SEATTLE CENTRAL COLLEGE FOUNDATION

EIN: 911037870 501(c)(3)

SEATTLE, WA

Total Revenue
$1,420,657
Total Expenses
$520,280
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
WA
Principal Officer
KERRY HOWELL
Phone
2069345490
Tax Period
2018-07-01 to 2019-01-31

SEATTLE CENTRAL COLLEGE FOUNDATION, founded in 1978, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2018. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $900K, a strong 63% operating margin.

Mission

TO SUPPORT SEATTLE CENTRAL STUDENTS, FACULTY AND PROGRAMS BY RAISING AND PROVIDING FINANCIAL RESOURCES TO HELP STUDENTS ACHIEVE THEIR FULLEST POTENTIAL THROUGH QUALITY EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $313,540

COLLEGE PROGRAM FUNDING AND FACULTY GRANTS:PROGRAM FUNDING AND FACULTY GRANTS ENSURE THAT EACH ACADEMIC DEPARTMENT HAS THE FUNDS NECESSARY TO PROVIDE EXTRAORDINARY OPPORTUNITIES TO THEIR STUDENTS AND...

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COLLEGE PROGRAM FUNDING AND FACULTY GRANTS:PROGRAM FUNDING AND FACULTY GRANTS ENSURE THAT EACH ACADEMIC DEPARTMENT HAS THE FUNDS NECESSARY TO PROVIDE EXTRAORDINARY OPPORTUNITIES TO THEIR STUDENTS AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR FACULTY. FUNDING PROVIDED TO SPECIFIC PROGRAMS ALLOWS FOR INNOVATIVE AND RESPONSIVE PROGRAMMING AND EQUIPMENT TO SUPPORT STUDENT LEARNING.

Program 2
Expenses: $82,320

STUDENT SCHOLARSHIPS: TUITION SCHOLARSHIPS TO ATTEND SEATTLE CENTRAL ENABLING OUR STUDENTS TO PURSUE THEIR EDUCATIONAL GOALS. THIS INCLUDES COMMITMENT SCHOLARSHIPS FUNDS WHICH ARE DESIGNED TO ENSURE...

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STUDENT SCHOLARSHIPS: TUITION SCHOLARSHIPS TO ATTEND SEATTLE CENTRAL ENABLING OUR STUDENTS TO PURSUE THEIR EDUCATIONAL GOALS. THIS INCLUDES COMMITMENT SCHOLARSHIPS FUNDS WHICH ARE DESIGNED TO ENSURE THAT TUITION AND FEES ARE COVERED IN FULL FOR LOW-INCOME STUDENTS WHO ATTEND FULL-TIME AND HAVE A 3.0 OR HIGHER GPA. FUNDS ARE ALSO GRANTED TO STUDENTS WITH ACUTE EMERGENCY FINANCIAL NEEDS, ALLOWING THEM TO STAY ENROLLED AND ON TRACK TOWARDS GRADUATION AND TO STUDENTS WHO ARE ONE TO TWO QUARTERS AWAY FROM GRADUATION, ALLOWING THEM TO FINISH THEIR DEGREES.

Program 3
Expenses: $44,717

COLLEGE-WIDE TUTORING PROGRAM: FUNDS ARE PROVIDED TO ENSURE THAT FREE TUTORING IS AVAILABLE FOR ALL STUDENTS AT SEATTLE CENTRAL. THE FOUNDATION'S GOAL TO ELIMINATE FINANCIAL NEED AS A BARRIER TO...

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COLLEGE-WIDE TUTORING PROGRAM: FUNDS ARE PROVIDED TO ENSURE THAT FREE TUTORING IS AVAILABLE FOR ALL STUDENTS AT SEATTLE CENTRAL. THE FOUNDATION'S GOAL TO ELIMINATE FINANCIAL NEED AS A BARRIER TO PAYING TUITION PROVIDES ACCESS FOR STUDENTS WHO WOULD OTHERWISE BE UNABLE TO ATTEND COLLEGE. ADDITIONAL STUDENT SERVICES, LIKE TUTORING, ENSURE THAT STUDENTS HAVE THE TOOLS TO SUCCEED ONCE THEY ENROLL.

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Trantor Score

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

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $1,095,882
Program Service Revenue $0
Investment Income $324,775
Other Revenue $0
TOTAL REVENUE $1,420,657

Expense Breakdown

Grants Paid $422,244
Salaries & Benefits $0
Fundraising Expenses $12,331
Program Expenses $440,577
Other Expenses $98,036
TOTAL EXPENSES $520,280

Year-over-Year Comparison

2018 2017 Change
Revenue $1,420,657 $2,105,481 -0.3%
Expenses $520,280 $1,915,702 -0.7%
Net Income $900,377 $189,779 +3.7%
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
15
Independent Members
15
Employees
N/A
Volunteers
10

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
7
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL CHEUNG VP FINANCE 4.00
Officer Director
$0 $0 $0
LAURIE WARSHAL COHEN BOARD MEMBER 1.00
Director
$0 $0 $0
RICK DAVIS BOARD MEMBER 2.00
Director
$0 $0 $0
JAN DYER COM RELATIONS 2.00
Officer Director
$0 $0 $0
RON JENKINS BOARD MEMBER 1.00
Director
$0 $0 $0
LU JIANG BOARD MEMBER 1.00
Director
$0 $0 $0
SHEILA EDWARDS LANGE COLLEGE PRESIDENT 4.00
Officer Director
$0 $0 $0
ANNE MOLDREM TREASURER 2.00
Officer Director
$0 $0 $0
TOM MEYERS BOARD MEMBER 1.00
Director
$0 $0 $0
DEE NEWSON BOARD MEMBER 1.00
Director
$0 $0 $0
GAY NIVEN VP BD DEV 2.00
Officer Director
$0 $0 $0
MARY PUGH CO-CHAIR EVENTS 2.00
Director
$0 $0 $0
SUZANNE SAINATO PRESIDENT ELECT, CO-CHAIR EVENTS 3.00
Director
$0 $0 $0
LAUREN SATO BOARD MEMBER 1.00
Director
$0 $0 $0
MITCH TEUFEL BD PRESIDENT 3.00
Officer Director
$0 $0 $0
MELBA BARTELS BOARD MEMBER 1.00
Director
$0 $0 $0
MILDRED OLLEE VP SCHOLARSHIPS 1.00
Director
$0 $0 $0
JESSICA NOROUZI INTERIM EXECUTIVE DIRECTOR 20.00
Officer
$0 $0 $0
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
2019 $1,420,657 $520,280 No data $900,377
2018 $2,105,481 $1,915,702 $11,155,661 $189,779
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