Cascadia College Foundation
- Assets
- $2.5m
- Revenue
- $678.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Bothell, WA
- Founding
- 03/2000
- Data as of
- 06/2020
- EIN
- 91-1986593
Organization Overview
Cascadia College Foundation is located in Bothell, WA. The organization was established in 2000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Cascadia 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION ACHIEVES ITS MISSION BY PROVIDING DIRECT SUPPORT TO CASCADIA'S STUDENTS IN THE FORM OF SCHOLARSHIPS, GRANTS, LOANS, AND OTHER EDUCATION-RELATED FINANCIAL ASSISTANCE AND ALSO FUNDS A PORTION OF THE COLLEGE'S OUTREACH AND COMMUNITY ENGAGEMENT EFFORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SCHOLARSHIPS: AWARD ANNUALLY FUNDED, ENDOWMENT FUNDED, BOARD AND GRANT FUNDED SCHOLARSHIPS TO 95 STUDENTS.
STUDENT GRANTS AND VOUCHERS: FUND EMERGENCY GRANTS, TRANSPORTION AND GED TESTING, AND BOOKSTORE EXPENSES FOR 116 STUDENTS.
EDUCATIONAL-RELATED FINANCIAL ASSISTANCE FOR STUDENTS: SUPPORT STUDENTS, FACULTY, AND STAFF THROUGH COMMUNITY OUTREACH AND KEY COLLEGE PROGRAMS - INCLUDING SUPPORT FOR THE CENTER FOR CULTURE AND INCLUSION AND CAMPUS FOOD PANTRY; EMPLOYEE RECOGNITION AWARDS TO 7 EMPLOYEES; INTERNATIONAL PROGRAMS HOSTING AND COMMUNITY DEVELOPMENT FUNDING; AND COLLEGE PRESIDENT'S DISCRETIONARY FUNDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Lee President | OfficerTrustee | 5 | $0 |
Alex Degolia Vice President | OfficerTrustee | 2 | $0 |
Grete Schultz Secretary | OfficerTrustee | 2 | $0 |
Kelly Snyder Treasurer | OfficerTrustee | 2 | $0 |
Mark Collins Director | Officer | 40 | $0 |
Roy Captain Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $649,458 |
| Investment income | $8,547 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $678,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $120,554 |
| 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 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 | $13,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,890 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,488 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,152 |
| All other expenses | $0 |
| Total functional expenses | $178,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390,306 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,275 |
| 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 |
| Investments—publicly traded securities | $2,139,537 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,544,118 |
| Accounts payable and accrued expenses | $8,085 |
| Grants payable | $93,096 |
| 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 | $101,181 |
| 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 |
| Total liabilities and net assets/fund balances | $2,442,937 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Cascadia College Foundation has recieved totaling $33,996.
| Awarding Organization | Amount |
|---|---|
Denver Foundation Denver, CO PURPOSE: THE RICHARD E. DAKIN CYBERSECURITY SCHOLARSHIP | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $8,924 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $72 |
Endowment Analysis
| Beg. Balance | $2,037,443 |
| Earnings | $529,937 |
| Net Contributions | $68,260 |
| Grants | $6,454 |
| Ending Balance | $2,629,186 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U Of O Foundation Supporting Organization Eugene, OR | $394,248,848 | $33,595,955 |
Boise State University Foundation Inc Boise, ID | $181,429,408 | $23,699,772 |
University Of Idaho Foundation Inc Moscow, ID | $461,396,601 | $57,102,014 |
Portland State University Foundation Portland, OR | $160,720,485 | $33,116,092 |
University Of Alaska Foundation Anchorage, AK | $433,420,168 | $30,048,910 |
Idaho State University Foundation Inc Pocatello, ID | $103,380,553 | $14,176,900 |
Choice Regional Health Network Olympia, WA | $24,377,222 | $13,582,793 |
Housing Northwest Inc Portland, OR | $58,641,349 | $5,917,895 |
Seattle Public Library Foundation Seattle, WA | $96,431,810 | $10,213,683 |
Clark Community College District 14 Foundation Vancouver, WA | $121,917,031 | $11,491,033 |
Central Washington University Foundation Ellensburg, WA | $48,919,247 | $7,605,095 |
Green River College Foundation Auburn, WA | $36,981,286 | $4,351,003 |