FoundationONE
FoundationONE
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About this organization
Mission
Awarding scholarships to qualified Upper Columbia Academy students year after year by developing partnerships with individuals, families and groups who desire to invest lasting financial support.
About
We are a passionate group of people engaged in an exciting mission—impacting the world through transformational education at Upper Columbia Academy. Our product is clear thinking, compassionate, authentic young leaders. FoundationONE (formerly UCA Foundation) was incorporated in 2004 as a 501(c)3 charitable organization to raise, prudently manage and steward an Endowment Fund. According to the Bylaws, the sole purpose of the Endowment is to award grants and scholarships to qualified young people, making it possible for them to engage in UCA’s life-transforming education. As of January 31, 2023 the FoundationONE Endowment Fund has $6.27 million in assets. The cost of providing a private education is significant and it continues to climb. Therefore the Foundation is positioning itself for continuous growth. As president Mindy Weber says, “Continuing to grow is paramount to our mission. Our 2-3 year goal is to reach $10 million, and then the next goal will be to double that amount. Ultimately our goal is to grow the Endowment to the point that the School and Upper Columbia Conference can count on the Foundation to fulfill all the scholarship and grant needs of motivated students who wish to attend UCA.” Since its inception in 2004, FoundationONE has awarded more than $1.9 million to UCA students.
Interesting data from their 2020 990 filing
From their filing, the objective of the non-profit is stated as “To raise and manage funds to provide student scholarships and tuition grants for students attending upper columbia academy.”.
When talking about its functions, they were outlined as: “To raise and manage funds to provide student scholarships and tuition grants for students attending upper columbia academy.”.
- The legally reported state of operation for the non-profit is WA.
- According to the filing, the non-profit's address in 2020 is 20924 E Wabash Ave, Otis Orchards, WA, 99027.
- The non-profit organization as of 2020 has a total of 2 employees reported on their form.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is $137,649.
- The CEO's compensation within the organization is not based on a review and approval by an independent party.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 11 independent voting members.
- The organization was formed in 2004.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule O.
- The organization pays $57,252 in salary, compensation, and benefits to its employees.
- The organization pays $19,082 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has fundraising events.
- The organization has grants to organizations.