2025-11-11T06:31:48-06:00 2025-06-30 910870697 AIKEN & SANDERS INC PS 324 S MAIN ST UNIT A MONTESANO WA 985634502 990 2024-07-01 911589749 PENINSULA COLLEGE FOUNDATION PENI 3604176400 1502 EAST LAURIDSEN BOULEVARD PORT ANGELES WA 98362 JEANNE MARTIN TREASURER 3604176400 2025-10-31 1 0 LONNIE RICH CPA P00333655 3605333370 2024 2025-03-06 01:10:19Z JEANNE MARTIN 1502 EAST LAURIDSEN BOULEVARD PORT ANGELES WA 98362 1430405 0 X WWW.PENCOL.EDU/FOUNDATION X 1996 WA CREATING ACCESS, EXCELLENCE AND SUCCESS FOR THE PENINSULA COLLEGE COMMUNITY BY PROVIDING FUNDS FOR STUDENTS AND PROGRAMS. 11 11 0 0 0 0 1044989 1127655 0 0 407830 302750 0 0 1452819 1430405 1336545 716072 0 0 95602 87597 0 0 64524 315757 298670 1747904 1102339 -295085 328066 7712622 8529788 609639 653393 7102983 7876395 CREATING ACCESS, EXCELLENCE AND SUCCESS FOR THE PENINSULA COLLEGE COMMUNITY BY PROVIDING FUNDS FOR STUDENTS AND PROGRAMS. 0 0 674319 519582 PENINSULA COLLEGE FOUNDATION MANAGES 28 ENDOWMENTS AND 157 INDIVIDUAL PROGRAM AND SCHOLARSHIP FUNDS. MOST SCHOLARSHIPS APPLY TO ANY FINANCIAL-AID ELIGIBLE EXPENSE. EMERGENCY SUPPORT HAS BECOME A HALLMARK OF THE PC FOUNDATION, PROVIDING ESSENTIAL SUPPORT TO STUDENTS EXPERIENCING UNEXPECTED FINANCIAL EMERGENCIES THAT THREATEN TO DERAIL THEIR EDUCATION. THE FOUNDATION CONTINUES TO SUPPORT NEW AND EXISTING PROGRAMS, AND STUDENT SCHOLARSHIPS TO SUPPORT ENROLLMENT. 253721 196490 FOUNDATION AWARDS FOR STUDENTS AND PROGRAMS COME FROM ENDOWMENT EARNINGS AND DONOR/PARTNER GIVING AND ALIGN WITH PENINSULA COLLEGE'S STRATEGIC GOALS. THIS YEAR'S GRANTS PRIMARILY SUPPORTED FACULTY RESEARCH/PROFESSIONAL DEVELOPMENT, EMERGENCY AND SCHOLARSHIP FUNDING FOR STUDENTS, TRANSITIONAL STUDIES (FOR STUDENTS EARNING A HIGH SCHOOL DIPLOMA), TESTING FEES, COMMUNITY OUTREACH, AND ALLIED HEALTH PROGRAMS. 928040 1 1 0 0 0 0 0 0 1 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 WA X X CHERYL CRANE EXECUTIVE DIRECTOR 3604176400 1502 EAST LAURIDSEN BOULEVARD PORT ANGELES WA 98362 PAUL CUNNINGHAM PAST PRESIDENT 2.00 X X 0 0 0 JEANNE MARTIN TREASURER 2.00 X X 0 0 0 RAY GRUVER PRESIDENT 2.00 X X 0 0 0 DAVE NEUPERT BOARD MEMBER 0.50 X 0 0 0 S BROOKE TAYLOR EMERITUS 0.50 X 0 0 0 KATHY CHARLTON BOARD MEMBER 0.50 X 0 0 0 JIM WALTON BOARD MEMBER 0.50 X 0 0 0 VALERIE FRATUS SECRETARY 2.00 X X 0 0 0 BRIDGETTE GRAHAM PRESIDENT ELECT 2.00 X X 0 0 0 ELLIE POLK BOARD MEMBER 0.50 X 0 0 0 CHERYL EASTERLING BOARD MEMBER 0.50 X 0 0 0 CHERYL CRANE EXECUTIVE DIRECTOR 40.00 X 107062 0 0 107062 0 0 1 0 0 0 0 1127655 232471 1127655 302750 302750 1430405 0 0 302750 716072 716072 87597 70078 13139 4380 8560 8560 226 226 981 981 2602 2602 INKIND EXPENSE 232471 97928 74399 60144 PIRATE ATHLETIC ASSOCIA 43962 43962 MISCELLANEOUS 5072 5072 PROFESSIONAL DEVELOPMEN 3349 3349 