philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Olympic College Foundation FY2024 filing

Tax-deductible

Bremerton, WA501(c)(3)Foundations & GrantmakersEIN 91-1595274Revenue $4.3M in FY2024

On file with the IRSolympiccollegefoundation.org1600 Chester Ave Building 5 Csc 3, 98337-1600 · Bremerton, WATax-exempt since Jan 1994College/university support org — 170(b)(1)(A)(iv)

This page gets seen. Tell your story. Claim this org.

The Olympic College Foundation supports student access, achievement and success at Olympic College.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
6 of 6
filings with a surplus
Average surplus $1.6M a year · 59% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 17.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $1.2M
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$667K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.3M
+169% vs prior year
Spent
$1.2M
To programs
80%
Net assets
$24.1M
By yearFY2020–FY2025
Revenue
$4.3M
FY2024▲ +169%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.9M
FY2021$2.5M
FY2022$1.7M
FY2023$1.6M
FY2024$4.3M
FY2025$3.7M
Expenses
$1.2M
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$596K
FY2022$1.5M
FY2023$1.2M
FY2024$1.2M
FY2025$1.4M
Net assets
$24.1M
FY2024▲ +20%
Tap a bar for its year
Net assets by fiscal year
FY2020$16.7M
FY2021$22.2M
FY2022$18.9M
FY2023$20.0M
FY2024$24.1M
FY2025$28.4M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2024 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 Jan 1994.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $995K Management & general 15% · $183K Fundraising 5% · $66K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Jon Berglind
President
$0Pt VII · Sec A
Charles Robertson
VP for Development
$0Pt VII · Sec A
$0Pt VII · Sec A
Brendon Taga
VP for Governance
$0Pt VII · Sec A
Peter Braun
Board Member
$0Pt VII · Sec A
Harriette Byrant
Olympic College Bot Liaiso
$0Pt VII · Sec A
$0Pt VII · Sec A
Danielle Priest
Board Member
$0Pt VII · Sec A
See Olympic College Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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.

Questions for Olympic College Foundation

Tap to ask. Olympic College Foundation sees how many people are interested.

Your first name shows with your question. Olympic College Foundation answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · $1.2M · in their own filed words · FY2023
01

Support for the events and programs of olympic college and its satellite campuses.

$631Kprogram expense
02

Custodian of funds to be used for scholarship to the students of olympic college.

$502Kprogram expense
03

Management of multiple endowments that provide the annual scholarships and other program funds to benefit olympic college and students.

