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Nonprofiteer
← TSF PROPERTIES

Form 990 for tax year 2024

Filed by TSF PROPERTIES.

Totals

Total revenue
$15,519,587
Total expenses
$15,510,797
Contributions and grants received
$15,519,565
Grants paid
$15,500,009
Program service revenue
$0
Investment income
$22
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$10,862
Net assets or fund balances, end of year
-$10,862
Program services expenses (Part IX)
$15,506,851
Management and general expenses
$3,946
Fundraising expenses
$0
Program service expenses (Part III)
$15,506,851

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $19,556

  • 1f · All other contributions, gifts and grants

    $15,500,009

  • 1g · Noncash contributions included above

    $15,500,009

  • 3 · Investment income

    total $22 · excluded $22

  • 7a · Gross sales of assets other than inventory

    securities $5,500,009 · other assets $10,000,000

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

    securities $5,500,009 · other assets $10,000,000

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,500,009 · program services $15,500,009

  • 11b · Fees: legal

    total $6,842 · program services $6,842

  • 11c · Fees: accounting

    total $3,900 · management and general $3,900

  • 24a · Other expenses: DUES & FEES

    total $46 · management and general $46

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $348 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $10,862

  • 25 · Other liabilities

    beginning of year $20,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$19,652 · end of year -$10,862

Mission and programs · 2024

Mission

TYPE I SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3) TO SEATTLE FOUNDATION.

Activities or mission (Part I)

TSF PROPERTIES IS ORGANIZED & OPERATED AS A SUPPORTING ORGANIZATION TO SEATTLE FOUNDATION.

  • TSF PROPERTIES IS ORGANIZED AND OPERATED TO PERFORM ESSENTIAL SERVICES TO SEATTLE FOUNDATION BY RECEIVING, HOLDING, AND DISPOSING OF DONATIONS OF REAL PROPERTY AND OTHER NONCASH DONATIONS TO SEATTLE FOUNDATION. UPON THE SALE OF NONCASH DONATIONS, TSF PROPERTIES DISTRIBUTES THE SALE PROCEEDS DIRECTLY TO SEATTLE FOUNDATION.

    Expenses $15,506,851 · Grants $15,500,009

As filed on the 2024 return.

Listed in Part VII

  • Alesha Washington

    PRESIDENT

    Total calculated
    $512,167
    From this org
    $0
    From related orgs
    $481,225
    Other
    $30,942
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $481,225 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $13,692 related
    Filer's total
    $0 + $512,167 related
  • Larry Buycks

    VICE PRESIDENT/TREASURER (EFF. 5/24)

    Total calculated
    $314,512
    From this org
    $0
    From related orgs
    $280,708
    Other
    $33,804
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,708 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,272 related
    Nontaxable benefits
    $0 + $19,532 related
    Filer's total
    $0 + $314,512 related
  • Steve Andryszewski

    VICE PRESIDENT/TREASURER (THRU 5/24)

    Total calculated
    $214,503
    From this org
    $0
    From related orgs
    $191,463
    Other
    $23,040
    Hours/week
    2 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,463 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,726 related
    Nontaxable benefits
    $0 + $13,314 related
    Filer's total
    $0 + $214,503 related
  • Michelle Frix Dassell

    ADDITIONAL VICE PRESIDENT

    Total calculated
    $325,581
    From this org
    $0
    From related orgs
    $274,059
    Other
    $51,522
    Hours/week
    2 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,059 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0 + $28,522 related
    Filer's total
    $0 + $325,581 related
  • Mariel Turner-Tamiyasu

    SECRETARY

    Total calculated
    $129,141
    From this org
    $0
    From related orgs
    $118,187
    Other
    $10,954
    Hours/week
    2 + 42 related
  • Ed Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 7 related
  • Ed Thomas

    TRUSTEE (THRU 5/24)

    Total calculated
    $0
    Hours/week
    2 + 4 related
  • Janet Levinger

    TRUSTEE (THRU 6/24)

    Total calculated
    $0
    Hours/week
    2 + 4 related
  • Kelley Hall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 4 related
  • Amy Banovich

    TRUSTEE (THRU 6/24)

    Total calculated
    $0
    Hours/week
    2 + 4 related
  • Colleen Echohawk

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 4 related
  • Donna Moodie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 4 related
  • Amy Carter

    TRUSTEE (FROM 6/24)

    Total calculated
    $0
    Hours/week
    2 + 4 related
  • Karla Horwitz

    TRUSTEE (FROM 6/24)

    Total calculated
    $0
    Hours/week
    2 + 4 related
  • Robin Lien

    TRUSTEE (FROM 6/24)

    Total calculated
    $0
    Hours/week
    2 + 4 related
  • Kristine Hermanns

    FORMER OFFICER

    Total calculated
    $296,314
    From this org
    $0
    From related orgs
    $287,236
    Other
    $9,078
    Hours/week
    0 + 23.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,000 related
    Bonus
    $0
    Other
    $0 + $75,236 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,078 related
    Filer's total
    $0 + $296,314 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
KRISTINE HERMANNS RECEIVED SEVERANCE PAYMENTS IN THE AMOUNT OF $75,236. ALL COMPENSATION, INCLUDING SEVERANCE, IS PAID BY A RELATED ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • PERIGEE FUND

    501(C)(3) · GRANTMAKING TO NONPROFITS IN THE GREATER PUGET SOUND COMMUNITY · WA · controlled entity

    Directly controlled by SEATTLE FOUNDATION

  • SEATTLE FOUNDATION

    501(C)(3) · SERVES CHARITABLE ORGANIZATIONS IN THE GREATER SEATTLE AREA · WA

  • SEATTLE INTERNATIONAL FOUNDATION

    501(C)(3) · GRANTMAKING TO ORGS TO ENHANCE INTERNATIONAL PHILANTHROPY IN PNW · WA · controlled entity

    Directly controlled by SEATTLE FOUNDATION

  • THE WHITEHORSE FOUNDATION

    501(C)(3) · GRANTMAKING TO NONPROFITS IN THE GREATER PUGET SOUND COMMUNITY · WA · controlled entity

    Directly controlled by SEATTLE FOUNDATION

  • TSF SERVICES

    501(C)(3) · SUPPORT GRANTMAKING AND ADMINISTRATIVE ACTIVITIES OF SEATTLE FOUNDATION · WA · controlled entity

    Directly controlled by SEATTLE FOUNDATION

  • IPD BREAKTHROUGH FUND

    501(C)(3) · GRANTMAKING TO NONPROFITS IN THE GREATER PUGET SOUND COMMUNITY · WA · controlled entity

    Directly controlled by SEATTLE FOUNDATION

  • EDENBURT CHARITABLE FUND

    501(C)(3) · SUPPORT THE ACTIVITIES OF SEATTLE FOUNDATION · WA · controlled entity

    Directly controlled by SEATTLE FOUNDATION

  • THE GEORGE P HARDGROVE FOUNDATION

    501(C)(3) · GRANTMAKING TO NONPROFITS IN THE GREATER PUGET SOUND COMMUNITY · WA · controlled entity

    Directly controlled by SEATTLE FOUNDATION

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202533149349306283

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