Western Washington University Foundation
- Assets
- $158.8m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Bellingham, WA
- Founding
- 10/1967
- Data as of
- 06/2021
- EIN
- 91-6073519
Organization Overview
Western Washington University Foundation is located in Bellingham, WA. The organization was established in 1967. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Western Washington University 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 06/2021, Western Washington University Foundation generated $9.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $9.3m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WESTERN WASHINGTON UNIVERSITY FOUNDATION IS A NON-PROFIT, PUBLIC 501(C)(3) CORPORATION THAT EXISTS TO ENCOURAGE, SECURE AND STEWARD PRIVATE FINANCIAL RESOURCES THAT SUPPORT THE ACADEMIC MISSION OF WESTERN WASHINGTON UNIVERSITY.
Describe the Organization's Program Activity:
HIGHER EDUCATION: PROVIDE OTHER PROGRAM SERVICES TO WESTERN WASHINGTON UNIVERSITY TO INCLUDE EQUIPMENT PURCHASES, FACULTY AND STUDENT TRAVEL, CONFERENCES, HONORARIA, SUPPLIES, AND OTHER.
HIGHER EDUCATION: 1,263 SCHOLARSHIPS AWARDED TO INDIVIDUAL STUDENTS.
HIGHER EDUCATION: GRANT GIFTS OF IN-KIND PROPERTY RECEIVED FOR WESTERN WASHINGTON UNIVERSITY TO INCLUDE COMPUTER HARDWARE AND SOFTWARE, TECHNICAL EQUIPMENT, ART COLLECTIONS AND GALLERY, LIBRARY ADDITIONS AND OTHER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Szymanowski Associate Vice President | 40 | $154,899 | |
Stephanie Bowers President And CEO | Officer | 26 | $151,284 |
Mark Brovak Vp/cfo | Officer | 12 | $43,087 |
Sydney Hunsdale Chair | OfficerTrustee | 4 | $0 |
Rick Anderson Treasurer | OfficerTrustee | 4 | $0 |
Andrea Sturm Vice Chair | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Russell Investments Investment Management Fees | 6/29/21 | $488,374 |
Mclennan Design Inc Building Design Consultation | 6/29/21 | $265,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $110,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,543,829 |
| Noncash contributions included in lines 1a–1f | $702,599 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,653,829 |
| Total Program Service Revenue | $1,712,913 |
| Investment income | $93,016 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,920 |
| Net Gain/Loss on Asset Sales | $373,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,863,334 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,294,251 |
| Grants and other assistance to domestic individuals. | $2,681,938 |
| 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 | $1,226,985 |
| 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 | $49,567 |
| Fees for services: Accounting | $35,397 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $489,516 |
| Fees for services: Other | $512,116 |
| Advertising and promotion | $187,290 |
| Office expenses | $299,494 |
| Information technology | $195,942 |
| Royalties | $0 |
| Occupancy | $138,462 |
| Travel | $22,777 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $108,031 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,248 |
| Insurance | $35,445 |
| All other expenses | $0 |
| Total functional expenses | $9,291,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,197,289 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,709,748 |
| Accounts receivable, net | $779 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $125,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $451,904 |
| Investments—publicly traded securities | $139,609,269 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,751,839 |
| Total assets | $158,845,828 |
| Accounts payable and accrued expenses | $114,502 |
| Grants payable | $0 |
| Deferred revenue | $180,960 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $17,437,332 |
| 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 | $314,075 |
| Total liabilities | $18,046,869 |
| Net assets without donor restrictions | $32,602,813 |
| Net assets with donor restrictions | $108,196,146 |
| 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 | $158,845,828 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Western Washington University Foundation has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Greer-Solien Fund Wilmington, DE PURPOSE: SALISH SEA INSTITUTE | $150,000 |
Endowment Analysis
| Beg. Balance | $76,684,444 |
| Earnings | $22,990,232 |
| Net Contributions | $2,983,930 |
| Other Expense | $6,391,904 |
| Ending Balance | $96,266,702 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alaska Pacific University Anchorage, AK | $163,618,260 | $27,263,260 |
University Of Oregon Bookstore Inc Eugene, OR | $12,427,548 | $16,725,239 |
Warner Pacific University Portland, OR | $31,322,080 | $17,832,195 |
National University Of Natural Medicine Portland, OR | $24,174,669 | $16,800,960 |
Western Washington University Foundation Bellingham, WA | $158,845,828 | $9,863,334 |
Concordia University Portland, OR | $0 | $350,044 |
Eastern Washington University Foundation Cheney, WA | $52,356,011 | $6,519,839 |
Western Oregon University Development Foundation Monmouth, OR | $24,366,493 | $4,044,071 |
Great Northern University Spokane, WA | $523,944 | $787,424 |
Achievement Rewards For College Scientists Seattle Chapter Seattle, WA | $1,444,916 | $672,744 |
Marylhurst University Portland, OR | $68,340 | $0 |
Northwest Indian College Foundation Bellingham, WA | $7,785,899 | $1,352,551 |