Salinas Public Facilities Inc
- Assets
- $58.5m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 03/2017
- Data as of
- 06/2022
- 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
2022
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 |
|---|---|---|---|
John Finke President | OfficerTrustee | 10 | $0 |
Erin Birkenkopf Vp, Secretary, Treasurer | OfficerTrustee | 10 | $0 |
Matt Calcavecchia Vice President | OfficerTrustee | 10 | $0 |
Matt Pressey Director (thru 9/21) | Trustee | 0.5 | $0 |
Mark Roberts Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kidder Matthews Of California Property Management/engineering | 6/29/22 | $211,921 |
Strategic Building Services Inc Janitorial | 6/29/22 | $146,981 |
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 | $2,294,817 |
| Investment income | $673 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $669,282 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,964,772 |
| 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 | $121,721 |
| Fees for services: Legal | $2,998 |
| Fees for services: Accounting | $29,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,109 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $491,451 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,996,752 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $291,238 |
| All other expenses | $0 |
| Total functional expenses | $2,946,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,467 |
| Savings and temporary cash investments | $687,389 |
| 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 | $160,979 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,298,457 |
| Total assets | $58,513,292 |
| Accounts payable and accrued expenses | $246,420 |
| Grants payable | $0 |
| Deferred revenue | $110,541 |
| Tax-exempt bond liabilities | $53,200,957 |
| 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 | $775,305 |
| Total liabilities | $54,333,223 |
| Net assets without donor restrictions | $3,492,680 |
| Net assets with donor restrictions | $687,389 |
| 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 | $58,513,292 |