Civic Intelligence

Seafair Pirate Fund Inc

EIN 91-1318025 • 501(c)4 • Ravensdale, WA

Profile

To promote the Seattle Summer Festival Seafair by attending community functions parades special events and demonstrating the goodwill of Seattle.

31557 SE 275th PlaceRavensdale, WA 98051

seafairpirates.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

40th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

41st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • $500k-$1M nonprofits • Source year 2023

Net Margin

5th percentile

-68%

Higher net margin than 5% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • $500k-$1M nonprofits • Source year 2021

Asset Growth

74th percentile

13%

Faster asset growth than 74% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

93rd percentile

105%

Faster revenue growth than 93% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$683,820

Up $81,895 (+14%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$683,820

Up $81,895 (+14%) from 2024

Revenue

Up

$52,525

Up $294 (+0.6%) from 2024

Expenses

Down

$51,337

Down $7,586 (-13%) from 2024

Net Income

Up

$1,188

Up $7,880 (+118%) from 2024

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $195,207Liabilities 2011: $02011Assets 2012: $194,203Liabilities 2012: $02012Assets 2013: $192,799Liabilities 2013: $02013Assets 2014: $307,100Liabilities 2014: $02014Assets 2015: $333,045Liabilities 2015: $02015Assets 2016: $395,610Liabilities 2016: $02016Assets 2017: $443,493Liabilities 2017: $02017Assets 2018: $464,928Liabilities 2018: $02018Assets 2019: $460,092Liabilities 2019: $02019Assets 2020: $578,833Liabilities 2020: $02020Assets 2021: $471,801Net Assets 2021: $471,8012021Assets 2022: $452,478Liabilities 2022: $0Net Assets 2022: $452,4782022Assets 2023: $509,501Liabilities 2023: $0Net Assets 2023: $509,5012023Assets 2024: $601,925Liabilities 2024: $0Net Assets 2024: $601,9252024Assets 2025: $683,820Liabilities 2025: $0Net Assets 2025: $683,8202025

Highlighted filing

2025

Assets$683,820
Liabilities$0
Net Assets$683,820

Operations Trend

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

$100K$50K$0-$50KRevenue 2011: $52,992Expenses 2011: $73,292Net Income 2011: -$20,3002011Revenue 2012: $37,540Expenses 2012: $38,886Net Income 2012: -$1,3462012Revenue 2013: $43,060Expenses 2013: $44,464Net Income 2013: -$1,4042013Revenue 2014: $48,875Expenses 2014: $40,598Net Income 2014: $8,2772014Revenue 2015: $42,523Expenses 2015: $46,918Net Income 2015: -$4,3952015Revenue 2016: $57,668Expenses 2016: $59,490Net Income 2016: -$1,8222016Revenue 2017: $43,744Expenses 2017: $41,142Net Income 2017: $2,6022017Revenue 2018: $34,263Expenses 2018: $37,573Net Income 2018: -$3,3102018Revenue 2019: $34,855Expenses 2019: $37,330Net Income 2019: -$2,4752019Revenue 2020: $31,806Expenses 2020: $11,036Net Income 2020: $20,7702020Revenue 2021: $29,338Expenses 2021: $19,765Net Income 2021: $9,5732021Revenue 2022: $24,597Expenses 2022: $24,856Net Income 2022: -$2592022Revenue 2023: $50,395Expenses 2023: $84,831Net Income 2023: -$34,4362023Revenue 2024: $52,231Expenses 2024: $58,923Net Income 2024: -$6,6922024Revenue 2025: $52,525Expenses 2025: $51,337Net Income 2025: $1,1882025

