Western Washington University Foundation
- Assets
- $166.1m
- Revenue
- $24.7m
- Investments
- $5.0m
- Employees
- 0
- Location
- Bellingham, WA
- Founding
- 10/1967
- Data as of
- 06/2023
- EIN
- 91-6073519
Organization Overview
Western Washington University Foundation is located in Bellingham, WA. The organization was established in 1967. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Western Washington University 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 06/2023, Western Washington University Foundation generated $24.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $12.6m during the year ending 06/2023. While expenses have increased by 5.1% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR WESTERN WASHINGTON UNIVERSITY AND ALUMNI IS A NON-PROFIT, PUBLIC 501(C)(3) CORPORATION THAT EXISTS TO ENCOURAGE, SECURE AND STEWARD PRIVATE FINANCIAL RESOURCES THAT SUPPORT THE ACADEMIC MISSION OF WESTERN WASHINGTON UNIVERSITY.
Describe the Organization's Program Activity:
HIGHER EDUCATION: PROVIDE OTHER PROGRAM SERVICES TO WESTERN WASHINGTON UNIVERSITY TO INCLUDE EQUIPMENT PURCHASES, FACULTY AND STUDENT TRAVEL, CONFERENCES, HONORARIA, SUPPLIES, AND OTHER.
HIGHER EDUCATION: 1,986 SCHOLARSHIPS AWARDED TO INDIVIDUAL STUDENTS.
HIGHER EDUCATION: GRANT GIFTS OF IN-KIND PROPERTY RECEIVED FOR WESTERN WASHINGTON UNIVERSITY TO INCLUDE COMPUTER HARDWARE AND SOFTWARE, TECHNICAL EQUIPMENT, ART COLLECTIONS AND GALLERY, LIBRARY ADDITIONS AND OTHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Anderson Board Member | Trustee | 2 | $0 |
Michael Bayless Board Member | Trustee | 2 | $0 |
Carol Francisco Ec At Large | Trustee | 2 | $0 |
Greg Grant Si Chair | Trustee | 4 | $0 |
Tony George Secretary | OfficerTrustee | 4 | $0 |
Sydney Hunsdale Past Chair & Finance Chair | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Russell Investments Investment Management Fees | 6/29/21 | $488,374 |
Mclennan Design Inc Building Design Consultation | 6/29/21 | $265,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $97,376 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,684,348 |
| Noncash contributions included in lines 1a–1f | $330,938 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,781,724 |
| Total Program Service Revenue | $1,644,183 |
| Investment income | $237,579 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $541 |
| Net Rental Income | $42,543 |
| Net Gain/Loss on Asset Sales | $5,620 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$7,587 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,719,929 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $228,426 |
| Grants and other assistance to domestic individuals. | $5,250,369 |
| 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 | $1,802,070 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,609 |
| Fees for services: Accounting | $41,813 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $59,256 |
| Fees for services: Investment Management | $574,408 |
| Fees for services: Other | $527,927 |
| Advertising and promotion | $207,554 |
| Office expenses | $402,361 |
| Information technology | $78,247 |
| Royalties | $0 |
| Occupancy | $38,327 |
| Travel | $1,194,799 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $179,142 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,246 |
| Insurance | $28,025 |
| All other expenses | $144,270 |
| Total functional expenses | $12,632,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,103,747 |
| Savings and temporary cash investments | $31,945 |
| Pledges and grants receivable | $11,076,686 |
| 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 | $13,300 |
| Net Land, buildings, and equipment | $5,488,357 |
| Investments—publicly traded securities | $138,626,338 |
| Investments—other securities | $5,020,420 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $772,177 |
| Total assets | $166,132,970 |
| Accounts payable and accrued expenses | $182,446 |
| Grants payable | $1,500,000 |
| Deferred revenue | $150,800 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $14,146,474 |
| 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 | $288,092 |
| Total liabilities | $16,267,812 |
| Net assets without donor restrictions | $32,438,221 |
| Net assets with donor restrictions | $117,426,937 |
| 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 | $166,132,970 |
Grants Awarded
Over the last fiscal year, Western Washington University Foundation has awarded $3,559,362 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WESTERN WASHINGTON UNIVERSITY PURPOSE: ALL GRANTS ARE MADE TO SUPPORT THE MISSION OF WESTERN WASHINGTON UNIVERSITY. GRANTS ARE MADE TO SUPPORT ACADEMIC PROGRAMS AT THE UNIVERSITY. | $2,059,362 |
WESTERN WASHINGTON UNIVERSITY PURPOSE: DEVELOPMENT AND CONSTRUCTION OF A NEW ADVANCED TECHNOLOGY BUILDING | $1,500,000 |