Civic Intelligence

Seattle Industry Foundation

EIN 20-3812716 • 501(c)3 • Seattle, WA

Profile

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.

PO Box 81063Seattle, WA 98108

www.seattleindustry.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

51st percentile

2.0%

Higher net margin than 51% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

73rd percentile

16%

Faster asset growth than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

81%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$29,844

Up $4,054 (+16%) from 2023

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

Up

$29,844

Up $4,054 (+16%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin51st percentile

Revenue

Up

$205,838

Up $92,318 (+81%) from 2023

Expenses

Up

$201,784

Up $99,174 (+97%) from 2023

Net Income

Down

$4,054

Down $6,856 (-63%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth73rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2012: $14,084Liabilities 2012: $02012Assets 2020: $120,630Liabilities 2020: $0Net Assets 2020: $120,6302020Assets 2021: $19,430Liabilities 2021: $0Net Assets 2021: $19,4302021Assets 2022: $15,400Liabilities 2022: $520Net Assets 2022: $14,8802022Assets 2023: $25,790Net Assets 2023: $25,7902023Assets 2024: $29,844Liabilities 2024: $0Net Assets 2024: $29,8442024

Highlighted filing

2024

Assets$29,844
Liabilities$0
Net Assets$29,844
Open 2024 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2012: $63,524Expenses 2012: $54,870Net Income 2012: $8,6542012Revenue 2020: $1,031,802Expenses 2020: $912,600Net Income 2020: $119,2022020Revenue 2021: $435,579Expenses 2021: $536,779Net Income 2021: -$101,2002021Revenue 2022: $30,000Expenses 2022: $34,550Net Income 2022: -$4,5502022Revenue 2023: $113,520Expenses 2023: $102,610Net Income 2023: $10,9102023Revenue 2024: $205,838Expenses 2024: $201,784Net Income 2024: $4,0542024

Highlighted filing

2024

Revenue$205,838
Expenses$201,784
Net Income$4,054
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,844
Liabilities
$0
Net assets
$29,844
Revenue
$205,838
Expenses
$201,784
Net income
$4,054
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.21$0.20$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.03$0.03$0.11$0.10$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.01$0.03$0.03$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.44$0.54$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$1.03$0.91$0.12
2012Summary only. Only limited summary data is available for this year.$0.01$0.00$0.06$0.05$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 21, 2025
Return Version
2024v5.0
Gross Receipts
$205,838
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$25,790$29,844▲ $4,054
Total Assets$25,790$29,844▲ $4,054
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$25,790$29,844▲ $4,054
Total Net Assets Fund Balance$25,790$29,844▲ $4,054
Total Liabilities and Net Assets / Fund Balance$25,790$29,844▲ $4,054
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
James D GeringExecutive Di
Warren AakervikTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$200,000
Program Service Revenue
$5,838
Investment Income
$0
Other Revenue
$0
All Other Contributions
$10,000
Change in Net Assets
$4,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$195,000
Other Expenses$6,784
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$195,000--$195,000
Fees for Services Other$6,241--$6,241
Fees for Services Accounting$470--$470
Other Expenses$5--$5
Total Functional Expenses$201,784$0$0$201,784
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Manufacturing Industrial CouncilSeattle, WA--$195,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Seattle Industry Foundation
EIN
20-3812716
Phone
2067622470
Address
PO BOX 81063, SEATTLE, WA 98108

Signing Officer

Name
James D Gering
Title
Executive Director
Phone
2067622470
Signed
2025-07-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James D Gering
Formed
2005
Legal Domicile
Wa
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Mccorkle & Associates Cpas
Address
319 S 3RD ST, RENTON, WA 98057
Preparer
Robert L Mccorkle CPA
Phone
4252286133
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“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.”

Raw XML Appendix277 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
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ReturnHeader/BusinessOfficerGrp/PhoneNum02067622470
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SEATTLE INDUSTRY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SEAT
ReturnHeader/Filer/EIN0203812716
ReturnHeader/Filer/PhoneNum02067622470
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 81063
ReturnHeader/Filer/USAddress/CityNm0SEATTLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098108
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0911082950
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCCORKLE & ASSOCIATES CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0319 S 3RD ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RENTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098057
ReturnHeader/PreparerPersonGrp/PhoneNum04252286133
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT L MCCORKLE CPA
ReturnHeader/ReturnTs02025-10-10T17:19:57-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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