Highlighted filing

2025

Revenue$52,525
Expenses$51,337
Net Income$1,188

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.84$0.00$6.84$0.53$0.51$0.01
2024Detailed filing. Detailed filing data is available for this year.$6.02$0.00$6.02$0.52$0.59$0.07
2023Detailed filing. Detailed filing data is available for this year.$5.10$0.00$5.10$0.50$0.85$0.34
2022Detailed filing. Detailed filing data is available for this year.$4.52$0.00$4.52$0.25$0.25$0.00
2021Detailed filing. Detailed filing data is available for this year.$4.72$4.72$0.29$0.20$0.10
2020Summary only. Only limited summary data is available for this year.$5.79$0.00$0.32$0.11$0.21
2019Summary only. Only limited summary data is available for this year.$4.60$0.00$0.35$0.37$0.02
2018Summary only. Only limited summary data is available for this year.$4.65$0.00$0.34$0.38$0.03
2017Summary only. Only limited summary data is available for this year.$4.43$0.00$0.44$0.41$0.03
2016Summary only. Only limited summary data is available for this year.$3.96$0.00$0.58$0.59$0.02
2015Summary only. Only limited summary data is available for this year.$3.33$0.00$0.43$0.47$0.04
2014Summary only. Only limited summary data is available for this year.$3.07$0.00$0.49$0.41$0.08
2013Summary only. Only limited summary data is available for this year.$1.93$0.00$0.43$0.44$0.01
2012Summary only. Only limited summary data is available for this year.$1.94$0.00$0.38$0.39$0.01
2011Summary only. Only limited summary data is available for this year.$1.95$0.00$0.53$0.73$0.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Feb 23, 2026
Return Version
2025v4.0
Gross Receipts
$64,076
Mission and Program Overview

Mission

To promote the Seattle Summer Festival "Seafair" by attending community functions parades special events and demonstrating the goodwill of Seattle.

To promote the Seattle Summer Festival Seafair by attending community functions parades special events and demonstrating the goodwill of Seattle.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$585,259$664,214▲ $78,955
Cash and Non-Interest-Bearing Accounts$11,644$15,584▲ $3,940
Savings and Temporary Cash Investments$5,022$4,022▼ $1,000
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$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
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$601,925$683,820▲ $81,895
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$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
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$601,925$683,820▲ $81,895
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$601,925$683,820▲ $81,895
Total Liabilities and Net Assets / Fund Balance$601,925$683,820▲ $81,895
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jay AlbrechtPresident
Ian McGlynnVice President
Cory Francis - SecretarySecretary
B Joel Smith - TreasurerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$32,777
Program Service Revenue
$0
Investment Income
$19,748
Other Revenue
$0
All Other Contributions
$17,163
Change in Net Assets
$1,188
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$51,337
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$5,336$0$0$5,336
Information Technology$1,824$0$0$1,824
Total Functional Expenses$51,337$0$0$51,337
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 11A

Documents were e-mailed to each member.

Part VI, Line 19

No documents were made to the public

Part VI, line 9

| Name of the person:, Address of the person:| Jay Albrecht - President, 10615 Paradise Lake Road, Snohomish, WA, 98296| Ian McGlynn - Vice President, 11548 Riviera PL NE, Seattle, WA, 98125| B Joel Smith - Treasurer, 31557 SE 275th Place, Ravensdale, WA, 98051| Cory Francis - Secretary, 2356 22nd Ave S, Seattle, WA, 98144|

Filing and Contact Details

Filer

Filer Name
Seafair Pirate Fund Inc
EIN
91-1318025
Phone
2062808933
Address
31557 SE 275th Place, Ravensdale, WA 98051

Signing Officer

Name
B Joel Smith
Title
2025 Treasurer
Phone
2062808933
Signed
2026-02-23

Organization Details

Principal Officer
B Joel Smith
Formed
1949
Legal Domicile
Wa
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
46
Supplemental Narrative

Additional Explanations

Doing Business As Names

Seattle Seafair Pirates

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Ian McGlynn
IRS990/Form990PartVIISectionAGrp/PersonNm2B Joel Smith - Treasurer
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IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0To promote the Seattle Summer Festival Seafair by attending community functions parades special events and demonstrating the goodwill of Seattle.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0601925
IRS990/NetAssetsOrFundBalancesEOYAmt0683820
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt06449
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
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IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
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IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt080707
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0601925
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0683820
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0See Schedule O
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt044177
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt044177
IRS990/OtherExpensesGrp/TotalAmt10
IRS990/OtherExpensesGrp/TotalAmt20
IRS990/OtherExpensesGrp/TotalAmt30
IRS990/OtherLiabilitiesGrp/BOYAmt00
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IRS990/OtherRevenueMiscGrp/ExclusionAmt10
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt10
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt10
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt20
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt20
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
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IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
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IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0B Joel Smith
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt30
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt40
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt20
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt40
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProgSrvcAccomActy2Grp/Desc0Seafair Festival - A one month long festival to promote the goodwill of the Puget Sound region. Attendance exceeds 300,000 people. The Seafair Pirates attend all the community festivals
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt05077
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Everything we do is in support of Seafair Events which occur throughout the year. This amount is what we spend in order to support all the other events.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt043890
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt033737

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