Civic Intelligence

Beacon Hill Merchants Association

990 • Fiscal year 2022 • EIN 45-0844084

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

PO Box 14059Seattle, WA 98114

(206) 271-5375

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

81st percentile

34%

Higher net margin than 81% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

97th percentile

$85,650

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 25.1% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

97th percentile

341%

Faster asset growth than 97% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

83rd percentile

95%

Faster revenue growth than 83% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$147,106

Up $113,718 (+341%) from 2021

Net Assets

Up

$147,106

Up $113,718 (+341%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$340,685

Up $165,953 (+95%) from 2021

Expenses

Up

$225,917

Up $55,298 (+32%) from 2021

Net Income

Up

$114,768

Up $110,655 (+2690%) from 2021

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2015: $10,545Liabilities 2015: $0Net Assets 2015: $10,5452015Assets 2016: $8,572Liabilities 2016: $0Net Assets 2016: $8,5722016Assets 2017: $19,416Liabilities 2017: $0Net Assets 2017: $19,4162017Assets 2018: $17,593Liabilities 2018: $0Net Assets 2018: $17,5932018Assets 2019: $11,888Liabilities 2019: $0Net Assets 2019: $11,8882019Assets 2020: $19,572Liabilities 2020: $0Net Assets 2020: $19,5722020Assets 2021: $33,388Liabilities 2021: $0Net Assets 2021: $33,3882021Assets 2022: $147,106Liabilities 2022: $0Net Assets 2022: $147,1062022Assets 2023: $8,435Liabilities 2023: $2,515Net Assets 2023: $5,9202023Assets 2024: $140,610Liabilities 2024: $5,811Net Assets 2024: $134,7992024

Highlighted filing

2022

Assets$147,106
Liabilities$0
Net Assets$147,106

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2015: $69,751Expenses 2015: $68,742Net Income 2015: $1,0092015Revenue 2016: $59,072Expenses 2016: $61,045Net Income 2016: -$1,9732016Revenue 2017: $93,690Expenses 2017: $88,430Net Income 2017: $5,2602017Revenue 2018: $66,294Expenses 2018: $68,117Net Income 2018: -$1,8232018Revenue 2019: $93,939Expenses 2019: $99,644Net Income 2019: -$5,7052019Revenue 2020: $133,784Expenses 2020: $126,100Net Income 2020: $7,6842020Revenue 2021: $174,732Expenses 2021: $170,619Net Income 2021: $4,1132021Revenue 2022: $340,685Expenses 2022: $225,917Net Income 2022: $114,7682022Revenue 2023: $245,489Expenses 2023: $387,522Net Income 2023: -$142,0332023Revenue 2024: $817,394Expenses 2024: $688,515Net Income 2024: $128,8792024

Highlighted filing

2022

Revenue$340,685
Expenses$225,917
Net Income$114,768
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$340,685
Mission and Program Overview

Mission

To promote equitable economic development in our neighborhood through community engagement, organizing, advocacy, networking and collaboration.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$8,021$119,180▲ $111,159
Cash and Non-Interest-Bearing Accounts$24,317$27,926▲ $3,609
Total Assets$32,338$147,106▲ $114,768
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$32,338$147,106▲ $114,768
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$32,338$147,106▲ $114,768
Total Liabilities and Net Assets / Fund Balance$32,338$147,106▲ $114,768
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
M Angela CastanedaDirectorPT$85,650$85,650
Joanne ChaTrustee-$1,033$1,033

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$330,096
Program Service Revenue
$10,403
Investment Income
$186
Other Revenue
$0
All Other Contributions
$74,996
Change in Net Assets
$114,768
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$128,324
Salaries, Compensation, and Employee Benefits$86,683
Total Fundraising Expense$13,221
Grants and Similar Amounts Paid$10,910
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$96,562--$96,562
Current Officers, Directors, Trustees, and Key Employees$60,987$12,848$12,848$86,683
Office Expenses$16,802$274$213$17,289
Fees for Services Accounting-$11,825-$11,825
Grants to Domestic Orgs$8,130--$8,130
Grants to Domestic Individuals$2,780--$2,780
Insurance$1,427$116$116$1,659
Other Expenses$0$360$0$360
Advertising$181$15$15$211
Total Functional Expenses$187,229$25,467$13,221$225,917
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sankofa Film SocietySeattle, WA-TO PRODUCE A SUMMER EDUCATIONAL FILM SCREENING SERIES: BLACK SUMMER FILM CAMP$8,130
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
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization is made up of members. Members elect the governing board. The executive board can provisionally approve new interim board members between official member votes at annual meetings.

Form 990, Part VI, Section A, Line 7A

Members elect the governing board.

Form 990, Part VI, Section A, Line 8B

Minutes are taken for board meetings, but not at the subcommittee level. No subcommittees have the authority to act on behalf of the entire board.

Form 990, Part VI, Section B, Line 11B

The 990 draft is prepared by the contract accountant and reviewed by the director. The draft of the 990 is sent to board members prior to filing.

