Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1994.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
58 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
29 people listed on the 990.
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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
Helps students access, achieve, and succeed at Olympic College.
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Custodian of funds to be used for scholarship to the students of olympic college.
Support for the events and programs of olympic college and its satellite campuses.
Management of multiple endowments that provide the annual scholarships and other program funds to benefit olympic college and students.
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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 | $813K | $1.1M |
| InvestmentsLn 11–13 | $16.6M | $21.5M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $17.5M | $22.6M |
| LiabilitiesLn 26 | $751K | $422K |
| Net assetsLn 32 | $16.7M | $22.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $237K | $237K | ||
| Grants to domestic individualsLn 2 | $235K | $235K | ||
| Other salaries and wagesLn 7 | $99K | $30K | $40K | $30K |
| Legal feesLn 11b | $7K | $7K | ||
| Accounting feesLn 11c | $29K | $8K | $9K | $12K |
| Investment management feesLn 11f | $124K | $124K | ||
| Other fees for servicesLn 11g | $25K | $7K | $8K | $10K |
| Office expensesLn 13 | $3K | $1K | $551 | $2K |
| Conferences, conventions and meetingsLn 19 | $147 | $74 | $73 | |
| Other expenses (24a–d)Ln 24 | $8K | $2K | $6K | |
| All other expensesLn 24e | −$171K | −$171K | ||
| Total functional expensesLn 25 | $596K | $346K | $190K | $60K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $3.7M | $1.4M | $2.3M | $28.4M | 990 PDF |
| FY2024 | $4.3M | $1.2M | $3.0M | $24.1M | 990 PDF |
| FY2023 | $1.6M | $1.2M | $432K | $20.0M | 990 PDF |
| FY2022 | $1.7M | $1.5M | $279K | $18.9M | 990 PDF |
| FY2021 Viewing | $2.5M | $596K | $1.9M | $22.2M | 990 PDF |
| FY2020 | $2.9M | $1.1M | $1.8M | $16.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $2,519,893 across 9 lines filed
Part IX · Statement of functional expenses $596,093 across 11 lines filed
Part X · Balance sheet $22,606,117 assets, 14 lines filed
Part XI · Reconciliation of net assets $22,183,690 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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