Seattle Parks Foundation
- Assets
- $15.5m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Seattle, WA
- Founding
- 11/1999
- Data as of
- 06/2021
- EIN
- 91-1998597
Organization Overview
Seattle Parks Foundation is located in Seattle, WA. The organization was established in 1999. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Seattle Parks Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle Parks Foundation 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 06/2021, Seattle Parks Foundation generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $6.3m during the year ending 06/2021. While expenses have increased by 17.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEATTLE PARKS FOUNDATION CONNECTS AND SUPPORTS COMMUNITY LEADERS TO BUILD AND SUSTAIN A THRIVING SYSTEM OF PARKS AND PUBLIC SPACE FOR ALL PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEATTLE PARKS FOUNDATION IS AN INDEPENDENT 501(C)(3) NONPROFIT THAT PROMOTES PHILANTHROPY AND ADVOCATES FOR PUBLIC POLICIES AND INVESTMENT TO SUPPORT AND SUSTAIN A THRIVING SYSTEM OF COMMUNITY-LED PARK AND PUBLIC SPACE PROJECTS THAT IMPROVE THE HEALTH AND HAPPINESS OF ALL SEATTLE RESIDENTS. SINCE ITS FOUNDING IN 2000, DONORS HAVE GIVEN NEARLY $72 MILLION THROUGH SEATTLE PARKS FOUNDATION TO SUPPORT 260 SUCCESSFUL PARK PROJECTS ACROSS THE CITY WE CURRENTLY SERVE AS FISCAL SPONSOR FOR 90 GROUPS CHAMPIONING NEW AND ENHANCED PARK SPACE, PLAYGROUNDS, TREE CANOPY PROJECTS, PEDESTRIAN AND BIKE TRAILS, STREAM DAYLIGHTING, AND MYRIAD OTHER PROJECTSLARGE AND SMALLACROSS SEATTLE. WE PROVIDE THESE COMMUNITY PARTNERS WITH THE ADMINISTRATIVE, FINANCIAL, FUNDRAISING, COMMUNICATIONS, AND COACHING SERVICES THEY NEED TO MAKE OUR CITY A SAFER, MORE BEAUTIFUL, AND MORE WELCOMING PLACE FOR ALL TO LIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thatcher Bailey President & CEO | Officer | 40 | $149,408 |
Erin Clements Deputy Director | 40 | $106,804 | |
Rebecca Bear President & CEO | Officer | 40 | $29,219 |
Beth Purcell Board Member | Trustee | 1 | $28,962 |
Garrett Kephart Vice Chair | OfficerTrustee | 2 | $0 |
Jodi Green Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,835,249 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,340,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,175,868 |
| Total Program Service Revenue | $58,019 |
| Investment income | $263,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $308,007 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,808,080 |
| 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. | $306,915 |
| Compensation of current officers, directors, key employees. | $61,383 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $390,490 |
| Pension plan accruals and contributions | $14,299 |
| Other employee benefits | $67,735 |
| Payroll taxes | $58,095 |
| 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 | $38,042 |
| Fees for services: Other | $4,431,271 |
| Advertising and promotion | $0 |
| Office expenses | $11,271 |
| Information technology | $47,176 |
| Royalties | $0 |
| Occupancy | $16,720 |
| Travel | $15,382 |
| 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 | $3,879 |
| Insurance | $5,440 |
| All other expenses | $38,349 |
| Total functional expenses | $6,321,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $785,575 |
| Savings and temporary cash investments | $1,633,322 |
| Pledges and grants receivable | $1,491,310 |
| 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 | $22,352 |
| Net Land, buildings, and equipment | $8,640 |
| Investments—publicly traded securities | $11,554,633 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,495,832 |
| Accounts payable and accrued expenses | $830,116 |
| 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 | $149,965 |
| Other liabilities | $0 |
| Total liabilities | $980,081 |
| Net assets without donor restrictions | $8,796,806 |
| Net assets with donor restrictions | $5,718,945 |
| 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 | $15,495,832 |
Grants Awarded
Over the last fiscal year, Seattle Parks Foundation has awarded $80,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: Program support | $20,000 |
Seattle, WA PURPOSE: Program support | $20,000 |
Seattle, WA PURPOSE: Program support | $20,000 |
Seattle, WA PURPOSE: Program support | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Seattle Parks Foundation has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
Illuminated Foundation Cave Creek, AZ PURPOSE: FUNDING DONATION | $7,500 |
Illuminated Foundation Cave Creek, AZ PURPOSE: FUNDING DONATION | $5,000 |
Greer-Solien Fund Wilmington, DE PURPOSE: NORTHWEST CONSERVATION PHILANTHROPY FELLOWSHIP | $1,500 |
Endowment Analysis
| Beg. Balance | $303,823 |
| Net Contributions | $460 |
| Ending Balance | $304,283 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seattle Parks Foundation Seattle, WA | $15,495,832 | $6,808,080 |
Cascade Bicycle Club Seattle, WA | $3,889,164 | $2,696,887 |
Chehalem Center Association Newberg, OR | $6,548,447 | $1,208,781 |
Ashland Parks Foundation Ashland, OR | $1,289,989 | $200,838 |
Yakima Ymca Qalicb Yakima, WA | $26,214,385 | $128,125 |
Eugene Parks Foundation Eugene, OR | $190,359 | $437,013 |
Fairbanks Summer Arts Festival Fairbanks, AK | $2,313,055 | $303,652 |
United States Amateur Boxing Foundation Hood River, OR | $5,699,978 | $606,532 |
Washington Friends Of Farms & Forests Olympia, WA | $787,691 | $172,140 |
Friends Of Silver Falls State Park Inc Sublimity, OR | $586,681 | $372,520 |
Hoopla Association Salem, OR | $70,226 | $203,022 |
Boise Youth Amatuer Hockey Association Inc Boise, ID | $177,961 | $197,335 |