LAKE WASHINGTON COLLEGE FOUNDATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LAKE WASHINGTON COLLEGE FOUNDATION (EIN 91-1182444)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-12
IRS object ID
202543169349308534
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-12T17:36:34-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN910873571PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GREENWOOD OHLUND PSBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14241 21ST AVE W SUITE 400AddressLine1Txt
CitySEATTLECityNm
State AbbreviationWAStateAbbreviationCd
ZIP98199ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN911182444EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAKE WASHINGTON COLLEGE FOUNDATIONBusinessNameLine1Txt
Business Name Line2C/O LAKE WA INSTITUTE OF TECHNOLOGYBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlLAKEBusinessNameControlTxt
Phone4257398100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111605 132 AVE NE W205CAddressLine1Txt
CityKIRKLANDCityNm
State AbbreviationWAStateAbbreviationCd
ZIP98034ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDARCY KIPNISPersonNm
Person TitleEX OFFICIO DIRECTORPersonTitleTxt
Phone4257398100PhoneNum
Signature2025-11-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonERIC L KIMPTONPreparerPersonNm
PTINP01970440PTIN
Phone2067821767PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBILL SHELBYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line111605 132 AVE NE W205CAddressLine1Txt
CityKIRKLANDCityNm
State AbbreviationWAStateAbbreviationCd
ZIP98034ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,765,513GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.LWTECH.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1949FormationYr
Legal Domicile StateWALegalDomicileStateCd
Activity Or MissionPROVIDE 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.ActivityOrMissionDesc
Voting Members Governing Body16VotingMembersGoverningBodyCnt
Voting Members Independent16VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers18TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,137,396PYContributionsGrantsAmt
CY Contributions Grants$1,380,126CYContributionsGrantsAmt
PY Program Service Revenue$8,000PYProgramServiceRevenueAmt
CY Program Service Revenue$7,250CYProgramServiceRevenueAmt
PY Investment Income$472,232PYInvestmentIncomeAmt
CY Investment Income$305,139CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,617,628PYTotalRevenueAmt
CY Total Revenue$1,692,515CYTotalRevenueAmt
PY Grants And Similar Paid$561,153PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,520,836CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$10,261CYTotalFundraisingExpenseAmt
PY Other Expenses$352,299PYOtherExpensesAmt
CY Other Expenses$276,265CYOtherExpensesAmt
PY Total Expenses$913,452PYTotalExpensesAmt
CY Total Expenses$1,797,101CYTotalExpensesAmt
PY Revenues Less Expenses$704,176PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$104,586CYRevenuesLessExpensesAmt
Total Assets BOY$5,556,070TotalAssetsBOYAmt
Total Assets EOY$5,596,822TotalAssetsEOYAmt
Total Liabilities BOY$139,097TotalLiabilitiesBOYAmt
Total Liabilities EOY$73,092TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,416,973NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,523,730NetAssetsOrFundBalancesEOYAmt
MissionPROVIDE 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$954,400ExpenseAmt
Grant$954,400GrantAmt
DescTHE FOUNDATION RECEIVES VARIOUS CONTRIBUTIONS FROM DONORS AND AWARDS THE DONATIONS TO STUDENTS. IN 2024, OVER $950,000 WAS AWARDED TO STUDENTS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$636,819ExpenseAmt
Grant$566,436GrantAmt
DescTHE 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. PROVIDE FUNDING FOR NEW ELC BUILDINGDesc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Revenue$7,250RevenueAmt
DescTHE 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.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$1,591,219TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members16GoverningBodyVotingMembersCnt
Independent Voting Member16IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonHEATHER LOWRYPersonNm
Phone4257398100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111605 132 AVE NE W205CAddressLine1Txt
CityKIRKLANDCityNm
State AbbreviationWAStateAbbreviationCd
ZIP98034ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtInstitutional TrusteeInstitutionalTrusteeInd
ELISABETH SORENSEN
EXECUTIVE DIRECTOR40.00Yes (X)Yes (X)$0$0$0
BILL SHELBY
PRESIDENT, SCHOLARSHIPS CO-CHAIR5.00Yes (X)Yes (X)$0$0$0
DR DAN FROST
VICE PRESIDENT1.00Yes (X)Yes (X)$0$0$0
KEN BOYER
SCHOLARSHIPS CO-CHAIR2.00Yes (X)Yes (X)$0$0$0
WALT KRUEGER
SECRETARY0.50Yes (X)Yes (X)$0$0$0
DIANE TOOMEY
EVENTS CHAIR2.00Yes (X)Yes (X)$0$0$0
NOLAN KORESKI
EX OFFICIO DIRECTOR0.50Yes (X)Yes (X)$0$0$0
DARCY KIPNIS
EX OFFICIO DIRECTOR2.00Yes (X)Yes (X)$0$0$0
AMY MORRISON
EX OFFICIO DIRECTOR1.00Yes (X)Yes (X)$0$0$0
JESSICA BECK
MEMBER0.25Yes (X)$0$0$0
DIANE HAELSIG
MEMBER0.25Yes (X)$0$0$0
KATHY KATZENBERGER
MEMBER0.25Yes (X)$0$0$0
DARRYL LYTLE
MEMBER0.25Yes (X)$0$0$0
DARRELL MITSUNAGA
MEMBER0.25Yes (X)$0$0$0
SIMON MOUHANNA
MEMBER0.25Yes (X)$0$0$0
KRISTEN OVERLEESE
