FOUNDATION OF YAKIMA VALLEY COMMUNITY COLLEGE: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
FOUNDATION OF YAKIMA VALLEY COMMUNITY COLLEGE (EIN 91-1028928)
Tax period
2015-07-01 to 2016-06-30
Filed
2016-10-31
IRS object ID
201643059349300974
Schema version
2015v2.0
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)
Return2016-10-31T10:04:58-07:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Petersen CPAs & Advisors PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13702 Kern RoadAddressLine1Txt
CityYakimaCityNm
State AbbreviationWAStateAbbreviationCd
ZIP98902ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN911028928EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FOUNDATION OF YAKIMA VALLEY COMMUNITYBusinessNameLine1Txt
Business Name Line2COLLEGEBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlFOUNBusinessNameControlTxt
Phone5095744645PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 22520AddressLine1Txt
CityYAKIMACityNm
State AbbreviationWAStateAbbreviationCd
ZIP98907ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSTACEY KAUTZPersonNm
Person TitleEXECUTIVE DIR.PersonTitleTxt
Signature2016-10-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAngela M Pratt CPAPreparerPersonNm
PTINP00234617PTIN
Phone5095751040PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Gross Receipts$1,185,074GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
All Affiliates IncludedfalseAllAffiliatesIncludedInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.YVCC.EDU/FOUNDATIONWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1977FormationYr
Legal Domicile StateWALegalDomicileStateCd
Activity Or MissionThe Foundation is organized exclusively for charitable and educational purposes. Our main focus is awarding scholarships to students, yearly awards for faculty/staff and assisting in the promotion and support of Yakima Valley Community College educational programs.ActivityOrMissionDesc
Voting Members Governing Body22VotingMembersGoverningBodyCnt
Voting Members Independent22VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Volunteers18TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,598,292PYContributionsGrantsAmt
CY Contributions Grants$741,138CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$451,553PYInvestmentIncomeAmt
CY Investment Income$443,936CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,049,845PYTotalRevenueAmt
CY Total Revenue$1,185,074CYTotalRevenueAmt
PY Grants And Similar Paid$400,172PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$541,389CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$38,698PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$43,918CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$79,297PYOtherExpensesAmt
CY Other Expenses$73,329CYOtherExpensesAmt
PY Total Expenses$518,167PYTotalExpensesAmt
CY Total Expenses$658,636CYTotalExpensesAmt
PY Revenues Less Expenses$1,531,678PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$526,438CYRevenuesLessExpensesAmt
Total Assets BOY$10,761,154TotalAssetsBOYAmt
Total Assets EOY$10,667,893TotalAssetsEOYAmt
Total Liabilities BOY$450,767TotalLiabilitiesBOYAmt
Total Liabilities EOY$425,851TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$10,310,387NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$10,242,042NetAssetsOrFundBalancesEOYAmt
MissionThe Foundation is organized exclusively for charitable and educational purposes. Our main focus is awarding scholarships to students, yearly awards for faculty/staff and assisting in the promotion and support of Yakima Valley Community College educational programs.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$658,636ExpenseAmt
