Civic Intelligence

Peninsula College Foundation

990 • Fiscal year 2021 • EIN 91-1589749

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 01, 2021

Organization ProfileWWW.PENCOL.EDU/FOUNDATION
1502 East Lauridsen BoulevardPort Angeles, WA 98362

(360) 417-6246

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.08x

Higher debt load relative to assets than 43% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

72nd percentile

0.47x

Higher debt load relative to revenue than 72% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

72nd percentile

28%

Higher net margin than 72% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

56th percentile

$131,496

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

68th percentile

19%

Faster asset growth than 68% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

51st percentile

12%

Faster revenue growth than 51% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$7,388,665

Up $1,183,401 (+19%) from 2020

Net Assets

Up

$6,763,987

Up $1,180,209 (+21%) from 2020

Liabilities

Up

$624,678

Up $3,192 (+0.5%) from 2020

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin72nd percentile

Revenue

Up

$1,336,997

Up $144,904 (+12%) from 2020

Expenses

Down

$958,443

Down $79,742 (-7.7%) from 2020

Net Income

Up

$378,554

Up $224,646 (+146%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$15M$10M$5.0M$0Assets 2010: $1,343,313Liabilities 2010: $0Net Assets 2010: $1,343,3132010Assets 2011: $1,406,899Liabilities 2011: $0Net Assets 2011: $1,406,8992011Assets 2012: $1,385,617Liabilities 2012: $0Net Assets 2012: $1,385,6172012Assets 2013: $1,622,782Liabilities 2013: $6,445Net Assets 2013: $1,616,3372013Assets 2014: $1,634,042Liabilities 2014: $5,525Net Assets 2014: $1,628,5172014Assets 2015: $1,607,194Liabilities 2015: $4,639Net Assets 2015: $1,602,5552015Assets 2016: $13,558,259Liabilities 2016: $62,884Net Assets 2016: $13,495,3752016Assets 2017: $11,805,957Liabilities 2017: $20Net Assets 2017: $11,805,9372017Assets 2018: $4,841,419Liabilities 2018: $536,612Net Assets 2018: $4,304,8072018Assets 2019: $5,814,902Liabilities 2019: $560,219Net Assets 2019: $5,254,6832019Assets 2020: $6,205,264Liabilities 2020: $621,486Net Assets 2020: $5,583,7782020Assets 2021: $7,388,665Liabilities 2021: $624,678Net Assets 2021: $6,763,9872021Assets 2022: $6,892,393Liabilities 2022: $582,188Net Assets 2022: $6,310,2052022Assets 2023: $7,684,573Liabilities 2023: $538,085Net Assets 2023: $7,146,4882023Assets 2024: $7,712,622Liabilities 2024: $609,639Net Assets 2024: $7,102,9832024Assets 2025: $8,529,788Liabilities 2025: $653,393Net Assets 2025: $7,876,3952025

Highlighted filing

2021

Assets$7,388,665
Liabilities$624,678
Net Assets$6,763,987
Open 2021 Filing

Operations Trend

Revenue Growth51st percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $276,4452010Revenue 2011: $331,975Expenses 2011: $251,716Net Income 2011: $80,2592011Expenses 2012: $435,0632012Revenue 2013: $584,303Expenses 2013: $456,099Net Income 2013: $128,2042013Revenue 2014: $686,665Expenses 2014: $600,982Net Income 2014: $85,6832014Revenue 2015: $346,264Expenses 2015: $322,846Net Income 2015: $23,4182015Revenue 2016: $12,451,533Expenses 2016: $898,839Net Income 2016: $11,552,6942016Revenue 2017: $1,003,636Expenses 2017: $979,355Net Income 2017: $24,2812017Revenue 2018: $2,659,536Expenses 2018: $1,088,818Net Income 2018: $1,570,7182018Revenue 2019: $1,875,491Expenses 2019: $1,036,732Net Income 2019: $838,7592019Revenue 2020: $1,192,093Expenses 2020: $1,038,185Net Income 2020: $153,9082020Revenue 2021: $1,336,997Expenses 2021: $958,443Net Income 2021: $378,5542021Revenue 2022: $1,449,071Expenses 2022: $854,839Net Income 2022: $594,2322022Revenue 2023: $1,575,817Expenses 2023: $1,026,941Net Income 2023: $548,8762023Revenue 2024: $1,452,819Expenses 2024: $1,747,904Net Income 2024: -$295,0852024Revenue 2025: $1,430,405Expenses 2025: $1,102,339Net Income 2025: $328,0662025

Highlighted filing

2021

Revenue$1,336,997
Expenses$958,443
Net Income$378,554
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 1, 2021
Return Version
2020v4.1
Gross Receipts
$3,295,175
Mission and Program Overview

Mission

Creating access, excellence and success for the peninsula college community.

