Peninsula College Foundation EIN 91-1589749 Form 990 (PDF) Claim this org

Peninsula College Foundation

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Funds students and programs to create access, excellence, and success. For fiscal year 2025 it reported $1.4M in revenue, $1.1M in expenses, and $7.9M in net assets.Pt I

Type
Higher education institution · Foundations & Grantmakers
Location
Port Angeles, WA
Website
www.pencol.edu/foundation
Filings
5 on file (2021–2025)
Revenue
$1.4MFY2025
Expenses
$1.1M
Net assets
$7.9M
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  91-1589749 Higher education institution Port Angeles, WA
Form 990 (PDF)
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Size
$1–10M
What they do
Funds students and programs to create access, excellence, and success.
Leadership
Cheryl Crane · Executive Director · $107K
Money in and out
$1.4M revenue, $1.1M expenses
Bottom line
+23% operating surplus
Financial scale & money flow · FY2025
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$7.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $328K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.10 Fundraising $0.06
Operating surplus
+23%
revenue over expenses, this legal entity▲ +213% vs prior filing year
Payroll share
8%
of this entity's spending is salaries & benefits▲ +45% vs prior filing year
Program spending
84%
of expenses reach program services▼ -5% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.4M
FY2025▼ -2%
Expenses
$1.1M
FY2025▼ -37%
Total assets
$8.5M
FY2025▲ +11%
Total liabilities
$653K
FY2025▲ +7%
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$7.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$328K
Total assetsPt X · Ln 16$8.5M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

2 program services account for $928K of program spending, described in the organization's own filed words · FY2024.
01

Peninsula college foundation manages 28 endowments and 157 individual program and scholarship funds. Most scholarships apply to any financial-aid eligible expense. Emergency support has become a hallmark of the PC foundation, providing essential support to students experiencing unexpected financial emergencies that threaten to derail…

$674Kprogram expense
02

Foundation awards for students and programs come from endowment earnings and DONOR/PARTNER giving and align with peninsula college's strategic goals. This year's grants primarily supported faculty RESEARCH/PROFESSIONAL development, emergency and scholarship funding for students, transitional studies (for students earning a high school…

$254Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPeninsula College Foundation
EINHdr · item D91-1589749
Principal addressHdr · item CPort Angeles, WA
WebsiteHdr · item Jwww.pencol.edu/foundation
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T99)
Ruling yearIRS BMFDec 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$107,062Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$1.1M · 79%
Investment income$303K · 21%
Contributions & grants79%$1.1M
Investment income21%$303K
Total revenueLn 12$1.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.10 Fundraising $0.06
Program services84%$928K
Management & general10%$110K
Fundraising6%$65K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$1.7M
Total assetsLn 16$8.5M
Total liabilitiesLn 26$653K
Total net assetsLn 32$7.9M
Months of cash on handcomputed18.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $8.4M · Operating expenses (Pt IX) $1.1M · Less non-cash grants $232K · Cash operating expenses/yr $870K
115.4 months
Where the money goes
Program services
Program services $928K · Total expenses $1.1M
84%
Management & General
Management & general $110K · Total expenses $1.1M
10%
Fundraising
Fundraising $65K · Total expenses $1.1M
6%
Cost to raise $1
Fundraising expense (3-yr avg) $59K · Solicited contributions (3-yr avg) $1.2M
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.1M · Total revenue $1.4M
79%
Government reliance
Government grants — · Total revenue $1.4M
Earned-income share
Program service revenue $0 · Total revenue $1.4M
0%
Investment reliance
Investment income $303K · Total revenue $1.4M
+21%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.1M
0%
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year $1.5M
-2%
Revenue CAGR
FY2020 $1.3M · FY2024 $1.4M
+2%
Net-asset trend (YoY)
End of year $7.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $1.1M
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $8.5M
Net-asset ratio
Net assets $7.9M · Total assets $8.5M
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $6.7M · Total assets (Pt X, ln 16) $8.5M
79%
People & payroll
Highest Reported Total Compensation
Individual Cheryl Crane · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $107K · Total expenses $1.1M
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $88K · Total expenses $1.1M
8%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 10%
Fundraising cost ratio 6%
Revenue growth -2%
Accounting fee ratio 0.8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 9 funders →
Grants paid · 10 grants · $3.9M · 2020–2024
Unitemized GrantFY2024$519,582
Unitemized GrantFY2024$196,490
Unitemized GrantFY2023$681,839
Unitemized GrantFY2023$654,706
Unitemized GrantFY2022$537,094
Unitemized GrantFY2022$149,549
Unitemized GrantFY2021$454,672
Unitemized GrantFY2021$73,043
Unitemized GrantFY2020$398,293
Unitemized GrantFY2020$188,617

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.4M revenue · viewing · ⤓ 990 PDF
FY2024$1.5M revenue · ⤓ 990 PDF
FY2023$1.6M revenue · ⤓ 990 PDF
FY2022$1.4M revenue · ⤓ 990 PDF
FY2021$1.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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