DescGiving scholarships to students is our main focus and our largest expenditure. We have awarded over $4 million in scholarships to approximately 5,000 students in the 38 years we have been in existence. The Foundation also raised matching funds for the SBCTC Exceptional Faculty Program. $350,000 was matched by the State of WA to make awards available yearly to faculty working at Yakima Valley Community College (YVCC). 76% of the total expenses were spent on scholarships and awards. The revenue we generate yearly comes from donors who want to establish scholarships with us and the investment income generated by those donations. We require a $5,000 donation to set up a perpetual scholarship whereby we only award the income from the prior year and keep initial donation intact. We charge a .5%-1.5% administrative fee yearly to pay for administrative costs in our office. The fees charged are based on prior year's performance and income generated. We also accept donations where the donor wants the whole donation to be awarded and no investment income is generated and we do not charge these funds with the administrative fee. OUr Foundation has been given millions of dollars by incredible people who want to further the educations of students who wouldn't be able to attend college if not for the scholarship. A list of our scholarships with their criteria is available in the YVCC catalog. You can access it at www.yvcc.edu/Catalog. They are listed on pages 169-173.Desc
Total Program Service Expenses$658,636TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee1EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Form990 T FiledfalseForm990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Form8282 Filed0Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
DAF Excess Business HoldingsfalseDAFExcessBusinessHoldingsInd
Taxable DistributionsfalseTaxableDistributionsInd
Distribution To DonorfalseDistributionToDonorInd
Org Filed In Lieu Of Form1041falseOrgFiledInLieuOfForm1041Ind
Licensed More Than One StatefalseLicensedMoreThanOneStateInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members22GoverningBodyVotingMembersCnt
Independent Voting Member22IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonSTACEY KAUTZPersonNm
Phone5095744645PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1SOUTH 16TH NOB HILLAddressLine1Txt
CityYAKIMACityNm
State AbbreviationWAStateAbbreviationCd
ZIP989072820ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
GLENN RASMUSSEN
PRESIDENT1.000.00Yes (X)Yes (X)$0$0$0
PAT GILMORE
VICE PRESIDENT1.000.00Yes (X)Yes (X)$0$0$0
GUY SHINN
TREASURER1.000.00Yes (X)Yes (X)$0$0$0
ANN MILLER
SECRETARY1.000.00Yes (X)Yes (X)$0$0$0
PAUL MCDONALD
BOARD MEMBER1.000.00Yes (X)$0$0$0
LESLIE EGLIN
BOARD MEMBER1.000.00Yes (X)$0$0$0
JIM FITCH
BOARD MEMBER1.000.00Yes (X)$0$0$0
NEIL MCCLURE
BOARD MEMBER1.000.00Yes (X)$0$0$0
TOM MILLER
BOARD MEMBER1.000.00Yes (X)$0$0$0
JEAN BROWN
BOARD MEMBER1.000.00Yes (X)$0$0$0
DELMAR PEARSON
BOARD MEMBER1.000.00Yes (X)$0$0$0
JO BATALI JR
BOARD MEMBER1.000.00Yes (X)$0$0$0
ERIC RASMUSSEN
BOARD MEMBER1.000.00Yes (X)$0$0$0
GLENN RICE
BOARD MEMBER1.000.00Yes (X)$0$0$0
CLARK SANDOZ
BOARD MEMBER1.000.00Yes (X)$0$0$0
MARY SUNDQUIST
BOARD MEMBER1.000.00Yes (X)$0$0$0
JANET WHITE
BOARD MEMBER1.000.00Yes (X)$0$0$0
RICHARD ELLIOTT
BOARD MEMBER1.000.00Yes (X)$0$0$0
SID MORRISON
BOARD MEMEBER1.000.00Yes (X)$0$0$0
JIM NEWBILL
BOARD MEMBER1.000.00Yes (X)$0$0$0
DELMA TAYER
BOARD MEMBER1.000.00Yes (X)$0$0$0
RICHARD WIEHL
BOARD MEMBER1.000.00Yes (X)$0$0$0
STACEY KAUTZ
EXECUTIVE DIR.16.000.00Yes (X)$34,000$0$5,044
FieldValueIRS element (for citing)
Total Reportable Comp From Org$34,000TotalReportableCompFromOrgAmt
Total Other Compensation$5,044TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$741,138AllOtherContributionsAmt
Total Contributions$741,138TotalContributionsAmt
Total Program Service Revenue$0TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$443,936TotalRevenueColumnAmt
Related Or Exempt Func Income$443,936RelatedOrExemptFuncIncomeAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

