Firestation Seven Associates

Not tax-deductible

Seattle, WAMutual-benefit / member-servingEIN 91-1370580

This page gets seen. Tell your story. Claim this org.

The organization holds title to real estate, & collects and remits net income to its shareholder.

Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $26K a year · 70% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
59 mo
of spending, in cash
Looks good: 58.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$700K
55% of total assets
Fine: liabilities are 55% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$43K
+0.8% vs prior year
Spent
$16K
Net assets
$580K
By yearFY2020–FY2024
Revenue
$43K
FY2024▲ +0.8%
Revenue by fiscal year
FY2020$23K
FY2021$37K
FY2022$39K
FY2023$43K
FY2024$43K
Expenses
$16K
FY2024▲ +3%
Expenses by fiscal year
FY2020$8K
FY2021$7K
FY2022$10K
FY2023$15K
FY2024$16K
Net assets
$580K
FY2024▲ +7%
Net assets by fiscal year
FY2020$457K
FY2021$496K
FY2022$525K
FY2023$544K
FY2024$580K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1988.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Vice President & Secretary
$0Pt VII · Sec A
President & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Firestation Seven Associates executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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 15aNo

Programs and updates

Owns property and sends net income to its shareholder.

Provided by the organization

This section is blank until Firestation Seven Associates claims this page.

Know this organization? Claim it to add your story

1 program service, described in the organization's own filed words · FY2024.
01

The organization holds title to historic real estate, maintains the property, and collects and remits net income to its SHAREHOLDER.IN 2021, fire station 7 became a site for a commercial energy usage study conducted by the northwest energy efficiency alliance.

Pt IX · col B

Run this program? Claim this org to tell your story

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$43K
Ln 12
Other incomeLn 4–11$43K
Money outPt IX
$16K
Ln 25
Owns and owesPt X
$580K
net assets · Ln 32
Cash and savingsLn 1–2$76K
Total assetsLn 16$1.3M
LiabilitiesLn 26$700K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$43K
Total revenueLn 12$43K
Assets in detailPt X, end of year
CashLn 1$71K
SavingsLn 2$5K
Cash and savings togetherLn 1–2$76K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$62K
Total assetsLn 16$1.3M
LiabilitiesLn 26$700K
Net assetsLn 32$580K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$76K$76K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$727K$700K
Net assetsLn 32$544K$580K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$11K
Office expensesLn 13$1K
Other expenses (24a–d)Ln 24$3K
Total functional expensesLn 25$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $43K$16K$28K$580K 990 PDF
FY2023 $43K$15K$28K$544K 990 PDF
FY2022 $39K$10K$29K$525K 990 PDF
FY2021 $37K$7K$30K$496K 990 PDF
FY2020 $23K$8K$14K$457K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $43,197 across 2 lines filed
VIII-6 Net rental income or lossRelated to mission $24,824 · Unrelated business $11,612 · Excluded from tax $6,761$43,197
VIII-12 Total revenueRelated to mission $24,824 · Unrelated business $11,612 · Excluded from tax $6,761$43,197
Part IX · Statement of functional expenses $15,647 across 3 lines filed
IX-11c Accounting fees$11,465
IX-13 Office expenses$1,069
IX-24 Other expenses (24a–d)$3,113
IX-25 Total functional expenses$15,647
Part X · Balance sheet $1,280,006 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $70,882$71,360
X-2 Savings and temporary cash investmentsStart of year $5,036$5,037
X-4 Accounts receivableStart of year $11,586$17,780
X-9 Prepaid expenses and deferred chargesStart of year $14,951$16,076
X-10c Land, buildings and equipment, netStart of year $1,107,888$1,107,566
X-15 Other assetsStart of year $59,887$62,187
X-16 Total assetsStart of year $1,270,230$1,280,006
X-17 Accounts payable and accrued expensesStart of year $647$708
X-19 Deferred revenueStart of year $8,354$8,354
X-25 Other liabilitiesStart of year $3,277$3,277
X-26 Total liabilitiesStart of year $726,581$699,526
X-27 Net assets without donor restrictionsStart of year $543,649$580,480
X-32 Total net assets or fund balancesStart of year $543,649$580,480
X-33 Total liabilities and net assetsStart of year $1,270,230$1,280,006
Part XI · Reconciliation of net assets $580,480 net assets at year end
XI-1 Total revenue$43,197
XI-2 Total expenses$15,647
XI-3 Revenue less expenses$27,550
XI-4 Net assets at start of year$543,649
XI-8 Prior period adjustments$9,281
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$580,480

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.