Civic Intelligence

Seattle Parks Foundation

990 • Fiscal year 2021 • EIN 91-1998597

Jul 01, 2020 to Jun 30, 2021 • Filed on May 10, 2022

1510 E Madison St Ste 510Seattle, WA 98122

(206) 332-9900

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.06x

Higher debt load relative to assets than 33% of similar nonprofits.

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

Liabilities / Revenue

40th percentile

0.14x

Higher debt load relative to revenue than 40% of similar nonprofits.

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

Net Margin

39th percentile

7.1%

Higher net margin than 39% of similar nonprofits.

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

Top Officer Pay

45th percentile

$158,938

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

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

Asset Growth

66th percentile

17%

Faster asset growth than 66% of similar nonprofits.

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

Revenue Growth

65th percentile

25%

Faster revenue growth than 65% of similar nonprofits.

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

Assets

Up

$15,495,832

Up $2,245,398 (+17%) from 2020

Net Assets

Up

$14,515,751

Up $1,583,767 (+12%) from 2020

Liabilities

Up

$980,081

Up $661,631 (+208%) from 2020

Revenue

Up

$6,808,080

Up $1,345,708 (+25%) from 2020

Expenses

Up

$6,321,541

Up $2,512,408 (+66%) from 2020

Net Income

Down

$486,539

Down $1,166,700 (-71%) from 2020

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2012: $3,185,731Liabilities 2012: $101,311Net Assets 2012: $3,084,4202012Assets 2013: $7,557,513Liabilities 2013: $155,442Net Assets 2013: $7,402,0712013Assets 2014: $9,186,122Liabilities 2014: $157,802Net Assets 2014: $9,028,3202014Assets 2015: $8,767,659Liabilities 2015: $148,167Net Assets 2015: $8,619,4922015Assets 2016: $9,563,764Liabilities 2016: $566,536Net Assets 2016: $8,997,2282016Assets 2017: $10,918,861Liabilities 2017: $120,777Net Assets 2017: $10,798,0842017Assets 2018: $11,470,390Liabilities 2018: $196,033Net Assets 2018: $11,274,3572018Assets 2019: $11,801,311Liabilities 2019: $176,505Net Assets 2019: $11,624,8062019Assets 2020: $13,250,434Liabilities 2020: $318,450Net Assets 2020: $12,931,9842020Assets 2021: $15,495,832Liabilities 2021: $980,081Net Assets 2021: $14,515,7512021Assets 2022: $14,229,457Liabilities 2022: $366,786Net Assets 2022: $13,862,6712022Assets 2023: $13,536,015Liabilities 2023: $1,189,190Net Assets 2023: $12,346,8252023

Highlighted filing

2021

Assets$15,495,832
Liabilities$980,081
Net Assets$14,515,751

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2012: $942,0032012Expenses 2013: $1,431,9462013Revenue 2014: $2,815,894Expenses 2014: $1,682,639Net Income 2014: $1,133,2552014Revenue 2015: $2,508,188Expenses 2015: $2,748,276Net Income 2015: -$240,0882015Revenue 2016: $3,131,649Expenses 2016: $2,425,415Net Income 2016: $706,2342016Revenue 2017: $3,884,064Expenses 2017: $2,525,864Net Income 2017: $1,358,2002017Revenue 2018: $4,388,608Expenses 2018: $3,841,484Net Income 2018: $547,1242018Revenue 2019: $4,467,882Expenses 2019: $3,816,449Net Income 2019: $651,4332019Revenue 2020: $5,462,372Expenses 2020: $3,809,133Net Income 2020: $1,653,2392020Revenue 2021: $6,808,080Expenses 2021: $6,321,541Net Income 2021: $486,5392021Revenue 2022: $6,216,658Expenses 2022: $5,614,305Net Income 2022: $602,3532022Revenue 2023: $4,102,059Expenses 2023: $6,240,251Net Income 2023: -$2,138,1922023

Highlighted filing

2021

Revenue$6,808,080
Expenses$6,321,541
Net Income$486,539
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 10, 2022
Return Version
2020v4.0
Gross Receipts
$7,177,790
Mission and Program Overview

Mission

Seattle Parks Foundation connects and supports community leaders to build and sustain a thriving system of parks and public space for all people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,889,028$11,554,633▲ $1,665,605
Savings and Temporary Cash Investments$1,986,287$1,633,322▼ $352,965
Pledges and Grants Receivable$806,779$1,491,310▲ $684,531
Cash and Non-Interest-Bearing Accounts$560,312$785,575▲ $225,263
Prepaid Expenses and Deferred Charges$2,593$22,352▲ $19,759
Land, Buildings, and Equipment, Net$5,433$8,640▲ $3,207
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$13,250,432$15,495,832▲ $2,245,400
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$160,517$830,116▲ $669,599
Unsecured Notes Loans Payable$157,182$149,965▼ $7,217
Other Liabilities$749--
Total Liabilities$318,448$980,081▲ $661,633
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,188,464$8,796,806▲ $1,608,342
Net Assets With Donor Restrictions$5,743,520$5,718,945▼ $24,575
Total Net Assets Fund Balance$12,931,984$14,515,751▲ $1,583,767
Total Liabilities and Net Assets / Fund Balance$13,250,432$15,495,832▲ $2,245,400

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,360$40,171$44,531
Other Land Buildings$4,280-$4,280

