BELLEVUE COLLEGE FOUNDATION

EIN: 911051671 501(c)(3) Education

BELLEVUE, WA

Total Revenue
$3,965,099
Total Expenses
$4,044,825
Total Assets
$28,585,858
Net Assets
$28,192,213
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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
SEAN MARSH
Phone
4255645074
Tax Period
2024-07-01 to 2025-06-30

BELLEVUE COLLEGE FOUNDATION, founded in 1978, is a community nonprofit in the Education sector that reported $4.0M in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Net assets of $28.2M represent 85 months of operating reserves.

Mission

SUPPORTS BELLEVUE COLLEGE, ITS FACULTY AND ITS STUDENTS.(SEE FULL DESCRIPTION IN SCHEDULE O.) BELLEVUE COLLEGE FOUNDATION WORKS IN TANDEM WITH BELLEVUE COLLEGE TO GENERATE FUNDS FOR THE SCHOOL, SHARING STAFF AND FACILITIES WITH THE COLLEGE.THE FOUNDATION ADMINISTERS DONOR RESTRICTED FUNDS FOR THE BENEFIT OF VARIOUS DEPARTMENTS AND PROGRAMS OF BELLEVUE COLLEGE, FOR STUDENT SCHOLARSHIPS AND FOR FACULTY EXCELLENCE.

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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 $2,504,712
Program Service Revenue $97,456
Investment Income $994,724
Other Revenue $368,207
TOTAL REVENUE $3,965,099

Expense Breakdown

Grants Paid $2,458,490
Salaries & Benefits $795,170
Fundraising Expenses $528,267
Program Expenses $2,784,343
Other Expenses $791,165
TOTAL EXPENSES $4,044,825

Year-over-Year Comparison

2024 2023 Change
Revenue $3,965,099 $6,661,079 -0.4%
Expenses $4,044,825 $3,451,591 +0.2%
Net Income $-79,726 $3,209,488 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
143

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
3
$326,642
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANA K GRAY BOARD MEMBER 2.00
Director
$0 $0 $0
SAGHAR AMINI BOARD MEMBER 2.00
Director
$0 $0 $0
JAMES R CHESEMORE BOARD MEMBER 2.00
Director
$0 $0 $0
ANDREW BAUMANN BOARD MEMBER 2.00
Director
$0 $0 $0
SERENA CARLSEN BOARD MEMBER 2.00
Director
$0 $0 $0
LISA M BROCK PRESIDENT 4.00
Director
$0 $0 $0
ZAHRA HIRANI TREASURER 4.00
Director
$0 $0 $0
CHELLE CHASE VP - GOVERNANCE 2.00
Director
$0 $0 $0
SHAIROSE GULAMANI BOARD MEMBER 2.00
Director
$0 $0 $0
LESLIE A HEIZER NEWQUIST BOARD MEMBER 2.00
Director
$0 $0 $0
TOM NIELSEN VP - DEVELOPMENT 2.00
Director
$0 $0 $0
ERIC P VONDERSCHEER BOARD MEMBER 2.00
Director
$0 $0 $0
ANGELA GRAVES BOARD MEMBER 2.00
Director
$0 $0 $0
BLANKA KOPACZ BOARD MEMBER 2.00
Director
$0 $0 $0
CIMA J MALEK-ASLANI BOARD MEMBER 2.00
Director
$0 $0 $0
MARIA VILLA-WIGFALL SECRETARY 2.00
Director
$0 $0 $0
GRACE YU BOARD MEMBER 2.00
Director
$0 $0 $0
PAUL FEAVEL DIRECTOR OF FOUNDATION FINANCE 30.00
Officer
$0 $25,305 $149,357
LISA CARROLL SENIOR DIRECTOR OF DEVELOPMENT 40.00
Officer
$0 $25,297 $149,206
MICHELE LAHTI INTERIM EXECUTIVE DIRECTOR 10.00
Officer
$0 $1,902 $28,079
MELISSA JOHNSON FORMER EXECUTIVE DIRECTOR 40.00
$0 $27,613 $176,834
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 $3,965,099 $4,044,825 $28,585,858 $-79,726
2024 $6,661,079 $3,451,591 $27,245,009 $3,209,488
2023 $4,461,791 $2,267,022 $22,794,135 $2,194,769
2022 $2,540,968 $2,136,747 $18,715,447 $404,221
2021 $3,738,289 $1,808,421 $20,830,969 $1,929,868
2020 $3,715,753 $2,062,859 $15,468,566 $1,652,894
2019 $3,170,124 $2,063,302 $14,355,039 $1,106,822
2018 $3,094,523 $1,974,728 $13,408,451 $1,119,795
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