Nonprofit · EIN 91-1182444
LAKE WASHINGTON COLLEGE FOUNDATION
Tax-exempt · KIRKLAND, WA 98034
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,692,515 | $1,797,101 | -$104,586 | $5,596,822 | $73,092 | $5,523,730 |
| December 31, 2023 | 990 | $1,617,628 | $913,452 | $704,176 | $5,556,070 | $139,097 | $5,416,973 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,380,126
- Program service revenue
- $7,250
- Investment income
- $305,139
- Net gain from sales of assets
- $147,080
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,520,836
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $12,000
- Occupancy
- $3,104
- Travel
- $96
- Program services (functional)
- $1,591,219
- Management and general (functional)
- $195,621
- Fundraising (functional)
- $10,261
Balance sheet and other
- Total assets, start of year
- $5,556,070
- Total assets, end of year
- $5,596,822
- Total liabilities, end of year
- $73,092
- Net assets, end of year
- $5,523,730
- Publicly traded securities
- $4,830,736
- Net assets without donor restrictions
- $483,892
- Net assets with donor restrictions
- $5,039,838
- Gross receipts
- $2,765,513
- Employees
- 0
- Volunteers
- 18
- Year formed
- 1949
- State of legal domicile
- WA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELISABETH SORENSEN | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $0 |
| BILL SHELBY | PRESIDENT, SCHOLARSHIPS CO-CHAIR Trustee or director, Officer | 5 | $0 |
| DR DAN FROST | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| KEN BOYER | SCHOLARSHIPS CO-CHAIR Trustee or director, Officer | 2 | $0 |
| WALT KRUEGER | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| DIANE TOOMEY | EVENTS CHAIR Trustee or director, Officer | 2 | $0 |
| NOLAN KORESKI | EX OFFICIO DIRECTOR Trustee or director, Officer | 0.5 | $0 |
| DARCY KIPNIS | EX OFFICIO DIRECTOR Trustee or director, Officer | 2 | $0 |
| AMY MORRISON | EX OFFICIO DIRECTOR Trustee or director, Officer | 1 | $0 |
| JESSICA BECK | MEMBER Trustee or director | 0.25 | $0 |
| DIANE HAELSIG | MEMBER Trustee or director | 0.25 | $0 |
| KATHY KATZENBERGER | MEMBER Trustee or director | 0.25 | $0 |
| DARRYL LYTLE | MEMBER Trustee or director | 0.25 | $0 |
| DARRELL MITSUNAGA | MEMBER Trustee or director | 0.25 | $0 |
| SIMON MOUHANNA | MEMBER Trustee or director | 0.25 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTEN OVERLEESE | MEMBER Trustee or director | 0.25 | $0 |
| LANE SAVITCH | MEMBER Trustee or director | 0.25 | $0 |
| GAYLE SHIMOKURA | MEMBER Trustee or director | 0.25 | $0 |
| GRIFFIN SMITH | MEMBER Trustee or director | 0.25 | $0 |
| NANCY STEWART | MEMBER Trustee or director | 0.5 | $0 |
| LAURA WILDFONG | TRUSTEE LIAISON Institutional trustee | 0.25 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELISABETH SORENSEN | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $0 |
| BILL SHELBY | PRESIDENT Trustee or director, Officer | 5 | $0 |
| DR DAN FROST | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| GINA HAGGERTY | TREASURER Trustee or director, Officer | 1 | $0 |
| WALT KRUEGER | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| DIANE TOOMEY | EVENTS CHAIR Trustee or director, Officer | 0.5 | $0 |
| BRUCE RIVELAND | EX OFFICIO DIRECTOR Trustee or director | 2 | $0 |
| DARCY KIPNIS | EX OFFICIO DIRECTOR Trustee or director | 2 | $0 |
| AMY MORRISON | EX OFFICIO DIRECTOR Trustee or director | 1 | $0 |