Creating access, excellence and success for the peninsula college community by providing funds for students and programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,692,313$5,969,420▲ $1,277,107
Cash and Non-Interest-Bearing Accounts$983,400$1,068,566▲ $85,166
Pledges and Grants Receivable$428,677$249,805▼ $178,872
Other Notes and Loans Receivable, Net$100,874$100,874→ $0
Total Assets$6,205,264$7,388,665▲ $1,183,401
Liabilities
Escrow Account Liability$474,896$509,127▲ $34,231
Accounts Payable and Accrued Expenses$146,590$115,551▼ $31,039
Total Liabilities$621,486$624,678▲ $3,192
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,492,003$6,657,195▲ $1,165,192
Net Assets Without Donor Restrictions$91,775$106,792▲ $15,017
Total Net Assets Fund Balance$5,583,778$6,763,987▲ $1,180,209
Total Liabilities and Net Assets / Fund Balance$6,205,264$7,388,665▲ $1,183,401

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$5,969,420--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$4,157,482$453,663▲ $925,198-$5,386,291
2019$3,953,954$187,274▲ $103,090-$4,157,482
2018$3,299,575$562,857▲ $150,057-$3,953,954
2017$2,070,364$1,236,853▲ $91,794-$3,299,575
2016$1,935,933$35,626▲ $113,539-$2,070,364
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Getta WorkmanExecutive DirectorFT$131,496$131,496

Board Members and Trustees

NameTitle
Paul CunninghamPresident
Claire Smith RoneyBoard Member
Dave NeupertBoard Member
Jim WaltonBoard Member
Joe FloydBoard Member
S Brooke TaylorBoard Member
Jeanne MartinCo-treasurer
Ray GruverCo-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,087,512
Program Service Revenue
$0
Investment Income
$249,485
Other Revenue
$0
All Other Contributions
$1,087,512
Change in Net Assets
$378,554

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$187,497Fair Market Value.
Other Non Cash Contri Table1$60,129Fair Market Value.
Other Non Cash Contri Table12$20,515Fair Market Value.
Total Noncash Contributions14$268,141-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,336,997
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$801,655
Total Revenue per Audited Statements
$2,138,652
Total Revenue per Form 990
$1,336,997
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$586,910
Other Expenses$295,179
Salaries, Compensation, and Employee Benefits$76,354
Total Fundraising Expense$38,651
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$586,910--$586,910
Other Salaries and Wages$61,083$11,453$3,818$76,354
Fees for Services Accounting-$6,300-$6,300
Office Expenses-$3,025-$3,025
Insurance-$2,450-$2,450
Other Expenses$14,197$785$34,733$785
Fees for Services Other-$181-$181
Advertising--$100$100
Total Functional Expenses$826,132$93,660$38,651$958,443

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$958,443
Total Expenses per Audited Statements$958,443
Total Expenses per Form 990$958,443
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
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
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

“With the governing body's support, the college hires (and pays for) the leadership position (executive director) for the foundation.”

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

“The form 990 was provided to the finance committee and executive committee for initial review with foundation staff. It was then emailed in advance to individual board members prior to a meeting of the full board, where it was formally reviewed and approved.”

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

“Board members and the executive director review, update (if necessary) and sign the conflict of interest policy for compliance annually.”

Form 990, Part VI, Section B, Line 15A

“The process for determining compensation for the foundation's top management official (executive director) is performed by peninsula college, since the college pays the salary and benefits for this position. The compensation aligns with similiar positions within the college staffing and salary structure.”

Form 990, Part VI, Section C, Line 18

“The form 990 and form 1023 are available for public inspection on the foundation's website (www.pencol.edu/foundation) and available upon request by contacting the foundation office at 360-417-6246.”

Form 990, Part VI, Section C, Line 19

“The foundations governing documents, conflict of interest policy and financial statements are available to the public by request of the foundation office at 360-417-6246. These documents and more are also available online at the foundation's website: www.pencol.edu/foundation.”

Filing and Contact Details

Filer

Filer Name
Peninsula College Foundation
EIN
91-1589749
Phone
3604176246
Address
1502 EAST LAURIDSEN BOULEVARD, PORT ANGELES, WA 98362

Signing Officer

Name
Paul Cunningham
Title
Board President
Phone
3604176246
Signed
2021-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Cunningham
Formed
1996
Legal Domicile
Wa
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Aiken & Sanders Inc Ps
Address
324 S MAIN ST UNIT A, MONTESANO, WA 98563-4502
Preparer
Lonnie Rich CPA
Phone
3605333370
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The foundation has an annual audit. The finance committee and/or the executive committee of the foundation board works with staff to oversee the audit of its financials statements and selection of an independent accountant. The foundation board assumes the overall responsibility and oversight of the completed audit, and reviewing and approving the findings at a meeting of the full board.”

