Invested EIN 23-7189670 Form 990 (PDF) Claim this org

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Helps Washington students get to, stay in, and graduate school. For fiscal year 2025 it reported $2.8M in revenue, $1.1M in expenses, and $8.6M in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Renton, WA
Website
www.invested.org
Filings
6 on file (2020–2025)
Revenue
$2.8MFY2025
Expenses
$1.1M
Net assets
$8.6M
People
16
Filings
6
Updates
0
More identity details & actions ⌄
EIN  23-7189670 Public foundation / grantmaker Renton, WA
Form 990 (PDF)
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Figures match the IRS filing checked 8/31/26 · see original: IRS
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Size
$1–10M
What they do
Helps Washington students get to, stay in, and graduate school.
Leadership
David Hartness · Operations & Program Director · $108K
Money in and out
$2.8M revenue, $1.1M expenses
Bottom line
56% program efficiency
Grants paid & assets · FY2025
Total revenue
$2.8M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$8.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.7M
Where spending went · Part IX cols B–D
Program services $0.56 Management & general $0.36 Fundraising $0.07
Program efficiency
56%
of spending reaches programs▲ +32% vs prior filing year
Operating runway
93.1mo
months of highly liquid reserves at operating expense rate▲ +73% vs prior filing year
Surplus margin
+61%
revenue over expenses, this year▲ +198% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$2.8M
FY2025▲ +168%
Expenses
$1.1M
FY2025▼ -36%
Total assets
$8.9M
FY2025▲ +9%
Total liabilities
$227K
FY2025▼ -17%
Total revenue
$2.8M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$8.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.7M
Total assetsPt X · Ln 16$8.9M
Program-expense ratioPt IX · col B56%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CInvested
EINHdr · item D23-7189670
Principal addressHdr · item CRenton, WA
WebsiteHdr · item Jwww.invested.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFJan 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Operations & Program Director
$108,243Pt VII · Sec A
Interim Executive Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

David Hartness’s $108K as Operations & Program Director is at the 37th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Joyce a Walters$211,301$153,432$131,137$118,835
Barney Herrera$143,365
Joyce Walters$108,795
David Hartness$108,243
Aformia Seleshi$105,769

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

2 program services account for $621K of program spending, described in the organization's own filed words · FY2024.
01

Each year, the organization provides program funding directly to secondary schools to make funds available for immediate use with minimal bureaucracy. With input from those who are closest to the students - their teachers, counselors or coaches - the school's local team funds items that specific students need, but cannot afford, allowing…

$433Kprogram expense
02

The organization has student equity through every donation program to allow donors to designate funds to be used at specific schools. The organization provided $59,656 in student equity through every donation funds during the year.

$188Kprogram expense

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Statement of Revenue

Part VIII
Investment income$1.9M · 69%
Contributions & grants$916K · 32%
Investment income69%$1.9M
Contributions & grants32%$916K
— government grantsLn 1e$450K
Total revenueLn 12$2.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.56 Management & general $0.36 Fundraising $0.07
Program services56%$621K
Management & general36%$401K
Fundraising7%$78K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$267K
Total assetsLn 16$8.9M
Total liabilitiesLn 26$227K
Total net assetsLn 32$8.6M
Months of cash on handcomputed2.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $8.5M · Operating expenses (Pt IX) $1.1M · Less non-cash grants $2K · Cash operating expenses/yr $1.1M
93.1 months
Where the money goes
Program services
Program services $621K · Total expenses $1.1M
56%
Management & General
Management & general $401K · Total expenses $1.1M
36%
Fundraising
Fundraising $78K · Total expenses $1.1M
7%
Cost to raise $1
Fundraising expense (3-yr avg) $404K · Solicited contributions (3-yr avg) $502K
$0.80 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $916K · Total revenue $2.8M
32%
Government reliance
Government grants $450K · Total revenue $2.8M
16%
Earned-income share
Program service revenue $0 · Total revenue $2.8M
0%
Investment reliance
Investment income $1.9M · Total revenue $2.8M
+69%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.1M
0%
Growth & trend
Revenue growth (YoY)
This year $2.8M · Prior year $1.1M
+168%
Revenue CAGR
FY2019 $1.9M · FY2024 $2.8M
+8%
Net-asset trend (YoY)
End of year $8.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.8M · Expenses $1.1M
+61%
Liabilities-to-Assets
Total liabilities — · Total assets $8.9M
Net-asset ratio
Net assets $8.6M · Total assets $8.9M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $8.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $8.9M
93%
People & payroll
Highest Reported Total Compensation
Individual David Hartness · Reported title OPERATIONS & PROGRAM DIRECTOR · Highest reported compensation $108K · Total expenses $1.1M
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $248K · Total expenses $1.1M
23%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 56%
Overhead ratio 36%
Fundraising cost ratio 9%
Revenue growth 168%
Investment management fee ratio 0.3%
Legal fee ratio 0.06%
Accounting fee ratio 4%
Fundraising fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 10 funders →
Grants paid · 149 grants · $2.5M · 2019–2024
Rainier Beach High SchoolFY2024$40,820
Garfield High SchoolFY2024$11,140
Interagency AcademyFY2024$10,540
Aki Kurose Middle SchoolFY2024$10,520
Franklin High SchoolFY2024$10,510
Washington Middle School - SeattleFY2024$10,220
McKnight Middle SchoolFY2024$7,500
Kamiakin Middle SchoolFY2024$5,638
Medical Lake School DistrictFY2023$27,170
Riverside School DistrictFY2023$11,500
Juanita High SchoolFY2023$10,780
John R Rogers High SchoolFY2023$6,898
Ridgefield High SchoolFY2023$5,490
Rainier Beach High SchoolFY2022$11,320
Chief Sealth International High SchoolFY2022$6,940
Mariner High SchoolFY2022$5,095
Mount Baker School DistrictFY2021$10,000
Brewster School DistrictFY2021$10,000
See all 149 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$2.8M revenue · viewing · ⤓ 990 PDF
FY2024$1.1M revenue · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF
FY2022$1.3M revenue · ⤓ 990 PDF
FY2021$5.1M revenue · ⤓ 990 PDF
FY2020$1.9M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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