Northwest University Foundation
- Assets
- $16.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Kirkland, WA
- Founding
- 09/1992
- Data as of
- 05/2022
- EIN
- 95-2008029
Organization Overview
Northwest University Foundation is located in Kirkland, WA. The organization was established in 1992. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. Northwest 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 05/2022, Northwest University Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $497.7k during the year ending 05/2022. While expenses have increased by 11.6% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT FOR HIGHER EDUCATION AT NORTHWEST UNIVERSITY AND ITS STUDENT BODY OF APPROXIMATELY 2,400
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SUPPORT FOR NORTHWEST UNIVERSITY AND ITS STUDENT BODY OF APPROXIMATELY 2,400 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Castleberry President | OfficerTrustee | 8 | $0 |
Arlyn Nelson Secretary | OfficerTrustee | 2 | $0 |
Justin Kawabori Executive Director | OfficerTrustee | 8 | $0 |
Talia Hastie Vice Chair | OfficerTrustee | 2 | $0 |
Barry Horn Chair | OfficerTrustee | 2 | $0 |
Norma Jean Reece Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $398,983 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $398,983 |
| Total Program Service Revenue | $0 |
| Investment income | $487,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $908,146 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,794,579 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $278,000 |
| 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 | $101,163 |
| Pension plan accruals and contributions | $4,460 |
| Other employee benefits | $12,603 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $525 |
| Advertising and promotion | $0 |
| Office expenses | $57 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,561 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57,763 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $497,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,396,499 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $228,209 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,665,300 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,163,015 |
| Total assets | $16,453,023 |
| 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 | $320,095 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,596,760 |
| Other liabilities | $2,326,721 |
| Total liabilities | $4,243,576 |
| Net assets without donor restrictions | $3,536,090 |
| Net assets with donor restrictions | $8,673,357 |
| 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 | $16,453,023 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northwest University Foundation has recieved totaling $6,500.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of North Central Washington Wenatchee, WA PURPOSE: Scholarship | $6,500 |
Endowment Analysis
| Beg. Balance | $11,497,047 |
| Earnings | -$376,001 |
| Net Contributions | $232,070 |
| Grants | $175,864 |
| Ending Balance | $11,177,252 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The College Of Idaho Inc Caldwell, ID | $172,477,776 | $58,915,354 |
Northwest Nazarene University Inc Nampa, ID | $150,539,904 | $62,049,602 |
Northwest University Kirkland, WA | $66,204,859 | $53,966,388 |
Bastyr University Kenmore, WA | $50,441,675 | $39,114,511 |
Corban University Salem, OR | $26,227,993 | $40,955,830 |
Cornish College Of The Arts Seattle, WA | $87,948,379 | $29,102,387 |
New Saint Andrews College Inc Moscow, ID | $6,400,255 | $5,399,680 |
Boise Bible College Inc Boise, ID | $6,828,761 | $2,750,505 |
Southern Oregon University Foundation Ashland, OR | $42,053,103 | $5,034,083 |
Evergreen State College Foundation Olympia, WA | $29,119,022 | $6,581,377 |
New Hope Christian College Eugene, OR | $9,032,074 | $3,256,187 |
Lewis-Clark State College Foundation Inc Lewiston, ID | $16,070,808 | $3,059,553 |