NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION (EIN 91-1163554)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-11
- IRS object ID
- 201211329349301626
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-11T11:08:34-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLARK NUBER PS | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10900 NE 4TH STREET SUITE 1700 | AddressLine1 |
| City | BELLEVUE | City |
| State | WA | State |
| ZIP Code | 98004 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 911163554 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NORT | NameControl |
| Phone | 2063748844 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2815 2ND AVENUE NO 280 | AddressLine1 |
| City | SEATTLE | City |
| State | WA | State |
| ZIP Code | 98121 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | HENRY F KEATON | Name |
| Title | PRESIDENT AND CEO | Title |
| Phone | 2063748844 | Phone |
| Date Signed | 2012-05-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SARA ELIZABETH J HYRE | Name |
| Phone | 4254544919 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AMERICAN FINANCIAL SOLUTIONS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | HENRY F KEATON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2815 2ND AVENUE NO 280 | AddressLine1 |
| City | SEATTLE | City |
| State | WA | State |
| ZIP Code | 98121 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 6917838 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MYFINANCIALGOALS.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1986 | YearFormation |
| State Legal Domicile | WA | StateLegalDomicile |
| Activity Or Mission Description | NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION PROMOTES, SUPPORTS, - SEE SCHEDULE OMAINTAINS, DEVELOPS, AND EXTENDS EDUCATIONAL OFFERINGS AND THE PURSUIT THEREOF AT OR IN CONNECTION WITH THE NORTH SEATTLE COMMUNITY COLLEGE.AMERICAN FINANCIAL SOLUTIONS (AFS) IS A DIVISION OF THE 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 COMMUNITY COLLEGE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 6 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 6 | NbrIndependentVotingMembers |
| Total Nbr Employees | 50 | TotalNbrEmployees |
| Total Nbr Volunteers | 3 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 7126727 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4179449 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 2879457 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 2659911 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 7154 | InvestmentIncomePriorYear |
| Investment Income Current Year | 78478 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 10013338 | TotalRevenuePriorYear |
| Total Revenue Current Year | 6917838 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 40000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 250000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2902945 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2729699 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 12458052 | OtherExpensePriorYear |
| Other Expenses Current Year | 3834883 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 15400997 | TotalExpensesPriorYear |
| Total Expenses Current Year | 6814582 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -5387659 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 103256 | RevenuesLessExpensesCY |
| Total Assets BOY | 10180090 | TotalAssetsBOY |
| Total Assets EOY | 7900095 | TotalAssetsEOY |
| Total Liabilities BOY | 4703471 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2320220 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 5476619 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 5579875 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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 | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 5545367 | Expense |
| Revenue | 2659911 | Revenue |
