Design That Matters Inc
- Assets
- $286.9k
- Revenue
- $250.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Redmond, WA
- Founding
- 02/2004
- Data as of
- 12/2021
- EIN
- 30-0172078
Organization Overview
Design That Matters Inc is located in Redmond, WA. The organization was established in 2004. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Design That Matters Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Design That Matters Inc 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, Design That Matters Inc generated $250.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $333.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 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
TO PROMOTE AND FACILITATE THE DEVELOPMENT OF APPROPRIATE PRODUCTS AND SERVICES ARISING OUT OF SOLUTIONS TO DESIGN CHALLENGES FOR PEOPLE IN UNDERSERVED COMMUNITIES, INCLUDING BUT NOT LIMITED TO, DEVELOPING COUNTRIES, INDIGENOUS GROUPS, THE HANDICAPPED AND THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF PRODUCTS FOR UNDERSERVED COMMUNITIES INCLUDING DEVELOPING COUNTRIES, INDIGENOUS GROUPS, THE HANDICAPPED AND THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Prestero CEO | OfficerTrustee | 40 | $178,000 |
Dr Steven A Ringer Director | Trustee | 1 | $0 |
David Privitera Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,133 |
| All other contributions, gifts, grants, and similar amounts not included above | $185,841 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,974 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| 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 | $249,976 |
| 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. | $178,000 |
| Compensation of current officers, directors, key employees. | $5,340 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,262 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,073 |
| Payroll taxes | $15,160 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,691 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $980 |
| Office expenses | $18,280 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,158 |
| Travel | $1,380 |
| 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 | $867 |
| Insurance | $1,695 |
| All other expenses | $0 |
| Total functional expenses | $332,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,625 |
| Savings and temporary cash investments | $1,642 |
| Pledges and grants receivable | $1,000 |
| 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 | $3,858 |
| Net Land, buildings, and equipment | $9,941 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,800 |
| Total assets | $286,866 |
| Accounts payable and accrued expenses | $24,744 |
| 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 | $1,195 |
| Total liabilities | $25,939 |
| Net assets without donor restrictions | $260,927 |
| 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 | $286,866 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Design That Matters Inc has recieved totaling $106,811.
| Awarding Organization | Amount |
|---|---|
Saturn Foundation Global Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,811 |
Carl E Kessler Family Foundation Fort Worth, TX PURPOSE: HUMAN SERVICE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Luke Commission Inc Sagle, ID | $15,926,571 | $20,745,366 |
Making A Difference Foundation Seattle, WA | $5,648,581 | $9,801,406 |
Washington State University Global Health Pullman, WA | $474,066 | $7,124,881 |
Worldreader Org Seattle, WA | $11,912,107 | $9,017,027 |
All Gods Children International Vancouver, WA | $4,347,832 | $7,534,520 |
International Childrens Care Inc Vancouver, WA | $2,390,869 | $3,895,114 |
Days For Girls International Mount Vernon, WA | $1,621,886 | $3,676,158 |
Childcare Worldwide Lynden, WA | $2,694,359 | $2,926,893 |
India Partners Eugene, OR | $2,001,509 | $3,503,989 |
Glenorchy Marketplace Foundation Bellevue, WA | $35,571,268 | $3,025,099 |
African Entrepreneurship Collective Clinton, WA | $11,434,782 | $6,049,617 |
Alliance For Children Everywhere Seattle, WA | $495,240 | $1,071,349 |