Northwest Education Access
- Assets
- $2.7m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 27
- Location
- Seattle, WA
- Founding
- 06/2002
- Data as of
- 06/2023
- EIN
- 04-3602577
Organization Overview
Northwest Education Access is located in Seattle, WA. The organization was established in 2002. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Northwest Education Access employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Education Access 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, Northwest Education Access generated $2.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $2.5m during the year ending 06/2023. While expenses have increased by 11.5% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NORTHWEST EDUCATION ACCESS PROVIDES COMPREHENSIVE AND INDIVIDUALIZED SUPPORT TO HELP LOW-INCOME YOUNG PEOPLE, AGES 16-29, IN KING AND PIERCE COUNTIES BUILD THEIR OWN PATH TO HIGHER EDUCATION AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTHWEST EDUCATION ACCESS SERVED 903 STUDENTS DURING THE YEAR. COLLEGE PREP PROGRAM: 134 PARTICIPANTS COMPLETED THEIR GED (82) OR HIGH SCHOOL DIPLOMA (52); 142 PARTICIPANTS COMPLETED A COLLEGE ENTRANCE EXAM, SUCH AS THE COMPASS OR SAT TEST. COLLEGE SUCCESS PROGRAM: 119 STUDENTS STARTED A HIGHER EDUCATION PROGRAM; 63 STUDENTS EARNED A HIGHER EDUCATION DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chelsea Hicks Board President | OfficerTrustee | 4 | $0 |
Jessica Nourozi Board Vice President | OfficerTrustee | 4 | $0 |
Jessica Safley Board Secretary | OfficerTrustee | 4 | $0 |
Nick Quinlan Board Treasurer | OfficerTrustee | 2 | $0 |
Ashok Misra Board Member | Trustee | 2 | $0 |
Thomas Staiger Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,396 |
| Related organizations | $0 |
| Government grants | $1,154,498 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,429,871 |
| Noncash contributions included in lines 1a–1f | $8,069 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,613,765 |
| Total Program Service Revenue | $0 |
| Investment income | $4,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,620,665 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $238,689 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $264,991 |
| Compensation of current officers, directors, key employees. | $120,672 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,325,156 |
| Pension plan accruals and contributions | $31,572 |
| Other employee benefits | $120,961 |
| Payroll taxes | $150,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $61,448 |
| Fees for services: Lobbying | $48,000 |
| Fees for services: Fundraising | $15,563 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,522 |
| Advertising and promotion | $0 |
| Office expenses | $75,353 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,098 |
| Travel | $22,539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,680 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,473,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,158,022 |
| Savings and temporary cash investments | $754,257 |
| Pledges and grants receivable | $713,938 |
| 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 | $13,074 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,017 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,650,308 |
| Accounts payable and accrued expenses | $166,043 |
| Grants payable | $5,000 |
| 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 | $171,043 |
| Net assets without donor restrictions | $2,130,920 |
| Net assets with donor restrictions | $348,345 |
| 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 | $2,650,308 |