Nonprofit · EIN 80-0867356
FRIENDS OF SEATTLE WATERFRONT
Tax-exempt · SEATTLE, WA 98101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $21,016,878 | $28,741,877 | -$7,724,999 | $25,011,571 | $1,443,372 | $23,568,199 |
| December 31, 2023 | 990 | $40,720,932 | $33,808,963 | $6,911,969 | $34,331,385 | $1,484,890 | $32,846,495 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $18,113,095
- of which government grants
- $3,014,205
- Program service revenue
- $22,173
- Investment income
- $2,868,561
- Net rental income
- $5,677
- Net gain from sales of assets
- $1,901,451
- Other revenue
- $13,049
Expenses
- Grants and similar amounts paid
- $20,065,000
- Compensation of officers, directors and key employees
- $521,136
- Other salaries and wages
- $2,972,409
- Salaries, compensation and benefits (total)
- $4,282,259
- Professional fundraising fees
- $60,678
- Legal fees
- $35,413
- Accounting fees
- $32,880
- Occupancy
- $207,901
- Travel
- $28,650
- Depreciation
- $97,720
- Program services (functional)
- $26,364,420
- Management and general (functional)
- $1,268,936
- Fundraising (functional)
- $1,108,521
Balance sheet and other
- Total assets, start of year
- $34,331,385
- Total assets, end of year
- $25,011,571
- Total liabilities, end of year
- $1,443,372
- Net assets, end of year
- $23,568,199
- Land, buildings and equipment
- $751,038
- Net assets without donor restrictions
- $14,344,540
- Net assets with donor restrictions
- $9,223,659
- Gross receipts
- $40,676,808
- Employees
- 45
- Volunteers
- 27
- Year formed
- 2012
- State of legal domicile
- WA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOY SHIGAKI | PRESIDENT AND CEO Officer | 40 | $291,275 | $19,135 |
| ELDON TAM | CHIEF OPERATING OFFICER Officer | 40 | $204,000 | $6,726 |
| YOON KANG-O'HIGGINS | SR DIRECTOR OF COMMUNITY IMPACT & PROGRAMS Highest-paid employee | 40 | $170,000 | $36,951 |
| ANNA O'DONNELL | CHIEF PHILANTHROPY OFFICER Highest-paid employee | 40 | $176,212 | $16,939 |
| SHIVA SHAFII | DIRECTOR OF MARKETING & COMMUNICATIONS Highest-paid employee | 40 | $144,525 | $8,746 |
| FRANK MERGES | SR MANAGER OF MARKETING & CONTENT Highest-paid employee | 40 | $106,822 | $25,193 |
| JOEY SMITH | ASSISTANT DIRECTOR OF PHILANTHROPY Highest-paid employee | 40 | $105,883 | $13,623 |
| MAGGIE WALKER | CHAIR AND DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| CHARLIE WRIGHT | VICE CHAIR AND DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN NESHOLM | TREASURER AND DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| OLIVE GOH | SECRETARY AND DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| RYAN SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICK GORDON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM BYERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN GEIGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
19 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEONARD FORSMAN | DIRECTOR Trustee or director | 1 | $0 |
| MARTHA KONGSGAARD | DIRECTOR Trustee or director | 1 | $0 |
| KARLA BROLLIER | DIRECTOR Trustee or director | 1 | $0 |
| FALONA JOY | DIRECTOR Trustee or director | 1 | $0 |
| JEANNIE NORDSTROM | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS DEVORE | DIRECTOR Trustee or director | 1 | $0 |
| CARLA LEWIS | DIRECTOR Trustee or director | 1 | $0 |
| LORI METCALF | DIRECTOR Trustee or director | 1 | $0 |
| STUART ROLFE | DIRECTOR Trustee or director | 1 | $0 |
| KAYLEY RUNSTAD SWAN | DIRECTOR Trustee or director | 1 | $0 |
| DAN KULLY | DIRECTOR Trustee or director | 1 | $0 |
| CAROL BINDER | DIRECTOR Trustee or director | 1 | $0 |
| JULIE STEIN | DIRECTOR Trustee or director | 1 | $0 |
| HEWAN TESHOME | DIRECTOR Trustee or director | 1 | $0 |
| LOUIE UNGARO | DIRECTOR Trustee or director | 1 | $0 |
| BRADY WALKINSHAW | DIRECTOR Trustee or director | 1 | $0 |
| MIKE HALPERIN | DIRECTOR Trustee or director | 1 | $0 |
| SAEMA SOMALYA | DIRECTOR Trustee or director | 1 | $0 |
| MICHAELA RAIKES | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 36 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Joy Shigaki | CEO Officer, Key employee | 40 | $260,000 | $19,004 |
| Eldon Tam | Chief Operating Officer Officer, Key employee | 40 | $189,000 | $6,488 |
| Yoon Kang-O'Higgins | Director of Public Programs Highest-paid employee | 40 | $154,224 | $36,918 |
| Anna O'Donnell | Chief Philanthropy Officer Highest-paid employee | 40 | $170,748 | $16,957 |
| Marie Kidhe | Director of Community Relations Highest-paid employee | 40 | $130,971 | $15,687 |
| Amanda Streams | Director of Park Experience & Operations Highest-paid employee | 40 | $131,250 | $13,202 |
| Joey Smith | Assistant Director of Philanthropy Highest-paid employee | 40 | $102,600 | $13,481 |
| Maria Reyna | Assistant Director of Community Impact and Programs Highest-paid employee | 40 | $100,700 | $13,078 |
