Weld Seattle
- Assets
- $1.5m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 11/2017
- Data as of
- 12/2022
- EIN
- 81-3922645
Organization Overview
Weld Seattle is located in Seattle, WA. The organization was established in 2017. According to its NTEE Classification (I19) the organization is classified as: Support N.E.C., under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weld Seattle 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 12/2022, Weld Seattle generated $4.5m in total revenue. All expenses for the organization totaled $3.6m during the year ending 12/2022. While expenses have increased by 82.0% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING - WELD COLLABORATES WITH HOMEOWNERS AND DEVELOPMENT COMPANIES IN THE GREATER SEATTLE AREA TO UTILIZE AND CARE FOR PROPERTIES THAT ARE NOT OCCUPIED TO HOUSE WELD MEMBERS. WELD MEMBERS ARE REQUIRED TO PAY A SMALL MEMBERSHIP FEE TO PARTICIPATE IN THE PROGRAM AND WELD FULL TIME STAFF MONITORS THE HOUSES AND MEMBERS TO ENSURE SAFETY AND COMPLIANCE. THIS PROGRAM GREATLY SERVES OUR MEMBERS AND COMMUNITY BY HOUSING INDIVIDUALS WHO OTHERWISE WOULD STRUGGLE OR BE UNABLE TO FIND A PLACE TO LIVE. IN 2022 WE SERVED 229 MEMBERS IN OUR HOUSING PROGRAM, SERVED BY OUR FULL TIME HOUSING STAFF OF 4 INDIVIDUALS.
WELD WORKS - WELD WORKS IS OUR EMPLOYMENT DIVISION OF THE ORGANIZATION. WORKS PARTNERS WITH DIFFERENT COMMUNITY PARTNERS THROUGHOUT THE GREATER SEATTLE AREA WHO NEED WORKERS AT THEIR COMPANIES. WHEN WE HAVE WELD MEMBERS WHO ARE SEEKING EMPLOYMENT WE PAIR THEM WITH THE COMMUNITY PARTNERS, IN THE HOPES OF FINDING OUR MEMBERS EVENTUAL FULL TIME EMPLOYMENT. IN 2022 WE SERVED 193 MEMBERS THROUGH OUR WELD WORKS PROGRAM. THESE MEMBERS WERE SERVED BY OUR FULL TIME WORKS TEAM OF 4 IN 2022 WITH SUPPORT FROM HR AND OUR ACCOUNTING DEPARTMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy King President/tresurer | 4 | $0 | |
Ethan Shurick Board Chair | 3 | $0 | |
Sarah Barton Board Secretary | 1 | $0 | |
Elizabeth Kent Nitze Board Member | 1 | $0 | |
Anthony J Banks Board Member | 1 | $0 | |
Paul N Rucker Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,829,493 |
| Interest on Savings | $222 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,679,067 |
| Total Revenue | $4,508,782 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,397,027 |
| Pension plans, employee benefits | $176,229 |
| Interest | $5,996 |
| Taxes | $314,165 |
| Depreciation | $0 |
| Occupancy | $371,286 |
| Travel, conferences, and meetings | $23,235 |
| Printing and publications | $7,044 |
| Other expenses | $205,023 |
| Total operating and administrative expenses | $3,642,933 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,642,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $694,402 |
| Savings and temporary cash investments | $528,013 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,696 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $226,978 |
| Total assets | $1,464,089 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $51,144 |
| Total liabilities | $51,144 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Weld Seattle Seattle, WA | $1,464,089 | $4,508,782 |
National Crime Victim Law Institute Portland, OR | $1,922,602 | $1,489,710 |
Law Enforcement Drone Association Eugene, OR | $64,993 | $0 |
Kennewick Police Department Foundation Kennewick, WA | $474,731 | $0 |
Portland Police Reserve Officer S Foundation Inc Portland, OR | $237,232 | $240,562 |
Gentle Lions Den Inc Redmond, OR | $1,006,752 | $0 |