| Description | CONSUMER CREDIT COUNSELING PROGRAM TO ASSIST FINANCIALLY DISTRESSED INDIVIDUALS GAIN CONTROL OF PERSONAL FINANCIAL SITUATIONS THROUGH EDUCATION AND INDIVIDUALLY TAILORED SOLUTIONS. NET REVENUES FROM CREDIT COUNSELING ACTIVITIES FUND THE FOUNDATION'S FINANCIAL AND PROGRAMMATIC SUPPORT OF THE COLLEGE.CREDIT COUNSELING - 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. 10,747 CLIENTS WERE COUNSELED IN A CONFIDENTIAL, ONE-ON-ONE COUNSELING SESSION, - SEE SCHEDULE O WHERE CERTIFIED CREDIT COUNSELORS HELP ASSESS CLIENTS' SITUATIONS AND IDENTIFY OPTIONS TO MANAGE AND PAY OFF DEBTS. THERE IS NO CHARGE FOR COUNSELING OR EDUCATION SERVICES. DEBT MANAGEMENT PLANS - ONE OF THE OPTIONS AVAILABLE TO CLIENTS WHO ARE STRUGGLING WITH REPAYING UNSECURED DEBT IS A DEBT MANAGEMENT PLAN. A DEBT MANAGEMENT PLAN IS A WAY TO CONSOLIDATE CREDIT AND UNSECURED DEBT INTO ONE MONTHLY PAYMENT THAT FITS WITHIN A CLIENT'S BUDGET, ALLOWING REPAYMENT OF DEBTS MORE QUICKLY OVER TIME THAN WOULD OTHERWISE BE POSSIBLE. CHARGES APPLY TO ENROLL IN DEBT MANAGEMENT PLANS. THESE FEES ARE REGULATED BY THE 48 STATES IN WHICH AFS IS LICENSED AND BY INDUSTRY GUIDELINES DEVELOPED BY NON-PROFIT CREDIT COUNSELING AGENCIES. 2,366 DEBT MANAGEMENT PLANS WERE ENTERED INTO DURING THE FISCAL YEAR.HOME FORECLOSURE COUNSELING - AFS IS A HUD-APPROVED HOUSING COUNSELING AGENCY THAT OFFERS ASSISTANCE TO CLIENTS TO HELP THEM TRY TO AVOID THE LOSS OF THEIR HOMES. IN CONFIDENTIAL, ONE-ON-ONE COUNSELING SESSIONS, 405 CLIENTS WERE OFFERED HELP BY AFS COUNSELORS WHO ASSESS THEIR SITUATIONS, INFORM THEM OF OPTIONS AND WORK DIRECTLY WITH THEIR LENDERS TO TRY TO FIND SOLUTIONS THAT WILL WORK FOR THE CLIENT. MORTGAGE COUNSELING SESSIONS ARE OFFERED FREE OF CHARGE TO CLIENTS.COUNSELING BEFORE BANKRUPTCY - IN CONFIDENTIAL, ONE-ON-ONE COUNSELING SESSIONS, AFS CERTIFIED CREDIT COUNSELORS HELPED 580 CLIENTS ASSESS THEIR CURRENT INCOME AND ASSETS VERSUS MONTHLY EXPENSES AND DEBTS. WITH THIS INFORMATION, AFS CREATES AN ACCURATE AND DETAILED MONTHLY BUDGET THAT CAPTURES THE CLIENT'S OVERALL FINANCIAL SITUATION. THIS PROCESS ALLOWS THE COUNSELOR TO BETTER EXPLAIN WHAT BANKRUPTCY MEANS TO THE CLIENT AND THE POSSIBLE ALTERNATIVES FOR HANDLING DEBTS. AFS IS APPROVED BY THE EXECUTIVE OFFICE FOR U.S. TRUSTEES (EOUST) TO ISSUE CERTIFICATES OF CREDIT COUNSELING IN COMPLIANCE WITH THE BANKRUPTCY CODES OF CALIFORNIA, GEORGIA, INDIANA, MARYLAND, NEW YORK, OREGON, TEXAS, VIRGINIA AND WASHINGTON. APPROVAL DOES NOT ENDORSE OR ASSURE THE QUALITY OF AN AGENCY'S SERVICES.POST-BANKRUPTCY EDUCATION - THE BANKRUPTCY CODE REQUIRES CONSUMERS TO COMPLETE AN APPROVED FINANCIAL EDUCATION COURSE, ALSO KNOWN AS POST-BANKRUPTCY CREDIT COUNSELING, WITH AN APPROVED AGENCY BEFORE DEBTS CAN BE DISCHARGED. AFS PROVIDES THIS COURSE UTILIZING THE "MONEY IN MOTION" PROGRAM. AFS IS APPROVED BY THE EXECUTIVE OFFICE FOR U.S. TRUSTEES (EOUST) TO PROVIDE THE REQUIRED POST-BANKRUPTCY EDUCATION IN COMPLIANCE WITH THE BANKRUPTCY CODES OF CALIFORNIA, GEORGIA, INDIANA, MARYLAND, NEW YORK, OREGON, TEXAS, VIRGINIA AND WASHINGTON. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 250000 | Expense |
| Grants | 250000 | Grants |
| Description | SUPPORTS NORTH SEATTLE COMMUNITY COLLEGE THROUGH FINANCIAL CONTRIBUTIONS FOR SCHOLARSHIPS, FACULTY GRANTS AND OTHER PURPOSES, AND BY PROVIDING FOUNDATION PERSONNEL AND RESOURCES FOR SPECIFIC EDUCATIONAL PROJECTS IN COLLABORATION WITH THE COLLEGE. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 21548 | Expense |
| Description | PUBLIC EDUCATIONAL OUTREACH ACTIVITIES FOCUSING ON CONSUMER DEBT AND OTHER PERSONAL FINANCE SUBJECTS. FREE WORKSHOPS, SEMINARS, PUBLICATIONS AND ONLINE COURSES. 1,235 INDIVIDUALS PARTICIPATED IN FACE TO FACE EDUCATION CLASSES, WHILE 1,830 INDIVIDUALS PARTICIPATED IN ON-LINE EDUCATION CLASSES.FINANCIAL LITERACY EDUCATION - AMERICAN FINANCIAL SOLUTIONS, IN PARTNERSHIP WITH THE SEATTLE COMMUNITY COLLEGES TELEVISION AND NORTH SEATTLE COMMUNITY COLLEGE, HAS CREATED EIGHT POWERFUL PERSONAL FINANCE COURSES THAT ARE AVAILABLE TO THE PUBLIC ONLINE FOR FREE, WITH AN OPTION TO RECEIVE A CERTIFICATE FOR THE STUDENT'S CREDIT FILE, CALLED "INVESTING IN YOURSELF." THIS SERIES OF PROGRAMS - SEE SCHEDULE O TEACHES THE ESSENTIALS OF SMART MONEY MANAGEMENT. AFS ALSO CONDUCTS WORKSHOPS IN THE WESTERN WASHINGTON COMMUNITY TO BUILD FINANCIAL LITERACY AND HELP PERSONS TO