Seattle Science Foundation FY2022 filing

Tax-deductible

Seattle, WA501(c)(3)Medical ResearchEIN 61-1502822Revenue $2.6M in FY2022

On file with the IRSseattlesciencefoundation.org550 17th Ave Ste 600, 98122-5797 · Seattle, WATax-exempt since Apr 2007Publicly supported charity — 170(b)(1)(A)(vi)

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Medical education, research, innovation and technology based in Seattle, washington.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
$541K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $306K a year · 12% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$541K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 13.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $33
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$42K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
-4% vs prior year
Spent
$2.8M
To programs
67%
Net assets
$3.6M
By yearFY2020–FY2024
Revenue
$2.6M
FY2022▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$2.7M
FY2022$2.6M
FY2023$2.5M
FY2024$2.9M
Expenses
$2.8M
FY2022▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.6M
FY2021$2.9M
FY2022$2.8M
FY2023$3.0M
FY2024$3.0M
Net assets
$3.6M
FY2022▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.0M
FY2021$3.8M
FY2022$3.6M
FY2023$3.1M
FY2024$2.9M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $1.9M Management & general 33% · $934K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $541K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Operating Officer
$275,000Pt VII · Sec A
Director - Education
$150,000Pt VII · Sec A
Lab Manager
$115,862Pt VII · Sec A
Frmr President
$0Pt VII · Sec A
Secretary - Thru 5/22
$0Pt VII · Sec A
Board President and CEO
$0Pt VII · Sec A
Secretary (part Year)
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A

Alexis Takasumi-West’s $275K as Chief Operating Officer, Secretary is at the 79th percentile of top reported officer pay among 360 $1–10M medical research 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

NameFY2024FY2023FY2022FY2021FY2020
Alexis Takasumi-West$275,000$275,000$275,000$275,000$275,000
Linda Sahlin$133,612$143,004$150,000$129,187$116,699
Gary Holley$120,000$113,581$115,862$105,000$105,000

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves global patient care by providing medical education, research opportunities, and collaborative technology platforms for physicians and healthcare professionals.

Provided by the organization

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1 program · $1.9M · in their own filed words · FY2022
01

See schedule oat providence, we use our voice to advocate for vulnerable populations and needed reforms in health care. We pursue innovative ways to transform health care by keeping people healthy, and making our services more convenient, accessible and affordable for all.

