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Nonprofiteer
← FRIENDS OF SEATTLE WATERFRONT

Form 990 for tax year 2022

Filed by FRIENDS OF SEATTLE WATERFRONT.

Totals

Total revenue
$21,501,273
Total expenses
$27,418,369
Contributions and grants received
$21,128,663
Grants paid
$20,100,000
Program service revenue
$15,266
Investment income
$357,344
Other revenue
$0
Total assets, end of year
$26,413,747
Total liabilities, end of year
$479,220
Net assets or fund balances, end of year
$25,934,527
Program services expenses (Part IX)
$25,656,395
Management and general expenses
$832,242
Fundraising expenses
$929,732
Program service expenses (Part III)
$25,656,395

Program services were 93.6% 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.

  • 1e · Government grants (contributions)

    $69,766

  • 1f · All other contributions, gifts and grants

    $21,058,897

  • 2a · Program service revenue: Program Revenue

    total $15,266 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $357,344 · unrelated business $0 · excluded $357,344

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,100,000 · program services $20,100,000

  • 5 · Compensation of officers, directors and key employees

    total $303,805 · program services $103,808 · management and general $60,761 · fundraising $139,236

  • 7 · Other salaries and wages

    total $2,433,709 · program services $1,589,128 · management and general $407,942 · fundraising $436,639

  • 8 · Pension plan contributions

    total $59,783 · program services $36,971 · management and general $10,236 · fundraising $12,576

  • 9 · Other employee benefits

    total $332,815 · program services $205,857 · management and general $56,933 · fundraising $70,025

  • 10 · Payroll taxes

    total $272,101 · program services $168,273 · management and general $46,588 · fundraising $57,240

  • 11b · Fees: legal

    total $64,015 · program services $0 · management and general $64,015 · fundraising $0

  • 11c · Fees: accounting

    total $72,939 · program services $0 · management and general $72,939 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $57,195 · fundraising $57,195

  • 11g · Fees: other

    total $248,896 · program services $160,057 · management and general $33,001 · fundraising $55,838

  • 12 · Advertising and promotion

    total $456,441 · program services $447,760 · management and general $0 · fundraising $8,681

  • 13 · Office expenses

    total $63,756 · program services $39,428 · management and general $10,916 · fundraising $13,412

  • 14 · Information technology

    total $84,819 · program services $52,454 · management and general $14,522 · fundraising $17,843

  • 16 · Occupancy

    total $55,603 · program services $34,386 · management and general $9,520 · fundraising $11,697

  • 17 · Travel

    total $29,436 · program services $18,204 · management and general $5,040 · fundraising $6,192

  • 19 · Conferences, conventions and meetings

    total $92,914 · program services $82,890 · management and general $1,138 · fundraising $8,886

  • 22 · Depreciation, depletion and amortization

    total $132,241 · program services $129,371 · management and general $1,288 · fundraising $1,582

  • 23 · Insurance

    total $34,986 · program services $21,636 · management and general $5,990 · fundraising $7,360

  • 24a · Other expenses: Public Space Programming

    total $782,693 · program services $782,693 · management and general $0 · fundraising $0

  • 24b · Other expenses: Park Operations

    total $1,640,946 · program services $1,640,946 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $99,276 · program services $42,533 · management and general $31,413 · fundraising $25,330

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,216,532 · end of year $4,478,055

  • 2 · Savings and temporary cash investments

    beginning of year $17,998,228 · end of year $14,344,212

  • 3 · Pledges and grants receivable

    beginning of year $10,939,962 · end of year $7,220,912

  • 4 · Accounts receivable

    beginning of year $500 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $50,917

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

    $523,472

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

    $203,821

  • 10c · Land, buildings and equipment, net

    beginning of year $140,347 · end of year $319,651

  • 17 · Accounts payable and accrued expenses

    beginning of year $445,946 · end of year $479,220

  • 27 · Net assets without donor restrictions

    beginning of year $24,304,766 · end of year $18,425,335

  • 28 · Net assets with donor restrictions

    beginning of year $7,544,857 · end of year $7,509,192

Mission and programs · 2022

Mission

To help build and steward the future park along Seattle's centeral waterfront shoreline through a public benefit partnership with the City of Seattle.

