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

Oneredmond FY2020 filing

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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 2020 it reported $2.8M in revenue, $2.6M in expenses, and $385K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Redmond, WA
Website
www.oneredmond.org
Filings
5 on file (2020–2020)
Revenue
$2.8MFY2020
Expenses
$2.6M
Net assets
$385K
People
19
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-0535220 Business league / trade association Redmond, WA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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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 · $132K
Money in and out
$2.8M revenue, $2.6M expenses
Bottom line
+7% operating surplus
Membership & operating revenue · FY2020
Total revenue
$2.8M
Pt VIII · Ln 12
Total expenses
$2.6M
Pt IX · Ln 25
Net assets
$385K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $194K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Operating surplus
+7%
revenue over expenses
Earned revenue
0.8%
of revenue from program services & dues
Payroll share
17%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$2.8M
FY2020
Expenses
$2.6M
FY2020
Total assets
$469K
FY2020
Total liabilities
$84K
FY2020
Total revenue
$2.8M
Pt VIII · Ln 12
Total expenses
$2.6M
Pt IX · Ln 25
Net assets
$385K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$194K
Total assetsPt X · Ln 16$469K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

3 program services account for $439K of program spending, described in the organization's own filed words · FY2020.
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.

$439Kprogram expense
02

Win

To help interactive media companies in washington connect with each other and build awareness of the industry within the state.

Pt IX · col B
03

Fundraising

Conduct on-site visits to meet with existing and potential investors, and opening and closing receptions for campaigns.

Pt IX · col B

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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 1a16
Independent voting membersPt VI · Ln 1b15
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
$132,143Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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$2.7M · 96%
Other revenue$76K · 3%
Program service revenue$22K · 1%
Contributions & grants96%$2.7M
Other revenue3%$76K
Program service revenue1%$22K
Investment income$397
Total revenueLn 12$2.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$2.3M
Management & general10%$268K
Total functional expensesLn 25$2.6M

Balance Sheet

Part X · end of year
CashLn 1$397K
Total assetsLn 16$469K
Total liabilitiesLn 26$84K
Total net assetsLn 32$385K
Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $397K · Operating expenses/yr $2.6M
1.9 months
Where the money goes
Program services
Program services $2.3M · Total expenses $2.6M
90%
Management & General
Management & general $268K · Total expenses $2.6M
10%
Fundraising
Fundraising $0 · Total expenses $2.6M
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $2.7M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2.7M · Total revenue $2.8M
96%
Government reliance
Government grants — · Total revenue $2.8M
Earned-income share
Program service revenue $22K · Total revenue $2.8M
0.8%
Investment reliance
Investment income $397 · Total revenue $2.8M
+0.01%
Program self-sufficiency
Program service revenue $22K · Total expenses $2.6M
0.9%
Growth & trend
Revenue growth (YoY)
This year $2.8M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $385K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.8M · Expenses $2.6M
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $469K
Net-asset ratio
Net assets $385K · Total assets $469K
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $469K
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 $132K · Total expenses $2.6M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $433K · Total expenses $2.6M
17%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
Accounting fee ratio 4%

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 · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$988K revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$2.8M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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