To support Seattle Pacific university. The Foundation may make gifts and grants to other religious, educational and charitable organizations as determined by the board of directors.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$132K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $88K a year · 11% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$132K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
291 mo
of spending, in cash
Plus $166.7M in investments, Pt X · Ln 11–13
Looks good: 291.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $89K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$186.2M
97% of total assets
Concern: liabilities are 97% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$702K
-5% vs prior year
Spent
$579K
To programs
80%
Net assets
$6.7M
By yearFY2021–FY2025
Revenue
$702K
FY2022▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2021$737K
FY2022$702K
FY2023$919K
FY2024$980K
FY2025$759K
Expenses
$579K
FY2022▼ -29%
Tap a bar for its year
Expenses by fiscal year
FY2021$818K
FY2022$579K
FY2023$872K
FY2024$1.3M
FY2025$946K
Net assets
$6.7M
FY2022▼ -0.9%
Tap a bar for its year
Net assets by fiscal year
FY2021$6.8M
FY2022$6.7M
FY2023$7.6M
FY2024$8.2M
FY2025$7.4M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1979.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $461K Management & general 20% · $118K

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

8 people listed on the 990; $132K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Treasurer
$132,015Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Brian Ficken’s $201K as Treasurer is at the 98th percentile of top reported officer pay among 1613 $100K–1M education 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Brian Ficken$201,020$169,817$140,474$132,015$114,015

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 Pacific Foundation 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

Invests endowment assets to support educational, religious, and charitable organizations.

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2 programs · $461K · in their own filed words · FY2021
01

Investment management of university endowment funds and administration of charitable trusts where seattle pacific university and other 501(c)(3) charities are the charitable remaindermen.

$461Kprogram expense
02

Charitable contributions reported on form 1065 schedule k-1 for northpoint, LLC.

$42program 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 2 funders$89K
Grants paid · 4 grants · $855K · 2020–2024
Seattle Pacific UniversityWA · FY2024$300,000
Seattle Pacific UniversityWA · FY2023$370,278
Seattle Pacific UniversityWA · FY2021$23,671
Seattle Pacific UniversityWA · FY2020$160,928

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$702K
Ln 12
Other incomeLn 4–11$615K
Investment incomeLn 3$87K
Money outPt IX
$579K
Ln 25
Programscol B$461K
Managementcol C$118K
Owns and owesPt X
$6.7M
net assets · Ln 32
Cash and savingsLn 1–2$14.1M
Total assetsLn 16$193.0M
LiabilitiesLn 26$186.2M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$87K
Other incomeLn 4–11$615K
Gains on assetsLn 7$75K
Total revenueLn 12$702K
Assets in detailPt X, end of year
SavingsLn 2$14.1M
Cash and savings togetherLn 1–2$14.1M
InvestmentsLn 11–13$166.7M
Land, buildings, equipmentLn 10c$12.0M
Total assetsLn 16$193.0M
LiabilitiesLn 26$186.2M
Net assetsLn 32$6.7M
OperationsPt I, VI
EmployeesI 57
VolunteersI 60
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$16.4M$14.1M
InvestmentsLn 11–13$179.9M$166.7M
Land, buildings, equipmentLn 10c$9.6M$12.0M
Total assetsLn 16$206.6M$193.0M
LiabilitiesLn 26$199.8M$186.2M
Net assetsLn 32$6.8M$6.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$24K$24K
Pay of current officers, directors and key staffLn 5$202K$142K$61K
Other salaries and wagesLn 7$170K$119K$51K
Other employee benefitsLn 9$59K$42K$18K
Legal feesLn 11b$25K$25K
Accounting feesLn 11c$34K$34K
OccupancyLn 16$40K$40K
TravelLn 17$2K$2K
Other expenses (24a–d)Ln 24$10K$21K−$12K
All other expensesLn 24e$13K$13K
Total functional expensesLn 25$579K$461K$118K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $759K$946K−$187K$7.4M 990 PDF
FY2024 $980K$1.3M−$340K$8.2M 990 PDF
FY2023 $919K$872K$47K$7.6M 990 PDF
FY2022 Viewing $702K$579K$123K$6.7M 990 PDF
FY2021 $737K$818K−$81K$6.8M 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 $701,525 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $28,918$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $23,750$86,641
I-11 Other revenuePrior year $683,937$614,884
I-12 Total revenuePrior year $736,605$701,525
I-13 Grants and similar amounts paidPrior year $160,990$23,713
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $395,332$431,230
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $261,529$123,633
I-18 Total expensesPrior year $817,851$578,576
I-19 Revenue less expensesPrior year −$81,246$122,949
Part VI · Governance 5 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
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 $701,525 across 5 lines filed
VIII-3 Investment incomeExcluded from tax $11,242$11,242
VIII-6 Net rental income or lossExcluded from tax −$630−$630
VIII-7 Net gain or loss on sales of assetsExcluded from tax $75,399$75,399
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $615,546 · Excluded from tax −$32$615,514
VIII-12 Total revenueRelated to mission $615,546 · Unrelated business $0 · Excluded from tax $85,979$701,525
Part IX · Statement of functional expenses $578,576 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $23,713$23,713
IX-5 Pay of current officers, directors and key staffPrograms $141,606 · Management $60,688$202,294
IX-7 Other salaries and wagesPrograms $118,663 · Management $50,856$169,519
IX-9 Other employee benefitsPrograms $41,592 · Management $17,825$59,417
IX-11b Legal feesPrograms $24,906$24,906
IX-11c Accounting feesPrograms $34,445$34,445
IX-16 OccupancyPrograms $39,545$39,545
IX-17 TravelPrograms $2,456$2,456
IX-24 Other expenses (24a–d)Programs $21,119 · Management −$11,507$9,612
IX-24e All other expensesPrograms $12,669$12,669
IX-25 Total functional expensesPrograms $460,714 · Management $117,862 · Fundraising $0$578,576
Part X · Balance sheet $192,980,421 assets, 13 lines filed
Asset lines not itemized here account for $153,450; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $16,446,599$14,050,917
X-4 Accounts receivableStart of year $142,832$141,727
X-10c Land, buildings and equipment, netStart of year $9,575,000$11,975,000
X-11 Publicly traded securitiesStart of year $79,349,398$77,070,412
X-12 Other securitiesStart of year $100,588,543$89,588,915
X-16 Total assetsStart of year $206,572,560$192,980,421
X-17 Accounts payable and accrued expensesStart of year $1,328$9,237
X-25 Other liabilitiesStart of year $199,758,405$186,222,351
X-26 Total liabilitiesStart of year $199,759,733$186,231,588
X-27 Net assets without donor restrictionsStart of year $1,003,288$1,100,120
X-28 Net assets with donor restrictionsStart of year $5,809,539$5,648,713
X-32 Total net assets or fund balancesStart of year $6,812,827$6,748,833
X-33 Total liabilities and net assetsStart of year $206,572,560$192,980,421
Part XI · Reconciliation of net assets $6,748,833 net assets at year end
XI-1 Total revenue$701,525
XI-2 Total expenses$578,576
XI-3 Revenue less expenses$122,949
XI-4 Net assets at start of year$6,812,827
XI-9 Other changes in net assets−$186,943
XI-10 Net assets at end of year$6,748,833

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

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