Central Area Collaborative

Tax-deductible

Seattle, WA501(c)(3)Community DevelopmentEIN 83-1392414Revenue $442K in FY2024

On file with the IRScacseattle.org4111 E Madison St Ste 2 Pmb 244, 98112-3241 · Seattle, WATax-exempt since Jul 2019Publicly supported charity — 170(b)(1)(A)(vi)

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To ensure the commercial vitality of the Central Area.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
1 of 2
filings with a surplus
Average deficit $14K a year · 4% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$125K
to officers and key staff · 29% of spending
Top officer’s pay higher than 53% of similar orgs
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$442K
+27% vs prior year
Spent
$436K
To programs
83%
Net assets
$129K
By yearFY2022–FY2024
Revenue
$442K
FY2024▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2022$128K
FY2023$348K
FY2024$442K
Expenses
$436K
FY2024▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$383K
FY2024$436K
Net assets
$129K
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2022$152K
FY2023$123K
FY2024$129K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2019.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $364K Management & general 17% · $73K

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

4 people listed on the 990; $125K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$77,218Pt VII · Sec A
Board Member
$23,465Pt VII · Sec A
Board President
$20,790Pt VII · Sec A
Board Member
$3,600Pt VII · Sec A

Dennis Comer’s $77K as Executive Director is at the 53rd percentile of top reported officer pay among 1709 $100K–1M 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 · 4 named individuals · Part VII

NameFY2024FY2023
Dennis Comer$77,218$103,916
Leon Garnett$23,465—
Heyward Watson$20,790—
Tiffany Kelly-Gray$3,600—

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.

See Central Area Collaborative executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promote business growth and economic health in the Central Area.

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Provided by the organization

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1 program · $364K · in their own filed words · FY2024
01

The Only in Seattle Initiative supports community-driven economic development projects focusing on racial equity and social justice. The CAC OIS initiative supports activities such as: Organizational Development (OD) improves organizations through planned change in processes, people, and structures.

$364Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 4 grants · $61K · 2023–2024
Unitemized GrantFY2024$14,231
Unitemized GrantFY2024$2,600
Unitemized GrantFY2023$37,072
Unitemized GrantFY2023$7,500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$442K
Ln 12
Gifts and grantsLn 1h$441K
Investment incomeLn 3$1K
Money outPt IX
$436K
Ln 25
Programscol B$364K
Managementcol C$73K
Owns and owesPt X
$129K
net assets · Ln 32
Cash and savingsLn 1–2$129K
Total assetsLn 16$129K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A4
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$441K
Government grantsLn 1e$430K
Investment incomeLn 3$1K
Total revenueLn 12$442K
Assets in detailPt X, end of year
CashLn 1$55K
SavingsLn 2$74K
Cash and savings togetherLn 1–2$129K
Total assetsLn 16$129K
LiabilitiesLn 26$0
Net assetsLn 32$129K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$123K$129K
Total assetsLn 16$123K$129K
LiabilitiesLn 26$0$0
Net assetsLn 32$123K$129K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$17K$17K
Pay of current officers, directors and key staffLn 5$125K$125K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$227K$183K$44K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$3K$3K
OccupancyLn 16$300$300
InsuranceLn 23$7K$6K$683
Other expenses (24a–d)Ln 24$33K$29K$3K
Total functional expensesLn 25$436K$364K$73K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $442K$436K$6K$129K 990 PDF
FY2023 $348K$383K−$35K$123K 990 PDF
FY2022 $128K$152K 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 FY2024 990 (6 parts)
Part I · Summary $442,176 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $347,988$441,001
I-9 Program service revenue$0
I-10 Investment incomePrior year $144$1,175
I-11 Other revenue$0
I-12 Total revenuePrior year $348,132$442,176
I-13 Grants and similar amounts paidPrior year $44,572$16,831
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $103,916$125,073
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $234,200$294,567
I-18 Total expensesPrior year $382,688$436,471
I-19 Revenue less expensesPrior year −$34,556$5,705
Part VI · Governance 0 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $442,176 across 6 lines filed
VIII-1e Government grants$430,431
VIII-1f All other contributions, gifts and grants$10,570
VIII-1h Total contributions, gifts and grants$441,001
VIII-3 Investment incomeExcluded from tax $1,175$1,175
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,175$442,176
Part IX · Statement of functional expenses $436,471 across 9 lines filed
IX-2 Grants to domestic individualsPrograms $16,831$16,831
IX-5 Pay of current officers, directors and key staffPrograms $125,073$125,073
IX-11c Accounting feesManagement $18,235$18,235
IX-11g Other fees for servicesPrograms $183,011 · Management $43,768$226,779
IX-12 Advertising and promotionManagement $6,418$6,418
IX-13 Office expensesPrograms $3,140$3,140
IX-16 OccupancyPrograms $300$300
IX-23 InsurancePrograms $6,039 · Management $683$6,722
IX-24 Other expenses (24a–d)Programs $29,482 · Management $3,491$32,973
IX-25 Total functional expensesPrograms $363,876 · Management $72,595 · Fundraising $0$436,471
Part X · Balance sheet $128,579 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $39,549$54,890
X-2 Savings and temporary cash investmentsStart of year $83,325$73,689
X-16 Total assetsStart of year $122,874$128,579
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $122,874$128,579
X-32 Total net assets or fund balancesStart of year $122,874$128,579
X-33 Total liabilities and net assetsStart of year $122,874$128,579
Part XI · Reconciliation of net assets $128,579 net assets at year end
XI-1 Total revenue$442,176
XI-2 Total expenses$436,471
XI-3 Revenue less expenses$5,705
XI-4 Net assets at start of year$122,874
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$128,579

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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