Seattle Colleges Foundation FY2020 filing

Tax-deductible

Seattle, WA501(c)(3)EducationEIN 83-0551671Revenue $5.2M in FY2020

On file with the IRSfoundation.seattlecolleges.edu1500 Harvard Ave, 98122-3803 · Seattle, WATax-exempt since Dec 2018Publicly supported charity — 170(b)(1)(A)(vi)

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We catalyze community support to advance the mission, work and impact of Seattle Colleges.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$332K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $2.5M a year · 34% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$332K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
27
named funders · $2.2M
Looks good: 27 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.2M
Spent
$2.4M
To programs
77%
Net assets
$26.9M
By yearFY2020–FY2025
Revenue
$5.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5.2M
FY2021$7.3M
FY2022$8.4M
FY2023$10.1M
FY2024$7.3M
FY2025$5.5M
Expenses
$2.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.2M
FY2022$3.2M
FY2023$5.6M
FY2024$7.1M
FY2025$8.4M
Net assets
$26.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$26.9M
FY2021$37.1M
FY2022$37.5M
FY2023$44.2M
FY2024$47.4M
FY2025$47.4M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2018.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $1.8M Management & general 19% · $439K Fundraising 4% · $105K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $332K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chief Executive Officer
$201,960Pt VII · Sec A
Executive Director
$129,600Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kerry Howell’s $224K as Chief Executive Officer is at the 87th percentile of top reported officer pay among 3395 $1–10M education 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.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kerry Howell$223,867$216,010$208,710$203,341$198,110$201,960
Michael Beneke$144,931$140,235$135,295$133,588$117,181—
Traci Russell$142,068$142,068$120,959$131,136$127,567$129,600
Nick Pennington$141,623$136,767————
Joey McLemore$125,028—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Supports Seattle Colleges' mission, work, and impact through community engagement.

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Provided by the organization

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2 programs · $1.8M · in their own filed words · FY2019
01

Student Scholarships

Seattle colleges is an inclusive, open-access institution, and we recognize that significant gaps in educational attainment persist for first-generation students, students of color, and students facing economic challenges.

$1.1Mprogram expense
02

Academic Program Support

Seattle colleges provides a comprehensive array of high quality associate's, bachelor's, and technical and professional degree programs. Program grants fortify proven student success initiatives, update academic program offerings, enhance professional development opportunities for faculty and staff, and modernize state-of-the-art…

$734Kprogram 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 · FY2024
See all 27 funders →
Grants paid · 6 grants · $12.6M · 2019–2024
Unitemized GrantFY2024$4,394,058
Unitemized GrantFY2023$2,821,503
Unitemized GrantFY2022$1,979,957
Unitemized GrantFY2021$1,382,621
Unitemized GrantFY2020$960,924
Unitemized GrantFY2019$1,092,991

