Clover Park Technical College Foundation: Nonprofit Profile, Financials & Form 990 (EIN 91-1565219)

Revenue by fiscal year
FY2020	$723K
FY2021	$446K
FY2022	$481K
FY2023	$515K
FY2024	$502K

Expenses by fiscal year
FY2020	$451K
FY2021	$360K
FY2022	$312K
FY2023	$310K
FY2024	$302K

Net assets by fiscal year
FY2020	$2.6M
FY2021	$2.9M
FY2022	$2.7M
FY2023	$3.2M
FY2024	$3.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1993.

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

Where the money goes

85 cents of each dollar spent went to programs.

85%

15%

Program services 85% · $256K Management & general 15% · $45K

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

18 people listed on the 990.

Part VII, Section A · reportable compensation

David Harkness

Director-At-Large

$0Pt VII · Sec A

Kathryn Smith

Director

$0Pt VII · Sec A

Kris Shegrud

Director

$0Pt VII · Sec A

Lucas Holm

Director

$0Pt VII · Sec A

Caroline Henry

Director-At-Large

$0Pt VII · Sec A

Harley Moberg

Director

$0Pt VII · Sec A

Joe Lydic

Director

$0Pt VII · Sec A

Amelia Grayson

Ex Officio Director

$0Pt VII · Sec A

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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 15aYes

Programs and updates

Provides educational opportunities for the future workforce.

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Provided by the organization

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3 programs · $165K · in their own filed words · FY2024

01

Provide scholarships to students for tuition, books and supplies as well as staff and faculty awards for outstanding work and commitment to their jobs.

$112Kprogram expense

02

Provide emergency grants to students at clover park technical college for shelter, utilities or other needs that will enable the student to continue their education.

$39Kprogram expense

03

Provide assistance to college programs through equipment donations to assist students in practical training for their vocation; provided cash to specific programs for supplies and other needs.

