Sequim Education Foundation FY2021 filing

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Sequim Education foundations vision is to inspire and support a lifelong love of learning.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-2122290) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
$11K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $193K a year · 62% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
66%
of spending
66% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$11K
to officers and key staff · 10% of spending
Pay to officers and key staff is 10% of spending.
Part VII, Section A
9.4 mo
of spending, in cash
Plus $1.6M in investments, Pt X · Ln 11–13
9.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $25K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$471
0.03% of total assets
Liabilities are 0.03% of assets.
Pt X · Ln 26
Independent board members
14
of 16 voting members
14 of 16 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$242K
+120% vs prior year
Spent
$106K
To programs
66%
Net assets
$1.7M
By yearFY2020–FY2025
Revenue
$242K
FY2021▲ +120%
Tap a bar for its year
Revenue by fiscal year
FY2020$110K
FY2021$242K
FY2022$161K
FY2023$94K
FY2024$1.1M
FY2025$180K
Expenses
$106K
FY2021▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$94K
FY2021$106K
FY2022$113K
FY2023$125K
FY2024$133K
FY2025$127K
Net assets
$1.7M
FY2021▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.7M
FY2022$1.4M
FY2023$1.5M
FY2024$2.5M
FY2025$2.8M

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

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 Jan 2002.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $70K Management & general 34% · $36K

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

16 people listed on the 990; $11K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Exec Director
$11,000Pt VII · Sec A
Teaching Grant Chair
$0Pt VII · Sec A
Scholarship Co Chair
$0Pt VII · Sec A
Scholarship Co Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Ex Officio Member
$0Pt VII · Sec A
Ex Officio Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Jessica Elliott’s $30K as Exec Director is at the 22nd percentile of top reported officer pay among 1613 $100K–1M education 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.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2021FY2020
Jessica Elliott$30,000$30,000$29,389——
Merissa Koller———$11,000$8,800
Lauren Denton$5,040————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Sequim Education 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 15aYes

Programs and updates

Inspires and supports a lifelong love of learning for students.

Questions for Sequim Education Foundation

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3 programs · $70K · in their own filed words · FY2020
01

Teaching Grants

Sequim Education Foundation (SEF) collaborates with the Sequim school district to provide grant funds for specific academic programs that would not otherwise be able to be conducted in the district.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-2122290) · Dispute this line
$35Kprogram expense
02

Scholarships

Scholarships for participation in the arts and stem-based programs are awarded. Scholarships are awarded to district students graduating from high school to facilitate post-secondary Education.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-2122290) · Dispute this line
$34Kprogram expense
03

Science Cafe

Monthly educational presentation and discussion of the sciences for the adult community. Donations are accepted but not required.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-2122290) · Dispute this line
Pt IX · Ln 25 · col B

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
Total grants receivedfrom 2 funders$25K
Grants paid · 12 grants · $409K · 2019–2024
Unitemized GrantFY2024$23,523
Unitemized GrantFY2023$47,477
Unitemized GrantFY2022$28,500
Unitemized GrantFY2021$35,166
Sequim School District 323FY2020$35,448
Unitemized GrantFY2020$34,500
Unitemized GrantFY2019$34,375
Sequim School District 323FY2019$27,560

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$242K
Ln 12
Investment incomeLn 3$186K
Gifts and grantsLn 1h$56K
Money outPt IX
$106K
Ln 25
Programscol B$70K
Managementcol C$36K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$83K
Total assetsLn 16$1.7M
LiabilitiesLn 26$471
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$56K
Investment incomeLn 3$186K
Total revenueLn 12$242K
Assets in detailPt X, end of year
CashLn 1$8K
SavingsLn 2$74K
Cash and savings togetherLn 1–2$83K
InvestmentsLn 11–13$1.6M
Total assetsLn 16$1.7M
LiabilitiesLn 26$471
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 51
VolunteersI 614
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 FY21End FY21
Cash and savingsLn 1–2$83K$83K
InvestmentsLn 11–13$1.3M$1.6M
Total assetsLn 16$1.3M$1.7M
LiabilitiesLn 26$404$471
Net assetsLn 32$1.3M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$35K$35K
Grants to domestic individualsLn 2$34K$34K
Other salaries and wagesLn 7$11K$11K
Payroll taxesLn 10$976$976
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$19K$19K
Advertising and promotionLn 12$89$89
Office expensesLn 13$1K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$865$865
Total functional expensesLn 25$106K$70K$36K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jan 28, 2026 $180K$127K$53K$2.8M 990 PDF
FY2024Filed with the IRS Mar 24, 2025 $1.1M$133K$938K$2.5M 990 PDF
FY2023Filed with the IRS Dec 4, 2023 $94K$125K−$32K$1.5M 990 PDF
FY2022Filed with the IRS Feb 6, 2023 $161K$113K$48K$1.4M 990 PDF
FY2021 ViewingFiled with the IRS Feb 17, 2022 $242K$106K$136K$1.7M 990 PDF
FY2020Filed with the IRS May 13, 2021 $110K$94K$16K$1.3M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $241,603 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $45,269$56,021
I-9 Program service revenuePrior year $1,483$0
I-10 Investment incomePrior year $63,123$185,582
I-11 Other revenue$0
I-12 Total revenuePrior year $109,875$241,603
I-13 Grants and similar amounts paidPrior year $61,935$69,948
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $9,590$11,976
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $22,827$23,613
I-18 Total expensesPrior year $94,352$105,537
I-19 Revenue less expensesPrior year $15,523$136,066
Part VI · Governance 14 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members14
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $241,603 across 4 lines filed
VIII-1f All other contributions, gifts and grants$56,021
VIII-1h Total contributions, gifts and grants$56,021
VIII-3 Investment incomeRelated to mission $185,582$185,582
VIII-12 Total revenueRelated to mission $185,582 · Unrelated business $0 · Excluded from tax $0$241,603
Part IX · Statement of functional expenses $105,537 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $35,448$35,448
IX-2 Grants to domestic individualsPrograms $34,500$34,500
IX-7 Other salaries and wagesManagement $11,000$11,000
IX-10 Payroll taxesManagement $976$976
IX-11c Accounting feesManagement $1,550$1,550
IX-11f Investment management feesManagement $18,511$18,511
IX-12 Advertising and promotionManagement $89$89
IX-13 Office expensesManagement $1,052$1,052
IX-23 InsuranceManagement $1,546$1,546
IX-24 Other expenses (24a–d)Management $865$865
IX-25 Total functional expensesPrograms $69,948 · Management $35,589 · Fundraising $0$105,537
Part X · Balance sheet $1,689,847 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $3,804$8,313
X-2 Savings and temporary cash investmentsStart of year $79,217$74,435
X-11 Publicly traded securitiesStart of year $1,252,063$1,607,099
X-16 Total assetsStart of year $1,335,084$1,689,847
X-17 Accounts payable and accrued expensesStart of year $404$471
X-26 Total liabilitiesStart of year $404$471
X-31 Retained earnings or endowmentStart of year $1,334,680$1,689,376
X-32 Total net assets or fund balancesStart of year $1,334,680$1,689,376
X-33 Total liabilities and net assetsStart of year $1,335,084$1,689,847
Part XI · Reconciliation of net assets $1,689,376 net assets at year end
XI-1 Total revenue$241,603
XI-2 Total expenses$105,537
XI-3 Revenue less expenses$136,066
XI-4 Net assets at start of year$1,334,680
XI-5 Net unrealized gains (losses) on investments$218,630
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,689,376

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

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