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Cornish Foundation FY2021 filing

Tax-deductible

Seattle, WA501(c)(3)Education EIN 91-2105614Revenue $168K in FY2021Latest return filed Sep 3, 2025

On file with the IRSSeattle, WATax-exempt since Feb 2002Supporting organization — 509(a)(3)

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Support Cornish College of the Arts

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
2 of 6
filings with a surplus
Average deficit $23K a year · 13% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$168K
+51% vs prior year
Spent
$191K
To programs
93%
Net assets
$4.1M
By yearFY2020–FY2025
Revenue
$168K
FY2021▲ +51%
Tap a bar for its year
Revenue by fiscal year
FY2020$112K
FY2021$168K
FY2022$255K
FY2023$139K
FY2024$188K
FY2025$229K
Expenses
$191K
FY2021▼ -25%
Tap a bar for its year
Expenses by fiscal year
FY2020$253K
FY2021$191K
FY2022$191K
FY2023$194K
FY2024$200K
FY2025$202K
Net assets
$4.1M
FY2021▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.3M
FY2021$4.1M
FY2022$3.6M
FY2023$3.3M
FY2024$3.7M
FY2025$3.8M

From the FY2021 Form 990 (year ending May 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 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 Feb 2002.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $178K Management & general 7% · $13K

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

Something off? Claim to add context

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
William Seigh
Provost & VP Academic Affairs
$0Pt VII · Sec A
Ryan O'Mealey
VP Enrollment Services
$0Pt VII · Sec A
Anne Derieux
VP of Institutional Advancement
$0Pt VII · Sec A
Deborah Treen
VP Finance & CFO
$0Pt VII · Sec A
Brandon Bird
VP of Operations
$0Pt VII · Sec A
Jessica Thurlow
Associate Provost
$0Pt VII · Sec A
Victoria Watts
Dance Department Chair
$0Pt VII · Sec A
See Cornish Foundation executive salaries →

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

Provides financial aid and resources to students at Cornish College of the Arts.

Questions for Cornish Foundation

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

1 program · $178K · in their own filed words · FY2020
01

Provide scholarship support to students at Cornish College of the Arts. Scholarships were awarded to 52 students.

$178Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $1.1M · 2019–2024
Cornish College of the ArtsWA · FY2024$183,690
Cornish College of the ArtsWA · FY2023$183,450
Cornish College of the ArtsWA · FY2022$182,670
Cornish College of the ArtsWA · FY2021$174,860
Cornish College of the ArtsWA · FY2020$178,030
Cornish College of the ArtsWA · FY2019$242,935

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$168K
Ln 12
Investment incomeLn 3$168K
Money outPt IX
$191K
Ln 25
Programscol B$178K
Managementcol C$13K
Owns and owesPt X
$4.1M
net assets · Ln 32
Total assetsLn 16$4.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$168K
Gains on assetsLn 7$115K
Total revenueLn 12$168K
Assets in detailPt X, end of year
InvestmentsLn 11–13$4.1M
Total assetsLn 16$4.1M
LiabilitiesLn 26$0
Net assetsLn 32$4.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$13K
Share of the $10.9M endowmentSch D 1g0.12%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$10.9M$8.9M$8.9M$9.1M$8.7M
Given inLn 1b$26K$94K$45K$143K$215K
SpentLn 1d–1f$431K$485K$336K$373K$350K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
InvestmentsLn 11–13$3.3M$4.1M
Total assetsLn 16$3.3M$4.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.3M$4.1M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$178K$178K
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Investment management feesLn 11f$13K$0$13K$0
Total functional expensesLn 25$191K$178K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Sep 3, 2025 $229K$202K$27K$3.8M 990 PDF
FY2024Filed with the IRS Apr 14, 2025 $188K$200K−$13K$3.7M 990 PDF
FY2023Filed with the IRS Apr 15, 2024 $139K$194K−$55K$3.3M 990 PDF
FY2022Filed with the IRS Apr 19, 2023 $255K$191K$65K$3.6M 990 PDF
FY2021 ViewingFiled with the IRS Apr 18, 2022 $168K$191K−$23K$4.1M 990 PDF
FY2020Filed with the IRS Apr 11, 2021 $112K$253K−$142K$3.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $168,141 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $111,587$168,141
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $111,587$168,141
I-13 Grants and similar amounts paidPrior year $242,935$178,030
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 $10,300$13,066
I-18 Total expensesPrior year $253,235$191,096
I-19 Revenue less expensesPrior year −$141,648−$22,955
Part VI · Governance 3 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $168,141 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $53,310$53,310
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $114,831$114,831
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $168,141$168,141
Part IX · Statement of functional expenses $191,096 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $178,030$178,030
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-11f Investment management feesPrograms $0 · Management $13,066 · Fundraising $0$13,066
IX-25 Total functional expensesPrograms $178,030 · Management $13,066 · Fundraising $0$191,096
Part X · Balance sheet $4,114,546 assets, 9 lines filed
X-11 Publicly traded securitiesStart of year $3,336,036$4,114,546
X-16 Total assetsStart of year $3,336,036$4,114,546
X-17 Accounts payable and accrued expensesStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $3,336,036$4,114,546
X-32 Total net assets or fund balancesStart of year $3,336,036$4,114,546
X-33 Total liabilities and net assetsStart of year $3,336,036$4,114,546
Part XI · Reconciliation of net assets $4,114,546 net assets at year end
XI-1 Total revenue$168,141
XI-2 Total expenses$191,096
XI-3 Revenue less expenses−$22,955
XI-4 Net assets at start of year$3,336,036
XI-5 Net unrealized gains (losses) on investments$801,465
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,114,546

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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