2018-02-20T11:58:32-06:00 2017-06-30 911056739 Vine Dahlen PLLC 3500 188th Street SW Ste 322 Lynnwood WA 98037 990 2016-07-01 911186554 Edmonds Community College Foundation EDMO 4256401149 20000 68th Avenue West Lynnwood WA 98036 Brad Thomas EXECUTIVE DIRECTOR 4256401149 2018-02-10 1 Kimberly D Fyfe CPA P01422564 4257716055 2018-02-10 68.64.52.10 2018-02-10 12:09:14 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D08C6E78AF9089008AAAFAE3D7CB9F2EBAEECFC7 2016 2021-01-29 14:40:06Z BRAD THOMAS 20000 68th Avenue West Lynnwood WA 98036 13547947 0 X www.foundation.edcc.edu X 1982 WA TO SUPPORT ACCESS, SUCCESS, AND EXCELLENCE FOR STUDENTS, FACULTY, AND STAFF AT EDMONDS COMMUNITY COLLEGE. 18 18 0 45 0 0 309704 395981 0 0 298089 414430 -7462 145588 600331 955999 265320 526204 0 0 0 0 0 0 82101 319555 419420 584875 945624 15456 10375 6448210 6718736 32130 71541 6416080 6647195 X THE EDMONDS COMMUNITY COLLEGE FOUNDATION WAS ESTABLISHED TO SUPPORT THE GOALS AND ACTIVITIES OF EDMONDS COMMUNITY COLLEGE. THIS IS ACCOMPLISHED BY PROVIDING FINANCIAL SUPPORT TO COLLEGE PROGRAMS, INSTRUCTIONAL DEPARTMENTS AND ACTIVITIES, AS WELL AS PROVIDING FINANCIAL SUPPORT TO UNDER SERVED AND DESERVING STUDENTS TO FURTHER THEIR EDUCATIONAL GOALS. 0 0 417266 364929 SCHOLARSHIPS - Supported 200 underserved AND DESERVING STUDENTS TO ENABLE THEM TO ACHIEVE THEIR EDUCATIONAL GOALS. 193006 161275 COLLEGE PROGRAM SUPPORT - SUPPORT OF VARIOUS INSTRUCTIONAL PROGRAMS AT EDMONDS COMMUNITY COLLEGE FOR INSTRUCTION, SCHOLARSHIPS AND ACTIVITIES. 610272 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 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 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X The Organization 4256401149 20000 68th Avenue West Lynnwood WA 98036 X Ken Chandler MEMBER 2.00 X 0 0 0 Doug Fair Chair 2.00 X X 0 0 0 Diana Clay treasurer 2.00 X X 0 0 0 Nick Echelbarger Vice Chair 1.00 X X 0 0 0 Libby Lewis MEMBER 2.00 X 0 0 0 Rick Bjarnson Member 1.00 X 0 0 0 Dean Nichols MEMBER 2.00 X 0 0 0 Steve Pennington mEMBER 2.00 X 0 0 0 Wendy Popke MEMBER 1.00 X 0 0 0 Meg Rankin Secretary 1.00 X X 0 0 0 Ken Reid mEMBER 1.00 X 0 0 0 Adam Cornell mEMBER 1.00 X 0 0 0 Maria Montalvo MemBER 1.00 X 0 0 0 Janette Turner Member 1.00 X 0 0 0 April Hogan MEMBER 1.00 X 0 0 0 David Jaffe MEMBER 1.00 X 0 0 0 Bob Terwilliger MEMBER 1.00 X 0 0 0 Sara Carter MEMBER 1.00 X 0 0 0 Bradley Thomas Executive Director 40.00 X 0 0 99591 0 0 99591 0 0 0 0 0 2697 40976 352308 51283 395981 126528 126528 12665889 12377987 287902 287902 287902 359549 40976 213961 145588 145588 955999 0 0 560018 161275 161275 364929 364929 2676 2676 19459 19459 51344 51344 13306 123 6775 6408 828 1607 4396 -5175 95303 66 94208 1029 4758 490 3911 357 6214 95 6119 1463 1463 4522 352 4066 104 College Reimbursment 166976 59840 42984 64152 Hospitality/Catering 35757 19294 7107 9356 Miscellaneous 12193 1500 6478 4215 Dues and Memberships 1383 205 1178 3238 496 1087 1655 945624 610272 253251 82101 190345 121584 107477 107598 192871 155794 42418 78413 18567 18086 1944 481 5205386 5485413 707769 769453 6448210 6718736 32130 71541 32130 71541 X 1007305 1080409 1738213 1834080 3670562 3732706 6416080 6647195 6448210 6718736 X 10375 159056 61684 X 0 1 X 1 0 X 407936 903260 676787 309704 385674 2683361 229491 195143 178877 197396 155439 956346 637427 1098403 855664 507100 541113 3639707 93479 3546228 192657 194726 245585 303433 126528 1062929 4702636 971242 0.75410 0.75590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4535099 15960 423394 -112059 5086512 4569997 702 -23984 11616 4535099 4661333 1538 34542 127416 4569997 3926257 232854 595327 93105 4661333 3891681 20255 389424 68576 3926257 0 0 9747 9266 481 8820 8820 0 481 split interest agreements 763637 Cash value of life insurance policy 5816 769453 X 1495911 159056 155439 10340 324835 1171076 -215077 -215077 955999 1264796 155439 215077 370516 894280 51344 51344 945624 Part V, Line 4: Provide scholarships and program support at Edmonds Community College. Part X, Line 2: The Foundation qualifies as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code, and, therefore, has no provision for federal income taxes. In addition, the Foundation qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(1). The Foundation's tax filings are subject to audit by various taxing