MEMBER0.25Yes (X)$0$0$0
LANE SAVITCH
MEMBER0.25Yes (X)$0$0$0
GAYLE SHIMOKURA
MEMBER0.25Yes (X)$0$0$0
GRIFFIN SMITH
MEMBER0.25Yes (X)$0$0$0
NANCY STEWART
MEMBER0.50Yes (X)$0$0$0
LAURA WILDFONG
TRUSTEE LIAISON0.25$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$73,268FundraisingAmt
All Other Contributions$1,306,858AllOtherContributionsAmt
Noncash Contributions$31,824NoncashContributionsAmt
Total Contributions$1,380,126TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescESPRESSO CART REVENUEDesc
Business900099BusinessCd
Total Revenue Column$7,250TotalRevenueColumnAmt
Related Or Exempt Func Income$7,250RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$7,250TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$158,059TotalRevenueColumnAmt
Exclusion$158,059ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,202,837SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,055,757SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$147,080SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$147,080TotalRevenueColumnAmt
Exclusion$147,080ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$17,241FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$73,268ContriRptFundraisingEventAmt
Fundraising Direct Expenses$17,241FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,692,515TotalRevenueColumnAmt
Related Or Exempt Func Income$7,250RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$305,139ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$566,436TotalAmt
Program Services$566,436ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$954,400TotalAmt
Program Services$954,400ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$12,000TotalAmt
Management And General$12,000ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$23,872TotalAmt
Management And General$23,872ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$123,402TotalAmt
Program Services$34,397ProgramServicesAmt
Management And General$89,005ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$35,405TotalAmt
Program Services$23,293ProgramServicesAmt
Management And General$4,228ManagementAndGeneralAmt
Fundraising$7,884FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$3,104TotalAmt
Program Services$576ProgramServicesAmt
Management And General$2,528ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$96TotalAmt
Management And General$96ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
FOOD$50,986$5,176$43,433$2,377
OTHER$22,071$2,012$20,059
REGISTRATION AND MEMBER$5,329$4,929$400

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,797,101TotalAmt
Program Services$1,591,219ProgramServicesAmt
Management And General$195,621ManagementAndGeneralAmt
Fundraising$10,261FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$626,508BOYAmt
EOY$672,174EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$325,109BOYAmt
EOY$74,694EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$97,226BOYAmt
EOY$19,218EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$4,507,227BOYAmt
EOY$4,830,736EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,556,070BOYAmt
EOY$5,596,822EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$139,097BOYAmt
EOY$73,092EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$139,097BOYAmt
EOY$73,092EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$483,870BOYAmt
EOY$483,892EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,933,103BOYAmt
EOY$5,039,838EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,416,973BOYAmt
EOY$5,523,730EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,556,070BOYAmt
EOY$5,596,822EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$104,586ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$211,343NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$655,897CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$698,241CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$816,866CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,137,396CurrentTaxYearMinus1YearAmt
Current Tax Year$1,380,126CurrentTaxYearAmt
Total$4,688,526TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$447,527CurrentTaxYearMinus1YearAmt
Current Tax Year$484,585CurrentTaxYearAmt
Total$932,112TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$655,897CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$698,241CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$816,866CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,584,923CurrentTaxYearMinus1YearAmt
Current Tax Year$1,864,711CurrentTaxYearAmt
Total$5,620,638TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,303,300SubstantialContributorsTotAmt
Public Support Total170$4,317,338PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$80,753CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$40,049CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$85,037CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$123,456CurrentTaxYearMinus1YearAmt
Current Tax Year$158,059CurrentTaxYearAmt
Total$487,354TotalAmt
FieldValueIRS element (for citing)
Total Support$6,107,992TotalSupportAmt
Gross Receipts Rltd Activities$26,968GrossReceiptsRltdActivitiesAmt
Public Support CY1700.70680PublicSupportCY170Pct
Public Support PY1700.67270PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,294,904BeginningYearBalanceAmt
