Seattle Industry Foundation
- Assets
- $120.6k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 01/2007
- Data as of
- 12/2020
- EIN
- 20-3812716
Organization Overview
Seattle Industry Foundation is located in Seattle, WA. The organization was established in 2007. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle Industry Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE SEATTLE INDUSTRY FOUNDATION EXISTS TO SUPPORT TRANSPORTATION AND EDUCATION ACTIVITIES THAT HELP SUPPORT THE CONTINUED VIABILITY OF INDUSTRIAL BUSINESS OPERATIONS IN GREATER SEATTLE. THE LONG TERM HEALTH OF THE INDUSTRIAL COMMUNITY IS THREATENED BY THE FAILURE OF GOVERNMENT TO PROVIDE ADEQUATE TRANSPORTATION INFRASTRUCTURE AND INADEQUATE PUBLIC TRANSIT SERVICES. INDUSTRIAL BUSINESSES ALSO FACE A GROWING CHALLENGE IN FINDING QUALIFIED WORKERS BECAUSE OF THE FAILURE OF THE PUBLIC SCHOOL SYSTEM TO ADEQUATELY INFORM STUDENTS ABOUT THE HIGH-WAGE CAREER OPPORTUNITIES THAT EXIST IN INDUSTRIAL EMPLOYMENT SECTORS. THE GOAL OF THE SEATTLE INDUSTRY FOUNDATION IS TO RAISE FUNDS TO SUPPORT ACTIVITIES THAT HELP TO ADDRESS THESE TRANSPORTATION AND EDUCATION ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES STUDENTS ACROSS WASHINGTON STATE HANDS-ON LEARNING AND TRANSFERABLE SKILLS THAT LEAD TO VARIOUS CAREER PATHWAYS IN AEROSPACE, CONSTRUCTION AND MARITIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Aakervik Treasurer | OfficerTrustee | 2 | $0 |
James D Gering Executive Di | OfficerTrustee | 10 | $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 | $997,839 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $997,839 |
| Total Program Service Revenue | $33,963 |
| Investment income | $0 |
| 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 | $1,031,802 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $95 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $123 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $912,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,630 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $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 | $0 |
| Total assets | $120,630 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $120,630 |
| 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 | $120,630 |
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Careerworks Inc Seattle, WA | $374,714 | $2,124,184 |
Partner In Employment Seatac, WA | $919,989 | $1,599,497 |
Faces Of America Salem, OR | $595,257 | $1,612,550 |
Carol Emmott Foundation Portland, OR | $2,241,132 | $1,767,775 |
Common Threads Farm Bellingham, WA | $966,574 | $1,251,132 |
Seattle Industry Foundation Seattle, WA | $120,630 | $1,031,802 |
Learning Lab Inc Garden City, ID | $2,467,190 | $977,356 |
The Commons Law Center Portland, OR | $251,737 | $784,072 |
Western Association Of College And University Business Officers Seattle, WA | $1,800,018 | $849,761 |