2026-04-06T12:02:18-05:00 2025-06-30 911275259 SMITH BUNDAY BERMAN BRITTON PS 11820 NORTHUP WAY SUITE E100 BELLEVUE WA 980051964 990 2024-07-01 911051671 BELLEVUE COLLEGE FOUNDATION BELL 4255645074 3000 LANDERHOLM CIRCLE SE A101 BELLEVUE WA 980076484 SEAN MARSH EXECUTIVE DIRECTOR 4255645074 2026-04-06 1 0 ROB KLEE P01384134 4258278255 2026-04-06 2024 2025-03-06 01:10:19Z SEAN MARSH 3000 LANDERHOLM CIRCLE SE BELLEVUE WA 98007 5144854 0 X WWW.BELLEVUECOLLEGE.EDU/FOUNDATION X 1978 WA SUPPORTS BELLEVUE COLLEGE, ITS FACULTY AND ITS STUDENTS.(SEE FULL DESCRIPTION IN SCHEDULE O.) BELLEVUE COLLEGE FOUNDATION WORKS IN TANDEM WITH BELLEVUE COLLEGE TO GENERATE FUNDS FOR THE SCHOOL, SHARING STAFF AND FACILITIES WITH THE COLLEGE.THE FOUNDATION ADMINISTERS DONOR RESTRICTED FUNDS FOR THE BENEFIT OF VARIOUS DEPARTMENTS AND PROGRAMS OF BELLEVUE COLLEGE, FOR STUDENT SCHOLARSHIPS AND FOR FACULTY EXCELLENCE. 17 17 0 143 0 0 5129407 2504712 81995 97456 1241996 994724 207681 368207 6661079 3965099 2208209 2458490 0 0 780003 795170 0 0 528267 463379 791165 3451591 4044825 3209488 -79726 27245009 28585858 453742 393645 26791267 28192213 BELLEVUE COLLEGE FOUNDATION BRINGS TOGETHER PEOPLE AND RESOURCES ACROSS THE COMMUNITY TO INVEST IN BC STUDENTS, FACULTY, AND STAFF TO REALIZE THEIR GOALS AND DREAMS. 0 0 1672512 1346659 BELLEVUE COLLEGE FOUNDATION PROVIDED GRANTS TO BELLEVUE COLLEGE AND A WIDE RANGE OF ITS PROGRAM, ACTIVITIES AND DEPARTMENTS TO ENABLE INNOVATIONS, ENHANCEMENTS AND EXCELLENCE, WHICH ARE NOT POSSIBLE THROUGH TUITION AND STATE SUPPORT. 1093355 1093355 BELLEVUE COLLEGE FOUNDATION AWARDED SCHOLARSHIPS TO STUDENTS IN THE FORM OF TUITION, BOOKS OR FEES, AS WELL AS EMERGENCY ASSISTANCE TO SUPPORT BASIC NEEDS SUCH AS FOOD AND HOUSING. 18476 18476 BELLEVUE COLLEGE FOUNDATION ENCOURAGES, RECOGNIZES AND REWARDS THE CREATIVE LEADERSHIP, CARE FOR STUDENTS, AND DRIVE FOR EXCEPTIONAL ACCOMPLISHMENTS EMBODIED IN THE FACULTY, STAFF AND ADMINISTRATORS OF BELLEVUE COLLEGE, AND ALSO PROVIDES EMERGENCY ASSISTANCE TO FACULTY, STAFF AND ADMINISTRATORS IN TIMES OF NEED. 2784343 1 1 0 0 0 0 0 0 0 1 0 1 0 1 0 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 1 0 1 0 1 107 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X SEAN MARSH AT BELLEVUE COLLEGE 4255642386 3000 LANDERHOLM CIRCLE SE BELLEVUE WA 98007 DANA K GRAY BOARD MEMBER 2.00 X 0 0 0 SAGHAR AMINI BOARD MEMBER 2.00 X 0 0 0 JAMES R CHESEMORE BOARD MEMBER 2.00 X 0 0 0 ANDREW BAUMANN BOARD MEMBER 2.00 X 0 0 0 SERENA CARLSEN BOARD MEMBER 2.00 X 0 0 0 LISA M BROCK PRESIDENT 4.00 X 0 0 0 ZAHRA HIRANI TREASURER 4.00 X 0 0 0 CHELLE CHASE VP - GOVERNANCE 2.00 X 0 0 0 SHAIROSE GULAMANI BOARD MEMBER 2.00 X 0 0 0 LESLIE A HEIZER NEWQUIST BOARD MEMBER 2.00 X 0 0 0 TOM NIELSEN VP - DEVELOPMENT 2.00 X 0 0 0 ERIC P VONDERSCHEER BOARD MEMBER 2.00 X 0 