2025-12-22T11:54:18-06:00 2025-06-30 911194016 CLARK NUBER PS 555 110TH AVE NE SUITE 700 BELLEVUE WA 98004 990 2024-07-01 911163554 NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION NORT 2063748844 600 UNIVERSITY STREET 2409 SEATTLE WA 98101 CINDY R SEREMEK PRESIDENT 2063748844 2025-12-19 1 0 MEGAN R RYAN P00737884 4254544919 2025-12-19 2024 2025-03-06 01:10:19Z AMERICAN FINANCIAL SOLUTIONS CINDY R SEREMEK 600 UNIVERSITY STREET 2409 SEATTLE WA 98101 10443116 0 X WWW.MYFINANCIALGOALS.ORG X 1986 WA NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION PROMOTES, SUPPORTS, MAINTAINS, DEVELOPS, AND EXTENDS EDUCATIONAL OFFERINGS AND THE PURSUIT THEREOF AT OR IN CONNECTION WITH NORTH SEATTLE COLLEGE.AMERICAN FINANCIAL SOLUTIONS (AFS) IS A DIVISION OF NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION, THE MISSION OF WHICH IS TO EMPOWER PEOPLE TO IMPROVE THE QUALITY OF THEIR LIVES THROUGH FINANCIAL EDUCATION AND COUNSELING. WE REDIRECT A PORTION OF OUR PROCEEDS TO A FUND THAT PROVIDES STUDENT SCHOLARSHIPS, FACULTY GRANTS, AND OTHER ACADEMIC PROGRAMS FOR NORTH SEATTLE COLLEGE. 10 10 60 2 0 0 4213044 4841892 4473823 5094341 427153 506484 0 250 9114020 10442967 290000 900000 0 0 3583136 3792996 0 0 0 2026694 2124544 5899830 6817540 3214190 3625427 20174276 25460641 3170921 3400180 17003355 22060461 X THE NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION (THE FOUNDATION) OPERATES EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954, AS AMENDED. - SEE SCHEDULE O 0 0 5876856 900000 5094341 CONSUMER CREDIT COUNSELING: THE FOUNDATION'S CONSUMER CREDIT COUNSELING PROGRAM PROVIDES CONFIDENTIAL, INDIVIDUALIZED FINANCIAL COUNSELING AND EDUCATION TO FINANCIALLY DISTRESSED INDIVIDUALS. IN FY2025, CERTIFIED COUNSELORS ASSISTED OVER 14,800 CLIENTS IN MANAGING PERSONAL FINANCES AND IDENTIFYING SOLUTIONS FOR DEBT REPAYMENT. ALL COUNSELING AND EDUCATIONAL SERVICES ARE PROVIDED AT NO CHARGE. NET REVENUES ARE AVAILABLE AT THE DISCRETION OF THE BOARD TO FURTHER THE FOUNDATION'S FINANCIAL AID AND PROGRAMMATIC SUPPORT OF THE COLLEGE. DEBT MANAGEMENT PLANS: AMERICAN FINANCIAL SOLUTIONS (AFS) HELPS CLIENTS FREE THEMSELVES FROM THE ANXIETY AND STRESS OF CREDIT, DEBT, AND FINANCIAL WORRIES BY PROVIDING CREDIT COUNSELING, FINANCIAL EDUCATION, AND DEBT MANAGEMENT SERVICES THAT PUT CLIENTS IN CONTROL OF THEIR FINANCIAL SUCCESS. CLIENTS STRUGGLING WITH UNSECURED DEBT MAY ENROLL IN A DEBT MANAGEMENT PLAN (DMP), CONSOLIDATING MULTIPLE DEBTS INTO A SINGLE MONTHLY PAYMENT TAILORED TO THE CLIENT'S BUDGET. FEES FOR DMP ENROLLMENT ARE REGULATED AND WAIVED IN CASES OF FINANCIAL HARDSHIP. DURING THE FISCAL YEAR, 7,150 DMPS WERE INITIATED, AND 2,250 CLIENTS SUCCESSFULLY COMPLETED THEIR PLANS, COLLECTIVELY REPAYING OVER $21 MILLION IN DEBT. TOTAL CLIENT DEBT REPAYMENT FOR THE YEAR EXCEEDED $119 MILLION. HOME FORECLOSURE COUNSELING: AS A SUB-GRANTEE OF THE WASHINGTON STATE HOUSING FINANCE COMMISSION AND A HUD-APPROVED AGENCY, AFS PROVIDED FORECLOSURE PREVENTION COUNSELING TO OVER 600 CLIENTS. COUNSELORS WORKED DIRECTLY WITH CLIENTS AND LENDERS TO IDENTIFY SOLUTIONS, RESULTING IN 222 FAMILIES MAINTAINING HOMEOWNERSHIP. ALL SERVICES WERE DELIVERED CONFIDENTIALLY AND AT NO COST TO THE CLIENT. HOMEBUYER COUNSELING: AFS ASSISTED 75 CLIENTS IN PREPARING FOR HOMEOWNERSHIP BY EVALUATING FINANCIAL READINESS, EDUCATING ON THE LENDING PROCESS, AND REVIEWING LOAN DOCUMENTS. TWENTY CLIENTS SUCCESSFULLY PURCHASED HOMES DURING THE FISCAL YEAR. BANKRUPTCY COUNSELING AND EDUCATION: CERTIFIED COUNSELORS PROVIDED PRE-BANKRUPTCY ASSESSMENTS AND POST-BANKRUPTCY FINANCIAL EDUCATION IN COMPLIANCE WITH FEDERAL REQUIREMENTS. APPROXIMATELY 90 CLIENTS RECEIVED PRE-BANKRUPTCY COUNSELING, AND 33 COMPLETED POST-BANKRUPTCY EDUCATION. STUDENT LOAN COUNSELING AFS DELIVERED TAILORED COUNSELING TO OVER 100 INDIVIDUALS SEEKING ASSISTANCE WITH STUDENT LOAN MANAGEMENT. THE PROGRAM ALSO OFFERED EDUCATIONAL RESOURCES TO EMPLOYERS AND EMPLOYEES, INCLUDING ON-SITE CLASSES AND INDIVIDUAL COUNSELING. 212398 PUBLIC EDUCATIONAL OUTREACH: THE FOUNDATION CONDUCTED FREE WORKSHOPS, SEMINARS, PUBLICATIONS, AND ONLINE COURSES ON CONSUMER DEBT AND PERSONAL FINANCE. A TOTAL OF 1,168 INDIVIDUALS PARTICIPATED IN EDUCATIONAL PROGRAMS VIA ONLINE PLATFORMS. FINANCIAL LITERACY EDUCATION: AFS PROVIDED A COMPREHENSIVE, FREE 10-PART CURRICULUM COVERING BUDGETING, BORROWING, INVESTING, BANKING, AND STUDENT LOAN REPAYMENT. COURSES WERE AVAILABLE ONLINE AND IN-PERSON, SERVING ADULTS, YOUNG ADULTS, PARENTS, AND TEACHERS. AFS ALSO CONDUCTS IN-PERSON WORKSHOPS IN WESTERN WASHINGTON. THESE WORKSHOPS HELP TO BUILD THE KNOWLEDGE SKILLS AND BEHAVIORS NECESSARY FOR PEOPLE TO SUCCESSFULLY MANAGE THEIR FINANCES. A VARIETY OF PROGRAMS ARE AVAILABLE FOR ADULTS, YOUNG ADULTS, PARENTS AND TEACHERS. 6089254 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 60 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA CT IL MA OR MT X HELICIA THOMPSON 2063748855 600 UNIVERSITY STREET SUITE 2409 SEATTLE WA 98101 JERRY GRONFEIN DIRECTOR/CHAIRMAN 2.00 0.00 X X 3500 0 0 JOSEPH JAHN DIRECTOR/VICE CHAIRMAN 2.00 0.00 X X 3500 0 0 CAROLYN BARTON DIRECTOR/SECRETARY 2.00 0.00 X X 0 0 0 CHRISTOPHER ALEJANO DIRECTOR 1.00 0.00 X 2500 0 0 ANDREW BEMBRY DIRECTOR 1.00 0.00 X 3000 0 0 WILLIAMS JARVIS DIRECTOR 1.00 0.00 X 3000 0 0 MARY ELLEN O'KEEFFE DIRECTOR 1.00 0.00 X 3500 0 0 MELISSA PUTMAN DIRECTOR 1.00 0.00 X 2500 0 0 V LEE REES DIRECTOR 1.00 0.00 X 3500 0 0 RACHEL SOLEMSAAS DIRECTOR/EX-OFFICIO 1.00 0.00 X 0 0 0 CINDY SEREMEK PRESIDENT 45.00 0.00 X 266756 0 14376 HELICIA THOMPSON TREASURER 45.00 0.00 X 167222 0 10184 JESSICA WILLIAMS-OESTMANN DIRECTOR OF OPERATIONS 40.00 0.00 X 189395 0 7205 REBECCA HOUSE DIRECTOR OF STRATEGIC INITIATIVES 