Seattle Milk Fund
- Assets
- $2.3m
- Revenue
- $364.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Seattle, WA
- Founding
- 05/1938
- Data as of
- 06/2022
- EIN
- 91-0619698
Organization Overview
Seattle Milk Fund, operating under the name Goodwin Connections, is located in Seattle, WA. The organization was established in 1938. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Goodwin Connections employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwin Connections 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 06/2022, Goodwin Connections generated $364.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $898.6k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING FAMILIES TO EDUCATIONAL OPPORTUNITIES THAT BUILD FINANCIAL STABILITY AND CREATE GENERATIONAL CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOODWIN'S FAMILY CONNECTIONS PROGRAM IS CENTERED AROUND THE NEEDS OF PARENTS AS THEY WORK TOWARD THEIR COLLEGE DEGREES AND LAUNCH THEIR CAREERS. THE EXTREMELY HIGH COST OF CHILDCARE IS ONE OF THE LARGEST BARRIERS TO COMPLETING A DEGREE FOR STUDENTS WHO ARE PARENTING. WHEN PARENTS ENTER OUR PROGRAM, THEY ACCESS MORE AFFORDABLE AND CONSISTENT CHILDCARE WHICH MEANS THEIR CHILDREN CAN HAVE AN EARLY LEARNING EXPERIENCE THAT PREPARES THEM FOR KINDERGARTEN AND BEYOND. OUR PROGRAM'S TWO-GENERATION APPROACH IS A "WIN WIN" FOR FAMILIES.
IN 2021-22, GOODWIN CONNECTIONS SUPPORTED 75 PARENTS, 108 CHILDREN, AND 244 FAMILY MEMBERS, ON AVERAGE, EACH ACADEMIC QUARTER. OUR FAMILY CONNECTIONS PROGRAM HELPED COVER 80% OF PARENTS' OUT-OF-POCKET CHILDCARE COSTS WHILE THEY ATTENDED COLLEGE. THEY ALSO RECEIVED ACCESS TO BASIC NEEDS SUPPORT, AND CAREER DEVELOPMENT OPPORTUNITIES THROUGHOUT THE YEAR. WHILE IN OUR PROGRAM, STUDENT PARENTS AVERAGE A 96% QUARTERLY COMPLETION RATE AND A 3.67 QUARTERLY GPA. 73% OF OUR STUDENT PARENTS ARE FIRST-GENERATION COLLEGE STUDENTS, 60% IDENTIFY AS BLACK, INDIGENOUS, OR PEOPLE OF COLOR, AND 37 HAVE EXPERIENCED LIFE AS AN IMMIGRANT OR REFUGEE. WHILE IN SCHOOL, 60% OF OUR STUDENTS ARE PURSUING DEGREES IN A STEM FIELD, WITH A MAJORITY OF THESE STUDENTS GOING INTO A HEALTH CARE PROFESSION AFTER GRADUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maggie Skinner Executive Director | Officer | 40 | $89,500 |
Sonja Banks Operations Director | Officer | 30 | $54,335 |
Yvonne Muench Vice President | OfficerTrustee | 5 | $0 |
Terry Dessert President | OfficerTrustee | 10 | $0 |
Brooke Van Eyk Secretary | OfficerTrustee | 3 | $0 |
Carolyn Banks Treasurer/president | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $50,214 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $222,819 |
| Noncash contributions included in lines 1a–1f | $22,934 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,033 |
| Total Program Service Revenue | $0 |
| Investment income | $106,221 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$18,514 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $364,521 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $394,215 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $143,836 |
| Compensation of current officers, directors, key employees. | $45,939 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,420 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,133 |
| 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 | $350 |
| Fees for services: Other | $43,726 |
| Advertising and promotion | $0 |
| Office expenses | $52,993 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,017 |
| Travel | $2,674 |
| 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 | $3,940 |
| All other expenses | $26,257 |
| Total functional expenses | $898,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,661 |
| Savings and temporary cash investments | $99,725 |
| Pledges and grants receivable | $10,000 |
| 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 | $10,859 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,121,970 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,299,215 |
| Accounts payable and accrued expenses | $23,107 |
| 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 | $23,107 |
| Net assets without donor restrictions | $2,276,108 |
| 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 | $2,299,215 |
Grants Awarded
Over the last fiscal year, Seattle Milk Fund has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TINY TREES PURPOSE: 2:1 MATCH NEED-BASED PRESCHOOL TUITION ASSISTANCE FOR PARENTS IN COLLEGE | $15,000 |
Seattle, WA PURPOSE: INCREASE NUMBER OF TRAINED KALEIDOSCOPE E-PLAY AND LEARN FACILITATORS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Seattle Milk Fund has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Kawabe Memorial Fund Aka Harry S Kawabe Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $3,000 |
Endowment Analysis
| Beg. Balance | $2,995,184 |
| Earnings | -$418,173 |
| Other Expense | $455,041 |
| Ending Balance | $2,121,970 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Community Reinvestment Association Seattle, WA | $122,749,409 | $6,470,844 |
Warm Beach Christian Camps & Conference Center Stanwood, WA | $27,633,897 | $12,017,895 |
Port Susan Camping Club Tulalip, WA | $12,009,697 | $4,858,699 |
Camp Solomon Schechter Inc Seattle, WA | $12,155,325 | $3,785,319 |
Carnation Farms Carnation, WA | $13,557,149 | $3,707,378 |
Outdoors For All Foundation Seattle, WA | $7,939,742 | $3,908,489 |
Four Winds Inc Deer Harbor, WA | $8,054,763 | $2,896,626 |
Sambica Bellevue, WA | $5,189,303 | $3,453,970 |
Lutherhaven Ministries Inc Coeur D Alene, ID | $10,319,885 | $4,390,375 |
Henderson-Norwester Camp Edmonds, WA | $14,019,666 | $2,061,036 |
Cascades Camp And Conference Center Yelm, WA | $9,667,570 | $2,250,425 |
Whatcom Meadows Camping Association Sedro Woolley, WA | $4,684,769 | $1,132,087 |