Civic Intelligence

Seattle Colleges Foundation

990 • Fiscal year 2020 • EIN 83-0551671

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 29, 2021

Organization ProfileFOUNDATION.SEATTLECOLLEGES.EDU
1500 Harvard AvenueSeattle, WA 98122

(206) 934-3057

Siviq Scores

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

Liabilities / Assets

25th percentile

0.06x

Higher debt load relative to assets than 25% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

47th percentile

0.31x

Higher debt load relative to revenue than 47% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

92nd percentile

54%

Higher net margin than 92% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

47th percentile

$234,434

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

65th percentile

13%

Faster asset growth than 65% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

78th percentile

21%

Faster revenue growth than 78% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$28,531,003

Up $3,286,603 (+13%) from 2019

Net Assets

Up

$26,902,815

Up $3,127,909 (+13%) from 2019

Liabilities

Up

$1,628,188

Up $158,694 (+11%) from 2019

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin92nd percentile

Revenue

Up

$5,196,384

Up $901,424 (+21%) from 2019

Expenses

Up

$2,370,768

Up $928,471 (+64%) from 2019

Net Income

Down

$2,825,616

Down $27,047 (-0.9%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

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

$60M$40M$20M$0Assets 2018: $150,002Net Assets 2018: $150,0022018Assets 2019: $25,244,400Liabilities 2019: $1,469,494Net Assets 2019: $23,774,9062019Assets 2020: $28,531,003Liabilities 2020: $1,628,188Net Assets 2020: $26,902,8152020Assets 2021: $39,190,502Liabilities 2021: $2,133,930Net Assets 2021: $37,056,5722021Assets 2022: $39,190,214Liabilities 2022: $1,692,189Net Assets 2022: $37,498,0252022Assets 2023: $46,195,749Liabilities 2023: $2,017,065Net Assets 2023: $44,178,6842023Assets 2024: $49,957,100Liabilities 2024: $2,549,974Net Assets 2024: $47,407,1262024Assets 2025: $51,307,609Liabilities 2025: $3,893,480Net Assets 2025: $47,414,1292025

Highlighted filing

2020

Assets$28,531,003
Liabilities$1,628,188
Net Assets$26,902,815
Open 2020 Filing

Operations Trend

Revenue Growth78th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2018: $150,0022018Revenue 2019: $4,294,960Expenses 2019: $1,442,297Net Income 2019: $2,852,6632019Revenue 2020: $5,196,384Expenses 2020: $2,370,768Net Income 2020: $2,825,6162020Revenue 2021: $7,252,999Expenses 2021: $2,155,345Net Income 2021: $5,097,6542021Revenue 2022: $8,381,764Expenses 2022: $3,194,974Net Income 2022: $5,186,7902022Revenue 2023: $10,086,736Expenses 2023: $5,623,197Net Income 2023: $4,463,5392023Revenue 2024: $7,290,775Expenses 2024: $7,131,471Net Income 2024: $159,3042024Revenue 2025: $5,475,653Expenses 2025: $8,366,217Net Income 2025: -$2,890,5642025

Highlighted filing

2020

Revenue$5,196,384
Expenses$2,370,768
Net Income$2,825,616
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 29, 2021
Return Version
2019v5.2
Gross Receipts
$5,820,318
Mission and Program Overview

Mission

The seattle colleges foundation catalyzes community support to advance the mission, work and impact of seattle colleges. We engage our community to transform lives, promote equity and increase access to quality, affordable education.

