NORTH THURSTON EDUCATION FOUNDATION

EIN: 911433235 501(c)(3)

LACEY, WA

Total Revenue
$633,208
Total Expenses
$448,545
Total Assets
$2,572,005
Net Assets
$2,572,005
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
WA
Principal Officer
JERRY LONG
Phone
3606283281
Tax Period
2024-08-01 to 2025-07-31

NORTH THURSTON EDUCATION FOUNDATION, founded in 1989, is a small nonprofit that reported $633K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $185K, a strong 29% operating margin.

Mission

TO ENHANCE EDUCATIONAL OPPORTUNITIES AND EDUCATIONAL EXCELLECNE FOR STUDENTS OF THE NORTH THURSTON PUBLC SCHOOLS (NTPS).

Program Service Accomplishments

Program 1
Expenses: $82,064

SCHOLARSHIP PROGRAM AWARDS ARE MADE YEARLY TO HIGH SCHOOL GRADUATES TO FURTHER THEIR EDUCATION IN COLLEGES, UNIVERSITIES OR POST-SECONDARY INSTITUTIONS. FIFTY-TWO SCHOLARSHIPS WERE AWARDED IN 2024...

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SCHOLARSHIP PROGRAM AWARDS ARE MADE YEARLY TO HIGH SCHOOL GRADUATES TO FURTHER THEIR EDUCATION IN COLLEGES, UNIVERSITIES OR POST-SECONDARY INSTITUTIONS. FIFTY-TWO SCHOLARSHIPS WERE AWARDED IN 2024, TWENTY WERE RENEWALS FOR MULTI-YEAR SCHOLARSHIPS.

Program 2
Expenses: $242,242

GRANTS MADE TO SCHOOLS IN THE NORTH THURSTON PUBLIC SCHOOLS TO BE USED FOR NEEDY STUDENTS TO ASSIST IN MEETING SCHOOL REQUIREMENTS AND SOME PERSONAL NEEDS INCIDENTIAL TO THEIR OBTAINING AN EDUCATION...

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GRANTS MADE TO SCHOOLS IN THE NORTH THURSTON PUBLIC SCHOOLS TO BE USED FOR NEEDY STUDENTS TO ASSIST IN MEETING SCHOOL REQUIREMENTS AND SOME PERSONAL NEEDS INCIDENTIAL TO THEIR OBTAINING AN EDUCATION. GRANTS CONTINUE TO INCLUDE RENT/UTILITIES, FOOD AND TOILETRY CLOSETS IN MIDDLE AND HIGH SCHOOLS TO PROVIDE FOODS AND OTHER ITEMS FOR HOMELESS STUDENTS AND OTHERS IN NEED. APPROXIMATELY 10,740 STUDENTS RECEIVED ASSISTANCE.

Program 3
Expenses: $21,064

LEARNING IMPROVEMENT GRANTS MADE TO EDUCATORS TO ENCOURAGE INSTRUCTIONAL INNOVATION AND IMPROVEMENT IN STUDENT LEARNING. APPROXIMATELY 6,538 STUDENTS WERE SERVED BY THE LEARNING GRANTS.

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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 $487,779
Program Service Revenue $0
Investment Income $139,996
Other Revenue $5,433
TOTAL REVENUE $633,208

Expense Breakdown

Grants Paid $226,938
Salaries & Benefits $147,393
Fundraising Expenses $44,218
Program Expenses $345,370
Other Expenses $74,214
TOTAL EXPENSES $448,545

Year-over-Year Comparison

2024 2023 Change
Revenue $633,208 $697,628 -0.1%
Expenses $448,545 $745,101 -0.4%
Net Income $184,663 $-47,473 -4.9%
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
12
Independent Members
12
Employees
1
Volunteers
60

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE FORREY PRESIDENT 5.00
Officer Director
$0 $0 $0
ERIC ZABALA VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
JERRY LONG TREASURER 5.00
Officer Director
$0 $0 $0
ROBERT ALMADA TRUSTEE 2.00
Director
$0 $0 $0
HEATHER LARSON TRUSTEE 2.00
Director
$0 $0 $0
CASEY CRAWFORD TRUSTEE 2.00
Director
$0 $0 $0
BRENDA MCAFERTY TRUSTEE 2.00
Director
$0 $0 $0
DAVID NEWKIRK TRUSTEE 2.00
Director
$0 $0 $0
VERONICA SHRIVER SECRETARY 5.00
Officer Director
$0 $0 $0
SERENITY MALLOY TRUSTEE 2.00
Director
$0 $0 $0
ERICA PALKOVITZ TRUSTEE 2.00
Director
$0 $0 $0
MICHELLE GIPSON TRUSTEE 2.00
Director
$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
2025 $633,208 $448,545 $2,572,005 $184,663
2024 $697,628 $745,101 $2,388,887 $-47,473
2023 $473,361 $767,795 $2,330,570 $-294,434
2022 $475,845 $817,877 $2,688,716 $-342,032
2021 $600,568 $519,745 $3,407,409 $80,823
2020 $360,439 $536,702 $3,059,079 $-176,263
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