Form 990 for tax year 2024

Filed by PIKE PLACE MARKET FOUNDATION.

Totals

Total revenue: $3,467,746
Total expenses: $3,608,581
Contributions and grants received: $3,369,366
Grants paid: $1,718,566
Program service revenue: $0
Investment income: $272,952
Other revenue: -$174,572
Total assets, end of year: $10,657,923
Total liabilities, end of year: $1,661,571
Net assets or fund balances, end of year: $8,996,352
Program services expenses (Part IX): $2,440,211
Management and general expenses: $439,384
Fundraising expenses: $728,986
Program service expenses (Part III): $2,440,211

Program services were 67.6% 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.

1c · Fundraising events

$709,415
1f · All other contributions, gifts and grants

$2,659,951
1g · Noncash contributions included above

$323,664
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $272,952 · related or exempt $0 · unrelated business $0 · excluded $272,952
5 · Royalties

total $83,128 · related or exempt $0 · unrelated business $0 · excluded $83,128
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
8a · Fundraising events: gross income

$291,309
8a · Fundraising events: contributions included on line 1c

$709,415
8b · Fundraising events: direct expenses

$546,597
8c · Net income from fundraising events

total -$255,288 · unrelated business $0 · excluded -$255,288
9a · Gaming: gross income

$48,313
9b · Gaming: direct expenses

$50,725
9c · Net income from gaming

total -$2,412 · related or exempt $0 · unrelated business $0 · excluded -$2,412
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $1,497,934 · program services $1,497,934
2 · Grants to domestic individuals

total $220,632 · program services $220,632
5 · Compensation of officers, directors and key employees

total $231,796 · program services $86,484 · management and general $17,175 · fundraising $128,137
7 · Other salaries and wages

total $724,316 · program services $270,246 · management and general $53,667 · fundraising $400,403
8 · Pension plan contributions

total $22,635 · program services $8,445 · management and general $1,677 · fundraising $12,513
9 · Other employee benefits

total $135,457 · program services $50,540 · management and general $10,036 · fundraising $74,881
10 · Payroll taxes

total $43,755 · program services $16,325 · management and general $3,242 · fundraising $24,188
11c · Fees: accounting

total $105,213 · program services $0 · management and general $105,213 · fundraising $0
11f · Fees: investment management

total $64,637 · program services $0 · management and general $64,637 · fundraising $0
11g · Fees: other

total $52,731 · program services $9,959 · management and general $34,127 · fundraising $8,645
13 · Office expenses

total $113,466 · program services $67,006 · management and general $46,496 · fundraising -$36
14 · Information technology

total $61,882 · program services $1,472 · management and general $10,461 · fundraising $49,949
22 · Depreciation, depletion and amortization

total $58,425 · program services $31,283 · management and general $27,142 · fundraising $0
23 · Insurance

total $6,130 · program services $0 · management and general $6,130 · fundraising $0
24a · Other expenses: FOOD ACCESS

total $180,540 · program services $169,133 · management and general $6,110 · fundraising $5,297
24b · Other expenses: MISCELLANEOUS

total $54,479 · program services $10,752 · management and general $39,180 · fundraising $4,547
24c · Other expenses: CREDIT CARD PROCESSING

total $20,462 · program services $0 · management and general $0 · fundraising $20,462
24d · Other expenses: CONTINUING EDUCATION

total $14,091 · program services $0 · management and general $14,091 · fundraising $0
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $2,753,661 · end of year $2,527,624
3 · Pledges and grants receivable

beginning of year $220,192 · end of year $154,405
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $43,498 · end of year $30,235
10a · Land, buildings and equipment: cost or other basis

$865,443
10b · Land, buildings and equipment: accumulated depreciation

$449,556
10c · Land, buildings and equipment, net

beginning of year $415,257 · end of year $415,887
11 · Investments: publicly traded securities

beginning of year $7,102,562 · end of year $7,529,772
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $133,130 · end of year $142,695
18 · Grants payable

beginning of year $1,371,000 · end of year $1,398,000
19 · Deferred revenue

beginning of year $105,000 · end of year $120,876
22 · Loans and payables to officers and key people

end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $5,376,246 · end of year $5,255,290
28 · Net assets with donor restrictions

beginning of year $3,549,794 · end of year $3,741,062

Mission and programs · 2024

Mission

TO RAISE FUNDS TO SUPPORT PROGRAMS THAT SERVE LOW-INCOME PEOPLE, HERITAGE PROGRAMS, AND PUBLIC IMPROVEMENTS IN SEATTLE'S PIKE PLACE MARKET.

