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Mount Baker Scholarship Foundation FY2023 filing

Tax-deductible

Deming, WA501(c)(3)Foundations & GrantmakersEIN 46-3266341Revenue $1.9M in FY2023

On file with the IRSPo Box 875, 98244-0875 · Deming, WATax-exempt since Sep 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Provide scholarships for high school students in the mt. Baker school district.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $604K a year · 78% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 13.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $16K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
+141% vs prior year
Spent
$152K
To programs
100%
Net assets
$6.4M
By yearFY2020–FY2024
Revenue
$1.9M
FY2023▲ +141%
Tap a bar for its year
Revenue by fiscal year
FY2020$154K
FY2021$255K
FY2022$786K
FY2023$1.9M
FY2024$800K
Expenses
$152K
FY2023▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2020$159K
FY2021$155K
FY2022$182K
FY2023$152K
FY2024$222K
Net assets
$6.4M
FY2023▲ +60%
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$4.3M
FY2022$4.0M
FY2023$6.4M
FY2024$7.6M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Sep 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $152K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Deka Wiebusch
Investments
$0Pt VII · Sec A
Hailey Huntly
Select Chair
$0Pt VII · Sec A
Mary Compton
Vice President
$0Pt VII · Sec A
Joan Hammer
Secretary
$0Pt VII · Sec A
Mandy Hadeen
Treasurer
$0Pt VII · Sec A
Trena Hammer
President
$0Pt VII · Sec A

Amanda Hadeen’s $2K as Treasurer is at the 2nd percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Mount Baker Scholarship Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards scholarships to high school students in the Mt. Baker School District.

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Provided by the organization

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1 program · $152K · in their own filed words · FY2023
01

Provide scholarships to high school students

$152Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Fidelity Investments Charitable Gift FundFY2023$10K
Donor Advised Charitable Giving INCFY2023$6K
Total grants receivedfrom 2 funders$16K
Grants paid · 4 grants · $661K · 2021–2024
Unitemized GrantFY2024$206,613
Unitemized GrantFY2023$135,767
Unitemized GrantFY2022$170,241
Unitemized GrantFY2021$148,513

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.9M
Ln 12
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$395K
Money outPt IX
$152K
Ln 25
Programscol B$152K
Owns and owesPt X
$6.4M
net assets · Ln 32
Cash and savingsLn 1–2$174K
Total assetsLn 16$6.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$395K
Gains on assetsLn 7$24K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$165K
SavingsLn 2$9K
Cash and savings togetherLn 1–2$174K
InvestmentsLn 11–13$6.3M
Total assetsLn 16$6.4M
LiabilitiesLn 26$0
Net assetsLn 32$6.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$137K$174K
InvestmentsLn 11–13$3.9M$6.3M
Total assetsLn 16$4.0M$6.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$4.0M$6.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$144K$144K
Legal feesLn 11b$828$828
Other fees for servicesLn 11g$3K$3K
Office expensesLn 13$519$519
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$152K$152K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $800K$222K$577K$7.6M 990 PDF
FY2023 Viewing $1.9M$152K$1.7M$6.4M 990 PDF
FY2022 $786K$182K$604K$4.0M 990 PDF
FY2021 $255K$155K$100K$4.3M 990 PDF
FY2020 $154K$159K−$4K$0 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $1,897,159 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $608,008$1,501,731
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $178,157$395,428
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $786,165$1,897,159
I-13 Grants and similar amounts paidPrior year $170,241$143,767
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $11,771$8,318
I-18 Total expensesPrior year $182,012$152,085
I-19 Revenue less expensesPrior year $604,153$1,745,074
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,897,159 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,501,731
VIII-1h Total contributions, gifts and grants$1,501,731
VIII-3 Investment incomeRelated to mission $371,204$371,204
VIII-7 Net gain or loss on sales of assetsRelated to mission $24,224$24,224
VIII-12 Total revenueRelated to mission $395,428 · Unrelated business $0 · Excluded from tax $0$1,897,159
Part IX · Statement of functional expenses $152,085 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $143,767$143,767
IX-11b Legal feesPrograms $828$828
IX-11g Other fees for servicesPrograms $3,000$3,000
IX-13 Office expensesPrograms $519$519
IX-23 InsurancePrograms $1,506$1,506
IX-24 Other expenses (24a–d)Programs $2,465$2,465
IX-25 Total functional expensesPrograms $152,085 · Management $0 · Fundraising $0$152,085
Part X · Balance sheet $6,432,112 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $128,216$164,851
X-2 Savings and temporary cash investmentsStart of year $9,053$9,099
X-13 Program-related investmentsStart of year $3,891,961$6,258,162
X-16 Total assetsStart of year $4,029,230$6,432,112
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $4,029,230$6,432,112
X-33 Total liabilities and net assetsStart of year $4,029,230$6,432,112
Part XI · Reconciliation of net assets $6,432,112 net assets at year end
XI-1 Total revenue$1,897,159
XI-2 Total expenses$152,085
XI-3 Revenue less expenses$1,745,074
XI-4 Net assets at start of year$4,029,230
XI-5 Net unrealized gains (losses) on investments$657,808
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,432,112

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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