2015-11-16T13:31:30-06:00 2014-12-31 911080353 BALL & TREGER LLP 400 WARREN AVE STE 430 BREMERTON WA 983371408 990 2014-01-01 911088282 JOHN BREMER AND EDWARD BREMER CONSOLIDATED TRUST JOHN 3604796900 C/O BSI 400 WARREN AVE NO 450 BREMERTON WA 98337 JOHN MITCHELL DIRECTOR 3604793000 2015-11-16 1 DENNIS TREGER CPA P00046914 3604796868 2015-11-16 2014 2016-04-25 22:37:26Z MICHAEL CONNOLLY 33865 HOOD CANAL DRIVE KINGSTON WA 98346 8854291 0 X N/A X 1987 WA THE TRUST WAS ESTABLISHED TO OPERATE TO BENEFIT OLYMPIC COLLEGE EXCLUSIVELY IN ITS TAX EXEMPT ACTIVITIES AND TO PROVIDE FUNDS FOR USE BY THE OLYMPIC COLLEGE BOARD OF TRUSTEES CONSISTENT WITH THE RESTATEMENT OF THE TRUST. 3 3 0 0 10646 0 0 0 0 0 1340248 1780807 -306720 -226930 1033528 1553877 151850 151950 0 0 30500 31500 0 0 0 156185 165898 338535 349348 694993 1204529 26417254 27317894 2027958 2446974 24389296 24870920 THE TRUST WAS ESTABLISHED TO OPERATE TO BENEFIT OLYMPIC COLLEGE EXCLUSIVELY IN ITS TAX EXEMPT ACTIVITIES AND TO PROVIDE FUNDS FOR USE BY THE OLYMPIC COLLEGE BOARD OF TRUSTEES CONSISTENT WITH THE RESTATEMENT OF THE TRUST. 0 0 349348 151950 TO FUND ACTIVITIES AND FUTURE PROJECTS AS DETERMINED BY THE OLYMPIC COLLEGE BOARD OF TRUSTEES CONSISTENT WITH THE PROVISIONS OF THE RESTATEMENT OF TRUST. 349348 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 WA X BARBARA PAGE - BRADLEY SCOTT INC 3604796900 400 WARREN AVE 450 BREMERTON WA 98337 DR MICHAEL D CONNOLLY MANAGING TRUSTEE 15.00 X 24000 0 0 JOHN MITCHELL TRUSTEE 1.00 X 3750 0 0 BARBARA STEPHENSON TRUSTEE 1.00 X 3750 0 0 31500 0 0 0 0 0 0 0 564825 564825 608931 840910 -231979 -231979 5597 -237576 7406486 269000 6370668 88836 1035818 180164 1215982 180164 1035818 MISCELLANEOUS REVENUE 531390 5049 5049 5049 1553877 180164 10646 1363067 151950 151950 31500 31500 INVESTMENT EXPENSES 158923 158923 FOREIGN INCOME TAXES 6975 6975 349348 349348 0 0 492867 472763 48109 38058 13049875 6324935 6236412 6724940 19566799 20054306 73067 27827 26417254 27317894 42996 38205 1804350 2256235 180612 152534 2027958 2446974 X 24389296 24870920 24389296 24870920 26417254 27317894 X 1204529 -722905 X 0 1 X 0 0 X X 1 OLYMPIC COLLEGE 910823201 2 1 151950 0 1 151950 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 X X 1 0 PART IV, SECTION E, LINE 1C: THE TRUST WAS ESTABLISHED TO OPERATE EXCLUSIVELY TO BENEFIT OLYMPIC COLLEGE AND TO SUPPORT THE COLLEGE'S EXEMPT ACTIVITIES. PER THE TRUST AGREEMENT, A MINIMUM OF 50% OF THE TRUST'S OPERATING PROFIT IS DONATED TO THE COLLEGE ANNUALLY AND USED FOR THEIR OPERATIONS. PART IV, SECTION D, LINE 2: THE MEMBERS OF THE TRUST AND THE COLLEGE PERSONNEL WILL PERIODICALLY DISCUSS THE FINANCIAL NEEDS OF THE COLLEGE AND HOW THE TRUST CAN SUPPORT THOSE NEEDS, SUCH AS PROVIDING HOUSING FOR FOREIGN STUDENTS. PART IV, SECTION E, LINE 2A: ALL OF THE TRUST'S ACTIVITIES ARE FOR THE BENEFIT OF OLYMPIC COLLEGE. THE MEMBERS OF THE TRUST AND THE COLLEGE PERSONNEL WILL PERIODICALLY DISCUSS THE FINANCIAL NEEDS OF THE COLLEGE AND HOW THE TRUST CAN SUPPORT THOSE NEEDS, SUCH HAS PROVIDING HOUSING FOR FOREIGN STUDENTS. 1728914 1728914 11278794 6297592 4981202 27343 27343 0 14824 14824 6724940 EQUITY SECURITIES AND OPTIONS 10043693 F MUTUAL FUNDS 6733469 F GOVERNMENT SECURITIES 1249633 F CASH, DEPOSITS, MONEY MARKET 336564 F CORPORATE FIXED INCOME 369800 F ETFS AND CEFS 1321147 C 20054306 ACCRUED EXPENSES 152534 152534 X 1671882 -722905 840910 118005 1553877 0 1553877 1190258 840910 840910 349348 0 349348 PART X, LINE 2: THE TRUST RECOGNIZES NO ACCRUED INTEREST NOR PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION. THE TRUST FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE TRUST IS SUBJECT TO ROUTINE AUDITS BY TAXING AUTHORITIES; HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE TRUST BELIEVES IT IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR YEARS PRIOR TO DECEMBER 31, 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH RENTAL REVENUE ON FORM 990 PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH RENTAL REVENUE ON FORM 990 1 OLYMPIC COLLEGE 1600 CHESTER AVENUE BREMERTON WA 98337 910823201 501(C)(3) 151950 TO FUND ACTIVITIES AND FUTURE PROJECTS AS DETERMINED BY THE OLYMPIC COLLEGE BOARD OF TRUSTEES CONSISTENT WITH THE PROVISIONS OF THE RESTATEMENT OF THE TRUST. PART I, LINE 2: FUNDS ARE PROVIDED TO OLYMPIC COLLEGE TO SUPPORT GENERAL OPERATING EXPENSES OR FUND SPECIAL PROJECTS. THE TRUST DOES NOT DIRECTLY MONITOR HOW THESE FUNDS ARE SPENT HOWEVER THE COLLEGE IS AUDITED TO ASSURE COMPLIANCE WITH LAWS AND REGULATIONS. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE RETURN IS PROVIDED TO JOHN MITCHELL (CURRENT MANAGING TRUSTEE) VIA EMAIL TO REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THESE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NET UNREALIZED LOSS -722,905. OLYMPIC COLLEGE 1600 CHESTER AVENUE BREMERTON WA 98337 910823201 COMMUNITY COLLEGE WA 501(C)(3) 170(B)(1)(A)(II) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0