BETTER MANAGE THEIR MONEY. A VARIETY OF PROGRAMS ARE AVAILABLE FOR ADULTS, YOUNG ADULTS, PARENTS AND TEACHERS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 5816915 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 26 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 50 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 6 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 6 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ME | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NM | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CINDY SEREMEK | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2063748844 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2815 2ND AVENUE 280 | AddressLine1 |
| City | SEATTLE | City |
| State | WA | State |
| ZIP Code | 98121 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (9 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| JEROME GRONFEIN | |||||||
| CHAIR | 3.00 | X | X | 1200 | 0 | 0 | |
| JOSEPH JAHN | |||||||
| VICE CHAIR | 3.00 | X | X | 1200 | 0 | 0 | |
| WILLIAMS JARVIS | |||||||
| SECRETARY | 3.00 | X | X | 1200 | 0 | 0 | |
| WILLIAM MASON | |||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | ||
| DR RONALD LAFAYETTE | |||||||
| BOARD MEMBER | 3.00 | X | 1200 | 0 | 0 | ||
| MARK MITSUI | |||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | ||
| HENRY F KEATON | |||||||
| CEO/PRESIDENT | 45.00 | X | 152120 | 0 | 5899 | ||
| CINDY R SEREMEK | |||||||
| CFO | 45.00 | X | 131920 | 0 | 17673 | ||
| KEVIN F CROWE | |||||||
| DIR OF REG COMPLIANCE | 40.00 | 127877 | 0 | 15383 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 416717 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 38955 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| AMERIX CORPORATION | |||||
| 8930 STANFORD BLVD | COLUMBIA | MD | 21045 | BACK OFFICE PROCESSING | 1658290 |
| 3C INCORPORATED | |||||
| 8930 STANFORD BLVD | COLUMBIA | MD | 21045 | MARKETING | 231297 |
| 1600 AMPHITHEATRE PARKWAY | MOUNTAIN VIEW | CA | 94043 | MARKETING | 206611 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| All Other Contributions | 4179449 | AllOtherContributions |
| Total Contributions | 4179449 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CLIENT/SETUP, NSF FEES | Description |
| Business Code | 541990 | BusinessCode |
| Total Revenue Column | 2659911 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2659911 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 2659911 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 78478 | TotalRevenueColumn |
| Exclusion | $78,478 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6917838 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2659911 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $78,478 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 250000 | Total |
| Program Services | 250000 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 319713 | Total |
| Management And General | 319713 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1821164 | Total |
| Program Services | 1608830 | ProgramServices |
| Management And General | 212334 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25230 | Total |
| Program Services | 23086 | ProgramServices |
| Management And General | 2144 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 353900 | Total |
| Program Services | 325923 | ProgramServices |
| Management And General | 27977 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 209692 | Total |
| Program Services | 178508 | ProgramServices |
| Management And General | 31184 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 90903 | Total |
| Program Services | 5261 | ProgramServices |
| Management And General | 85642 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42816 | Total |
| Program Services | 2477 | ProgramServices |
| Management And General | 40339 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 770084 | Total |
| Program Services | 770084 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 390670 | Total |
| Program Services | 363618 | ProgramServices |
| Management And General | 27052 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18132 | Total |
