2024-11-15T11:12:37-06:00 2023-12-31 952302617 SINGERLEWAK LLP 4312 KITSAP WAY 102 BREMERTON WA 98312 990 2023-01-01 911088282 JOHN BREMER AND EDWARD BREMER CONSOLIDATED TRUST JOHN 3608504360 423 PACIFIC AVE SUITE 402 BREMERTON WA 98337 JOAN HANTEN MANAGING TRUSTEE 3606492620 2024-11-13 1 0 NEAL WILLIAMS CPA P00101095 3604794611 2024-11-13 2023 2024-10-15 13:58:12Z JOAN HANTEN 423 PACIFIC AVE SUITE 402 BREMERTON WA 98337 7595968 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 3 0 0 16976 7988 0 0 0 0 527979 1128640 171493 15702 699472 1144342 199998 952576 0 0 28500 31750 0 0 0 232723 240409 461221 1224735 238251 -80393 30875723 34851219 280629 166231 30595094 34684988 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 952576 952576 TO FUND ACTIVITIES AND FUTURE PROJECTS AS DETERMINED BY THE OLYMPIC COLLEGE BOARD OF TRUSTEES CONSISTENT WITH THE PROVISIONS OF THE RESTATEMENT OF TRUST. 952576 1 0 0 0 0 0 0 0 0 0 1 1 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 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 WA X ELEVATED PROPERTY SERVICES 3608504360 423 PACIFIC AVE SUITE 402 BREMERTON WA 98337 BARBARA STEPHENSON TRUSTEE 2.00 X 4250 0 0 JOAN HANTEN MANAGING TRUSTEE - NEW 8.00 X 3000 0 0 KYLE KINCAID TRUSTEE 2.00 X 250 0 0 JOHN MITCHELL MANAGING TRUSTEE - OLD 8.00 X 24250 0 0 31750 0 0 0 0 0 0 0 636436 636436 1134828 1144684 -9856 -9856 16976 -26832 5799146 5306942 492204 492204 492204 RETURN OF CAPITAL 523000 21178 21178 MISCELLANEOUS REVENUE 531390 4380 4380 25558 1144342 0 16976 1127366 952576 952576 31750 31750 INVESTMENT EXPENSES 231866 231866 FOREIGN INCOME TAXES 8543 8543 1224735 952576 272159 0 126353 345018 201962 9033 92201 87476 12511467 6959689 5775149 5551778 24639792 28811678 40266 46236 30875723 34851219 8537 712 272092 165519 280629 166231 X 30595094 34684988 30595094 34684988 30875723 34851219 -80393 4170287 0 X 0 1 X 0 0 X X 1 OLYMPIC COLLEGE 910823201 2 1 952576 0 1 952576 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 X X 1 0 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 FOR FOREIGN STUDENTS. 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. PART IV, SECTION E, LINE 2A: ALL OF THE TRUST'S ACTIVITIES ARE FOR THE BENEFIT OF OLYMPIC COLLEGE. 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 FOR FOREIGN STUDENTS. 1518914 1518914 10990510 6957646 4032864 2043 2043 0 5551778 EQUITY SECURITIES AND OPTIONS 17985314 F MUTUAL FUNDS 6395671 F GOVERNMENT SECURITIES 1258139 F CASH, DEPOSITS, MONEY MARKET 509882 F CORPORATE FIXED INCOME 267867 F ETFS AND CEFS 2394805 F 28811678 ACCRUED EXPENSES 165519 165519 X 6227447 4170287 1144684 5314971 912476 231866 231866 1144342 2137553 1144684 1144684 992869 231866 231866 1224735 PART X, LINE 2: THE TRUST RECOGNIZES NO ACCRUED INTEREST NOR PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION. THE TRUST FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE TRUST IS SUBJECT TO ROUTINE AUDITS BY TAXING AUTHORITIES; HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE TRUST BELIEVES IT IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR YEARS PRIOR TO DECEMBER 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH RENTAL REVENUE ON FORM 990 PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH RENTAL REVENUE ON FORM 990 1 OLYMPIC COLLEGE 1600 CHESTER AVENUE BREMERTON WA 98337 910823201 501(C)(3) 952576 0 FAIR MARKET VALUE TO SUPPORT ACTIVITIES AND FUTURE PROJECTS OF THE COLLEGE. 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 REGULATIONS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE RETURN IS PROVIDED TO A BOARD MEMBER TO REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THESE 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 OLYMPIC COLLEGE B 952576 FAIR MARKET VALUE