40.00 0.00 X 171175 0 6344 SHANNA LUXTON CLIENT SERVICES MANAGER 40.00 0.00 X 105150 0 3627 924698 0 41736 5 0 1 0 NATIONAL FOUNDATION FOR CREDIT COUNSELIN 2033 K ST NW SUITE 310 WASHINGTON DC 20006 MARKETING 249181 PEREGRIN SERVICES 10451 MILL RUN CIRCLE SUITE 310 OWINGS MILLS MD 21117 MARKETING 215150 GOOGLE INC PO BOX 39000 DEPT 33654 SAN FRANCISCO CA 94139 MARKETING/CLOUD SERVICES 167271 THE DAVID L ALDRIDGE COMPANY LLC PO BOX 56506 HOUSTON TX 77256 IT SUPPORT 153344 ICCO BUSINESS SOFTWARE DEVELOPMENT 9900 WEST SAMPLE ROAD SUITE 200 CORAL SPRINGS FL 33065 CRM/BUS SOFT DEV 109880 5 X 50000 591639 4200253 4841892 CLIENT/SETUP, NSF FEES 541990 5094341 5094341 5094341 506633 506633 149 -149 -149 -149 MISCELLANEOUS INCOME 900099 250 250 250 10442967 5094341 0 506734 900000 900000 804487 429232 375255 2426780 2335745 91035 52966 51995 971 238321 230928 7393 270442 237535 32907 75264 60211 15053 42001 33601 8400 39115 39115 21725 17380 4345 664635 664635 162993 157470 5523 265991 237884 28107 184722 137348 47374 21464 11376 10088 12359 11123 1236 137835 94473 43362 PROCESSING AND BANK FEE 285712 285712 LICENSES AND PERMITS 95859 95859 DUES AND SUBSCRIPTIONS 77557 74770 2787 HR AND RECRUITMENT 8146 6574 1572 29166 15403 13763 6817540 6089254 728286 0 1317610 1515688 3260690 6713842 72100 77300 81424 60439 93954 93967 364748 353664 16443 11084 14597680 16407953 734375 580368 20174276 25460641 705159 696470 290000 550000 1379580 1514487 796182 639223 3170921 3400180 X 16801855 21786961 201500 273500 17003355 22060461 20174276 25460641 3625427 1431679 0 X 0 1 X 1 0 X 3037642 3164062 4452345 4213044 4841892 19708985 3037642 3164062 4452345 4213044 4841892 19708985 8911456 10797529 92334 174586 274981 428743 506633 1477277 3576 250 3826 21190088 20992591 0.50960 0.53010 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: UBI REFUND - 2020 AMOUNT: $ 3,576. MISCELLANEOUS INCOME - 2024 AMOUNT: $ 250. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 23206 19042 4164 341542 334622 6920 11084 LEASE LIABILITY 639223 639223 11835531 1431679 1431679 10403852 39115 39115 10442967 6778425 0 6778425 39115 39115 6817540 PART IV, LINE 2B: AMERICAN FINANCIAL SOLUTIONS, A DIVISION OF NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION, COLLECTS PAYMENTS FROM CLIENTS THAT IT DISTRIBUTES TO VARIOUS CREDITORS ON THE CLIENT'S BEHALF IN ACCORDANCE WITH EACH CLIENT'S DEBT MANAGEMENT PLAN. THE AMOUNTS COLLECTED BUT NOT YET REMITTED TO CREDITORS ARE SHOWN AS CASH HELD IN TRUST WITH A CORRESPONDING LIABILITY FOR THE AMOUNTS HELD IN TRUST. 