| Program Services | 16056 | ProgramServices |
| Management And General | 2076 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 197689 | Total |
| Program Services | 161553 | ProgramServices |
| Management And General | 36136 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25057 | Total |
| Program Services | 18793 | ProgramServices |
| Management And General | 6264 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 73872 | Total |
| Program Services | 65714 | ProgramServices |
| Management And General | 8158 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 327481 | Total |
| Program Services | 146891 | ProgramServices |
| Management And General | 180590 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| PROCESSING FEES | 1733815 | 1733815 | |
| LICENSE/PERMITS/FEES | 77869 | 77869 | |
| DUES & SUBSCRIPTIONS | 22350 | 20115 | 2235 |
| CLIENT EDUCATION | 21548 | 21548 | |
| ACCREDITATION | 5153 | 2577 | 2576 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37444 | Total |
| Program Services | 24197 | ProgramServices |
| Management And General | 13247 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6814582 | Total |
| Program Services | 5816915 | ProgramServices |
| Management And General | 997667 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1603026 | BOY |
| EOY | 1273857 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7938535 | BOY |
| EOY | 5998775 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37121 | BOY |
| EOY | 178319 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 102186 | BOY |
| EOY | 23543 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 369196 | BOY |
| EOY | 354039 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 683892 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 612330 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 130026 | BOY |
| EOY | 71562 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10180090 | BOY |
| EOY | 7900095 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1883058 | BOY |
| EOY | 577094 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 100000 | BOY |
| EOY | 100000 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2720413 | BOY |
| EOY | 1643126 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4703471 | BOY |
| EOY | 2320220 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5476619 | BOY |
| EOY | 5579875 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5476619 | BOY |
| EOY | 5579875 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10180090 | BOY |
| EOY | 7900095 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 103256 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 30558931 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 18733508 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 11302088 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 7126727 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4179449 | CurrentTaxYear |
| Total | 71900703 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 30558931 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 18733508 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 11302088 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 7126727 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4179449 | CurrentTaxYear |
| Total | 71900703 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 2833701 | AmountsSubstContributorsTotal |
| Public Support Total170 | 69067002 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 941542 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 649128 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 127572 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 7154 | CurrentTaxYearMinus1Year |
| Current Tax Year | 78478 | CurrentTaxYear |
| Total | 1803874 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 62828 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 616088 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 314270 | CurrentTaxYearMinus1Year |
| Total | 993186 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 74697763 | TotalSupport |