1447 1447 1102339 928040 109775 64524 1515578 1664049 65536 167629 6131508 6698110 7712622 8529788 126444 132903 483195 520490 609639 653393 X 166953 236490 6936030 7639905 7102983 7876395 7712622 8529788 328066 445346 0 X X 0 1 X 1 0 X 1087512 1187899 1323883 1044989 1127655 5771938 1087512 1187899 1323883 1044989 1127655 5771938 5771938 146165 278664 245542 195187 302750 1168308 6940246 0.83170 0.84750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 5648313 72500 566226 109419 6177620 5014885 240677 477580 84829 5648313 4477187 164929 399211 26442 5014885 5386291 140681 -912176 137609 4477187 4157482 453663 925198 150052 5386291 0.65620 0.34380 0 0 0 INVESTMENTS 6698110 F 6698110 X 1875751 445346 445346 1430405 0 1430405 1102339 0 1102339 0 1102339 PART IV, LINE 2B: THE FOUNDATION IS ACTING AS CUSTODIAN FOR FUNDS HELD ON BEHALF OF PENINSULA COLLEGE. THESE FUNDS ARE INVESTED ALONGSIDE FOUNDATION ENDOWMENT FUNDS. HOWEVER, AS OPPOSED TO OTHER INVESTMENTS AND ENDOWMENT FUNDS HELD BY THE FOUNDATION, PENINSULA COLLEGE RETAINED ALL RIGHTS TO THE FUNDS. PART V, LINE 4: THE FOUNDATION MANAGES ENDOWMENTS THAT ARE PERMANENTLY RESTRICTED. INVESTMENT EARNINGS, BUT NOT THE PRINCIPAL, ARE DISTRIBUTED IN THE FORM OF SCHOLARSHIPS, FACULTY GRANTS AND PROGRAM SUPPORT. PART X, LINE 2: THE ORGANIZATION REPORTED NO UNCERTAIN TAX POSITIONS IN IT'S FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2025. 1 STUDENT SUPPORT: THE FOUNDATION PROVIDES SCHOLARSHIPS, GRANTS AND EMERGENCY SUPPORT FOR STUDENTS. 124 519582 THE FOUNDATION PROVIDED 8 GRANT BLOCKS TO THE COLLEGE FOR PROGRAM AND STUDENT SUPPORT (DENTAL HYGIENE, EXCEPTIONAL FACULTY, MEDIA TECH, EMERGENCY FUNDS, TRANSITIONAL STUDIES, TESTING FEES, OUTREACH, ATHLETICS). DESIGNATED FUNDS ALSO SUPPORTED 17 OTHER PROGRAMS/ACTIVITIES THROUGHOUT THE YEAR. 46 196490 PART I, LINE 2: STUDENT SCHOLARSHIPS AND GRANTS: THE AMOUNT OF SCHOLARSHIPS AND GRANTS PROVIDED TO STUDENTS IS DIRECTLY RELATED TO ENDOWMENT AWARD DETERMINATIONS (AS SPECIFIED IN THE BOARD APPROVED "INVESTMENT SPENDING POLICY") AND DONOR GIVING. THERE IS A COMPETITIVE APPLICATION PROCESS FOR STUDENT SCHOLARSHIPS, CREATED IN COLLABORATION WITH THE COLLEGE, TO MEET THE NEEDS OF THE COLLEGE AND STUDENTS WHILE HONORING THE AWARD CRITERIA SET BY DONORS. LEAD BY THE FOUNDATION MANAGER, A VOLUNTEER COMMITTEE COMPRISED OF PC EMPLOYEES FROM ACROSS THE COLLEGE REVIEWS AND SCORES SCHOLARSHIP APPLICATIONS BASED ON SPECIFIC AWARD CRITERIA. AWARDS ARE SPLIT EQUALLY OVER EACH QUARTER AND STUDENT PERFORMANCE IS MONITORED BY THE COLLEGE TO ENSURE AWARD CRITERIA IS MET. IF AWARD CRITERIA IS NOT MET, THE FUNDS ARE NOT DISBURSED AND THE SCHOLARSHIP IS FORFEITED AND USED FOR A FUTURE AWARDEE. FACULTY, STAFF AND PROGRAM GRANTS: THE AMOUNT OF GRANTS