We catalyze community support to advance the mission, work and impact of seattle colleges.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,421,531$25,464,761▲ $5,043,230
Pledges and Grants Receivable$1,974,517$1,926,818▼ $47,699
Cash and Non-Interest-Bearing Accounts$815,061$837,741▲ $22,680
Land, Buildings, and Equipment, Net$577,000--
Savings and Temporary Cash Investments$1,454,729$252,711▼ $1,202,018
Prepaid Expenses and Deferred Charges$1,562$37,622▲ $36,060
Inventories for Sale or Use-$11,350-
Total Assets$25,244,400$28,531,003▲ $3,286,603
Liabilities
Grants Payable$1,452,238$1,288,489▼ $163,749
Accounts Payable and Accrued Expenses$17,256$339,699▲ $322,443
Total Liabilities$1,469,494$1,628,188▲ $158,694
Net Assets / Fund Balance
Net Assets With Donor Restrictions$20,513,995$23,420,020▲ $2,906,025
Net Assets Without Donor Restrictions$3,260,911$3,482,795▲ $221,884
Total Net Assets Fund Balance$23,774,906$26,902,815▲ $3,127,909
Total Liabilities and Net Assets / Fund Balance$25,244,400$28,531,003▲ $3,286,603

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$17,668,536$1,384,726▲ $689,062$655,862$19,086,462
2018-$17,094,350▲ $1,309,923$735,737$17,668,536
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kerry HowellChief Executive OfficerFT$201,960$32,474$234,434
Traci RussellExecutive DirectorFT$129,600$24,876$154,476

Board Members and Trustees

NameTitle
Keith ShreiberChair
Rick DavidVice Chair
Frederick KigaDirector
Jon FineDirector
Joseph JahnDirector
Michael HughesDirector
Rahim RajanDirector
Richard LockeDirector
Sarah Jane GunterDirector
Scott ElyDirector
Shiao-yen WuDirector
Barbara DingfieldSecretary
Melba BartelsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,159,744
Program Service Revenue
$0
Investment Income
$1,076,644
Other Revenue
$-40,004
All Other Contributions
$3,845,284
Change in Net Assets
$2,825,616

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table2$12,182Fair Market Value (FMV)
Other Non Cash Contri Table1$9,250Fair Market Value (FMV)
Other Non Cash Contri Table1$6,000Fair Market Value (FMV)
Other Non Cash Contri Table1$5,000Fair Market Value (FMV)
Other Non Cash Contri Table1$2,500Fair Market Value (FMV)
Other Non Cash Contri Table1$2,000Fair Market Value (FMV)
Other Non Cash Contri Table1$1,750Fair Market Value (FMV)
Other Non Cash Contri Table1$1,500Fair Market Value (FMV)
Other Non Cash Contri Table1$1,298Fair Market Value (FMV)
Other Non Cash Contri Table1$1,000Fair Market Value (FMV)
Other Non Cash Contri Table1$855Fair Market Value (FMV)
Other Non Cash Contri Table1$500Fair Market Value (FMV)
Other Non Cash Contri Table1$500Fair Market Value (FMV)
Other Non Cash Contri Table1$500Fair Market Value (FMV)
Other Non Cash Contri Table1$500Fair Market Value (FMV)
Other Non Cash Contri Table1$275Fair Market Value (FMV)
Other Non Cash Contri Table1$192Fair Market Value (FMV)
Other Non Cash Contri Table1$75Fair Market Value (FMV)
Total Noncash Contributions19$45,877-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,129,370
Revenue Not Reported on Financial Statements
$67,014
Revenue Not Reported on Form 990
$2,005,297
Total Revenue per Audited Statements
$7,134,667
Total Revenue per Form 990
$5,196,384
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,277,777
Grants and Similar Amounts Paid$1,092,991
Total Fundraising Expense$104,648
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,092,991--$1,092,991
Fees for Services Accounting-$201,262-$201,262
Conferences and Meetings$32,686$19,436$51,097$103,219
Information Technology$185$74,748$6,397$81,330
Fees for Service Investment Mgmnt Fees-$67,014-$67,014
Office Expenses$1,450$3,081$20,430$24,961
Fees for Services Other$660$19,075$4,746$24,481
Other Expenses$1,268$5,330$6,900$13,498
Fees for Services Legal-$1,554-$1,554
Travel$54$105$346$505
Total Functional Expenses$1,826,756$439,364$104,648$2,370,768

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,006,758
Total Expenses per Form 990$2,370,768
Expenses per Audited Statements$2,303,754
Expenses Not Reported on Form 990$1,703,004
Expenses Not Reported on Financial Statements$67,014
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$46,934
Fundraising Gross Income$6,930
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$321,390$6,930$43,315$-36,385
Total Events$321,390$6,930$46,934$-40,004
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
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 1

“Source exec. Comm. Charter: executive committee can act with full authority of the board between board meetings, subject to statutory and board-imposed limitations on committee action as stated in the bylaws.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is emailed out to the board of directors prior to filing.”

