2026-02-11T14:44:34-06:00 2025-06-30 882533599 WERSEN NONPROFIT CPAS LLC 4513 Lakeway Drive Bellingham WA 98229 990 2024-07-01 911012915 Skagit Valley College Foundation SKAG 3604163229 2405 East College Way Mount Vernon WA 98273 Kathleen Petrzelka Executive Director 3604163229 2026-02-11 1 0 Keaton Wersen CPA P01957642 3607709369 X 2024 2025-03-06 01:10:19Z Kathleen Petrzelka 2405 East College Way Mount Vernon WA 98273 10707232 0 X www.skagitfoundation.org X 1978 WA Secure donations to enhance education at Skagit Valley College through scholarships, grants, and institutional support. 14 14 0 156 0 0 3573863 2259429 823761 1017641 634229 1223524 169275 -133880 5201128 4366714 1741293 1845679 0 0 133059 66513 0 0 108821 1298217 1574475 3172569 3486667 2028559 880047 28822945 30860302 451795 490935 28371150 30369367 X Secure donations to enhance education at Skagit Valley College through scholarships, grants, and institutional support. 0 0 1841637 1730678 $1,024,098 in academic scholarships were awarded to Skagit Valley College students for the 2024/2025 school year. $714,586 (includes $8,006 of in-kind services) in program assistance grants were awarded to Skagit Valley College programs for the 2024/2025 school year.Skagit Valley College provides academic transfer and professional technical 2-year degrees and certificates in over 25 fields of study; many of these degrees transfer to most Washington State 4-year colleges and universities. Additionally, Skagit Valley College provides 4-year bachelor's degrees in Applied Science (BAS), Advanced Manufacturing and Design, Early Childhood Education, Environmental Conservation, Applied Management, and Computer Science. For students looking to become college-ready, SVC offers Adult Basic Education courses and prep classes in math, English, English Language Acquisition, GED and more. 836482 7238 878024 Skagit Valley College Foundation operates Campus View Village, a safe and inclusive student housing program on the north-end of the Skagit Valley College campus. Campus View Village serves up to 140 students year-round taking courses at Skagit Valley College. This popular program houses a large number of international students, student athletes, and others, making Campus View Village a dynamic and engaging addition to the Skagit Valley College culture. For more information, visit www.skagit.edu/cvv. 305556 107763 139617 The Foundation operates the Cardinal Athletics Booster Club for the benefit of student athletes. $107,763 in athletic scholarships were awarded to Skagit Valley College student athletes for the 2024/2025 school year. 2983675 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 10 0 1 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X Kathy Eldred 3604167823 2405 East College Way Mount Vernon WA 98273 Vhari Rust-Clark President 2.00 X X 0 0 0 John Sternlicht Vice-President 2.00 X X 0 0 0 Brian Gentry Treasurer 1.00 X X 0 0 0 Danielle Martin Secretary 1.00 X X 0 0 0 Janie Beasley Director 1.00 X 0 0 0 Todd Krantz Director 1.00 X 0 0 0 Isaac Williams Director 1.00 X 0 0 0 Margaret Rojas Director 1.00 X 0 0 0 Charlie Wend Director 1.00 X 0 0 0 Dave Ryberg Director 1.00 X 0 0 0 Kathy Doll Director 1.00 X 0 0 0 Nancy Rytand-Carey Director 1.00 X 0 0 0 Tim Rawlins Director 1.00 X 0 0 0 Amy Hong Director 1.00 X 0 0 0 Kathleen Petrzelka Executive Director 40.00 X 109075 0 24540 109075 0 24540 1 0 0 1 0 252310 2007119 119206 2259429 Student housing 531110 878024 878024 Cardinal Athletics Booster Club 813410 139617 139617 1017641 1133349 1133349 6275221 6185046 90175 90175 90175 21592 252310 155472 -133880 -133880 4366714 1017641 0 1089644 X 706580 706580 1139099 1139099 66513 22171 22171 22171 22188 6800 15388 90702 90702 529718 284044 168951 76723 13151 4551 8600 186214 168214 18000 10004 10004 9898 2666 7232 145047 144825 222 50582 45523 5059 Equipment and maintenan 223383 211576 11807 Booster expense 197793 197793 Awards and recognition 33850 33850 Hospitality and enterta 29864 2138 18342 9384 32081 13845 17693 543 3486667 2983675 394171 108821 1932327 2193883 895778 508951 1952 1644 37866 46252 225303 287592 5050632 2127439 3022977 2923193 22699209 24891050 7533 7737 28822945 30860302 281214 326888 19410 19410 88313 84218 62858 60419 451795 490935 X 5929459 5994760 22441691 24374607 28371150 30369367 