The Residency seeks to build a powerful community of young hip-hop artists equipped with the artistic and leadership skills, business acumen, and mentorship necessary to become professional artists and cultural change makers. Through their participation in the Residency, young artists from low-income families in the seattle area acquire tangible artistic and professional skills while also gaining confidence, teamwork, and a deepened understanding of their own identity and power.the year-round program includes a month long intensive workshop where up to 45 young people participate in either a vocal or production track. During the intensive, youth write original songs, record in a professional studio and perform in front of hundreds of people at a premiere seattle venue. In addition to making, recording and performing their music, the youth participate in a number of engaging panel discussions with leaders in the northwest creative community.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
4 of 5
filings with a surplus
Average surplus $183K a year · 31% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
8 mo
of spending, in cash
Looks good: 8.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $1.0M
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$25K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$584K
+130% vs prior year
Spent
$447K
To programs
71%
Net assets
$298K
By yearFY2020–FY2024
Revenue
$584K
FY2022▲ +130%
Tap a bar for its year
Revenue by fiscal year
FY2020$274K
FY2021$254K
FY2022$584K
FY2023$686K
FY2024$1.1M
FY2024$531K
Expenses
$447K
FY2022▲ +61%
Tap a bar for its year
Expenses by fiscal year
FY2020$89K
FY2021$277K
FY2022$447K
FY2023$649K
FY2024$557K
FY2024$324K
Net assets
$298K
FY2022▲ +85%
Tap a bar for its year
Net assets by fiscal year
FY2020$185K
FY2021$161K
FY2022$298K
FY2023$336K
FY2024$917K
FY2024$1.1M

From the FY2022 Form 990 (year ending June 2022) · 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 Jun 2020.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $316K Management & general 25% · $111K Fundraising 5% · $20K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President, Treasurer, Dire
$0Pt VII · Sec A
Secretary, Director
$0Pt VII · Sec A
Vice President, Director
$0Pt VII · Sec A
See The Residency 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers young hip-hop artists with skills and mentorship to become professionals and leaders.

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Provided by the organization

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3 programs · $316K · in their own filed words · FY2021
01

The year-round program includes participating in performances in front of hundreds of people at a premiere seattle venuea and a number of engaging panel discussions with leaders in the northwest creative community.

$187Kprogram expense
02

Month long intensive workshop where up to 45 young people (ages 16-24) participate in either a vocal or production track. During the intensive, youth write original songs, record in a professional studio and perform in front of hundreds of people at a premiere seattle venue.

$104Kprogram expense
03

In recent years, the residency has built a reputation for being among the nation's finest hip-hop music institutions. To continue strengthening our community, we believe in providing our participants with access to higher education opportunities.

$25Kprogram 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
See all 6 funders →
Grants paid · 2 grants · $32K · 2023–2024
Unitemized GrantFY2024$21,180
Unitemized GrantFY2023$10,560

