Third Place Technologies EIN 47-2732864

Third Place Technologies FY2022 filing

EIN  47-2732864 Public charity (501(c)(3)) Seattle, WA
Form 990 (PDF)
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Size
$100K–1M
What they do
Connects artists, technologists, and activists for creative collaboration and lifelong learning.
Leadership
Karen Molesky · Gallery and Community Manager · $22K
Money in and out
$53K revenue, $53K expenses
Bottom line
92% program efficiency

Connects artists, technologists, and activists for creative collaboration and lifelong learning. For fiscal year 2022 it reported $53K in revenue, $53K in expenses, and $12K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$53K
Pt VIII · Ln 12
Total expenses
$53K
Pt IX · Ln 25
Net assets
$12K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$74
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.03 Fundraising $0.05
Program efficiency
92%
of spending reaches programs
Operating runway
1.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
0%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$53K
FY2022▼ -39%
Expenses
$53K
FY2022▼ -30%
Total assets
$14K
FY2022▼ -1%
Total liabilities
$1K
FY2022
Total revenue
$53K
Pt VIII · Ln 12
Total expenses
$53K
Pt IX · Ln 25
Net assets
$12K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$74
Total assetsPt X · Ln 16$14K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $49K of program spending, described in the organization's own filed words · FY2022.
01

Collaboration Spaces

For 2022, our primary activity was running a membership-based art gallery and collaborative studio called Sky Artworks in the Town of Skykomish. We also provided administrative, fundraising, and art space support for a sister collaborative art space in Seattle called Passable Art.

$41Kprogram expense
02

Collaborative Events

We ran a collaborative art/tech event called Electric Sky in the Skykomish Ballpark, bringing togethers to collaborate and share their work in a popup makerspace and art show that is open to the public.

$6Kprogram expense
03

Education

We conducted a numbers workshops to foster life-long learning at the intersection of art and technologies both in our collaboration spaces and at our events.

$2Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThird Place Technologies
EINHdr · item D47-2732864
Principal addressHdr · item CSeattle, WA
WebsiteHdr · item Jthirdplacetechnologies.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U19)
Ruling yearIRS BMFMay 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Gallery and Community Manager
$22,484Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member and Treasurer
$0Pt VII · Sec A
President of the Board of Directors
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Karen Molesky’s $20K as Gallery Manager is at the 14th percentile of top reported officer pay among 311 $100K–1M science & technology 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 · 1 named individual · Part VII

NameFY2023FY2022
Karen Molesky$19,594$22,484

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 & grants100%$53K
— government grantsLn 1e$6K
Total revenueLn 12$53K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.03 Fundraising $0.05
Program services92%$49K
Management & general3%$2K
Fundraising5%$3K
Total functional expensesLn 25$53K

Balance Sheet

Part X · end of year
CashLn 1$9K
Total assetsLn 16$14K
Total liabilitiesLn 26$1K
Total net assetsLn 32$12K
Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $9K · Operating expenses/yr $53K
1.9 months
Where the money goes
Program services
Program services $49K · Total expenses $53K
92%
Management & General
Management & general $2K · Total expenses $53K
3%
Fundraising
Fundraising $3K · Total expenses $53K
5%
Cost to raise $1
Fundraising expense (2-yr avg) $1K · Solicited contributions (2-yr avg) $67K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $53K · Total revenue $53K
100%
Government reliance
Government grants $6K · Total revenue $53K
12%
Earned-income share
Program service revenue $0 · Total revenue $53K
0%
Investment reliance
Investment income $0 · Total revenue $53K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $53K
0%
Growth & trend
Revenue growth (YoY)
This year $53K · Prior year $87K
-39%
Net-asset trend (YoY)
End of year $12K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $53K · Expenses $53K
0%
Liabilities-to-Assets
Total liabilities — · Total assets $14K
Net-asset ratio
Net assets $12K · Total assets $14K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $14K
0%
People & payroll
Highest Reported Total Compensation
Individual Karen Molesky · Reported title Gallery and Community Manager · Highest reported compensation $22K · Total expenses $53K
42%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $25K · Total expenses $53K
47%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 3%
Fundraising cost ratio 5%
Revenue growth -39%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 2 funders$28K

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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)$100K revenue · ⤓ 990 PDF
FY2023$138K revenue · ⤓ 990 PDF
FY2022$53K revenue · viewing · ⤓ 990 PDF
FY2021$87K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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