2025-01-16T09:30:22-06:00 2024-06-30 882533599 WERSEN NONPROFIT CPAS LLC 4513 Lakeway Drive Bellingham WA 98229 990 2023-07-01 911012915 Skagit Valley College Foundation SKAG 3604167821 2405 East College Way Mount Vernon WA 98273 Kathleen Petrzelka Executive Director 3604167821 2025-01-16 1 0 Keaton Wersen CPA P01957642 3607709369 X 2023 2024-10-15 13:58:12Z Kathleen Petrzelka 2405 East College Way Mount Vernon WA 98273 9144065 0 X www.skagitfoundation.org X 1978 WA Secure donations to enhance education at Skagit Valley College through scholarships, grants, and institutional support. 13 13 0 160 0 0 4343711 3573863 770421 823761 578828 634229 276531 169275 5969491 5201128 1153653 1741293 0 0 135600 133059 0 0 93825 1085445 1298217 2374698 3172569 3594793 2028559 25435050 28822945 558798 451795 24876252 28371150 X Secure donations to enhance education at Skagit Valley College through scholarships, grants, and institutional support. 0 0 1598170 1501065 $900,108 in academic scholarships were awarded to Skagit Valley College students for the 2023/2024 school year. $600,957 in program assistance grants (including $267,815 non-cash) were awarded to Skagit Valley College programs for the 2023/2024 school year. Skagit Valley College provides academic transfer and professional technical 2-year degrees and certificates in over 25 fields of study; many of these degrees transfer to most Washington State 4-year colleges and universities. Additionally, Skagit Valley College provides 4-year bachelor's degrees in Environmental Conservation and Applied Management. For students looking to become college-ready, SVC offers Adult Basic Education courses and prep classes in math, English, English Language Acquisition, GED and more. 697187 823761 Skagit Valley College Foundation operates Campus View Village, a safe and inclusive student housing program on the north-end of the Skagit Valley College campus. Campus View Village serves up to 140 students year-round taking courses at Skagit Valley College. This popular program houses a large number of international students, student athletes, and others, making Campus View Village a dynamic and engaging addition to the Skagit Valley College culture. For more information, visit www.skagit.edu/cvv. 434453 240228 195420 $240,228 in athletic scholarships were awarded to Skagit Valley College student athletes through the Booster Club. Of this total, $97,196 relates to the 2023/2024 school year. The remaining $140,032 relates to the 2021/2022 and 2022/2023 school years, but which weren't unconditionally approved by the Foundation or paid to the College until the 2023/2024 school year. The Foundation operates the Cardinal Athletics Booster Club for the benefit of student athletes. 2729810 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 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 9 0 1 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X Kathy Eldred 3604167823 2405 East College Way Mount Vernon WA 98273 Vhari Rust-Clark President 2.00 X X 0 0 0 John Sternlicht Vice-President 2.00 X X 0 0 0 Brian Gentry Treasurer 1.00 X X 0 0 0 Danielle Martin Secretary 1.00 X X 0 0 0 Janie Beasley Director 1.00 X 0 0 0 Todd Krantz Director 1.00 X 0 0 0 Isaac Williams Director 1.00 X 0 0 0 Margaret Rojas Director 1.00 X 0 0 0 Charlie Wend Director 1.00 X 0 0 0 Dave Ryberg Director 1.00 X 0 0 0 Kathy Doll Director 1.00 X 0 0 0 Nancy Rytand-Carey Director 1.00 X 0 0 0 Tim Rawlins Director 1.00 X 0 0 0 Kathleen Petrzelka Executive Director 40.00 X 76539 0 20250 Anne Clark Interim ED (Former) 40.00 X 35116 0 7042 111655 0 27292 0 0 0 0 John Piazza Construction Inc 224 Stewart Rd Suite 130 Mount Vernon WA 98273 Siding project and gazebo repairs 146527 1 136591 3437272 305702 3573863 Student housing 531110 823761 823761 823761 754611 754611 3695076 3815458 -120382 -120382 -120382 101334 136591 127479 -26145 -26145 Booster 900099 195420 195420 195420 5201128 1019181 0 608084 X 600957 600957 1140336 1140336 133059 44353 44353 44353 23415 6105 17310 87809 87809 364043 206221 114043 43779 21286 4847 16439 176412 158412 18000 6462 78 6384 8620 2206 6414 2460 2460 145467 145376 91 45773 42379 3394 Booster expense 194225 194225 Equipment and maintenan 