Civic Intelligence

Seattle Milk Fund Inc

990 • Fiscal year 2017 • EIN 91-0619698

May 01, 2016 to Apr 30, 2017 • Filed on Feb 28, 2018

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

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

29th percentile

0.03x

Higher debt load relative to revenue than 29% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

3rd percentile

-93%

Higher net margin than 3% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

59th percentile

$79,184

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 29.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

25th percentile

-3.2%

Faster asset growth than 25% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-54%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$2,751,059

Down $91,461 (-3.2%) from 2016

Net Assets

Down

$2,743,674

Down $71,900 (-2.6%) from 2016

Liabilities

Down

$7,385

Down $19,561 (-73%) from 2016

Revenue

Down

$266,272

Down $316,063 (-54%) from 2016

Expenses

Up

$514,827

Up $16,583 (+3.3%) from 2016

Net Income

Down

-$248,555

Down $332,646 (-396%) from 2016

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

2017

Assets$2,751,059
Liabilities$7,385
Net Assets$2,743,674

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

2017

Revenue$266,272
Expenses$514,827
Net Income-$248,555
Jump To
Filing Snapshot
Filing Period
May 1, 2016 to Apr 30, 2017
Signed
Feb 28, 2018
Return Version
2016v3.1
Gross Receipts
$1,589,467
Mission and Program Overview

Mission

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

The seattle milk fund is empowering parents toward higher education opportunities by funding childcare grants and providing family support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,327,331$2,376,978▲ $49,647
Land, Buildings, and Equipment, Net$230,801$222,113▼ $8,688
Cash and Non-Interest-Bearing Accounts$276,310$129,856▼ $146,454
Prepaid Expenses and Deferred Charges$1,537$10,187▲ $8,650
Inventories for Sale or Use$1,758$8,542▲ $6,784
Intangible Assets$4,783$3,383▼ $1,400
Total Assets$2,842,520$2,751,059▼ $91,461
Liabilities
Accounts Payable and Accrued Expenses$26,946$7,385▼ $19,561
Total Liabilities$26,946$7,385▼ $19,561
Net Assets / Fund Balance
Unrestricted Net Assets$2,815,574$2,743,674▼ $71,900
Total Net Assets Fund Balance$2,815,574$2,743,674▼ $71,900
Total Liabilities and Net Assets / Fund Balance$2,842,520$2,751,059▼ $91,461

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$143,403$150,258$293,661
Land$76,317-$76,317
Equipment$2,393$27,415$29,808

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$2,157,554-▲ $173,216$105,211$2,207,130
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Inga PaigeExecutive DiPT$79,184$79,184

Board Members and Trustees

NameTitle
Terry DessertPresident
Carol WollenbergTrustee
Helen UriTrustee
Jane PedersenTrustee
Kay GullbergTrustee
Linda EckhartTrustee
Linda WilliamsTrustee
Lynn MurphyTrustee
Sue TongTrustee
Margaret SkinnerExecutive Di
Wanda UrquhartSecretary
Ross DessertTreasurer
Paula WhithamVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$256,773
Program Service Revenue
$0
Investment Income
$-3,140
Other Revenue
$12,639
All Other Contributions
$244,712
Change in Net Assets
$-248,555

Audited Revenue Reconciliation

Revenue per Audited Statements
$251,534
Revenue Not Reported on Financial Statements
$14,738
Revenue Not Reported on Form 990
$239,540
Other Revenue Adjustments
$-3,853
Total Revenue per Audited Statements
$491,074
Total Revenue per Form 990
$266,272
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$256,777
Other Expenses$137,138
Salaries, Compensation, and Employee Benefits$120,912
Total Fundraising Expense$64,978
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$256,777--$256,777
Current Officers, Directors, Trustees, and Key Employees$30,806$21,808$19,558$72,172
Fees for Services Accounting$12,669$29,851$3,831$46,351
Other Salaries and Wages$2,654$17,818$18,841$39,313
Fees for Service Investment Mgmnt Fees-$18,591-$18,591
Depreciation Depletion-$10,087-$10,087
Payroll Taxes$2,646$3,139$3,642$9,427
Occupancy$2,967$3,695$2,291$8,953
Office Expenses$2,416$4,282$1,508$8,206
Information Technology$1,490$2,389$3,807$7,686
Insurance$3,020$1,457$421$4,898
Other Expenses$855$1,066$991$2,912
All Other Expenses$22$2,779$11$2,812
Advertising$135$193$1,641$1,969
Conferences and Meetings-$145-$145
Total Functional Expenses$332,086$117,763$64,978$514,827

