Civic Intelligence

Lake Whatcom Center Foundation

990 • Fiscal year 2015 • EIN 20-3209113

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 15, 2016

609 North Shore Drive Suite ABellingham, WA 98226-4414

(360) 676-6000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

33rd percentile

0.12x

Higher debt load relative to revenue than 33% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

92nd percentile

52%

Higher net margin than 92% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

60th percentile

3.5%

Faster asset growth than 60% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

30th percentile

-3.2%

Faster revenue growth than 30% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$14,954,601

Up $507,392 (+3.5%) from 2014

Net Assets

Up

$14,811,725

Up $374,136 (+2.6%) from 2014

Liabilities

Up

$142,876

Up $133,256 (+1385%) from 2014

Revenue

Down

$1,151,820

Down $38,094 (-3.2%) from 2014

Expenses

Up

$553,304

Up $108,221 (+24%) from 2014

Net Income

Down

$598,516

Down $146,315 (-20%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $10,411,818Liabilities 2011: $0Net Assets 2011: $10,411,8182011Assets 2012: $11,990,789Liabilities 2012: $0Net Assets 2012: $11,990,7892012Assets 2013: $12,966,645Liabilities 2013: $0Net Assets 2013: $12,966,6452013Assets 2014: $14,447,209Liabilities 2014: $9,620Net Assets 2014: $14,437,5892014Assets 2015: $14,954,601Liabilities 2015: $142,876Net Assets 2015: $14,811,7252015Assets 2016: $15,853,575Liabilities 2016: $620,230Net Assets 2016: $15,233,3452016Assets 2017: $17,426,918Liabilities 2017: $796,392Net Assets 2017: $16,630,5262017Assets 2018: $17,784,120Liabilities 2018: $587,195Net Assets 2018: $17,196,9252018Assets 2019: $19,902,585Liabilities 2019: $1,593,136Net Assets 2019: $18,309,4492019Assets 2020: $21,182,824Liabilities 2020: $2,361,275Net Assets 2020: $18,821,5492020Assets 2021: $22,118,851Liabilities 2021: $2,261,436Net Assets 2021: $19,857,4152021Assets 2022: $23,035,665Liabilities 2022: $3,404,489Net Assets 2022: $19,631,1762022Assets 2023: $27,286,348Liabilities 2023: $7,329,584Net Assets 2023: $19,956,7642023Assets 2024: $28,519,401Liabilities 2024: $7,071,449Net Assets 2024: $21,447,9522024Assets 2025: $31,493,304Liabilities 2025: $9,777,241Net Assets 2025: $21,716,0632025

Highlighted filing

2015

Assets$14,954,601
Liabilities$142,876
Net Assets$14,811,725

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0Expenses 2011: $347,3012011Revenue 2012: $2,235,273Expenses 2012: $316,730Net Income 2012: $1,918,5432012Expenses 2013: $446,3682013Revenue 2014: $1,189,914Expenses 2014: $445,083Net Income 2014: $744,8312014Revenue 2015: $1,151,820Expenses 2015: $553,304Net Income 2015: $598,5162015Revenue 2016: $1,283,938Expenses 2016: $593,167Net Income 2016: $690,7712016Revenue 2017: $1,311,313Expenses 2017: $584,501Net Income 2017: $726,8122017Revenue 2018: $1,082,688Expenses 2018: $751,072Net Income 2018: $331,6162018Revenue 2019: $1,775,236Expenses 2019: $705,962Net Income 2019: $1,069,2742019Revenue 2020: $1,327,288Expenses 2020: $780,112Net Income 2020: $547,1762020Revenue 2021: $1,190,665Expenses 2021: $882,639Net Income 2021: $308,0262021Revenue 2022: $1,236,658Expenses 2022: $900,523Net Income 2022: $336,1352022Revenue 2023: $1,078,248Expenses 2023: $931,513Net Income 2023: $146,7352023Revenue 2024: $2,866,229Expenses 2024: $1,516,435Net Income 2024: $1,349,7942024Revenue 2025: $1,939,513Expenses 2025: $1,764,753Net Income 2025: $174,7602025

Highlighted filing

2015

Revenue$1,151,820
Expenses$553,304
Net Income$598,516
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 15, 2016
Return Version
2014v6.0
Gross Receipts
$1,277,001
Mission and Program Overview

Mission

The purpose of lake whatcom center foundation is to provide service, acquire real property, and hold, administer, conserve and improve property previously owned by lake whatcom residential and treatment center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,608,226$8,085,935▲ $477,709
Investments in Publicly Traded Securities$6,804,984$6,868,666▲ $63,682
Prepaid Expenses and Deferred Charges$5,000$0▼ $5,000
Total Assets$14,447,209$14,954,601▲ $507,392
Other Assets Total$28,999$0▼ $28,999
Liabilities
Other Liabilities$0$142,876▲ $142,876
Accounts Payable and Accrued Expenses$9,620$0▼ $9,620
Total Liabilities$9,620$142,876▲ $133,256
Net Assets / Fund Balance
Unrestricted Net Assets$14,437,589$14,811,725▲ $374,136
Total Net Assets Fund Balance$14,437,589$14,811,725▲ $374,136
Total Liabilities and Net Assets / Fund Balance$14,447,209$14,954,601▲ $507,392

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,923,052$3,903,547$9,826,599
Land$1,997,337-$1,997,337
Equipment$165,546$347,697$513,243
Compensation and Service Providers

Board Members and Trustees

NameTitle
Pat KarlbergPresident
Richard EggemeyerVice President
Jim McclintockBoard Member
Marion EvensonBoard Member
Brad SwansonSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$932,520
Investment Income
$188,332
Other Revenue
$30,968
Change in Net Assets
$598,516
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$553,304
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$391,787--$391,787
Fees for Services Other$106,157--$106,157
Occupancy$48,455--$48,455
Office Expenses$6,336--$6,336
Other Expenses$569--$569
Total Functional Expenses$553,304$0$0$553,304
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interfund Payable$142,876
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

New board members are elected/nominated by the current board.

