Salinas Public Facilities Inc
- Assets
- $71.1m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 03/2017
- Data as of
- 06/2021
- EIN
- 81-2653753
Organization Overview
Salinas Public Facilities Inc is located in Seattle, WA. The organization was established in 2017. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, 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. Salinas Public Facilities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST IN THE ERECTION AND MAINTENANCE OF PUBLIC BUILDINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNDERTAKING CERTAIN ACTIVITIES IN CONNECTION WITH THE FINANCING, CONSTRUCTION AND OPERATION OF A NEW PUBLIC SAFETY BUILDING, AND A NEW PUBLIC LIBRARY BUILDING TO SUPPORT THE CITY OF SALINAS, CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Birkenkopf Vp, Secretary, Treasurer | OfficerTrustee | 10 | $0 |
John Finke President | OfficerTrustee | 10 | $0 |
Matt Calcavecchia Vice President | OfficerTrustee | 10 | $0 |
Matt Pressey Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Swinerton Builders General Contractor | 6/29/21 | $17,568,125 |
Griffin Swinterton Real Estate Developer | 6/29/21 | $439,842 |
Kidder Matthews Of California Property Manager | 6/29/21 | $224,574 |
Lpa Inc Architect | 6/29/21 | $261,532 |
Anderson Brule Architects Architect | 6/29/21 | $159,127 |
View All Vendors
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 | $6,357,189 |
| Investment income | $605 |
| 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 | $6,357,794 |
| 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 | $75,075 |
| Fees for services: Legal | $5,446 |
| Fees for services: Accounting | $30,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,971 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $477,282 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,329,545 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,632,375 |
| Insurance | $248,655 |
| All other expenses | $0 |
| Total functional expenses | $4,862,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,140 |
| Savings and temporary cash investments | $843,126 |
| 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 | $138,638 |
| Net Land, buildings, and equipment | $69,774,477 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $71,107,381 |
| Accounts payable and accrued expenses | $242,158 |
| Grants payable | $0 |
| Deferred revenue | $167,027 |
| Tax-exempt bond liabilities | $64,807,176 |
| 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 | $125,838 |
| Total liabilities | $65,342,199 |
| Net assets without donor restrictions | $81,084 |
| Net assets with donor restrictions | $5,684,098 |
| 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 | $71,107,381 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Los Angeles County Facilities Inc Seattle, WA | $331,229,816 | $2,374,055 |
Salinas Public Facilities Inc Seattle, WA | $71,107,381 | $6,357,794 |
2301 W San Bernardino Ave Investment Group Inc Juneau, AK | $212,924,391 | $5,545,083 |
Tlo Tx3 Investments Llc Anchorage, AK | $26,739,211 | $3,240,047 |
Reef Plaza Del Lago Inc Seattle, WA | $38,306,413 | $3,176,693 |
Boise Regional Realtors Inc Boise, ID | $4,503,987 | $2,800,698 |
Reef Imperial Rose Inc Seattle, WA | $18,470,445 | $2,246,970 |
Tlo Tx2 Investments Llc Anchorage, AK | $15,191,007 | $1,236,464 |
Eta Beta Corporation Seattle, WA | $3,168,990 | $836,487 |
1111 Israel Road Llc Anchorage, AK | $15,929,928 | $1,612,047 |
4875 Hunter Avenue Investment Group Inc Juneau, AK | $78,912,248 | $3,064,416 |
Reef Barnes Canyon Inc Seattle, WA | $11,204,390 | $1,455,074 |