North Thurston Education Foundation
- Assets
- $2.3m
- Revenue
- $473.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Lacey, WA
- Founding
- 04/1994
- Data as of
- 07/2023
- EIN
- 91-1433235
Organization Overview
North Thurston Education Foundation is located in Lacey, WA. The organization was established in 1994. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. North Thurston Education 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 07/2023, North Thurston Education Foundation generated $473.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $767.8k during the year ending 07/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE EDUCATIONAL OPPORTUNITIES AND EDUCATIONAL EXCELLENCE FOR STUDENTS OF THE NORTH THURSTON PUBLIC SCHOOLS (NTPS).
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM AWARDS ARE MADE YEARLY TO HIGH SCHOOL GRADUATES TO FURTHER THEIR EDUCATION IN COLLEGES, UNIVERSITIES OR POST-SECONDARY INSTITUTIONS. SIXTY-FOUR SCHOLARSHIPS WERE AWARDED IN 2023, SIXTEEN WERE RENEWALS FOR MULTI-YEAR SCHOLARSHIPS.
GRANTS MADE TO SCHOOLS IN THE NORTH THURSTON PUBLIC SCHOOLS TO BE USED FOR NEEDY STUDENTS TO ASSIST IN MEETING SCHOOL REQUIREMENTS AND SOME PERSONAL NEEDS INCIDENTIAL TO THEIR OBTAINING AN EDUCATION. GRANTS CONTINUE TO INCLUDE RENT/UTILITIES, FOOD AND TOILETRY CLOSETS IN MIDDLE AND HIGH SCHOOLS TO PROVIDE FOODS AND OTHER ITEMS FOR HOMELESS STUDENTS AND OTHERS IN NEED.
LEARNING IMPROVEMENT GRANTS MADE TO EDUCATORS TO ENCOURAGE INSTRUCTIONAL INNOVATION AND IMPROVEMENT IN STUDENT LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blake Knoblauch President | OfficerTrustee | 5 | $0 |
Beth Utto-Galarneau Vice President | OfficerTrustee | 5 | $0 |
Andy Miller Vice President | OfficerTrustee | 4 | $0 |
Jerry Long Treasurer | OfficerTrustee | 5 | $0 |
Becky Carver Member At Large | Trustee | 2 | $0 |
Robert Almada Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $37,348 |
| Membership dues | $0 |
| Fundraising events | $3,535 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $233,077 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,960 |
| Total Program Service Revenue | $0 |
| Investment income | $63,073 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,607 |
| Net Income from Fundraising Events | $94,721 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $473,361 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $86,875 |
| Grants and other assistance to domestic individuals. | $509,762 |
| 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 | $98,476 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,239 |
| Payroll taxes | $8,918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,858 |
| Fees for services: Other | $11,950 |
| Advertising and promotion | $0 |
| Office expenses | $747 |
| Information technology | $4,403 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $2,016 |
| All other expenses | $115 |
| Total functional expenses | $767,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,148 |
| Savings and temporary cash investments | $1,209 |
| Pledges and grants receivable | $0 |
| 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 | $2,205,213 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,330,570 |
| Accounts payable and accrued expenses | $1,954 |
| 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 | $1,954 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $2,328,616 |
| Total liabilities and net assets/fund balances | $2,330,570 |
Grants Awarded
Over the last fiscal year, North Thurston Education Foundation has awarded $79,875 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALL KIDS WIN PURPOSE: TO SUPPORT LOCAL CHARITY FUNDING WEEKEND FOOD BAGS TO SCHOOL STUDENTS. | $9,875 |
TOGETHER PURPOSE: TO SUPPORT TO LOCAL CHARITY ADVANCING THE HEALTH AND WELL-BEING OF YOUNG PEOPLE. | $70,000 |