College Success Foundation
- Assets
- $13.9m
- Revenue
- $16.3m
- Investments
- $0.0
- Employees
- 143
- Location
- Bellevue, WA
- Founding
- 11/2000
- Data as of
- 06/2021
- EIN
- 91-2036088
Organization Overview
College Success Foundation is located in Bellevue, WA. The organization was established in 2000. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2021, College Success Foundation employed 143 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Success 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, College Success Foundation generated $16.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $15.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 6 years. 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 INSPIRE UNDERSERVED, LOW-INCOME STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AND COLLEGE PROGRAMS: CSF SEEKS TO REDUCE FINANCIAL BARRIERS LOW-INCOME STUDENTS FACE BY AWARDING SCHOLARSHIPS AND PROVIDING STUDENT SUPPORT THROUGHOUT COLLEGE. THROUGH JUNE 30, 2021, CSF HAS AWARDED 16,479 SCHOLARSHIPS TO 16,000 STUDENTS, TOTALING MORE THAN $228 MILLION. TO DATE, 11,065 GRADUATES HAVE RECEIVED A DEGREE. CSF DESIGNS AND MARKETS SCHOLARSHIP APPLICATION MATERIALS, DEVELOPS SELECTION APROCESSES AND CREATES SCORING RUBRICS THAT CONSIDER VARIABLES REQUIRED BY THE FUNDER AND INCLUDE TRADITIONAL AND NON-TRADITIONAL SELECTION CRITERIA. CSF TRACKS ITS SCHOLARSHIP AWARDS AND SCHOLARS THROUGH A STUDENT DATA MANAGEMENT SYSTEM, WHILE RESPONDING TO INDIVIDUAL SCHOLAR'S FINANCIAL SITUATIONS AND NEEDS.
COLLEGE READINESS PROGRAMS: CSF PROVIDES CAREER AND COLLEGE AWARENESS AND SUPPORT FROM 7TH GRADE THROUGH HIGH SCHOOL GRADUATION. CSF ALSO WORKS WITH THE WASHINGTON STUDENT ACHIEVEMENT COUNCIL (WSAC), SCHOOL DISTRICTS, AND OTHER COLLEGE ACCESS PROVIDERS TO ENSURE LOW INCOME 7TH AND 8TH GRADERS SIGN UP FOR EARLY SCHOLARSHIP COMMITMENTS THROUGH WASHINGTON STATE'S COLLEGE BOUND SCHOLARSHIP. OUR STAFF IS SCHOOL-BASED AND WORK IN CLOSE COLLABORATION WITH TEACHERS AND GUIDANCE COUNSELORS. CSF ALSO PROVIDES SUMMER ACADEMIC READINESS PROGRAMMING THROUGH RESIDENTIAL COLLEGE EXPERIENCES AND OFFERS WORKSHOPS ON THE FINANCIAL AID PROCESS, ACADEMIC PLANNING, COLLLEGE ADMISSIONS PROCESS AND SOCIAL NETWORKING SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Dorsey President And CEO | Officer | 40 | $218,577 |
Michael Cheever Executive Vice President, External Relations | Officer | 40 | $197,908 |
Juliette Schindler Kelly Director, Public Affairs Strategic Partnerships | 40 | $136,957 | |
Shanna Lamar Executive Director (tacoma) | 40 | $128,954 | |
Mary Theisen Director, Strategic Communications | 40 | $128,526 | |
Pamela Tazioli Director, Development | 40 | $125,216 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $475,682 |
| Related organizations | $0 |
| Government grants | $1,490,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,011,070 |
| Noncash contributions included in lines 1a–1f | $202,272 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,976,752 |
| Total Program Service Revenue | $8,557,902 |
| Investment income | $71,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,143 |
| Net Income from Fundraising Events | -$121,055 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,300,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $320,654 |
| Grants and other assistance to domestic individuals. | $3,787,675 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $750,855 |
| Compensation of current officers, directors, key employees. | $403,980 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,990,305 |
| Pension plan accruals and contributions | $269,918 |
| Other employee benefits | $948,210 |
| Payroll taxes | $640,572 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,120 |
