Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2000.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
86 cents of each dollar spent went to programs.
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
9 people listed on the 990.
Cheryl Crane’s $107K as Executive Director is at the 37th percentile of top reported officer pay among 1690 $1–10M 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.
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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
Funds students and programs to create access, excellence, and success.
Questions for Peninsula College Foundation
Your first name shows with your question. Peninsula College Foundation answers here, for everyone.
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The foundation currently manages 23 endowment funds and 115 donor restricted funds for scholarships and programs. In 2020-21, 467 individual student awards were made, ranging from public transit passes and book purchases to emergency aid and full-ride scholarships.
Awards for students and programs come from endowment earnings and DONOR/PARTNER giving. Faculty and program grants align with the college's strategic goals. This year's grants supported the humanities division, faculty research and professional development, basic education students, student services activities, campus veteran's center…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $983K | $1.1M |
| InvestmentsLn 11–13 | $4.7M | $6.0M |
| Total assetsLn 16 | $6.2M | $7.4M |
| LiabilitiesLn 26 | $621K | $625K |
| Net assetsLn 32 | $5.6M | $6.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $587K | $587K | ||
| Other salaries and wagesLn 7 | $76K | $61K | $11K | $4K |
| Accounting feesLn 11c | $6K | $6K | ||
| Other fees for servicesLn 11g | $181 | $181 | ||
| Advertising and promotionLn 12 | $100 | $100 | ||
| Office expensesLn 13 | $3K | $3K | ||
| InsuranceLn 23 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $283K | $178K | $70K | $35K |
| Total functional expensesLn 25 | $958K | $826K | $94K | $39K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $1.4M | $1.1M | $328K | $7.9M | 990 PDF |
| FY2024 | $1.5M | $1.7M | −$295K | $7.1M | 990 PDF |
| FY2023 | $1.6M | $1.0M | $549K | $7.1M | 990 PDF |
| FY2022 | $1.4M | $855K | $594K | $6.3M | 990 PDF |
| FY2021 Viewing | $1.3M | $958K | $379K | $6.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $1,336,997 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, no flags
Part VIII · Statement of revenue $1,336,997 across 6 lines filed
Part IX · Statement of functional expenses $958,443 across 8 lines filed
Part X · Balance sheet $7,388,665 assets, 10 lines filed
Part XI · Reconciliation of net assets $6,763,987 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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