Central Washington University Foundation
- Assets
- $48.9m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Ellensburg, WA
- Founding
- 07/1969
- Data as of
- 06/2022
- EIN
- 23-7017467
Organization Overview
Central Washington University Foundation is located in Ellensburg, WA. The organization was established in 1969. 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. Central 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 06/2022, Central Washington University Foundation generated $7.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $4.6m during the year ending 06/2022. While expenses have increased by 7.7% 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
THE CENTRAL WASHINGTON UNIVERSITY FOUNDATION IS A PARTNERSHIP OF COMMITTED VOLUNTEERS WORKING IN CONCERT WITH DONORS, ALUMNI, FRIENDS, AND THE UNIVERSITY COMMUNITIES TO RAISE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR STUDENTS: MAJORITY IS ALLOCATED TO CWU TO ASSIST INDIVIDUALS.
PROGRAM SUPPORT FOR ACADEMIC PROGRAMS: SEMINARS, COLLOQUIUMS, TRAVEL, WORKSHOPS, FELLOWSHIPS, HONORARIUMS, PUBLICATIONS AND CONFERENCES.
UNIVERSITY CAPITAL PROJECT SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Hanson Vice-Chair | OfficerTrustee | 1 | $0 |
Greg Leclair Treasurer Through 10/22/21 | OfficerTrustee | 1 | $0 |
James Wohlpart President | OfficerTrustee | 1 | $0 |
Ralph A Conner Chair | OfficerTrustee | 1 | $0 |
Wendy Iwaszuk Secretary | OfficerTrustee | 1 | $0 |
Paul Elstone Vp, University Adv. & Cwuf Exe | Officer | 24 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $133,620 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,638,046 |
| Noncash contributions included in lines 1a–1f | $1,011,586 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,771,666 |
| Total Program Service Revenue | $0 |
| Investment income | $973,332 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $801,324 |
| Net Income from Fundraising Events | $28,644 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,605,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,173,418 |
| 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 | $340,009 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,327 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $143,417 |
| Fees for services: Investment Management | $119,931 |
| Fees for services: Other | $458,975 |
| Advertising and promotion | $0 |
| Office expenses | $170,440 |
| Information technology | $115,941 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $160,493 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,278 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,598,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,356,677 |
| Pledges and grants receivable | $1,710,978 |
| 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 | $80,528 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $44,771,064 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $48,919,247 |
| Accounts payable and accrued expenses | $374,911 |
| Grants payable | $0 |
| Deferred revenue | $46,646 |
| 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 | $1,180,364 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,761,295 |
| Total liabilities | $3,363,216 |
| Net assets without donor restrictions | $5,490,156 |
| Net assets with donor restrictions | $40,065,875 |
| 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 | $48,919,247 |
Grants Awarded
Over the last fiscal year, Central Washington University Foundation has awarded $2,173,418 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL WASHINGTON UNIVERSITY PURPOSE: educational scholarships | $1,476,349 |
CENTRAL WASHINGTON UNIVERSITY PURPOSE: capital project contribution | $584,332 |
CENTRAL WASHINGTON UNIVERSITY PURPOSE: In kind equipment & goods | $112,737 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Central Washington University Foundation has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Marie H Hamilton Scholarship Fund Dallas, TX PURPOSE: SCHOLARSHIPS FOR BOOKS & | $2,500 |
Endowment Analysis
| Beg. Balance | $37,086,997 |
| Earnings | -$5,008,148 |
| Net Contributions | $1,469,709 |
| Grants | $1,658,566 |
| Ending Balance | $31,889,992 |
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 |