Civic Intelligence

Sequim Education Foundation

990 • Fiscal year 2022 • EIN 91-2122290

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 21, 2022

Organization Profilewww.sequimeducationfoundation.org
PO Box 3065Sequim, WA 98382

(360) 461-4455

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

23rd percentile

0.01x

Higher debt load relative to revenue than 23% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

79th percentile

30%

Higher net margin than 79% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

11th percentile

-16%

Faster asset growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

12th percentile

-33%

Faster revenue growth than 12% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$1,412,932

Down $276,915 (-16%) from 2021

Net Assets

Down

$1,412,017

Down $277,359 (-16%) from 2021

Liabilities

Up

$915

Up $444 (+94%) from 2021

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin79th percentile

Revenue

Down

$160,770

Down $80,833 (-33%) from 2021

Expenses

Up

$112,991

Up $7,454 (+7.1%) from 2021

Net Income

Down

$47,779

Down $88,287 (-65%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $224,755Net Assets 2010: $224,7552010Assets 2011: $228,963Liabilities 2011: $0Net Assets 2011: $228,9632011Assets 2012: $228,052Liabilities 2012: $35,204Net Assets 2012: $192,8482012Assets 2013: $248,600Liabilities 2013: $34,705Net Assets 2013: $213,8952013Assets 2014: $560,632Liabilities 2014: $1Net Assets 2014: $560,6312014Assets 2015: $1,220,865Liabilities 2015: $104,225Net Assets 2015: $1,116,6402015Assets 2016: $1,176,969Liabilities 2016: $0Net Assets 2016: $1,176,9692016Assets 2017: $1,243,716Liabilities 2017: $490Net Assets 2017: $1,243,2262017Assets 2018: $1,307,984Liabilities 2018: $388Net Assets 2018: $1,307,5962018Assets 2019: $1,347,091Liabilities 2019: $0Net Assets 2019: $1,347,0912019Assets 2020: $1,335,084Liabilities 2020: $404Net Assets 2020: $1,334,6802020Assets 2021: $1,689,847Liabilities 2021: $471Net Assets 2021: $1,689,3762021Assets 2022: $1,412,932Liabilities 2022: $915Net Assets 2022: $1,412,0172022Assets 2023: $1,472,092Liabilities 2023: $1,256Net Assets 2023: $1,470,8362023Assets 2024: $2,523,355Liabilities 2024: $1,298Net Assets 2024: $2,522,0572024Assets 2025: $2,750,354Liabilities 2025: $15Net Assets 2025: $2,750,3392025

Highlighted filing

2022

Assets$1,412,932
Liabilities$915
Net Assets$1,412,017
Open 2022 Filing

Operations Trend

Revenue Growth12th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $48,535Expenses 2010: $26,761Net Income 2010: $21,7742010Expenses 2011: $20,0682011Expenses 2012: $36,6622012Expenses 2013: $29,3382013Revenue 2014: $337,046Expenses 2014: $42,861Net Income 2014: $294,1852014Revenue 2015: $686,515Expenses 2015: $54,630Net Income 2015: $631,8852015Revenue 2016: $68,740Expenses 2016: $84,534Net Income 2016: -$15,7942016Revenue 2017: $94,560Expenses 2017: $81,545Net Income 2017: $13,0152017Revenue 2018: $151,068Expenses 2018: $110,219Net Income 2018: $40,8492018Revenue 2019: $124,513Expenses 2019: $104,586Net Income 2019: $19,9272019Revenue 2020: $109,875Expenses 2020: $94,352Net Income 2020: $15,5232020Revenue 2021: $241,603Expenses 2021: $105,537Net Income 2021: $136,0662021Revenue 2022: $160,770Expenses 2022: $112,991Net Income 2022: $47,7792022Revenue 2023: $93,513Expenses 2023: $125,210Net Income 2023: -$31,6972023Revenue 2024: $1,070,507Expenses 2024: $132,781Net Income 2024: $937,7262024Revenue 2025: $180,148Expenses 2025: $127,026Net Income 2025: $53,1222025

Highlighted filing

2022

Revenue$160,770
Expenses$112,991
Net Income$47,779
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 21, 2022
Return Version
2021v4.0
Gross Receipts
$160,770
Mission and Program Overview

Mission

To be a catalyst for vibrant growth of each student in the Sequim School District.

Sequim education foundation's vision is to inspire and support a lifelong love of learning

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,607,099$1,333,754▼ $273,345
Savings and Temporary Cash Investments$74,435$69,597▼ $4,838
Cash and Non-Interest-Bearing Accounts$8,313$9,581▲ $1,268
Total Assets$1,689,847$1,412,932▼ $276,915
Liabilities
Accounts Payable and Accrued Expenses$471$915▲ $444
Total Liabilities$471$915▲ $444
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,689,376$1,412,017▼ $277,359
Total Net Assets Fund Balance$1,689,376$1,412,017▼ $277,359
Total Liabilities and Net Assets / Fund Balance$1,689,847$1,412,932▼ $276,915
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Jody SpiveyPresident
Allison LotzgesellDirector
Elna KawalDirector
Jodi OlsonDirector
Larry JeffryesDirector
Rachel AndersonDirector
Philip TrowbridgeCurrent Yr P
Jane PryerEx-officio M
Kathryn PacelliScholarship
Paul PacelliScholarship
Linda De IvernoisSecretary
Glenn BeachTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$63,399
Program Service Revenue
$0
Investment Income
$97,371
Other Revenue
$0
All Other Contributions
$63,399
Change in Net Assets
$47,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$74,659
Other Expenses$23,241
Salaries, Compensation, and Employee Benefits$15,091
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$39,493--$39,493
Grants to Domestic Individuals$35,166--$35,166
Fees for Service Investment Mgmnt Fees-$15,931-$15,931
Other Salaries and Wages-$13,889-$13,889
Office Expenses$2,100$975-$3,075
Fees for Services Accounting-$1,794-$1,794
Insurance-$1,546-$1,546
Payroll Taxes-$1,202-$1,202
Other Expenses-$125-$125
Total Functional Expenses$76,759$36,232$0$112,991
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sequim School DistrictSequim, WA--$39,493
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
Backup withholding compliance
No
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
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Board reviews form 990 and votes to accept the filing as complete and correct”

