Civic Intelligence

Cascadia College Foundation

990 • Fiscal year 2014 • EIN 91-1986593

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 11, 2015

18345 Campus Way NE98011

(425) 352-8840

Siviq Scores

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

Liabilities / Assets

57th percentile

0.08x

Higher debt load relative to assets than 57% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

0.59x

Higher debt load relative to revenue than 85% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

79th percentile

21%

Higher net margin than 79% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

76th percentile

17%

Faster asset growth than 76% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

7th percentile

-40%

Faster revenue growth than 7% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$876,900

Up $124,297 (+17%) from 2013

Net Assets

Up

$805,322

Up $112,619 (+16%) from 2013

Liabilities

Up

$71,578

Up $11,678 (+19%) from 2013

Revenue

Down

$120,341

Down $81,029 (-40%) from 2013

Expenses

Down

$95,140

Down $74,141 (-44%) from 2013

Net Income

Down

$25,201

Down $6,888 (-21%) from 2013

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $611,068Liabilities 2011: $39,800Net Assets 2011: $571,2682011Assets 2012: $675,063Liabilities 2012: $50,050Net Assets 2012: $625,0132012Assets 2013: $752,603Liabilities 2013: $59,900Net Assets 2013: $692,7032013Assets 2014: $876,900Liabilities 2014: $71,578Net Assets 2014: $805,3222014Assets 2015: $929,917Liabilities 2015: $30,492Net Assets 2015: $899,4252015Assets 2016: $1,082,163Liabilities 2016: $35,492Net Assets 2016: $1,046,6712016Assets 2017: $1,226,157Liabilities 2017: $52,838Net Assets 2017: $1,173,3192017Assets 2018: $2,002,216Liabilities 2018: $93,818Net Assets 2018: $1,908,3982018Assets 2019: $2,073,192Liabilities 2019: $100,106Net Assets 2019: $1,973,0862019Assets 2020: $2,544,118Liabilities 2020: $101,181Net Assets 2020: $2,442,9372020Assets 2021: $3,153,584Liabilities 2021: $186,759Net Assets 2021: $2,966,8252021Assets 2022: $2,742,994Liabilities 2022: $320,313Net Assets 2022: $2,422,6812022Assets 2023: $2,732,735Liabilities 2023: $171,423Net Assets 2023: $2,561,3122023Assets 2024: $3,170,453Liabilities 2024: $128,767Net Assets 2024: $3,041,6862024

Highlighted filing

2014

Assets$876,900
Liabilities$71,578
Net Assets$805,322

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $234,236Expenses 2011: $114,602Net Income 2011: $119,6342011Expenses 2012: $161,3052012Revenue 2013: $201,370Expenses 2013: $169,281Net Income 2013: $32,0892013Revenue 2014: $120,341Expenses 2014: $95,140Net Income 2014: $25,2012014Revenue 2015: $118,968Expenses 2015: $48,279Net Income 2015: $70,6892015Revenue 2016: $169,599Expenses 2016: $71,310Net Income 2016: $98,2892016Revenue 2017: $137,581Expenses 2017: $94,209Net Income 2017: $43,3722017Revenue 2018: $820,032Expenses 2018: $177,503Net Income 2018: $642,5292018Revenue 2019: $168,735Expenses 2019: $196,441Net Income 2019: -$27,7062019Revenue 2020: $678,740Expenses 2020: $178,621Net Income 2020: $500,1192020Revenue 2021: $557,918Expenses 2021: $184,762Net Income 2021: $373,1562021Revenue 2022: $224,766Expenses 2022: $340,555Net Income 2022: -$115,7892022Revenue 2023: $300,318Expenses 2023: $344,462Net Income 2023: -$44,1442023Revenue 2024: $511,114Expenses 2024: $300,333Net Income 2024: $210,7812024

Highlighted filing

2014

Revenue$120,341
Expenses$95,140
Net Income$25,201
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 11, 2015
Return Version
2013v4.0
Gross Receipts
$125,894
Mission and Program Overview

Mission

The Foundation supports the College's efforts to enhance student success and strengthen our communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$581,309$681,412▲ $100,103
Cash and Non-Interest-Bearing Accounts$136,016$178,501▲ $42,485
Accounts Receivable$15,100$12,195▼ $2,905
Savings and Temporary Cash Investments$20,178$4,792▼ $15,386
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$752,603$876,900▲ $124,297
Other Assets Total-$0-
Liabilities
Grants Payable$59,900$52,700▼ $7,200
Accounts Payable and Accrued Expenses-$18,878-
Total Liabilities$59,900$71,578▲ $11,678
Net Assets / Fund Balance
Permanently Rstr Net Assets$506,969$519,128▲ $12,159
Temporarily Rstr Net Assets$122,915$184,767▲ $61,852
Unrestricted Net Assets$62,819$101,427▲ $38,608
Total Net Assets Fund Balance$692,703$805,322▲ $112,619
Total Liabilities and Net Assets / Fund Balance$752,603$876,900▲ $124,297

