Seattle Fair Trade
- Assets
- $62.3k
- Revenue
- $131.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Seattle, WA
- Founding
- 03/2001
- Data as of
- 03/2024
- EIN
- 91-2062232
Organization Overview
Seattle Fair Trade is located in Seattle, WA. The organization was established in 2001. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. As of 03/2024, Seattle Fair Trade employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle Fair Trade 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 03/2024, Seattle Fair Trade generated $131.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $136.1k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEATTLE FAIR TRADE PROVIDES A VITAL FAIR INCOME TO LOCAL AND GLOBAL ARTISANS BY SHARING THEIR STORIES AND SELLING THEIR HANDCRAFTED GOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A RETAIL SPACE, HOSTING EVENTS AND POP-UP MARKETS AROUND THE AREA, SHOWCASING WORK BY LOCAL AND REGIONAL ARTISTS AND FAIR TRADE GOODS FROM AROUND THE WORLD WHILE FOSTERING INCOME AND RECOGNITION FOR THE ARTISAN MAKERS. SEATTLE FAIR TRADE SERVES AS A CENTER FOR ART AND FAIR TRADE IN THE ROOSEVELT NEIGHBORHOOD OF SEATTLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacie Ford-Bonnelle Chair | OfficerTrustee | 2.5 | $0 |
Sibyl James Vice Chair Secretary | OfficerTrustee | 6 | $0 |
Cyndi Thomsen Treasurer | OfficerTrustee | 2.5 | $0 |
Katha Dalton Marketing | OfficerTrustee | 1.25 | $0 |
Jill Mosdell Social Media | OfficerTrustee | 0.5 | $0 |
Lishan Chenmou Tech | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,861 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,861 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,500 |
| 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 | $106,112 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,474 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,177 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,100 |
| Payroll taxes | $6,645 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $154 |
| Office expenses | $578 |
| Information technology | $3,599 |
| Royalties | $0 |
| Occupancy | $32,578 |
| 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 | $0 |
| Insurance | $5,933 |
| All other expenses | $7,200 |
| Total functional expenses | $136,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,780 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $631 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,597 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,247 |
| Total assets | $62,255 |
| Accounts payable and accrued expenses | $7,574 |
| 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 | $7,574 |
| Net assets without donor restrictions | $54,681 |
| 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 | $62,255 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Of The Olympics And Rainier Region Tacoma, WA | $114,011,857 | $93,699,643 |
Goodwill Industries Of Lane County Eugene, OR | $87,724,174 | $52,184,329 |
Goodwill Industries Of The Inland Northwest Spokane, WA | $64,208,165 | $47,708,216 |
Goodwill Industries Of The Columbia Kennewick, WA | $60,482,585 | $45,780,602 |
Southern Oregon Goodwill Industries Medford, OR | $37,644,537 | $26,028,265 |
Seattle Fair Trade Seattle, WA | $62,255 | $131,474 |
Goodwill Contracting Services Tacoma, WA | $1,153,950 | $28,178 |