0 0 ANGELA GRAVES BOARD MEMBER 2.00 X 0 0 0 BLANKA KOPACZ BOARD MEMBER 2.00 X 0 0 0 CIMA J MALEK-ASLANI BOARD MEMBER 2.00 X 0 0 0 MARIA VILLA-WIGFALL SECRETARY 2.00 X 0 0 0 GRACE YU BOARD MEMBER 2.00 X 0 0 0 PAUL FEAVEL DIRECTOR OF FOUNDATION FINANCE 30.00 X 0 124052 25305 LISA CARROLL SENIOR DIRECTOR OF DEVELOPMENT 40.00 X 0 123909 25297 MICHELE LAHTI INTERIM EXECUTIVE DIRECTOR 10.00 X 0 26177 1902 MELISSA JOHNSON FORMER EXECUTIVE DIRECTOR 40.00 X 0 149221 27613 0 423359 80117 0 1 1 0 CFO SELECTIONS 3150 RICHARDS ROAD SUITE 150 BELLEVUE WA 98005 ACCOUNTING SERVICES 112632 1 X 39569 2465143 176258 2504712 INTERNT'L STUDENT SERVICES 561000 72240 72240 ADMISSIONS INCOME 561000 22661 22661 OTHER MISC 561000 2555 2555 97456 602609 602609 1554620 1162505 392115 392115 392115 22799 39569 17250 5549 5549 EXTERNAL TRUST EARNINGS 900099 362658 362658 362658 3965099 852229 0 608158 1346659 1346659 1111831 1111831 172323 172323 473363 231948 142009 99406 31143 15260 9343 6540 74741 36623 22422 15696 43600 21364 13080 9156 6780 6780 171261 171261 53527 53527 140935 140935 58051 5410 4113 48528 57998 11210 46788 9120 3739 2827 2554 5364 5364 OTHER EXPENSES 145090 11509 117956 15625 SOLICITATIONS 76098 76098 DONOR RECOGNITION 60139 60139 PLEDGES - BAD DEBT 6802 6802 4044825 2784343 732215 528267 499711 348643 201606 205455 2360730 2573668 32058 34287 16703378 17264557 4356362 4818774 3091164 3340474 27245009 28585858 53832 112705 399910 280940 453742 393645 X 3921762 3805267 22869505 24386946 26791267 28192213 27245009 28585858 -79726 1480672 0 X X 0 1 X 1 0 X 3099268 1688722 3962977 5344631 2867370 16962968 148453 156144 74382 81132 577042 1037153 3247721 1844866 4037359 5425763 3444412 18000121 4035084 13965037 289605 699578 709734 634836 602609 2936362 20936483 391451 0.66700 0.61100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18658665 272381 1840511 -473836 -32331 20265390 14677097 2649647 1763874 -403803 -28150 18658665 13438887 254825 1324798 -316951 -24462 14677097 15038652 325833 -1558759 311479 -27680 13438887 11608886 359890 3368682 274286 24520 15038652 0.00000 1.00000 1 0 0 DFA US CORE EQUITY 4818774 F 4818774 FUNDS HELD IN TRUST BY UNRELATED OUTSIDE ORGANIZATIONS 3340474 3340474 6129870 1480672 577042 143334 2201048 3928822 36277 36277 3965099 4728924 577042 160584 737626 3991298 53527 53527 4044825 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUNDS IS TO PROVIDE CURRENT INCOME FOR THE PURPOSES OF FUNDING SCHOLARSHIPS AND OTHER PROGRAM ACTIVITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTERNALLY GENERATED CUSTODIAL FEES REMOVED FROM EXPENSES 143,334. