Seattle Fishermen S Memorial
- Assets
- $3.8m
- Revenue
- $346.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 06/1986
- Data as of
- 06/2023
- EIN
- 91-1298132
Organization Overview
Seattle Fishermen S Memorial is located in Seattle, WA. The organization was established in 1986. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle Fishermen S Memorial 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 06/2023, Seattle Fishermen S Memorial generated $346.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $208.5k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR MAINTENANCE OF THE SEATTLE FISHERMEN'S MEMORIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAFETY TRAINING PROGRAMS - SAFETY GRANTS TO FISHERMEN WHO ATTEND SPECIFIC PROGRAMS APPROVED BY THE BOARD.
MEMORIAL SERVICE - ANNUAL EVENT IN REMEMBERANCE OF FISHERMEN LOST AT SEA.
SCHOLARSHIPS PAID TO DEPENDENTS OF FISHERMEN LOST AT SEA. RECIPIENTS MUST HAVE CURRENT FINANCIAL NEED AND MAINTAIN ACADEMIC PROGRESS.
GRIEF SUPPORT - PROVIDE GRIEF SUPPORT FOR THE MEMBERS OF THE COMMERCIAL FISHING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Teachout President | OfficerTrustee | 5 | $0 |
Alan Davis Vice President | OfficerTrustee | 5 | $0 |
David Bratz Secretary | OfficerTrustee | 5 | $0 |
Liza Cacal Treasurer | OfficerTrustee | 5 | $0 |
Carey Gephart Board Member | Trustee | 1 | $0 |
Jessica Graves Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $260,488 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,809 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $295,297 |
| Total Program Service Revenue | $0 |
| Investment income | $108,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$58,380 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $669 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $346,490 |
| 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 | $974 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $350 |
| Office expenses | $1,170 |
| Information technology | $1,131 |
| Royalties | $0 |
| Occupancy | $1,063 |
| 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 | $1,586 |
| All other expenses | $22,427 |
| Total functional expenses | $208,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,502 |
| Savings and temporary cash investments | $87,891 |
| 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 | $12,090 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,516,925 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,330 |
| Total assets | $3,761,738 |
| Accounts payable and accrued expenses | $100 |
| 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 | $100 |
| Net assets without donor restrictions | $3,419,930 |
| Net assets with donor restrictions | $341,708 |
| 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 | $3,761,738 |