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

“Each board member is required to disclose any conflicts of interest and if a conflict exists the board member recuses themself from voting.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents , conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Seattle Colleges Foundation
EIN
83-0551671
Phone
2069343057
Address
1500 HARVARD AVENUE, SEATTLE, WA 98122

Signing Officer

Name
Kerry Howell
Title
Chief Executive Officer
Phone
2069343057
Signed
2021-03-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kerry Howell
Formed
2018
Legal Domicile
Wa
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
30

Preparer

Firm
Bdo USA Llp
Address
601 UNION ST STE 2300, SEATTLE, WA 98101-2345
Preparer
Ray Holmdahl
Phone
2063827777
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The foundation's endowment consists of 116 funds established for two primary purposes: (1) provide scholarships for students attending the north, central, and south seattle colleges and (2) support academic programs of the north, central, and south seattle colleges.”

Raw XML AppendixShowing 400 of 629 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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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantAmt01092991
IRS990/GrantsPayableGrp/BOYAmt01452238
IRS990/GrantsPayableGrp/EOYAmt01288489
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01092991
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01092991
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0837615
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0286389
IRS990/GrossReceiptsAmt05820318
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt06397
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt074748
IRS990/InformationTechnologyGrp/ProgramServicesAmt0185
IRS990/InformationTechnologyGrp/TotalAmt081330
IRS990/InventoriesForSaleOrUseGrp/EOYAmt011350
IRS990/InvestmentIncomeGrp/ExclusionAmt0529640
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0529640
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt020421531
IRS990/InvestmentsPubTradedSecGrp/EOYAmt025464761
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0577000
IRS990/LegalDomicileStateCd0WA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0577000
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE SEATTLE COLLEGES FOUNDATION CATALYZES COMMUNITY SUPPORT TO ADVANCE THE MISSION, WORK AND IMPACT OF SEATTLE COLLEGES. WE ENGAGE OUR COMMUNITY TO TRANSFORM LIVES, PROMOTE EQUITY AND INCREASE ACCESS TO QUALITY, AFFORDABLE EDUCATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt023774906
IRS990/NetAssetsOrFundBalancesEOYAmt026902815
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0547004
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0547004
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-40004
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-40004
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0302293
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03260911
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03482795
IRS990/NoncashContributionsAmt045877
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt020430
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03081
IRS990/OfficeExpensesGrp/ProgramServicesAmt01450
IRS990/OfficeExpensesGrp/TotalAmt024961
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ACADEMIC PROGRAM SUPPOR
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2OTHER AWARDS
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt014732
IRS990/OtherExpensesGrp/FundraisingAmt16900
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt047759
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15330
IRS990/OtherExpensesGrp/ProgramServicesAmt0647526
IRS990/OtherExpensesGrp/ProgramServicesAmt116281
IRS990/OtherExpensesGrp/ProgramServicesAmt233655
IRS990/OtherExpensesGrp/ProgramServicesAmt31268
IRS990/OtherExpensesGrp/TotalAmt0647526
IRS990/OtherExpensesGrp/TotalAmt178772
IRS990/OtherExpensesGrp/TotalAmt233655
IRS990/OtherExpensesGrp/TotalAmt313498
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01974517
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01926818
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01562
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt037622
IRS990/PrincipalOfficerNm0KERRY HOWELL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0ACADEMIC PROGRAM SUPPORT: SEATTLE COLLEGES PROVIDES A COMPREHENSIVE ARRAY OF HIGH QUALITY ASSOCIATE'S, BACHELOR'S, AND TECHNICAL AND PROFESSIONAL DEGREE PROGRAMS. PROGRAM GRANTS FORTIFY PROVEN STUDENT SUCCESS INITIATIVES, UPDATE ACADEMIC PROGRAM OFFERINGS, ENHANCE PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR FACULTY AND STAFF, AND MODERNIZE STATE-OF-THE-ART FACILITIES AND TECHNOLOGY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0733765
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02788295
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01005465
IRS990/PYInvestmentIncomeAmt01506665
IRS990/PYOtherExpensesAmt0436832
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02852663
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01442297