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFY INVESTMENT FEES FROM DIVIDENDS TO EXPENSE 53,527. RECLASSIFY COSTS ASSOCIATED WITH FUNDRAISING EVENTS -17,250. PART XII, LINE 2D - OTHER ADJUSTMENTS: INTERNALLY GENERATED CUSTODIAL FEES REMOVED FROM EXPENSES 143,334. RECLASSIFY COSTS ASSOCIATED WITH FUNDRAISING EVENTS 17,250. ROUNDING PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFY INVESTMENT FEES FROM DIVIDENDS TO EXPENSE 53,527. GOLF 62368 39569 22799 900 5000 5146 6204 62368 39569 22799 900 5000 5146 6204 17250 5549 1 BELLEVUE COLLEGE 3000 LANDERHOLM CIRCLE SE BELLEVUE WA 98007 910819265 501(C)(1) 1346659 0 FUNDING BELLEVUE COLLEGE PROGRAMS, ACTIVITIES AND DEPARTMENTS TO ENABLE INNOVATIONS, ENHANCEMENTS AND PROMOTE EXCELLENCE. SCHOLARSHIPS FOR TUITION AND CHILDCARE 617 911835 0 SCHOLARSHIPS IN THE FORM OF EMERGENCY AID 165 181520 0 AWARDS TO BELLEVUE COLLEGE FACULTY AND STAFF 31 18476 0 PART I, LINE 2: RECIPIENTS OF GRANTS FROM THE BELLEVUE COLLEGE FOUNDATION ARE REQUIRED TO FILE REPORTS SUMMARIZING HOW FUNDS WERE USED AND EVALUATING THE PROJECT UPON COMPLETION. FOR MAJOR GRANTS, THE FOUNDATION STAFF, INCLUDING THE EXECUTIVE DIRECTOR, VERIFY THE ACTIVITY IN A VARIETY OF WAYS,INCLUDING, BUT NOT LIMITED TO VISITING THE PROGRAM, TOURING THE FACILITY, EXAMINING THE EQUIPMENT OR WITNESSING THE USE OF THE GRANT MONEY, AND ATTENDING THE EVENTS RELATED TO THE USE OF FUNDS. SCHEDULE I, PART III PART III, ASSISTANCE TO INDIVIDUALS: SCHOLARSHIP AWARD PAYMENTS FOR TUITION, FEES AND BOOKS ARE REMITTED TO BELLEVUE COLLEGE. CHILDCARE SCHOLARSHIPS ARE PAID TO BELLEVUE COLLEGE AND OTHER PARTICIPATING CHILDCARE PROVIDER AGENCIES. EMERGENCY FUNDS IN INCREMENTS OF $25-$250 ARE PROVIDED DIRECTLY TO STUDENTS IN THE FORM OF PREPAID PAYMENT CARDS FOR URGENTLY NEEDED FOOD, TRANSPORTATION OR HOUSING. IN RARE CIRCUMSTANCES, EMERGENCY FUNDS MAY BE PAID TO A STUDENT OR TO A STUDENT'S LANDLORD OR OTHER PARTY THAT IS PROVIDING SERVICES TO A STUDENT. BELLEVUE COLLEGE FOUNDATION DISTRIBUTED PREPAID GIFT CARDS TO STUDENTS FACED WITH FOOD EMERGENCIES. 0 0 0 0 0 0 0 0 0 MELISSA JOHNSON FORMER EXECUTIVE DIRECTOR 0 149221 0 0 0 0 0 0 0 27613 0 176834 0 0 X 45 41645 GROSS PROCEEDS X 9 118467 PUBLISHED SALES PRICE X DONATED SERVICE 1 9604 COST X TANGIBLE GOODS 6 6542 FMV-COMPARABLE SALES 0 1 1 PART I, LINE 32B: BELLEVUE COLLEGE FOUNDATION ("THE FOUNDATION")HAS CONTRACTED WITH A VEHICLE PROCESSOR ("PROCESSOR") TO RECEIVE, HANDLE AND SELL DONATED CARS AND TRUCKS. THE PROCESSOR ARRANGES EITHER TOWING OR PICK UP AND DELIVERY TO A VEHICLE AUCTION SITE. THE PROCESSOR ALSO IS RESPONSIBLE FOR FILING INTERNAL REVENUE SERVICE ("IRS") FORMS 1098-C AND MAILING THE FORMS TO THE DONORS, AS REQUIRED. AUCTION FEES, TOWING FEES, DMV FEES, AND THE PROCESSOR'S CONTRACTED SERVICE FEES ARE DEDUCTED FROM AUCTION PROCEEDS AND THE NET AMOUNT IS REMITTED TO THE FOUNDATION. THE FOUNDATION RECORDS GROSS AUCTION RECEIPTS AS CONTRIBUTION REVENUE AND THE RELATED COSTS AS FUNDRAISING