Pride Foundation EIN 91-1325007

Pride Foundation

EIN  91-1325007 Public charity (501(c)(3)) Seattle, WA Founded 1985
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/12/26 · see original filing: IRS
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Size
$10–100M
What they do
Provides scholarships and community support to LGBTQ+ and ally students and organizations across the Pacific Northwest to foster education and leadership.
Leadership
Kathryn Carter · CEO · $235K
Money in and out
$10.5M revenue, $9.3M expenses
Bottom line
89% program efficiency

Provides scholarships and community support to LGBTQ+ and ally students and organizations across the Pacific Northwest to foster education and leadership. For fiscal year 2025 it reported $10.5M in revenue, $9.3M in expenses, and $50.7M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$10.5M
Pt VIII · Ln 12
Total expenses
$9.3M
Pt IX · Ln 25
Net assets
$50.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.2M
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.06 Fundraising $0.05
Program efficiency
89%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
68.5mo
months of highly liquid reserves at operating expense rate▼ -30% vs prior filing year
Surplus margin
+12%
revenue over expenses, this year▲ +352% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$10.5M
FY2025▲ +51%
Expenses
$9.3M
FY2025▲ +37%
Total assets
$52.9M
FY2025▲ +2%
Total liabilities
$2.2M
FY2025▲ +284%
Total revenue
$10.5M
Pt VIII · Ln 12
Total expenses
$9.3M
Pt IX · Ln 25
Net assets
$50.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.2M
Total assetsPt X · Ln 16$52.9M
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417
Mission & Programs · Part III

Where the work happens

3 program services account for $8.3M of program spending, described in the organization's own filed words · FY2024.
01

Community Advocacy, Research & Education

Awarded fellowships to 10 individuals. Provided training and technical assistance on fundraising, grantmaking, leadership development, etc. to 100 non-profits and 500 individuals in Alaska, Idaho, Montana, Oregon and Washington.

$3.6Mprogram expense
02

Granting Program

Awarded cash grants to 371 non-profit organizations. Pride Foundation funds organizations, small and large, as they strengthen and serve the lesbian, gay, bisexual and transgender community. Often we hear that our grant is the first an organization ever received.

$3.6Mprogram expense
03

Scholarship Program

Awarded scholarships to 113 students for post-secondary education, with funds paid directly to the institution of learning. Pride Foundation scholarships support education and leadership development to lesbian, gay, bisexual, transgender, queer, and straight-ally students of any age or sexual orientation from Alaska, Idaho, Montana…

$989Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPride Foundation
EINHdr · item D91-1325007
Principal addressHdr · item CSeattle, WA
WebsiteHdr · item Jwww.pridefoundation.org
Year of formationHdr · item L1985
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCivil Rights & Advocacy (R26Z)
Ruling yearIRS BMFMay 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$235,038Pt VII · Sec A
Dir. of Finance
$185,040Pt VII · Sec A
Dir. of Advoc.
$128,512Pt VII · Sec A
Dir. of Programs
$124,265Pt VII · Sec A
Dir. of Community
$122,492Pt VII · Sec A
Asst. Dir. of Comm
$108,704Pt VII · Sec A
SR Ops. Mngr.
$100,147Pt VII · Sec A
$0Pt VII · Sec A

Kathryn Carter’s $235K as CEO is at the 43rd percentile of top reported officer pay among 129 $10–100M civil rights & advocacy 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Kathryn Carter$235,038
Kathryn Carter$209,351$197,500$177,300$180,000
Jimbo Worm$185,040
Jimbo Worm$167,900$152,625$141,166$124,840
Jose Romero$128,512
Ira Wade Harris$124,265
Jamila Taylor$122,492
Omni Romero$118,482

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$7.6M · 72%
Investment income$3.2M · 30%
Contributions & grants72%$7.6M
Investment income30%$3.2M
Total revenueLn 12$10.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.06 Fundraising $0.05
Program services89%$8.3M
Management & general6%$566K
Fundraising5%$496K
Total functional expensesLn 25$9.3M

Balance Sheet

Part X · end of year
CashLn 1$10.7M
Total assetsLn 16$52.9M
Total liabilitiesLn 26$2.2M
Total net assetsLn 32$50.7M
Months of cash on handcomputed13.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $50.2M · Operating expenses (Pt IX) $9.3M · Less non-cash grants $514K · Cash operating expenses/yr $8.8M
68.5 months
Where the money goes
Program services
Program services $8.3M · Total expenses $9.3M
89%
Management & General
Management & general $566K · Total expenses $9.3M
6%
Fundraising
Fundraising $496K · Total expenses $9.3M
5%
Cost to raise $1
Fundraising expense (3-yr avg) $468K · Solicited contributions (3-yr avg) $6.3M
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $7.6M · Total revenue $10.5M
72%
Government reliance
Government grants — · Total revenue $10.5M
Earned-income share
Program service revenue $0 · Total revenue $10.5M
0%
Investment reliance
Investment income $3.2M · Total revenue $10.5M
+30%
Program self-sufficiency
Program service revenue $0 · Total expenses $9.3M
0%
Growth & trend
Revenue growth (YoY)
This year $10.5M · Prior year $7.0M
+51%
Revenue CAGR
FY2020 $9.5M · FY2024 $10.5M
+3%
Net-asset trend (YoY)
End of year $50.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $10.5M · Expenses $9.3M
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $52.9M
Net-asset ratio
Net assets $50.7M · Total assets $52.9M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $39.5M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $52.9M
75%
People & payroll
Highest Reported Total Compensation
Individual Kathryn Carter · Reported title CEO · Highest reported compensation $235K · Total expenses $9.3M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.2M · Total expenses $9.3M
24%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 6%
Fundraising cost ratio 7%
Revenue growth 51%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
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 · received and paid
Grants received · FY2024
See all 13 funders →
Grants paid · 532 grants · $15.5M · 2020–2024
Unitemized GrantFY2024$955,545
Allied Media Projects INCMI · FY2024$142,000
Native MovementAK · FY2024$90,000
Lavender Rights ProjectWA · FY2024$90,000
Rod's HouseWA · FY2024$82,000
Powerful VoicesWA · FY2024$77,000
Pizza KlatchWA · FY2024$72,000
Matthew Shepard FoundationWY · FY2024$67,500
Stonewall YouthWA · FY2024$66,000
Friendly House INCOR · FY2024$62,500
Camp Ten TreesWA · FY2024$57,000
Madrona InstituteWA · FY2024$55,000
Odyssey Youth CenterWA · FY2024$52,000
See all 532 grants →

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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
FY2025 (Latest)$10.5M revenue · viewing · ⤓ 990 PDF
FY2024$7.0M revenue · ⤓ 990 PDF
FY2023$9.1M revenue · ⤓ 990 PDF
FY2022$8.9M revenue · ⤓ 990 PDF
FY2021$9.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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