Civic Intelligence

Seattle Milk Fund Inc

990 • Fiscal year 2016 • EIN 91-0619698

May 01, 2015 to Apr 30, 2016 • Filed on Oct 15, 2016

1130 N Northgate WaySeattle, WA 98133-8914

(206) 526-7944

Siviq Scores

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

Liabilities / Assets

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

35th percentile

0.05x

Higher debt load relative to revenue than 35% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

75th percentile

14%

Higher net margin than 75% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

55th percentile

$72,685

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 12.5% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

24th percentile

-4.2%

Faster asset growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

17th percentile

-18%

Faster revenue growth than 17% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,842,520

Down $124,821 (-4.2%) from 2015

Net Assets

Down

$2,815,574

Down $139,589 (-4.7%) from 2015

Liabilities

Up

$26,946

Up $14,768 (+121%) from 2015

Revenue

Down

$582,335

Down $124,090 (-18%) from 2015

Expenses

Down

$498,244

Down $24,020 (-4.6%) from 2015

Net Income

Down

$84,091

Down $100,070 (-54%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,647,463Liabilities 2011: $27,334Net Assets 2011: $2,620,1292011Assets 2012: $2,882,887Liabilities 2012: $23,161Net Assets 2012: $2,859,7262012Assets 2013: $2,855,288Liabilities 2013: $16,677Net Assets 2013: $2,838,6112013Assets 2014: $2,829,441Liabilities 2014: $13,842Net Assets 2014: $2,815,5992014Assets 2015: $2,967,341Liabilities 2015: $12,178Net Assets 2015: $2,955,1632015Assets 2016: $2,842,520Liabilities 2016: $26,946Net Assets 2016: $2,815,5742016Assets 2017: $2,751,059Liabilities 2017: $7,385Net Assets 2017: $2,743,6742017Assets 2018: $3,425,852Liabilities 2018: $13,114Net Assets 2018: $3,412,7382018Assets 2019: $3,247,352Liabilities 2019: $31,409Net Assets 2019: $3,215,9432019Assets 2020: $3,080,148Liabilities 2020: $17,090Net Assets 2020: $3,063,0582020Assets 2021: $3,352,619Liabilities 2021: $18,427Net Assets 2021: $3,334,1922021Assets 2022: $2,299,215Liabilities 2022: $23,107Net Assets 2022: $2,276,1082022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2016

Assets$2,842,520
Liabilities$26,946
Net Assets$2,815,574

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2011: $1,679,932Expenses 2011: $496,367Net Income 2011: $1,183,5652011Expenses 2012: $550,0152012Expenses 2013: $530,3952013Revenue 2014: $458,898Expenses 2014: $500,456Net Income 2014: -$41,5582014Revenue 2015: $706,425Expenses 2015: $522,264Net Income 2015: $184,1612015Revenue 2016: $582,335Expenses 2016: $498,244Net Income 2016: $84,0912016Revenue 2017: $266,272Expenses 2017: $514,827Net Income 2017: -$248,5552017Revenue 2018: $1,081,208Expenses 2018: $468,071Net Income 2018: $613,1372018Revenue 2019: $712,673Expenses 2019: $737,067Net Income 2019: -$24,3942019Revenue 2020: $633,257Expenses 2020: $811,284Net Income 2020: -$178,0272020Revenue 2021: $431,326Expenses 2021: $803,512Net Income 2021: -$372,1862021Revenue 2022: $364,521Expenses 2022: $898,561Net Income 2022: -$534,0402022Revenue 2023: $475,200Expenses 2023: $2,751,308Net Income 2023: -$2,276,1082023

Highlighted filing

2016

Revenue$582,335
Expenses$498,244
Net Income$84,091
Jump To
Filing Snapshot
Filing Period
May 1, 2015 to Apr 30, 2016
Signed
Oct 15, 2016
Return Version
2015v2.1
Gross Receipts
$721,327
Mission and Program Overview

Mission

Connecting families to educational opportunites that build financial stability and create generational change.

The seattle milk fund builds stronger communities through access to education, childcare and temporary basic needs; empowering families to achieve self-sufficiency.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,513,512$2,327,331▼ $186,181
Cash and Non-Interest-Bearing Accounts$210,766$276,310▲ $65,544
Land, Buildings, and Equipment, Net$233,389$230,801▼ $2,588
Intangible Assets$6,183$4,783▼ $1,400
Inventories for Sale or Use$1,758$1,758→ $0
Prepaid Expenses and Deferred Charges$1,733$1,537▼ $196
Total Assets$2,967,341$2,842,520▼ $124,821
Liabilities
Accounts Payable and Accrued Expenses$12,178$26,946▲ $14,768
Total Liabilities$12,178$26,946▲ $14,768
Net Assets / Fund Balance
Unrestricted Net Assets$2,955,163$2,815,574▼ $139,589
Total Net Assets Fund Balance$2,955,163$2,815,574▼ $139,589
Total Liabilities and Net Assets / Fund Balance$2,967,341$2,842,520▼ $124,821

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$150,339$143,322$293,661
Land$76,317-$76,317
Equipment$4,145$25,663$29,808

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$2,343,818-▼ $78,186$90,000$2,157,554
2014$2,298,383-▲ $114,760$50,000$2,343,818
2013$2,303,095-▲ $121,211$107,125$2,298,383
2012$2,213,304$92▲ $200,820$92,100$2,303,095
2011$1,924,457$239,623▲ $123,820$60,628$2,213,304
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Inga PaigeExecutive DiFT$72,685$72,685