1 NORTH SEATTLE COLLEGE 9600 COLLEGE WAY NORTH SEATTLE WA 98103 910826872 GOV'T ENTITY 900000 0 TO PROVIDE RESOURCES NEEDED AT NORTH SEATTLE COLLEGE INCLUDING SCHOLARSHIPS 1 0 PART I, LINE 2: NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION PROVIDES GRANTS TO NORTH SEATTLE COLLEGE TO FUND STUDENT SCHOLARSHIPS AND OTHER EDUCATIONAL PROGRAMS. THE FOUNDATION DOES NOT MONITOR HOW NORTH SEATTLE COLLEGE USES THE SUPPORT FUNDING. THE FOUNDATION'S BOARD REVIEWS THE SUMMARY REPORT PROVIDED BY NORTH SEATTLE COLLEGE WHICH DETAILS HOW THE GRANT FUNDING WAS SPENT. X X X X 0 0 0 0 0 0 0 1 0 CINDY SEREMEK PRESIDENT 222656 0 44100 0 0 0 6103 0 8273 0 281132 0 0 0 JESSICA WILLIAMS-OESTMANN DIRECTOR OF OPERATIONS 153395 0 36000 0 0 0 5025 0 2180 0 196600 0 0 0 REBECCA HOUSE DIRECTOR OF STRATEGIC INITIATIVES 141175 0 30000 0 0 0 4320 0 2024 0 177519 0 0 0 HELICIA THOMPSON TREASURER 137222 0 30000 0 0 0 2541 0 7643 0 177406 0 0 0 PART I, LINE 7 THE BOARD OF DIRECTORS AUTHORIZED DISCRETIONARY BONUS PAYMENTS FOR CERTAIN MANAGEMENT STAFF. BONUS COMPENSATION IS AT THE ABSOLUTE DISCRETION OF THE BOARD IN SUCH AMOUNTS AND AT SUCH TIME AS THE BOARD OF DIRECTORS OF THE ORGANIZATION MAY DETERMINE. FORM 990, PART I, LINE 6 - VOLUNTEER ACTIVITIES: THERE WERE TWO VOLUNTEERS DURING THE YEAR. THE VOLUNTEERS SERVED ON THE BOARD OF DIRECTORS, WITHOUT ACCEPTING A MEETING FEE. THE ADDITIONAL EIGHT VOTING DIRECTORS OF THE BOARD ALSO CONTRIBUTED A SIGNIFICANT AMOUNT OF TIME TO THE ORGANIZATION. HOWEVER, THEY RECEIVED A NOMINAL MEETING FEE FOR THEIR SERVICE AND ARE THEREFORE NOT INCLUDED ON PART I, LINE 6 OF THE TAX RETURN. FORM 990, PART III, LINE 1, ORGANIZATION MISSION STATEMENT INCLUDING PROMOTING, SUPPORTING, MAINTAINING, DEVELOPING, AND EXTENDING EDUCATIONAL OFFERINGS AND THE PURSUIT THEREOF AT OR IN CONNECTION WITH NORTH SEATTLE COLLEGE. AMERICAN FINANCIAL SOLUTIONS (AFS) IS A DIVISION OF NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION, A NON-PROFIT 501(C)(3) TAX EXEMPT ORGANIZATION. AFS IS DEDICATED TO: -EDUCATING THE PUBLIC ON THE PROPER USE OF CREDIT, PERSONAL FINANCE, MONEY MANAGEMENT, DEBT MANAGEMENT, RESPONSIBLE USE OF CREDIT, AND OTHER RELATED PURPOSES. -PROVIDING FINANCIAL SUPPORT TO NORTH SEATTLE COLLEGE TO FUND STUDENT SCHOLARSHIPS AND OTHER EDUCATIONAL PROGRAMS. NO PART OF THE NET EARNINGS OF THE FOUNDATION OR OF AFS INURES TO THE BENEFIT OF ANY PRIVATE PERSON OR ORGANIZATION OTHER THAN STUDENT SCHOLARSHIPS AND RELATED PROGRAMS OF NORTH SEATTLE COLLEGE. AFS WAS ESTABLISHED AS A PROGRAM OF THE FOUNDATION DURING THE FISCAL YEAR ENDED JUNE 30, 1999. AFS OPERATES A CONSUMER CREDIT COUNSELING PROGRAM AND AS SUCH, OFFERS COUNSELING, EDUCATION, REFERRAL RESOURCES, AND DEBT MANAGEMENT PROGRAMS TO ITS CALLERS. AFS ALSO OFFERS A VARIETY OF EDUCATIONAL AND COUNSELING RESOURCES AND PROGRAMS TO THE GENERAL PUBLIC AND COMMUNITY ORGANIZATIONS. THE PURPOSE OF THESE SERVICES IS TO ENABLE FINANCIALLY DISTRESSED PEOPLE TO HAVE A BETTER UNDERSTANDING OF THEIR PERSONAL FINANCES AND USE OF CREDIT BY OFFERING RESOURCES AND ALTERNATIVES TO THEM. PROGRAMS OFFERED INCLUDE FINANCIAL LITERACY EDUCATION, CREDIT COUNSELING, DEBT MANAGEMENT