Friends Of Seattle Waterfront
- Assets
- $32.3m
- Revenue
- $18.5m
- Investments
- $0.0
- Employees
- 35
- Location
- Seattle, WA
- Founding
- 04/2014
- Data as of
- 12/2021
- EIN
- 80-0867356
Organization Overview
Friends Of Seattle Waterfront, operating under the name Friends of Waterfront Seattle, is located in Seattle, WA. The organization was established in 2014. 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 12/2021, Friends of Waterfront Seattle employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends of Waterfront Seattle 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, Friends of Waterfront Seattle generated $18.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 54.9% each year . All expenses for the organization totaled $15.4m during the year ending 12/2021. While expenses have increased by 44.0% 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
TO SUPPORT, THROUGH OUTREACH, FUNDRAISING AND STEWARDSHIP, THE CITY'S WATERFRONT SEATTLE PROJECT: CREATION OF A PARK ALONG THE CENTRAL SHORELINE TO BENEFIT THE PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF WATERFRONT SEATTLE IS THE NONPROFIT PARTNER TO THE CITY OF SEATTLE TO HELP BUILD, OPERATE, PROGRAM, AND STEWARD THE FUTURE WATERFRONT PARK, SCHEDULED TO OPEN IN 2025. THE FIRST PIECE OF THE PARK - PIER 62 - BEGAN PROGRAMMING IN JULY 2021, AS COVID PUBLIC HEALTH GUIDELINES ALLOWED. EVENTS AND PROGRAMS SUMMARY DATA INCLUDES: TOTAL EVENTS AND ACTIVATIONS: 277 TOTAL ONLINE VIEWS OF PROGRAMS FILMED AT PIER 62: 48,211+ TOTAL IN-PERSON PROGRAMS ATTENDANCE: 63,572+ TOTAL ORGANIZATIONAL PROGRAM PARTNERS: 68 TOTAL ARTISTS AND PERFORMERS: 166+ FRIENDS' 2021 ACTIVATIONS FEATURED MORE THAN 60% BLACK, INDIGENOUS, AND PEOPLE OF COLOR ARTISTS, PERFORMERS, DANCERS, AND STORYTELLERS AS PART OF AN ONGOING EFFORT TO ENSURE THAT THE PARK IS WELCOMING AND SAFE FOR EVERYONE TO CALL HOME IN SEATTLE.
GRANT TO CITY OF SEATTLE FOR CAPITAL IMPROVEMENTS TO THE CENTRAL WATERFRONT PROJECT.
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 |
|---|---|---|---|
Margaret Shurgot Director Of Philanthropy | Officer | 40 | $218,515 |
P Thatcher Bailey Executive Director | Officer | 40 | $200,000 |
Nicole Dansereau Director Of Communications | 40 | $144,980 | |
Anna O'donnell Chief Philantropy Officer | 40 | $123,542 | |
Yoon-Hee Kang Director Of Public Programs | 40 | $119,167 | |
Ann O'dowd Production Manager | 40 | $118,281 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $170,680 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,206,204 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,376,884 |
| Total Program Service Revenue | $104,347 |
| Investment income | -$29,666 |
| 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 | $18,451,565 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,068,825 |
| 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. | $200,000 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,831,310 |
| Pension plan accruals and contributions | $41,120 |
| Other employee benefits | $210,422 |
| Payroll taxes | $208,626 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,818 |
| Fees for services: Accounting | $66,950 |
| Fees for services: Lobbying | $4,286 |
| Fees for services: Fundraising | $144,794 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $219,309 |
| Advertising and promotion | $258,685 |
| Office expenses | $56,871 |
| Information technology | $65,724 |
| Royalties | $0 |
| Occupancy | $49,417 |
| Travel | $14,782 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,060 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,064 |
| Insurance | $47,508 |
| All other expenses | $102,837 |
| Total functional expenses | $15,422,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,216,532 |
| Savings and temporary cash investments | $17,998,228 |
| Pledges and grants receivable | $10,939,962 |
| Accounts receivable, net | $500 |
| 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 | $140,347 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,295,569 |
| Accounts payable and accrued expenses | $445,946 |
| 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 | $445,946 |
| Net assets without donor restrictions | $24,304,766 |
| Net assets with donor restrictions | $7,544,857 |
| 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 | $32,295,569 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Friends Of Seattle Waterfront has recieved totaling $7,835,392.
| Awarding Organization | Amount |
|---|---|
Norcliffe Foundation Seattle, WA PURPOSE: CAMPAIGN FOR WATERFRONT PARK | $2,636,970 |
Norcliffe Foundation Seattle, WA PURPOSE: CAMPAIGN FOR WATERFRONT PARK | $1,863,030 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $1,237,900 |
Norcliffe Foundation Seattle, WA PURPOSE: CAMPAIGN FOR WATERFRONT PARK | $500,000 |
The Seattle Foundation Seattle, WA PURPOSE: TO SUPPORT THE ANNUAL FUND; TO PROVIDE GENERAL SUPPORT; TO SUPPORT THE CAMPAIGN; WATERFRONT FOR ALL; TO SUPPORT THE COMPREHENSIVE CAMPAIGN | $473,800 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $250,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rural Alaska Community Action Program Inc Anchorage, AK | $41,385,043 | $27,905,721 |
Human Solutions Inc Portland, OR | $41,573,265 | $24,704,381 |
Metropolitan Development Council Tacoma, WA | $25,355,306 | $24,051,543 |
Aleutian-Pribilof Islands Anchorage, AK | $38,968,570 | $29,437,372 |
Friends Of Seattle Waterfront Seattle, WA | $32,295,569 | $18,451,565 |
Yakima County Development Association Yakima, WA | $2,653,869 | $12,280,886 |
Association Of Washington Cities Olympia, WA | $23,978,792 | $13,838,038 |
Hacienda Community Development Corporation Portland, OR | $42,129,547 | $14,753,048 |
Klamath-Lake Community Action Services Klamath Falls, OR | $1,233,106 | $7,011,875 |
The Contingent Portland, OR | $16,984,824 | $8,759,620 |
Southeast Effective Development Seattle, WA | $44,851,964 | $4,590,608 |
Evergreen Business Capital Seattle, WA | $8,313,121 | $5,500,753 |