Financial Statement Notes

PART IV, LINE 2B:

“The foundation is acting as custodian for funds held on behalf of peninsula college. These funds are invested alongside foundation endowment funds. However, as opposed to other investments and endowment funds held by the foundation, peninsula college retained all rights to the funds.”

PART V, LINE 4:

“The foundation manages endowments established by individuals and other entities that are permanently restricted. Investment earnings, but not the principal, are distributed in the form of scholarships, faculty grants and programs support.”

PART X, LINE 2:

“The organization reported no uncertain tax positions in it's financial statements for the year ended june 30, 2021.”

Raw XML AppendixShowing 400 of 505 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/Desc0THE FOUNDATION CURRENTLY MANAGES 23 ENDOWMENT FUNDS AND 115 DONOR RESTRICTED FUNDS FOR SCHOLARSHIPS AND PROGRAMS. IN 2020-21, 467 INDIVIDUAL STUDENT AWARDS WERE MADE, RANGING FROM PUBLIC TRANSIT PASSES AND BOOK PURCHASES TO EMERGENCY AID AND FULL-RIDE SCHOLARSHIPS. MANY AWARDS THAT WOULD ORDINARILY HAVE BEEN PROVIDED BY FOUNDATION WERE COVERED WITH FEDERAL PANDEMIC RELIEF FUNDS GRANTED TO PENINSULA COLLEGE. THE FOUNDATION WORKS WITH PARTNERS, LIKE UNITED WAY AND THE CLALLAM PROMISE SCHOLARSHIP PARTNERS, TO MEET SPECIFIC STUDENT NEED. IT MANAGES A ROBUST IN-KIND GIVING PROGRAM, ALLOWING INDIVIDUALS AND BUSINESSES TO CONTRIBUTE BOTH MONETARILY AND WITH DONATIONS OF EQUIPMENT, SUPPLIES, MATERIALS OR TIME. EVERY PC PROGRAM IS IMPACTED BY FOUNDATION GIVING.
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03025
IRS990/OfficeExpensesGrp/TotalAmt03025
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0INKIND EXPENSE
IRS990/OtherExpensesGrp/Desc1PIRATE ATHLETIC ASSOCIA
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt034733
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt069466
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1785
IRS990/OtherExpensesGrp/ProgramServicesAmt0163942
IRS990/OtherExpensesGrp/ProgramServicesAmt114197
IRS990/OtherExpensesGrp/TotalAmt0268141
IRS990/OtherExpensesGrp/TotalAmt114197
IRS990/OtherExpensesGrp/TotalAmt2785
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03818
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011453
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt061083
IRS990/OtherSalariesAndWagesGrp/TotalAmt076354
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0100874
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0100874
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0428677
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0249805
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0PAUL CUNNINGHAM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0AWARDS FOR STUDENTS AND PROGRAMS COME FROM ENDOWMENT EARNINGS AND DONOR/PARTNER GIVING. FACULTY AND PROGRAM GRANTS ALIGN WITH THE COLLEGE'S STRATEGIC GOALS. THIS YEAR'S GRANTS SUPPORTED THE HUMANITIES DIVISION, FACULTY RESEARCH AND PROFESSIONAL DEVELOPMENT, BASIC EDUCATION STUDENTS, STUDENT SERVICES ACTIVITIES, CAMPUS VETERAN'S CENTER, FOOD PANTRY AND MORE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0265496
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0188617
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01156352
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0615151
IRS990/PYInvestmentIncomeAmt036397
IRS990/PYOtherExpensesAmt0320861
IRS990/PYOtherRevenueAmt0-656
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0153908
IRS990/PYSalariesCompEmpBnftPaidAmt0102173
IRS990/PYTotalExpensesAmt01038185
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01192093
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0378554
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01087512
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01156352
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01710060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02372217
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0756587
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07082728
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0146165
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0178177
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0169404
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0203619
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0163892
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0861257
IRS990ScheduleA/PublicSupportCY170Pct00.89160
IRS990ScheduleA/PublicSupportPY170Pct00.96190
IRS990ScheduleA/PublicSupportTotal170Amt07082728
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01087512
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01156352
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01710060
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02372217
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0756587