authorities, generally for three years after the return was filed. In evaluating the Foundation's tax provisions and accruals, future taxable income, and the reversal of temporary differences, interpretations, and tax planning strategies are considered. The Foundation believes their estimates are appropriate based on current facts and circumstances. Part XI, Line 2d - Other Adjustments: Change in value of split interest agreement 61,684. Investment Management Fees -51,344. Part XI, Line 4b - Other Adjustments: SPECIAL EVENT EXPENSEs -213,961. Pledge bad debt netted with revenue -1,116. Part XII, Line 2d - Other Adjustments: Special Event expenses 213,961. Pledge bad debt netted with revenue 1,116. AUCTION 334872 36458 298414 11638 51321 99450 Scholarship Dinner 29153 4518 24635 0 198 13023 1 36500 0 36500 2077 333 35901 400525 40976 359549 13715 51852 148374 213941 145608 1 Edmonds Community College 20000 68th ave w lynnwood WA 98036 910825212 159370 Support for college faculty, staff and programs Scholarships for students attending edmonds community College 200 364929 Part I, Line 2: Grants - Provides support to instructional areas on campus and provides financial support to the College, its ancillary programs and projects endorsed by the College. These include awards to outstanding faculty and staff. College program support also includes grants provided to college programs, instructional departments, and activities. The Foundation Board and its grants committee annually review the applications for funding. Scholarships - Provide financial support to underserved and deserving students to enable them to further their educational goals. The Foundation's committee annually reviews and approves the applications for scholarships. X Auction Items 100 40976 Cost/Selling 0 1 0 Form 990, Part VI, Section B, line 11b A copy of the 990 was provided to the board of directors prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Annually, Edmonds Community College Foundation provides the Board of Directors and Staff with a Conflict of Interest Policy and Disclosure along with a list of all persons and entities with which they have done business over the past 12 months. The Board or Staff member is asked to disclose if they have a relationship with any persons or entities on the list that may be perceived as a conflict of interest. Once all the disclosures have been returned, the Audit & Policy Committee Chair reviews the statements, and in consultation with the Executive Director, determines if conflicts exist and how they will be addressed. Each individual who has disclosed a perceived conflict receives a memo telling them if their disclosure is or is not a conflict and how the Foundation will address it. Form 990, Part VI, Section B, line 15 ALL FOUNDATION STAFF ARE EMPLOYED THROUGH THE RELATED ORGANIZATION, EDMONDS COMMUNITY COLLEGE, WHICH IS AN INSTITUTION OF HIGHER LEARNING IN THE STATE OF WASHINGTON. RULES AND REGULATIONS FOR COMPENSATION OF COLLEGE EMPLOYEES ARE DEPENDENT ON THEIR CLASSIFICATION. THE VP FOR COLLEGE RELATIONS AND ADVANCEMENT and the Finance Manager are EXEMPT EMPLOYEEs. THE COLLEGE IS DIRECTLY RESPONSIBLE FOR ESTABLISHING SALARY SCHEDULES FOR EXEMPT EMPLOYEES. PLACEMENT OF SPECIFIC POSITIONS WITHIN THOSE SCHEDULES IS GOVERNED BY POLICY GUIDELINES ESTABLISHED BY THE BOARD OF TRUSTEES WHICH RELATE TO THE JOB RESPONSIBILITIES, EDUCATION AND REQUIRED EXPERIENCE FOR THE POSITION. THE FOUNDATION'S PROGRAM MANAGER IS A CLASSIFIED EMPLOYEE. JOB CLASSIFICATIONS AND SALARY RANGE PLACEMENT IS DETERMINED BY THE STATE OF WASHINGTON. THE COLLEGE THEN DETERMINES THE PLACEMENT WITHIN THE RANGE OF THE INDIVIDUAL HIRED FOR THE POSITION BASED UPON EXPERIENCE AND EDUCATION. Form 990, Part VI, Section C, line 19 Governing documents and policies are made available to the public by request only. Financial Statements are summarized and provided on the Foundation website. Form 990, Part XI, line 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 61,684. EDMONDS COMMUNITY COLLEGE 20000 68TH AVE W LYNNWOOD WA 98036 910825212 COLLEGE WA 501(C)(3) 5 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 Edmonds Community College B 210101 Cost edmonds Community College N 54791 cost edmonds Community College O 100648 cost edmonds Community College P 166976 COST