Civic Intelligence

Sound Generations (Agency Excluding Senior Centers)

990 • Fiscal year 2021 • EIN 91-0823767

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 20, 2022

2208 Second AvenueSeattle, WA 98121

(206) 448-5757

Siviq Scores

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

Liabilities / Assets

68th percentile

0.37x

Higher debt load relative to assets than 68% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

63rd percentile

0.37x

Higher debt load relative to revenue than 63% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

64th percentile

20%

Higher net margin than 64% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

65th percentile

$218,170

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

79th percentile

27%

Faster asset growth than 79% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

52nd percentile

13%

Faster revenue growth than 52% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$19,207,397

Up $4,060,857 (+27%) from 2020

Net Assets

Up

$12,073,486

Up $4,875,161 (+68%) from 2020

Liabilities

Down

$7,133,911

Down $814,304 (-10%) from 2020

Revenue

Up

$19,430,368

Up $2,306,448 (+13%) from 2020

Expenses

Up

$15,594,324

Up $442,702 (+2.9%) from 2020

Net Income

Up

$3,836,044

Up $1,863,746 (+94%) from 2020

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $11,500,102Liabilities 2010: $3,524,910Net Assets 2010: $7,975,1922010Assets 2011: $13,091,739Liabilities 2011: $3,510,674Net Assets 2011: $9,581,0652011Assets 2012: $14,417,352Liabilities 2012: $3,019,269Net Assets 2012: $11,398,0832012Assets 2013: $15,903,564Liabilities 2013: $2,682,235Net Assets 2013: $13,221,3292013Assets 2014: $17,124,670Liabilities 2014: $3,097,921Net Assets 2014: $14,026,7492014Assets 2015: $16,943,697Liabilities 2015: $4,119,095Net Assets 2015: $12,824,6022015Assets 2016: $8,482,607Liabilities 2016: $4,184,666Net Assets 2016: $4,297,9412016Assets 2017: $7,337,849Liabilities 2017: $2,818,926Net Assets 2017: $4,518,9232017Assets 2018: $6,724,907Liabilities 2018: $2,407,026Net Assets 2018: $4,317,8812018Assets 2019: $10,523,753Liabilities 2019: $5,755,336Net Assets 2019: $4,768,4172019Assets 2020: $15,146,540Liabilities 2020: $7,948,215Net Assets 2020: $7,198,3252020Assets 2021: $19,207,397Liabilities 2021: $7,133,911Net Assets 2021: $12,073,4862021Assets 2022: $18,876,442Liabilities 2022: $8,698,708Net Assets 2022: $10,177,7342022Assets 2023: $19,289,284Liabilities 2023: $8,319,359Net Assets 2023: $10,969,9252023Assets 2024: $20,132,181Liabilities 2024: $8,211,718Net Assets 2024: $11,920,4632024

Highlighted filing

2021

Assets$19,207,397
Liabilities$7,133,911
Net Assets$12,073,486

Operations Trend

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

$20M$10M$0-$10MExpenses 2010: $9,481,9962010Expenses 2011: $8,683,2912011Expenses 2012: $8,514,6142012Revenue 2013: $10,952,304Expenses 2013: $9,112,255Net Income 2013: $1,840,0492013Revenue 2014: $11,604,604Expenses 2014: $10,786,411Net Income 2014: $818,1932014Revenue 2015: $12,071,258Expenses 2015: $13,040,429Net Income 2015: -$969,1712015Revenue 2016: $11,771,421Expenses 2016: $12,320,485Net Income 2016: -$549,0642016Revenue 2017: $10,387,287Expenses 2017: $10,375,762Net Income 2017: $11,5252017Revenue 2018: $11,053,405Expenses 2018: $11,216,764Net Income 2018: -$163,3592018Revenue 2019: $12,919,588Expenses 2019: $12,897,519Net Income 2019: $22,0692019Revenue 2020: $17,123,920Expenses 2020: $15,151,622Net Income 2020: $1,972,2982020Revenue 2021: $19,430,368Expenses 2021: $15,594,324Net Income 2021: $3,836,0442021Revenue 2022: $17,224,978Expenses 2022: $17,570,791Net Income 2022: -$345,8132022Revenue 2023: $18,396,809Expenses 2023: $18,371,860Net Income 2023: $24,9492023Revenue 2024: $19,506,707Expenses 2024: $18,970,736Net Income 2024: $535,9712024