$1.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$33

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$1.2M
Other incomeLn 4–11$48K
Money outPt IX
$2.8M
Ln 25
Programscol B$1.9M
Managementcol C$934K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$3.2M
Total assetsLn 16$3.6M
LiabilitiesLn 26$42K
PeoplePt VI, VII
14
listed · VII A
PaidVII A3
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$23K
Noncash giftsLn 1g$13K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$325
Other incomeLn 4–11$48K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$3.2M
Cash and savings togetherLn 1–2$3.2M
Land, buildings, equipmentLn 10c$190K
Total assetsLn 16$3.6M
LiabilitiesLn 26$42K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 511
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$3.1M$3.2M
Land, buildings, equipmentLn 10c$285K$190K
Total assetsLn 16$3.8M$3.6M
LiabilitiesLn 26−$11K$42K
Net assetsLn 32$3.8M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$290K$156K$133K
Other salaries and wagesLn 7$470K$254K$216K
Pension plan contributionsLn 8$19K$10K$9K
Other employee benefitsLn 9$56K$30K$26K
Payroll taxesLn 10$52K$28K$24K
Accounting feesLn 11c$40K$40K
Other fees for servicesLn 11g$61K$39K$22K
Advertising and promotionLn 12$693$446$247
Office expensesLn 13$18K$12K$6K
Information technologyLn 14$82K$53K$29K
OccupancyLn 16$1.1M$681K$376K
TravelLn 17$16K$10K$6K
Conferences, conventions and meetingsLn 19$101K$101K
Depreciation, depletion and amortizationLn 22$96K$62K$34K
Other expenses (24a–d)Ln 24$458K$448K$10K
All other expensesLn 24e$6K$4K$2K
Total functional expensesLn 25$2.8M$1.9M$934K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.9M$3.0M−$191K$2.9M 990 PDF
FY2023 $2.5M$3.0M−$527K$3.1M 990 PDF
FY2022 Viewing $2.6M$2.8M−$206K$3.6M 990 PDF
FY2021 $2.7M$2.9M−$176K$3.8M 990 PDF
FY2020 $2.1M$2.6M−$429K$4.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $2,616,778 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,542,927$1,182,208
I-9 Program service revenuePrior year $1,145,382$1,386,046
I-10 Investment incomePrior year $312$325
I-11 Other revenuePrior year $36,102$48,199
I-12 Total revenuePrior year $2,724,723$2,616,778
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $855,529$886,760
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,045,439$1,935,795
I-18 Total expensesPrior year $2,900,968$2,822,555
I-19 Revenue less expensesPrior year −$176,245−$205,777
Part VI · Governance 0 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,616,778 across 9 lines filed
Lines not itemized here account for $18 of total revenue; see the IRS return.
VIII-1d Related organizations$360,000
VIII-1e Government grants$22,868
VIII-1f All other contributions, gifts and grants$799,340
VIII-1g Noncash contributions (included above)$12,840
VIII-1h Total contributions, gifts and grants$1,182,208
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,386,046$1,386,046
VIII-3 Investment incomeExcluded from tax $325$325
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $48,181$48,181
VIII-12 Total revenueRelated to mission $1,434,227 · Unrelated business $0 · Excluded from tax $343$2,616,778
Part IX · Statement of functional expenses $2,822,555 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $156,345 · Management $133,183$289,528
IX-7 Other salaries and wagesPrograms $253,661 · Management $216,082$469,743
IX-8 Pension plan contributionsPrograms $10,126 · Management $8,626$18,752
IX-9 Other employee benefitsPrograms $30,447 · Management $25,936$56,383
IX-10 Payroll taxesPrograms $28,271 · Management $24,083$52,354
IX-11c Accounting feesManagement $40,063$40,063
IX-11g Other fees for servicesPrograms $39,379 · Management $21,780$61,159
IX-12 Advertising and promotionPrograms $446 · Management $247$693
IX-13 Office expensesPrograms $11,666 · Management $6,453$18,119
IX-14 Information technologyPrograms $52,768 · Management $29,186$81,954
IX-16 OccupancyPrograms $680,538 · Management $376,408$1,056,946
IX-17 TravelPrograms $10,202 · Management $5,642$15,844
IX-19 Conferences, conventions and meetingsPrograms $101,074$101,074
IX-22 Depreciation, depletion and amortizationPrograms $61,527 · Management $34,031$95,558
IX-24 Other expenses (24a–d)Programs $448,281 · Management $9,653$457,934
IX-24e All other expensesPrograms $4,154 · Management $2,297$6,451
IX-25 Total functional expensesPrograms $1,888,885 · Management $933,670 · Fundraising $0$2,822,555
Part X · Balance sheet $3,643,216 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $3,066,085$3,156,017
X-4 Accounts receivableStart of year $380,892$234,224
X-8 Inventories for sale or useStart of year $1,701$1,701
X-9 Prepaid expenses and deferred chargesStart of year $61,729$61,729
X-10c Land, buildings and equipment, netStart of year $285,103$189,545
X-16 Total assetsStart of year $3,795,510$3,643,216
X-17 Accounts payable and accrued expensesStart of year −$11,309$42,174
X-26 Total liabilitiesStart of year −$11,309$42,174
X-27 Net assets without donor restrictionsStart of year $2,706,960$2,501,183
X-28 Net assets with donor restrictionsStart of year $1,099,859$1,099,859
X-32 Total net assets or fund balancesStart of year $3,806,819$3,601,042
X-33 Total liabilities and net assetsStart of year $3,795,510$3,643,216
Part XI · Reconciliation of net assets $3,601,042 net assets at year end
XI-1 Total revenue$2,616,778
XI-2 Total expenses$2,822,555
XI-3 Revenue less expenses−$205,777
XI-4 Net assets at start of year$3,806,819
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,601,042

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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