Eastern Washington University Foundation
- Assets
- $52.4m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Cheney, WA
- Founding
- 06/1978
- Data as of
- 06/2022
- EIN
- 91-1019819
Organization Overview
Eastern Washington University Foundation is located in Cheney, WA. The organization was established in 1978. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Eastern Washington University 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, Eastern Washington University Foundation generated $6.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $3.5m 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
TO RAISE AND MANAGE RESOURCES IN SUPPORT OF EASTERN WASHINGTON UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING STUDENTSFINANCIAL ASSISTANCE UNLOCKS ENORMOUS POTENTIAL BY HELPING EASTERN WASHINGTON UNIVERSITY STUDENTS GRADUATE AND ENTER THE PROFESSIONAL WORKFORCE. THE EWU FOUNDATION AWARDED 735 SCHOLARSHIPS IN 2022. WITH THIS SUPPORT, STUDENTS CAN FOCUS ON THEIR STUDIES, PROGRESS MORE QUICKLY TO THEIR DEGREES AND GRADUATE DEBT-FREE OR WITH GREATLY REDUCED DEBT.
SUPPORTING THE UNIVERSITYEWU IS STATE-ASSISTED RATHER THAN STATE-SUPPORTED WITH APPROXIMATELY 30 PERCENT OF EASTERN'S OPERATION BUDGET BEING PROVIDED BY STATE APPROPRIATIONS. FOCUSED ON DEVELOPING THE UNIVERSITY OF THE FUTURE-ONE THAT ANTICIPATES STUDENT EXPECTATIONS AS WELL AS THE NEEDS OF THE 21ST CENTURY PROFESSIONAL WORKFORCE-THE EWU FOUNDATION RIGOROUSLY FUNDRAISES TO ACCOUNT FOR A DECLINE IN STATE SUPPORT. BY WORKING TO BUILD PERMANENT ENDOWMENTS AND FUTURE GENERATIONS OF BENEFACTORS, THE EWU FOUNDATION IS TAKING STEPS TO ENSURE THAT STUDENTS AND PROGRAMS WILL RECEIVE NECESSARY FINANCIAL SUPPORT LONG INTO THE FUTURE.
SUPPORTING FACULTYTHE EWU FOUNDATION IS COMMITTED TO SUPPORTING FACULTY AND STAFF PROPOSALS THAT WILL ENHANCE THE UNIVERSITY AND ITS MISSION TO PROVIDE OPPORTUNITIES FOR STUDENT DEVELOPMENT, RESEARCH AND PARTICIPATION. THE EWU FOUNDATION AWARDS FUNDS THROUGH THE EAGLE GRANTS PROGRAM. THOSE FUNDS MADE LEARNING AND DEVELOPMENT PROGRAMS POSSIBLE IN DISCIPLINES ACROSS CAMPUS, SERVING STUDENTS AT THE HIGHEST LEVEL OF EXCELLENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barb Richey Executive Director | Officer | 20 | $197,330 |
Lance Kissler Avp Communications | Officer | 20 | $128,028 |
Laura Thayer From Oct Avp Philanthropy | Officer | 20 | $120,674 |
John Drexel From Oct Chief Budget Officer | Officer | 20 | $71,250 |
Krisann Hatch Chair | OfficerTrustee | 2 | $0 |
Richard Marll Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,608 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,013,012 |
| Noncash contributions included in lines 1a–1f | $230,219 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,022,620 |
| Total Program Service Revenue | $0 |
| Investment income | $841,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $383,644 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $257,804 |
| Net Income from Fundraising Events | $14,534 |
| Net Income from Gaming Activities | $181 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,519,839 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,007,807 |
| Grants and other assistance to domestic individuals. | $1,492,882 |
| 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 | $98,589 |
| Fees for services: Legal | $950 |
| Fees for services: Accounting | $34,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $85,215 |
| Fees for services: Investment Management | $214,262 |
| Fees for services: Other | $1,461 |
| Advertising and promotion | $19,108 |
| Office expenses | $92,101 |
| Information technology | $186,717 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,866 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,595 |
| Interest | $24,792 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,654 |
| Insurance | $42,430 |
| All other expenses | $0 |
| Total functional expenses | $3,544,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,824,267 |
| Savings and temporary cash investments | $2,263,465 |
| Pledges and grants receivable | $10,347,325 |
| 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 | $12,485 |
| Investments—publicly traded securities | $28,844,518 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,063,951 |
| Total assets | $52,356,011 |
| Accounts payable and accrued expenses | $9,827 |
| Grants payable | $4,182,075 |
| 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 | $461,034 |
| Total liabilities | $4,652,936 |
| Net assets without donor restrictions | $962,720 |
| Net assets with donor restrictions | $46,740,355 |
| 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 | $52,356,011 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Eastern Washington University Foundation has recieved totaling $53,250.
| Awarding Organization | Amount |
|---|---|
Johnston-Fix Foundation Spokane, WA PURPOSE: CHARITABLE DISTRIBUTION. | $25,000 |
The Hugh And Jane Ferguson Foundation Seattle, WA PURPOSE: ENVIRONMENTAL PROTECTION | $10,000 |
Carl M Hansen Foundation Inc Spokane, WA PURPOSE: SCHOLARSHIP. | $5,000 |
Klaue Family Foundation Spokane, WA PURPOSE: ATHLETIC DEPT GENERAL FUND | $5,000 |
Carl M Hansen Foundation Inc Spokane, WA PURPOSE: SCHOLARSHIP. | $5,000 |
Rick And Amy Magnuson Foundation Inc Los Altos, CA PURPOSE: SCHOLARSHIPS | $3,000 |
Endowment Analysis
| Beg. Balance | $33,180,438 |
| Earnings | -$4,708,479 |
| Net Contributions | $1,703,326 |
| Other Expense | $1,043,620 |
| Ending Balance | $29,131,665 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alaska Pacific University Anchorage, AK | $163,618,260 | $27,263,260 |
University Of Oregon Bookstore Inc Eugene, OR | $12,427,548 | $16,725,239 |
Warner Pacific University Portland, OR | $31,322,080 | $17,832,195 |
National University Of Natural Medicine Portland, OR | $24,174,669 | $16,800,960 |
Western Washington University Foundation Bellingham, WA | $158,845,828 | $9,863,334 |
Concordia University Portland, OR | $0 | $350,044 |
Eastern Washington University Foundation Cheney, WA | $52,356,011 | $6,519,839 |
Western Oregon University Development Foundation Monmouth, OR | $24,366,493 | $4,044,071 |
Great Northern University Spokane, WA | $523,944 | $787,424 |
Achievement Rewards For College Scientists Seattle Chapter Seattle, WA | $1,444,916 | $672,744 |
Marylhurst University Portland, OR | $68,340 | $0 |
Northwest Indian College Foundation Bellingham, WA | $7,785,899 | $1,352,551 |