Shared Spaces Foundation EIN 86-1742244

Shared Spaces Foundation FY2022 filing

EIN  86-1742244 Public charity (501(c)(3)) Tukwila, WA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Builds community facilities to alleviate suffering and address systemic oppression for low-income and marginalized groups.
Leadership
Amanda Lee · President
Money in and out
$159K revenue, $136K expenses
Bottom line
68% program efficiency

Builds community facilities to alleviate suffering and address systemic oppression for low-income and marginalized groups. For fiscal year 2022 it reported $159K in revenue, $136K in expenses, and $25K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$159K
Pt VIII · Ln 12
Total expenses
$136K
Pt IX · Ln 25
Net assets
$25K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $24K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32
Program efficiency
68%
of spending reaches programs
Operating runway
2.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$159K
FY2022
Expenses
$136K
FY2022
Total assets
$930K
FY2022
Total liabilities
$904K
FY2022
Total revenue
$159K
Pt VIII · Ln 12
Total expenses
$136K
Pt IX · Ln 25
Net assets
$25K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$24K
Total assetsPt X · Ln 16$930K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $93K of program spending, described in the organization's own filed words · FY2022.
01

Land Steward Program

we pay stipends to volunteers to come steward the land twice a week, the land will eventually give back to the Duwarmish Tribe. Expenses include rent, utilities, advertising to recruit volunteers, repair and maintenance.

$52Kprogram expense
02

Summer Markets

every summer between May and November, we organize an art and culture market for local communities to come gather and learncultural art.

$28Kprogram expense
03

Heron's Nest Educational Programs

we offer skill shares including welding, carpentry and landscaping every week, we pay volunteer stipends for the skillshare events

$13Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CShared Spaces Foundation
EINHdr · item D86-1742244
Principal addressHdr · item CTukwila, WA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S21)
Ruling yearIRS BMFAug 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$159K
Investment income$27
Total revenueLn 12$159K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$93K
Management & general32%$43K
Total functional expensesLn 25$136K

Balance Sheet

Part X · end of year
CashLn 1$25K
Total assetsLn 16$930K
Total liabilitiesLn 26$904K
Total net assetsLn 32$25K
Months of cash on handcomputed2.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $25K · Operating expenses/yr $136K
2.2 months
Where the money goes
Program services
Program services $93K · Total expenses $136K
68%
Management & General
Management & general $43K · Total expenses $136K
32%
Fundraising
Fundraising $0 · Total expenses $136K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $159K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $159K · Total revenue $159K
100%
Government reliance
Government grants — · Total revenue $159K
Earned-income share
Program service revenue $0 · Total revenue $159K
0%
Investment reliance
Investment income $27 · Total revenue $159K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $136K
0%
Growth & trend
Revenue growth (YoY)
This year $159K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $25K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $159K · Expenses $136K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $930K
Net-asset ratio
Net assets $25K · Total assets $930K
3%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $930K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Amanda Lee · Reported title President · Highest reported compensation $0 · Total expenses $136K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $136K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
Fundraising cost ratio 0%
Legal fee ratio 8%

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 · funders on record
Grants received · FY2024
See all 4 funders →

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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)$1.3M revenue · ⤓ 990 PDF
FY2023$310K revenue · ⤓ 990 PDF
FY2022$159K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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