2024-01-25T10:40:18-08:00 2023-06-30 261262413 Petersen CPAs & Advisors PLLC 3702 Kern Way Yakima WA 98902 990 2022-07-01 911028928 FOUNDATION OF YAKIMA VALLEY COLLEGE FOUN 5095744645 1015 S 16th Avenue YAKIMA WA 98902 STACEY KAUTZ EXECUTIVE DIR. 2024-01-25 true STACEY KAUTZ 999009999 true Angela M Pratt CPA P00234617 5095751040 X 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z X STACEY KAUTZ PO BOX 22520 YAKIMA WA 98907 831789 false X WWW.YVCC.EDU/FOUNDATION X 1977 WA The 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 College educational programs. 18 18 1 14 0 213784 448258 0 517233 383531 0 731017 831789 324632 725576 0 46475 46532 0 0 100983 93412 472090 865520 258927 -33731 11954892 12680444 521324 780270 11433568 11900174 The 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 College educational programs. false false 843039 Awarding scholarships to students is our main focus and our largest expenditure. We have awarded over $5.8 million in scholarships to approximately 5,600 students in the 45 years we have been in existence. The Foundation also raised matching funds for the SBCTC Exceptional Faculty Program in 1998. $350,000 was matched by the State of WA to make awards available yearly to faculty working at Yakima Valley College (YVC). 98% 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 0.5%-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. The Foundation teamed up with the college and created an emergency fund for studentsThe Student Success Fund. The funds cover unexpected costs that come up that would prevent a student from attending their classes such as rent, utilities, car repairs, groceries, etc. 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 at yvcc.edu/scholarships. 843039 true true false false false false false false false true false false false false true true true false false false false false false false false false false false true false false false false false false false false false false false false false false true false false false true 3 0 true 1 true false false false false false false false 0 false false false false false false false X 18 18 true false false false false false false true true false false true true true true true true false false false WA X X STACEY KAUTZ 5095744645 SOUTH 16TH NOB HILL YAKIMA WA 989072820 STACEY KAUTZ EXECUTIVE DIR. 16.00 0.00 X 42780 0 0 GLENN RASMUSSEN BOARD MEMBER 1.00 0.00 X 0 0 0 PAT GILMORE Board Member 1.00 0.00 X 0 0 0 Glenn Rice BOARD MEMBER 1.00 0.00 X 0 0 0 Delma Tayer Board Member 1.00 0.00 X 0 0 0 PAUL MCDONALD Vice President 1.00 0.00 X X 0 0 0 LESLIE EGLIN Secretary 1.00 0.00 X X 0 0 0 Juana Rezaie Board Member 1.00 0.00 X 0 0 0 Martin Streich Board Member 1.00 0.00 X 0 0 0 Ernesto Sanchez Board Member 1.00 0.00 X 0 0 0 JEAN BROWN BOARD MEMBER 1.00 0.00 X 0 0 0 Kathryn Bauer Board Member 1.00 0.00 X 0 0 0 Chafeka Abdellatif Board Member 1.00 0.00 X 0 0 0 ERIC RASMUSSEN Treasurer 1.00 0.00 X X 0 0 0 Alma Benitez Board Member 1.00 0.00 X 0 0 0 Linda Kaminski Board Member 1.00 0.00 X 0 0 0 MARY SUNDQUIST President 1.00 0.00 X X 0 0 0 Norma Barajas BOARD MEMBER 1.00 0.00 X 0 0 0 RICHARD ELLIOTT BOARD MEMBER 1.00 0.00 X 0 0 0 42780 0 false false false 0 448258 448258 0 383531 383531 0 0 0 0 0 0 0 0 831789 383531 0 725576 725576 0 0 42810 38529 4281 0 0 0 0 3722 3350 372 0 0 17000 17000 0 0 69533 69533 0 0 3771 3771 0 0 0 588 588 0 0 0 0 0 2280 2280 license and permits 240 240 0 865520 843039 22481 0 1204064 907321 492077 494500 0 0 0 0 0 0 0 0 10258751 11278623 0 0 0 0 11954892 12680444 521324 780270 521324 780270 X -291435 -473166 11725003 12373340 11433568 11900174 11954892 12680444 -33731 500337 X false true X true true true X 69328 59905 225593 67922 116685 539433 0 0 69328 59905 225593 67922 116685 539433 1725 537708 490438 398682 342279 517233 383531 2132163 0 0 2671596 0.20130 0.18010 X Support Schedule: Additional Supplemental Information 10% Facts and Circumstances Test - 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10295541 178890 883868 219430 70627 148680 10919562 12227561 120329 -1476087 342502 79007 154753 10295541 9728765 205010 2903879 370387 71827 167879 12227561 10222078 66791 40708 376676 95076 129060 9728765 10431011 68313 401170 417196 96728 164492 10222078 0.74000 0.26000 false false false Due to Related Organizations 10270 Scholarships payable 770000 780270 X 1480806 500337 148680 649017 831789 831789 1014200 148680 148680 865520 865520 Part V, Line 4: Intended uses of the endowment fund. To provide students with scholarships and assist Yakima Valley College. Part X : FIN48 Footnote The 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 Foundation's 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 positions taken by the Foundation, and has concluded that as of June 30, 2023 and 2022, 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 990 ADMINISTRATIVE FEES $148680 Part XII, Line 2d: Other expenses and losses per audited F/S ADMINISTRATIVE FEES $148680 true 0 0 Scholarships for students at YVCC 143 725576 Grantmaker's Description of How Grants are Used We report to the Department of Education yearly to show grant activity on the Endowment Financial Reporting System Form 990, Part VI, Section A, Line 2 Eric Rasmussen, Treasurer, and Glenn Rasmussen, Board member, have family and business relationships. Form 990, Part VI, Section B, Line 11b A copy of the Form 990 is presented to the audit committee for review before submission. Form 990, Part VI, Section B, Line 12c Directors 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, Section C, Line 19 The 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. Yakima Valley College PO BOX 22520 YAKIMA WA 98907 EDUCATIONAL INSTITUT WA 107(C)(1) SEC 115 N/A false false false false false false false false false false false false false false false false false false false false