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

Royalties Revenue RoyaltiesRevenueGrp

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

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

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

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

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

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

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

Net Income From Gaming NetIncomeFromGamingGrp

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

Net Income Or Loss NetIncomeOrLossGrp

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

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,185,074TotalRevenueColumnAmt
Related Or Exempt Func Income$443,936RelatedOrExemptFuncIncomeAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$541,389TotalAmt
Program Services$541,389ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$43,918TotalAmt
Program Services$43,918ProgramServicesAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$17,004TotalAmt
Program Services$17,004ProgramServicesAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$53,575TotalAmt
Program Services$53,575ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$578TotalAmt
Program Services$578ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,966TotalAmt
Program Services$1,966ProgramServicesAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
Misc. expense$131$131
license and permits$75$75

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$658,636TotalAmt
Program Services$658,636ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$374,773BOYAmt
EOY$522,247EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$454,705BOYAmt
EOY$458,590EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$9,931,676BOYAmt
EOY$9,687,056EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,761,154BOYAmt
EOY$10,667,893EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$450,767BOYAmt
EOY$425,851EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$450,767BOYAmt
EOY$425,851EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$753,749BOYAmt
EOY-$683,163EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,901,444BOYAmt
EOY$3,628,769EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,162,692BOYAmt
EOY$7,296,436EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,310,387BOYAmt
EOY$10,242,042EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,761,154BOYAmt
EOY$10,667,893EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$526,438ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$594,783NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
College OrganizationYes (X)CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$159,042CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$388,058CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$134,301CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$463,566CurrentTaxYearMinus1YearAmt
Current Tax Year$53,159CurrentTaxYearAmt
Total$1,198,126TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$159,042CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$388,058CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$134,301CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$463,566CurrentTaxYearMinus1YearAmt
Current Tax Year$53,159CurrentTaxYearAmt
Total$1,198,126TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$655,692SubstantialContributorsTotAmt
Public Support Total170$542,434PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$293,123CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$279,726CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$346,977CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$451,553CurrentTaxYearMinus1YearAmt
Current Tax Year$443,936CurrentTaxYearAmt
Total$1,815,315TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$200CurrentTaxYearMinus4YearsAmt
Total$200TotalAmt
FieldValueIRS element (for citing)
Total Support$3,013,641TotalSupportAmt
Public Support CY1700.18000PublicSupportCY170Pct
Public Support PY1700.12240PublicSupportPY170Pct
Ten Pct Facts Crcmstncs Test CYYes (X)TenPctFactsCrcmstncsTestCYInd
Facts And Circumstances TestCurrent Year Facts and Circumstances: The Organization maintains a continuous and bona fide program for solicitation of funds from the general public, and community. The Organization receives the majority of their support from private contributions. The Organization has a governing body which represents the broad interest of the public. The Organization provides financial assistance to students on a regular/continuing basis.FactsAndCircumstancesTestTxt

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePart I: Additional InformationFormAndLineReferenceDesc
ExplanationThe numbers in Schedule A, Part II are different than the prior year, due to a continued understanding of unusual grants. Going forward, this will be consistent. The change did not result in a significant difference in the prior years.ExplanationTxt

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$9,411,242BeginningYearBalanceAmt
Contributions$133,744ContributionsAmt
Investment Earnings Or Losses-$150,848InvestmentEarningsOrLossesAmt
Grants Or Scholarships$183,034GrantsOrScholarshipsAmt
Other Expenditures$84,658OtherExpendituresAmt
Administrative Expenses$103,308AdministrativeExpensesAmt
End Year Balance$9,023,138EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,881,885BeginningYearBalanceAmt
Contributions$949,422ContributionsAmt
Investment Earnings Or Losses-$27,956InvestmentEarningsOrLossesAmt
Grants Or Scholarships$218,345GrantsOrScholarshipsAmt
Other Expenditures$90,200OtherExpendituresAmt
Administrative Expenses$83,564AdministrativeExpensesAmt
End Year Balance$9,411,242EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$7,791,338BeginningYearBalanceAmt
Contributions$106,385ContributionsAmt
Investment Earnings Or Losses$1,243,541InvestmentEarningsOrLossesAmt
Grants Or Scholarships$139,112GrantsOrScholarshipsAmt
Other Expenditures$62,970OtherExpendituresAmt
Administrative Expenses$57,297AdministrativeExpensesAmt
End Year Balance$8,881,885EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$7,303,766BeginningYearBalanceAmt
Contributions$436,156ContributionsAmt
Investment Earnings Or Losses$221,379InvestmentEarningsOrLossesAmt
Grants Or Scholarships$133,310GrantsOrScholarshipsAmt
Other Expenditures$36,653OtherExpendituresAmt
End Year Balance$7,791,338EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$7,014,738BeginningYearBalanceAmt
Contributions$168,975ContributionsAmt
Investment Earnings Or Losses$333,438InvestmentEarningsOrLossesAmt
Grants Or Scholarships$118,010GrantsOrScholarshipsAmt
Other Expenditures$40,238OtherExpendituresAmt
Administrative Expenses$55,137AdministrativeExpensesAmt
End Year Balance$7,303,766EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY0.81000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.19000TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd
Related Org List Sch RfalseRelatedOrgListSchRInd