Highlighted filing

2021

Revenue$19,430,368
Expenses$15,594,324
Net Income$3,836,044
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 20, 2022
Return Version
2021v4.2
Gross Receipts
$19,912,084
Mission and Program Overview

Mission

We promote positive aging for older adults throughout king county, from the frail, homebound elders to the healthy, active baby boomers. Through our integrated system of quality programs and senior centers, we build a just society where aging adults and those who care about them can live their best lives.

Sound Generations supports older adults, disabled persons, and those who care for them on their aging journey through community connections and accessible services throughout King

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,925,132$8,620,026▲ $4,694,894
Land, Buildings, and Equipment, Net$4,269,634$3,890,166▼ $379,468
Cash and Non-Interest-Bearing Accounts$5,535,967$3,405,442▼ $2,130,525
Accounts Receivable$183,046$2,440,964▲ $2,257,918
Pledges and Grants Receivable$2,171,641$0▼ $2,171,641
Prepaid Expenses and Deferred Charges$133,645$254,061▲ $120,416
Inventories for Sale or Use$36,918$74,047▲ $37,129
Savings and Temporary Cash Investments$204$0▼ $204
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$16,673,160$19,207,397▲ $2,534,237
Other Assets Total$416,973$522,691▲ $105,718
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,866,764$3,896,055▼ $1,970,709
Accounts Payable and Accrued Expenses$1,539,298$1,735,165▲ $195,867
Tax Exempt Bond Liabilities$1,545,732$1,502,691▼ $43,041
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$8,951,794$7,133,911▼ $1,817,883
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,257,781$6,342,931▲ $3,085,150
Net Assets With Donor Restrictions$4,463,585$5,730,555▲ $1,266,970
Total Net Assets Fund Balance$7,721,366$12,073,486▲ $4,352,120
Total Liabilities and Net Assets / Fund Balance$16,673,160$19,207,397▲ $2,534,237

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,481,614$4,657,769$7,139,383
Equipment$409,313$758,275$1,167,588
Land$926,342-$926,342
Leasehold Improvements$72,897$172,371$245,268

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$3,925,132$4,000,000▲ $711,856-$8,620,026
2020$3,540,591-▲ $384,541-$3,925,132
2019$2,047,711$1,140,249▲ $407,122$49,491$3,545,591
2018$2,125,600$51,202▼ $82,890$46,201$2,047,711
2017$2,871,874-▲ $174,614$400,000$2,646,488
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jim WigfallCEOFT$209,500$18,705$218,170
Carlos RojasCFOFT$147,000$5,257$193,011
Brittany BlueChief Marketing & PhilanthFT$142,000$29,311$175,453
Joanne DonohueCOOFT$145,314$45,113$155,566
Greg RobertsDirector of HRFT$128,697$20,381$149,078
John GleichmanIT DirectorFT$136,620$10,096$146,716
Christina HannanControllerFT$110,336$15,816$126,152

Board Members and Trustees

NameTitle
Alayne FardellaBoard Co-Chair
Paul SivesindBoard Co-Chair
Robert PasterickFinance Committee Chair
Darryl PriceImmediate Past Chair
Cheryl Cobbs-MurphyDirector
Dana SimpsonDirector
David HaackDirector
Gretchen KeithlyDirector
Jennifer GravesDirector
Manav GoelDirector
Mary Dodirector
Michael Fardelladirector
Pamela WilliamsDirector
Sumedha KukrejaDirector
Carla CalogeroSecretary
Craig SaddlerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,389,071
Program Service Revenue
$18,640
Investment Income
$195,780
Other Revenue
$-173,123
All Other Contributions
$4,707,264
Change in Net Assets
$3,836,044

