2022-10-26T16:36:14-05:00 2021-12-31 910873571 GREENWOOD OHLUND PS 4241 21ST AVE W SUITE 400 SEATTLE WA 98199 990 2021-01-01 911182444 LAKE WASHINGTON COLLEGE FOUNDATION C/O LAKE WA INSTITUTE OF TECHNOLOGY LAKE 4257398391 11605 132 AVE NE W205C KIRKLAND WA 98034 BRUCE RIVELAND EX OFFICIO DIRECTOR 4257398391 2022-10-26 1 BRUCE RIVELAND 999009999 MATT S SMITH P01920313 2067821767 2022-10-26 0 AAL1 IAL1 2021 2022-09-23 18:48:47Z CLARA HOLLIN 11605 132 AVE NE W205C KIRKLAND WA 98034 741795 0 X WWW.LWTECH.EDU X 1949 WA PROVIDE LAKE WASHINGTON INSTITUTE OF TECHNOLOGY THE MARGIN OF SUPPORT NECESSARY TO ACHIEVE EDUCATIONAL EXCELLENCE AND TO EXPAND THE FINANCIAL BASIS FOR QUALITY THAT LIES BEYOND THE SCOPE OF LEGISLATIVE FUNDING THROUGH INDIVIDUAL, CORPORATE, AND COMMUNITY PARTNERSHIPS. 14 14 0 60 0 0 655897 698941 5413 2805 80876 40049 -11781 -11564 730405 730231 528245 581077 0 0 0 0 0 0 0 89535 180618 617780 761695 112625 -31464 4782593 5093630 0 0 4782593 5093630 PROVIDE LAKE WASHINGTON INSTITUTE OF TECHNOLOGY THE MARGIN OF SUPPORT NECESSARY TO ACHIEVE EDUCATIONAL EXCELLENCE AND TO EXPAND THE FINANCIAL BASIS FOR QUALITY THAT LIES BEYOND THE SCOPE OF LEGISLATIVE FUNDING THROUGH INDIVIDUAL, CORPORATE, AND COMMUNITY PARTNERSHIPS. 0 0 538728 538728 THE FOUNDATION RECEIVES VARIOUS CONTRIBUTIONS FROM DONORS AND AWARDS THE DONATIONS TO STUDENTS. IN 2021, OVER $530,000 WAS AWARDED TO STUDENTS. 136561 42349 THE FOUNDATION RECEIVES CONTRIBUTIONS FROM VARIOUS DONORS INCLUDING THE PEIERLS FOUNDATION. THESE FUNDS ARE FOR THE BENEFIT OF COLLEGE PROGRAMS, THEIR STUDENTS, AND OUR IN-HOUSE HIGH SCHOOL ACADEMY PROGRAM. 2805 THE FOUNDATION PAID THE COLLEGE FOR THE COSTS OF OPERATING A SPACE FOR AN ESPRESSO CART AND RECEIVED REVENUE FROM THE ESPRESSO STAND AND ART RENTAL. 675289 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 X XIENG LIM 4257398100 11605 132ND AVENUE NE SUITE W205C KIRKLAND WA 98034 X CLARA HOLLIN PRESIDENT 2.00 X X 0 0 0 BILL SHELBY VICE PRESIDENT 2.00 X X 0 0 0 DR DAN FROST SECRETARY 2.00 X X 0 0 0 WALT KRUEGER TREASURER 2.00 X X 0 0 0 JOHN FEISTNER BOARD OF DIRECTORS 2.00 X 0 0 0 GLENN GARDNER BOARD OF DIRECTORS 2.00 X 0 0 0 ANN HABERNIGG BOARD OF DIRECTORS 2.00 X 0 0 0 GINA HAGGERTY BOARD OF DIRECTORS 2.00 X 0 0 0 KATHY KATZENBERGER BOARD OF DIRECTORS 2.00 X 0 0 0 NAZIE NABAIE BOARD OF DIRECTORS 2.00 X 0 0 0 BRENDA NUNES BOARD OF DIRECTORS 2.00 X 0 0 0 KRISTEN OVERLEESE BOARD OF DIRECTORS 2.00 X 0 0 0 DIANE TOOMEY BOARD OF DIRECTORS 2.00 X 0 0 0 AMY MORRISON EX OFFICIO DIRECTOR 2.00 X 0 0 0 NOLAN KORESKI EX OFFICIO DIRECTOR 2.00 X 0 0 0 LAURA WILDFONG TUSTEE LIAISON 2.00 X 0 0 0 ELISABETH SORENSON EX OFFICIO DIRECTOR 2.00 X 0 0 0 BRUCE RIVELAND EX OFFICIO DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 220113 478828 50349 698941 RENTAL INCOME 531190 2805 2805 2805 40049 40049 0 220113 11564 -11564 -11564 730231 2805 0 28485 42349 42349 538728 538728 19225 19225 23020 23020 35666 34563 1103 134 134 2075 1854 221 OTHER 41589 21793 19796 CONTRACT SERVICES 29217 12573 16644 REGISTRATION AND MEMBER 20560 20015 545 MEALS 9132 3414 5718 761695 675289 86406 0 935250 1150153 3847343 3943477 4782593 5093630 0 0 X 660695 704521 4121898 4389109 4782593 5093630 4782593 5093630 -31464 342501 0 X X 0 1 X 1 0 X 617915 948474 1320523 655897 698241 4241050 617915 948474 1320523 655897 698241 4241050 