501 Commons
- Assets
- $2.5m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 75
- Location
- Seattle, WA
- Founding
- 04/1993
- Data as of
- 12/2021
- 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 12/2021, 501 Commons employed 75 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 12/2021, 501 Commons generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 7 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR TECHNOLOGY PROGRAMS INCLUDE IT INFRASTRUCTURE AND DATA SOLUTIONS. DATA SOLUTIONS WORKED ON 53 DATABASE DEVELOPMENT AND MAINTENANCE PROJECTS WITH 35 ORGANIZATIONS. IT INFRASTRUCTURE WORKED ON 168 PROJECTS OR ONGOING IT MANAGED SERVICES WITH 78 ORGANIZATIONS. ORGANIZATIONS RECEIVING MANAGED SERVICES HAVE THE BENEFITS OF ONGOING BACKUP, ANTIVIRUS, AND MONITORING OF THEIR NETWORKS. THESE SERVICES ALLOW NONPROFITS THAT RANGE FROM THREE TO HUNDREDS OF EMPLOYEES KEEP THEIR DATA SAFE, WORK EFFICIENTLY, COMMUNICATE EFFECTIVELY, AND TRACK RELATIONSHIPS AND RESULTS.
MANAGEMENT SERVICES INCLUDES HUMAN RESOURCES, LEADERSHIP COACHING, EXECUTIVE ADVISING, MANAGEMENT CONSULTING, FUNDRAISING GUIDANCE, VOLUNTEER MANAGEMENT CONSULTING, AND EMERGENCY PLANNING. MANAGEMENT CONSULTING PROVIDED 109 SERVICES TO 990 ORGANIZATIONS. OUR HUMAN RESOURCES PRACTICE WORKED ON 149 PROJECTS WITH 99 ORGANIZATIONS. OF THESE, FORTY-EIGHT ORGANIZATIONS WERE ENGAGED IN HR PARTNERSHIPS, WHICH PROVIDE SUSTAINED SUPPORT. OVER 500 PEOPLE PARTICIPATING IN TRAINING, COMMUNITY PRESENTATIONS, AND PEER LEARNING SESSIONS. MOST OF THE SERVICES ARE PROVIDED BY SKILLED VOLUNTEERS WHO ARE MEMBERS OF OUR EXECUTIVE SERVICE CORPS. OVERALL, SERVICE CORPS MEMBERS CONTRIBUTED TIME VALUED AT $478,000.
IN 2021, OUR FINANCIAL SERVICES PROGRAM PROVIDED ACCOUNTING, TAX SERVICES, AND CONSULTING TO 195 ORGANIZATIONS. WE PROVIDED 299 SERVICES INCLUDING FREE ASSISTANCE TO ORGANIZATIONS TO APPLY FOR THE PAYROLL PROTECTION PROGRAM AND TO REQUEST LOAN FORGIVENESS. HAVING PROFESSIONAL FINANICAL 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 MISSION.
WASHINGTON GIVES, OUR ONLINE GIVING PLATFORM FEATURING HOSTS TWO ANNUAL CAMPAIGN EVENTS, GIVINGTUESDAY AND GIVEBIG. IN 2021 DONORS, EMPLOYER MATCHING PROGRAMS, MEDIA PARTNERS, SPONSORS, AND BUSINESS CHAMPIONS RAISED $17.4 MILLION FOR 1,684 WASHINGTON-BASED ORGANIZATIONS. AN ADDITIONAL $680,000 WAS RAISED DURING GIVINGTUESDAY AND THE YEAR-END GIVING SEASON. DONORS CAN VISIT WAGIVES.ORG TO DISCOVER, LEARN ABOUT, AND DONATE TO CAUSES THEY CARE ABOUT. BUSINESSES CAN ENGAGE THEIR EMPLOYEES, EVEN PROVIDING PARTIAL MATCHING DONATIONS THROUGH OUR EASY ONE-CHECK PROCESS. A COHORT OF REFUGEE AND IMMIGRANT ORGANIZATIONS WAS PROVIDED WITH GIVEBIG CAMPAIGN ASSISTANCE, ALLOWING THEM TO LEARN ABOUT FUNDRAISING AND GARNER NEEDED UNRESTRICTED FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Long Executive Director | Officer | 54 | $133,599 |
Reza Khastou President | OfficerTrustee | 0.5 | $0 |
Chris Miller Trasurer | OfficerTrustee | 0.5 | $0 |
Alicia Yamamoto Secretary | OfficerTrustee | 0.5 | $0 |
Richard Starnes Vice President | OfficerTrustee | 0.5 | $0 |
Janice Deguchi Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $961,932 |
| All other contributions, gifts, grants, and similar amounts not included above | $455,274 |
| Noncash contributions included in lines 1a–1f | $109,518 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,417,206 |
| Total Program Service Revenue | $2,706,833 |
| Investment income | $2,246 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,231 |
| 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 | $4,138,516 |
| 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. | $133,599 |
| Compensation of current officers, directors, key employees. | $48,404 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,794,405 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $173,332 |
| Payroll taxes | $264,561 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,173 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $452,976 |
| Advertising and promotion | $0 |
| Office expenses | $12,758 |
| Information technology | $186,912 |
| Royalties | $0 |
| Occupancy | $106,584 |
| Travel | $4,555 |
| 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 | $11,484 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,296,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,742,572 |
| Savings and temporary cash investments | $388,712 |
| Pledges and grants receivable | $18,490 |
| Accounts receivable, net | $337,634 |
| 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 | $21,434 |
| Net Land, buildings, and equipment | $17,808 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,930 |
| Other assets | $0 |
| Total assets | $2,535,580 |
| Accounts payable and accrued expenses | $1,063,019 |
| Grants payable | $0 |
| Deferred revenue | $57,564 |
| 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 | $1,120,583 |
| Net assets without donor restrictions | $1,188,408 |
| Net assets with donor restrictions | $226,589 |
| 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 | $2,535,580 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that 501 Commons has recieved totaling $196,620.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT; GIVEBIG DONATION; EXEC2EXEC; SUPPORT EXPANDING SERVICES/OLD LAPTOPS; CAPACITY BUILDING PROGRAMS; TO SUPPORT THE NEXT LEVEL PROGRAM | $156,110 |
Norcliffe Foundation Seattle, WA PURPOSE: GENERAL OPERATING | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,168 |
The Kirkpatrick Family Foundation Seattle, WA PURPOSE: OPERATING | $8,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $7,685 |
Bullitt Foundation Seattle, WA PURPOSE: MATCHING GRANTS | $4,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Social Justice Fund Northwest Seattle, WA | $18,909,695 | $10,854,923 |
501 Commons Seattle, WA | $2,535,580 | $4,138,516 |
Stone Soup Group Anchorage, AK | $705,854 | $1,748,090 |
Nonprofit Association Of Oregon Portland, OR | $1,465,684 | $1,258,408 |
Eagles Theatre Centre Seattle, WA | $9,420,086 | $0 |
Gracealaska Anchorage, AK | $13,141 | $302,901 |
Shorepines Bay Village Properties Inc Coos Bay, OR | $6,431,981 | $167,299 |
Gifts For Our Community Vancouver, WA | $178,939 | $434,922 |
Kamiah Community Partners Coalition Kamiah, ID | $12,935 | $0 |
Jku Foundation Seattle, WA | $305,234 | $12,144 |
Warden Development Council Warden, WA | $9,601 | $0 |
Xiamen University Alumni Association In Seattle Kenmore, WA | $7,243 | $4,350 |