Central Area Collaborative
- Assets
- $122.9k
- Revenue
- $348.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 83-1392414
Organization Overview
Central Area Collaborative is located in Seattle, WA. The organization was established in 2019. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, 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. Central Area Collaborative 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 12/2023, Central Area Collaborative generated $348.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $382.7k during the year ending 12/2023. While expenses have increased by 26.3% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENSURE THE COMMERCIAL VITALITY OF THE CENTRAL AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ONLY IN SEATTLE INITIATIVE TO SUPPORT COMMUNITY DRIVEN ECONOMIC DEVELOPMENT PROJECTS WITH A FOCUS ON RACIAL EQUITY AND SOCIAL JUSTICE. NEIGHBORHOOD-BASED NONPROFIT ORGANIZATIONS WHO SUPPORT LOCAL SMALL BUSINESSES AND COMMUNITIES CAN APPLY FOR GRANTS UP TO $200,000 TO FUND PROJECTS THAT HELP BUILD COMMUNITY PARTNERSHIPS, PROVIDE RESOURCES TO LOCAL BUSINESSES AND STRENGTHEN NEIGHBORHOODS THROUGHOUT SEATTLE. THE OIS INITIATIVE WORKS TO BUILD AN EQUITABLE AND VIBRANT CITY BY INVESTING IN NEIGHBORHOOD BUSINESS DISTRICTS THAT ARE CENTERS OF LOCAL COMMERCE, COMMUNITY AND CULTURE. THE OIS INITIATIVE SUPPORTS ACTIVITIES SUCH AS: ORGANIZING CREATING AND STRENGTHENING NONPROFIT ORGANIZATIONS THAT CAN COLLABORATE AND WORK ON NEIGHBORHOOD BASED ECONOMIC DEVELOPMENT ACTION PLANS MARKETING AND EVENTS MARKETING STRATEGIES AND EVENTS THAT BRING CUSTOMERS TO BUSINESS DISTRICTS AND CREATE A POSITIVE, CONSISTENT IMAGE OF NEIGHBORHOODS. CONTINUED ON SCHEDULE O...
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Comer Executive Director | OfficerTrustee | 20 | $103,916 |
Leon Garnett Governor | OfficerTrustee | 2 | $0 |
Heyward Watson Governor | OfficerTrustee | 3 | $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 | $347,988 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $347,988 |
| Total Program Service Revenue | $0 |
| Investment income | $144 |
| 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 | $348,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $44,572 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,916 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $185,929 |
| Advertising and promotion | $6,459 |
| Office expenses | $3,202 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,394 |
| Travel | $577 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $751 |
| All other expenses | $0 |
| Total functional expenses | $382,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,549 |
| Savings and temporary cash investments | $83,325 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $122,874 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $122,874 |
| 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 | $122,874 |