501 Commons
- Assets
- $127.4m
- Revenue
- $22.2m
- Investments
- $0.0
- Employees
- 101
- Location
- Seattle, WA
- Founding
- 04/1993
- Data as of
- 12/2023
- EIN
- 94-3089631
Organization Overview
501 Commons is located in Seattle, WA. The organization was established in 1993. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, 501 Commons employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 501 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 12/2023, 501 Commons generated $22.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $26.1m during the year ending 12/2023. While expenses have increased by 27.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE SERVE NONPROFIT ORGANIZATIONS AS EXPERTS INNOVATORS AND PARTNERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
501 COMMONS SERVES AS THE PROGRAM ADMINISTRATOR FOR WASHINGTON STATE OPPORTUNITY SCHOLARSHIP. WSOS REMOVES BARRIERS TO EDUCATION AND HELPS WASHINGTON STUDENTS FORGE THEIR PATH TO HIGH-DEMAND STEM, HEALTH CARE, AND TRADE CAREERS IN WASHINGTON STATE. OPPORTUNITY SCHOLARS RECEIVE FINANCIAL ASSISTANCE, CAREER TRAINING, AND MENTORSHIP SERVICES THAT UNIQUELY POSITION THEM TO MEET OUR STATE'S WORKFORCE SHORTAGES. 65% OF PARTICIPANTS ARE SCHOLARS OF COLOR, 54% ARE WOMEN OR NONBINARY, AND 62% ARE FIRST GENERATION SCHOLARS.
OUR TECHNOLOGY PROGRAMS INCLUDE IT INFRASTRUCTURE, CYBERECURITY AND DATA SOLUTIONS. DATA SOLUTIONS WORKED ON 58 DATABASE DEVELOPMENT AND MAINTENANCE PROJECTS WITH 32 ORGANIZATIONS. IT INFRASTRUCTURE WORKED ON 100 PROJECTS OR ONGOING IT MANAGED SERVICES WITH 59 ORGANIZATIONS. ORGANIZATIONS RECEIVING MANAGED SERVICES HAVE THE BENEFITS OF ONGOING BACKUP, ANTIVIRUS, AND MONITORING THE SECURITY OF THEIR NETWORKS. THESE SERVICES ALLOW NONPROFITS OF ALL TYPES AND SIZES KEEP THEIR DATA SAFE, WORK EFFICIENTLY, COMMUNICATE EFFECTIVELY, AND TRACK RELATIONSHIPS AND RESULTS.
OUR FINANCIAL SERVICES PROGRAM WORKED ON 208 ACCOUNTING, TAX AND CONSULTING ENGAGEMENTS WITH ORGANIZATIONS. HAVING PROFESSIONAL FINANCIAL SERVICES AT AFFORDABLE RATES PROVIDES OUR CLIENTS WITH THE FINANCIAL DATA THEY NEED TO MAKE SOUND MANAGEMENT DECISIONS AND ALLOWS THEM TO FOCUS ON THEIR MISSIONS, BUDGETS, FINANCIAL REPORTS, AND TAX RETURNS THAT MEET PROFESSIONAL STANDARDS AND ARE A BASELINE REQUIREMENT FOR EFFECTIVE FUNDRAISING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Connors Wsos Executive Dir | Officer | 40 | $184,265 |
Nancy Long Executive Director | Officer | 40 | $126,980 |
Janice Deguchi Board Member | Trustee | 0.5 | $0 |
Greg Dietzel Board Member | Trustee | 0.5 | $0 |
Ivan Lee Board Member | Trustee | 0.5 | $0 |
Chris Mcclincy Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,388,196 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,564,959 |
| Noncash contributions included in lines 1a–1f | $113,934 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,953,155 |
| Total Program Service Revenue | $3,717,301 |
| Investment income | $1,524,813 |
| 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 | $22,195,269 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,424,574 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $311,245 |
| Compensation of current officers, directors, key employees. | $120,498 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,407,876 |
| Pension plan accruals and contributions | $129,783 |
| Other employee benefits | $556,297 |
| Payroll taxes | $537,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,500 |
| Fees for services: Accounting | $27,500 |
| Fees for services: Lobbying | $60,600 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,500,511 |
| Advertising and promotion | $37,127 |
| Office expenses | $82,154 |
| Information technology | $256,291 |
| Royalties | $0 |
| Occupancy | $160,339 |
| Travel | $52,988 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $131,463 |
| Interest | $20,898 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,357 |
| Insurance | $42,478 |
| All other expenses | $0 |
| Total functional expenses | $26,053,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,445,099 |
| Savings and temporary cash investments | $12,158 |
| Pledges and grants receivable | $29,472,312 |
| Accounts receivable, net | $800,467 |
| 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 | $119,815 |
| Net Land, buildings, and equipment | $201,766 |
| Investments—publicly traded securities | $94,307,910 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $127,359,527 |
| Accounts payable and accrued expenses | $1,037,309 |
| Grants payable | $33,913,843 |
| Deferred revenue | $4,638,143 |
| 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 | $39,589,295 |
| Net assets without donor restrictions | $87,722,232 |
| Net assets with donor restrictions | $48,000 |
| 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 | $127,359,527 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
501 Commons Seattle, WA | $127,359,527 | $22,195,269 |
Social Justice Fund Northwest Seattle, WA | $17,528,953 | $7,564,302 |
Training Resources For The Environmental Community Seattle, WA | $1,610,573 | $2,421,775 |
Stone Soup Group Anchorage, AK | $1,082,506 | $1,946,839 |
Nonprofit Association Of Oregon Portland, OR | $1,972,661 | $2,287,021 |
Gracealaska Anchorage, AK | $511,700 | $775,305 |
Gifts For Our Community Vancouver, WA | $209,306 | $523,179 |
Eagles Theatre Centre Seattle, WA | $9,420,086 | $0 |
Altruist Nonprofit Accelerator Seattle, WA | $17,316 | $0 |
Shorepines Bay Village Properties Inc Coos Bay, OR | $6,299,072 | -$10,201 |
Kamiah Community Partners Coalition Kamiah, ID | $12,935 | $0 |
Christmas Storybookland Inc Albany, OR | $49,033 | $0 |
Jku Foundation Seattle, WA | $305,234 | $12,144 |
Warden Development Council Warden, WA | $11,187 | $0 |
Three Rivers Ranch Road District Hebo, OR | $0 | $20,639 |
Alaska Inreach Palmer, AK | $168,271 | $0 |
South County Area Human Services Alliance Kent, WA | $2,709,780 | -$54,203 |