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
Due to Related Organizations$24,651
Scholarships payable$401,200
FieldValueIRS element (for citing)
Total Liability$425,851TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$693,599TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$594,783NetUnrealizedGainsInvstAmt
Other Revenue$103,308OtherRevenueAmt
Revenue Not Reported-$491,475RevenueNotReportedAmt
Revenue Subtotal$1,185,074RevenueSubtotalAmt
Total Revenue Per Form990$1,185,074TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$761,944TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$103,308OtherExpensesIncludedAmt
Expenses Not Reported$103,308ExpensesNotReportedAmt
Expenses Subtotal$658,636ExpensesSubtotalAmt
Total Expenses Per Form990$658,636TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part V, Line 4: Intended uses of the endowment fund.To provide students with scholarships and assist Yakima Valley Community College.
Part X : FIN48 FootnoteThe Foundation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. The Foundation is not considered a private foundation. However, income from certain activities not directly related to the Foundations tax exempt purpose could be subject to taxation as unrelated business income. As the Foundation has not engaged in any unrelated business activity, no expense for federal income taxes is reflected in these financial statements.Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability (or asset) if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. Management has analyzed the tax position taken by the Foundation, and has concluded that as of June 30, 2015 and 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Foundation is subject to audits by taxing authorities; however, there are currently no audits for any tax periods in progress.
Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990ADMINISTRATIVE FEES $103308
Part XII, Line 2d: Other expenses and losses per audited F/SADMINISTRATIVE FEES $103308

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd
Total501c3 Org0Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeScholarships for students at YVCCGrantTypeTxt
Recipient158RecipientCnt
Cash Grant$541,389CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceGrantmaker's Description of How Grants are UsedFormAndLineReferenceDesc
ExplanationWe report to the DOE yearly to show grant activity on the Endowment Financial Reporting SystemExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, EtEric Rasmussen, board member, and Glenn Rasmussen, President, have family and business relationships.
Form 990, Part VI, Line 11b: Form 990 Review ProcessA copy of the Form 990 is presented to the audit committee for review before submitted.
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of ConflictsDirectors are issued a policies and procedures manual when appointed. The Organization goes through the items within the manual including conflict of interest policy and the form that is to be completed if the board member sees a conflict. Annually, when the Organization updates their manuals, they review the policies and procedures including the conflict of interest policy and it is reiterated that the form provided to the board members is to be completed and returned to the board of directors if a conflict of interest is present.
Form 990, Part VI, Line 19: Other Organization Documents Publicly AvailableThe Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. The 990 is available upon request and is also on-line at Guidestar.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1Yakima Valley Community CollegeBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 22520AddressLine1Txt
CityYAKIMACityNm
State AbbreviationWAStateAbbreviationCd
ZIP98907ZIPCd
FieldValueIRS element (for citing)
Primary ActivitiesEDUCATIONAL INSTITUTPrimaryActivitiesTxt
Legal Domicile StateWALegalDomicileStateCd
Public Charity Status107(C)(1) SEC 115PublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

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