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table100$42,872Fair Market Value (FMV)
Securities Publicly Traded2$7,442Fair Market Value (FMV)
Total Noncash Contributions102$50,314-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,615,205
Other Expenses$5,979,119
Total Fundraising Expense$851,708
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,839,533$1,483,222$406,769$6,729,524
Other Employee Benefits$656,917$189,590$54,293$900,800
Current Officers, Directors, Trustees, and Key Employees$641,668$195,748$53,862$891,278
Payroll Taxes$670,756$164,939$48,871$884,566
Occupancy$620,433$123,562$42,888$786,883
Fees for Services Other$421,014$232,815$70,686$724,515
Office Expenses$267,603$89,251$131,052$487,906
Travel$378,741$7,457$6,052$392,250
Depreciation Depletion$239,497$47,697$16,555$303,749
Insurance$202,620$23,974$397$226,991
Pension Plan Contributions$152,442$43,996$12,599$209,037
Interest$199,578--$199,578
Fees for Services Accounting-$70,000-$70,000
Other Expenses$23,750$5,912$125$29,662
Conferences and Meetings$17,479$9,142$2,136$28,757
Fees for Services Legal$3,960$17,945-$21,905
Fees for Service Investment Mgmnt Fees-$15,884-$15,884
Information Technology$72--$72
Total Functional Expenses$11,809,361$2,933,255$851,708$15,594,324
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$137,993
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golden Gala$197,558-$42,139-
Giving Tuesday$36,126-$20-
Total Events$295,201-$137,993$-137,993
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANonprofit Revenue Bond Series 2019A and Nonprof2019-03-05$1,617,204Housing

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$1,617,204$0$110,913$9,806

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1:

The Executive Committee is allowed to act on behalf to the full Board. The Executive Committee consists of the officers of the Board, committee chairs and 1 at large member. All members of the Executive committee are members of the Board.

Form 990, Part VI, Section A, LIne 2:

Board members alayne fardella and michael fardella are married.

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

Draft 990 is presented to Sound Generations' Finance Committee for approval. Approval is documented in Finance Committee meeting minutes. Full 990 is shared with full board at the next board meeting.

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

Board Members sign a copy of the policy and a disclosure form every two years. Each employee signs the Conflict of Interest Policy form as part of the new hire process.

Form 990, Part VI, SEction B, Line 15A:

The HR Director has a documented process for reviewing compensation including compensation analysis, benchmarking, and other. This is reviewed by the Full Board, and the Executive Committee prior to any changes in compensation.

Form 990, Part VI, Section C, Line 19:

At this time, the governing documents and conflict of interest policy are not available to the public. Sound generations does make available its annual report with unaudited financial information on the agency's website (www.soundgenerations.org)

Filing and Contact Details

Filer

Filer Name
Sound Generations
EIN
91-0823767
In Care Of
% CARLOS ROJAS
Phone
2064485757
Address
2208 Second Avenue, Seattle, WA 98121

Signing Officer

Name
James Wigfall
Title
CEO
Phone
2064485757
Signed
2022-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Wigfall
Formed
1967
Legal Domicile
Wa
Voting Board Members
15
Independent Board Members
15
Employees
255
Volunteers
724

Preparer

Firm
Bdo USA Llp
Address
601 Union Street Suite 2300, Seattle, WA 98101
Preparer
Matthew Frerker
Phone
2063827777
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1, Description of Organization Mission:

County. Our eleven programs and numerous community partner sites are constantly striving to expand the provision of food security, transportation, health & wellness, and assistance services to underserved and marginalized populations.

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

Support for Affiliated Senior Centers: Our five affiliated senior centers keep older adults connected to our programs and their peer groups with the ability to socialize over a meal, in a class, or activity. Health & Wellness: To help people thrive at every age, Sound Generations offers a range of high-quality fitness classes, health workshops and other affordable resources designed with the specific needs of older adults in mind. Belltown Senior Apts provide low-income housing for seniors.