1437234 2803816 89434 156750 81562 80753 40049 448548 4689598 59540 0.59790 0.57030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2551232 184193 217665 84866 13097 2855127 2251826 125014 222314 37050 10872 2551232 1828804 177530 293995 38750 9753 2251826 1684202 256204 -75285 27428 8889 1828804 1443919 140724 144141 27500 10000 7082 1684202 0.00000 0.74160 0.25840 0 0 0 1061276 342501 11564 354065 707211 23020 23020 730231 750239 11564 11564 738675 23020 23020 761695 PART V, LINE 4: PROVIDE LAKE WASHINGTON TECHNICAL COLLEGE STUDENTS AND FACULTY THE MARGIN OF SUPPORT NECESSARY TO ACHIEVE EDUCATIONAL EXCELLENCE AND TO EXPAND THE FINANCIAL BASIS FOR QUALITY THAT LIES BEYOND THE SCOPE OF LEGISLATIVE FUNDING THROUGH INDIVIDUAL, CORPORATE AND COMMUNITY PARTNERSHIPS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE INCLUDED ON PAGE 9, LINE 8B 11,564. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE INCLUDED ON PAGE 9, LINE 8B 11,564. BENEFIT BREAKFAST 220113 220113 11564 220113 220113 11564 11564 -11564 1 LAKE WASHINGTON INSTITUTE OF TECHNOLOGY 11605 132ND AVE NE KIRKLAND WA 98034 911182444 501(C)(3) 42349 0 PROVIDE ASSISTANCE TO STUDENTS FOR CONFERENCES AND COMPETITIONS. ALSO PROVIDES BUS PASSES, GAS, AND LUNCHES TO STUDENTS. STUDENTS SUPPORT AND FACULTY CONFERENCES/MEETINGS. 1 DIRECT FINANCIAL AID TO STUDENTS 140 26662 FINANCIAL AID THROUGH THE COLLEGE FOR STUDENTS 412 512066 PART I, LINE 2: STUDENT APPLICATIONS FOR GRANTS LISTED ON THE COLLEGE'S WEBSITE ARE REVIEWED AND AWARDED BY A COLLEGE COMMITTEE WHICH INCLUDES FINANCIAL AID PERSONNEL. OTHER AWARDS, PROCESSED THROUGH SPECIFIC FOUNDATION DEPARTMENT OR SCHOLARSHIP ACCOUNTS, ARE REQUESTED BY THE COLLEGE FACULTY AND APPROVED BY THE APPROPRIATE DEAN AND/OR VICE PRESIDENT. EACH YEAR, THE FOUNDATION EXECUTIVE DIRECTOR AND BOARD DECIDE IF AND HOW MUCH THEY WILL AUTHORIZE TO BE GIVEN TO THE COLLEGE FOR STUDENT EMERGENCY FUNDING. AFTER AWARDS ARE GRANTED, ALL DISBURSEMENT REQUESTS ARE GIVEN TO THE FOUNDATION DEPARTMENT WHERE THEY ARE REVIEWED BY THE EXECUTIVE DIRECTOR FOR THE FOUNDATION. FOUNDATION ACCOUNTS ARE REVIEWED ON MANY LEVELS. THE INDIVIDUAL MANAGERS OF PROGRAMS OR SCHOLARSHIPS ARE GIVEN MONTHLY REPORTS TO REVIEW. THE FOUNDATION EXECUTIVE DIRECTOR AND THE FOUNDATION BOARD MEMBERS REVIEW AND DISCUSS ALL FOUNDATION ACCOUNTS AS REQUIRED. THE FOUNDATION DIRECTOR RECEIVES A REPORT OF COLLEGE RECORDS WHICH LISTS THE AWARDS DISBURSED BY THE COLLEGE FOR BOTH WEB AWARDS AND EMERGENCY GRANTS. THE FINANCIAL AID DEPARTMENT RECEIVES A LIST QUARTERLY OF ALL AWARDS THAT WERE NOT PROCESSED THROUGH THE COLLEGE, BUT WERE GIVEN TO THE STUDENT DIRECTLY. X 1 50349 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT FORM 990 IS DISTRIBUTED TO MEMBERS FOR REVIEW. A SCHEDULED MEETING FOR REVIEW AND DISCUSSION WITH OUR ACCOUNTING FIRM IS MADE. FORM 990, PART VI, SECTION B, LINE 12C DISCLOSURE REQUIRED WITH YEARLY QUESTIONNAIRE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE ON THE COLLEGE'S WEBSITE. FORM 990, PART XII, LINE 1: THE FOUNDATION'S POLICY IS TO PREPARE ITS FINANCIAL STATEMENTS ON THE CASH RECEIPTS AND DISBURSEMENTS BASIS OF ACCOUNTING EXCEPT FOR THE RECOGNITION OF INVESTMENTS AT FAIR VALUE. THEREFORE, ALL OTHER REVENUE AND RELATED ASSETS ARE RECOGNIZED WHEN RECEIVED, AND EXPENSES WHEN PAID RATHER THAN WHEN THE OBLIGATION IS INCURRED.