Treehouse
- Assets
- $32.2m
- Revenue
- $31.2m
- Investments
- $859.3k
- Employees
- 226
- Location
- Seattle, WA
- Founding
- 12/1989
- Data as of
- 06/2023
- EIN
- 91-1425676
Organization Overview
Treehouse is located in Seattle, WA. The organization was established in 1989. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2023, Treehouse employed 226 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Treehouse 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 06/2023, Treehouse generated $31.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $28.5m during the year ending 06/2023. While expenses have increased by 13.6% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CREATE A WORLD WHERE EVERY CHILD HAS THE OPPORTUNITIES AND SUPPORT TO PURSUE THEIR DREAMS.
Describe the Organization's Program Activity:
GRADUATION SUCCESS: GRADUATION SUCCESS PARTNERS WITH HIGH SCHOOL AGED YOUTH IN FOSTER CARE TO ENGAGE AND INVEST IN THEIR EDUCATION AND FUTURE. PARTNERING WITH SOCIAL WORKERS, CAREGIVERS, TEACHERS AND SCHOOL COUNSELORS, TREEHOUSE EDUCATION SPECIALISTS PROVIDE ACADEMIC PLANNING, COACHING AND SUPPORT TO CULTIVATE EACH YOUTH'S ENGAGEMENT AND INVESTMENT IN THEIR EDUCATION AND FUTURE. TREEHOUSE PAVES THE WAY TO HIGH SCHOOL GRADUATION, HOPE AND OPPORTUNITY.
EDUCATIONAL ADVOCACY: SERVING YOUTH BETWEEN THE AGES OF PRE-K THROUGH 12TH GRADE, TREEHOUSE EDUCATIONAL ADVOCATES PARTNER WITH SCHOOLS, SOCIAL WORKERS, FOSTER FAMILIES AND YOUTH IN FOSTER CARE TO RESOLVE DIFFICULT ISSUES AND REMOVE BARRIERS TO SCHOOL SUCCESS.TREEHOUSE STORE & HOLIDAY MAGIC: YOUTH IN FOSTER CARE AND THEIR CAREGIVERS CAN SHOP FOR HIGH-QUALITY CLOTHING, SHOES, SCHOOLS SUPPLIES, TOYS, BOOKS, FREE TICKETS TO EVENTS AND OTHER ESSENTIALS AT THE FREE STORE. HOLIDAY MAGIC IS A JOINT HOLIDAY GIFT PROGRAM FOR CHILDREN INFOSTER CARE BETWEEN THE DEPARTMENT OF CHILDREN, YOUTH AND FAMILIES (DCYF) AND TREEHOUSE. DCYF CONTRACTS WITH TREEHOUSE TO ADMINISTER THE PROGRAM, RAISE COMMUNITY FUNDS AND PROVIDE MORE THAN 4,000 YOUTH ACROSS THE STATE A MEANINGFUL HOLIDAY GIFT.DRIVERS ASSISTANCE: TREEHOUSE REMOVES MANY TRANSPORTATION-RELATED FINANCIAL BURDENS FOR YOUTH IN IN FOSTER CARE, INCLUDING THE COST OF AUTO INSURANCE AND DRIVER'S EDUCATION.
DURING THE 2021 LEGISLATIVE SESSION, THE WASHINGTON STATE LEGISLATURE APPROVED $10.6 MILLION IN STIPENDS FOR YOUTH AGING OUT OF THE DEPARTMENT OF CHILDREN, YOUTH AND FAMILIES (DCYF)'S EXTENDED FOSTER CARE (EFC) PROGRAM. THIS FUNDING HAS ALLOWED DCYF TO PARTNER WITH TREEHOUSE IN PROVIDING THESE PASS-THROUGH FUNDS TO YOUNG PEOPLE AGING OUT OF EFC THROUGH JUNE 2023.
TREEHOUSE PROVIDES FUNDING FOR YOUTH IN FOSTER CARE TO EXPLORE INTERESTS AND ENGAGE IN THEIR COMMUNITIES, REMOVING FINANCIAL BARRIERS TO THEIR PERSONAL GROWTH AND DEVELOPMENT. THROUGH JUST-IN-TIME FUNDING, TREEHOUSE FUNDS OPPORTUNITIES SUCH AS SCHOOL AND ATHLETIC FEES, ARTS AND MUSIC PROGRAMS, SUMMER CAMPS AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharmila Swenson Chair | OfficerTrustee | 4 | $0 |
Shelby Stokoe Treasurer | OfficerTrustee | 2 | $0 |
Andi Smith Secretary | OfficerTrustee | 2 | $0 |
John Holt Past Chair | OfficerTrustee | 4 | $0 |
Jill Ashton Treasurer (thru 6/23) | OfficerTrustee | 2 | $0 |
Amber Busch Secretary (thru 6/23) | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ht & Company Interim Chief Development Officer | 6/29/23 | $166,513 |
Circle Twice It Staffing | 6/29/23 | $132,809 |
Moss Adams Accounting | 6/29/23 | $105,881 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $626,066 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,721,083 |
| Noncash contributions included in lines 1a–1f | $1,377,391 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,347,149 |
| Total Program Service Revenue | $15,649,980 |
| Investment income | $504,685 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$36,076 |
| Net Gain/Loss on Asset Sales | -$16,262 |
| Net Income from Fundraising Events | -$225,263 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,232,628 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,531,866 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,132,764 |
| Compensation of current officers, directors, key employees. | $290,123 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,436,324 |
| Pension plan accruals and contributions | $275,349 |
| Other employee benefits | $1,354,733 |
| Payroll taxes | $1,118,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,175 |
| Fees for services: Accounting | $105,881 |
| Fees for services: Lobbying | $21,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,000 |
| Fees for services: Other | $1,117,829 |
| Advertising and promotion | $102,244 |
| Office expenses | $329,956 |
| Information technology | $550,448 |
| Royalties | $0 |
| Occupancy | $238,310 |
| Travel | $175,839 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,526 |
| Interest | $4,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $300,691 |
| Insurance | $116,845 |
| All other expenses | $0 |
| Total functional expenses | $28,534,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,448,144 |
| Savings and temporary cash investments | $1,420,822 |
| Pledges and grants receivable | $2,176,525 |
| Accounts receivable, net | $897,193 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $266,619 |
| Prepaid expenses and deferred charges | $368,951 |
| Net Land, buildings, and equipment | $8,018,513 |
| Investments—publicly traded securities | $8,269,372 |
| Investments—other securities | $859,282 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $490,195 |
| Total assets | $32,215,616 |
| Accounts payable and accrued expenses | $1,051,458 |
| Grants payable | $0 |
| Deferred revenue | $1,482,639 |
| 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 | $499,526 |
| Total liabilities | $3,033,623 |
| Net assets without donor restrictions | $22,062,720 |
| Net assets with donor restrictions | $7,119,273 |
| 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 | $32,215,616 |