Civic Intelligence

Sodo Business Improvement Area

990 • Fiscal year 2016 • EIN 47-1278728

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 16, 2017

270 S Hanford StreetSeattle, WA 98134

(206) 981-9877

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.89x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

60th percentile

0.14x

Higher debt load relative to revenue than 60% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Net Margin

39th percentile

1.1%

Higher net margin than 39% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

89th percentile

$83,097

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Asset Growth

63rd percentile

5.6%

Faster asset growth than 63% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

62nd percentile

6.9%

Faster revenue growth than 62% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$91,664

Up $4,843 (+5.6%) from 2015

Net Assets

Up

$9,794

Up $6,174 (+171%) from 2015

Liabilities

Down

$81,870

Down $1,331 (-1.6%) from 2015

Revenue

Up

$580,771

Up $37,564 (+6.9%) from 2015

Expenses

Up

$574,597

Up $32,320 (+6.0%) from 2015

Net Income

Up

$6,174

Up $5,244 (+564%) from 2015

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2014: $67,123Liabilities 2014: $64,4332014Assets 2015: $86,821Liabilities 2015: $83,201Net Assets 2015: $3,6202015Assets 2016: $91,664Liabilities 2016: $81,870Net Assets 2016: $9,7942016Assets 2017: $114,964Liabilities 2017: $98,622Net Assets 2017: $16,3422017Assets 2018: $118,870Liabilities 2018: $77,364Net Assets 2018: $41,5062018Assets 2019: $147,655Liabilities 2019: $79,603Net Assets 2019: $68,0522019Assets 2020: $191,395Liabilities 2020: $67,786Net Assets 2020: $123,6092020Assets 2021: $209,309Liabilities 2021: $88,206Net Assets 2021: $121,1032021Assets 2022: $488,902Liabilities 2022: $109,840Net Assets 2022: $379,0622022Assets 2023: $599,515Liabilities 2023: $83,584Net Assets 2023: $515,9312023Assets 2024: $712,284Liabilities 2024: $280,923Net Assets 2024: $431,3612024

Highlighted filing

2016

Assets$91,664
Liabilities$81,870
Net Assets$9,794

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $162,340Expenses 2014: $159,650Net Income 2014: $2,6902014Revenue 2015: $543,207Expenses 2015: $542,277Net Income 2015: $9302015Revenue 2016: $580,771Expenses 2016: $574,597Net Income 2016: $6,1742016Revenue 2017: $779,744Expenses 2017: $773,196Net Income 2017: $6,5482017Revenue 2018: $864,930Expenses 2018: $839,766Net Income 2018: $25,1642018Revenue 2019: $1,027,485Expenses 2019: $1,000,939Net Income 2019: $26,5462019Revenue 2020: $1,024,380Expenses 2020: $968,823Net Income 2020: $55,5572020Revenue 2021: $1,070,355Expenses 2021: $1,072,861Net Income 2021: -$2,5062021Revenue 2022: $1,569,704Expenses 2022: $1,311,745Net Income 2022: $257,9592022Revenue 2023: $2,046,812Expenses 2023: $1,909,943Net Income 2023: $136,8692023Revenue 2024: $2,290,008Expenses 2024: $2,374,578Net Income 2024: -$84,5702024

Highlighted filing

2016

Revenue$580,771
Expenses$574,597
Net Income$6,174
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 16, 2017
Return Version
2016v3.0
Gross Receipts
$580,771
Mission and Program Overview

Mission

To enhance transportation, safety, and cleanliness for the benefit of property owners, tenants, businesses, patrons and employees of the SODO area of Seattle.

To enhance transportation, safety, and cleanliness for the benefit of property owners, tenants, businesses, patrons, and employees of the SODO area of Seattle.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$59,205$63,748▲ $4,543
Cash and Non-Interest-Bearing Accounts$24,934$25,523▲ $589
Prepaid Expenses and Deferred Charges$2,200$2,200→ $0
Land, Buildings, and Equipment, Net$482$193▼ $289
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$86,821$91,664▲ $4,843
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$83,201$81,870▼ $1,331
Total Liabilities$83,201$81,870▼ $1,331
Net Assets / Fund Balance
Unrestricted Net Assets$3,620$9,794▲ $6,174
Total Net Assets Fund Balance$3,620$9,794▲ $6,174
Total Liabilities and Net Assets / Fund Balance$86,821$91,664▲ $4,843

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$193$771$964
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Erin GoodmanExecutive DirectorFT$77,701$5,396$83,097

Board Members and Trustees

NameTitle
Angi DavisPresident
Todd BiesoldVice President
Andre LuceroDirector
Bill LowDirector
Darrell SandersDirector
David HuchthausenDirector
Effie GleasonDirector
Michael ScruggsDirector
Sally del FierroDirector
Kima YandellSecretary
Bert CehovetTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Seattle Police DepartmentSecurity610 5th Ave, Seattle, WA 98124$209,171
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$580,484
Investment Income
$12
Other Revenue
$275
Change in Net Assets
$6,174
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$473,249
Salaries, Compensation, and Employee Benefits$101,348
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$74,858$8,318-$83,176
Fees for Services Other$47,031$23,395-$70,426
Occupancy-$12,030-$12,030
Other Salaries and Wages$5,565$4,553-$10,118
Office Expenses$861$8,609-$9,470
Payroll Taxes$6,896$1,158-$8,054
Conferences and Meetings$4,302$2,228-$6,530
Travel$1,628$3,306-$4,934
Fees for Services Accounting-$3,609-$3,609
Insurance-$2,750-$2,750
Information Technology-$2,491-$2,491
Other Expenses$769$1,354-$2,123
All Other Expenses$1,564$486-$2,050
Advertising-$1,533-$1,533
Depreciation Depletion-$289-$289
Fees for Services Legal-$81-$81
Total Functional Expenses$492,931$81,666$0$574,597
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 is presented to the entire Board of Directors electronically for review at the Board meeting before it is filed with the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

At the beginning of each year, Board Members are asked to review and sign an updated conflict of interest form.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Incorporating and Governing documents are on the website. Financial documents are available upon request.