| LAURA WILDFONG | TRUSTEE LIAISON Trustee or director | 0.25 | $0 |
| KEN BOYER | MEMBER Trustee or director | 0.25 | $0 |
| DIANE HAELSIG | MEMBER Trustee or director | 0.25 | $0 |
| KATHY KATZENBERGER | MEMBER Trustee or director | 0.25 | $0 |
| DARRYL LYTLE | MEMBER Trustee or director | 0.25 | $0 |
| NAZIE NABAIE | MEMBER Trustee or director | 0.25 | $0 |
| KRISTEN OVERLEESE | MEMBER Trustee or director | 0.25 | $0 |
| LANE SAVITCH | MEMBER Trustee or director | 0.25 | $0 |
| GAYLE SHIMOKURA | MEMBER Trustee or director | 0.25 | $0 |
| NOLAN KORESKI | MEMBER Trustee or director | 0.25 | $0 |
| JESSICA BECK | MEMBER Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 11605 132 AVE NE W205C, KIRKLAND, WA 98034-8505
- Principal officer (990 for 2024)
- BILL SHELBY, 11605 132 AVE NE W205C, KIRKLAND, WA 98034
- Signed the 990
- DARCY KIPNIS, EX OFFICIO DIRECTOR
- Phone
- (425) 739-8100
- Website
- WWW.LWTECH.EDU
- Return prepared by
- GREENWOOD OHLUND PS
Mission
PROVIDE LAKE WASHINGTON INSTITUTE OF TECHNOLOGY THE MARGIN OF SUPPORT NECESSARY TO ACHIEVE EDUCATIONAL EXCELLENCE AND TO EXPAND THE FINANCIAL BASIS FOR QUALITY THAT LIES BEYOND THE SCOPE OF LEGISLATIVE FUNDING THROUGH INDIVIDUAL, CORPORATE, AND COMMUNITY PARTNERSHIPS.
Program accomplishments
- THE FOUNDATION RECEIVES VARIOUS CONTRIBUTIONS FROM DONORS AND AWARDS THE DONATIONS TO STUDENTS. IN 2024, OVER $950,000 WAS AWARDED TO STUDENTS.Expenses $954,400 · grants $954,400
- THE FOUNDATION RECEIVES CONTRIBUTIONS FROM VARIOUS DONORS INCLUDING THE PEIERLS FOUNDATION. THESE FUNDS ARE FOR THE BENEFIT OF COLLEGE PROGRAMS, THEIR STUDENTS, AND OUR IN-HOUSE HIGH SCHOOL ACADEMY PROGRAM. PROVIDE FUNDING FOR NEW ELC BUILDINGExpenses $636,819 · grants $566,436
- THE FOUNDATION PAID THE COLLEGE FOR THE COSTS OF OPERATING A SPACE FOR AN ESPRESSO CART AND RECEIVED REVENUE FROM THE ESPRESSO STAND AND ART RENTAL.revenue $7,250
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 91-1182444
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99Z)
- Assets (IRS master file)
- $5,596,822
- Income (IRS master file)
- $2,765,513
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,692,515 | $1,797,101 | $5,596,822 | IRS |
| 990 | December 2023 | $1,617,628 | $913,452 | $5,556,070 | XML |
| 990 | December 2022 | $961,366 | $752,229 | $4,586,150 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 91-1182444).
Questions about LAKE WASHINGTON COLLEGE FOUNDATION
- What is the EIN of LAKE WASHINGTON COLLEGE FOUNDATION?
- The employer identification number (EIN) of LAKE WASHINGTON COLLEGE FOUNDATION is 91-1182444.
- Is LAKE WASHINGTON COLLEGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to LAKE WASHINGTON COLLEGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKE WASHINGTON COLLEGE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAKE WASHINGTON COLLEGE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE WASHINGTON COLLEGE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LAKE WASHINGTON COLLEGE FOUNDATION?
- The 990 for the year ended December 31, 2024 names BILL SHELBY.
- Who are the officers and directors of LAKE WASHINGTON COLLEGE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 21 people; 0 received compensation from the organization.
- How much revenue does LAKE WASHINGTON COLLEGE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,692,515, expenses of $1,797,101 and total assets of $5,596,822 at year end.
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