2025-07-15T18:05:27-05:00 2024-08-31 911007261 VWC PS PO BOX 1458 BELLEVUE WA 98009 990 2023-09-01 911186639 PRATT FINE ARTS CENTER PRAT 2063282200 1902 SOUTH MAIN STREET SEATTLE WA 98144 JESSICA BORUSKY EXECUTIVE DIRECTOR 2063883727 2025-07-15 1 1 RACHELLE A HOUGHTON P00193404 4252500051 2023 2025-03-06 01:10:19Z JESSICA BORUSKY 1902 SOUTH MAIN STREET SEATTLE WA 98144 3474229 0 X WWW.PRATT.ORG X 1976 WA PRATT FINE ARTS CENTER IS AN ARTS EDUCATION AND RESOURCE CENTER DEDICATED TO PROMOTING CREATIVE DEVELOPMENT AND ARTISTIC ENGAGEMENT TO THE LOCAL AND GLOBAL COMMUNITY. 16 16 343 169 0 0 913729 870234 1521822 1676283 51942 100026 61786 -5383 2549279 2641160 0 0 0 0 1800926 2013819 0 0 300226 1132820 1185699 2933746 3199518 -384467 -558358 6385927 5928806 1247163 1206606 5138764 4722200 MISSION: TO FOSTER A CREATIVE, INCLUSIVE ART MAKING COMMUNITY, PROVIDING ACCESS TO QUALITY EDUCATION AND PROFESSIONALLY EQUIPPED STUDIOS FOR EVERYONE. WE PROMOTE THE JOY AND TRANSFORMATIVE POWER OF ART AND ACTIVELY SUPPORT THE DEVELOPMENT OF VISUAL ARTISTS. 0 0 2173735 1676283 PROVIDING CLASSES AND WORKSHOPS OFFERED IN GLASS, METAL, SCULPTURE, JEWELRY, PAINTING, DRAWING AND PRINT MAKING TO APPROXIMATELY 2,500 STUDENTS. WHICH INCLUDES SPECIAL CLASSES FOR THE PUBLIC YOUTH, APPROXIMATELY 300 YOUTH STUDENTS SERVED. PROVIDING INDEPENDENT STUDY ACCESS TO OVER 1,000 STUDENTS AND ARTISTS WORKING WITH GLASS, METAL, JEWELRY, PAINTING, DRAWING AND PRINT MAKING. 2173735 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 16 0 1 343 1 0 0 0 0 0 1 1 0 0 0 0 X 16 16 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X X SARAH DANIEL PRATT 2063282200 1902 SOUTH MAIN STREET SEATTLE WA 98144 CHERYL BERENSON BOARD MEMBER 4.00 X 0 0 0 MOLLIE PRICE BOARD MEMBER 4.00 X 0 0 0 KEITH COOKE BOARD MEMBER 4.00 X 0 0 0 JULIE HAMM BOARD MEMBER, VICE PRESIDE 4.00 X 0 0 0 EVE SANFORD-NICHOLSON BOARD MEMBER 4.00 X 0 0 0 FRANCISCO GUERRERO BOARD MEMBER, VICE PRESIDE 4.00 X 0 0 0 BECKY GELDER BOARD MEMBER 4.00 X 0 0 0 DIAN HARTONO BOARD MEMBER, PRESIDENT 4.00 X 0 0 0 LEE CAMPBELL BOARD MEMBER 4.00 X 0 0 0 SARAH SHAIKH BOARD MEMBER, TREASURER 4.00 X 0 0 0 CYNTHIA HIBBARD BOARD MEMBER 4.00 X 0 0 0 SUSAN MARABITO BOARD MEMBER 4.00 X 0 0 0 BERNICE TERRELL BOARD MEMBER 4.00 X 0 0 0 JO MIKESELL BOARD MEMBER 4.00 X 0 0 0 MATTHEW SCHAUB BOARD MEMBER 4.00 X 0 0 0 SAMANTHA SONG BOARD MEMBER, SECRETARY 4.00 X 0 0 0 JESSICA BORUSKY EXECUTIVE DIRECTOR 40.00 X 118824 0 13829 118824 0 13829 1 0 0 0 501 COMMONS 1200 12TH AVE S STE 1101 SEATTLE WA 98144 ACCOUNTING 130421 1 68261 314568 13000 474405 12980 870234 CLASSES, WORKSHOPS AND 611600 1641952 1641952 OTHER 611600 34331 34331 1676283 32770 32770 612759 545503 67256 67256 67256 282183 314568 287566 -5383 -5383 2641160 1676283 0 94643 1687363 1298861 197791 190711 26466 13181 8338 4947 120115 78641 23361 18113 179875 117852 41232 20791 164635 164635 30183 15765 14418 116321 102646 7615 6060 87338 14665 43799 28874 56065 56065 236659 124291 105209 7159 47994 47994 54791 41623 8882 4286 EDUCATION 364237 362786 1451 DEVELOPMENT 19566 281 19285 OTHER COSTS 7093 3001 4092 BAD DEBT 817 423 394 3199518 2173735 725557 300226 37241 30069 88537 68597 507 22672 280 7129 6370571 1533028 4873833 4837543 1215999 840964 169530 121832 6385927 5928806 109569 122894 169648 182934 743455 712894 11091 224491 176793 1247163 1206606 X 4498183 4083503 640581 638697 5138764 4722200 6385927 5928806 -558358 147944 -6150 0 X 0 1 X 1 0 X 1815928 