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$4,500$4,500

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$620,254$12,159▲ $83,360-$700,635
2012$538,507$33,725▲ $62,082-$620,254
2011$475,322$60,899▲ $13,439-$538,507
2010$330,715$111,827▲ $38,356-$475,322
2009$273,129$28,124▲ $33,483-$330,715
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rachel KnightChair
Sue BuskeVice Chair
Bill ChristopherBoard Member
Danielle PowellBoard Member
Dave HasslingerBoard Member
David FellerBoard Member
Dennis StefaniBoard Member
Joe MarshallBoard Member
Mark WolframBoard Member
Sharon NussBoard Member
Tom BroetjeBoard Member
Tom McAndrewBoard Member
Rebecca HastingsExecutive Director
Walt YeagerSecretary
Alex LeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$91,518
Program Service Revenue
$0
Investment Income
$3,334
Other Revenue
$25,489
All Other Contributions
$68,576
Change in Net Assets
$25,201
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$67,280
Other Expenses$27,860
Total Fundraising Expense$2,878
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$52,997--$52,997
Grants to Domestic Orgs$14,283--$14,283
Fees for Services Accounting-$10,040-$10,040
Fees for Service Investment Mgmnt Fees-$7,729-$7,729
Occupancy-$1,200-$1,200
Insurance-$1,096-$1,096
All Other Expenses$55$169-$224
Other Expenses$175$4,353$40$175
Total Functional Expenses$67,675$24,587$2,878$95,140
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
91-2010540-Gov't-$14,283
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,553
Fundraising Gross Income$4,348
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$22,719$3,231$422$2,809
Total Events$22,719$3,231$3,653$-422
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
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, Line 11B: Form 990 Review Process

Each member of the Board of Directors receives a copy of 990 to review before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Each director and officer annually sign a statement which affirms that such person has received and understands the provisions of the conflict of interest policy.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon request.

Filing and Contact Details

Filer

EIN
91-1986593
Phone
4253528840

Signing Officer

Name
Alex Lee
Title
Treasurer
Signed
2015-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Knight
Formed
1999
Legal Domicile
Wa
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
40

Preparer

Preparer
Judy C Jones CPA
Phone
2065255170
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Other programs including: reimbursement for BECU sponsorship of food, cookies for graduation ceremony reception, solar array panels, miscellaneous employee recognition expenses, and bank charges.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

To provide scholarships to students.

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IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
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IRS990/LoanOutstandingInd0false
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Foundation supports the College's efforts to enhance student success and strengthen our communities.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetUnrlzdGainsLossesInvstAmt087418
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt01900
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01200
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IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Taxes
IRS990/OtherExpensesGrp/Desc1Gen Donor/Student Event Exp
IRS990/OtherExpensesGrp/Desc2Bank Charges
IRS990/OtherExpensesGrp/Desc3Exp Related to Awards
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IRS990/OtherExpensesGrp/FundraisingAmt140
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04353
IRS990/OtherExpensesGrp/ProgramServicesAmt0165
IRS990/OtherExpensesGrp/ProgramServicesAmt1175
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IRS990/OtherExpensesGrp/TotalAmt12838
IRS990/OtherExpensesGrp/TotalAmt2205
IRS990/OtherExpensesGrp/TotalAmt3175
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IRS990/OtherRevenueMiscGrp/BusinessCd1453000
IRS990/OtherRevenueMiscGrp/BusinessCd2453000
IRS990/OtherRevenueMiscGrp/Desc0Expresso Rental
IRS990/OtherRevenueMiscGrp/Desc1Used Books For Recycle
IRS990/OtherRevenueMiscGrp/Desc2Vending Machine Revenue
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1622
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt211408
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0506969
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0519128
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Rachel Knight
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Supported Cascadia Community College students, faculty and staff by providing community outreach programs and support for college programs as well as support for college programs including: support for The Center, advancing Cascadia grants to five faculty projects, employee recognition to three employees, International Programs Hosting Fund, and President's Discretionary Fund.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt011629
IRS990/ProgSrvcAccomActy3Grp/Desc0Other programs including: reimbursement for BECU sponsorship of food, cookies for graduation ceremony reception, solar array panels, miscellaneous employee recognition expenses, and bank charges.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt03049
IRS990/ProgSrvcAccomActy3Grp/GrantAmt02654
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0154327
IRS990/PYExcessBenefitTransInd0false
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IRS990/PYOtherRevenueAmt020679
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt020178
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04792
IRS990ScheduleA/CollegeOrganizationInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0154327
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0171920
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0188562
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt078397
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0684724
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03334
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt026364
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06853
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01401
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07998
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt045950
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0622
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0805
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0598
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02770
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt034504
IRS990ScheduleA/OtherIncome170Grp/TotalAmt039299
IRS990ScheduleA/PublicSupportCY170Pct00.61180
IRS990ScheduleA/PublicSupportPY170Pct00.61450
IRS990ScheduleA/PublicSupportTotal170Amt0535697
IRS990ScheduleA/SubstantialContributorsTotAmt0149027
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.17$0.13$3.04$0.51$0.30$0.21
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.73$0.17$2.56$0.30$0.34$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.74$0.32$2.42$0.22$0.34$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.15$0.19$2.97$0.56$0.18$0.37
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$0.10$2.44$0.68$0.18$0.50
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.07$0.10$1.97$0.17$0.20$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.00$0.09$1.91$0.82$0.18$0.64
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$0.05$1.17$0.14$0.09$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.04$1.05$0.17$0.07$0.10
2015Summary only. Only limited summary data is available for this year.$0.93$0.03$0.90$0.12$0.05$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.88$0.07$0.81$0.12$0.10$0.03
2013Summary only. Only limited summary data is available for this year.$0.75$0.06$0.69$0.20$0.17$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.05$0.63$0.16
2011Summary only. Only limited summary data is available for this year.$0.61$0.04$0.57$0.23$0.11$0.12
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $500k-$1M nonprofits