Seattle Science Foundation
- Assets
- $3.8m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 11
- Location
- Seattle, WA
- Founding
- 04/2007
- Data as of
- 12/2021
- EIN
- 61-1502822
Organization Overview
Seattle Science Foundation is located in Seattle, WA. The organization was established in 2007. According to its NTEE Classification (H05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Medical Research and related organizations. As of 12/2021, Seattle Science Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle Science Foundation 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 12/2021, Seattle Science Foundation generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEDICAL EDUCATION, RESEARCH, INNOVATION AND TECHNOLOGY BASED IN SEATTLE, WASHINGTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OAT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE PURSUE INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND MAKING OUR SERVICES MORE CONVENIENT, ACCESSIBLE AND AFFORDABLE FOR ALL. IN AN INCREASINGLY UNCERTAIN WORLD, WE ARE COMMITTED TO HIGH-QUALITY, COMPASSIONATE CARE FOR EVERYONE - REGARDLESS OF COVERAGE OR ABILITY TO PAY. WE HELP PEOPLE AND COMMUNITIES BENEFIT FROM THE BEST HEALTH CARE MODEL FOR THE FUTURE - TODAY.TOGETHER, OUR 120,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 52 HOSPITALS, 1,085 CLINICS AND A COMPREHENSIVE RANGE OF SERVICES ACROSS ALASKA, CALIFORNIA, MONTANA, NEW MEXICO, OREGON, TEXAS AND WASHINGTON.THE SEATTLE SCIENCE FOUNDATION IS ADVANCING THE QUALITY OF PATIENT CARE THROUGH EDUCATION, RESEARCH, INNOVATION AND TECHNOLOGY. THROUGH OUR INTERNATIONAL COMMUNICATION PLATFORM WE BRING TOGETHER MEDICAL AND SCIENTIFIC COMMUNITIES FROM AROUND THE WORLD AND PROVIDE ALL OF THE TOOLS NECESSARY FOR PHYSICIANS AND RESEARCHERS TO MAKE GROUNDBREAKING ADVANCEMENTS IN THE FIELD OF MEDICINE.1. EXPANDED OUR REACH FOR FREE, OPEN ACCESS MEDICAL EDUCATION TRAINING VIDEOS FROM 1.9M (2019) TO 62.7M (2020) TO 151.9M (2021).2. ADDED 35.5K NEW SUBSCRIBERS TO THE SEATTLE SCIENCE FOUNDATION'S ONLINE COMMUNICATION PLATFORM.3. SEATTLE SCIENCE FOUNDATION RECEIVED 5.4 MILLION VIEWS AND 403K WATCH TIME HOURS IN 2021 ON SSFTV, THE OFFICIAL YOUTUBE CHANNEL OF THE SEATTLE SCIENCE FOUNDATION.4. SEATTLE SCIENCE FOUNDATION AWARDED CME CREDIT TO 7,671 PHYSICIAN PARTICIPANTS AND 1,445 OTHER LEARNERS IN 2021. 95% OF THOSE CLAIMING CME WERE CLAIMED BY US PARTICIPANTS.5. SUPPORTED 27 CME ACCREDITED AND NON-CME ACCREDITED MEDICAL EDUCATION COURSES AND REGULAR SCHEDULED SERIES IN 2021.6. DEVELOPED BEST PRACTICE FOR THE DELIVERY OF ONLINE MEDICAL EDUCATION COURSES AND REGULAR SCHEDULED SERIES. DONATED OVER 300 TRAINING AND WEBINAR HOSTING HOURS TO SUPPORT LOCAL MEDICAL SOCIETIES, UNIVERSITIES AND HOSPITALS.7. CREATED AND DISTRIBUTEED 725 OPEN ACCESS MEDICAL EDUCATION VIDEOS.8. BROADCASTED OUR MEDICAL EDUCATION COURSES LIVE ON SOCIAL MEDIA.9. IMPROVED ACCESS TO UP TO DATE MEDICAL INFORMATION USING FACEBOOK.10. CONTINUED THE EXPANSION OF OUR NETWORK, PROVIDING MEDICAL EDUCATION AND RESEARCH SUPPORT AROUND THE WORLD. IN 2021, 73% OF OUR ONLINE VIEWERS WERE FROM OUTSIDE THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexis Takasumi-West Chief Operating Officer | Officer | 55 | $275,000 |
Linda Sahlin Director - Education | 50 | $129,187 | |
Gary Holley Lab Manager | 50 | $105,000 | |
Rod Oskouian MD Board President And CEO | OfficerTrustee | 1 | $0 |
Greg Hoffman President (part Year) | Officer | 0.5 | $0 |
Jo Ann Escasa-Haigh Evp/assistant Treasurer | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $241,085 |
| Government grants | $127,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,174,042 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,542,927 |
| Total Program Service Revenue | $1,145,382 |
| Investment income | $312 |
| 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 | $2,724,723 |
| 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. | $289,528 |
| Compensation of current officers, directors, key employees. | $133,183 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $466,447 |
| Pension plan accruals and contributions | $6,708 |
| Other employee benefits | $34,459 |
| Payroll taxes | $58,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,633 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $156,860 |
| Advertising and promotion | $15,973 |
| Office expenses | $15,185 |
| Information technology | $95,022 |
| Royalties | $0 |
| Occupancy | $1,093,811 |
| Travel | $32,880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,876 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,558 |
| Insurance | $0 |
| All other expenses | $38,928 |
| Total functional expenses | $2,900,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,066,085 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $380,892 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,701 |
| Prepaid expenses and deferred charges | $61,729 |
| Net Land, buildings, and equipment | $285,103 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,795,510 |
| Accounts payable and accrued expenses | -$11,309 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | -$11,309 |
| Net assets without donor restrictions | $2,706,960 |
| Net assets with donor restrictions | $1,099,859 |
| 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 | $3,795,510 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Seattle Science Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: RICARDO LOCKETTE SPINAL CORD INJURY RESEARCH PROJECT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Young Living Foundation Lehi, UT | $9,856,727 | $9,672,215 |
Sanford Consortium For Regenerative Medicine La Jolla, CA | $91,137,571 | $8,267,717 |
Sansum Diabetes Research Institute Santa Barbara, CA | $20,925,060 | $11,475,472 |
Loma Linda Veterans Association For Research And Education San Bernardino, CA | $6,134,235 | $4,191,215 |
Clayton Medical Research Foundation Inc Carson City, NV | $95,559,460 | $3,301,602 |
Seattle Science Foundation Seattle, WA | $3,795,510 | $2,724,723 |