| Fees for services: Accounting | $51,608 |
| Fees for services: Lobbying | $16,125 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,191 |
| Fees for services: Other | $555,570 |
| Advertising and promotion | $0 |
| Office expenses | $230,472 |
| Information technology | $335,049 |
| Royalties | $0 |
| Occupancy | $597,723 |
| Travel | $3,065 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,227 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,140 |
| Insurance | $55,929 |
| All other expenses | $50,355 |
| Total functional expenses | $15,853,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,051,540 |
| Savings and temporary cash investments | $7,250,470 |
| Pledges and grants receivable | $2,396,255 |
| Accounts receivable, net | $1,541,230 |
| 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 | $194,745 |
| Net Land, buildings, and equipment | $37,040 |
| Investments—publicly traded securities | $434,435 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,905,715 |
| Accounts payable and accrued expenses | $1,048,256 |
| Grants payable | $6,006,382 |
| Deferred revenue | $292,685 |
| 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 | $7,347,323 |
| Net assets without donor restrictions | $3,285,454 |
| Net assets with donor restrictions | $3,272,938 |
| 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 | $13,905,715 |
Grants Awarded
Over the last fiscal year, College Success Foundation has awarded $109,904,893 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: WASHINGTON STATE OPPORTUNITY SCHOLARSHIP PROGRAM. | $106,085,519 |
Seattle, WA PURPOSE: SCHOLARSHIPS | $1,889,437 |
UNIVERSITY OF WASHINGTON PURPOSE: SCHOLARSHIPS | $1,889,437 |
Washington, DC PURPOSE: GALA SPONSORSHIP | $25,000 |
Washington, DC PURPOSE: GALA SPONSORSHIP | $10,000 |
Washington, DC PURPOSE: GALA SPONSORSHIP | $5,500 |
Grants Recieved
Over the last fiscal year, we have identified 41 grants that College Success Foundation has recieved totaling $1,163,559.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $112,800 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $107,718 |
Hearst Foundation Inc New York, NY PURPOSE: OPERATING SUPPORT | $100,000 |
The Seattle Foundation Seattle, WA PURPOSE: TO FUND THE EMPOWERING YOUTH TACOMA EVENT IN MAY; TO PROVIDE GENERAL SUPPORT; TO SUPPORT THE EMPOWERING YOUTH EVENT; LEADERSHIP 1000 FUND; SCHOLARSHIP 1000; TO SUPPORT SCHOLARSHIPS; EMPOWERING YOUTH; TO SUPPORT SCHOLARSHIPS WITH A PRIORITY FOR STUDENTS GRADUATING FROM GARFIELD HIGH SCHOOL | $86,100 |
Credit Unions In The State Of Washington Tukwila, WA PURPOSE: DONATION | $70,000 |
Brettler Family Foundation Seattle, WA PURPOSE: GENERAL OPERATING FUNDS-EDUCATION SUPPORT | $68,750 |
Endowment Analysis
| Beg. Balance | $326,248 |
| Earnings | $108,187 |
| Ending Balance | $434,435 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Success Foundation Bellevue, WA | $13,905,715 | $16,300,539 |
Alliance For Education Seattle, WA | $18,412,801 | $8,384,152 |
Schoolhouse Supplies Inc Portland, OR | $1,818,173 | $3,583,188 |
Foundation For Tacoma Students Tacoma, WA | $3,475,616 | $3,006,188 |
Big Bend Community College Foundation Moses Lake, WA | $9,131,826 | $1,251,204 |
All Hands Raised Portland, OR | $1,676,477 | $1,276,828 |
Lower Columbia College Foundation Longview, WA | $24,789,266 | $2,493,383 |
Janice Seagraves Family Foundation Inc Twin Falls, ID | $21,049,001 | $1,556,609 |
Bangladesh Christian School Sponsorship Of America Bcss Of Kennewick, WA | $784,121 | $1,020,612 |
Valley School Of Southern Oregon Medford, OR | $1,302,948 | $1,010,220 |
Friends Of Woodstock School Inc Freeland, WA | $6,921,736 | $485,909 |
Lake Oswego School Dist Foundation Inc Lake Oswego, OR | $2,102,151 | $1,177,360 |