Evergreen State College Foundation
- Assets
- $27.1m
- Revenue
- $3.0m
- Investments
- $18.3m
- Employees
- 0
- Location
- Olympia, WA
- Founding
- 01/1977
- Data as of
- 06/2022
- EIN
- 91-0981488
Organization Overview
Evergreen State College Foundation is located in Olympia, WA. The organization was established in 1977. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. Evergreen State 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 06/2022, Evergreen State College Foundation generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. 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
WE ARE DEDICATED TO BUILDING AN OUTSTANDING FUTURE FOR THE EVERGREEN STATE COLLEGE BY RAISING PRIVATE GIFTS FROM OUR REMARKABLE DONORS. PRIVATE GIFTS FUND STUDENT AID, PROGRAMS, AND CRITICAL NEEDS THROUGHOUT THE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT AIDEVERGREEN HAS A LONG TRADITION OF SERVING A DIVERSE POPULATION OF STUDENTS. AS OF FALL 2022, ALMOST 20% STUDENTS ARE THE FIRST IN THEIR FAMILY TO GO TO COLLEGE. ROUGHLY THREE QUARTERS OF EVERGREEN'S STUDENTS RECEIVE FINANCIAL AID AND 30% HAVE INCOMES BELOW THE FEDERAL POVERTY LEVEL. SCHOLARSHIPS AND FELLOWSHIPS HELP EVERGREEN STUDENTS STAY IN SCHOOL, EARN THEIR DEGREES, AND MAKE A POSITIVE IMPACT IN THEIR COMMUNITIES. IN THE 2021-2022 ACADEMIC YEAR, 266 STUDENTS RECEIVED DONOR-FUNDED SCHOLARSHIPS AND 24 STUDENTS RECEIVED EMERGENCY AID TO ASSIST WITH EXPENSES FROM UNEXPECTED EMERGENCIES.
ACADEMIC SUPPORT, RESEARCH, AND OTHER COLLEGE SUPPORT.THE FOUNDATION PROVIDES SUPPORT TO THE COLLEGE THAT ADDS EXCELLENCE TO THE EVERGREEN EDUCATIONAL EXPERIENCE. FOUNDATION SUPPORT FOR THE COLLEGE BOLSTERS A VARIETY OF PROGRAMS, INCLUDING LAUNCHING THE NEW CENTER FOR CLIMATE SUSTAINABILITY AND CHANGE, FACULTY PROFESSIONAL DEVELOPEMENT AND RESEARCH, THE KAOS RADIO STATION, THE LIBRARY, THE EVERGREEN STUDENT CIVIC ENGAGEMENT INSTITUTE, ENTREPRENEURSHIP, PATHS CURRICULUM PLANNING REFORM, LECTURE SERIES, AND THE CENTER FOR CREATIVE AND APPLIED MEDIA.
PUBLIC SERVICE CENTERS.IN DEMONSTRATION OF EVERGREEN'S STRONG COMMITMENT TO GIVE BACK TO THE COMMUNITIES IT SERVES, THE COLLEGE CURRENTLY OPERATES PUBLIC SERVICE CENTERS INCLUDING THE LONGHOUSE EDUCATION AND CULTURAL CENTER, THE CENTER FOR COMMUNITY-BASED LEARNING AND ACTION, THE WASHINGTON CENTER FOR IMPROVING UNDERGRADUATE EDUCATION, AND THE SUSTAINABILITY IN PRISIONS PROJECT. THE FOUNDATION SUPPORTS THESE PUBLIC SERVICE CENTERS BY SECURING AND ADMINISTERING PRIVATE GIFTS INCLUDING GRANTS TO ENHANCE THEIR PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Macewan Chair | OfficerTrustee | 1 | $0 |
Chris Meserve Past Chair | OfficerTrustee | 1 | $0 |
Adam Sachs Secretary | OfficerTrustee | 1 | $0 |
Dave Kohler Treasurer | OfficerTrustee | 1 | $0 |
Chris Meyers Vice Chair | OfficerTrustee | 1 | $0 |
Ben Anderson Chair Audit Committee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $363,274 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,936,695 |
| Noncash contributions included in lines 1a–1f | $434,644 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,299,969 |
| Total Program Service Revenue | $0 |
| Investment income | $594,726 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$78,038 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,044,298 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,006,914 |
| Grants and other assistance to domestic individuals. | $792,880 |
| 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 | $21,552 |
| Office expenses | $2,905 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,634 |
| Travel | $8,456 |
| 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 | $0 |
| All other expenses | $28,339 |
| Total functional expenses | $3,263,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,681,728 |
| Pledges and grants receivable | $1,924,936 |
| 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 | $486,298 |
| Investments—other securities | $18,309,215 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $693,375 |
| Total assets | $27,095,552 |
| Accounts payable and accrued expenses | $50,895 |
| 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 | $50,895 |
| Net assets without donor restrictions | $2,818,043 |
| Net assets with donor restrictions | $24,226,614 |
| 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 | $27,095,552 |