| Gross Receipts From Admissions Etc | 11486932 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.92460 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.94300 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INSURANCE REIMBURSEMENT | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 110004 | OtherCostOrOtherBasis |
| Depreciation | 110004 | Depreciation |
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 573888 | OtherCostOrOtherBasis |
| Depreciation | 502326 | Depreciation |
| Book Value | 71562 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 71562 | TotalOfBookValueLandBuildings |
| Total Revenue | 6917838 | TotalRevenue |
| Total Expenses | 6814582 | TotalExpenses |
| Excess Or Deficit For Year | 103256 | ExcessOrDeficitForYear |
| Total Adjustments | 0 | TotalAdjustments |
| Excess Or Deficit Per FS | 103256 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 6917838 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 6917838 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 6917838 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 6814582 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 6814582 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 6814582 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART IV, LINE 2B: | ReturnReference |
| Explanation | 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. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| NORTH SEATTLE COMMUNITY COLLEGE EDUCATION FUND | |||||||
| 9600 COLLEGE WAY NORTH | SEATTLE | WA | 98103 | 412178833 | 501(C)(3) | 25000 | SPONSORSHIP FOR AUCTION AND SCHOLARSHIPS. |
| NORTH SEATTLE COMMUNITY COLLEGE | |||||||
| 9600 COLLEGE WAY NORTH | SEATTLE | WA | 98103 | 910826872 | GOV'T ENTITY | 225000 | SCHOLARSHIPS, FACULTY GRANTS, PROGRAMS AND OTHER PURPOSES. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 2 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION GRANTED FUNDS TO NORTH SEATTLE COMMUNITY COLLEGE FOR SCHOLARSHIPS, FACULTY GRANTS AND OTHER PURPOSES. A SUMMARY IS RECEIVED FROM THE COLLEGE SHOWING HOW THE FUNDS WERE SPENT. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | HENRY F KEATON | NamePerson |
| Base Compensation Filing Org | 152120 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 5899 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 158019 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART I, LINE 6 - VOLUNTEER ACTIVITIES: | OFFICE ADMINISTRATIVE WORK AND BOARD MEMBERS. | |
| FORM 990, PART III, LINE I: ORGANIZATION MISSION STATEMENT | INCLUDING PROMOTING, SUPPORTING, MAINTAINING, DEVELOPING, AND EXTENDING EDUCATIONAL OFFERINGS AND THE PURSUIT THEREOF AT OR IN CONNECTION WITH THE NORTH SEATTLE COMMUNITY COLLEGE. AMERICAN FINANCIAL SOLUTIONS (AFS) IS A DIVISION OF THE NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION, A NON-PROFIT 501(C)(3) TAX EXEMPT ORGANIZATION. AFS IS DEDICATED TO: -EDUCATING THE GENERAL PUBLIC ON THE PROPER USE OF CREDIT, DEBT MANAGEMENT, AND RELATED PURPOSES. -PROVIDING FINANCIAL SUPPORT TO NORTH SEATTLE COMMUNITY COLLEGE TO FUND STUDENT SCHOLARHSIPS 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 COMMUNITY 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 AND POST-BANKRUPTCY EDUCATION. | |
| 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 11 | |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS AND DIRECTORS COMPLETE A CONFLICT OF INTEREST DISCLOSURE YEARLY. THE ORGANIZATION'S ATTORNEY REVIEWS ALL INFORMATION TO ENSURE THERE ARE NO CONFLICTS. IF A CONFLICT OF INTEREST ARISES WITH A BOARD DIRECTOR, THEY WILL NOT BE ABLE TO PARTICIPATE IN DISCUSSION OR VOTE ON SUCH TRANSACTION OR ARRANGEMENT. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS REVIEWS/ SETS THE SALARY OF THE CEO BASED UPON COMPARABLILITY DATA. IN ADDITION, THEY APPROVE THE SALARIES SUGGESTED BY THE CEO FOR HIS DIRECT REPORTS. SALARY REVISIONS WERE BASED ON LOCAL SALARY SURVEYS OBTAINED AND JOB PERFORMANCE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION WOULD REVIEW EACH REQUEST AND IF DEEMED REASONABLE, PROVIDE COPIES OF THE REQUESTED DATA. | |
| 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 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. |