Skagit Valley College Foundation C-12 Campus Center Building
- Assets
- $25.4m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Vernon, WA
- Founding
- 03/1978
- Data as of
- 06/2023
- EIN
- 91-1012915
Organization Overview
Skagit Valley College Foundation C-12 Campus Center Building is located in Mount Vernon, WA. The organization was established in 1978. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Skagit Valley College Foundation C-12 Campus Center Building 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, Skagit Valley College Foundation C-12 Campus Center Building generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $2.4m during the year ending 06/2023. While expenses have increased by 4.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SECURE DONATIONS TO ENHANCE EDUCATION AT SKAGIT VALLEY COLLEGE THROUGH SCHOLARSHIPS, GRANTS, AND INSTITUTIONAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
$803,582 IN ACADEMIC SCHOLARSHIPS WERE AWARDED TO SKAGIT VALLEY COLLEGE STUDENTS FOR THE 2022/2023 SCHOOL YEAR. $350,071 IN PROGRAM ASSISTANCE GRANTS WERE AWARDED TO SKAGIT VALLEY COLLEGE PROGRAMS FOR THE 2022/2023 SCHOOL YEAR. SKAGIT VALLEY COLLEGE PROVIDES ACADEMIC TRANSFER AND PROFESSIONAL TECHNICAL 2-YEAR DEGREES AND CERTIFICATES IN OVER 25 FIELDS OF STUDY; MANY OF THESE DEGREES TRANSFER TO MOST WASHINGTON STATE 4-YEAR COLLEGES AND UNIVERSITIES. ADDITIONALLY, SKAGIT VALLEY COLLEGE PROVIDES 4-YEAR BACHELOR'S DEGREES IN ENVIRONMENTAL CONSERVATION AND APPLIED MANAGEMENT. FOR STUDENTS LOOKING TO BECOME COLLEGE-READY, SVC OFFERS ADULT BASIC EDUCATION COURSES AND PREP CLASSES IN MATH, ENGLISH, ENGLISH LANGUAGE ACQUISITION, GED AND MORE. SVC ALSO OPERATES BOOSTER CLUB ACTIVITIES FOR STUDENTS TO JOIN.
SKAGIT VALLEY COLLEGE FOUNDATION OPERATES CAMPUS VIEW VILLAGE, A SAFE AND INCLUSIVE STUDENT HOUSING PROGRAM ON THE NORTH-END OF THE SKAGIT VALLEY COLLEGE CAMPUS. CAMPUS VIEW VILLAGE SERVES UP TO 140 STUDENTS YEAR-ROUND TAKING COURSES AT SKAGIT VALLEY COLLEGE. THIS POPULAR PROGRAM HOUSES A LARGE NUMBER OF INTERNATIONAL STUDENTS, STUDENT ATHLETES, AND OTHERS, MAKING CAMPUS VIEW VILLAGE A DYNAMIC AND ENGAGING ADDITION TO THE SKAGIT VALLEY COLLEGE CULTURE. FOR MORE INFORMATION, VISIT WWW.SKAGIT.EDU/CVV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Allen President | OfficerTrustee | 2 | $0 |
Vhari Rust-Clark Vice-President | OfficerTrustee | 2 | $0 |
Brian Gentry Treasurer | OfficerTrustee | 1 | $0 |
Isaac Williams Secretary | OfficerTrustee | 1 | $0 |
Janie Beasley Director | Trustee | 1 | $0 |
Todd Krantz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,075 |
| Related organizations | $5,050 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,326,586 |
| Noncash contributions included in lines 1a–1f | $56,649 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,343,711 |
| Total Program Service Revenue | $770,421 |
| Investment income | $499,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $79,117 |
| Net Income from Fundraising Events | $133,030 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,969,491 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $350,071 |
| Grants and other assistance to domestic individuals. | $803,582 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,600 |
| Compensation of current officers, directors, key employees. | $45,200 |
| 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 | $21,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,443 |
| Fees for services: Other | $323,894 |
| Advertising and promotion | $0 |
| Office expenses | $14,352 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $170,012 |
| Travel | $5,368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,838 |
| Interest | $13,722 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,014 |
| Insurance | $48,439 |
| All other expenses | $35,699 |
| Total functional expenses | $2,374,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,088,600 |
| Savings and temporary cash investments | $855,094 |
| Pledges and grants receivable | $1,652 |
| Accounts receivable, net | $35,333 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $219,860 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,991,429 |
| Investments—publicly traded securities | $19,236,631 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,451 |
| Total assets | $25,435,050 |
| Accounts payable and accrued expenses | $241,927 |
| Grants payable | $19,893 |
| Deferred revenue | $57,359 |
| Tax-exempt bond liabilities | $177,849 |
| 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 | $61,770 |
| Total liabilities | $558,798 |
| Net assets without donor restrictions | $5,710,456 |
| Net assets with donor restrictions | $19,165,796 |
| 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 | $25,435,050 |