South Seattle Community College Foundation
- Assets
- $21.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 01/1982
- Data as of
- 12/2022
- EIN
- 91-1122981
Organization Overview
South Seattle Community College Foundation is located in Seattle, WA. The organization was established in 1982. According to its NTEE Classification (B41) the organization is classified as: Two-Year 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. South Seattle Community 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 12/2022, South Seattle Community College Foundation generated $1.3m 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 (5.9%) each year. All expenses for the organization totaled $694.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, South Seattle Community College Foundation has awarded 146 individual grants totaling $3,891,974. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SOUTH SEATTLE COLLEGE FOUNDATION'S MISSION IS TO CHANGE LIVES BY PROVIDING STUDENTS WITH SCHOLARSHIPS SO THEY CAN PURSUE QUALITY ACADEMIC AND VOCATIONAL EDUCATION. WE DO THIS THROUGH RELATIONSHIP BUILDING, FUNDRAISING AND STEWARDING RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SUCCESS AND RETENTIONONE OF THE TOP PRIORITIES FOR SOUTH SEATTLE COLLEGE FOUNDATION IS TO PROVIDE SUPPORT FOR THE COLLEGE TO ENCOURAGE STUDENT SUCCESS, RETENTION, COMPLETION AND ACADEMIC TRANSFER. DURING 2022, THE FOUNDATION PROVIDED SCHOLARSHIPS AND OTHER SUPPORT TO 267 UNIQUE STUDENTS.
STRATEGIC SUPPORT FOR COLLEGE PROGRAMSSOUTH SEATTLE COLLEGE FOUNDATION RAISES FUNDS AND RECEIVES CONTRIBUTIONS FOR SPECIFIC COLLEGE PROGRAMS AND PROVIDES ASSISTANCE WITH THE DEVELOPMENT OF NEW COLLEGE INITIATIVES. IN 2022, THE FOUNDATION PROVIDED SUPPORT FOR VARIOUS PROGRAMS INLCUDING SUSTAINABLE BUILDING SCIENCE TECHNOLOGY AND HORTICULTURE/LANDSCAPING. IN ADDITION, THE FOUNDATION PROVIDED FUNDS FOR INSTRUCTIONAL EQUIPMENT FOR THE CULINARY PROGRAM.
COLLEGE SUPPORT AND COMMUNITY RELATIONSSOUTH SEATTLE COLLEGE FOUNDATION ASSISTS THE COLLEGE WITH BUILDING COMMUNITY RELATIONSHIPS AND AWARENESS AS WELL AS IMPROVING INFRASTRUCTURE AND FACULTY SKILLS. IN 2022 THE FOUNDATION PROVIDED FUNDING FOR FACULTY TO DEVELOP NEW CURRICULA, STAFF TO ATTEND COLLEGE EVENTS, AND SUPPORTED FACULTY ATTENDANCE AT PROFESSIONAL CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Arnold Director | Trustee | 1 | $0 |
Walter Reese Chair | OfficerTrustee | 1 | $0 |
Elizabeth Hedlund Treasurer | OfficerTrustee | 1 | $0 |
Marjorie Alhadeff Director | Trustee | 1 | $0 |
Jill Cooke Director | Trustee | 1 | $0 |
Hamilton Gardiner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $260,412 |
| Noncash contributions included in lines 1a–1f | $7,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $260,412 |
| Total Program Service Revenue | $0 |
| Investment income | $526,034 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $553,813 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,340,259 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,911 |
| Grants and other assistance to domestic individuals. | $361,701 |
| 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 | $65,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $92,101 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,808 |
| Information technology | $18,830 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $664 |
| 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 | $2,145 |
| All other expenses | $0 |
| Total functional expenses | $694,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,895 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $36,690 |
| 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 | $1,876 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $21,766,456 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,839,917 |
| Accounts payable and accrued expenses | $9,463 |
| Grants payable | $323,520 |
| 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 | $332,983 |
| Net assets without donor restrictions | $8,480,889 |
| Net assets with donor restrictions | $13,026,045 |
| 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 | $21,839,917 |
Grants Awarded
Over the last fiscal year, South Seattle Community College Foundation has awarded $1,392,882 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
BELLEVUE COLLEGE FOUNDATION PURPOSE: SCHOLARSHIPS | $10,000 |
CASCADIA COLLEGE FOUNDATION PURPOSE: SCHOLARSHIPS | $10,000 |
CENTRALIA COLLEGE FOUNDATION PURPOSE: SCHOLARSHIPS | $10,000 |
CLARK COLLEGE FOUNDATION PURPOSE: SCHOLARSHIPS | $10,000 |
CLOVER PARK TECHNICAL COLLEGE FOUNDATION PURPOSE: SCHOLARSHIPS | $10,000 |
COLUMBIA BASIN COLLEGE FOUNDATION PURPOSE: SCHOLARSHIPS | $10,000 |