$38Kprogram 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
Commonspirit Washington Community Care F/K/A Harrison Medical CenterFY2024$1.0M
Crabby Beach FoundationFY2024$100K
Vanguard Charitable Endowment ProgramFY2024$50K
WashingtonfilmworksFY2024$16K
Puget Sound Energy FoundationFY2024$5K
Trifam FoundationFY2024$2K
The Northrop Grumman FoundationFY2024$125
Total grants receivedfrom 7 funders$1.2M
See all 7 funders →
Grants paid · 20 grants · $4.8M · 2019–2024
Unitemized GrantFY2024$753,028
Olympic CollegeFY2024$307,316
Total Grants Under 5k EachFY2024$156,072
Unitemized GrantFY2023$502,290
Total Grants Under 5k EachFY2023$392,306
Olympic CollegeFY2023$238,646
Unitemized GrantFY2022$418,138
Olympic CollegeFY2022$340,936
Total Grants Under 5k EachFY2022$92,450
Kitsap Community FoundationWA · FY2022$25,000
Unitemized GrantFY2021$422,804
Unitemized GrantFY2020$235,111
Olympic CollegeFY2020$110,000
Total Grants Under 5k EachFY2020$101,626
Kitsap Community FoundationWA · FY2020$25,000
Unitemized GrantFY2019$494,948
Olympic CollegeFY2019$85,182
Kitsap Community FoundationWA · FY2019$52,500
See all 20 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.3M
Ln 12
Gifts and grantsLn 1h$2.7M
Investment incomeLn 3$1.6M
Other incomeLn 4–11$40K
Money outPt IX
$1.2M
Ln 25
Programscol B$995K
Managementcol C$183K
Fundraisingcol D$66K
Owns and owesPt X
$24.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$24.8M
LiabilitiesLn 26$667K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Noncash giftsLn 1g$1.3M
Investment incomeLn 3$1.6M
Other incomeLn 4–11$40K
Gains on assetsLn 7$990K
Total revenueLn 12$4.3M
Assets in detailPt X, end of year
CashLn 1$242K
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.8M
InvestmentsLn 11–13$23.0M
Total assetsLn 16$24.8M
LiabilitiesLn 26$667K
Net assetsLn 32$24.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
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 FY24End FY24
Cash and savingsLn 1–2$1.8M$1.8M
InvestmentsLn 11–13$19.2M$23.0M
Total assetsLn 16$21.1M$24.8M
LiabilitiesLn 26$1.0M$667K
Net assetsLn 32$20.0M$24.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$631K$631K
Grants to domestic individualsLn 2$502K$502K
Accounting feesLn 11c$70K$17K$28K$25K
Investment management feesLn 11f$117K$117K
Other fees for servicesLn 11g$88K$21K$35K$32K
OccupancyLn 16$635$210$108$317
Conferences, conventions and meetingsLn 19$3K$2K$2K
Other expenses (24a–d)Ln 24$8K$1K$7K
All other expensesLn 24e−$176K−$177K$34$303
Total functional expensesLn 25$1.2M$995K$183K$66K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.7M$1.4M$2.3M$28.4M 990 PDF
FY2024 Viewing $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 $2.5M$596K$1.9M$22.2M 990 PDF
FY2020 $2.9M$1.1M$1.8M$16.7M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 $4,279,996 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $620,119$2,657,907
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $835,203$1,582,267
I-11 Other revenuePrior year $138,180$39,822
I-12 Total revenuePrior year $1,593,502$4,279,996
I-13 Grants and similar amounts paidPrior year $879,695$1,133,242
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $216,379$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $65,364$110,161
I-18 Total expensesPrior year $1,161,438$1,243,403
I-19 Revenue less expensesPrior year $432,064$3,036,593
Part VI · Governance 18 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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 $4,279,996 across 8 lines filed
VIII-1f All other contributions, gifts and grants$2,657,907
VIII-1g Noncash contributions (included above)$1,264,534
VIII-1h Total contributions, gifts and grants$2,657,907
VIII-3 Investment incomeExcluded from tax $592,290$592,290
VIII-7 Net gain or loss on sales of assetsExcluded from tax $989,977$989,977
VIII-8 Net income from fundraising eventsExcluded from tax $38,657$38,657
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,165$1,165
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,622,089$4,279,996
Part IX · Statement of functional expenses $1,243,403 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $630,952$630,952
IX-2 Grants to domestic individualsPrograms $502,290$502,290
IX-11c Accounting feesPrograms $16,681 · Management $27,802 · Fundraising $25,021$69,504
IX-11f Investment management feesManagement $116,650$116,650
IX-11g Other fees for servicesPrograms $21,396 · Management $35,080 · Fundraising $32,015$88,491
IX-16 OccupancyPrograms $210 · Management $108 · Fundraising $317$635
IX-19 Conferences, conventions and meetingsManagement $1,625 · Fundraising $1,625$3,250
IX-24 Other expenses (24a–d)Management $1,406 · Fundraising $6,671$8,077
IX-24e All other expensesPrograms −$176,783 · Management $34 · Fundraising $303−$176,446
IX-25 Total functional expensesPrograms $994,746 · Management $182,705 · Fundraising $65,952$1,243,403
Part X · Balance sheet $24,816,364 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $324,598$241,684
X-2 Savings and temporary cash investmentsStart of year $1,492,103$1,582,607
X-3 Pledges and grants receivableStart of year $13,400$7,500
X-9 Prepaid expenses and deferred chargesStart of year $990$11,860
X-11 Publicly traded securitiesStart of year $19,230,501$22,972,713
X-16 Total assetsStart of year $21,061,592$24,816,364
X-17 Accounts payable and accrued expensesStart of year $579,339$109,891
X-25 Other liabilitiesStart of year $439,500$556,675
X-26 Total liabilitiesStart of year $1,018,839$666,566
X-27 Net assets without donor restrictionsStart of year $762,792$930,133
X-28 Net assets with donor restrictionsStart of year $19,279,961$23,219,665
X-32 Total net assets or fund balancesStart of year $20,042,753$24,149,798
X-33 Total liabilities and net assetsStart of year $21,061,592$24,816,364
Part XI · Reconciliation of net assets $24,149,798 net assets at year end
XI-1 Total revenue$4,279,996
XI-2 Total expenses$1,243,403
XI-3 Revenue less expenses$3,036,593
XI-4 Net assets at start of year$20,042,753
XI-5 Net unrealized gains (losses) on investments$1,070,450
XI-9 Other changes in net assets$2
XI-10 Net assets at end of year$24,149,798

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.