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07082728
IRS990ScheduleA/TotalSupportAmt07943985
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/AgentTrusteeEtcInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04157482
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0453663
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt05386291
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0150052
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0925198
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03953954
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0187274
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04157482
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt086836
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0103090
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03299575
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0562857
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03953954
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt058535
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0150057
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02070364
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01236853
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03299575
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt099436
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt091794
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01935933
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt035626
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02070364
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt014734
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0113539
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0958443
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0801655
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt05969420
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.70155
IRS990ScheduleD/RevenueNotReportedAmt0801655
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01336997
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS ACTING AS CUSTODIAN FOR FUNDS HELD ON BEHALF OF PENINSULA COLLEGE. THESE FUNDS ARE INVESTED ALONGSIDE FOUNDATION ENDOWMENT FUNDS. HOWEVER, AS OPPOSED TO OTHER INVESTMENTS AND ENDOWMENT FUNDS HELD BY THE FOUNDATION, PENINSULA COLLEGE RETAINED ALL RIGHTS TO THE FUNDS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION MANAGES ENDOWMENTS ESTABLISHED BY INDIVIDUALS AND OTHER ENTITIES THAT ARE PERMANENTLY RESTRICTED. INVESTMENT EARNINGS, BUT NOT THE PRINCIPAL, ARE DISTRIBUTED IN THE FORM OF SCHOLARSHIPS, FACULTY GRANTS AND PROGRAMS SUPPORT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REPORTED NO UNCERTAIN TAX POSITIONS IN IT'S FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.29845
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt05969420
IRS990ScheduleD/TotalExpensesPerForm990Amt0958443
IRS990ScheduleD/TotalRevenuePerForm990Amt01336997
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02138652
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0958443
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0398293
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt1188617
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0STUDENT SUPPORT: THE FOUNDATION PROVIDES SCHOLARSHIPS, GRANTS AND EMERGENCY BOOK LOANS TO STUDENTS.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1FACULTY, STAFF AND PROGRAM SUPPORT: THE FOUNDATION PROVIDED 4 GRANT BLOCKS FOR AWARDING BY THE COLLEGE FOR FACULTY, HUMANITIES DIVISION, BASIC EDUCATION, AND STUDENT SERVICES. TOTAL RECIPIENTS REFLECT COMBINED AWARDS FROM THESE GRANTS. A VARIETY OF PROGRAM SUPPORT WAS ALSO PROVIDED.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0562
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt1128
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0STUDENT SCHOLARSHIPS AND GRANTS: THE AMOUNT OF SCHOLARSHIPS AND GRANTS PROVIDED TO STUDENTS IS DIRECTLY RELATED TO ENDOWMENT AWARD DETERMINATIONS (AS SPECIFIED IN THE BOARD APPROVED "INVESTMENT SPENDING POLICY") AND DONOR DESIGNATED FUNDS AVAILABILITY. THERE IS A COMPETITIVE APPLICATION PROCESS FOR STUDENT SCHOLARSHIPS, CREATED IN COLLABORATION WITH THE COLLEGE, TO MEET THE NEEDS OF THE COLLEGE AND STUDENTS WHILE HONORING THE AWARD CRITERIA SET BY DONORS. THE STUDENT AFFAIRS COMMITTEE OF THE COLLEGE, UNDER THE DIRECTION OF THE STUDENT SERVICES VICE PRESIDENT, LEADS THE SCHOLARSHIP AWARD PROCESS. AWARDS ARE SPLIT EQUALLY OVER EACH QUARTER IN THE ACADEMIC YEAR, AND EACH STUDENT'S PERFORMANCE IS MONITORED BY THE COLLEGE TO ENSURE AWARD CRITERIA IS MET. IF THE STUDENT DOES NOT MEET AWARD CRITERIA, THE FUNDS ARE NOT DISBURSED AND THEY FORFEIT THE SCHOLARSHIP. FACULTY, STAFF AND PROGRAM GRANTS: THE AMOUNT OF GRANTS PROVIDED TO FACULTY, STAFF AND PROGRAMS ARE DIRECTLY RELATED TO ENDOWMENT AWARD DETERMINATIONS AND DONOR DESIGNATED FUNDS AVAILABILITY. THE FOUNDATION BOARD ALSO ELECTS ANNUALLY WHETHER TO DESIGNATE UNRESTRICTED FUNDS FOR THIS USE. THERE IS A COMPETITIVE APPLICATION PROCESS FOR FACULTY GRANTS, THE CRITERIA FOR WHICH IS COLLABORATIVELY DETERMINED BY THE COLLEGE IN ORDER TO MEET ITS STRATEGIC OBJECTIVES AND THE DONOR OR FUNDS INTENTIONS. THE AWARD SELECTION TEAM IS COMPRISED OF COLLEGE LEADERSHIP STAFF WHO ARE KNOWLEDGEABLE OF AVAILABLE COLLEGE FUNDS FOR LEVERAGING FOUNDATION AWARDS. GRANT RECIPIENTS ARE AWARDED AND REPORT BACK TO THE FOUNDATION OFFICE AND BOARD THE OUTCOME OF THEIR GRANT-RELATED ACTIVITIES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt212
