Seattle Universal Math Museum FY2024 filing

Seattle, WA · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible
Revenue
$836K
+71% vs prior year
Spent
$845K
To programs
75%
Net assets
$459K
By yearFY2021–FY2025
Revenue
$836K
FY2024▲ +71%
Revenue by fiscal year
FY2021$65K
FY2022$180K
FY2023$489K
FY2024$836K
FY2025$1.1M
Expenses
$845K
FY2024▲ +217%
Expenses by fiscal year
FY2021Not on file
FY2022$144K
FY2023$267K
FY2024$845K
FY2025$934K
Net assets
$459K
FY2024▲ +43%
Net assets by fiscal year
FY2021$57K
FY2022$93K
FY2023$321K
FY2024$459K
FY2025$545K

From the FY2024 Form 990 (year ending June 2024) · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CSeattle Universal Math Museum
EINHdr · item D84-2800368
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 2019
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CSeattle, WA
NTEE classificationIRS BMFArts & Culture (A50)
WebsiteHdr · item Jwww.seattlemathmuseum.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.11 Fundraising $0.14
Program services75%$635K
Management & general11%$95K
Fundraising14%$115K
Total functional expensesLn 25$845K

Financial health

Is it on solid ground?

Program efficiency
75%
of spending reaches programs
Operating runway
4.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-1%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$475K
FY2024▲ +43%
Total assets by fiscal year
FY2021Not on file
FY2022$93K
FY2023$332K
FY2024$475K
FY2025$792K
Total liabilities
$17K
FY2024▲ +46%
Total liabilities by fiscal year
FY2021Not on file
FY2022$178
FY2023$11K
FY2024$17K
FY2025$248K
Revenue less expensesPt I · Ln 19−$9K
Total assetsPt X · Ln 16$475K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$294K
Total assetsLn 16$475K
Total liabilitiesLn 26$17K
Total net assetsLn 32$459K
Months of cash on handcomputed4.2

Statement of Revenue

Part VIII
Contributions & grants$793K · 95%
Program service revenue$27K · 3%
Investment income$16K · 2%
Contributions & grants95%$793K
Program service revenue3%$27K
Investment income2%$16K
Other revenue$1K
— government grantsLn 1e$45K
Total revenueLn 12$836K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $294K · Operating expenses (Pt IX) $845K · Less non-cash grants $240 · Cash operating expenses/yr $845K
4.2 months
Where the money goes
Program services
Program services $635K · Total expenses $845K
75%
Management & General
Management & general $95K · Total expenses $845K
11%
Fundraising
Fundraising $115K · Total expenses $845K
14%
Cost to raise $1
Fundraising expense (3-yr avg) $78K · Solicited contributions (3-yr avg) $441K
$0.18 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $793K · Total revenue $836K
95%
Government reliance
Government grants $45K · Total revenue $836K
5%
Earned-income share
Program service revenue $27K · Total revenue $836K
3%
Investment reliance
Investment income $16K · Total revenue $836K
+2%
Program self-sufficiency
Program service revenue $27K · Total expenses $845K
3%
Growth & trend
Revenue growth (YoY)
This year $836K · Prior year $489K
+71%
Net-asset trend (YoY)
End of year $459K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $836K · Expenses $845K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $475K
—
Net-asset ratio
Net assets $459K · Total assets $475K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $475K
0%
People & payroll
Highest Reported Total Compensation
Individual Tracy Drinkwater · Reported title Founder, President of the Board, Acting Executive Director · Highest reported compensation $0 · Total expenses $845K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $384K · Total expenses $845K
45%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $34K · Gross raised $55K
62%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%——
Overhead ratio 11%——
Fundraising cost ratio 14%——
Revenue growth 71%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.1%——
Fundraising 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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Founder, President of the Board, Acting Executive Director
$0Pt VII · Sec A
Board Member, Vice President
$0Pt VII · Sec A
Board Member, Treasurer
$0Pt VII · Sec A
Board Member, Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jennifer Quinn’s $86K as Executive Director is at the 22nd percentile of top reported officer pay among 3924 $1–10M arts & culture 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

NameFY2025FY2021
Jennifer Quinn$86,285—
Siobhan Daly—$500

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 Seattle Universal Math Museum executive salaries →

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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Inspires students to love math through creative exploration, building confidence and future readiness.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $562K of program spending, described in the organization's own filed words · FY2023.
01

SUMM continued to develop, collaborate on and participate in multiple free math community outreach programs and activities to promote positive experiences, engaging with our local and broader communities.

$307Kprogram expense
02

SUMM continued with multiple math education programming in partnership with multiple organizations, schools, libraries, community centers and other museums to facilitate learning math in a fun, hands-on way for all ages of participants.

$143Kprogram expense
03

SUMM continued to develop potential prototype exhibits to be included in future programming and exhibit spaces, including future travel to schools, libraries, and community centers in our local communities.

$112Kprogram expense

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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 · FY2024
See all 10 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $1.1M$934K+36% 990 PDF
FY2024 Viewing $836K$845K+71% 990 PDF
FY2023 $489K$267K+172% 990 PDF
FY2022 $180K$144K+178% 990 PDF
FY2021 $65K— 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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