$14Kprogram 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

Donor Advised Charitable Giving INCFY2024$45K

International Federation of Professional & Technical EngineersFY2024$35K

Foundation for Tacoma StudentsFY2024$23K

Puget Sound Energy FoundationFY2024$5K

Korum for Kids FoundationFY2024$5K

Total grants receivedfrom 5 funders$113K

See all 5 funders →

Grants paid · 15 grants · $969K · 2020–2024

Unitemized GrantFY2024$106,531

Unitemized GrantFY2024$53,621

Unitemized GrantFY2024$5,000

Unitemized GrantFY2023$109,921

Unitemized GrantFY2023$31,759

Unitemized GrantFY2023$7,000

Unitemized GrantFY2022$120,118

Unitemized GrantFY2022$35,941

Unitemized GrantFY2022$4,000

Unitemized GrantFY2021$114,507

Unitemized GrantFY2021$44,778

Unitemized GrantFY2021$5,000

Unitemized GrantFY2020$213,194

Unitemized GrantFY2020$110,538

Unitemized GrantFY2020$7,000

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$502K

Ln 12

Gifts and grantsLn 1h$443K

Investment incomeLn 3$67K

Fees for servicesLn 2g$12K

Money outPt IX

$302K

Ln 25

Programscol B$256K

Managementcol C$45K

Owns and owesPt X

$3.6M

net assets · Ln 32

Cash and savingsLn 1–2$260K

Total assetsLn 16$3.6M

LiabilitiesLn 26$0

PeoplePt VI, VII

18

listed · VII A

PaidVII A0

Voting boardVI 1a11

IndependentVI 1b11

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$443K

Noncash giftsLn 1g$99K

Fundraising eventsLn 1c$92K

Fees for servicesLn 2g$12K

Investment incomeLn 3$67K

Gains on assetsLn 7−$4K

Total revenueLn 12$502K

Assets in detailPt X, end of year

SavingsLn 2$260K

Cash and savings togetherLn 1–2$260K

InvestmentsLn 11–13$3.3M

Total assetsLn 16$3.6M

LiabilitiesLn 26$0

Net assetsLn 32$3.6M

OperationsPt I, VI

EmployeesI 50

VolunteersI 612

Fiscal year endsHeaderDecember

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$651K	$260K
InvestmentsLn 11–13	$2.5M	$3.3M
Total assetsLn 16	$3.2M	$3.6M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$3.2M	$3.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$78K	$78K
Grants to domestic individualsLn 2	$165K	$165K
Accounting feesLn 11c	$24K		$24K
Investment management feesLn 11f	$15K		$15K
Office expensesLn 13	$454		$454
Conferences, conventions and meetingsLn 19	$1K		$1K
InsuranceLn 23	$2K		$2K
Other expenses (24a–d)Ln 24	$15K	$13K	$2K
All other expensesLn 24e	$970		$970
Total functional expensesLn 25	$302K	$256K	$45K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$502K	$302K	$200K	$3.6M	990 PDF
FY2023	$515K	$310K	$205K	$3.2M	990 PDF
FY2022	$481K	$312K	$169K	$2.7M	990 PDF
FY2021	$446K	$360K	$86K	$2.9M	990 PDF
FY2020	$723K	$451K	$272K	$2.6M	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 FY2024 990 (6 parts)

Part I · Summary $502,180 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $489,409$443,168

I-9 Program service revenuePrior year $9,002$11,933

I-10 Investment incomePrior year $37,624$67,136

I-11 Other revenuePrior year −$20,805−$20,057

I-12 Total revenuePrior year $515,230$502,180

I-13 Grants and similar amounts paidPrior year $262,169$243,362

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 $47,593$58,339

I-18 Total expensesPrior year $309,762$301,701

I-19 Revenue less expensesPrior year $205,468$200,479

Part VI · Governance 11 of 11 board members independent, no flags

VI-1a Voting members of the governing body11

VI-1b Independent voting members11

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

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $502,180 across 9 lines filed

VIII-1c Fundraising events$92,379

VIII-1f All other contributions, gifts and grants$350,789

VIII-1g Noncash contributions (included above)$99,309

VIII-1h Total contributions, gifts and grants$443,168

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,933$11,933

VIII-3 Investment incomeExcluded from tax $70,986$70,986

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$3,850−$3,850

VIII-8 Net income from fundraising eventsExcluded from tax −$20,057−$20,057

VIII-12 Total revenueRelated to mission $11,933 · Unrelated business $0 · Excluded from tax $47,079$502,180

Part IX · Statement of functional expenses $301,701 across 9 lines filed

IX-1 Grants to domestic organizationsPrograms $78,210$78,210

IX-2 Grants to domestic individualsPrograms $165,152$165,152

IX-11c Accounting feesManagement $24,400$24,400

IX-11f Investment management feesManagement $14,666$14,666

IX-13 Office expensesManagement $454$454

IX-19 Conferences, conventions and meetingsManagement $1,258$1,258

IX-23 InsuranceManagement $1,572$1,572

IX-24 Other expenses (24a–d)Programs $12,860 · Management $2,159$15,019

IX-24e All other expensesManagement $970$970

IX-25 Total functional expensesPrograms $256,222 · Management $45,479 · Fundraising $0$301,701

Part X · Balance sheet $3,582,911 assets, 10 lines filed

X-2 Savings and temporary cash investmentsStart of year $650,667$260,155

X-4 Accounts receivableStart of year $11,341$1,358

X-8 Inventories for sale or useStart of year $46,470$41,819

X-11 Publicly traded securitiesStart of year $2,451,759$3,279,579

X-16 Total assetsStart of year $3,160,237$3,582,911

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $1,053,192$1,319,940

X-28 Net assets with donor restrictionsStart of year $2,107,045$2,262,971

X-32 Total net assets or fund balancesStart of year $3,160,237$3,582,911

X-33 Total liabilities and net assetsStart of year $3,160,237$3,582,911

Part XI · Reconciliation of net assets $3,582,911 net assets at year end

XI-1 Total revenue$502,180

XI-2 Total expenses$301,701

XI-3 Revenue less expenses$200,479

XI-4 Net assets at start of year$3,160,237

XI-5 Net unrealized gains (losses) on investments$222,195

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$3,582,911

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Clover Park Technical College Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Clover Park Technical College Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV