Civic Intelligence

Frolic Institute

EIN 87-3048731 • 501(c)3 • Kirkland, WA

Profile

To support the development of affordable cooperative housing in seattle and other communities.

14070 117th Pl NEKirkland, WA 98034

www.frolic.community

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

5th percentile

-389%

Higher net margin than 5% 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

13th percentile

-83%

Faster asset growth than 13% of similar nonprofits.

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

Revenue Growth

94th percentile

160%

Faster revenue growth than 94% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$10,072

Down $50,523 (-83%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$10,072

Down $50,523 (-83%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin5th percentile

Revenue

Up

$13,003

Up $7,994 (+160%) from 2023

Expenses

Down

$63,526

Down $109,803 (-63%) from 2023

Net Income

Up

-$50,523

Up $117,797 (+70%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth13th percentile

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

$300K$200K$100K$0Assets 2022: $228,915Liabilities 2022: $0Net Assets 2022: $228,9152022Assets 2023: $60,595Liabilities 2023: $0Net Assets 2023: $60,5952023Assets 2024: $10,072Liabilities 2024: $0Net Assets 2024: $10,0722024

Highlighted filing

2024

Assets$10,072
Liabilities$0
Net Assets$10,072
Open 2024 Filing

Operations Trend

Revenue Growth94th percentile

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

$300K$200K$100K$0-$100K-$200KRevenue 2022: $230,321Expenses 2022: $1,406Net Income 2022: $228,9152022Revenue 2023: $5,009Expenses 2023: $173,329Net Income 2023: -$168,3202023Revenue 2024: $13,003Expenses 2024: $63,526Net Income 2024: -$50,5232024

Highlighted filing

2024

Revenue$13,003
Expenses$63,526
Net Income-$50,523
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$10,072
Liabilities
$0
Net assets
$10,072
Revenue
$13,003
Expenses
$63,526
Net income
-$50,523
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.13$0.64$0.51
2023Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$0.05$1.73$1.68
2022Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.29$2.30$0.01$2.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 4, 2025
Return Version
2024v5.0
Gross Receipts
$13,003
Mission and Program Overview

Mission

To support the development of affordable cooperative housing in seattle and other communities.

Program Services

DescriptionGrantsExpenses
TO SUPPORT THE DEVELOPMENT OF AFFORDABLE COOPERATIVE HOUSING IN SEATTLE AND OTHER COMMUNITIES.$0$55,000
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOSHUA MORRISONPresident-$0--
TAMARA KNOXDirector-$0--
Filing and Contact Details

Filer

Filer Name
Frolic Institute
EIN
87-3048731
Phone
9492758101
Address
14070 117TH PL NE, KIRKLAND, WA 98034

Signing Officer

Name
Joshua Morrison
Title
President
Phone
9492758101
Signed
2025-03-04
Discuss with paid preparer
Yes

Preparer

Firm
Moss Adams Llp
Address
601 W RIVERSIDE AVENUE STE 1800, SPOKANE, WA 99201
Preparer
Emina O Cresswell CPA
Phone
5097472600
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: interest earned. Amount: 503.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: licenses and permits . Amount: 285.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: credit card. Beg. Of year amount: 1,097. End of year amount: 1,097.”

Raw XML Appendix149 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum02065169848
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SEATTLE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd098118
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt059498
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt08975
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IRS990EZ/InfoInScheduleOPartIIIInd0X
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IRS990EZ/InvestmentIncomeAmt0503
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt060595
IRS990EZ/NetAssetsOrFundBalancesEOYAmt010072
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt060595
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt010072
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt01097
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0285
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO SUPPORT THE DEVELOPMENT OF AFFORDABLE COOPERATIVE HOUSING IN SEATTLE AND OTHER COMMUNITIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO SUPPORT THE DEVELOPMENT OF AFFORDABLE COOPERATIVE HOUSING IN SEATTLE AND OTHER COMMUNITIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt055000
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SchoolOperatingInd00
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IRS990EZ/TanningServicesProvidedInd00
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IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt063526
IRS990EZ/TotalProgramServiceExpensesAmt055000
IRS990EZ/TotalRevenueAmt013003
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.FROLIC.COMMUNITY
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt012500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0683
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0230000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0243183
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0503
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03214
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0321
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04038
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0503
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04038
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01112
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01112
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0243183
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt012500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0683
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0230000
IRS990ScheduleA/Total509Grp/TotalAmt0243183
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt013003
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt05009
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0230321
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0248333
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST EARNED. AMOUNT: 503.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: CREDIT CARD. BEG. OF YEAR AMOUNT: 1,097. END OF YEAR AMOUNT: 1,097.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSHUA MORRISON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09492758101
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FROLIC INSTITUTE
ReturnHeader/Filer/BusinessNameControlTxt0FROL
ReturnHeader/Filer/EIN0873048731
ReturnHeader/Filer/PhoneNum09492758101
ReturnHeader/Filer/USAddress/AddressLine1Txt014070 117TH PL NE
ReturnHeader/Filer/USAddress/CityNm0KIRKLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098034
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0910189318
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0601 W RIVERSIDE AVENUE STE 1800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SPOKANE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd099201
ReturnHeader/PreparerPersonGrp/PhoneNum05097472600
ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EMINA O CRESSWELL CPA
ReturnHeader/ReturnTs02025-03-12T13:01:18-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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