Financial Statement Notes

Part V, Line 4:

The earnings can be used to support general operations of the agency. The corpus can never be spent, and therefore their intended use is investment.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Carlos Rojas
IRS990/Form990PartVIISectionAGrp/PersonNm2Brittany Blue
IRS990/Form990PartVIISectionAGrp/PersonNm3Joanne Donohue
IRS990/Form990PartVIISectionAGrp/PersonNm4Greg Roberts
IRS990/Form990PartVIISectionAGrp/PersonNm5John Gleichman
IRS990/Form990PartVIISectionAGrp/PersonNm6Christina Hannan
IRS990/Form990PartVIISectionAGrp/PersonNm7Paul Sivesind
IRS990/Form990PartVIISectionAGrp/PersonNm8Alayne Fardella
IRS990/Form990PartVIISectionAGrp/PersonNm9Carla Calogero
IRS990/Form990PartVIISectionAGrp/PersonNm10Craig Saddler
IRS990/Form990PartVIISectionAGrp/PersonNm11Darryl Price
IRS990/Form990PartVIISectionAGrp/PersonNm12Robert Pasterick
IRS990/Form990PartVIISectionAGrp/PersonNm13Dana Simpson
IRS990/Form990PartVIISectionAGrp/PersonNm14David Haack
IRS990/Form990PartVIISectionAGrp/PersonNm15Gretchen Keithly
IRS990/Form990PartVIISectionAGrp/PersonNm16Jennifer Graves
IRS990/Form990PartVIISectionAGrp/PersonNm17Manav Goel
IRS990/Form990PartVIISectionAGrp/PersonNm18Mary Do
IRS990/Form990PartVIISectionAGrp/PersonNm19Michael Fardella
IRS990/Form990PartVIISectionAGrp/PersonNm20Pamela Williams
IRS990/Form990PartVIISectionAGrp/PersonNm21Sumedha Kukreja
IRS990/Form990PartVIISectionAGrp/PersonNm22Cheryl Cobbs-Murphy
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chief Marketing & Philanth
IRS990/Form990PartVIISectionAGrp/TitleTxt3COO
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director of HR
IRS990/Form990PartVIISectionAGrp/TitleTxt5IT Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Controller
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Co-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Co-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt9Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt10Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt11Immediate Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt12Finance Committee Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18director
IRS990/Form990PartVIISectionAGrp/TitleTxt19director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
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IRS990/MissionDesc0Sound Generations supports older adults, disabled persons, and those who care for them on their aging journey through community connections and accessible services throughout King County. Our eleven programs and numerous community partner sites are constantly striving to expand the provision of food security, transportation, health & wellness, and assistance services to underserved and marginalized populations.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.1$8.21$11.9$19.5$19.0$0.54
2023Detailed filing. Detailed filing data is available for this year.$19.3$8.32$11.0$18.4$18.4$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.9$8.70$10.2$17.2$17.6$0.35
2021Detailed filing. Detailed filing data is available for this year.$19.2$7.13$12.1$19.4$15.6$3.84
2020Detailed filing. Detailed filing data is available for this year.$15.1$7.95$7.20$17.1$15.2$1.97
2019Detailed filing. Detailed filing data is available for this year.$10.5$5.76$4.77$12.9$12.9$0.02
2018Detailed filing. Detailed filing data is available for this year.$6.72$2.41$4.32$11.1$11.2$0.16
2017Detailed filing. Detailed filing data is available for this year.$7.34$2.82$4.52$10.4$10.4$0.01
2016Detailed filing. Detailed filing data is available for this year.$8.48$4.18$4.30$11.8$12.3$0.55
2015Detailed filing. Detailed filing data is available for this year.$16.9$4.12$12.8$12.1$13.0$0.97
2014Detailed filing. Detailed filing data is available for this year.$17.1$3.10$14.0$11.6$10.8$0.82
2013Detailed filing. Detailed filing data is available for this year.$15.9$2.68$13.2$11.0$9.11$1.84
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$3.02$11.4$8.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.1$3.51$9.58$8.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$3.52$7.98$9.48