Nonprofit · EIN 84-4232460
THE RESIDENCY
Tax-exempt · SEATTLE, WA 98121
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $531,389 | $323,622 | $207,767 | $1,138,513 | $12,152 | $1,126,361 |
| June 30, 2024 | 990 | $1,137,830 | $556,877 | $580,953 | $939,831 | $23,208 | $916,623 |
| June 30, 2023 | 990 | $686,378 | $649,041 | $37,337 | $357,381 | $21,711 | $335,670 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $363,375
- of which government grants
- $35,850
- Program service revenue
- $38,200
- Investment income
- $4,009
- Net income from fundraising events
- $126,413
- Net income from sales of inventory
- -$608
- Other revenue
- $125,805
Expenses
- Grants and similar amounts paid
- $21,180
- Other salaries and wages
- $172,317
- Salaries, compensation and benefits (total)
- $191,019
- Professional fundraising fees
- $14,400
- Legal fees
- $970
- Accounting fees
- $5,672
- Occupancy
- $16,537
- Travel
- $393
- Program services (functional)
- $251,591
- Management and general (functional)
- $35,871
- Fundraising (functional)
- $36,160
Balance sheet and other
- Total assets, start of year
- $939,831
- Total assets, end of year
- $1,138,513
- Total liabilities, end of year
- $12,152
- Net assets, end of year
- $1,126,361
- Publicly traded securities
- $26,780
- Net assets without donor restrictions
- $1,086,361
- Net assets with donor restrictions
- $40,000
- Gross receipts
- $623,045
- Employees
- 9
- Volunteers
- 10
- Year formed
- 2020
- 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 |
|---|---|---|---|
| JONATHAN CUNNINGHAM | PRESIDENT, TREASURER, DIRE Trustee or director, Officer | 5 | $0 |
| BEN SECORD | SECRETARY, DIRECTOR Trustee or director, Officer | 40 | $0 |
| BEN HAGGERTY | VICE PRESIDENT, DIRECTOR Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JONATHAN CUNNINGHAM | PRESIDENT, TREASURER, DIRE Trustee or director, Officer | 5 | $0 |
| BEN SECORD | SECRETARY, DIRECTOR Trustee or director, Officer | 40 | $0 |
| BEN HAGGERTY | VICE PRESIDENT, DIRECTOR Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JONATHAN CUNNINGHAM | PRESIDENT, TREASURER, DIRE Trustee or director, Officer | 5 | $0 |
| BEN SECORD | SECRETARY, DIRECTOR Trustee or director, Officer | 40 | $0 |
| BEN HAGGERTY | VICE PRESIDENT, DIRECTOR Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2033 6TH AVE STE 600, SEATTLE, WA 98121-2591
- In care of
- % VWC PS
- Principal officer (990 for 2024)
- BEN SECORD, ATTN MEZZANINE 2033 6TH AVE 600, SEATTLE, WA 98121
- Signed the 990
- BEN SECORD, SECRETARY
- Phone
- (206) 388-2995
- Return prepared by
- VWC PS
Mission
THE RESIDENCY SEEKS TO BUILD A POWERFUL COMMUNITY OF YOUNG HIP-HOP ARTISTS EQUIPPED WITH THE ARTISTIC AND LEADERSHIP SKILLS, BUSINESS ACUMEN, AND MENTORSHIP NECESSARY TO BECOME PROFESSIONAL ARTISTS AND CULTURAL CHANGE MAKERS. THROUGH THEIR PARTICIPATION IN THE RESIDENCY, YOUNG ARTISTS FROM LOW-INCOME FAMILIES ACQUIRE TANGIBLE ARTISTIC AND PROFESSIONAL SKILLS WHILE ALSO GAINING CONFIDENCE, TEAMWORK, AND A DEEPENED UNDERSTANDING OF THEIR OWN IDENTITY AND POWER.
Program accomplishments
- MONTH LONG INTENSIVE WORKSHOP WHERE UP TO 45 YOUNG PEOPLE (AGES 16-24) PARTICIPATE IN EITHER A VOCAL OR PRODUCTION TRACK. DURING THE INTENSIVE, YOUTH WRITE ORIGINAL SONGS, RECORD IN A PROFESSIONAL STUDIO AND PERFORM IN FRONT OF HUNDREDS OF PEOPLE AT A PREMIERE SEATTLE VENUE. IN ADDITION TO MAKING, RECORDING AND PERFORMING THEIR MUSIC, THE YOUTH PARTICIPATE IN A NUMBER OF ENGAGING PANEL DISCUSSIONS WITH LEADERS IN THE NORTHWEST CREATIVE COMMUNITY. THE RESIDENCY EXISTS TO BREAK DOWN BARRIERS TO EQUITABLE ARTS LEARNING. WE CONTINUE TO CENTER BLACK, INDIGENOUS, & P.O.C IDENTIFYING YOUNG ARTISTS FROM LOW-INCOME FAMILIES TO HELP ACQUIRE TANGIBLE ARTISTIC AND PROFESSIONAL SKILLS WHILE ALSO GAINING CONFIDENCE, TEAMWORK, AND A DEEPENED UNDERSTANDING OF THEIR OWN IDENTITY AND POWER. IN AN EFFORT TO ADDRESS FINANCIAL DIFFICULTIES AND TO HONOR THEIR WORK AS ARTISTS, YOUTH PARTICIPANTS RECEIVE STIPENDS AT THE COMPLETION OF THE RESIDENCY. FURTHER, PARTICIPANTS RECEIVE SUBSIDIZED TRANSPORTATION AND MEALS THROUGHOUT THE RESIDENCY TO MINIMIZE POTENTIAL CHALLENGES TO FULL PARTICIPATION IN THE PROGRAM.Expenses $146,377 · grants $21,180
- THE YEAR-ROUND PROGRAM INCLUDES PARTICIPATING IN PERFORMANCES IN FRONT OF HUNDREDS OF PEOPLE AT A PREMIERE SEATTLE VENUE AND A NUMBER OF ENGAGING PANEL DISCUSSIONS WITH LEADERS IN THE NORTHWEST CREATIVE COMMUNITY.Expenses $105,214 · revenue $38,200
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 | Check at the IRS |
IRS record
- EIN
- 84-4232460
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $1,138,513
- Income (IRS master file)
- $623,045
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $531,389 | $323,622 | $1,138,513 | XML |
| 990 | June 2024 | $1,137,830 | $556,877 | $939,831 | IRS |
| 990 | June 2023 | $686,378 | $649,041 | $357,381 | XML |
| 990 | June 2022 | $584,028 | $447,175 | $323,777 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 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 84-4232460).
Questions about THE RESIDENCY
- What is the EIN of THE RESIDENCY?
- The employer identification number (EIN) of THE RESIDENCY is 84-4232460.
- Is THE RESIDENCY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to THE RESIDENCY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE RESIDENCY 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 THE RESIDENCY 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 THE RESIDENCY 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 THE RESIDENCY?
- The 990 for the year ended December 31, 2024 names BEN SECORD.
- Who are the officers and directors of THE RESIDENCY?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does THE RESIDENCY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $531,389, expenses of $323,622 and total assets of $1,138,513 at year end.
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