Lower Columbia College Foundation
- Assets
- $25.4m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Longview, WA
- Founding
- 12/1976
- Data as of
- 06/2023
- EIN
- 91-0975957
Organization Overview
Lower Columbia College Foundation is located in Longview, WA. The organization was established in 1976. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Lower Columbia College 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 06/2023, Lower Columbia College Foundation generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 3.1% per year over the past 8 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 2016, Lower Columbia College Foundation has awarded 34 individual grants totaling $4,353,865. 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
LOWER COLUMBIA COLLEGE FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL SUPPORT WHERE PUBLIC FUNDS ARE NOT SUFFICIENT, AND TO GATHER PUBLIC SUPPORT FOR THE ENHANCEMENT OF EDUCATIONAL OPPORTUNITIES AT LOWER COLUMBIA COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOWER COLUMBIA FOUNDATION OPERATES A SCHOLARSHIP PROGRAM TO ASSIST STUDENTS WITH THE COSTS ASSOCIATED WITH HIGHER EDUCATION; INCLUDING TUITION, FEES, TEXT BOOKS, SUPPLIES AND RELATED EDUCATIONAL EXPENSES. SCHOLARSHIP CRITERIA ARE DETERMINED BY SCHOLARSHIP DONORS IN KEEPING WITH THE POLICIES OF THE FOUNDATION AND LOWER COLUMBIA COLLEGE.
LOWER COLUMBIA COLLEGE FOUNDATION FOSTERS EXCELLENCE IN TEACHING AND LEARNING AND PROMOTES THE CONTINUAL DEVELOPMENT OF CHALLENGING EDUCATIONAL PROGRAMS ACCROSS THE CURRICULUM THROUGH THE PROVISION OF GRANTS TO FACULTY AND STAFF. EXAMPLES OF GRANT-FUNDED INITIATIVES INCLUDES: RESEARCH PROJECTS; CURRICULUM DEVELOPMENT AND EXPANSION OF COURSE OFFERINGS; PROFESSIONAL DEVELOPMENT INSTITUTES AND CONFERENCES; LECTURES; EVENTS AND AWARDS.
LOWER COLUMBIA COLLEGE FOUNDATION PROVIDES SUPPORT FOR AN ARRAY OF INSTRUCTIONAL PROGRAM AND COLLEGE DEPARTMENTS. FOUNDATION DONORS MAY DIRECT THEIR DONATIONS TO SUPPORT SPECIFIC PROGRAMS. FOUNDATION FUNDING SUPPORT SERVICES TO STUDENTS, INSTRUCTIONAL ACTIVITIES, AND THE PROVISION OF A PHYSICAL ENVIRONMENT THAT BEST SUPPORTS THE EDUCTIONAL, SAFETY, AESTHETIC, AND SERVICE NEEDS OF OUR STUDENTS, STAFF AND COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Bailey Lcc President | Trustee | 1.54 | $0 |
Kendra Sprague Executive Director | OfficerTrustee | 16 | $0 |
Robbie Alba-Estrada Director | Trustee | 0.81 | $0 |
Rick Arkell Director | Trustee | 0.69 | $0 |
Joanna Asplund Director | Trustee | 0.23 | $0 |
Liz Cattin Trustee Liason | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,110 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,570,850 |
| Noncash contributions included in lines 1a–1f | $321,645 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,575,960 |
| Total Program Service Revenue | $0 |
| Investment income | $681,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,931 |
| Net Income from Fundraising Events | -$4,755 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,282,808 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $766,414 |
| 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. | $68,910 |
| Compensation of current officers, directors, key employees. | $13,782 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,189 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,630 |
| Payroll taxes | $21,330 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $88,111 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,098 |
| Office expenses | $81,908 |
| Information technology | $40,418 |
| 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 | $10,160 |
| Insurance | $3,346 |
| All other expenses | $0 |
| Total functional expenses | $1,763,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,632,306 |
| Savings and temporary cash investments | $60,724 |
| Pledges and grants receivable | $1,255,020 |
| 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 | $917 |
| Net Land, buildings, and equipment | $47,559 |
| Investments—publicly traded securities | $22,425,620 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,422,146 |
| Accounts payable and accrued expenses | $63,225 |
| 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 | $63,225 |
| Net assets without donor restrictions | $3,981,328 |
| Net assets with donor restrictions | $21,377,593 |
| 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 | $25,422,146 |
Grants Awarded
Over the last fiscal year, Lower Columbia College Foundation has awarded $766,414 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LOWER COLUMBIA COLLEGE PURPOSE: EQUIPMENT AND MATERIALS - SUPPORT FOR PROGRAMS | $80,877 |
LOWER COLUMBIA COLLEGE PURPOSE: GRANTS - FINANCIAL AID | $54,828 |
LOWER COLUMBIA COLLEGE PURPOSE: SCHOLARSHIPS - FINANCIAL AID | $546,101 |
LOWER COLUMBIA COLLEGE PURPOSE: GRANTS - SUPPORT STAFF | $60,508 |
LOWER COLUMBIA COLLEGE PURPOSE: ART CONTRIBUTED TO COLLEGE | $24,100 |