Friends Of Third Place Commons
- Assets
- $238.5k
- Revenue
- $171.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Kenmore, WA
- Founding
- 09/2000
- Data as of
- 12/2021
- EIN
- 91-2054524
Organization Overview
Friends Of Third Place Commons is located in Kenmore, WA. The organization was established in 2000. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Friends Of Third Place Commons employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Third Place Commons 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 12/2021, Friends Of Third Place Commons generated $171.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $171.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 5 years. 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
ENRICH, FOSTER REAL COMMUNITY IN REAL SPACE OPEN TO EVERYONE; FACILITATE FREE PUBLIC EVENTS IN THE COMMONS; SPONSOR THE LOCAL FARMERS MARKET; PARTNER WITH CIVIC, SOCIAL SERVICE ENTITIES TO HELP MAXIMIZE THEIR IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY EVENTS: THIRD PLACE COMMONS HOSTS HUNDREDS OF FREE COMMUNITY EVENTS EACH YEAR INCLUDING PERFORMANCES BY LOCAL SCHOOL BANDS/ORCHESTRAS, MUSIC AND DANCE STUDIOS, AND COMMUNITY GROUPS. EVENTS ALSO INCLUDE COMMUNITY FAIRS (E.G., GREEN FAIRS, SAFETY AND PREPAREDNESS, ETC.), CRAFTS FAIRS, INFORMATIONAL AND EDUCATIONAL FORUMS (E.G., CANDIDATE FORUMS, SOCIAL ISSUES, ETC.), AND OTHER UNIQUE OFFERINGS. EVENTS HELD BOTH IN-PERSON AND VIRTUALLY VIA ZOOM. WEEKLY AND MONTHLY PROGRAMS INCLUDED FOREIGN LANGUAGE CONVERSATION GROUPS, BOOK AND MOVIE CLUBS, ART-INS, AND MORE. ALL EVENTS AT THE COMMONS ARE FREE OF CHARGE.
FARMERS MARKET: THE LAKE FOREST PARK FARMERS MARKET IS A WEEKLY SUNDAY MARKET FROM MOTHERS DAY THROUGH MID-OCTOBER ANNUALLY. THE MARKET, WHICH IS FOOD AND PLANT FOCUSED, FEATURES DOZENS OF VENDORS OF PRODUCE, MEAT, FISH,EGGS,FLOWERS AND LOCALLY PRODUCED SPECIALTY ITEMS, AND WELCOMES THOUSANDS OF WEEKLY SHOPPERS.
WEEKEND MUSIC: FRIENDS OF THIRD PLACE COMMONS HOSTS FREE LIVE MUSIC ONSTAGE WITH AN OPEN DANCE FLOOR EVERY FRIDAY AND SATURDAY NIGHT. LOCAL AND REGIONAL ACTS BRING JAZZ, SWING, BIG BAND, BLUES, FUNK, SOUL, COUNTRY, ZYDECO AND MORE TO LOCAL AUDIENCES FROM THROUGHOUT SEATTLE AND NORTH KING COUNTY, WHILE A LARGE DANCE FLOOR GIVES DANCERS PLENTY OF SPACE TO ROCK AND SWING TO THE NIGHTS OFFERINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Sluiter Director | Trustee | 1 | $0 |
Shary Van Chairman | OfficerTrustee | 1 | $0 |
Gin Thorson Director | Trustee | 1 | $0 |
Jill Riemer Treasurer | OfficerTrustee | 1 | $0 |
Brian Johnson Director | Trustee | 1 | $0 |
Leanne Hawkins Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,174 |
| Investment income | $331 |
| 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 | $171,358 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,493 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,670 |
| Advertising and promotion | $631 |
| Office expenses | $0 |
| Information technology | $5,097 |
| Royalties | $0 |
| Occupancy | $1,887 |
| Travel | $18 |
| 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 | $2,294 |
| Insurance | $2,525 |
| All other expenses | $0 |
| Total functional expenses | $171,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,549 |
| Savings and temporary cash investments | $156,419 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $341 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $521 |
| Total assets | $238,509 |
| Accounts payable and accrued expenses | $743 |
| 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 | $743 |
| Net assets without donor restrictions | $237,766 |
| 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 |
| Total liabilities and net assets/fund balances | $237,766 |