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$562,974
Total Expenses per Form 990$514,827
Expenses per Audited Statements$496,236
Expenses Not Reported on Form 990$66,738
Expenses Not Reported on Financial Statements$18,591
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,463
Fundraising Direct Expenses$24,886
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefits Lunche$20,145$20,145$237$19,908
Cookiefest$11,652-$1,567-
Total Events$43,042$31,233$19,883$11,350
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 2

Terry dessert ross dessert president vp family relationship - spousal

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 prior to filing.

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

The 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 the conflict of interest policy. Board meeting minutes note any disclosures or discussions.

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

The executive 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
Terry Dessert
Title
President
Phone
2065267944
Signed
2018-02-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Dessert
Formed
1907
Legal Domicile
Wa
Voting Board Members
13
Independent Board Members
13
Employees
3
Volunteers
150

Preparer

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

Additional Explanations

Form 990, Part XI, Line 9

Audit period in excess of reporting period 69,026 net profit for excess reporting period -6,141 product sales expenses 3,853 product sales expenses -3,853 audit period in excess of reporting period -62,885

Financial Statement Notes

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

Audit period in excess of reporting period 69,026 net profit for excess reporting period -6,141

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

Product sales expenses -3,853

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

Product sales expenses 3,853 audit period in excess of reporting period 62,885

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IRS990/InsuranceGrp/FundraisingAmt0421
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IRS990/NoncashContributionsAmt022787
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IRS990/OfficeExpensesGrp/FundraisingAmt01508
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04282
IRS990/OfficeExpensesGrp/ProgramServicesAmt02416
IRS990/OfficeExpensesGrp/TotalAmt08206
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/Desc2FUNDRAISING EXPENSES
IRS990/OtherExpensesGrp/Desc3TELEPHONE AND INTERNET
IRS990/OtherExpensesGrp/FundraisingAmt05483
IRS990/OtherExpensesGrp/FundraisingAmt12953
IRS990/OtherExpensesGrp/FundraisingAmt2991
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1247
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21066
IRS990/OtherExpensesGrp/ProgramServicesAmt015563
IRS990/OtherExpensesGrp/ProgramServicesAmt166
IRS990/OtherExpensesGrp/ProgramServicesAmt2855
IRS990/OtherExpensesGrp/TotalAmt015563
IRS990/OtherExpensesGrp/TotalAmt15765
IRS990/OtherExpensesGrp/TotalAmt23200
IRS990/OtherExpensesGrp/TotalAmt32912
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt018841
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt017818
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02654
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IRS990/PartialLiquidationInd0false
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IRS990/PayrollTaxesGrp/ProgramServicesAmt02646
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrincipalOfficerNm0TERRY DESSERT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0335214
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0242216
IRS990/PYInvestmentIncomeAmt0127590
IRS990/PYOtherExpensesAmt0106150
IRS990/PYOtherRevenueAmt0119531
IRS990/PYRevenuesLessExpensesAmt084091
IRS990/PYSalariesCompEmpBnftPaidAmt0149878
IRS990/PYTotalExpensesAmt0498244
IRS990/PYTotalRevenueAmt0582335
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-248555
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt015000
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt019800
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt018011
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt085311
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0256773
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0335214
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0491966
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0319376
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt076019
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt053959
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt032463
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt08915
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt08622
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IRS990ScheduleA/InvestmentIncomePYPct00.17000
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt019800
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt018011
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0619266
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0421913
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0368322
IRS990ScheduleA/Total509Grp/TotalAmt02235564
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0374170
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02689940
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0143403
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0150258
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0293661
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt018429

Document Assets

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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
2017Detailed filing. Detailed filing data is available for this year.$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