Oneredmond Foundation EIN 27-1122671 Form 990 (PDF) Claim this org

Oneredmond Foundation

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Builds an inclusive community, enlivens urban centers, and encourages people to live, learn, work, and play. For fiscal year 2024 it reported $408K in revenue, $385K in expenses, and $75K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Redmond, WA
Filings
5 on file (2020–2024)
Revenue
$408KFY2024
Expenses
$385K
Net assets
$75K
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-1122671 Public charity (501(c)(3)) Redmond, WA
Form 990 (PDF)
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Size
$100K–1M
What they do
Builds an inclusive community, enlivens urban centers, and encourages people to live, learn, work, and play.
Leadership
Bill Biggs · Secretary
Money in and out
$408K revenue, $385K expenses
Bottom line
98% program efficiency
Where the money goes · FY2024
Total revenue
$408K
Pt VIII · Ln 12
Total expenses
$385K
Pt IX · Ln 25
Net assets
$75K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $23K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs-0.04% vs prior filing year
Operating runway
2.5mo
months of highly liquid reserves at operating expense rate▲ +19% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▲ +140% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$408K
FY2024▲ +58%
Expenses
$385K
FY2024▲ +30%
Total assets
$75K
FY2024▲ +44%
Total liabilities
$0
FY2024
Total revenue
$408K
Pt VIII · Ln 12
Total expenses
$385K
Pt IX · Ln 25
Net assets
$75K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$23K
Total assetsPt X · Ln 16$75K
Program-expense ratioPt IX · col B98%
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 COneredmond Foundation
EINHdr · item D27-1122671
Principal addressHdr · item CRedmond, WA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFMar 2010

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 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services account for $376K of program spending, described in the organization's own filed words · FY2024.
01

Promote tourism in redmond and support local hotels and small businesses.

$222Kprogram expense
02

Offer business acceleration services to small independent interactive media and video gaming sector.

$154Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$288K · 71%
Program service revenue$119K · 29%
Contributions & grants71%$288K
Program service revenue29%$119K
Investment income$1
— government grantsLn 1e$158K
Total revenueLn 12$408K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$376K
Management & general2%$9K
Total functional expensesLn 25$385K

Balance Sheet

Part X · end of year
CashLn 1$80K
Total assetsLn 16$75K
Total liabilitiesLn 26$0
Total net assetsLn 32$75K
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $80K · Operating expenses/yr $385K
2.5 months
Where the money goes
Program services
Program services $376K · Total expenses $385K
98%
Management & General
Management & general $9K · Total expenses $385K
2%
Fundraising
Fundraising $0 · Total expenses $385K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $130K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $288K · Total revenue $408K
71%
Government reliance
Government grants $158K · Total revenue $408K
39%
Earned-income share
Program service revenue $119K · Total revenue $408K
29%
Investment reliance
Investment income $1 · Total revenue $408K
<0.01%
Program self-sufficiency
Program service revenue $119K · Total expenses $385K
31%
Growth & trend
Revenue growth (YoY)
This year $408K · Prior year $258K
+58%
Revenue CAGR
FY2020 $187K · FY2024 $408K
+22%
Net-asset trend (YoY)
End of year $75K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $408K · Expenses $385K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $75K
Net-asset ratio
Net assets $75K · Total assets $75K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $75K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bill Biggs · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $385K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $385K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth 58%
Accounting 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
Total grants receivedfrom 2 funders$75K
Grants paid · 10 grants · $453K · 2021–2024
OneredmondWA · FY2024$123,388
OneredmondWA · FY2024$23,799
OneredmondWA · FY2024$6,869
OneredmondWA · FY2023$96,500
OneredmondWA · FY2023$15,644
OneredmondWA · FY2022$97,520
OneredmondWA · FY2022$52,000
OneredmondWA · FY2022$17,500
OneredmondWA · FY2022$6,795
OneredmondWA · FY2021$12,750

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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
FY2024 (Latest)$408K revenue · viewing · ⤓ 990 PDF
FY2023$258K revenue · ⤓ 990 PDF
FY2022$235K revenue · ⤓ 990 PDF
FY2021$215K revenue · ⤓ 990 PDF
FY2020$187K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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