
| Net assets with donor restrictions | $4,910,695 |
| 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 | $5,539,236 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Bellingham Technical College Foundation has recieved totaling $292,540.
| Awarding Organization | Amount |
|---|---|
Mount Baker Foundation Bellingham, WA PURPOSE: SCHOLARSHIP | $100,000 |
Echo Valley Foundation Lynden, WA PURPOSE: SCHOLARSHIPS | $100,000 |
Whatcom Community Foundation Bellingham, WA PURPOSE: EDUCATION | $49,165 |
Eleanor And Henry Jansen Foundation Bellingham, WA PURPOSE: SCHOLARSHIPS | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Ferguson Foundation Mount Vernon, WA PURPOSE: SCHOLARSHIPS FOR POST-SECONDARY EDUCATION | $10,000 |
Endowment Analysis
| Beg. Balance | $3,227,852 |
| Earnings | $1,028,477 |
| Admin Expense | $56,223 |
| Net Contributions | $314,000 |
| Grants | $187,668 |
| Ending Balance | $4,326,438 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uw Physicians Network Seattle, WA | $28,108,083 | $71,347,510 |
Snohomish County Workforce Development Council Everett, WA | $4,878,979 | $47,934,088 |
Eastern Aleutian Tribes Inc Anchorage, AK | $24,179,312 | $16,987,359 |
International Society For Technology In Education Portland, OR | $20,256,205 | $13,556,365 |
Public School Employees Of Washington Auburn, WA | $10,924,728 | $12,530,239 |
Washington State Charter Schools Association Seattle, WA | $13,158,502 | $7,768,416 |
Bluum Inc Boise, ID | $2,040,780 | $9,996,338 |
Native Project Spokane, WA | $18,009,954 | $13,503,494 |
Spokane International Academy Spokane, WA | $28,868,838 | $9,309,601 |
Pride Prep Schools Spokane, WA | $4,483,995 | $8,242,945 |
Oregon School Employees Association 133 Salem, OR | $7,639,516 | $7,655,217 |
Washington Manufacturing Services Bothell, WA | $3,899,855 | $7,541,918 |