Filing and Contact Details

Filer

Filer Name
SODO Business Improvement Area
EIN
47-1278728
Phone
2069819877
Address
270 S Hanford Street, Seattle, WA 98134

Signing Officer

Name
Todd Biesold
Title
President
Signed
2017-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erin Goodman
Formed
2014
Legal Domicile
Wa
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
11

Preparer

Firm
Jones & Associates LLC CPAS
Address
1701 NE 104th Street, Seattle, WA 98125-7646
Preparer
Judy C Jones CPA
Phone
2065255170
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: ADVOCATE: Increase communication and interaction within SODO so that the BIA most effectively represents the interests and executes the priorities of SODO BIA Business and property owners. Leverage influence and investments to improve the conditions of the district for commerce to thrive in SODO.

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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To enhance transportation, safety, and cleanliness for the benefit of property owners, tenants, businesses, patrons, and employees of the SODO area of Seattle.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03620
IRS990/NetAssetsOrFundBalancesEOYAmt09794
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt012030
IRS990/OccupancyGrp/TotalAmt012030
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08609
IRS990/OfficeExpensesGrp/ProgramServicesAmt0861
IRS990/OfficeExpensesGrp/TotalAmt09470
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Security Services
IRS990/OtherExpensesGrp/Desc1Waste Management
IRS990/OtherExpensesGrp/Desc2Printing and Publications
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05476
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11354
IRS990/OtherExpensesGrp/ProgramServicesAmt0257456
IRS990/OtherExpensesGrp/ProgramServicesAmt186067
IRS990/OtherExpensesGrp/ProgramServicesAmt25934
IRS990/OtherExpensesGrp/ProgramServicesAmt3769
IRS990/OtherExpensesGrp/TotalAmt0257456
IRS990/OtherExpensesGrp/TotalAmt186067
IRS990/OtherExpensesGrp/TotalAmt211410
IRS990/OtherExpensesGrp/TotalAmt32123
IRS990/OtherRevenueMiscGrp/BusinessCd0812900
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueMiscGrp/ExclusionAmt0275
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0275
IRS990/OtherRevenueTotalAmt0275
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04553
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05565
IRS990/OtherSalariesAndWagesGrp/TotalAmt010118
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01158
IRS990/PayrollTaxesGrp/ProgramServicesAmt06896
IRS990/PayrollTaxesGrp/TotalAmt08054
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02200
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02200
IRS990/PrincipalOfficerNm0Erin Goodman
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Program service revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0580484
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0580484
IRS990/ProgSrvcAccomActy2Grp/Desc0CLEAN SODO: Contracted for services to maintain a clean environment for SODO employees. 2016 services includes contract with Seattle Sweepers to sweep SODO streets every 2 weeks and a contract with the Northwest Center to conduct two full district sidewalk cleanings including illegal dumping removal. Additionally, we provide dumpsters and porta-potties for all Seahawks home games for the benefit of visiting sports fans and neighboring businesses. Supported graffiti prevention through funding for public art along the SODO Track.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0102031
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0120153
IRS990/ProgSrvcAccomActy3Grp/Desc0ADVOCATE: Increase communication and interaction within SODO so that the BIA most effectively represents the interests and executes the priorities of SODO BIA Business and property owners. Leverage influence and investments to improve the conditions of the district for commerce to thrive in SODO.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt066373
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt078162
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt09
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0453096
IRS990/PYProgramServiceRevenueAmt0543198
IRS990/PYRevenuesLessExpensesAmt0930
IRS990/PYSalariesCompEmpBnftPaidAmt089181
IRS990/PYTotalExpensesAmt0542277
IRS990/PYTotalRevenueAmt0543207
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt06174
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0342449
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0193
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0771
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0964
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0193
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: ADVOCATE: Increase communication and interaction within SODO so that the BIA most effectively represents the interests and executes the priorities of SODO BIA Business and property owners. Leverage influence and investments to improve the conditions of the district for commerce to thrive in SODO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is presented to the entire Board of Directors electronically for review at the Board meeting before it is filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2At the beginning of each year, Board Members are asked to review and sign an updated conflict of interest form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Incorporating and Governing documents are on the website. Financial documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt086821
IRS990/TotalAssetsEOYAmt091664
IRS990/TotalAssetsGrp/BOYAmt086821
IRS990/TotalAssetsGrp/EOYAmt091664
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt081666
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0492931
IRS990/TotalFunctionalExpensesGrp/TotalAmt0574597
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt083201
IRS990/TotalLiabilitiesEOYAmt081870
IRS990/TotalLiabilitiesGrp/BOYAmt083201
IRS990/TotalLiabilitiesGrp/EOYAmt081870
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03620
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09794
IRS990/TotalOtherCompensationAmt05396
IRS990/TotalOtherProgSrvcExpenseAmt033729
IRS990/TotalOtherProgSrvcRevenueAmt039720
IRS990/TotalProgramServiceExpensesAmt0492931
IRS990/TotalProgramServiceRevenueAmt0580484
IRS990/TotalReportableCompFromOrgAmt077701
IRS990/TotalRevenueGrp/ExclusionAmt0287
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0580484

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