EASTERN WASHINGTON UNIVERSITY FOUNDATION Charity Report

Public IRS 990 nonprofit record

EASTERN WASHINGTON UNIVERSITY FOUNDATION

EIN 91-1019819 · Education (B43I)

What they do

The Eastern Washington University Foundation, A Non-profit Corporation, Was Established In 1977 Under Washington Law to Identify, Promote, Receive, and Manage All Private Gifts From Individuals, Corporations, Foundations, and Associations to Eastern Washington University. The Foundation is The Catalyst and Conduit Through Which Gifts and Endowment Income Flow to Provide Immediate and Long-term Support for The University and Its Programs. Thus, The Foundation is A Tool Through Which Private Support is Raised and Managed for The Sole Benefit of EWU.Overseen By A Board of Directors and Staffed By A Professional Development Team Who Are University Employees, The Foundation Administers All Gifts In A Business-like Manner In Accordance With The Donors Wishes. When Gifts Are Received By EWU Colleges or Operating Units, They Are Forwarded for Gift Processing and Official Acceptance and Acknowledgement By The Foundation.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.90 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 leaders23 people are listed in the latest report.

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

Money made simple

24.58%of revenue went to mission work76.9% of expenses · Program services

1.89%of revenue went to fundraising5.9% of expenses

$31.95spent for every $100 of revenueRevenue covered expenses this year.

5.48%of revenue went to management and office costs17.2% of expenses

$13.60in assets for every $1 spent this yearSome assets cannot be spent right away.

68.1%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 $291,421 for BARB RICHEY (EXECUTIVE DIRECTOR). 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$16,877,562

Mission workProgram services$4,149,33324.58% of revenue76.9% of expenses

ManagementOffice and general costs$925,1805.48% of revenue17.2% of expenses

FundraisingAsking for donations$318,1911.89% of revenue5.9% of expenses

Revenue left after expensesReported annual surplus$11,484,85868.05% of revenueShown in gray on the chart

Total expenses$5,392,70431.95% 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: 76.9% mission · 17.2% management · 5.9% fundraisingTotal expenses: 31.95% of revenue

2023Expense mix: 79.1% mission · 17.4% management · 3.5% fundraisingTotal expenses: 64.35% of revenue

2022Expense mix: 82.8% mission · 11.6% management · 5.6% fundraisingTotal expenses: 74.07% of revenue

2021Expense mix: 70.5% mission · 21.6% management · 7.9% fundraisingTotal expenses: 54.37% of revenue

2020Expense mix: 81.8% mission · 12.9% management · 5.3% fundraisingTotal expenses: 30.58% of revenue

2019Expense mix: 81.0% mission · 10.6% management · 8.4% fundraisingTotal expenses: 39.70% of revenue

2018Expense mix: 88.7% mission · 9.9% management · 1.4% fundraisingTotal expenses: 87.43% of revenue

2017Expense mix: 80.5% mission · 18.8% management · 0.7% fundraisingTotal expenses: 72.78% of revenue

Money in and money out

Revenue$16,877,562

Expenses$5,392,704

Annual surplus $11,484,858 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)$4,149,333 · 76.9% of expenses

Management and office costs$925,180 · 17.2% of expenses

Fundraising$318,191 · 5.9% of expenses

See all reported dollar amounts

Revenue$16,877,562

Expenses$5,392,704

Assets$73,319,814

Income$17,123,103

Contributions$11,485,542

Mission work (program services)$4,149,333

Fundraising$318,191

Grants given$26,540,784

Average grant$2,211,732

Management and general$925,180

Stocks and bonds$47,579,804

Accounting fees$22,575

Investing fees$187,887

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

BARB RICHEYEXECUTIVE DIRECTOR · 40 hrs/week $291,421Base $251,275 · Other $40,146

LAURA THAYERAVP PHILANTHROPY · 40 hrs/week $159,607Base $133,293 · Other $26,314

JOHN DREXELCHIEF BUDGET OFFICER · 40 hrs/week $130,985Base $107,119 · Other $23,866

ERIC LIMBURGAVP COMMUNICATIONS · 40 hrs/week $129,281Base $108,313 · Other $20,968

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 (23)

BARB RICHEYEXECUTIVE DIRECTOR

LAURA THAYERAVP PHILANTHROPY

JOHN DREXELCHIEF BUDGET OFFICER

ERIC LIMBURGAVP COMMUNICATIONS

WENDY REPOVICHRETIREES ASSOCIATION REPRESENTATIVE

ASHTON MCKEANASEWU PRESIDENT REPRESENTATIVE

VIN VUDIRECTOR

VICKI WILSONEWU BOT REPRESENTATIVE

TAMMIE WALKERDIRECTOR

STU STEINERDIRECTOR

STACY RASMUSSENDIRECTOR

SEAN HOAGLANDTREASURER

RICHARD MOUNTDIRECTOR

RICHARD MARLLSECRETARY

NATE PETERSALUMNI ASSOCIATE REPRESENTATIVE

KAREN WEISVICE-CHAIR

JEFF STANNARDCHAIR

JAY KIRKPATRICKDIRECTOR

DAVID COPLEYDIRECTOR

CURTIS GRIFFINDIRECTOR

CRAIG SANDERSDIRECTOR

CLAUDETTE KENMIRDIRECTOR

BRETT WRIGHTDIRECTOR

About this charity

Recognized since: January 1978
Location: 102 Hargreaves Hall, Cheney, WA 99004
County: Spokane
In care of: Laura Thayer
Primary officer: Laura Thayer, Interim Executive Director

How to reach them

WebsiteVisit the charity’s website Phone(509) 359-6890

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: EIDE BAILLY LLP
NTEE classification: Education (B43I)
Grant-giving organization: Yes