Contributions$274,429ContributionsAmt
Investment Earnings Or Losses$383,243InvestmentEarningsOrLossesAmt
Grants Or Scholarships$89,300GrantsOrScholarshipsAmt
Administrative Expenses$17,536AdministrativeExpensesAmt
End Year Balance$3,845,740EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,675,264BeginningYearBalanceAmt
Contributions$316,606ContributionsAmt
Investment Earnings Or Losses$388,605InvestmentEarningsOrLossesAmt
Grants Or Scholarships$73,200GrantsOrScholarshipsAmt
Administrative Expenses$12,371AdministrativeExpensesAmt
End Year Balance$3,294,904EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,855,127BeginningYearBalanceAmt
Contributions$234,561ContributionsAmt
Investment Earnings Or Losses-$330,752InvestmentEarningsOrLossesAmt
Grants Or Scholarships$70,418GrantsOrScholarshipsAmt
Administrative Expenses$13,254AdministrativeExpensesAmt
End Year Balance$2,675,264EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,551,232BeginningYearBalanceAmt
Contributions$184,193ContributionsAmt
Investment Earnings Or Losses$217,665InvestmentEarningsOrLossesAmt
Grants Or Scholarships$84,866GrantsOrScholarshipsAmt
Administrative Expenses$13,097AdministrativeExpensesAmt
End Year Balance$2,855,127EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,251,826BeginningYearBalanceAmt
Contributions$125,014ContributionsAmt
Investment Earnings Or Losses$222,314InvestmentEarningsOrLossesAmt
Grants Or Scholarships$37,050GrantsOrScholarshipsAmt
Administrative Expenses$10,872AdministrativeExpensesAmt
End Year Balance$2,551,232EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.00000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.76530PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.23470TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$2,381,812TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$211,343NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$484,585DonatedServicesAndUseFcltsAmt
Other Revenue$17,241OtherRevenueAmt
Revenue Not Reported$713,169RevenueNotReportedAmt
Revenue Subtotal$1,668,643RevenueSubtotalAmt
Investment Expenses Not Incld$23,872InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$23,872RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,692,515TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,275,055TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$484,585DonatedServicesUseFcltsAmt
Other Expenses Included$17,241OtherExpensesIncludedAmt
Expenses Not Reported$501,826ExpensesNotReportedAmt
Expenses Subtotal$1,773,229ExpensesSubtotalAmt
Investment Expenses Not Incld2$23,872InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$23,872ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,797,101TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 PART VIII, LINE 8B: 17,241.
PART XII, LINE 2D - OTHER ADJUSTMENTS:SPECIAL EVENT EXPENSE INCLUDED ON PART VIII, LINE 8B: 17,241.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1BRIGHT FUTURES BENEFIT WEEKEvent1Nm
Gross Receipts Event1$90,509GrossReceiptsEvent1Amt
Charitable Contri Event1$73,268CharitableContriEvent1Amt
Gross Revenue Event1$17,241GrossRevenueEvent1Amt
Other Direct Expenses Event1$17,241OtherDirectExpensesEvent1Amt
Gross Receipts Total$90,509GrossReceiptsTotalAmt
Charitable Contributions Tot$73,268CharitableContributionsTotAmt
Gross Revenue Total Events$17,241GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$17,241OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$17,241DirectExpenseSummaryEventsAmt
Net Income Summary$0NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1LAKE WASHINGTON INTITUTE OF TECHNOLOGYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line111605 132ND AVE NEAddressLine1Txt
CityKIRKLANDCityNm
State AbbreviationWAStateAbbreviationCd
ZIP98034ZIPCd
FieldValueIRS element (for citing)
Recipient EIN911523302RecipientEIN
IRC Section115(1)IRCSectionDesc
Cash Grant$566,436CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantPROVIDE ASSISTANCE TO STUDENTS FOR CONFERENCES AND COMPETITIONS. ALSO PROVIDES BUS PASSES, GAS, AND LUNCHES TO STUDENTS. STUDENTS SUPPORT AND FACULTY CONFERENCES/MEETINGS. PROVIDE FUNDING FOR NEW ELC BUILDINGPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
DIRECT FINANCIAL AID TO STUDENTS57$15,846
FINANCIAL AID THROUGH THE COLLEGE FOR STUDENTS570$938,554FMVREDUCED COLLEGE TUITION

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationSTUDENT 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.ExplanationTxt

Schedule M IRS990ScheduleM

Cars And Other Vehicles CarsAndOtherVehiclesGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$3,750NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution2ContributionCnt
Noncash Contributions Rpt F990$28,074NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMV DATE OF DONATIONMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationNUMBER OF CONTRIBUTIONS MADEExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BA 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 12CDISCLOSURE REQUIRED WITH YEARLY QUESTIONNAIRE.
FORM 990, PART VI, SECTION C, LINE 19DOCUMENTS ARE AVAILABLE ON THE COLLEGE'S WEBSITE.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.