1616836 744383 1199206 870234 6246587 994571 258567 1109757 1480545 1740010 5583450 80686 98318 88467 92382 96557 456410 2891185 1973721 1942607 2772133 2706801 12286447 141598 170233 30940 26540 74617 443928 0 141598 170233 30940 26540 74617 443928 11842519 49654 32727 51662 51942 32770 218755 49654 32727 51662 51942 32770 218755 2940839 2006448 1994269 2824075 2739571 12505202 0.94700 0.94500 0.01750 0.01820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 16100 605671 60502 59676 638697 16100 16100 16100 16100 16100 16100 16100 16100 0.03000 0.97000 0 0 4250000 4250000 552265 482019 70246 314263 303026 11237 1161434 657372 504062 92609 90611 1998 4837543 REFUNDABLE ADVANCES 54961 OPERATING LEASE LIABILITY 121832 176793 2897016 147944 96557 17505 262006 2635010 6150 6150 2641160 3313580 96557 17505 114062 3199518 0 3199518 PART III, LINE 4: ARTISTS INVOLVED WITH PRATT DONATE ART WORK TO BE SOLD AT THE ORGANIZATIONS FUNDRAISING EVENTS. AT TIMES THE ART WORK IS DONATED OUTRIGHT, AND AT TIMES THE ARTISTS RECEIVE A PERCENTAGE OF THE SALE PROCEEDS WHEN/IF THE ART WORK IS SOLD. AT THE END OF THE YEAR, THE ORGANIZATION HAD ARTWORK THAT HAD BEEN DONATED BUT NOT YET SOLD; SUCH ART WORK WAS NOT POSTED ON THE BOOKS OF THE ORGANIZATION. PART V, LINE 4: ANNUAL SCHOLARSHIPS ENDOWMENT FUNDS ANNUAL EARNINGS ON THE ENDOWMENT FUNDS ANNUAL SCHOLARSHIPS. THERE IS A RESTRICTED TERM ENDOWMENT TO BE USED TO FUND OPERATIONS OF THE ORGANIZATION THRU APRIL 25, 2030. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF ADDITIONAL AUCTION FUNDRAISING EXPENSES 17,505. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF ADDITIONAL AUCTION FUNDRAISING EXPENSES 17,505. ANNUAL AUCTION 596751 314568 282183 85543 69940 132083 596751 314568 282183 85543 69940 132083 287566 -5383 1 X X X 0 0 0 0 0 0 0 0 0 PART I, LINE 3 THE BOARD LOOKS AT COMPENSATION SURVEYS, INDUSTRY TRENDS AND A COMPENSATION COMMITTEE IS USED WHEN DETERMINING THE SALARY AND BENEFIT PACKAGE FOR THE ORGANIZATIONS EXECUTIVE DIRECTOR. X 50 150000 AUCTION ART VARIES X 1 2338 BEVERAGES FOR AUCTION X ART SUPPLIES AND EQUIPMENT 5 10642 DONOR STATED VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IS OPEN TO THE PUBLIC. A MEMERSHIP FEE IS REQUIRED TO BE PAID IN ORDER TO BE A CURRENT MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RECEIVES THE FORM 990 AND RATIFIES THE 990. THE PREPARER FIRST REVIEWES THE 990 WITH THE EXECUTIVE DIRECTOR AND TREASURER. FORM 990, PART VI, SECTION B, LINE 12C THE FINANCE COMMITTEE REVIEWS RELATED PARTY AND POSSIBLE CONFLICTS OF INTEREST AS THEY ARISE AND APPROPRIATELY NOTIFIES THE BOARD OR DEALS WITH EACH INSTANCE IN ACCORDANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE FINANCE AND EXECUTIVE COMMITTEES REVIEW COMPARABLE DATA AND EMPLOYEE PERFORMANCE TO DETERMINE COMPENSATION FOR THE EXECUTIVE DIRECTOR, WHICH IS THEN APPROVED BY THE BOARD. THE EXECUTIVE DIRECTOR AND SENIOR MANAGEMENT STAFF DETERMINE APPROPRIATE COMPENSATION RANGES FOR ALL OTHER EMPLOYEE CLASSES. FORM 990, PART VI, SECTION C, LINE 18 FINANCIAL STATEMENTS, POLICY INFORMATION, FORM 1023 AND 990 ARE AVAILABLE FOR PUBLIC INSPECTION UPON WRITTEN REQUEST MAILED TO THE ORGANIZATION AND ON GUIDESTAR'S WEBSITE AT HTTP://WWW2.GUIDESTAR.ORG FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, POLICY INFORMATION, FORM 1023 AND 990 ARE AVAILABLE FOR PUBLIC INSPECTION UPON WRITTEN REQUEST MAILED TO THE ORGANIZATION AND ON GUIDESTAR'S WEBSITE AT HTTP://WWW2.GUIDESTAR.ORG