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Sequim Senior Services EIN 91-1355592

Sequim Senior Services FY2020 filing

EIN  91-1355592 Public charity (501(c)(3)) Sequim, WA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Enriches adult lives with social, health, fitness, education, housing, and community resources.
Leadership
Margaret L Cox · President
Money in and out
$1.1M revenue, $631K expenses
Bottom line
81% program efficiency

Enriches adult lives with social, health, fitness, education, housing, and community resources. For fiscal year 2020 it reported $1.1M in revenue, $631K in expenses, and $5.5M in net assets.Pt I

Where the money goes · FY2020
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$631K
Pt IX · Ln 25
Net assets
$5.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $451K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.16 Fundraising $0.04
Program efficiency
81%
of spending reaches programs
Operating runway
59.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+42%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$1.1M
FY2020
Expenses
$631K
FY2020
Total assets
$5.9M
FY2020
Total liabilities
$373K
FY2020
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$631K
Pt IX · Ln 25
Net assets
$5.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$451K
Total assetsPt X · Ln 16$5.9M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 31527
Independent voting membersPt I · Ln 41527
Mission & Programs · Part III

Where the work happens

3 program services account for $509K of program spending, described in the organization's own filed words · FY2020.
01

Provide Permanent Facility for use by membersSequim Senior Services operates Sequims only senior center, dba Shipley Center. Over 100 volunteers donate time valued at over $400,000 annually. At Shipley Center and the affordable Leo's Caf, senior citizens are welcome to spend time with friends and make new friends.

$394Kprogram expense
02

Rental Revenue from 55+ Adult Senior Mobile Home Community Baywood VillageBaywood Village, donated to Shipley Center by R. Leo Shipley in 2013, provides the lowest space-rent in the surrounding area for seniors 55 and over who own manufactured/mobile homes.

$58Kprogram expense
03

Senior Trips and ToursSeniors are offered a wide variety of interesting, educational, and fun trips on our wheelchair-accessible bus to destinations all over Western Washington, provided at as reasonable a cost as possible.

$57Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSequim Senior Services
EINHdr · item D91-1355592
Principal addressHdr · item CSequim, WA
WebsiteHdr · item Jwww.shipleycenter.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P81I)
Ruling yearIRS BMFAug 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1527
Independent voting membersPt VI · Ln 1b1527
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
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
$0Pt VII · Sec A
Miriam Spreine
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Joan M Hull
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Michael M Smith$107,120$103,502

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$723K · 67%
Program service revenue$257K · 24%
Other revenue$68K · 6%
Investment income$35K · 3%
Contributions & grants67%$723K
Program service revenue24%$257K
Other revenue6%$68K
Investment income3%$35K
— government grantsLn 1e$23K
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.16 Fundraising $0.04
Program services81%$509K
Management & general16%$99K
Fundraising4%$22K
Total functional expensesLn 25$631K

Balance Sheet

Part X · end of year
CashLn 1$1.8M
Total assetsLn 16$5.9M
Total liabilitiesLn 26$373K
Total net assetsLn 32$5.5M
Months of cash on handcomputed35.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.1M · Operating expenses/yr $631K
59.4 months
Where the money goes
Program services
Program services $509K · Total expenses $631K
81%
Management & General
Management & general $99K · Total expenses $631K
16%
Fundraising
Fundraising $22K · Total expenses $631K
4%
Cost to raise $1
Fundraising expense $22K · Solicited contributions $700K
$0.03 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $723K · Total revenue $1.1M
67%
Government reliance
Government grants $23K · Total revenue $1.1M
2%
Earned-income share
Program service revenue $257K · Total revenue $1.1M
24%
Investment reliance
Investment income $35K · Total revenue $1.1M
+3%
Program self-sufficiency
Program service revenue $257K · Total expenses $631K
41%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $5.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $631K
+42%
Liabilities-to-Assets
Total liabilities — · Total assets $5.9M
—
Net-asset ratio
Net assets $5.5M · Total assets $5.9M
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.3M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $5.9M
22%
People & payroll
Highest Reported Total Compensation
Individual Margaret L Cox · Reported title President · Highest reported compensation $0 · Total expenses $631K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $394K · Total expenses $631K
62%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 16%——
Fundraising cost ratio 3%——
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 · FY2023
The Seattle FoundationFY2023$30K
Amazonsmile FoundationFY2023$246
Total grants receivedfrom 2 funders$30K
Grants paid · 10 grants · $206K · 2020–2024
Unitemized GrantFY2024$55,051
Unitemized GrantFY2024$7,510
Unitemized GrantFY2023$47,428
Unitemized GrantFY2023$2,381
Unitemized GrantFY2022$35,229
Unitemized GrantFY2022$4,217
Unitemized GrantFY2021$41,208
Unitemized GrantFY2021$2,387
Unitemized GrantFY2020$7,957
Unitemized GrantFY2020$2,298

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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)$1.2M revenue · ⤓ 990 PDF
FY2023$920K revenue · ⤓ 990 PDF
FY2022$754K revenue · ⤓ 990 PDF
FY2021$870K revenue · ⤓ 990 PDF
FY2020$1.1M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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