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5.2M
Ln 12
Gifts and grantsLn 1h$4.2M
Investment incomeLn 3$1.1M
Money outPt IX
$2.4M
Ln 25
Programscol B$1.8M
Managementcol C$439K
Fundraisingcol D$105K
Owns and owesPt X
$26.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$28.5M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.2M
Noncash giftsLn 1g$46K
Fundraising eventsLn 1c$314K
Investment incomeLn 3$1.1M
Gains on assetsLn 7$547K
Total revenueLn 12$5.2M
Assets in detailPt X, end of year
CashLn 1$838K
SavingsLn 2$253K
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$25.5M
Total assetsLn 16$28.5M
LiabilitiesLn 26$1.6M
Net assetsLn 32$26.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.3M$1.1M
InvestmentsLn 11–13$20.4M$25.5M
Total assetsLn 16$25.2M$28.5M
LiabilitiesLn 26$1.5M$1.6M
Net assetsLn 32$23.8M$26.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.1M$1.1M
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$201K$201K
Investment management feesLn 11f$67K$67K
Other fees for servicesLn 11g$24K$660$19K$5K
Office expensesLn 13$25K$1K$3K$20K
Information technologyLn 14$81K$185$75K$6K
TravelLn 17$505$54$105$346
Conferences, conventions and meetingsLn 19$103K$33K$19K$51K
Other expenses (24a–d)Ln 24$773K$699K$53K$22K
Total functional expensesLn 25$2.4M$1.8M$439K$105K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.5M$8.4M−$2.9M$47.4M 990 PDF
FY2024 $7.3M$7.1M$159K$47.4M 990 PDF
FY2023 $10.1M$5.6M$4.5M$44.2M 990 PDF
FY2022 $8.4M$3.2M$5.2M$37.5M 990 PDF
FY2021 $7.3M$2.2M$5.1M$37.1M 990 PDF
FY2020 Viewing $5.2M$2.4M$2.8M$26.9M 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 FY2020 990 (6 parts)
Part I · Summary $5,196,384 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,788,295$4,159,744
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,506,665$1,076,644
I-11 Other revenuePrior year $0−$40,004
I-12 Total revenuePrior year $4,294,960$5,196,384
I-13 Grants and similar amounts paidPrior year $1,005,465$1,092,991
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 $436,832$1,277,777
I-18 Total expensesPrior year $1,442,297$2,370,768
I-19 Revenue less expensesPrior year $2,852,663$2,825,616
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $5,196,384 across 8 lines filed
VIII-1c Fundraising events$314,460
VIII-1f All other contributions, gifts and grants$3,845,284
VIII-1g Noncash contributions (included above)$45,877
VIII-1h Total contributions, gifts and grants$4,159,744
VIII-3 Investment incomeExcluded from tax $529,640$529,640
VIII-7 Net gain or loss on sales of assetsExcluded from tax $547,004$547,004
VIII-8 Net income from fundraising eventsExcluded from tax −$40,004−$40,004
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,036,640$5,196,384
Part IX · Statement of functional expenses $2,370,768 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $1,092,991$1,092,991
IX-11b Legal feesManagement $1,554$1,554
IX-11c Accounting feesManagement $201,262$201,262
IX-11f Investment management feesManagement $67,014$67,014
IX-11g Other fees for servicesPrograms $660 · Management $19,075 · Fundraising $4,746$24,481
IX-13 Office expensesPrograms $1,450 · Management $3,081 · Fundraising $20,430$24,961
IX-14 Information technologyPrograms $185 · Management $74,748 · Fundraising $6,397$81,330
IX-17 TravelPrograms $54 · Management $105 · Fundraising $346$505
IX-19 Conferences, conventions and meetingsPrograms $32,686 · Management $19,436 · Fundraising $51,097$103,219
IX-24 Other expenses (24a–d)Programs $698,730 · Management $53,089 · Fundraising $21,632$773,451
IX-25 Total functional expensesPrograms $1,826,756 · Management $439,364 · Fundraising $104,648$2,370,768
Part X · Balance sheet $28,531,003 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $815,061$837,741
X-2 Savings and temporary cash investmentsStart of year $1,454,729$252,711
X-3 Pledges and grants receivableStart of year $1,974,517$1,926,818
X-8 Inventories for sale or use$11,350
X-9 Prepaid expenses and deferred chargesStart of year $1,562$37,622
X-11 Publicly traded securitiesStart of year $20,421,531$25,464,761
X-16 Total assetsStart of year $25,244,400$28,531,003
X-17 Accounts payable and accrued expensesStart of year $17,256$339,699
X-18 Grants payableStart of year $1,452,238$1,288,489
X-26 Total liabilitiesStart of year $1,469,494$1,628,188
X-27 Net assets without donor restrictionsStart of year $3,260,911$3,482,795
X-28 Net assets with donor restrictionsStart of year $20,513,995$23,420,020
X-32 Total net assets or fund balancesStart of year $23,774,906$26,902,815
X-33 Total liabilities and net assetsStart of year $25,244,400$28,531,003
Part XI · Reconciliation of net assets $26,902,815 net assets at year end
XI-1 Total revenue$5,196,384
XI-2 Total expenses$2,370,768
XI-3 Revenue less expenses$2,825,616
XI-4 Net assets at start of year$23,774,906
XI-5 Net unrealized gains (losses) on investments$302,293
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$26,902,815

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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