Columbia Basin College Foundation
- Assets
- $23.3m
- Revenue
- $519.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Pasco, WA
- Founding
- 12/1985
- Data as of
- 06/2023
- EIN
- 91-1307538
Organization Overview
Columbia Basin College Foundation is located in Pasco, WA. The organization was established in 1985. 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. Columbia Basin 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 06/2023, Columbia Basin College Foundation generated $519.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.5%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Columbia Basin College Foundation has awarded 24 individual grants totaling $17,098,821. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE STUDENTS OPPORTUNITIES AND SUPPORT TO ACHIEVE THEIR EDUCATIONAL GOALS AT COLUMBIA BASIN COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLUMBIA BASIN COLLEGE FOUNDATION PROVIDES SUPPORT TO CBC DEPARTMENTS AND FACULTY. FINANCIAL ASSISTANCE IS GIVEN FOR PROGRAM EQUIPMENT, CAPITAL IMPROVEMENTS, FUNDING CONFERENCE ATTENDANCE AND SKILLS COMPETITIONS, AND ORGANIZATION SPECIAL EVENTS. DURING THE 2022-2023 ACADEMIC YEAR, THE FOUNDATION PROVIDED MORE THAN 740,000 IN SUPPORT FOR CBC PROGRAMS, DEPARTMENTS, AND FACULTY.
THE COLUMBIA BASIN COLLEGE FOUNDATION SUPPORTS STUDENTS ATTENDING COLUMBIA BASIN COLLEGE THROUGH A COMPREHENSIVE SCHOLARSHIP PROGRAM. STUDENT APPLICATIONS ARE REVIEWED BY A COMMITTEE OF VOLUNTEERS AND ARE AWARDED TO MATCH DONOR INTERESTS WITH STUDENT NEED. DURING THE 2022-2023 ACADEMIC YEAR, THE FOUNDATION AWARDED 938 SCHOLARSHIPS TO QUALIFIED INDIVIDUALS.
THE COLUMBIA BASIN COLLEGE FOUNDATION SUPPORTS STUDENT ACHIEVEMENT AT COLUMBIA BASIN COLLEGE BY PROVIDING ADDITIONAL SUPPORT FOR WRAP-AROUND RESOURCES. THESE STUDENT SUPPORT PROGRAMS WERE DEVELOPED TO ASSIST STUDENTS WITH THE NON-ACADEMIC CHALLENGES THAT THEY ENCOUNTER WHILE ATTENDING COLUMBIA BASIN COLLEGE. PROGRAMS INCLUDE EMERGENCY FUNDING, THE FOOD PANTRY AND SUPPORT THROUGH THE RESOURCE AND VETERANS CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebekah Woods Board Member | Trustee | 3 | $0 |
Erin Fishburn Executive Di | Officer | 40 | $0 |
David Billetdeaux Chair | OfficerTrustee | 2 | $0 |
Melda Velasquez Vice Chair | OfficerTrustee | 1 | $0 |
Matt Backlund Treasurer | OfficerTrustee | 1 | $0 |
Douglas Christensen Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $156,004 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,165,394 |
| Noncash contributions included in lines 1a–1f | $1,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,321,398 |
| Total Program Service Revenue | $0 |
| Investment income | $456,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $140,073 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,365,455 |
| Net Income from Fundraising Events | -$45,998 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $519,408 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,892,537 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $19,183 |
| Compensation of current officers, directors, key employees. | $19,183 |
| 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 | $820 |
| Fees for services: Accounting | $60,107 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $97,678 |
| Fees for services: Other | $55,535 |
| Advertising and promotion | $18,075 |
| Office expenses | $20,271 |
| Information technology | $47,497 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,376 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,698 |
| All other expenses | $18,392 |
| Total functional expenses | $2,324,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445,792 |
| Savings and temporary cash investments | $734,386 |
| Pledges and grants receivable | $408,670 |
| 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 | $0 |
| Investments—publicly traded securities | $21,712,419 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,301,267 |
| Accounts payable and accrued expenses | $29,036 |
| 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 | $29,036 |
| Net assets without donor restrictions | $2,624,205 |
| Net assets with donor restrictions | $20,648,026 |
| 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 | $23,301,267 |
Grants Awarded
Over the last fiscal year, Columbia Basin College Foundation has awarded $1,892,537 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA BASIN COLLEGE PURPOSE: SCHOLARSHIPS | $1,170,045 |
COLUMBIA BASIN COLLEGE PURPOSE: PROGRAM SUPPORT | $722,492 |