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Seattle Internet Exchange FY2024 filing

Not tax-deductible

Seattle, WA501(c)(6)Since 2001Community DevelopmentEIN 91-2148657

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Operation of the Seattle Internet Exchange.

Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
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
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
5 of 6
filings with a surplus
Average surplus $82K a year · 21% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
50 mo
of spending, in cash
Looks good: 49.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 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
$334K
+1% vs prior year
Spent
$291K
To programs
0%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$334K
FY2024▲ +1%
Revenue by fiscal year
FY2020$401K
FY2021$554K
FY2022$384K
FY2023$330K
FY2024$334K
FY2025$351K
Expenses
$291K
FY2024▼ -4%
Expenses by fiscal year
FY2020$189K
FY2021$217K
FY2022$615K
FY2023$302K
FY2024$291K
FY2025$250K
Net assets
$1.2M
FY2024▲ +4%
Net assets by fiscal year
FY2020$1.0M
FY2021$1.4M
FY2022$1.1M
FY2023$1.2M
FY2024$1.2M
FY2025$1.3M

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 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 2008.

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Nikos Mouat
President and Director
$0Pt VII · Sec A
Erica Hughes Ehnert
Vice President and Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Steve Perry
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chris Caputo
Secretary/Treasurer
$0Pt VII · Sec A
See Seattle Internet Exchange 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 15aNo

Programs and updates

Operates the Seattle Internet Exchange for faster data transfer.

Provided by the organization

This section is blank until Seattle Internet Exchange claims this page.

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1 program service account for $291K of program spending, described in the organization's own filed words · FY2024.
01

Internet Exchange Point

We aid, support, and assist the efficient transmission of educational, scientific, medical and other information and communications by creating and maintaining direct communications interconnections between members.

$291Kprogram expense

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By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$334K
Ln 12
Fees for servicesLn 2g$240K
Investment incomeLn 3$56K
Gifts and grantsLn 1h$38K
Money outPt IX
$291K
Ln 25
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$38K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$240K
Investment incomeLn 3$56K
Total revenueLn 12$334K
Assets in detailPt X, end of year
CashLn 1$33K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.2M$1.2M
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$224K
Legal feesLn 11b$130
Accounting feesLn 11c$41
Information technologyLn 14$3K
Depreciation, depletion and amortizationLn 22$10K
InsuranceLn 23$6K
Other expenses (24a–d)Ln 24$47K
Total functional expensesLn 25$291K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $351K$250K$100K$1.3M 990 PDF
FY2024 Viewing $334K$291K$43K$1.2M 990 PDF
FY2023 $330K$302K$28K$1.2M 990 PDF
FY2022 $384K$615K−$231K$1.1M 990 PDF
FY2021 $554K$217K$337K$1.4M 990 PDF
FY2020 $401K$189K$212K$1.0M 990 PDF

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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 $334,420 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$37,900
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$37,900
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $240,478 · Unrelated business $0 · Excluded from tax $0$240,478
VIII-3 Investment incomeRelated to mission $56,042 · Unrelated business $0 · Excluded from tax $0$56,042
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $296,520 · Unrelated business $0 · Excluded from tax $0$334,420
Part IX · Statement of functional expenses $291,120 across 7 lines filed
IX-11a Management fees$224,357
IX-11b Legal fees$130
IX-11c Accounting fees$41
IX-14 Information technology$3,255
IX-22 Depreciation, depletion and amortization$10,200
IX-23 Insurance$6,139
IX-24 Other expenses (24a–d)$46,998
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$291,120
Part X · Balance sheet $1,201,186 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $66,994$33,059
X-2 Savings and temporary cash investmentsStart of year $1,090,892$1,168,127
X-16 Total assetsStart of year $1,157,886$1,201,186
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,157,886$1,201,186
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,157,886$1,201,186
X-33 Total liabilities and net assetsStart of year $1,157,886$1,201,186
Part XI · Reconciliation of net assets $1,201,186 net assets at year end
XI-1 Total revenue$334,420
XI-2 Total expenses$291,120
XI-3 Revenue less expenses$43,300
XI-4 Net assets at start of year$1,157,886
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,201,186

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

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