PROVIDED TO FACULTY, STAFF AND PROGRAMS ARE DIRECTLY RELATED TO ENDOWMENT AWARD DETERMINATIONS AND DONOR GIVING. THE FOUNDATION BOARD ALSO ELECTS ANNUALLY WHETHER TO DESIGNATE UNRESTRICTED FUNDS FOR THIS USE. THERE IS A COMPETITIVE APPLICATION PROCESS FOR FACULTY GRANTS, THE CRITERIA FOR WHICH IS COLLABORATIVELY DETERMINED BY THE COLLEGE IN ORDER TO MEET ITS STRATEGIC OBJECTIVES AND THE DONOR OR FUNDS INTENTIONS. THE FACULTY AWARD SELECTION TEAM IS COMPRISED OF COLLEGE LEADERSHIP STAFF WHO ARE KNOWLEDGEABLE OF AVAILABLE COLLEGE FUNDS FOR LEVERAGING FOUNDATION AWARDS. GRANT RECIPIENTS REPORT BACK TO THE FOUNDATION ON THE OUTCOME OF GRANT-RELATED ACTIVITIES. X STAFF SALARIES & BENEFITS PAID BY COLLEGE 1 173781 FAIR MARKET VALUE. X PROGRAM SUPPLIES & EQUIPMENT FROM COLLEGE 1 58690 FAIR MARKET VALUE. 0 0 0 FORM 990, PART VI, SECTION A, LINE 7B WITH THE GOVERNING BODY'S SUPPORT, THE COLLEGE HIRES (AND PAYS FOR) THE LEADERSHIP POSITION (EXECUTIVE DIRECTOR) FOR THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PROVIDED TO THE FINANCE COMMITTEE AND EXECUTIVE COMMITTEE FOR INITIAL REVIEW WITH FOUNDATION STAFF. IT WAS THEN EMAILED IN ADVANCE TO INDIVIDUAL BOARD MEMBERS PRIOR TO A MEETING OF THE FULL BOARD, WHERE IT WAS FORMALLY REVIEWED AND APPROVED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND THE EXECUTIVE DIRECTOR REVIEW, UPDATE (IF NECESSARY) AND SIGN THE CONFLICT OF INTEREST POLICY FOR COMPLIANCE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION FOR THE FOUNDATION'S TOP MANAGEMENT OFFICIAL (EXECUTIVE DIRECTOR) IS PERFORMED BY PENINSULA COLLEGE, SINCE THE COLLEGE PAYS THE SALARY AND BENEFITS FOR THIS POSITION. THE COMPENSATION ALIGNS WITH SIMILIAR POSITIONS WITHIN THE COLLEGE STAFFING AND SALARY STRUCTURE. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 AND FORM 1023 ARE AVAILABLE FOR PUBLIC INSPECTION ON THE FOUNDATION'S WEBSITE (WWW.PENCOL.EDU/FOUNDATION) AND AVAILABLE UPON REQUEST BY CONTACTING THE FOUNDATION OFFICE AT 360-417-6400. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST OF THE FOUNDATION OFFICE AT 360-417-6400. THESE DOCUMENTS AND MORE ARE ALSO AVAILABLE ONLINE AT THE FOUNDATION'S WEBSITE: WWW.PENCOL.EDU/FOUNDATION. FORM 990, PART XII, LINE 2C: THE FOUNDATION HAS AN ANNUAL AUDIT. THE FINANCE COMMITTEE AND/OR THE EXECUTIVE COMMITTEE OF THE FOUNDATION BOARD WORKS WITH STAFF TO OVERSEE THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE FOUNDATION BOARD ASSUMES THE OVERALL RESPONSIBILITY AND OVERSIGHT OF THE COMPLETED AUDIT, AND REVIEWING AND APPROVING THE FINDINGS AT A MEETING OF THE FULL BOARD. 202 MANAGER LLC 1502 EAST LAURIDSEN BLVD PORT ANGELES WA 98362 813442391 RENTAL REAL ESTATE WA PENINSULA COLLEGE FOUNDATION C 20077 7240706 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0