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0STAFF SALARIES & BENEFITS PAID BY COLLEGE
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1PROGRAM SUPPLIES & EQUIPMENT FROM COLLEGE
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2PROGRAM SUPPLIES & EQUIPMENT
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE.
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FAIR MARKET VALUE.
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2FAIR MARKET VALUE.
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd2X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0187497
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt160129
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt220515
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WITH THE GOVERNING BODY'S SUPPORT, THE COLLEGE HIRES (AND PAYS FOR) THE LEADERSHIP POSITION (EXECUTIVE DIRECTOR) FOR THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WAS PROVIDED TO THE FINANCE COMMITTEE AND EXECUTIVE COMMITTEE FOR INITIAL REVIEW WITH FOUNDATION STAFF. IT WAS THEN EMAILED IN ADVANCE TO INDIVIDUAL BOARD MEMBERS PRIOR TO A MEETING OF THE FULL BOARD, WHERE IT WAS FORMALLY REVIEWED AND APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS AND THE EXECUTIVE DIRECTOR REVIEW, UPDATE (IF NECESSARY) AND SIGN THE CONFLICT OF INTEREST POLICY FOR COMPLIANCE ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS FOR DETERMINING COMPENSATION FOR THE FOUNDATION'S TOP MANAGEMENT OFFICIAL (EXECUTIVE DIRECTOR) IS PERFORMED BY PENINSULA COLLEGE, SINCE THE COLLEGE PAYS THE SALARY AND BENEFITS FOR THIS POSITION. THE COMPENSATION ALIGNS WITH SIMILIAR POSITIONS WITHIN THE COLLEGE STAFFING AND SALARY STRUCTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 AND FORM 1023 ARE AVAILABLE FOR PUBLIC INSPECTION ON THE FOUNDATION'S WEBSITE (WWW.PENCOL.EDU/FOUNDATION) AND AVAILABLE UPON REQUEST BY CONTACTING THE FOUNDATION OFFICE AT 360-417-6246.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST OF THE FOUNDATION OFFICE AT 360-417-6246. THESE DOCUMENTS AND MORE ARE ALSO AVAILABLE ONLINE AT THE FOUNDATION'S WEBSITE: WWW.PENCOL.EDU/FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FOUNDATION HAS AN ANNUAL AUDIT. THE FINANCE COMMITTEE AND/OR THE EXECUTIVE COMMITTEE OF THE FOUNDATION BOARD WORKS WITH STAFF TO OVERSEE THE AUDIT OF ITS FINANCIALS STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE FOUNDATION BOARD ASSUMES THE OVERALL RESPONSIBILITY AND OVERSIGHT OF THE COMPLETED AUDIT, AND REVIEWING AND APPROVING THE FINDINGS AT A MEETING OF THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0PENINSULA COLLEGE FOUNDATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0813442391
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0WA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,388,665
Liabilities
$624,678
Net assets
$6,763,987
Revenue
$1,336,997
Expenses
$958,443
Net income
$378,554
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.53$0.65$7.88$1.43$1.10$0.33
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.71$0.61$7.10$1.45$1.75$0.30
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.68$0.54$7.15$1.58$1.03$0.55
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.89$0.58$6.31$1.45$0.85$0.59
2021Detailed filing. Detailed filing data is available for this year.$7.39$0.62$6.76$1.34$0.96$0.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.21$0.62$5.58$1.19$1.04$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.81$0.56$5.25$1.88$1.04$0.84
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.84$0.54$4.30$2.66$1.09$1.57
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.8$0.00$11.8$1.00$0.98$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.6$0.06$13.5$12.5$0.90$11.6
2015Summary only. Only limited summary data is available for this year.$1.61$0.00$1.60$0.35$0.32$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.63$0.01$1.63$0.69$0.60$0.09
2013Detailed filing. Detailed filing data is available for this year.$1.62$0.01$1.62$0.58$0.46$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.00$1.39$0.44
2011Summary only. Only limited summary data is available for this year.$1.41$0.00$1.41$0.33$0.25$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.00$1.34$0.28