Downtown Seattle Association
- Assets
- $3.0m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Seattle, WA
- Founding
- 12/1959
- Data as of
- 06/2022
- EIN
- 91-0681761
Organization Overview
Downtown Seattle Association is located in Seattle, WA. The organization was established in 1959. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Downtown Seattle Association employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Seattle Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Downtown Seattle Association generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $3.7m 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
CREATE A HEALTHY, VIBRANT DOWNTOWN
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN, IMPROVE AND PROMOTE DOWNTOWN SEATTLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ahmed Zahoor Board Member | Trustee | 0.2 | $0 |
Baccarella Mary Board Member | Trustee | 0.2 | $0 |
Barbieri Mark Board Member | Trustee | 0.2 | $0 |
Blankers Aaron Board Member | Trustee | 0.3 | $0 |
Boss Marilyn Immediate Past Chair | OfficerTrustee | 0.2 | $0 |
Boyd Susan Board Member | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Image Mill Graphic Design | 6/29/21 | $197,087 |
Emc Research Polling | 6/29/21 | $129,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $715,356 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $618,498 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,333,854 |
| Total Program Service Revenue | $2,606,997 |
| Investment income | $95 |
| 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 | $3,940,946 |
| 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. | $475,488 |
| Compensation of current officers, directors, key employees. | $222,528 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,676,724 |
| Pension plan accruals and contributions | $68,557 |
| Other employee benefits | $69,260 |
| Payroll taxes | $158,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,050 |
| Fees for services: Accounting | $29,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $116,299 |
| Advertising and promotion | $42,298 |
| Office expenses | $189,874 |
| Information technology | $69,475 |
| Royalties | $0 |
| Occupancy | $238,890 |
| Travel | $0 |
| 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 | $42,550 |
| Insurance | $29,407 |
| All other expenses | $0 |
| Total functional expenses | $3,654,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $952,583 |
| Savings and temporary cash investments | $1,497,313 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $453,724 |
| 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 | $61,798 |
| Net Land, buildings, and equipment | $62,608 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,028,026 |
| Accounts payable and accrued expenses | $787,752 |
| Grants payable | $0 |
| Deferred revenue | $31,953 |
| 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 | $92,796 |
| Total liabilities | $912,501 |
| Net assets without donor restrictions | $2,115,525 |
| 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 | $3,028,026 |