Activities or mission (Part I)

To support, through outreach, fundraising and stewardship, the City's Waterfront Seattle project: Creation of a park along the central shoreline to benefit the public

  • Friends of Waterfront Seattle is the nonprofit partner to the City of Seattle to help build, operate, program, and steward the future Waterfront Park, scheduled to open in 2025. The first piece of the park - Pier 62 - began programming in July 2021, as COVID public health guidelines allowed. Events and programs summary data includes: Total Events and Activations: 293 Total in-person programs attendance: 70,000+ Total organizational program partners: 50 Total artists and performers: 200+ Friends' 2022 activations featured more than 80% Black, Indigenous, and People of Color artists, performers, dancers, and storytellers as part of an ongoing effort to ensure that the park is welcoming and safe for everyone to call home in Seattle.

    Expenses $5,656,395 · Grants $100,000 · Revenue $15,266

  • Grant to City of Seattle for capital improvements to the Central Waterfront Project.

    Expenses $20,000,000 · Grants $20,000,000

As filed on the 2022 return.

Listed in Part VII

  • Mary Bass

    Director

    Total calculated
    $0
    Hours/week
    1

  • Carol Binder

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tom Byers

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chris DeVore

    Director

    Total calculated
    $0
    Hours/week
    1

  • Leonard Forsman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Olive Goh

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paul Goodrich

    Director

    Total calculated
    $0
    Hours/week
    1

  • Patrick Gordon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sandra Jackson-Dumont

    Director

    Total calculated
    $0
    Hours/week
    1

  • Falona Joy

    Director

    Total calculated
    $0
    Hours/week
    1

  • Martha Kongsgaard

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dan Kully

    Director

    Total calculated
    $0
    Hours/week
    1

  • Carla Lewis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lori Metcalf

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Nesholm

    Treasurer and Director

    Total calculated
    $0
    Hours/week
    2

  • Jeannie Nordstrom

    Director

    Total calculated
    $0
    Hours/week
    1

  • Stuart Rolfe

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charles Royer

    Director (Emeritus)

    Total calculated
    $0
    Hours/week
    1

  • Kayey Runstad Swan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ryan Smith

    Director

    Total calculated
    $0
    Hours/week
    1

  • Louie Ungaro

    Director

    Total calculated
    $0
    Hours/week
    1

  • Maggie Walker

    President and Director

    Total calculated
    $0
    Hours/week
    5

  • Brady Pinero Walkinshaw

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charles Wright

    Secretary and Director

    Total calculated
    $0
    Hours/week
    1

  • P Thatcher Bailey

    Executive Director (Jan-Jul)

    Total calculated
    $182,453
    From this org
    $177,139
    From related orgs
    $0
    Other
    $5,314
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,139
    Bonus
    $50,000
    Other
    $0
    Deferred
    $5,314
    Nontaxable benefits
    $5,834
    Filer's total
    $188,287

  • Joy Shigaki

    Executive Director (Aug-Dec)

    Total calculated
    $129,810
    From this org
    $126,665
    From related orgs
    $0
    Other
    $3,145
    Hours/week
    40

  • Eldon Tam

    Chief Operating Officer

    Total calculated
    $183,371
    From this org
    $178,013
    From related orgs
    $0
    Other
    $5,358
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,513
    Bonus
    $1,500
    Other
    $0
    Deferred
    $5,358
    Nontaxable benefits
    $8,751
    Filer's total
    $192,122

  • Yoon Kang-O'Higgins

    Director of Public Programs

    Total calculated
    $146,862
    From this org
    $142,567
    From related orgs
    $0
    Other
    $4,295
    Hours/week
    40

  • Anna O'Donnell

    Chief Philanthropy Officer

    Total calculated
    $162,635
    From this org
    $157,882
    From related orgs
    $0
    Other
    $4,753
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,882
    Bonus
    $0
    Other
    $0
    Deferred
    $4,754
    Nontaxable benefits
    $8,751
    Filer's total
    $171,387

  • Marie Kidhe

    Director of Community Relations

    Total calculated
    $119,961
    From this org
    $116,617
    From related orgs
    $0
    Other
    $3,344
    Hours/week
    40

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

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Pt I Line 7
Performance Bonus

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

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2023
IRS schema version
2022v5.0
Source object
202342209349301304

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