Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $747,707

• 1e · Government grants (contributions)

  $20,000

• 1f · All other contributions, gifts and grants

  $471,060

• 1g · Noncash contributions included above

  $185,120

• 3 · Investment income

  total $68,980 · excluded $68,980

• 7a · Gross sales of assets other than inventory

  securities $762,703

• 7b · Less cost or other basis and sales expenses

  securities $797,208

• 7c · Gain or loss

  securities -$34,505

• 7d · Net gain or loss

  total -$34,505 · excluded -$34,505

• 8a · Fundraising events: gross income

  $301,195

• 8a · Fundraising events: contributions included on line 1c

  $747,707

• 8b · Fundraising events: direct expenses

  $378,226

• 8c · Net income from fundraising events

  total -$77,031 · excluded -$77,031

• 11a · Other revenue: SCHOLARSHIP REFUNDS

  total $110,828 · excluded $110,828

• 11e · Other revenue, total

  $110,828

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $15,000 · program services $15,000

• 2 · Grants to domestic individuals

  total $363,300 · program services $363,300

• 11c · Fees: accounting

  total $3,764 · management and general $3,764

• 11e · Fees: professional fundraising services

  total $24,172 · fundraising $24,172

• 11g · Fees: other

  total $23,471 · program services $23,471

• 13 · Office expenses

  total $13,401 · program services $4,219 · management and general $2,667 · fundraising $6,515

• 14 · Information technology

  total $4,408 · program services $4,408

• 19 · Conferences, conventions and meetings

  total $11,786 · program services $10,430 · management and general $1,356

• 21 · Payments to affiliates

  total $600,291 · program services $461,595 · management and general $55,478 · fundraising $83,218

• 24a · Other expenses: UNCOLLECTED PLEDGES

  total $35,616 · fundraising $35,616

• 24b · Other expenses: IN-KIND GOODS

  total $10,524 · management and general $10,524

• 24c · Other expenses: DONOR CULTIVATION EVENT

  total $7,269 · fundraising $7,269

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $734,757 · end of year $725,596

• 2 · Savings and temporary cash investments

  beginning of year $669,828 · end of year $945,703

• 4 · Accounts receivable

  beginning of year $302,546 · end of year $147,406

• 11 · Investments: publicly traded securities

  beginning of year $2,445,723 · end of year $2,697,062

• 17 · Accounts payable and accrued expenses

  beginning of year $3,082 · end of year $941

• 18 · Grants payable

  beginning of year $169,590 · end of year $80,048

• 19 · Deferred revenue

  beginning of year $9,500 · end of year $9,250

• 27 · Net assets without donor restrictions

  beginning of year $2,306,842 · end of year $2,721,741

• 28 · Net assets with donor restrictions

  beginning of year $1,663,840 · end of year $1,703,787

The filer's explanations (Part III)

PART I, LINE 3

OFFICERS ARE COMPENSATED BY GREATER SEATTLE BUSINESS ASSOCIATION, A RELATED ORGANIZATION.