Owl 360 EIN 87-1282294

Owl 360

EIN  87-1282294 Public charity (501(c)(3)) Port Townsend, WA
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Size
$100K–1M
What they do
Offers affordable housing for youth and young adults.
Leadership
Kelli Parcher · Executive Dir. · $39K
Money in and out
$576K revenue, $300K expenses
Bottom line
94% program efficiency

Offers affordable housing for youth and young adults. For fiscal year 2024 it reported $576K in revenue, $300K in expenses, and $621K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$576K
Pt VIII · Ln 12
Total expenses
$300K
Pt IX · Ln 25
Net assets
$621K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $276K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
22.2mo
months of highly liquid reserves at operating expense rate▲ +25% vs prior filing year
Surplus margin
+48%
revenue over expenses, this year▲ +4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$576K
FY2024▲ +70%
Expenses
$300K
FY2024▲ +64%
Total assets
$640K
FY2024▲ +80%
Total liabilities
$19K
FY2024▲ +96%
Total revenue
$576K
Pt VIII · Ln 12
Total expenses
$300K
Pt IX · Ln 25
Net assets
$621K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$276K
Total assetsPt X · Ln 16$640K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $283K of program spending, described in the organization's own filed words · FY2024.
01

OWL360 provides young people of jefferson county opportunities for sustainable independence thrgough: affordable housing, community connections, supportive services, programs & events.

$283Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COwl 360
EINHdr · item D87-1282294
Principal addressHdr · item CPort Townsend, 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 BMFHousing (L80)
Ruling yearIRS BMFFeb 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
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
Executive Dir.
$38,645Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kelli Parcher’s $39K as Executive Dir. is at the 29th percentile of top reported officer pay among 849 $100K–1M housing 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

NameFY2024FY2023FY2022FY2021
Kelli Parcher$38,645$35,400$38,150
Kelli Parcher$10,916

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$554K · 96%
Other revenue$20K · 3%
Contributions & grants96%$554K
Other revenue3%$20K
Investment income$1K
— government grantsLn 1e$370K
Total revenueLn 12$576K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$283K
Management & general6%$17K
Total functional expensesLn 25$300K

Balance Sheet

Part X · end of year
CashLn 1$554K
Total assetsLn 16$640K
Total liabilitiesLn 26$19K
Total net assetsLn 32$621K
Months of cash on handcomputed22.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $554K · Operating expenses/yr $300K
22.2 months
Where the money goes
Program services
Program services $283K · Total expenses $300K
94%
Management & General
Management & general $17K · Total expenses $300K
6%
Fundraising
Fundraising $0 · Total expenses $300K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $725 · Solicited contributions (3-yr avg) $107K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $554K · Total revenue $576K
96%
Government reliance
Government grants $370K · Total revenue $576K
64%
Earned-income share
Program service revenue $0 · Total revenue $576K
0%
Investment reliance
Investment income $1K · Total revenue $576K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $300K
0%
Growth & trend
Revenue growth (YoY)
This year $576K · Prior year $339K
+70%
Net-asset trend (YoY)
End of year $621K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $576K · Expenses $300K
+48%
Liabilities-to-Assets
Total liabilities — · Total assets $640K
Net-asset ratio
Net assets $621K · Total assets $640K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $640K
0%
People & payroll
Highest Reported Total Compensation
Individual Kelli Parcher · Reported title Executive Dir. · Highest reported compensation $39K · Total expenses $300K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $151K · Total expenses $300K
50%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Revenue growth 70%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 3%
Fundraising fee ratio 0%

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
Total grants receivedfrom 1 funder$47K

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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)$576K revenue · viewing · ⤓ 990 PDF
FY2023$339K revenue · ⤓ 990 PDF
FY2022$221K revenue · ⤓ 990 PDF
FY2021$53K 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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