Form 990, Page 6, Part VI, Line 12C

“Board members annually sign a conflict of interest policy”

Form 990, Page 6, Part VI, Line 15A

“Hiring and salary approval for executive director was reviewed and recommended by olympic view community foundation and the phillips foundation. In addition, the port angeles education foundation, another local foundation, was consulted for comparable salary and benefits ranges. An sef board member presented her recommendation to the full sef board for approval.”

Form 990, Page 6, Part VI, Line 19

“Documents are available to the public upon specific request.”

Filing and Contact Details

Filer

Filer Name
Sequim Education Foundation
EIN
91-2122290
Phone
3604614455
Address
PO BOX 3065, SEQUIM, WA 98382

Signing Officer

Name
Philip Trowbridge
Title
Current Yr President
Phone
3604614455
Signed
2022-11-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Philip Trowbridge
Formed
2001
Voting Board Members
14
Independent Board Members
12
Employees
1
Volunteers
14

Preparer

Firm
Olympic Tax & Business Consulting LLC
Address
572 N 5TH AVE, SEQUIM, WA 98382-3079
Preparer
Sherry Lacey CPA
Phone
3606928808
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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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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt092741
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt084355
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0523172
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt097371
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0185582
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt063123
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt092741
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt084355
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0523172
IRS990ScheduleA/InvestmentIncomeCYPct00.66000
IRS990ScheduleA/InvestmentIncomePYPct00.66000
IRS990ScheduleA/PrivateFoundation509Ind0X
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.33540
IRS990ScheduleA/PublicSupportPY509Pct00.34300
IRS990ScheduleA/PublicSupportTotal509Amt0264035
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt063399
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt056021
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt046219
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt031683
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt066713
IRS990ScheduleA/Total509Grp/TotalAmt0264035
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0160770
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0241603
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0109342
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0124424
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0151068
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0787207
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/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt035166
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt021
IRS990ScheduleI/RecipientTable/CashGrantAmt039493
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SEQUIM SCHOOL DISTRICT
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0503 N SEQUIM AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SEQUIM
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WA
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD REVIEWS FORM 990 AND VOTES TO ACCEPT THE FILING AS COMPLETE AND CORRECT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ANNUALLY SIGN A CONFLICT OF INTEREST POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HIRING AND SALARY APPROVAL FOR EXECUTIVE DIRECTOR WAS REVIEWED AND RECOMMENDED BY OLYMPIC VIEW COMMUNITY FOUNDATION AND THE PHILLIPS FOUNDATION. IN ADDITION, THE PORT ANGELES EDUCATION FOUNDATION, ANOTHER LOCAL FOUNDATION, WAS CONSULTED FOR COMPARABLE SALARY AND BENEFITS RANGES. AN SEF BOARD MEMBER PRESENTED HER RECOMMENDATION TO THE FULL SEF BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON SPECIFIC REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01689847
IRS990/TotalAssetsEOYAmt01412932
IRS990/TotalAssetsGrp/BOYAmt01689847
IRS990/TotalAssetsGrp/EOYAmt01412932
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt063399
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036232
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt076759
IRS990/TotalFunctionalExpensesGrp/TotalAmt0112991
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0471
IRS990/TotalLiabilitiesEOYAmt0915
IRS990/TotalLiabilitiesGrp/BOYAmt0471
IRS990/TotalLiabilitiesGrp/EOYAmt0915
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IRS990/TotalProgramServiceExpensesAmt076759
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt097371
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0160770
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01689847
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01412932
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0150 WARD LANE
IRS990/USAddress/CityNm0SEQUIM
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098382
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PHILIP TROWBRIDGE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CURRENT YR PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03604614455
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SEQUIM EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SEQU
ReturnHeader/Filer/EIN0912122290
ReturnHeader/Filer/PhoneNum03604614455
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 3065
ReturnHeader/Filer/USAddress/CityNm0SEQUIM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098382
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464153109
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OLYMPIC TAX & BUSINESS CONSULTING LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0572 N 5TH AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SEQUIM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0983823079
ReturnHeader/PreparerPersonGrp/PhoneNum03606928808
ReturnHeader/PreparerPersonGrp/PreparationDt02022-12-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHERRY LACEY CPA
ReturnHeader/ReturnTs02023-02-06T17:16:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PHILIP
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TROWBRIDGE
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,412,932
Liabilities
$915
Net assets
$1,412,017
Revenue
$160,770
Expenses
$112,991
Net income
$47,779
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.75$0.00$2.75$0.18$0.13$0.05
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.52$0.00$2.52$1.07$0.13$0.94
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.47$0.00$1.47$0.09$0.13$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$0.16$0.11$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.00$1.69$0.24$0.11$0.14
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.00$1.33$0.11$0.09$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.00$1.35$0.12$0.10$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.00$1.31$0.15$0.11$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.00$1.24$0.09$0.08$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.00$1.18$0.07$0.08$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.22$0.10$1.12$0.69$0.05$0.63
2014Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.34$0.04$0.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.03$0.21$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.04$0.19$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.00$0.23$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.22$0.05$0.03$0.02