Grays Harbor College Foundation Inc
- Assets
- $14.2m
- Revenue
- $1.8m
- Investments
- $35.8k
- Employees
- 0
- Location
- Aberdeen, WA
- Founding
- 06/1964
- Data as of
- 06/2022
- EIN
- 91-6052939
Organization Overview
Grays Harbor College Foundation Inc is located in Aberdeen, WA. The organization was established in 1964. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Grays Harbor College Foundation Inc 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 06/2022, Grays Harbor College Foundation Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Grays Harbor College Foundation Inc has awarded 16 individual grants totaling $6,392,232. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT GRAYS HARBOR COLLEGE THROUGH TUITION GRANTS, STAFF EXCELLENT AWARDS AND OTHER SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRAYS HARBOR COLLEGE TUITION AWARDS
GRAYS HARBOR COLLEGE FACILITY AWARDS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arlene Torgerson Vice-President | OfficerTrustee | 4 | $0 |
Lynn Green Secretary | OfficerTrustee | 4 | $0 |
Mary Nelson Treasurer | OfficerTrustee | 4 | $0 |
Tim Martin Pass-President | OfficerTrustee | 4 | $0 |
Alissa Shay President | OfficerTrustee | 4 | $0 |
Gary Morean Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $231,765 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $829,560 |
| Noncash contributions included in lines 1a–1f | $17,808 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,061,325 |
| Total Program Service Revenue | $0 |
| Investment income | $440,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $259,106 |
| Net Income from Fundraising Events | -$6,943 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,752,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $826,551 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $79,540 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,963 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $98,035 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,928 |
| 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 | $2,475 |
| All other expenses | $0 |
| Total functional expenses | $1,067,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,078,799 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $28,570 |
| 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 | $13,001,696 |
| Investments—other securities | $35,796 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,228 |
| Total assets | $14,194,089 |
| 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 | $1,182,206 |
| Net assets with donor restrictions | $13,011,883 |
| 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 | $14,194,089 |
Grants Awarded
Over the last fiscal year, Grays Harbor College Foundation Inc has awarded $826,551 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRAYS HARBOR COLLEGE PURPOSE: SCHOLARSHIP ASSISTANCE FOR STUDENTS | $605,097 |
GRAYS HARBOR COLLEGE PURPOSE: SUPPORT FOR THE COLLEGE INCLUDING BUILDING PROJECTS | $221,454 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Grays Harbor College Foundation Inc has recieved totaling $243,614.
| Awarding Organization | Amount |
|---|---|
Grays Harbor Community Foundation Hoquiam, WA PURPOSE: To support the program. | $108,500 |
The Albertsons Companies Foundation Pleasanton, CA PURPOSE: HUNGER | $67,806 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $26,000 |
Marian J Weatherwax Charitable Remainder Unitrust Of 1990 Seattle, WA PURPOSE: JUST IN TIME PROJECT | $25,000 |
Druzianich Family Charitable Trust Aberdeen, WA PURPOSE: UNRESTRICTED SUPPORT. | $15,000 |
W Second Growth Foundation St Paul, MN PURPOSE: ELDON BARGEWELL MEMORIAL FUND | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Alaska Foundation Anchorage, AK | $433,420,168 | $30,048,910 |
Idaho State University Foundation Inc Pocatello, ID | $103,380,553 | $14,176,900 |
Choice Regional Health Network Olympia, WA | $24,377,222 | $13,582,793 |
Housing Northwest Inc Portland, OR | $58,641,349 | $5,917,895 |
Seattle Public Library Foundation Seattle, WA | $96,431,810 | $10,213,683 |
Clark Community College District 14 Foundation Vancouver, WA | $121,917,031 | $11,491,033 |
Central Washington University Foundation Ellensburg, WA | $48,919,247 | $7,605,095 |
Green River College Foundation Auburn, WA | $36,981,286 | $4,351,003 |
College Of Southern Idaho Foundation Inc Twin Falls, ID | $47,429,745 | $8,059,079 |
Regent College Foundation Seattle, WA | $182,703 | $2,359,102 |
College Of Idaho 2nd Century Fund- Trust B A Charitable Education Tr Caldwell, ID | $12,230,873 | $1,074,973 |
Central Oregon Community College Foundation Bend, OR | $26,812,893 | $2,143,822 |