Becu Foundation
- Assets
- $6.5m
- Revenue
- $1.0m
- Investments
- $6.0m
- Employees
- 0
- Location
- Tukwila, WA
- Founding
- 05/1996
- Data as of
- 12/2021
- EIN
- 91-1703337
Organization Overview
Becu Foundation is located in Tukwila, WA. The organization was established in 1996. 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. Becu 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 12/2021, Becu Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $990.6k during the year ending 12/2021. While expenses have increased by 19.4% 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.
Since 2016, Becu Foundation has awarded 613 individual grants totaling $2,265,746. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Florsheim President | 1 | $0 | |
Andrea Main Vice President | 1 | $0 | |
Roger Mauldin Treasurer | 1 | $0 | |
Denis Farmer Secretary | 1 | $0 | |
Gloria Dixon Executive Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $871,034 |
| Interest on Savings | $86 |
| Dividends & Interest | $93,778 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $59,430 |
| Capital Gain Net Income | $59,430 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,024,328 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,485 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,419 |
| Total operating and administrative expenses | $264,442 |
| Contributions, gifts, grants paid | $726,167 |
| Total expenses and disbursements | $990,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,369 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $16,955 |
| 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 | $8,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $43,157 |
| Total assets | $6,512,431 |
| Accounts payable and accrued expenses | $5,269 |
| Grants payable | $0 |
| 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 | $5,269 |
Grants Awarded
Over the last fiscal year, Becu Foundation has awarded $723,667 in support to 89 organizations.
| Grant Recipient | Amount |
|---|---|
WASHINGTON STATE OPPORTUNITY SCHOLARSHIP (WSOS) PURPOSE: SCHOLARSHIPS FOR LOW AND MIDDLE-INCOME WASHINGTON STUDENTS | $307,500 |
CENTER FOR INCLUSIVE ENTREPRENEU PURPOSE: MOMENTUM GRANTS | $50,000 |
Seattle, WA PURPOSE: MOMENTUM GRANTS | $50,000 |
Bellingham, WA PURPOSE: MOMENTUM GRANTS | $50,000 |
MERCY CORPS PURPOSE: MOMENTUM GRANTS | $50,000 |
NHAN KRISTY PURPOSE: SCHOLARSHIP | $3,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Becu Foundation has recieved totaling $657,270.
| Awarding Organization | Amount |
|---|---|
Credit Unions In The State Of Washington Tukwila, WA PURPOSE: PROVIDE ADMINISTRATIVE OPERATIONS FOR THE BECU FOUNDATION | $657,270 |
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 |