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$303,823$460--$304,283
2019$301,628$200▲ $4,189$2,194$303,823
2018$288,748$3,051▲ $9,829-$301,628
2017$267,515$2,877▲ $18,356-$288,748
2016$239,044$5,198▲ $28,033$4,760$267,515
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thatcher BaileyPresident & CEOFT$149,408$9,530$158,938
Erin ClementsDeputy DirectorFT$106,804$10,070$116,874
Rebecca BearPresident & CEOFT$29,219$1,884$31,103
Beth PurcellBoard Member-$28,962-$28,962

Board Members and Trustees

NameTitle
Maya Mendoza-ExstromChair
Garrett KephartVice Chair
Allegra CalderBoard Member
Brad KahnBoard Member
Charles NolanBoard Member
Charlie WrightBoard Member
Chris TowneBoard Member
David VictorBoard Member
Debra GuentherBoard Member
Doug RaffBoard Member
Gerry JohnsonBoard Member
Huong VuBoard Member
John NesholmBoard Member
Ken BoundsBoard Member
Lyn HunterBoard Member
Myra TanitaBoard Member
Neelima ShahBoard Member
Patrice ThomasBoard Member
Ross BakerBoard Member
Sam HowardBoard Member
Jodi GreenSecretary
Jerry ToneTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Dirt CorpsProject management115 N 85th St Ste 202, Seattle, WA 98103$159,236
Revenue and Support

Revenue Composition

Contributions and Grants
$6,175,868
Program Service Revenue
$58,019
Investment Income
$571,543
Other Revenue
$2,650
All Other Contributions
$4,340,619
Change in Net Assets
$486,539

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,770,038
Revenue Not Reported on Financial Statements
$38,042
Revenue Not Reported on Form 990
$1,097,228
Total Revenue per Audited Statements
$7,867,266
Total Revenue per Form 990
$6,808,080
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,484,007
Salaries, Compensation, and Employee Benefits$837,534
Total Fundraising Expense$238,465
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$4,216,860$183,877$30,534$4,431,271
Other Salaries and Wages$238,823$90,592$61,075$390,490
Current Officers, Directors, Trustees, and Key Employees$184,149$61,383$61,383$306,915
Other Employee Benefits$37,254$20,321$10,160$67,735
Payroll Taxes$31,952$17,429$8,714$58,095
Information Technology$15,783$9,877$21,516$47,176
All Other Expenses$8,643$13,152$16,554$38,349
Fees for Service Investment Mgmnt Fees-$38,042-$38,042
Other Expenses$18,057$256,258$18,851$36,908
Occupancy$9,922$4,005$2,793$16,720
Travel$9,174$3,657$2,551$15,382
Pension Plan Contributions$7,864$4,290$2,145$14,299
Office Expenses$5,472$4,258$1,541$11,271
Insurance-$5,440-$5,440
Depreciation Depletion$2,302$929$648$3,879
Total Functional Expenses$5,369,566$713,510$238,465$6,321,541

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,321,541
Expenses per Audited Statements$6,283,499
Total Expenses per Audited Statements$6,283,499
Expenses Not Reported on Financial Statements$38,042
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
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, Part VI, Line 11B: Form 990 Review Process

The Form 990 is submitted to the Executive Committee of the Board of Directors forapproval.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Board of Directors reports annually on relationships and potential conflicts ofinterest.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

On an annual basis, the Board President appoints a temporary committee of BoardMembers to review the Executive Director's performance and compensation.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

These are available upon request.

Filing and Contact Details

Filer

Filer Name
Seattle Parks Foundation
EIN
91-1998597
Phone
2063329900
Address
1510 E Madison St Ste 510, Seattle, WA 98122

Signing Officer

Name
Rebecca Bear
Title
CEO
Signed
2022-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerry Tone
Formed
1999
Legal Domicile
Wa
Voting Board Members
20
Independent Board Members
19
Employees
12
Volunteers
1,500

Preparer

Firm
Jones & Associates PLLC CPAS
Address
17544 Midvale Ave N Ste 100, Shoreline, WA 98133
Preparer
Judy C Jones CPA
Phone
2065255186
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The permanent endowment fund was established to provide operating funds frominvestment earnings to augment city maintenance funds for the Streissguth Gardens, apublic park in Seattle. The Board Designated Fund is for selected projects approvedby the Board.

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IRS990/Form990PartVIISectionAGrp/PersonNm17Charles Nolan
IRS990/Form990PartVIISectionAGrp/PersonNm18Doug Raff
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IRS990/Form990PartVIISectionAGrp/PersonNm23David Victor
IRS990/Form990PartVIISectionAGrp/PersonNm24Huong Vu
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Deputy Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt19Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt20Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt21Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt22Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt23Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt24Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt25Board Member
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IRS990/MissionDesc0Seattle Parks Foundation connects and supports community leaders to build and sustain a thriving system of parks and public space for all people.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$13.5$1.19$12.3$4.10$6.24$2.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.2$0.37$13.9$6.22$5.61$0.60
2021Detailed filing. Detailed filing data is available for this year.$15.5$0.98$14.5$6.81$6.32$0.49
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.3$0.32$12.9$5.46$3.81$1.65
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.8$0.18$11.6$4.47$3.82$0.65
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.5$0.20$11.3$4.39$3.84$0.55
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.9$0.12$10.8$3.88$2.53$1.36
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.56$0.57$9.00$3.13$2.43$0.71
2015Detailed filing. Detailed filing data is available for this year.$8.77$0.15$8.62$2.51$2.75$0.24
2014Detailed filing. Detailed filing data is available for this year.$9.19$0.16$9.03$2.82$1.68$1.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.56$0.16$7.40$1.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$0.10$3.08$0.94