CONSISTS OF DISBURSEMENTS TO THE FOLLOWING MARKET-RELATED NOT-FOR-PROFIT ENTITIES: PIKE MARKET MEDICAL CLINIC - PROVIDES LOW COST OR FREE MEDICAL SERVICES FOR ELDERLY AND LOW INCOME RESIDENTS OF THE MARKET AREA AND DOWNTOWN SEATTLE. $413K PIKE MARKET SENIOR CENTER - PROVIDES MEALS, SOCIAL WORK, EMPLOYMENT, AND HOUSING SERVICES FOR LOW INCOME SENIORS OF THE MARKET AREA AND DOWNTOWN SEATTLE. $360K PIKE MARKET CHILD CARE & PRESCHOOL - PROVIDES DAYCARE FOR LOW INCOME WORKING FAMILIES IN THE AREA. $376,632 PIKE MARKET FOOD BANK - PROVIDES FOOD TO DOWNTOWN RESIDENTS WHO WOULDN'T OTHERWISE BE ABLE TO GET FOOD. $245K FOOD ACCESS PROJECT & MARKET FRESH COUPONS - A FOOD-COUPON SYSTEM FOR LOW-INCOME RESIDENTS TO RECEIVE FARM FRESH PRODUCE $172,929 HERITAGE HOUSE AT THE MARKET - AN ASSISTED LIVING PROGRAM TO SERVE LOW INCOME AND SENIOR DOWNTOWN RESIDENTS. $85K.

Expenses $1,497,934 · Grants $1,497,934
IN LATE 2017, THE FOUNDATION OPENED THE MARKET COMMONS ("THE COMMONS"), LOCATED IN THE NEW MARKETFRONT. THE COMMONS IS A WELCOMING AND INCLUSIVE NEIGHBORHOOD CENTER THAT PROVIDES COMMUNITY RESOURCES AS WELL AS PROGRAMS AND ACTIVITIES IN THE MARKET. THE COMMONS EXPANDS DELIVERY OF SOCIAL SERVICES - BOTH IN THE SCOPE OF SERVICES CURRENTLY OFFERED AND IN THE NUMBER OF PEOPLE SERVED BY PARTNER AGENCIES.

Expenses $721,645
SAFETY NET EMERGENCY RELIEF FOR THOSE LIVING/WORKING IN AND AROUND THE MARKET COMMUNITY. GRANTS ARE PAID DIRECTLY TO SERVICE PROVIDE I.E. UTILITY COMPANY, RENTAL AGENCY. $76,423 SMALL BUSINESS GRANTING PROGRAM - GRANTS PAID TO MARKET BUSINESS, STARTED AS COVID RELIEF, CONTINUES. APPLICATIONS WITH SPECIFIC BUSINESS EXPENSES CITED. $135,904

Expenses $220,632 · Grants $220,632

As filed on the 2024 return.

