University District Service Fund EIN 46-0468145

University District Service Fund

EIN  46-0468145 Higher education institution Seattle, WA Founded 2002
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/25/26 · see original filing: IRS
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Size
$1–10M
What they do
Revitalizes neighborhoods and promotes economic development for a more livable Seattle University District.
Leadership
John Blakeney · Executive Director · $169K
Money in and out
$2.4M revenue, $2.4M expenses
Bottom line
+1% operating surplus

Revitalizes neighborhoods and promotes economic development for a more livable Seattle University District. For fiscal year 2024 it reported $2.4M in revenue, $2.4M in expenses, and $288K in net assets.Pt I

Financial scale & money flow · FY2024
Total revenue
$2.4M
Pt VIII · Ln 12
Total expenses
$2.4M
Pt IX · Ln 25
Net assets
$288K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $21K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Operating surplus
+1%
revenue over expenses, this legal entity▲ +18% vs prior filing year
Payroll share
48%
of this entity's spending is salaries & benefits▲ +121% vs prior filing year
Program spending
95%
of expenses reach program services▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.4M
FY2024▼ -46%
Expenses
$2.4M
FY2024▼ -46%
Total assets
$852K
FY2024▲ +80%
Total liabilities
$564K
FY2024▲ +175%
Total revenue
$2.4M
Pt VIII · Ln 12
Total expenses
$2.4M
Pt IX · Ln 25
Net assets
$288K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$21K
Total assetsPt X · Ln 16$852K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 420
Mission & Programs · Part III

Where the work happens

3 program services account for $2.3M of program spending, described in the organization's own filed words · FY2024.
01

Clean & SafeThe U District Partnership (UDP) has taken a proactive and collaborative approach to addressing litter and cleanliness challenges in the neighborhood through a strategic partnership with the City of Seattle and Recology.

$2.3Mprogram expense
02

Economic Development and EventsExpanded light rail service, new residential development, and an increase in the UW student population continue to enhance neighborhood vibrancy and visitation.

Pt IX · col B
03

Urban VitalityThe long-awaited tables have officially arrived in the U District, bringing a fresh update to one of the neighborhood's most beloved gathering spaces. The U District Partnership (UDP) partnered with JumpShip Mfg to design and deliver a new set of tables for the 43rd Street Plaza, replacing the well-used picnic tables that…

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUniversity District Service Fund
EINHdr · item D46-0468145
Principal addressHdr · item CSeattle, WA
WebsiteHdr · item Jwww.udistrictpartnership.org
Year of formationHdr · item L2002
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFMar 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1b20
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Executive Director
$169,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

John Blakeney’s $169K as Executive Director is at the 55th percentile of top reported officer pay among 2834 $1–10M community development 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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
John Blakeney$169,000
John Blakeney$168,989$168,999$163,000$72,205
Mark Crawford$102,413$155,000

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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Statement of Revenue

Part VIII
Contributions & grants$2.2M · 90%
Program service revenue$244K · 10%
Contributions & grants90%$2.2M
Program service revenue10%$244K
Investment income$272
— government grantsLn 1e$2.1M
Total revenueLn 12$2.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$2.3M
Management & general5%$118K
Total functional expensesLn 25$2.4M

Balance Sheet

Part X · end of year
CashLn 1$131K
Total assetsLn 16$852K
Total liabilitiesLn 26$564K
Total net assetsLn 32$288K
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $131K · Operating expenses/yr $2.4M
0.7 months
Where the money goes
Program services
Program services $2.3M · Total expenses $2.4M
95%
Management & General
Management & general $118K · Total expenses $2.4M
5%
Fundraising
Fundraising $0 · Total expenses $2.4M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $153K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2.2M · Total revenue $2.4M
90%
Government reliance
Government grants $2.1M · Total revenue $2.4M
87%
Earned-income share
Program service revenue $244K · Total revenue $2.4M
10%
Investment reliance
Investment income $272 · Total revenue $2.4M
0%
Program self-sufficiency
Program service revenue $244K · Total expenses $2.4M
10%
Growth & trend
Revenue growth (YoY)
This year $2.4M · Prior year $4.5M
-46%
Revenue CAGR
FY2019 $1.0M · FY2024 $2.4M
+19%
Net-asset trend (YoY)
End of year $288K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.4M · Expenses $2.4M
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $852K
Net-asset ratio
Net assets $288K · Total assets $852K
34%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $852K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John Blakeney · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $169K · Total expenses $2.4M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.2M · Total expenses $2.4M
48%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Revenue growth -46%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$7K

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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$4.5M revenue · ⤓ 990 PDF
FY2023$4.3M revenue · ⤓ 990 PDF
FY2022$1.8M revenue · ⤓ 990 PDF
FY2021$1.4M revenue · ⤓ 990 PDF
FY2020$1.0M 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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