28822945 30860302 880047 1118170 0 X 0 1 X 1 0 X 1977995 2918811 4343711 3573863 2259429 15073809 118000 118000 118000 118000 118000 590000 2095995 3036811 4461711 3691863 2377429 15663809 2906999 12756810 528702 900099 499711 754611 1133349 3816472 19480281 4348176 0.65490 0.64910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23296828 423254 2203974 473436 363601 25087019 19715147 2373444 1977977 432015 337725 23296828 15896177 3428263 1159283 538046 230530 19715147 19089237 495793 -2814053 589629 285171 15896177 15513852 854507 3292561 311501 260182 19089237 0.07830 0.92170 0.00000 0 0 608266 608266 3679805 1714226 1965579 724787 396413 328374 37774 16800 20974 2923193 Tenant deposits 27173 Due to SVC 33246 60419 5515565 1118170 121383 1239553 4276012 90702 90702 4366714 3517348 121383 121383 3395965 90702 90702 3486667 Part V, Line 4: It is the policy of the Foundation to invest its endowments in order to support the College in perpetuity and to achieve inter-generational equity in the spending of endowment earnings.The Board of Governors has approved an endowment spending policy that allows for continuing support of the College's scholarships and program assistance. The policy includes a spending rule providing for a distribution from endowed accounts. Ford Golf 139094 123964 15130 24832 4073 1748 33013 Athletic Auction 127302 122346 4956 5121 21665 866 60337 1 6000 5000 1000 3799 272396 251310 21086 29953 25738 2614 97149 155454 -134368 1 Skagit Valley College 205 E College Way Mount Vernon WA 98273 910822539 631365 75215 FMV Program supplies and equipment Programs to support the College 1 Scholarships 404 1131861 Rent relief 11 7238 Book Discounted student rent Part I, Line 2: Organizations: The Foundation exists for the benefit of the College. Any payments supporting the College are monitored by Foundation employees. Individuals: The College's financial aid department notifies students of awards and manages the individual payouts. The College notifies the Foundation in December of the amount needed for awarded scholarships. 0 0 0 0 0 0 0 0 0 Kathleen Petrzelka Executive Director 109075 0 0 0 0 0 3350 0 21190 0 133615 0 0 0 Schedule J, Part II: Kathleen Petrzelka, Executive Director, is legally employed by the community college. Total compensation is paid by the college, of which a portion is reimbursed by the Foundation pursuant to a shared services agreement. The unreimbursed portion is treated as an in-kind contribution. X 100 FMV X 7 36850 FMV X 2 35000 FMV X Auction items 101 43991 FMV X Program equipment 4 3065 FMV X Supplies and Tools 1 200 FMV 0 1 0 Part I, Column (b): The Organization is reporting number of contributions for amounts in Part I column (b) Form 990, Part VI, Section B, line 11b The Foundation's accountant and Executive Director review the Form 990 prior to submission to the full Board of Directors for input. Subsequently, the Executive Director signs the completed Form 990 before it is filed with the IRS. Form 990, Part VI, Section B, line 12c Each covered person completes and/or updates a conflict of interest questionnaire at the beginning of their term or as relevant changes occur. Contracts are regularly reviewed for identity to see if any board members, directors or key employees are involved. Form 990, Part VI, Section B, line 15a Compensation is paid by Skagit Valley College and, as such, the compensation process is handled by the College's human resources department, which assesses base compensation of other like positions. Compensation is reviewed periodically and compared to employees in similar positions within the community and technical college system in Washington state. The board of directors approves Foundation employee salaries annually as part of the fiscal year budget in order to remain fiscally responsible to funders and donors. Form 990, Part VI, Section C, line 19 Documents are available upon request, and an annual report is published and made available to the public. Form 990, Part IX, line 11g Contracted services: Program service expenses 1,793. Management and general expenses 5,969. Fundraising expenses 0. Total expenses 7,762. Payroll for shared employees with SVC: Program service expenses 282,251. Management and general expenses 162,982. Fundraising expenses 76,723. Total expenses 521,956.