Renton Schools Foundation
- Assets
- $260.7k
- Revenue
- $585.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Renton, WA
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 83-4113441
Organization Overview
Renton Schools Foundation is located in Renton, WA. The organization was established in 2019. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., 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. Renton Schools 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 12/2023, Renton Schools Foundation generated $585.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $581.7k during the year ending 12/2023. 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
TO PROMOTE AND HELP FUND THE BEST POSSIBLE LEARNING OPPORTUNITIES FOR ALL STUDENTS IN THE RENTON SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDING TO SUPPORT IMPROVING MATH SKILLS FOR ALL RENTON SCHOOL DISTRICT THIRD TO EIGHTH GRADERS.
PROVIDE LICENSES TO MYON READER, A DIGITAL LIBRARY WITH ACCESS TO 6,000 DIGITAL BOOKS, FOR 10 ELEMENTARY SCHOOLS IN THE RENTON SCHOOL DISTRICT.
PROVIDED NEW INSTRUMENTS, INSTRUMENT MAINTENANCE AND DRAMA PROGRAMS FOR STUDENTS GRADES 4 - 12.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Avanti Bergquist Director | Trustee | 0.5 | $0 |
Randy Matheson Director | Trustee | 0.5 | $0 |
Samir Patel Director | Trustee | 0.5 | $0 |
Shivani Kailesh Patel Director | Trustee | 1 | $0 |
Damien Pattenaude Ex-Officio Director | Trustee | 0.3 | $0 |
Pamela Scott Director | Trustee | 3 | $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 | $585,295 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $585,295 |
| Total Program Service Revenue | $0 |
| Investment income | $147 |
| 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 | $585,442 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $550,728 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $13,441 |
| Office expenses | $0 |
| Information technology | $1,721 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $1,594 |
| All other expenses | $0 |
| Total functional expenses | $581,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,112 |
| Savings and temporary cash investments | $73,575 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $260,687 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $184,133 |
| Net assets with donor restrictions | $76,554 |
| 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 | $260,687 |
Grants Awarded
Over the last fiscal year, Renton Schools Foundation has awarded $128,042 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RENTON SCHOOL DISTRICT PURPOSE: Provide options to support digital connectivity to homes for approximately 1,300 students, enabling successful remote learning during Covid-19 pandemic. | $80,000 |
RENTON SCHOOL DISTRICT PURPOSE: Purchase of licenses to MyOn Digital Reader, a digital library with access to 6,000 digital books for 9 elementary schools in the Renton School District. | $48,042 |