Lake City Collective
- Assets
- $1.4m
- Revenue
- $556.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Seattle, WA
- Founding
- Data as of
- 12/2023
- EIN
- 36-4939852
Organization Overview
Lake City Collective is located in Seattle, WA. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Lake City Collective employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake City Collective 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, Lake City Collective generated $556.8k in total revenue. All expenses for the organization totaled $476.8k during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
LAKE CITY COLLECTIVE IS A MINORITY-LED, COMMUNITY-BASED ORGANIZATION THAT EMPOWERS UNDERREPRESENTED COMMUNITIES ACROSS CULTURES IN THE NORTH SEATTLE REGION. IT DOES THAT BY LIFTING THEIR VOICE AND PRESENCE, REMOVING BARRIERS FOR PARTICIPATION AND EXPRESSION, ELEVATING THEIR LANGUAGE AND HERITAGE, FOSTERING LEADERSHIP AND POWER-SHARING, CREATING OPPORTUNITIES TO APPLY THEIR SKILLS AND IDEAS, AND BY HELPING FAMILIES REMAIN IN THE PLACE THEY CHOOSE TO LIVE, WORK, OR DO BUSINESS, WHERE THEY FEEL SAFE, RESPECTED, SUCCESSFUL, INFORMED, CONNECTED WITH PEOPLE, AND SURROUNDED BY A HEALTHY ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKE CITY COLLECTIVE (LCC) IN PARTNERSHIP WITH THECITY OF SEATTLE, KING COUNTY AND WITH THE SUPPORT OF OTHER ORGANIZATIONS, CONTINUED ITS EFFORTS IN SUPPORTING COMMUNITY MEMBERS IN VARIOUS WAYS AS FOLLOWS: PARTNERINGIN THE DEVELOPMENT OF PEDESTRIAN SAFETY INFRASTRUCTURE, CLEAN & SAFE OPEN SPACES, CONTINUESERVING AS A RESILIENCE HUB, ORGANIZING ARTS & CULTURAL EVENTS, AND WORKING ON PROJECTS RELATED TO ENVIRONMENTAL JUSTICE, FOOD EQUITY, AS WELL AS AFFORDABILITY AND LIVABILITY ISSUES. OTHER IMPORTANT EFFORTS INCLUDED SUPPORTING WOMEN AND MINORITY BUSINESSES IN SEVERAL LANGUAGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claudine Wallace Board Presid | OfficerTrustee | 10 | $0 |
Peggy R Hernandez Rojas Co-Director | Trustee | 30 | $10,154 |
Cesar A Garcia Garcia Co-Director | Trustee | 30 | $10,154 |
Lisa Chang Board Secret | OfficerTrustee | 10 | $0 |
Cinthia Palomino Board Treasu | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $420,583 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,939 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $545,522 |
| Total Program Service Revenue | $0 |
| Investment income | $513 |
| 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 | $556,835 |
| 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 | $5,869 |
| 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 | $137,553 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,153 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $915 |
| Fees for services: Accounting | $1,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,918 |
| Advertising and promotion | $25 |
| Office expenses | $6,827 |
| Information technology | $6,183 |
| Royalties | $0 |
| Occupancy | $146,674 |
| Travel | $2,971 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,847 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,048 |
| Insurance | $7,817 |
| All other expenses | $71,500 |
| Total functional expenses | $476,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368,069 |
| Savings and temporary cash investments | $18,073 |
| 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 | $1,042,174 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,428,316 |
| Accounts payable and accrued expenses | $127 |
| 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 | $127 |
| Net assets without donor restrictions | $1,428,189 |
| 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 | $1,428,316 |