Whatcom Community College Foundation
- Assets
- $18.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Bellingham, WA
- Founding
- 07/1988
- Data as of
- 06/2022
- EIN
- 94-3064448
Organization Overview
Whatcom Community College Foundation is located in Bellingham, WA. The organization was established in 1988. 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. Whatcom Community 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 06/2022, Whatcom Community College Foundation generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE, SUPPORT, DEVELOP, INCREASE, AND EXTEND THE EDUCATIONAL OFFERINGS OF WHATCOM COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SUPPORT PROGRAM - PROMOTES, DEVELOPS AND INCREASES VISIBILITY OF WHATCOM COMMUNITY COLLEGE IN THE COMMUNITY AND STATEWIDE ALSO SUPPORTS EDUCATION, CREATIVITY, AND DIVERSITY ON CAMPUS.
SCHOLARSHIPS AND AWARDS PROGRAM - HELPS TO FURTHER ACADEMIC DEVELOPMENT OF STUDENTS, FACULTY, AND STAFF AT WHATCOM COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Simpson-Scott Chair | OfficerTrustee | 5 | $0 |
Tim Douglas Vice Chair | OfficerTrustee | 5 | $0 |
Bob Macisaac Treasurer | OfficerTrustee | 3 | $0 |
Ron Kleinknecht Board Director | Trustee | 0.5 | $0 |
Anne-Marie Faiola Board Director | Trustee | 0.5 | $0 |
Manny Eusebio Board Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,197,601 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,197,601 |
| Total Program Service Revenue | $781,173 |
| Investment income | $141,392 |
| 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 | $1,249 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,121,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $358,997 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,750 |
| Fees for services: Accounting | $10,434 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,000 |
| Fees for services: Investment Management | $66,702 |
| Fees for services: Other | $40,309 |
| Advertising and promotion | $0 |
| Office expenses | $609 |
| Information technology | $0 |
| 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 | $13,101 |
| Interest | $123,895 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $198,244 |
| Insurance | $3,009 |
| All other expenses | $0 |
| Total functional expenses | $1,017,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,928,231 |
| Savings and temporary cash investments | $27,398 |
| Pledges and grants receivable | $95,654 |
| 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 | $564 |
| Net Land, buildings, and equipment | $7,294,346 |
| Investments—publicly traded securities | $8,695,766 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,041,959 |
| Accounts payable and accrued expenses | $53,920 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,679,816 |
| 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 | $3,733,736 |
| Net assets without donor restrictions | $6,094,810 |
| Net assets with donor restrictions | $8,213,413 |
| 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 | $18,041,959 |