Board Members and Trustees

NameTitle
Carol WollenbergPresident
Bonnie MeyersTrustee
Carolyn BakerTrustee
Esther RossTrustee
Helen UriTrustee
Jennie RogersTrustee
Joy GoodenoughTrustee
Linda WilliamsTrustee
Lynn MurphyTrustee
Sue TongTrustee
Terry DessertTrustee
Jane PedersenSecretary
Sara HarveyTreasurer
Eileen CarneyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$335,214
Program Service Revenue
$0
Investment Income
$127,590
Other Revenue
$119,531
All Other Contributions
$335,214
Change in Net Assets
$84,091

Audited Revenue Reconciliation

Revenue per Audited Statements
$568,830
Revenue Not Reported on Financial Statements
$13,505
Revenue Not Reported on Form 990
$-205,620
Other Revenue Adjustments
$-4,555
Total Revenue per Audited Statements
$363,210
Total Revenue per Form 990
$582,335
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$242,216
Salaries, Compensation, and Employee Benefits$149,878
Other Expenses$106,150
Total Fundraising Expense$29,521
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$242,216--$242,216
Current Officers, Directors, Trustees, and Key Employees$44,051$24,962$4,405$73,418
Other Salaries and Wages$39,049$22,711$3,774$65,534
Fees for Services Accounting$14,839$5,451$304$20,594
Occupancy$11,607$3,654$1,350$16,611
Advertising$1,370$2,081$11,131$14,582
Office Expenses$4,041$3,148$4,330$11,519
Payroll Taxes$6,624$3,621$681$10,926
Depreciation Depletion-$9,771-$9,771
Insurance$4,203$1,185-$5,388
Information Technology$3,660$1,063$207$4,930
Other Expenses$1,223$790$2,258$2,258
All Other Expenses$217$79$147$443
Conferences and Meetings-$124-$124
Total Functional Expenses$389,386$79,337$29,521$498,244

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$502,799
Expenses per Audited Statements$498,244
Total Expenses per Form 990$498,244
Expenses Not Reported on Form 990$4,555
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$184,076
Fundraising Direct Expenses$68,612
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Main Event$139,833$139,833$17,697$122,136
Annual Luncheon$39,806$39,806$1,444$38,362
Total Events$179,639$179,639$63,772$115,867
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
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
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, Page 6, Part VI, Line 7A

Application for membership shall be open to individuals who support the purpose statement in article i, section 2. Membership is granted after completion and receipt of a membership allocation and annual dues.

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

Form 990 is reviewed by the organization's board of directors before filing.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest policy was approved by the board of trustees on 3/30/10. Every september board members, new and old, sign their job description and conflict of interest policy. Board meeting minutes note any disclosures or discussions.

Form 990, Page 6, Part VI, Line 15A

The exeutive director's salary is evaluated by the executive committee based on the united way salary guide.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Seattle Milk Fund Inc
EIN
91-0619698
Phone
2065267944
Address
1130 N NORTHGATE WAY, SEATTLE, WA 98133-8914

Signing Officer

Name
Carol Wollenberg
Title
President
Phone
2065267944
Signed
2016-10-15

Organization Details

Principal Officer
Carol Wollenberg
Formed
1907
Legal Domicile
Wa
Voting Board Members
14
Independent Board Members
14
Employees
3
Volunteers
175

Preparer

Firm
GREENWOOD OHLUND & CO LLP CPA'S
Address
4241 21ST AVE W 400, SEATTLE, WA 98199
Preparer
Debbie Stewart CPA
Phone
2067821767
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Product sales expenses 4,555 product sales expenses -4,555

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Product sales expenses -4,555

Schedule D, Page 4, Part XII, Line 2D

Product sales expenses 4,555

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IRS990/MissionDesc0THE SEATTLE MILK FUND BUILDS STRONGER COMMUNITIES THROUGH ACCESS TO EDUCATION, CHILDCARE AND TEMPORARY BASIC NEEDS; EMPOWERING FAMILIES TO ACHIEVE SELF-SUFFICIENCY.
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IRS990/PrincipalOfficerNm0CAROL WOLLENBERG
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0491966
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IRS990/PYGrantsAndSimilarPaidAmt0299520
IRS990/PYInvestmentIncomeAmt0140273
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IRS990/PYRevenuesLessExpensesAmt0184161
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IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt084091
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt019800
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0122242
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt097620
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt07000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt082311
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/TotalAmt02211688
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt0150339
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0143322
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0293661

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.48$2.75$2.28
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.30$0.02$2.28$0.36$0.90$0.53
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.35$0.02$3.33$0.43$0.80$0.37
2020Detailed filing. Detailed filing data is available for this year.$3.08$0.02$3.06$0.63$0.81$0.18
2019Detailed filing. Detailed filing data is available for this year.$3.25$0.03$3.22$0.71$0.74$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.43$0.01$3.41$1.08$0.47$0.61
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.75$0.01$2.74$0.27$0.51$0.25
2016Detailed filing. Detailed filing data is available for this year.$2.84$0.03$2.82$0.58$0.50$0.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.97$0.01$2.96$0.71$0.52$0.18
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.83$0.01$2.82$0.46$0.50$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.86$0.02$2.84$0.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.88$0.02$2.86$0.55
2011Summary only. Only limited summary data is available for this year.$2.65$0.03$2.62$1.68$0.50$1.18
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $1M-$5M nonprofits