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$584K
Ln 12
Gifts and grantsLn 1h$359K
Fees for servicesLn 2g$227K
Money outPt IX
$447K
Ln 25
Programscol B$316K
Managementcol C$111K
Fundraisingcol D$20K
Owns and owesPt X
$298K
net assets · Ln 32
Cash and savingsLn 1–2$305K
Total assetsLn 16$324K
LiabilitiesLn 26$25K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$359K
Fees for servicesLn 2g$227K
Total revenueLn 12$584K
Assets in detailPt X, end of year
CashLn 1$305K
Cash and savings togetherLn 1–2$305K
Total assetsLn 16$324K
LiabilitiesLn 26$25K
Net assetsLn 32$298K
OperationsPt I, VI
EmployeesI 512
VolunteersI 63
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$146K$305K
Total assetsLn 16$162K$324K
LiabilitiesLn 26$899$25K
Net assetsLn 32$161K$298K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$9K$9K
Other salaries and wagesLn 7$231K$172K$59K
Other employee benefitsLn 9$6K$4K$2K
Payroll taxesLn 10$21K$16K$5K
Legal feesLn 11b$822$822
Accounting feesLn 11c$27K$27K
Professional fundraising feesLn 11e$20K$20K
Other fees for servicesLn 11g$30K$25K$5K
Advertising and promotionLn 12$3K$3K$394
Office expensesLn 13$3K$1K$1K
TravelLn 17$23K$21K$2K
InsuranceLn 23$2K$742$794
Other expenses (24a–d)Ln 24$59K$58K$1K
All other expensesLn 24e$12K$5K$7K
Total functional expensesLn 25$447K$316K$111K$20K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.1M$557K$581K$917K 990 PDF
FY2023 $686K$649K$37K$336K 990 PDF
FY2022 Viewing $584K$447K$137K$298K 990 PDF
FY2021 $254K$277K−$23K$161K 990 PDF
FY2020 $274K$89K$185K$185K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $584,028 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $254,211$358,685
I-9 Program service revenuePrior year $0$226,560
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$530−$1,217
I-12 Total revenuePrior year $253,681$584,028
I-13 Grants and similar amounts paidPrior year $0$9,238
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $172,331$258,517
I-16a Professional fundraising feesPrior year $0$20,478
I-17 Other expensesPrior year $104,630$158,942
I-18 Total expensesPrior year $276,961$447,175
I-19 Revenue less expensesPrior year −$23,280$136,853
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $584,028 across 4 lines filed
Lines not itemized here account for −$1,217 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$358,685
VIII-1h Total contributions, gifts and grants$358,685
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $226,560$226,560
VIII-12 Total revenueRelated to mission $225,343 · Unrelated business $0 · Excluded from tax $0$584,028
Part IX · Statement of functional expenses $447,175 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $9,238$9,238
IX-7 Other salaries and wagesPrograms $172,310 · Management $58,534$230,844
IX-9 Other employee benefitsPrograms $4,407 · Management $1,889$6,296
IX-10 Payroll taxesPrograms $15,888 · Management $5,489$21,377
IX-11b Legal feesManagement $822$822
IX-11c Accounting feesManagement $26,984$26,984
IX-11e Professional fundraising feesFundraising $20,478$20,478
IX-11g Other fees for servicesPrograms $24,907 · Management $5,069$29,976
IX-12 Advertising and promotionPrograms $2,665 · Management $394$3,059
IX-13 Office expensesPrograms $1,301 · Management $1,337$2,638
IX-17 TravelPrograms $21,444 · Management $1,698$23,142
IX-23 InsurancePrograms $742 · Management $794$1,536
IX-24 Other expenses (24a–d)Programs $57,799 · Management $1,274$59,073
IX-24e All other expensesPrograms $4,876 · Management $6,836$11,712
IX-25 Total functional expensesPrograms $315,577 · Management $111,120 · Fundraising $20,478$447,175
Part X · Balance sheet $323,777 assets, 12 lines filed
Asset lines not itemized here account for $218; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $145,945$305,301
X-3 Pledges and grants receivableStart of year $10,000$4,900
X-8 Inventories for sale or useStart of year $6,216$4,620
X-9 Prepaid expenses and deferred charges$8,738
X-16 Total assetsStart of year $162,379$323,777
X-17 Accounts payable and accrued expensesStart of year $812$25,444
X-25 Other liabilitiesStart of year $87$0
X-26 Total liabilitiesStart of year $899$25,444
X-27 Net assets without donor restrictionsStart of year $161,480$282,225
X-28 Net assets with donor restrictions$16,108
X-32 Total net assets or fund balancesStart of year $161,480$298,333
X-33 Total liabilities and net assetsStart of year $162,379$323,777
Part XI · Reconciliation of net assets $298,333 net assets at year end
XI-1 Total revenue$584,028
XI-2 Total expenses$447,175
XI-3 Revenue less expenses$136,853
XI-4 Net assets at start of year$161,480
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$298,333

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

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