Sequim Athletic Educational Foundation
Nonprofit profile at a glance
- EIN
- 990847508
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2024
- Location
- Sequim, WA, USA
- Phone
- 2532542662
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $59,806
- Expenses
- $39,960
- Assets
- $59,502
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- KEVIN KENNEDY (PRESIDENT)
- RON SATHER (VICE PRESIDENT)
People named in this filing
- KEVIN KENNEDY (PRESIDENT)
- RON SATHER (VICE PRESIDENT)
- KARIN CUMMINS (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The sequim athletic educational foundation exists to raise funds for sequim students and student athletes in the sequim school district. We strive to provide opportunities for current students to learn from alumni and raise funds for sequim students and their athletic department to expand educational opportunities.
What it reported doing in 2025
Our scholarship program celebrates the achievements, character, and potential of sequim high school graduates by helping them take the next step toward their future. Funded through the sequim hall of fame and the generosity of community supporters, these annual scholarships recognize students who demonstrate academic commitment, leadership, service, perseverance, and involvement in athletics, vocational pursuits, or extracurricular activities. Each year, selected recipients are awarded financial support to pursue higher education, carrying forward the legacy of influential community members whose lives and values continue to inspire the next generation.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 95% of its reported program spending out as grants.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 100
- Sustainability: 70
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.3%; rating input score 65
- Program expense ratio: 97.8%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 33.2%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 1.49; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 65.3% of revenue deployed · 97.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $39K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.