College Spark Washington
- Assets
- $104.7m
- Revenue
- $3.2m
- Investments
- $101.0m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 11/1983
- Data as of
- 09/2022
- EIN
- 91-1215725
Organization Overview
College Spark Washington is located in Seattle, WA. The organization was established in 1983. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. College Spark Washington 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 09/2022, College Spark Washington generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $5.1m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (12.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, College Spark Washington has awarded 184 individual grants totaling $15,362,836. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Brown Executive Director | 48 | $261,281 | |
Heather Gingerich Director Of Strategi | 40 | $181,008 | |
Rachel Clements Program Officer | 40 | $112,194 | |
Thai Craig Communications Offic | 40 | $88,130 | |
Meuy Saephanh Office Manager | 40 | $86,541 | |
Kris Lambright Chief Financial Officer | 20 | $84,515 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tiedemann Advisors Llc | 9/29/22 | $123,527 |
Verus Investments | 9/29/22 | $55,417 |
Clark Nuber Ps | 9/29/22 | $55,277 |
The Berc Group | 9/29/22 | $168,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,982 |
| Dividends & Interest | $3,097,977 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $129,060 |
| Capital Gain Net Income | $824,605 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,230,019 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $345,796 |
| Other employee salaries and wages | $500,376 |
| Pension plans, employee benefits | $187,430 |
| Interest | $0 |
| Taxes | $99,824 |
| Depreciation | $0 |
| Occupancy | $101,326 |
| Travel, conferences, and meetings | $18,267 |
| Printing and publications | $248 |
| Other expenses | $85,143 |
| Total operating and administrative expenses | $2,066,694 |
| Contributions, gifts, grants paid | $3,066,074 |
| Total expenses and disbursements | $5,132,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $547,675 |
| Savings and temporary cash investments | $3,129,717 |
| Net Accounts receivable | $200 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $45,633 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $25,780,539 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,248 |
| Total assets | $104,693,147 |
| Accounts payable and accrued expenses | $278,362 |
| Grants payable | $134,801 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $413,163 |
Grants Awarded
Over the last fiscal year, College Spark Washington has awarded $3,490,978 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
EDUCATION NORTHWEST PURPOSE: LEA2096 LEADER COMMUNITY OF PRACTICE | $250,000 |
Deer Park, WA PURPOSE: SDF2105 PARENTS AND SCHOOLS PARTNERING FOR GOOD FUTURES | $230,000 |
PUGET SOUND EDUCATIONAL SERVICE DISTRICT (PSESD) PURPOSE: LEA2095 LEADER PLANNING GRANT | $200,000 |
STATE BOARD FOR COMMUNITY AND TECHNICAL COLLEGES PURPOSE: HEI1950 GUIDED PATHWAYS | $147,500 |
Seattle, WA PURPOSE: EEF2092 CENTERING STUDENT EXPERIENCE FOR ANTI-RACIST LEADERSHIP DEVELOPMENT | $100,000 |
Tacoma, WA PURPOSE: OAF2063 OAF2063 REDESIGNING COLLEGE LEVEL ENGLISH TO IMPROVE STUDENT OUTCOMES AND CLOSE EQUITY GAPS (2 OF 3) | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
College Spark Washington Seattle, WA | $104,693,147 | $3,230,019 |
Idaho Association For The Education Of Young Children Boise, ID | $1,636,700 | $5,141,669 |
Pwh Educational Foundation Inc Spokane, WA | $62,473,304 | $11,260,767 |
Arctic Education Foundation Anchorage, AK | $36,876,877 | $4,892,952 |
College Dreams Inc Grants Pass, OR | $2,542,440 | $3,694,638 |
Calista Education And Culture Inc Anchorage, AK | $4,627,713 | $2,487,452 |
Kmr Group Foundation Vancouver, WA | $32,236,591 | $1,808,486 |
Aleut Foundation Anchorage, AK | $925,739 | $1,724,058 |
R Merle Palmer Minority Scholarship Foundation Tacoma, WA | $1,801,300 | $1,443,994 |
Greater Seattle Business Assoc Scholarship Fund Seattle, WA | $4,889,386 | $1,584,416 |
One Ummah Foundation In Memory Of Mustafa Saeed Rahman Lake Oswego, OR | $1,906,238 | $1,873,006 |