Independent Colleges Of Washington
- Assets
- $4.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Seattle, WA
- Founding
- 03/1986
- Data as of
- 06/2023
- EIN
- 91-0614877
Organization Overview
Independent Colleges Of Washington is located in Seattle, WA. The organization was established in 1986. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2023, Independent Colleges Of Washington employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Colleges Of Washington 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, Independent Colleges Of Washington generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $2.3m during the year ending 06/2023. While expenses have increased by 6.5% 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.
Since 2015, Independent Colleges Of Washington has awarded 80 individual grants totaling $5,447,581. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ICW SUPPORTS STUDENTS AND ADVANCES THE LONG-TERM HEALTH AND WELL-BEING OF ITS MEMBER COLLEGES BY: CHAMPIONING THE VALUE OF A LIBERAL ARTS-BASED COLLEGE EDUCATION; REINFORCING THE IMPORTANCE OF HIGHER EDUCATION WITH POLICYMAKERS, OPINION LEADERS, PARTNERS AND GENERAL PUBLIC; RAISING AWARENESS ABOUT THE ESSENTIAL ROLE OUR COLLEGES PLAY IN OFFERING STUDENTS QUALITY, DIVERSE HIGHER EDUCATION OPTIONS AND; FORGING BUSINESS PARTNERSHIPS AND RAISING CHARITABLE GIFTS FROM CORPORATIONS AND FOUNDATIONS IN SUPPORT OF STUDENT SCHOLARSHIPS AND MEMBER CAMPUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS ARE AT THE CENTER OF THE MISSION OF ICW COLLEGES AND UNIVERSITIES. EACH YEAR, ICW ADVOCATES FOR OUR STUDENTS ON BOTH THE STATE AND FEDERAL LEVELS; RAISES FUNDS FOR STUDENT SCHOLARSHIPS AND SPECIAL PROGRAMS; AND PROMOTES COLLABORATION AMONG MEMBERS COLLEGES AND OTHER HIGHER EDUCATION INSTITUTIONS AND ORGANIZATIONS THAT ENCOURAGE PROGRAM DEVELOPMENT, SHARING RESOURCES, AND CUTTING COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Standish-Kuon President & CEO | Officer | 40 | $303,300 |
Jim Yearby Secretary/treasurer | OfficerTrustee | 1 | $0 |
Thayne M Mcculloh Chair | OfficerTrustee | 1 | $0 |
Kimerly Rorschach Vice Chair | OfficerTrustee | 1 | $0 |
John Mcvay Past Chair | OfficerTrustee | 1 | $0 |
Mike Ridgeway-Maas Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,109,764 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $899,446 |
| Noncash contributions included in lines 1a–1f | $173,100 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,009,210 |
| Total Program Service Revenue | $0 |
| Investment income | $65,682 |
| 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 | $2,074,892 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $905,183 |
| 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. | $357,540 |
| Compensation of current officers, directors, key employees. | $121,564 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $424,943 |
| Pension plan accruals and contributions | $32,173 |
| Other employee benefits | $37,418 |
| Payroll taxes | $51,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,794 |
| Fees for services: Accounting | $16,200 |
| Fees for services: Lobbying | $59,321 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,854 |
| Advertising and promotion | $23,910 |
| Office expenses | $14,886 |
| Information technology | $21,989 |
| Royalties | $0 |
| Occupancy | $83,420 |
| Travel | $38,009 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79,051 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,313,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $429,170 |
| Savings and temporary cash investments | $2,019,859 |
| Pledges and grants receivable | $252,312 |
| Accounts receivable, net | $2,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $123,750 |
| Prepaid expenses and deferred charges | $11,391 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $939,015 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $194,496 |
| Total assets | $3,972,193 |
| Accounts payable and accrued expenses | $66,332 |
| Grants payable | $772,831 |
| Deferred revenue | $203,983 |
| 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 | $218,511 |
| Total liabilities | $1,261,657 |
| Net assets without donor restrictions | $934,981 |
| Net assets with donor restrictions | $1,775,555 |
| 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 | $3,972,193 |
Grants Awarded
Over the last fiscal year, Independent Colleges Of Washington has awarded $887,563 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
GONZAGA UNIVERSITY PURPOSE: SCHOLARSHIP AID | $83,677 |
HERITAGE UNIVERSITY PURPOSE: SCHOLARSHIP AID | $75,819 |
PACIFIC LUTHERAN UNIVERSITY PURPOSE: SCHOLARSHIP AID | $106,564 |
SAINT MARTIN'S UNIVERSITY PURPOSE: SCHOLARSHIP AID | $128,560 |
SEATTLE UNIVERSITY PURPOSE: SCHOLARSHIP AID | $79,795 |
SEATTLE PACIFIC UNIVERSITY PURPOSE: SCHOLARSHIP AID | $106,152 |