Totem Star EIN 82-3271788 Form 990 (PDF) Claim this org

Totem Star

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Empowers young artists with music, life skills, mentorship, and supportive relationships. For fiscal year 2024 it reported $1.2M in revenue, $665K in expenses, and $1.7M in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Seattle, WA
Website
totemstar.org
Filings
5 on file (2020–2024)
Revenue
$1.2MFY2024
Expenses
$665K
Net assets
$1.7M
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-3271788 Public charity (501(c)(3)) Seattle, WA
Form 990 (PDF)
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Size
$1–10M
What they do
Empowers young artists with music, life skills, mentorship, and supportive relationships.
Leadership
Daniel Pak · Executive Dir. · $109K
Money in and out
$1.2M revenue, $665K expenses
Bottom line
60% program efficiency
Where the money goes · FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$665K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $580K
Where spending went · Part IX cols B–D
Program services $0.60 Management & general $0.23 Fundraising $0.17
Program efficiency
60%
of spending reaches programs▲ +16% vs prior filing year
Operating runway
27.7mo
months of highly liquid reserves at operating expense rate▲ +166% vs prior filing year
Surplus margin
+47%
revenue over expenses, this year▲ +287% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.2M
FY2024▲ +61%
Expenses
$665K
FY2024▼ -2%
Total assets
$2.3M
FY2024▲ +32%
Total liabilities
$555K
FY2024▼ -5%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$665K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$580K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B60%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $361K of program spending, described in the organization's own filed words · FY2024.
01

The Studio

Weekly after school open studio with workstations and recording resources for five to six youth at a time. Many youth bring in peer collaborators for their sessions. The small group structure allows for close mentorship opportunities for youth from teaching artists and full access to audio engineering equipment.

$257Kprogram expense
02

Partnerships

In 2024, Totem Star expanded its community impact through new partnerships at our shared home in the historic Amtrak station in Pioneer Square. We joined Red Eagle Soaring Native Youth Theatre and The Rhapsody Project as founding members of Station Space, an arts hub for youth-centered organizations.

$68Kprogram expense
03

Artist Booking

In 2024, Totem Star continued its commitment to paying young artists for their work. Through our Artist Booking program, youth gain professional experience both as performers and as independent contractors.

$35Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTotem Star
EINHdr · item D82-3271788
Principal addressHdr · item CSeattle, WA
WebsiteHdr · item Jtotemstar.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O51)
Ruling yearIRS BMFSep 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$108,626Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Daniel Pak’s $109K as Executive Dir. is at the 35th percentile of top reported officer pay among 1547 $1–10M youth 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Daniel Pak$108,626$99,087$76,111$60,669$64,078

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$1.2M · 98%
Program service revenue$17K · 1%
Contributions & grants98%$1.2M
Program service revenue1%$17K
Investment income$4K
Other revenue$4K
— government grantsLn 1e$629K
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.60 Management & general $0.23 Fundraising $0.17
Program services60%$400K
Management & general23%$151K
Fundraising17%$114K
Total functional expensesLn 25$665K

Balance Sheet

Part X · end of year
CashLn 1$485K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$555K
Total net assetsLn 32$1.7M
Months of cash on handcomputed8.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $485K · Operating expenses (Pt IX) $665K · Less non-cash grants $455K · Cash operating expenses/yr $210K
27.7 months
Where the money goes
Program services
Program services $400K · Total expenses $665K
60%
Management & General
Management & general $151K · Total expenses $665K
23%
Fundraising
Fundraising $114K · Total expenses $665K
17%
Cost to raise $1
Fundraising expense (3-yr avg) $146K · Solicited contributions (3-yr avg) $646K
$0.23 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $1.2M
98%
Government reliance
Government grants $629K · Total revenue $1.2M
51%
Earned-income share
Program service revenue $17K · Total revenue $1.2M
1%
Investment reliance
Investment income $4K · Total revenue $1.2M
+0.3%
Program self-sufficiency
Program service revenue $17K · Total expenses $665K
3%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $774K
+61%
Revenue CAGR
FY2020 $449K · FY2024 $1.2M
+29%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $665K
+47%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
Net-asset ratio
Net assets $1.7M · Total assets $2.3M
76%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.3M
0%
People & payroll
Highest Reported Total Compensation
Individual Daniel Pak · Reported title Executive Dir. · Highest reported compensation $109K · Total expenses $665K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $445K · Total expenses $665K
67%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 60%
Overhead ratio 23%
Fundraising cost ratio 9%
Revenue growth 61%
Investment management fee ratio 0%
Legal fee ratio <0.01%
Accounting fee ratio 0.08%
Fundraising fee ratio 2%

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
See all 8 funders →
Grants paid · 1 grant · $32K · 2021–2021
Rvc SeattleWA · FY2021$32,032

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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)$1.2M revenue · viewing · ⤓ 990 PDF
FY2023$774K revenue · ⤓ 990 PDF
FY2022$993K revenue · ⤓ 990 PDF
FY2021$565K revenue · ⤓ 990 PDF
FY2020$449K 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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