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04294960
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02825616
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01454729
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0252711
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04159744
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02788295
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0150000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07098039
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0529640
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0320435
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0850077
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt04124836
IRS990ScheduleA/SubstantialContributorsTotAmt02973203
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04159744
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02788295
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0150000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07098039
IRS990ScheduleA/TotalSupportAmt07948116
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.08050
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt017668536
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01384726
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt019086462
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0689062
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0655862
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt017094350
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt017668536
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01309923
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0735737
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt01703004
IRS990ScheduleD/DonatedServicesUseFcltsAmt01703004
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt01703004
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt067014
IRS990ScheduleD/ExpensesSubtotalAmt02303754
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt067014
IRS990ScheduleD/InvestmentExpensesNotIncldAmt067014
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0302293
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.75880
IRS990ScheduleD/RevenueNotReportedAmt02005297
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt067014
IRS990ScheduleD/RevenueSubtotalAmt05129370
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S ENDOWMENT CONSISTS OF 116 FUNDS ESTABLISHED FOR TWO PRIMARY PURPOSES: (1) PROVIDE SCHOLARSHIPS FOR STUDENTS ATTENDING THE NORTH, CENTRAL, AND SOUTH SEATTLE COLLEGES AND (2) SUPPORT ACADEMIC PROGRAMS OF THE NORTH, CENTRAL, AND SOUTH SEATTLE COLLEGES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.16070
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02370768
IRS990ScheduleD/TotalRevenuePerForm990Amt05196384
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07134667
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04006758
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0314460
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0314460
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt046934
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03619
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt03619
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0321390
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0321390
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt06930
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt06930
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-40004
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt043315
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt043315
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt01092991
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0652
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIP AMOUNTS FOR EACH FUND ARE CALCULATED EACH FISCAL YEAR. STUDENT'S APPLY FOR SCHOLARSHIPS THOUGH SCF'S AWARD MANAGEMENT SYSTEM. THE SCF TEAM ENTERS SPECIFIC DONOR RESTRICTIONS PER AWARD INTO THE SYSTEM EACH YEAR. THE ADVANCEMENT TEAM MATCHES STUDENTS TO AWARDS BASED ON DONOR RESTRICTIONS AND REVIEWERS SCORES. REVIEWERS ARE COMPRISED OF INTERNAL COLLEGE STAFF AND COMMUNITY MEMBERS, AND RATE APPLICATIONS BASED ON SCF'S ESTABLISHED RUBRIC.

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,531,003
Liabilities
$1,628,188
Net assets
$26,902,815
Revenue
$5,196,384
Expenses
$2,370,768
Net income
$2,825,616
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$51.3$3.89$47.4$5.48$8.37$2.89
2024Detailed filing. Detailed filing data is available for this year.$50.0$2.55$47.4$7.29$7.13$0.16
2023Detailed filing. Detailed filing data is available for this year.$46.2$2.02$44.2$10.1$5.62$4.46
2022Detailed filing. Detailed filing data is available for this year.$39.2$1.69$37.5$8.38$3.19$5.19
2021Detailed filing. Detailed filing data is available for this year.$39.2$2.13$37.1$7.25$2.16$5.10
2020Detailed filing. Detailed filing data is available for this year.$28.5$1.63$26.9$5.20$2.37$2.83
2019Detailed filing. Detailed filing data is available for this year.$25.2$1.47$23.8$4.29$1.44$2.85
2018Detailed filing. Detailed filing data is available for this year.$0.15$0.15$0.15