134506 123594 10912 Awards and recognition 25882 25882 Hospitality and enterta 24393 3138 15562 5693 37464 29241 8223 3172569 2729810 348934 93825 2088600 1932327 855094 895778 1652 1952 35333 37866 219860 225303 5107494 2084517 2991429 3022977 19236631 22699209 6451 7533 25435050 28822945 241927 281214 19893 19410 57359 88313 177849 61770 62858 558798 451795 X 5710456 5929459 19165796 22441691 24876252 28371150 25435050 28822945 2028559 1466339 0 X 0 1 X 1 0 X 1728016 1977995 2918811 4343711 3608191 14576724 118000 118000 118000 118000 118000 590000 1846016 2095995 3036811 4461711 3726191 15166724 3275780 11890944 469860 528702 900099 499711 754611 3152983 18319707 4060928 0.64910 0.67990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19715147 2373444 1977977 432015 337725 23296828 15896177 3428263 1159283 538046 230530 19715147 19089237 495793 -2814053 589629 285171 15896177 15513852 854507 3292561 311501 260182 19089237 14437809 978805 591698 273809 220915 15513588 0.08060 0.78050 0.13890 0 0 608266 608266 3679805 1622231 2057574 781649 449263 332386 37774 13023 24751 3022977 Prepaid and unclaimed rent 7466 Tenant deposits 28293 Due to related party 27099 62858 6695943 1466339 116285 1582624 5113319 87809 87809 5201128 3201045 116285 116285 3084760 87809 87809 3172569 Part V, Line 4: It is the policy of the Foundation to invest its endowments in order to support the College in perpetuity and to achieve inter-generational equity in the spending of endowment earnings.The Board of Governors has approved an endowment spending policy that allows for continuing support of the College's scholarships and program assistance. The policy includes a spending rule providing for a distribution from endowed accounts. Ford Golf 94637 76077 18560 23180 3766 1305 17463 Athletic Auction 128073 47426 80647 26081 287 515 51514 1 10514 8387 2127 456 233224 131890 101334 49261 4053 1820 69433 124567 -23233 1 Skagit Valley College 205 E College Way Mount Vernon WA 98273 910822539 333142 267815 FMV Program supplies and equipment Programs to support the College 1 Scholarships 381 900108 Athletic scholarships 252 240228 Part I, Line 2: Organizations: The Foundation exists for the benefit of the College. Any payments supporting the College are monitored by Foundation employees. Individuals: The College's financial aid department notifies students of awards and manages the individual payouts. The College notifies the Foundation in December of the amount needed for awarded scholarships. X 11 115894 FMV X 5 70830 FMV X Muscial instruments 1 56361 FMV X Auction items 90 42617 FMV X Steel 1 20000 FMV 0 1 0 Form 990, Part VI, Section B, line 11b The Foundation's accountant and Executive Director review the Form 990 prior to submission to the full Board of Directors for input. Subsequently, the Executive Director signs the completed Form 990 before it is filed with the IRS. Form 990, Part VI, Section B, line 12c Each covered person completes and/or updates a conflict of interest questionnaire at the beginning of their term or as relevant changes occur. Contracts are regularly reviewed for identity to see if any board members, directors or key employees are involved. Form 990, Part VI, Section B, line 15a Compensation is paid by Skagit Valley College and, as such, the compensation process is handled by the College's human resources department, which assesses base compensation of other like positions. Compensation is reviewed periodically and compared to employees in similar positions within the community and technical college system in Washington state. The board of directors approves Foundation employee salaries annually as part of the fiscal year budget in order to remain fiscally responsible to funders and donors. Form 990, Part VI, Section C, line 19 Documents are available upon request, and an annual report is published and made available to the public. Form 990, Part IX, line 11g Contracted services: Program service expenses 423. Management and general expenses 7,216. Fundraising expenses 0. Total expenses 7,639. Payroll for shared employees with SVC: Program service expenses 205,798. Management and general expenses 106,827. Fundraising expenses 43,779. Total expenses 356,404.