INDEPENDENT COLLEGES OF WASHINGTON Charity Report

Public IRS 990 nonprofit record

INDEPENDENT COLLEGES OF WASHINGTON

EIN 91-0614877 · Higher Education (B40)

What they do

ICW SUPPORTS STUDENTS and ADVANCES THE LONG-TERM HEALTH and WELL-BEING of ITS MEMBER COLLEGES BY: CHAMPIONING THE VALUE of A LIBERAL ARTS-BASED COLLEGE EDUCATION; REINFORCING THE IMPORTANCE of HIGHER EDUCATION WITH POLICYMAKERS, OPINION LEADERS, PARTNERS and GENERAL PUBLIC; RAISING AWARENESS ABOUT THE ESSENTIAL ROLE OUR COLLEGES PLAY IN OFFERING STUDENTS QUALITY, DIVERSE HIGHER EDUCATION OPTIONS AND; FORGING BUSINESS PARTNERSHIPS and RAISING CHARITABLE GIFTS FROM CORPORATIONS and FOUNDATIONS IN SUPPORT of STUDENT SCHOLARSHIPS and MEMBER CAMPUSES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders37 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

83.58%of revenue went to mission work84.0% of expenses · Program services

2.50%of revenue went to fundraising2.5% of expenses

$99.45spent for every $100 of revenueRevenue covered expenses this year.

13.37%of revenue went to management and office costs13.4% of expenses

$1.53in assets for every $1 spent this yearSome assets cannot be spent right away.

91.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $381,718 for TERRI STANDISH-KUON (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,873,827

Mission workProgram services$2,402,03283.58% of revenue84.0% of expenses

ManagementOffice and general costs$384,14313.37% of revenue13.4% of expenses

FundraisingAsking for donations$71,9162.50% of revenue2.5% of expenses

Revenue left after expensesReported annual surplus$15,7360.55% of revenueShown in gray on the chart

Total expenses$2,858,09199.45% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 84.0% mission · 13.4% management · 2.5% fundraisingTotal expenses: 99.45% of revenue

2023Expense mix: 84.3% mission · 13.7% management · 2.0% fundraisingTotal expenses: 104.17% of revenue

2022Expense mix: 80.6% mission · 17.8% management · 1.6% fundraisingTotal expenses: 111.52% of revenue

2021Expense mix: 79.0% mission · 18.1% management · 2.9% fundraisingTotal expenses: 75.61% of revenue

2020Expense mix: 82.6% mission · 16.2% management · 1.2% fundraisingTotal expenses: 109.63% of revenue

2019Expense mix: 82.8% mission · 15.6% management · 1.6% fundraisingTotal expenses: 73.92% of revenue

2018Expense mix: 83.4% mission · 14.0% management · 2.5% fundraisingTotal expenses: 106.65% of revenue

2017Expense mix: 77.5% mission · 19.7% management · 2.8% fundraisingTotal expenses: 87.57% of revenue

Money in and money out

Revenue$2,873,827

Expenses$2,858,091

Annual surplus $15,736 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,402,032 · 84.0% of expenses

Management and office costs$384,143 · 13.4% of expenses

Fundraising$71,916 · 2.5% of expenses

See all reported dollar amounts

Revenue$2,873,827

Expenses$2,858,091

Assets$4,366,897

Income$2,873,827

Contributions$2,629,999

Mission work (program services)$2,402,032

Fundraising$71,916

Grants given$5,620,841

Average grant$79,167

Management and general$384,143

Stocks and bonds$1,121,398

Accounting fees$18,500

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

TERRI STANDISH-KUONPRESIDENT & CEO · 40 hrs/week $381,718Base $339,332 · Other $42,386

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (37)

TERRI STANDISH-KUONPRESIDENT & CEO

SCOTT FRIEDMANDIRECTOR

JOELLE SKAGA NAUSINDIRECTOR

KENNETH J GOODCHILDEMERITUS

KRISTOFER JOHNSONDIRECTOR

PARKER PHENDDIRECTOR

PAT CALLANSDIRECTOR

RANDY TINSETHDIRECTOR

RICHARD E BANGERT IIEMERITUS

SANDY ZIMMERMANNDIRECTOR

SARAH BOLTONDIRECTOR

JIM YEARBYDIRECTOR

SCOTT MCQUILKINDIRECTOR

STEFAN AGYEMANGDIRECTOR

STEVE SMITHDIRECTOR

SUSANA REYESDIRECTOR

THAYNE M MCCULLOHPAST CHAIR

TOM THOENDIRECTOR

WILLIAM BROWNSBERGERDIRECTOR

DIANE MARIE TIMBERLAKEDIRECTOR

AMY ANDERSONDIRECTOR

ANDREW PRATHERSECRETARY-TREASURER

ANDREW C SUNDDIRECTOR

BEN SMALLDIRECTOR

BERNADINE GRIFFINDIRECTOR

CAROLYN KELLYVICE CHAIR

CHRIS BUFUMODIRECTOR

DEANA PORTERFIELDDIRECTOR

ALLAN BELTONDIRECTOR

EDUARDO M PENALVERDIRECTOR

GEORGE KAAIDIRECTOR

GEORGE PARKERDIRECTOR

GORDON CLARKDIRECTOR

ISIAAH CRAWFORDCHAIR

JASON THACKSTONDIRECTOR

JENNIFER DIVINEDIRECTOR

JILL MACKIEDIRECTOR

About this charity

Recognized since: January 1986
Location: 600 STEWART ST STE 600, SEATTLE, WA 98101-1268
County: King
In care of: THERESA A STANDISH-KUON
Primary officer: THERESA A STANDISH-KUON, PRESIDENT/CEO

How to reach them

WebsiteVisit the charity’s website Phone(206) 623-4494

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: GREENWOOD OHLUND PS
NTEE classification: Higher Education (B40)
IRS tax category: Higher Education
Grant-giving organization: Yes