EXPENSES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 DRAFT IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE. UPON APPROVAL, FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR COMMENT AND QUESTIONS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, BOARD MEMBERS AND BOARD COMMITTEE MEMBERS,EXECUTIVE EMPLOYEES AND ANY OTHER MANAGER OR SUPERVISOR IDENTIFIED BY THE BOARD OF DIRECTORS ("BOD") OR BOARD PRESIDENT AS EXERCISING SUBSTANTIAL INFLUENCE OVER THE OPERATIONS OF THE BELLEVUE COLLEGE FOUNDATION ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONAIRE ("COI")ON AN ANNUAL BASIS. NEW BOARD MEMBERS ARE ASKED TO IMMEDIATELY SUBMIT THEIR COI FORMS. THE FOUNDATION REVIEWS AND RETAINS THE COMPLETED COI FORMS AND INVESTIGATES IDENTIFIED CONFLICTS. THE FOUNDATION EXECUTIVE DIRECTOR INVESTIGATES AND DISCLOSES TO THE BOD ALL CONFLICTS OF INTEREST REPORTED UNDER THIS POLICY. THE BOD EVALUATES DISCLOSURES AND MATERIAL FACTS RELATING TO THE TRANSACTION OR ARRANGEMENT GIVING RISE TO THE POTENTIAL CONFLICT OF INTEREST TO DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS AND TO DEVELOP ALTERNATIVES TO REMOVE ANY CONFLICT FROM A TRANSACTION OR ARRANGEMENT. AN INDIVIDUAL WHO HAS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST SHALL NOT BE PRESENT FOR THIS DISCUSSION UNLESS REQUIRED TO MAKE A PRESENTATION, PROVIDE ADDITIONAL FACTS OR ANSWER QUESTIONS. RESOLUTION TO A DISCLOSED CONFLICT WILL BE BASED ON THE SPECIFIC FACTS AND CIRCUMSTANCES OF THE SITUATION AND MAY INCLUDE SUSPENSION FROM VOTING OR PARTICIPATING IN DECISIONS WITH REGARD TO THE CONFLICT TRANSACTION. EVERY BOARD MEETING AGENDA INCLUDES A WRITTEN STATEMENT ASKING BOARD MEMBERS TO INFORM BCF OF ANY CHANGES WHICH MAY PRESENT A POTENTIAL CONFLICT OF INTEREST AND TO SUBMIT UPDATED COI FORMS TO DOCUMENT THE CHANGES SO THEY MAY BE EVALUATED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE EXECUTIVE DIRECTOR, FINANCE DIRECTOR, AND SENIOR DIRECTOR OF DEVELOPMENT OF BELLEVUE COLLEGE FOUNDATION IS SET AND REVISED NOT BY THE FOUNDATION BUT BY THE TRUSTEES OF BELLEVUE COLLEGE, A SEPARATE BUT FINANCIALLY INTERRELATED PUBLIC AGENCY. THE EXECUTIVE DIRECTOR, FINANCE DIRECTOR, AND SENIOR DIRECTOR OF DEVELOPMENT OF THE FOUNDATION ARE EMPLOYEES OF BELLEVUE COLLEGE AND PERFORM VARYING PERCENTAGES OF THEIR WORK FOR THE COLLEGE. THE FOUNDATION REIMBURSES THE COLLEGE FOR A PORTION OF EMPLOYEES' TIME SPENT ON THE FOUNDATION'S WORK BUT DOES NOT SEPARATELY PROVIDE COMPENSATION DIRECTLY TO THE INDIVIDUALS. THE COLLEGE TRUSTEES BASE THEIR APPROVAL OF COMPENSATION ON SURVEYS OF THE RESPONSIBILITIES, DUTIES AND COMPENSATION OF PERSONS IN COMPARABLE POSITIONS INSIDE AND OUTSIDE THE SYSTEM OF WASHINGTON STATE COMMUNITY AND TECHNICAL COLLEGES, WASHINGTON STATE EMPLOYEES AS A WHOLE, AND THE BROADER SPECTRUM OF SIMILAR POSITIONS IN THE SEATTLE