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Nonprofiteer
← SEATTLE GOOD BUSINESS NETWORK

Form 990 for tax year 2022

Filed by SEATTLE GOOD BUSINESS NETWORK.

Totals

Total revenue
$1,867,849
Total expenses
$1,881,087
Contributions and grants received
$1,731,780
Grants paid
$749,210
Program service revenue
$136,048
Investment income
$21
Other revenue
$0
Total assets, end of year
$388,498
Total liabilities, end of year
$378,303
Net assets or fund balances, end of year
$10,195
Program services expenses (Part IX)
$1,518,554
Management and general expenses
$292,611
Fundraising expenses
$69,922
Program service expenses (Part III)
$1,518,554

Program services were 80.7% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $1,246,511

  • 1f · All other contributions, gifts and grants

    $485,269

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Youth Program

    total $73,803 · related or exempt $73,803 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Seattle Made

    total $23,839 · related or exempt $23,839 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Sustainability

    total $15,886 · related or exempt $15,886 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Good Food Economy

    total $14,763 · related or exempt $14,763 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: Community Engagement

    total $7,757 · related or exempt $7,757 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $21 · related or exempt $0 · unrelated business $0 · excluded $21

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $331,170 · program services $331,170

  • 2 · Grants to domestic individuals

    total $418,040 · program services $418,040

  • 5 · Compensation of officers, directors and key employees

    total $138,302 · program services $84,710 · management and general $32,847 · fundraising $20,745

  • 7 · Other salaries and wages

    total $258,054 · program services $168,454 · management and general $54,672 · fundraising $34,928

  • 9 · Other employee benefits

    total $34,008 · program services $21,388 · management and general $8,234 · fundraising $4,386

  • 10 · Payroll taxes

    total $30,770 · program services $19,693 · management and general $6,769 · fundraising $4,308

  • 11c · Fees: accounting

    total $21,446 · management and general $21,446

  • 11g · Fees: other

    total $363,274 · program services $310,622 · management and general $47,097 · fundraising $5,555

  • 12 · Advertising and promotion

    total $94,784 · program services $94,784

  • 13 · Office expenses

    total $41,341 · management and general $41,341

  • 14 · Information technology

    total $3,417 · program services $2,679 · management and general $738

  • 16 · Occupancy

    total $13,648 · program services $741 · management and general $12,907

  • 17 · Travel

    total $12,997 · program services $1,000 · management and general $11,997

  • 19 · Conferences, conventions and meetings

    total $719 · management and general $719

  • 20 · Interest

    total $2,593 · management and general $2,593

  • 22 · Depreciation, depletion and amortization

    total $124 · management and general $124

  • 23 · Insurance

    total $2,976 · program services $558 · management and general $2,418

  • 24a · Other expenses: Program Supplies

    total $113,424 · program services $64,715 · management and general $48,709 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $46,112 · end of year $226,019

  • 2 · Savings and temporary cash investments

    beginning of year $11,841 · end of year $11,862

  • 3 · Pledges and grants receivable

    beginning of year $113,224 · end of year $145,728

  • 8 · Inventories for sale or use

    beginning of year $1,750 · end of year $1,750

  • 10a · Land, buildings and equipment: cost or other basis

    $5,614

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,475

  • 10c · Land, buildings and equipment, net

    beginning of year $124 · end of year $3,139

  • 17 · Accounts payable and accrued expenses

    beginning of year $90,001 · end of year $86,247

  • 19 · Deferred revenue

    end of year $162,231

  • 24 · Unsecured notes and loans payable

    beginning of year $35,622 · end of year $129,825

  • 27 · Net assets without donor restrictions

    beginning of year $47,428 · end of year $10,195

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

Seattle Good Business Network connects and inspires people to buy, produce, and invest locally, so that everyone has a meaningful stake in the local economy.

  • Good Food Economy: Initiatives to connect and strengthen the local food pipeline to build a resilient, sustainable, and just local food economy. Programming includes Good Food Forum, an online community of regional food businesses and organizations; Good Food Kitchens, food assistance, economic development, and local food resilience program serving King County that provides funds directly to restaurants and caterers to prepare meals for the food insecure, helping to keep their doors open and workers employed safely, while purchasing from local farms and producers, creating long-term local supply chain relationship; and Seattle Restaurant Week, a biannual event that connects connect thousands of residents with hundreds of locally owned restaurants to enjoy seasonal, locally sourced menus. The events educate residents about local farms and producers and the importance of a strong local food economy, and contributing millions of dollars to our local economy. They strengthen our community by creating real connections between and among residents and our small locally-owned businesses and between local farms and local restaurants. In 2022, this program reached 1,300 people, plus 47,314 meals served through Good Food Kitchens.

    Expenses $995,728 · Grants $686,785 · Revenue $14,763

  • Seattle Restored reinvigorates our city by activating vacant storefronts and windows in Seattle's neighborhoods with pop-up shops and art installations from local entrepreneurs, artists, and makers. These projects benefit neighborhoods, small businesses, artists, and property owners and encourage the public to visit downtown Seattle, and support local businesses and artists, particularly Black, Indigenous, and other entrepreneurs and artists of color. In 2022, this program served 150 people.

    Expenses $358,497 · Grants $56,025

  • Youth Program: Youth Workforce Development connects under-resourced youth to meaningful career and leadership opportunities, including internships, job shadowing, and mentorship opportunities. In 2022, this program served 29 people.

    Expenses $59,110 · Revenue $73,803

  • Seattle Made: A collaboration of over 700 local producers and manufacturers working together to provide a more diverse base of living wage jobs, a more fertile landscape for entrepreneurs, and opportunities to reduce the environmental impact of production and distribution while building the region's long-term resiliency and celebrating Seattle's unique cultural identity. This includes direct and indirect promotion of awareness and understanding through the Seattle area. Seattle Made programming has expanded to include Northwest Sewn, an initiative to support and connect the local sewn-trades industry, with an emphasis on connecting low-income sewing professionals to Seattle Made businesses in need of small-batch production and a pilot apprenticeship program for industrial sewing machine operators. In 2022, this program served 750 people.

    Expenses $51,213 · Revenue $23,839

  • Sustainability Program: Our sustainability program provides free resources and technical assistance to businesses to green their facilities and/or practices. The program additionally supports circular economy initiatives that help to find productive uses for materials otherwise destined for landfills. In 2022, this program served 817 people.

    Expenses $37,798 · Grants $12,000 · Revenue $15,886

  • Community Engagement: Community and educational events, convening leaders within specific local economy sectors, speaking engagements, and sharing of local economy stories and opportunities through online/email/social media. Efforts include regular convening of grassroots economic development leaders to share best practices and collaborate on initiatives designed to increase economic opportunity and stem displacement.

    Expenses $16,208 · Revenue $7,757

As filed on the 2022 return.

Listed in Part VII

  • Erin Adams

    Executive Director

    Total calculated
    $138,302
    From this org
    $120,000
    From related orgs
    $0
    Other
    $18,302
    Hours/week
    40

  • Inderjeet Ramgotra

    President

    Total calculated
    $0
    Hours/week
    1

  • Debbie Wege

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Celia Morant

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Art Stone

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lacey Warrior

    Director

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303189349318525

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