| Britt Rynearson | Communications Director Highest-paid employee | 40 | $110,703 | $600 |
| Mary Bass | Director Trustee or director | 1 | $0 | $0 |
| Karla Brollier | Director Trustee or director | 1 | $0 | $0 |
| Carol Binder | Director Trustee or director | 1 | $0 | $0 |
| Tom Byers | Director Trustee or director | 1 | $0 | $0 |
| Chris DeVore | Director Trustee or director | 1 | $0 | $0 |
| Leonard Forsman | Director Trustee or director | 1 | $0 | $0 |
| Kevin Geiger | Director Trustee or director | 1 | $0 | $0 |
| Olive Goh | Director Trustee or director | 1 | $0 | $0 |
| Patrick Gordon | Director Trustee or director | 1 | $0 | $0 |
| Mike Halperin | Director Trustee or director | 1 | $0 | $0 |
| Sandra Jackson-Dumont | Director Trustee or director | 1 | $0 | $0 |
| Falona Joy | Director Trustee or director | 1 | $0 | $0 |
| Martha Kongsgaard | Director Trustee or director | 1 | $0 | $0 |
| Dan Kully | Director Trustee or director | 1 | $0 | $0 |
| Carla Lewis | Director Trustee or director | 1 | $0 | $0 |
| Lori Metcalf | Director Trustee or director | 1 | $0 | $0 |
| John Nesholm | Treasurer and Director Trustee or director, Officer | 2 | $0 | $0 |
| Jeannie Nordstrom | Secretary and Director Trustee or director, Officer | 1 | $0 | $0 |
| Stuart Rolfe | Director Trustee or director | 1 | $0 | $0 |
| Kayey Runstad Swan | Director Trustee or director | 1 | $0 | $0 |
| Ryan Smith | Director Trustee or director | 1 | $0 | $0 |
| Julie Stein | Director Trustee or director | 1 | $0 | $0 |
| Hewan Teshome | Director Trustee or director | 1 | $0 | $0 |
| Louie Ungaro | Director Trustee or director | 1 | $0 | $0 |
| Maggie Walker | Chair and Director Trustee or director, Officer | 5 | $0 | $0 |
| Brady Pinero Walkinshaw | Director Trustee or director | 1 | $0 | $0 |
| Charles Wright | Vice-Chair and Director Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1201 ALASKAN WAY STE 200, SEATTLE, WA 98101-2913
- In care of
- % B GERALD JOHNSON
- Principal officer (990 for 2024)
- JOY SHIGAKI, 1201 ALASKAN WAY 200, SEATTLE, WA 98101
- Signed the 990
- JOY SHIGAKI, PRESIDENT
- Phone
- (206) 382-5552
- Return prepared by
- GREENWOOD OHLUND PS
Mission
TO BRING PEOPLE, COMMUNITIES, AND RESOURCES TOGETHER TO ENSURE WATERFRONT PARK THRIVES AS A VIBRANT GATHERING SPACE - UPLIFTING LOCALS, FOSTERING CONNECTIONS AND HONORING SEATTLE'S NATURAL BEAUTY AND STORIES.
Program accomplishments
- GRANT TO CITY OF SEATTLE FOR CAPITAL IMPROVEMENTS TO THE CENTRAL WATERFRONT PROJECT.Expenses $20,000,000 · grants $20,000,000
- FRIENDS OF WATERFRONT PARK IS THE NONPROFIT PARTNER TO THE CITY OF SEATTLE TO HELP BUILD, OPERATE, PROGRAM, AND STEWARD THE FUTURE WATERFRONT PARK, SLATED TO OPEN IN 2025. IN 2024, FRIENDS HOSTED OVER 60 ACTIVATIONS AT WATERFRONT PARK, INCLUDING PERFORMANCES, FESTIVALS, AND A VENDING PROGRAM PILOT, DRAWING 30,000+ ATTENDEES. MOST EVENTS WERE FREE, WITH ONE TICKETED EVENT. PROGRAMS FEATURED 23 EVENTS, 4 INDIGENOUS ART INSTALLATIONS, AND 9 MINORITY-OWNED VENDORS. OF THESE, 17 HAD POC REPRESENTATION AND 7 INCLUDED INDIGENOUS PARTNERS, INVOLVING OVER 100 COLLABORATORS, INCLUDING 39 EVENT PARTNERS, 71 RETAIL AND FOOD CONCESSIONAIRES, AND 73 ARTISTS AND ENTERTAINERS.Expenses $6,364,420 · grants $65,000 · revenue $22,173
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 80-0867356
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $25,011,571
- Income (IRS master file)
- $40,676,808
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $21,016,878 | $28,741,877 | $25,011,571 | XML |
| 990 | December 2023 | $40,720,932 | $33,808,963 | $34,331,385 | XML |
| 990 | December 2022 | $21,501,273 | $27,418,369 | $26,413,747 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 80-0867356).
Questions about FRIENDS OF SEATTLE WATERFRONT
- What is the EIN of FRIENDS OF SEATTLE WATERFRONT?
- The employer identification number (EIN) of FRIENDS OF SEATTLE WATERFRONT is 80-0867356.
- Is FRIENDS OF SEATTLE WATERFRONT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to FRIENDS OF SEATTLE WATERFRONT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF SEATTLE WATERFRONT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRIENDS OF SEATTLE WATERFRONT due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF SEATTLE WATERFRONT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FRIENDS OF SEATTLE WATERFRONT?
- The 990 for the year ended December 31, 2024 names JOY SHIGAKI.
- Who are the officers and directors of FRIENDS OF SEATTLE WATERFRONT?
- The 990 for the year ended December 31, 2024 lists 34 people; 7 received compensation from the organization, the highest $291,275 (JOY SHIGAKI, PRESIDENT AND CEO).
- How much revenue does FRIENDS OF SEATTLE WATERFRONT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $21,016,878, expenses of $28,741,877 and total assets of $25,011,571 at year end.
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