Pike Place Market Qb3
- Assets
- $24.2m
- Revenue
- $416.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 01/2016
- Data as of
- 12/2021
- EIN
- 81-1190481
Organization Overview
Pike Place Market Qb3 is located in Seattle, WA. The organization was established in 2016. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pike Place Market Qb3 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, Pike Place Market Qb3 generated $416.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (46.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. 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
PIKE PLACE MARKET QB3 IS A WASHINGTON STATE NONPROFIT CORPORATION FORMED IN 2016 TO OBTAIN FUNDS UNDER THE NMTC PROGRAM, CONTINUED ON SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCING ACTIVITY
OPERATING ACTIVITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Ishii Governor | OfficerTrustee | 1 | $0 |
Devin Mccomb Governor | OfficerTrustee | 1 | $0 |
Jj Mckay Governor | OfficerTrustee | 1 | $0 |
Erica Bates Director | Officer | 1 | $0 |
Mary Bacarella Executive Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $416,438 |
| Investment income | $6 |
| 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 | $416,444 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,980 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $199,207 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $114,134 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $433,342 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,078,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,262 |
| Savings and temporary cash investments | $81,807 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $8,814,895 |
| Net Land, buildings, and equipment | $15,051,487 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $263,823 |
| Other assets | $0 |
| Total assets | $24,213,274 |
| Accounts payable and accrued expenses | $3,411 |
| 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 | $10,250,000 |
| Other liabilities | $0 |
| Total liabilities | $10,253,411 |
| Net assets without donor restrictions | $13,959,863 |
| 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 | $24,213,274 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pike Place Market Qb3 Seattle, WA | $24,213,274 | $416,444 |
John And Ginger Niemeyer Foundation Portland, OR | $159,857 | $300,866 |
Kalispel Support Usk, WA | $12,148,481 | $130,000 |
Centralia Community Foundation Centralia, WA | $453,489 | $314,003 |
Northwest Landing Commercial Owners Association DuPont, WA | $348,417 | $225,571 |
This Mission Spokane, WA | $862,990 | $182,488 |
Kings Valley Community Trust Philomath, OR | $1,054,023 | $95,079 |
Southwest Neighborhoods Inc Portland, OR | $72,790 | $0 |
City Of Kennewick Foundation Kennewick, WA | $6,080,000 | $0 |