Oneredmond EIN 46-0535220 Form 990 (PDF) Claim this org

Oneredmond

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Promotes civic and business involvement in Redmond, Washington, while providing economic relief and support to local businesses recovering from the pandemic. For fiscal year 2024 it reported $1.5M in revenue, $1.5M in expenses, and $351K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Redmond, WA
Website
www.oneredmond.org
Filings
5 on file (2020–2024)
Revenue
$1.5MFY2024
Expenses
$1.5M
Net assets
$351K
People
17
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-0535220 Business league / trade association Redmond, WA
Form 990 (PDF)
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Size
$1–10M
What they do
Promotes civic and business involvement in Redmond, Washington, while providing economic relief and support to local businesses recovering from the pandemic.
Leadership
Kristina E Hudson · Executive Di · $155K
Money in and out
$1.5M revenue, $1.5M expenses
Bottom line
-2% operating surplus
Membership & operating revenue · FY2024
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$351K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$33K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Operating surplus
-2%
revenue over expenses▼ -115% vs prior filing year
Earned revenue
34%
of revenue from program services & dues▲ +410% vs prior filing year
Payroll share
49%
of spending is salaries & benefits▼ -34% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.5M
FY2024▲ +28%
Expenses
$1.5M
FY2024▲ +54%
Total assets
$403K
FY2024▼ -71%
Total liabilities
$52K
FY2024▼ -95%
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$351K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$33K
Total assetsPt X · Ln 16$403K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

2 program services account for $1.2M of program spending, described in the organization's own filed words · FY2024.
01

Chamber of Commerce

To help the redmond business community prosper through advocacy, networking, and collaborative community involvement. Activities include membership breakfast meetings, luncheons, and other community events.

$671Kprogram expense
02

Covid-19 Assistance

To help the redmond business community during the economic hardships brought upon by the global pandemic.

$514Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COneredmond
EINHdr · item D46-0535220
Principal addressHdr · item CRedmond, WA
WebsiteHdr · item Jwww.oneredmond.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFSep 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b16
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$155,009Pt VII · Sec A
$118,851Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Kristina E Hudson’s $155K as Executive Di is at the 49th 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kristina E Hudson$155,009$147,211$134,100$141,305$132,143
Margo Shiroyama$118,851$102,273$105,390

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$888K · 61%
Program service revenue$498K · 34%
Other revenue$73K · 5%
Contributions & grants61%$888K
Program service revenue34%$498K
Other revenue5%$73K
Investment income$131
— government grantsLn 1e$557K
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$1.2M
Management & general21%$307K
Total functional expensesLn 25$1.5M

Balance Sheet

Part X · end of year
CashLn 1$271K
Total assetsLn 16$403K
Total liabilitiesLn 26$52K
Total net assetsLn 32$351K
Months of cash on handcomputed2.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $271K · Operating expenses/yr $1.5M
2.2 months
Where the money goes
Program services
Program services $1.2M · Total expenses $1.5M
79%
Management & General
Management & general $307K · Total expenses $1.5M
21%
Fundraising
Fundraising $0 · Total expenses $1.5M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $481K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $888K · Total revenue $1.5M
61%
Government reliance
Government grants $557K · Total revenue $1.5M
38%
Earned-income share
Program service revenue $498K · Total revenue $1.5M
34%
Investment reliance
Investment income $131 · Total revenue $1.5M
<0.01%
Program self-sufficiency
Program service revenue $498K · Total expenses $1.5M
33%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $1.1M
+28%
Revenue CAGR
FY2020 $2.8M · FY2024 $1.5M
-15%
Net-asset trend (YoY)
End of year $351K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $1.5M
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $403K
Net-asset ratio
Net assets $351K · Total assets $403K
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $403K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kristina E Hudson · Reported title EXECUTIVE DI · Highest reported compensation $155K · Total expenses $1.5M
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $730K · Total expenses $1.5M
49%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Fundraising cost ratio 0%
Revenue growth 28%
Accounting fee ratio 3%

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 1 funder$154K
Grants paid · 103 grants · $1.4M · 2020–2024
Various Businesses - 5000 EachFY2024$500,000
Redprime LLCFY2020$17,500
James & Klaus Management LLC DBA ReFY2020$17,500
Agave Cocina & CantinaFY2020$16,806
Kanishka Indian CuisineFY2020$16,083
Palmers EastFY2020$15,000
Postdoc Brewing (postdoc BeveragesFY2020$13,403
Chaat Corner CorporationFY2020$12,355
The Guilt TripFY2020$12,103
Boom Enterprises DBA Zeeks PizzaFY2020$11,686
Eastside Little LearnersFY2020$10,500
El Toreador RestaurantFY2020$10,000
Vehicle Monitor CorporationFY2020$10,000
The Grady SchoolWA · FY2020$10,000
The French Bakery LLCFY2020$10,000
The British Pantry LtdFY2020$10,000
Rakdee LLCFY2020$10,000
Practec LLCFY2020$10,000
See all 103 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
FY2024 (Latest)$1.5M revenue · viewing · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$988K revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$2.8M 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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