University District Service Fund
- Assets
- $1.1m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Seattle, WA
- Founding
- 03/2004
- Data as of
- 06/2023
- EIN
- 46-0468145
Organization Overview
University District Service Fund is located in Seattle, WA. The organization was established in 2004. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, University District Service Fund employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University District Service Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, University District Service Fund generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 43.8% each year . All expenses for the organization totaled $4.4m during the year ending 06/2023. While expenses have increased by 38.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT, NEIGHBORHOOD REVITALIZATION, AND LIVABIITY IN THE SEATTLE UNIVERSITY DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT, NEIGHBORHOOD REVITALIZATION, AND LIVABIITY IN THE SEATTLE UNIVERSITY DISTRICT. PROGRAMS INCLUDE CLEANING, PUBLIC SAFETY, URBAN DESIGN AND EVENTS AND MARKETING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Blakeney Executive Director | Officer | 40 | $168,999 |
Lois Ko Co-Chair | OfficerTrustee | 2 | $0 |
Rob Lubin Co-Chair | OfficerTrustee | 2 | $0 |
Trevor Peterson Treasurer | OfficerTrustee | 2 | $0 |
Aaron Hoard Secretary | OfficerTrustee | 2 | $0 |
Stephen Antupit Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,498,068 |
| All other contributions, gifts, grants, and similar amounts not included above | $269,684 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,767,752 |
| Total Program Service Revenue | $1,576,472 |
| Investment income | $123 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,344,347 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $168,979 |
| Compensation of current officers, directors, key employees. | $33,780 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $563,892 |
| Pension plan accruals and contributions | $18,049 |
| Other employee benefits | $39,693 |
| Payroll taxes | $60,770 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,305 |
| Fees for services: Accounting | $46,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $24,712 |
| Information technology | $17,020 |
| Royalties | $0 |
| Occupancy | $66,302 |
| Travel | $7,659 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,397 |
| All other expenses | $9,843 |
| Total functional expenses | $4,358,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $644,482 |
| Savings and temporary cash investments | $160,075 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $212,087 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $102,347 |
| Net Land, buildings, and equipment | $11,013 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,130,004 |
| Accounts payable and accrued expenses | $236,487 |
| Grants payable | $0 |
| Deferred revenue | $658,832 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $895,319 |
| Net assets without donor restrictions | $234,685 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,130,004 |