Civic Intelligence

Seattle Industry Foundation

990EZ • Fiscal year 2023 • EIN 20-3812716

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 05, 2024

PO Box 81063Seattle, WA 98108

(206) 762-2470

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

61st percentile

9.6%

Higher net margin than 61% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

88th percentile

67%

Faster asset growth than 88% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

96th percentile

278%

Faster revenue growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$25,790

Up $10,390 (+67%) from 2022

Net Assets

Up

$25,790

Up $10,910 (+73%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$113,520

Up $83,520 (+278%) from 2022

Expenses

Up

$102,610

Up $68,060 (+197%) from 2022

Net Income

Up

$10,910

Up $15,460 (+340%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2023

Assets$25,790
Liabilities-
Net Assets$25,790

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$113,520
Expenses$102,610
Net Income$10,910
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 5, 2024
Return Version
2023v5.0
Gross Receipts
$113,520
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.

Program Services

DescriptionGrantsExpenses
PROVIDES STUDENTS ACROSS WASHINGTON STATE HANDS-ON LEARNING AND TRANSFERABLE SKILLS THAT LEAD TO VARIOUS CAREER PATHWAYS IN AEROSPACE, CONSTRUCTION AND MARITIME.$100,500$203,110
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
WARREN AAKERVIKTreasurer-$0--
JAMES D GERINGExecutive Di-$0--
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
2024-11-05
Discuss with paid preparer
Yes

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-ez, Part I, Line 10

Name: manufacturing industrial council address: po box 81063 seattle, wa 98108 cash contribution: 100,500

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 520 0

Form 990-ez, Part III

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.

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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/ExplanationTxt0NAME: MANUFACTURING INDUSTRIAL COUNCIL ADDRESS: PO BOX 81063 SEATTLE, WA 98108 CASH CONTRIBUTION: 100,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS PAYABLE AND ACCRUED EXPENSES 520 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT L MCCORKLE CPA
ReturnHeader/ReturnTs02024-11-14T19:31:06-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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