Foundation For Tacoma Students
- Assets
- $2.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Tacoma, WA
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 27-3029219
Organization Overview
Foundation For Tacoma Students is located in Tacoma, WA. The organization was established in 2010. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2022, Foundation For Tacoma Students employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Tacoma Students 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 12/2022, Foundation For Tacoma Students generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $2.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Foundation For Tacoma Students has awarded 144 individual grants totaling $3,115,985. 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 INCREASE BY 50% BOTH THE GRADUATION RATE OF TACOMA PUBLIC SCHOOLS STUDENTS AND THOSE WHO COMPLETE A COLLEGE DEGREE OR TECHNICAL CERTIFICATE. SUCCESS WILL REQUIRE MEASURING AND CLOSING GAPS IN ACCESS, OPPORTUNITIES AND ACHIEVEMENT FOR ALL STUDENTS FROM CRADLE TO COLLEGE AND CAREER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION FOR TACOMA STUDENTS PROVIDES MANAGEMENT AND COORDINATION OF COMMUNITY-WIDE STRATEGIES DESIGNED TO INCREASE BY 50% BOTH THE GRADUATION RATE OF TACOMA PUBLIC SCHOOLS STUDENTS AND THOSE WHO COMPLETE A COLLEGE DEGREE OR TECHNICAL CERTIFICATE. USING FOUR KEY STRATEGIES, THE FOUNDATION IS COMMITTED TO SHARED GOALS; USES DATA TO INFORM BETTER DECISION MAKING; ACTS COLLABORATIVELY AND ALIGNS RESOURCES FOR SUSTAINABLE INVESTMENT.
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 |
|---|---|---|---|
Victoria Woodards Director | Trustee | 2 | $0 |
Tanisha Jumper Secretary | OfficerTrustee | 5 | $0 |
Joshua Knudson Treasurer | OfficerTrustee | 5 | $0 |
Carrie Prudente Holden Director | Trustee | 2 | $0 |
Elizabeth Bonbright Director | Trustee | 2 | $0 |
Shon Sylvia Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,256 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,402,475 |
| Noncash contributions included in lines 1a–1f | $3,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,439,731 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,439,731 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $145,613 |
| Grants and other assistance to domestic individuals. | $82,796 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $218,026 |
| Compensation of current officers, directors, key employees. | $130,816 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $885,612 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $111,162 |
| Payroll taxes | $87,230 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,004,255 |
| Advertising and promotion | $81,088 |
| Office expenses | $61,055 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,602 |
| 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 | $12,530 |
| Insurance | $7,909 |
| All other expenses | $0 |
| Total functional expenses | $2,851,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,627,142 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $384,406 |
| 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 | $32,347 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $266,047 |
| Total assets | $2,309,942 |
| Accounts payable and accrued expenses | $32,964 |
| 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 | $279,230 |
| Total liabilities | $312,194 |
| Net assets without donor restrictions | $646,389 |
| Net assets with donor restrictions | $1,351,359 |
| 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 | $2,309,942 |
Grants Awarded
Over the last fiscal year, Foundation For Tacoma Students has awarded $87,442 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CARVER'S CAMP CANOE JOURNEY - DEMARUS TEVUK PURPOSE: PROGRAMS:CARVER'S CAMP CANOE JOURNEY | $5,018 |
TACOMA COMMUNITY COLLEGE PURPOSE: SOCIAL CAPITAL GRANT IMPLEMENTATION | $6,500 |
UNIVERSITY OF WASHINGTON TACOMA PURPOSE: SOCIAL CAPITAL GRANT IMPLEMENTATION | $6,500 |
NA'AH ILLAHEE FUND PURPOSE: PROGRAMS:CARVER'S CAMP CANOE JOURNEY:NA'AH ILLAHEE | $6,720 |
CARVER'S CAMP CANOE JOURNEY -ASHLEY MOCORRO POWELL PURPOSE: PROGRAMS:CARVER'S CAMP CANOE JOURNEY:HONORARIUM | $6,930 |
ENHANCED PREP PURPOSE: 2022 SENIOR SUPPORTS | $10,000 |