METROPOLITAN AREA. THIS PERIODIC SURVEY IS CONDUCTED BY A PROFESSIONAL FIRM SPECIALIZING IN THE AREA OF COMPENSATION REVIEWS. MEETINGS OF THE TRUSTEES ARE OPEN TO THE PUBLIC AND MINUTES ARE KEPT OF ALL ACTIONS. FORM 990, PART VI, SECTION C, LINE 19 ALL APPLICABLE TAX FORMS - FORMS 1023 AND 990 ARE AVAILABLE UPON REQUEST IN OUR OFFICES DURING NORMAL BUSINESS HOURS. IN ADDITION, THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE FOR REVIEW UPON REQUEST IN OUR OFFICE DURING NORMAL BUSINESS HOURS. SOME OR ALL OF THESE DOCUMENTS MAY ALSO BE AVAILABLE AT OUR WEBSITE AT WWW.BELLEVUECOLLEGE.EDU/FOUNDATION. FORM 990, PAGE 6, SECTION B, LINE 13 THE FOUNDATION HAS NOT SPECIFICALLY ADOPTED A WHISTLEBLOWER POLICY BUT AS FOUNDATION OPERATIONS FALL UNDER STATE LAW RCW 42-40 WASHINGTON STATE WHISTLEBLOWER ACT, THE FOUNDATION'S BOARD HAS DETERMINED THAT THEY HAVE SUFFICIENTLY COMPLIED WITH THE WRITTEN WHISTLEBLOWER REQUIREMENTS. FORM 990, PAGE 9, PART VIII, LINE 11A - EXTERNAL TRUST EARNINGS INCOME FROM FUNDS HELD AND MANAGED BY OUTSIDE ORGANIZATION: THE SEATTLE FOUNDATION HOLDS, INVESTS AND MANAGES THE BAZ FUND ENDOWMENT FOR THE SOLE BENEFIT OF BELLEVUE COLLEGE FOUNDATION IN SUPPORT OF STUDENT SCHOLARSHIPS AND PROGRAM ENHANCEMENTS IN THE BELLEVUE COLLEGE INTERIOR DESIGN PROGRAM. THE SEATTLE FOUNDATION REPORTS THE CORPUS VALUE OF THE ENDOWMENT TO BE $2,100,868. THE SEATTLE FOUNDATION REPORTS ACCUMULATED EARNINGS HELD WERE $1,239,606 AT 6/30/25. THE FUND IS REPORTED AS "FUNDS HELD IN TRUST BY UNRELATED OUTSIDE ORGANIZATION" IN PART IX OF OTHER ASSETS ON SCHEDULE D. FORM 990, PAGE 11, PART XII, LINE 2C AUDIT OVERSIGHT AND SELECTION OF INDEPENDENT ACCOUNTANT: THE PROCESS HAS NOT SUBSTANTIALLY CHANGED FROM THE PRIOR YEAR. THE FINANCE COMMITTEE ANNUALLY APPOINTS THE INDEPENDENT ACCOUNTING FIRM WHICH IS TO PERFORM THE AUDIT, MEETS WITH THE AUDITORS AND APPROVES THE AUDITED FINANCIAL STATEMENTS. AT BOARD DISCRETION, THE BOARD OF DIRECTORS MAY ALSO MEET WITH THE AUDITORS AND REVIEW THE AUDITED FINANCIAL STATEMENTS. BELLEVUE COLLEGE 3000 LANDERHOLM CIRCLE SE BELLEVUE WA 980076484 910819265 UNIVERSITY LEVEL EDUCATION WA 501(C)(1) 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 GRANTS TO BELLEVUE COLLEGE B 1346659 AUTHORIZED CASH DISTRIBUTIONS SCHOLARSHIPS TO INDIVIDUALS WHO ATTEND BELLEVUE COLLEGE B 1093355 AUTHORIZED CASH DISTRIBUTIONS AWARDS TO BELLEVUE COLLEGE FACULTY & STAFF B 18476 ACTUAL AMOUNT PAID TO RECIPIENTS SALARIES PAYROLL TAXES & BENEFITS FOR SHARED EMPLOYEES TO BELLEVUE COLLEGE O 558802 UNREIMBURSED PORTION SALARIES PAYROLL TAXES & BENEFITS FOR SHARED EMPLOYEES TO BELLEVUE COLLEGE O 795170 ACTUAL AMOUNT PAID TO COLLEGE SHARED FACILITY COSTS - BELLEVUE COLLEGE N 18240 UNREIMBURSED PORTION SHARED FACILITY COSTS - BELLEVUE COLLEGE N 9120 ACTUAL AMOUNT PAID TO COLLEGE