Form 990, Part VI, Section B, Line 11

The 990 is reviewed by the executive director and board treasurer, once approved, it is signed by executive director and filed.

Form 990, Part VI, Section B, Line 12C

Initial entry to the board requires a signed conflict of interest statement that requires subsequent disclosure of any issues that arise.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are not made publicly available.

Filing and Contact Details

Filer

Filer Name
Lake Whatcom Center Foundation
EIN
20-3209113
Phone
3606766000
Address
609 NORTH SHORE DRIVE SUITE A, BELLINGHAM, WA 98226-4414

Signing Officer

Name
Gerric W Dudley
Title
Co-CEO
Phone
3606766000
Signed
2016-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Billings
Formed
2005
Legal Domicile
Wa
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
1

Preparer

Firm
Larson Gross Pllc
Address
2211 RIMLAND DR STE 422, BELLINGHAM, WA 98226
Preparer
Steve Forbes-cpa
Phone
3607344280
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees: program service expenses 106,157. Management and general expenses 0. Fundraising expenses 0. Total expenses 106,157.

Raw XML Appendix396 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NEW BOARD MEMBERS ARE ELECTED/NOMINATED BY THE CURRENT BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND BOARD TREASURER, ONCE APPROVED, IT IS SIGNED BY EXECUTIVE DIRECTOR AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INITIAL ENTRY TO THE BOARD REQUIRES A SIGNED CONFLICT OF INTEREST STATEMENT THAT REQUIRES SUBSEQUENT DISCLOSURE OF ANY ISSUES THAT ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE PUBLICLY AVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 106,157. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 106,157.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0910844168
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE RESIDENTIAL CARE AND COMMUNITY OUTPATIENT MENTAL HEALTH PROGRAMS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(B)(1)(A)(VI)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0609 NORTH SHORE DRIVE SUITE A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd098226
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0932520
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1899165
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2142876
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2ACTUAL COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LAKE WHATCOM RESIDENTIAL AND TREATMENT CENTER
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1LAKE WHATCOM RESIDENTIAL AND TREATMENT CENTER
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2LAKE WHATCOM RESIDENTIAL AND TREATMENT CENTER
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt014954601
IRS990/TotalAssetsGrp/BOYAmt014447209
IRS990/TotalAssetsGrp/EOYAmt014954601
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0553304
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IRS990/TotalLiabilitiesBOYAmt09620
IRS990/TotalLiabilitiesEOYAmt0142876
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IRS990/TotalLiabilitiesGrp/EOYAmt0142876
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014437589
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt014811725
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0553304
IRS990/TotalProgramServiceRevenueAmt0932520
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0188332
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0963488
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01151820
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014447209
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014954601
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt014437589
IRS990/UnrestrictedNetAssetsGrp/EOYAmt014811725
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0609 NORTH SHORE DRIVE SUITE A
IRS990/USAddress/CityNm0BELLINGHAM
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd0982264414
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTP://WWW.LWRTC.ORG/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GERRIC W DUDLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03606766000
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE WHATCOM CENTER FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0203209113
ReturnHeader/Filer/PhoneNum03606766000
ReturnHeader/Filer/USAddress/AddressLine1Txt0609 NORTH SHORE DRIVE SUITE A
ReturnHeader/Filer/USAddress/CityNm0BELLINGHAM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd0982264414
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0911663574
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LARSON GROSS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02211 RIMLAND DR STE 422
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BELLINGHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098226
ReturnHeader/PreparerPersonGrp/PhoneNum03607344280
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVE FORBES-CPA
ReturnHeader/ReturnTs02016-02-15T00:00:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$31.5$9.78$21.7$1.94$1.76$0.17
2024Detailed filing. Detailed filing data is available for this year.$28.5$7.07$21.4$2.87$1.52$1.35
2023Detailed filing. Detailed filing data is available for this year.$27.3$7.33$20.0$1.08$0.93$0.15
2022Detailed filing. Detailed filing data is available for this year.$23.0$3.40$19.6$1.24$0.90$0.34
2021Detailed filing. Detailed filing data is available for this year.$22.1$2.26$19.9$1.19$0.88$0.31
2020Detailed filing. Detailed filing data is available for this year.$21.2$2.36$18.8$1.33$0.78$0.55
2019Detailed filing. Detailed filing data is available for this year.$19.9$1.59$18.3$1.78$0.71$1.07
2018Detailed filing. Detailed filing data is available for this year.$17.8$0.59$17.2$1.08$0.75$0.33
2017Detailed filing. Detailed filing data is available for this year.$17.4$0.80$16.6$1.31$0.58$0.73
2016Detailed filing. Detailed filing data is available for this year.$15.9$0.62$15.2$1.28$0.59$0.69
2015Detailed filing. Detailed filing data is available for this year.$15.0$0.14$14.8$1.15$0.55$0.60
2014Detailed filing. Detailed filing data is available for this year.$14.4$0.01$14.4$1.19$0.45$0.74
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$0.00$13.0$0.45
2012Summary only. Only limited summary data is available for this year.$12.0$0.00$12.0$2.24$0.32$1.92
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$0.00$10.4$0.35