Form 990, Part VI, Section B, Line 12C

During board meetings, there is a request for any awareness of conflicts and board members are expected to note any in an effort to maintain transparency in the organization's work.

Form 990, Part VI, Section B, Line 15

Research is done based on what similar organizations are paying their employees and contractors. Based on this research, the director's and other compensation is determined.

Form 990, Part VI, Section C, Line 19

The organization makes all governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Beacon Hill Merchants Association
EIN
45-0844084
Phone
2062715375
Address
PO BOX 14059, Seattle, WA 98114
Doing Business As
Beacon Business Alliance

Signing Officer

Name
M Angela Castaneda
Title
Director
Phone
2064591430
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
M Angela Castaneda
Formed
2011
Legal Domicile
Wa
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
15

Preparer

Firm
Catherine Muth
Address
7323 17th Avenue NW, Seattle, WA 98117
Preparer
Catherine Muth
Phone
2067951720
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Project contractors: program services: $96,562.

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IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt010403
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08021
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0119180
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0330096
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0174709
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0132857
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt093995
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt065284
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0796941
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0186
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt023
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0219
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt010403
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99973
IRS990ScheduleA/PublicSupportPY170Pct00.99994
IRS990ScheduleA/PublicSupportTotal170Amt0796941
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0330096
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0174709
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0132857
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt093995
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt065284
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0796941
IRS990ScheduleA/TotalSupportAmt0797160
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt08130
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PRODUCE A SUMMER EDUCATIONAL FILM SCREENING SERIES: BLACK SUMMER FILM CAMP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SANKOFA FILM SOCIETY
IRS990ScheduleI/RecipientTable/RecipientEIN0843840258
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03815 S OTHELLO ST STE 100-303
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SEATTLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd098118
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTEES ARE REQUIRED TO SUBMIT A LETTER OF REQUEST TO INITIATE A RELATIONSHIP WITH THE ORGANIZATION. INCLUDED IN THE LETTER ARE: A) NARRATIVE DESCRIBING THE PROJECT SCOPE, B) WORK PLAN (BIG PICTURE TIMELINE OF PROJECT MILESTONES AND PROJECTED COMPLETION DATE), AND C) A BUDGET TABLE SHOWING TOTAL PROJECT COST, INDICATION SOURCE OF FUNDS ATTACHED TO EACH COST (E.G. ADMIN/OPERATIONAL, LABOR, SUPLIES/MATERIALS, MARKETING, ETC). GRANTEE IS RESPONSIBLE TO PROFIDE THE ORGANIZATION WITH A DUPLICATE COPY OF A FINAL REPORTING PACKET, INCLUDING COPIES OF ALL RECEIPTS UPON PROJECT COMPLETION. GRANT FUNDS ARE PROVIDED TO GRANTEES ON A REIMBURSEMENT BASIS, ALLOWING THE ORGANIZATION THE OPPORTUNITY TO APPROVE ALL EXPENDITURES PRIOR TO PAYING OUT THE FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS MADE UP OF MEMBERS. MEMBERS ELECT THE GOVERNING BOARD. THE EXECUTIVE BOARD CAN PROVISIONALLY APPROVE NEW INTERIM BOARD MEMBERS BETWEEN OFFICIAL MEMBER VOTES AT ANNUAL MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MINUTES ARE TAKEN FOR BOARD MEETINGS, BUT NOT AT THE SUBCOMMITTEE LEVEL. NO SUBCOMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE ENTIRE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 DRAFT IS PREPARED BY THE CONTRACT ACCOUNTANT AND REVIEWED BY THE DIRECTOR. THE DRAFT OF THE 990 IS SENT TO BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DURING BOARD MEETINGS, THERE IS A REQUEST FOR ANY AWARENESS OF CONFLICTS AND BOARD MEMBERS ARE EXPECTED TO NOTE ANY IN AN EFFORT TO MAINTAIN TRANSPARENCY IN THE ORGANIZATION'S WORK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5RESEARCH IS DONE BASED ON WHAT SIMILAR ORGANIZATIONS ARE PAYING THEIR EMPLOYEES AND CONTRACTORS. BASED ON THIS RESEARCH, THE DIRECTOR'S AND OTHER COMPENSATION IS DETERMINED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROJECT CONTRACTORS: PROGRAM SERVICES: $96,562.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt032338
IRS990/TotalAssetsEOYAmt0147106
IRS990/TotalAssetsGrp/BOYAmt032338
IRS990/TotalAssetsGrp/EOYAmt0147106
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0330096
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013221
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025467
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0187229
IRS990/TotalFunctionalExpensesGrp/TotalAmt0225917
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt032338
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0147106
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0187229
IRS990/TotalProgramServiceRevenueAmt010403
IRS990/TotalReportableCompFromOrgAmt086683
IRS990/TotalRevenueGrp/ExclusionAmt0186
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010403
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0340685

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