PLANS, HOME FORECLOSURE COUNSELING, COUNSELING BEFORE BANKRUPTCY, POST-BANKRUPTCY EDUCATION AND STUDENT LOAN COUNSELING. FORM 990, PART VI, SECTION B, LINE 11B EACH BOARD MEMBER IS PROVIDED A COPY OF THE FORM 990 AND ASKED TO REVIEW THE FORM AND PROVIDE ANY COMMENTS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS COMPLETE A CONFLICT OF INTEREST DISCLOSURE YEARLY. THE INFORMATION IS REVIEWED TO ENSURE THERE ARE NO CONFLICTS. IF A CONFLICT OF INTEREST ARISES WITH A BOARD MEMBER, THEY WILL NOT BE ABLE TO PARTICIPATE IN DISCUSSION OR VOTE ON SUCH TRANSACTION OR ARRANGEMENT. THE BOARD MEMBERS MUST UPDATE THE DISCLOSURE FORM SHOULD ANY MATERIAL CHANGES TAKE PLACE DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS AND SETS THE SALARY OF THE CEO BASED UPON COMPARABILITY DATA. IN ADDITION, THEY APPROVE THE SALARIES SUGGESTED BY THE CEO FOR HER DIRECT REPORTS. SALARY REVISIONS WERE BASED ON LOCAL SALARY SURVEYS OBTAINED AND JOB PERFORMANCE. THE COMPENSATION REVIEW WAS PERFORMED IN JUNE OF 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WOULD REVIEW EACH REQUEST AND IF DEEMED REASONABLE, PROVIDE COPIES OF THE REQUESTED DATA. THE ORGANIZATION COMPLIES WITH THE PUBLIC INSPECTION REQUIREMENTS OF IRC 6104. FORM 990, PART VIII, LINE 2 NSF REFERS TO NON-SUFFICIENT FUNDS. I.R.C. SECTION 501(Q) DISCLOSURE THE INTERNAL REVENUE SERVICE HAS ESTABLISHED GUIDELINES FOR TAX EXEMPT CREDIT COUNSELING ORGANIZATIONS, WHICH ARE DESCRIBED IN IRC SECTION 501(Q). NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION REVIEWS THESE GUIDELINES EACH YEAR AND VERIFIES THAT IT DOES MEET THE REQUIREMENTS OF IRC SECTION 501(Q), AS FOLLOWS: THE ORGANIZATION PROVIDES CREDIT COUNSELING SERVICES TAILORED TO THE SPECIFIC NEEDS AND CIRCUMSTANCES OF THE CONSUMER; DOES NOT MAKE LOANS TO DEBTORS; PROVIDES ONLY INCIDENTAL SERVICES TO IMPROVE CONSUMER CREDIT RECORDS AND CREDIT HISTORY, AND DOES NOT CHARGE A SEPARATE FEE FOR SUCH SERVICES; DOES NOT REFUSE SERVICES BASED ON ABILITY TO PAY OR INELIGIBILITY/UNWILLINGNESS OF CONSUMER TO ENROLL IN A DEBT MANAGEMENT PLAN (DMP); CHARGES REASONABLE FEES AND PROVIDES WAIVERS IF CONSUMER IS UNABLE TO PAY; THE MAJORITY OF THE ORGANIZATION'S BOARD MEMBERS REPRESENT BROAD INTERESTS OF THE PUBLIC AND ARE NOT EMPLOYED BY THE ORGANIZATION OR BENEFIT FROM IT; THE ORGANIZATION DOES NOT HAVE OWNERSHIP IN AN ENTITY THAT IS INVOLVED IN THE CREDIT COUNSELING OR SIMILAR BUSINESS; AND DOES NOT PAY FOR REFERRALS OR RECEIVE AMOUNTS FOR PROVIDING REFERRALS FOR DEBT MANAGEMENT PLANS. IN ADDITION, THE ORGANIZATION DOES NOT SOLICIT CONTRIBUTIONS FROM CONSUMERS DURING THE INITIAL COUNSELING PROCESS, OR WHILE A CONSUMER IS RECEIVING SERVICES FROM THE ORGANIZATION; AND THE AMOUNT OF REVENUE THE ORGANIZATION RECEIVES FROM ITS CUSTOMERS' CREDITORS ATTRIBUTABLE TO DMP SERVICES DOES NOT EXCEED THE LIMIT OF 50 PERCENT OF TOTAL REVENUES.