Skagit Valley College Foundation

EIN: 911012915 501(c)(3) Education

Mount Vernon, WA

Total Revenue
$4,366,714
Total Expenses
$3,486,667
Total Assets
$30,860,302
Net Assets
$30,369,367
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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
WA
Principal Officer
Kathleen Petrzelka
Phone
3604163229
Tax Period
2024-07-01 to 2025-06-30

Skagit Valley College Foundation, founded in 1978, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $880K, a strong 20% operating margin.

Mission

Secure donations to enhance education at Skagit Valley College through scholarships, grants, and institutional support.

Program Service Accomplishments

Program 1
Expenses: $1,841,637

$1,024,098 in academic scholarships were awarded to Skagit Valley College students for the 2024/2025 school year. $714,586 (includes $8,006 of in-kind services) in program assistance grants were...

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$1,024,098 in academic scholarships were awarded to Skagit Valley College students for the 2024/2025 school year. $714,586 (includes $8,006 of in-kind services) in program assistance grants were awarded to Skagit Valley College programs for the 2024/2025 school year.Skagit Valley College provides academic transfer and professional technical 2-year degrees and certificates in over 25 fields of study; many of these degrees transfer to most Washington State 4-year colleges and universities. Additionally, Skagit Valley College provides 4-year bachelor's degrees in Applied Science (BAS), Advanced Manufacturing and Design, Early Childhood Education, Environmental Conservation, Applied Management, and Computer Science. For students looking to become college-ready, SVC offers Adult Basic Education courses and prep classes in math, English, English Language Acquisition, GED and more.

Program 2
Expenses: $836,482 Revenue: $878,024

Skagit Valley College Foundation operates Campus View Village, a safe and inclusive student housing program on the north-end of the Skagit Valley College campus. Campus View Village serves up to 140...

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Skagit Valley College Foundation operates Campus View Village, a safe and inclusive student housing program on the north-end of the Skagit Valley College campus. Campus View Village serves up to 140 students year-round taking courses at Skagit Valley College. This popular program houses a large number of international students, student athletes, and others, making Campus View Village a dynamic and engaging addition to the Skagit Valley College culture. For more information, visit www.skagit.edu/cvv.

Program 3
Expenses: $305,556 Revenue: $139,617

The Foundation operates the Cardinal Athletics Booster Club for the benefit of student athletes. $107,763 in athletic scholarships were awarded to Skagit Valley College student athletes for the...

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The Foundation operates the Cardinal Athletics Booster Club for the benefit of student athletes. $107,763 in athletic scholarships were awarded to Skagit Valley College student athletes for the 2024/2025 school year.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,259,429
Program Service Revenue $1,017,641
Investment Income $1,223,524
Other Revenue $-133,880
TOTAL REVENUE $4,366,714

Expense Breakdown

Grants Paid $1,845,679
Salaries & Benefits $66,513
Fundraising Expenses $108,821
Program Expenses $2,983,675
Other Expenses $1,574,475
TOTAL EXPENSES $3,486,667

Year-over-Year Comparison

2024 2023 Change
Revenue $4,366,714 $5,201,128 -0.2%
Expenses $3,486,667 $3,172,569 +0.1%
Net Income $880,047 $2,028,559 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
156

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$133,615
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Vhari Rust-Clark President 2.00
Officer Director
$0 $0 $0
John Sternlicht Vice-President 2.00
Officer Director
$0 $0 $0
Brian Gentry Treasurer 1.00
Officer Director
$0 $0 $0
Danielle Martin Secretary 1.00
Officer Director
$0 $0 $0
Janie Beasley Director 1.00
Director
$0 $0 $0
Todd Krantz Director 1.00
Director
$0 $0 $0
Isaac Williams Director 1.00
Director
$0 $0 $0
Margaret Rojas Director 1.00
Director
$0 $0 $0
Charlie Wend Director 1.00
Director
$0 $0 $0
Dave Ryberg Director 1.00
Director
$0 $0 $0
Kathy Doll Director 1.00
Director
$0 $0 $0
Nancy Rytand-Carey Director 1.00
Director
$0 $0 $0
Tim Rawlins Director 1.00
Director
$0 $0 $0
Amy Hong Director 1.00
Director
$0 $0 $0
Kathleen Petrzelka Executive Director 40.00
Officer
$109,075 $24,540 $133,615
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,366,714 $3,486,667 $30,860,302 $880,047
2024 $5,201,128 $3,172,569 $28,822,945 $2,028,559
2023 $5,969,491 $2,374,698 $25,435,050 $3,594,793
2022 $4,966,852 $2,304,803 $21,510,181 $2,662,049
2021 $3,336,933 $2,325,138 $22,764,400 $1,011,795
2020 $3,494,212 $1,855,924 $19,270,496 $1,638,288
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