Edmonds Community College Foundation
- Assets
- $8.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Lynnwood, WA
- Founding
- 09/1983
- Data as of
- 06/2022
- EIN
- 91-1186554
Organization Overview
Edmonds Community College Foundation is located in Lynnwood, WA. The organization was established in 1983. 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. Edmonds 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 06/2022, Edmonds Community College Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 15.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ACCESS, SUCCESS AND EXCELLENCE FOR STUDENTS, FACULTY AND STAFF AT EDMONDS COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS - SUPPORTED 146 UNDERSERVED AND DESERVING STUDENTS TO ENABLE THEM TO ACHIEVE THEIR EDUCATIONAL GOALS.
COLLEGE PROGRAM SUPPORT - SUPPORT OF VARIOUS INSTRUCTIONAL PROGRAMS AT EDMONDS COLLEGE FOR INSTRUCTION, SCHOLARSHIPS AND ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Carnes Interim Exec Director (until 01/2022) | Officer | 19 | $0 |
Tom Bull Executive Director (started 01/2022) | Officer | 19 | $0 |
Maria Montalvo Chair | OfficerTrustee | 2 | $0 |
Bob Terwilliger Vice Chair | OfficerTrustee | 2 | $0 |
Dale Terwedo Treasurer | OfficerTrustee | 2 | $0 |
Libby Lewis Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $228 |
| Membership dues | $0 |
| Fundraising events | $373,086 |
| Related organizations | $0 |
| Government grants | $303,885 |
| All other contributions, gifts, grants, and similar amounts not included above | $754,161 |
| Noncash contributions included in lines 1a–1f | $5,059 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,431,360 |
| Total Program Service Revenue | $0 |
| Investment income | $150,970 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,946 |
| Net Income from Fundraising Events | -$68,729 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,561,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $975,163 |
| Grants and other assistance to domestic individuals. | $268,373 |
| 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 | $12,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,941 |
| Fees for services: Other | $64,579 |
| Advertising and promotion | $4,205 |
| Office expenses | $3,689 |
| Information technology | $20,505 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,408 |
| 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 | $3,283 |
| All other expenses | $0 |
| Total functional expenses | $1,636,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,455,450 |
| Pledges and grants receivable | $206,655 |
| Accounts receivable, net | $934 |
| 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 | $5,767 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,940,492 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $865,494 |
| Total assets | $8,474,792 |
| Accounts payable and accrued expenses | $51,466 |
| 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 | $51,466 |
| Net assets without donor restrictions | $1,896,963 |
| Net assets with donor restrictions | $6,526,363 |
| 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 | $8,474,792 |