2025-08-21T16:05:58-05:00 2024-12-31 911194016 CLARK NUBER PS 10900 NE 4TH ST STE 1400 BELLEVUE WA 98004 990 2024-01-01 911088282 JOHN BREMER AND EDWARD BREMER CONSOLIDATED TRUST JOHN 3608504360 423 PACIFIC AVE 300 BREMERTON WA 98337 JOAN HANTEN MANAGING TRUSTEE 3606492620 2025-11-15 1 0 SARAH B HUANG P00745974 4254544919 2025-08-20 2024 2025-03-06 01:10:19Z X JOAN HANTEN 423 PACIFIC AVE 300 BREMERTON WA 98337 14632115 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 2 0 0 27639 10002 0 0 0 0 1128640 2901387 15702 97155 1144342 2998542 952576 487311 0 0 31750 27000 0 0 0 240409 279541 1224735 793852 -80393 2204690 34851219 39138060 166231 379437 34684988 38758623 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 487311 487311 TO FUND ACTIVITIES AND FUTURE PROJECTS AS DETERMINED BY THE OLYMPIC COLLEGE BOARD OF TRUSTEES CONSISTENT WITH THE PROVISIONS OF THE RESTATEMENT OF TRUST. 487311 1 0 0 0 0 0 0 0 0 0 1 0 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 6 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 WA X ELEVATED PROPERTY SERVICES 3606504360 423 PACIFIC AVE SUITE 300 BREMERTON WA 98337 JOAN HANTEN MANAGING TRUSTEE 8.00 X 18000 0 0 BARBARA STEPHENSON TRUSTEE 2.00 X 4500 0 0 KYLE KINCAID TRUSTEE 2.00 X 4500 0 0 27000 0 0 0 0 0 0 MORGAN STANLEY 2727 HOLLYCROFT SUITE 330 GIG HARBOR WA 98335 INVESTMENT MANAGEMENT FEES 275328 QUALITY COATING ENTERPRISES LLC 450 S NATIONAL AVE BREMERTON WA 98312 BUILDING PAINTING 129136 2 853263 853263 1132258 1041471 90787 90787 27639 63148 12640226 10592102 2048124 2048124 2048124 LAUNDRY REVENUE 531390 6368 6368 6368 2998542 0 27639 2970903 487311 487311 27000 27000 275328 275328 TAXES AND LICENSES FEES 2891 2891 FEDERAL INCOME TAXES 1322 1322 793852 487311 306541 0 0 20992 345018 816929 9033 156763 87476 57849 12886106 7138572 5551778 5747534 32337993 28811678 46236 0 34851219 39138060 712 35767 318755 165519 24915 166231 379437 X 34684988 38758623 34684988 38758623 34851219 39138060 2204690 1870634 -1689 0 X 0 1 X 1 0 X X 1 OLYMPIC COLLEGE 910823201 2 1 1835323 0 1 1835323 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 X 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. 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. 1518914 1518914 11185227 7138572 4046655 79059 79059 102906 102906 5747534 PREPAID INCOME 338 SECURITY DEPOSITS 24577 24915 5635319 1870634 1041471 2912105 2723214 275328 275328 2998542 1559995 1041471 1041471 518524 275328 275328 793852 FORM 990, PART XI, LINE 2D: RENTAL EXPENSES NETTED WITH RENTAL REVENUE ON FORM 990. FORM 990, PART XII, LINE 2D: RENTAL EXPENSES NETTED WITH RENTAL REVENUE ON FORM 990. 1 OLYMPIC COLLEGE 1600 CHESTER AVENUE BREMERTON WA 98337 910823201 501(C)(3) 487311 0 TO SUPPORT ACTIVITIES AND FUTURE PROJECTS OF THE COLLEGE. 1 0 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 REGULATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE RETURN IS PROVIDED TO ALL BOARD MEMBERS TO REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY REQUIRES TRUSTEES TO PROMPTLY AND ANNUALLY DISCLOSE POTENTIAL CONFLICTS. THE BOARD OF TRUSTEES, EXCLUDING THE INTERESTED PARTY, DETERMINES IF A CONFLICT EXISTS AND REVIEWS ACTUAL CONFLICTS. TRUSTEES WITH A CONFLICT MAY PRESENT INFORMATION BUT MUST LEAVE DURING DISCUSSION AND VOTING, AND THEIR VOTES ARE NOT COUNTED. ALL ACTIONS ARE DOCUMENTED, AND UNDISCLOSED CONFLICTS DISCOVERED LATER ARE INVESTIGATED AND ADDRESSED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A TRUSTEES RECEIVE STIPENDS ON A QUARTERLY BASIS. THE AMOUNT OF THESE STIPENDS WAS ESTABLISHED IN 2015, WHICH COINCIDED WITH THE TRANSITION FROM A SINGLE TRUSTEE TO A BOARD CONSISTING OF THREE TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. 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