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Nonprofiteer
← GREATER SEATTLE BUSINESS ASSOC SCHOLARSHIP FUND

Form 990 for tax year 2022

Filed by GREATER SEATTLE BUSINESS ASSOC SCHOLARSHIP FUND.

Totals

Total revenue
$1,043,551
Total expenses
$1,382,581
Contributions and grants received
$1,016,104
Grants paid
$562,600
Program service revenue
$0
Investment income
-$3,345
Other revenue
$30,792
Total assets, end of year
$4,152,854
Total liabilities, end of year
$182,172
Net assets or fund balances, end of year
$3,970,682
Program services expenses (Part IX)
$1,064,783
Management and general expenses
$143,100
Fundraising expenses
$174,698
Program service expenses (Part III)
$1,064,783

Program services were 77.0% 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.

  • 1c · Fundraising events

    $466,425

  • 1f · All other contributions, gifts and grants

    $549,679

  • 1g · Noncash contributions included above

    $213,174

  • 3 · Investment income

    total $54,368 · excluded $54,368

  • 7a · Gross sales of assets other than inventory

    securities $90,971

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

    securities $148,684

  • 7c · Gain or loss

    securities -$57,713

  • 7d · Net gain or loss

    total -$57,713 · excluded -$57,713

  • 8a · Fundraising events: gross income

    $404,901

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

    $466,425

  • 8b · Fundraising events: direct expenses

    $374,109

  • 8c · Net income from fundraising events

    total $30,792 · excluded $30,792

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $70,000 · program services $70,000

  • 2 · Grants to domestic individuals

    total $492,600 · program services $492,600

  • 11b · Fees: legal

    total $17,209 · management and general $17,209

  • 11c · Fees: accounting

    total $2,356 · management and general $2,356

  • 11e · Fees: professional fundraising services

    total $5,500 · fundraising $5,500

  • 11g · Fees: other

    total $8,680 · program services $8,680

  • 13 · Office expenses

    total $35,643 · program services $11,304 · management and general $13,556 · fundraising $10,783

  • 21 · Payments to affiliates

    total $691,144 · program services $464,080 · management and general $109,979 · fundraising $117,085

  • 24a · Other expenses: AUCTION PROGRAM EXPENSE

    total $232,187 · program services $220,178 · fundraising $12,009

  • 24b · Other expenses: UNCOLLECTED PLEDGES

    total $29,321 · fundraising $29,321

  • 24c · Other expenses: LESS SPECIAL EVENT EXPE

    total -$202,059 · program services -$202,059

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $657,183 · end of year $734,757

  • 2 · Savings and temporary cash investments

    beginning of year $816,392 · end of year $669,828

  • 4 · Accounts receivable

    beginning of year $464,220 · end of year $302,546

  • 11 · Investments: publicly traded securities

    beginning of year $2,951,591 · end of year $2,445,723

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,640 · end of year $3,082

  • 18 · Grants payable

    beginning of year $162,255 · end of year $169,590

  • 19 · Deferred revenue

    beginning of year $7,500 · end of year $9,500

  • 27 · Net assets without donor restrictions

    beginning of year $3,091,188 · end of year $2,306,842

  • 28 · Net assets with donor restrictions

    beginning of year $1,623,803 · end of year $1,663,840

Mission and programs · 2022

Mission

THE GSBA SCHOLARSHIP PROGRAM AWARDS EDUCATIONAL SCHOLARSHIPS TO UNDERGRADUATE AND GRADUATE LGBTQ AND ALLIED STUDENTS WHO EXHIBIT LEADERSHIP POTENTIAL, DEMONSTRATE STRONG ACADEMIC ABILITIES, AND WHO ARE ACTIVELY INVOLVED IN SCHOOL AND COMMUNITY ORGANIZATIONS.

Activities or mission (Part I)

TO PROVIDE SCHOLARSHIPS AND LEADERSHIP DEVELOPMENT FOR UNDERGRADUATE AND GRADUATE LGBTQ STUDENTS.

  • LEADERSHIP DEVELOPMENT & THE INTERVIEW SELECTION PROCESS THAT UTILIZES 130 VOLUNTEERS TO INTERVIEW AND SELECT 60 UNDERGRADUATE AND GRADUATE STUDENTS TO RECEIVE SCHOLARSHIPS (INCLUDES SCHOLARSHIPS AWARDED) AND STAFF TIME.

    Expenses $653,204 · Grants $492,600

  • ANNUAL AUCTION AND SCHOLARS CELEBRATION-AND STAFF TIME.

    Expenses $314,930

  • READY FOR BUSINESS: COVID RECOVERY FOR SMALL BUSINESSES-AND STAFF TIME.

    Expenses $70,000 · Grants $70,000

  • GENERAL OUTREACH AND PORTION OF STAFF TIME.

    Expenses $26,649

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CARRIE CARSON

    CHAIR

    Total calculated
    $0
    Hours/week
    5 + 7 related

  • MASOUD TORABI

    CHAIR SCHOLARSHIP FUND

    Total calculated
    $0
    Hours/week
    5 + 6 related

  • BARB WILSON

    CHAIR PUBLIC POLICY

    Total calculated
    $0
    Hours/week
    5 + 6 related

  • EVE HWANG

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5 + 6 related

  • SUSAN FULLER

    SECRETARY

    Total calculated
    $0
    Hours/week
    5 + 7 related

  • ASHLEIGH WALKER

    TREASURER

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • ELI ALLISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • DAVID BLANDFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • LEDA CHAHIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • BRANDON CHUN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • DANNY CORDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • STEPHANIE DALLAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 6 related

  • LINDA DI LELLO-MORTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • ROZ EDISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JENNY HARDING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • ANDREW HELD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JAMES HING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JAMIEE MARSH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KATIE MOONEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • MIKE NOVASIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • DUSTIN O'QUINN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • ALEX OH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JAY PETTERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • TRISTEN PAMPHLET-GARDNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • ROBY SCHAPIRA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • LISA STERRITT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • DOMINIQUE STEPHENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • NAT STRATTON-CLARKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • ANDREW WILSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • MARK ROSEN

    ACTING PRESIDENT AND CEO

    Total calculated
    $68,997
    From this org
    $0
    From related orgs
    $66,903
    Other
    $2,094
    Hours/week
    20 + 22 related

  • RACHEL CHERNIN

    VP OPERATIONS AND DIRECTOR FINANCE

    Total calculated
    $118,107
    From this org
    $0
    From related orgs
    $108,178
    Other
    $9,929
    Hours/week
    20 + 20 related

  • ILONA LOHREY

    VP MEMBERSHIP AND PROGRAMS

    Total calculated
    $140,117
    From this org
    $0
    From related orgs
    $129,625
    Other
    $10,492
    Hours/week
    20 + 22 related

  • MICHAEL SOTO

    PRESIDENT AND CEO

    Total calculated
    $150,000
    From this org
    $0
    From related orgs
    $150,000
    Other
    $0
    Hours/week
    20 + 20 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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
12 September 2023
IRS schema version
2022v5.0
Source object
202322719349300337

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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