Listed in Part VII

CHRISTINE CRAIG

SECRETARY

Total calculated

$0

Hours/week

2
JESSICA CARSO BHUIYAN

EXECUTIVE DIRECTOR, SEARCH COMM

Total calculated

$0

Hours/week

2
JONATHAN BAHE

PRESIDENT ELECT

Total calculated

$0

Hours/week

2
KIRSTEN ANDERSON

PRESIDENT

Total calculated

$0

Hours/week

2
SARAH MILLS

TREASURER

Total calculated

$0

Hours/week

2
ALAN CAI

DIRECTOR

Total calculated

$0

Hours/week

2
ASHLEY HAYES

DIRECTOR

Total calculated

$0

Hours/week

2
CHRIS VOLK

DIRECTOR

Total calculated

$0

Hours/week

2
CLINT BENNETT

DIRECTOR

Total calculated

$0

Hours/week

2
CORA CHAIREZ-CARTER

DIRECTOR

Total calculated

$0

Hours/week

2
DEAN MORELL

DIRECTOR

Total calculated

$0

Hours/week

2
EDDIE KIRSCHENBAUM

DIRECTOR

Total calculated

$0

Hours/week

2
EDWARD GAY

DIRECTOR

Total calculated

$0

Hours/week

2
HEATHER YANG HWALEK

DIRECTOR

Total calculated

$0

Hours/week

2
HENRY ARIAS

DIRECTOR

Total calculated

$0

Hours/week

2
JAMIE CAMPBELL

DIRECTOR

Total calculated

$0

Hours/week

2
JASON HAMBLIN

DIRECTOR

Total calculated

$0

Hours/week

2
JOEL CARSLEY

DIRECTOR

Total calculated

$0

Hours/week

2
JOHN BATES

DIRECTOR

Total calculated

$0

Hours/week

2
KA BAO LEE

DIRECTOR

Total calculated

$0

Hours/week

2
KEN KATZAROFF

DIRECTOR

Total calculated

$0

Hours/week

2
KIM RAMIREZ

DIRECTOR

Total calculated

$0

Hours/week

2
LARRY MELLUM

DIRECTOR

Total calculated

$0

Hours/week

2
MARLANA KOHN

DIRECTOR

Total calculated

$0

Hours/week

2
MARTHA MICKELSON

DIRECTOR

Total calculated

$0

Hours/week

2
MARY GRACE ROSKE

DIRECTOR

Total calculated

$0

Hours/week

2
MATT ROSSTON

DIRECTOR

Total calculated

$0

Hours/week

2
MELITA LOVE

DIRECTOR

Total calculated

$0

Hours/week

2
MICHAEL WOODY

DIRECTOR

Total calculated

$0

Hours/week

2
MICHELE SHAW

DIRECTOR

Total calculated

$0

Hours/week

2
NATALIE ROMIG

DIRECTOR

Total calculated

$0

Hours/week

2
NICK FERDERER

DIRECTOR

Total calculated

$0

Hours/week

2
RALUCA POP

DIRECTOR

Total calculated

$0

Hours/week

2
ROSALYN ADAMS

DIRECTOR

Total calculated

$0

Hours/week

2
SCOTT WASNER

DIRECTOR

Total calculated

$0

Hours/week

2
SKYE SAYLOR

DIRECTOR

Total calculated

$0

Hours/week

2
WARREN STICKNEY

DIRECTOR

Total calculated

$0

Hours/week

2
LILLIAN SHERMAN

EXECUTIVE DIRECTOR

Total calculated

$174,050

From this org

$160,950

From related orgs

$0

Other

$13,100

Hours/week

40

Schedule J breakdown matched by us

Base

$160,950

Bonus

$0

Other

$0

Deferred

$4,828

Nontaxable benefits

$8,272

Filer's total

$174,050
CRYSTAL DIXON

DIRECTOR OF STRATEGIC IMPACT

Total calculated

$127,013

From this org

$115,276

From related orgs

$0

Other

$11,737

Hours/week

40
PATRICIA GRAY

DIRECTOR OF PHILANTHROPY

Total calculated

$131,654

From this org

$119,857

From related orgs

$0

Other

$11,797

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

3 · Approval by the board or compensation committee

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
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

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

PIKE MARKET SENIOR CENTER & FOOD BANK

$605,000

FOOD AND SENIOR SERVICES
PIKE MARKET MEDICAL CLINIC

$413,000

MEDICAL SERVICES
PIKE MARKET CHILD CARE & PRESCHOOL

$376,632

CHILDCARE SERVICES
HERITAGE HOUSE AT THE MARKET

$85,000

SENIOR LIVING SERVICES

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.

PIKE MARKET DEVELOPMENT AUTHORITY

501(c)(1) · PROPERTY MANAGEMENT · WA

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2024
Filed: 13 February 2026
IRS schema version: 2024v5.1
Source object: 202610449349301326

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

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