Firestation Seven Associates FY2020 filing

Not tax-deductible

Seattle, WAMutual-benefit / member-serving EIN 91-1370580Revenue $23K in FY2020Latest return filed Nov 14, 2025

On file with the IRS402 15th Ave E, 98112-4505 · Seattle, WATax-exempt since Aug 1988

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

Mission: Form 990 Part I, line 1

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FY2020 · 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
67 mo
of spending, in cash
Looks good: 66.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$767K
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$23K
Spent
$8K
Net assets
$457K
By yearFY2020–FY2024
Revenue
$23K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$23K
FY2021$37K
FY2022$39K
FY2023$43K
FY2024$43K
Expenses
$8K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$8K
FY2021$7K
FY2022$10K
FY2023$15K
FY2024$16K
Net assets
$457K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$457K
FY2021$496K
FY2022$525K
FY2023$544K
FY2024$580K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

5 people listed on the 990.

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

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.

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1 program · in their own filed words · FY2020
01

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

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$23K
Ln 12
Other incomeLn 4–11$23K
Investment incomeLn 3$1
Money outPt IX
$8K
Ln 25
Owns and owesPt X
$457K
net assets · Ln 32
Cash and savingsLn 1–2$47K
Total assetsLn 16$1.2M
LiabilitiesLn 26$767K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$1
Other incomeLn 4–11$23K
Total revenueLn 12$23K
Assets in detailPt X, end of year
CashLn 1$47K
Cash and savings togetherLn 1–2$47K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$57K
Total assetsLn 16$1.2M
LiabilitiesLn 26$767K
Net assetsLn 32$457K
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 FY20End FY20
Cash and savingsLn 1–2$22K$47K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$774K$767K
Net assetsLn 32$442K$457K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$6K
Office expensesLn 13$855
InsuranceLn 23$1K
Other expenses (24a–d)Ln 24$536
Total functional expensesLn 25$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 14, 2025 $43K$16K$28K$580K 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $43K$15K$28K$544K 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $39K$10K$29K$525K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $37K$7K$30K$496K 990 PDF
FY2020 ViewingFiled with the IRS Nov 15, 2021 $23K$8K$14K$457K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $22,742 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1$1
I-11 Other revenuePrior year $10,114$22,741
I-12 Total revenuePrior year $10,115$22,742
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $13,235$8,454
I-18 Total expensesPrior year $13,235$8,454
I-19 Revenue less expensesPrior year −$3,120$14,288
Part VI · Governance 4 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $22,742 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $1$1
VIII-6 Net rental income or lossRelated to mission $17,585 · Unrelated business $3,552 · Excluded from tax $1,604$22,741
VIII-12 Total revenueRelated to mission $17,585 · Unrelated business $3,552 · Excluded from tax $1,605$22,742
Part IX · Statement of functional expenses $8,454 across 4 lines filed
IX-11c Accounting fees$6,048
IX-13 Office expenses$855
IX-23 Insurance$1,015
IX-24 Other expenses (24a–d)$536
IX-25 Total functional expenses$8,454
Part X · Balance sheet $1,223,498 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $21,993$47,014
X-4 Accounts receivableStart of year $13,136$15,594
X-9 Prepaid expenses and deferred chargesStart of year $4,587$4,522
X-10c Land, buildings and equipment, netStart of year $1,099,872$1,099,840
X-15 Other assetsStart of year $76,242$56,528
X-16 Total assetsStart of year $1,215,830$1,223,498
X-17 Accounts payable and accrued expensesStart of year $1,625$1,881
X-19 Deferred revenueStart of year $680$8,354
X-25 Other liabilitiesStart of year $3,277$3,277
X-26 Total liabilitiesStart of year $773,527$766,907
X-27 Net assets without donor restrictionsStart of year $442,303$456,591
X-32 Total net assets or fund balancesStart of year $442,303$456,591
X-33 Total liabilities and net assetsStart of year $1,215,830$1,223,498
Part XI · Reconciliation of net assets $456,591 net assets at year end
XI-1 Total revenue$22,742
XI-2 Total expenses$8,454
XI-3 Revenue less expenses$14,288
XI-4 Net assets at start of year$442,303
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$456,591

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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