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Nonprofit · EIN 86-2626608

FEDERAL WAY PUBLIC MARKET

Tax-exempt (reinstated) · FEDERAL WAY, WA 98093

Financials

$28K$9K2022$25K$30K2023$35K$47K2024$116K$114K2025
Revenue Expenses · by fiscal year end
Financials of FEDERAL WAY PUBLIC MARKET by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$116,214$114,077$2,137$6,127$0$6,127
December 31, 2024990$35,350$47,481-$12,131$3,990$0$3,990
December 31, 2023990$24,831$29,605-$4,774$16,121$0$16,121
December 31, 2022990$27,929$8,567$19,362$20,895$0$20,895
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$116,214
of which government grants
$86,829
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$750
Program services (functional)
$101,010
Management and general (functional)
$13,067

Balance sheet and other

Total assets, start of year
$3,990
Total assets, end of year
$6,127
Total liabilities, end of year
$0
Net assets, end of year
$6,127
Net assets without donor restrictions
$6,127
Gross receipts
$116,214
Employees
0
Year formed
2021
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, 2025, highest compensation first.

NameTitleHours / weekCompensation
Gregory J McCannPresident
Trustee or director, Officer
18$0
David HarrelsonSecretary
Trustee or director, Officer
19$0
AnnMichelle HartFoundation Mgr.
Trustee or director
32$0
Ron WalkerVice President
Trustee or director, Officer
18$0
Favour OrjiTrustee
Trustee or director
15$0
Megan NadanTreasurer
Trustee or director, Officer
18$0
Rino BalatbatTrustee
Trustee or director
15$0
990 for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
Gregory J McCannPresident
Trustee or director, Officer
22$0
David HarrelsonSecretary
Trustee or director, Officer
24$0
AnnMichelle HartFoundation Mgr.
Trustee or director
19$0
Nicole CuthbertsonTreasurer
Trustee or director, Officer
18$0
Ron WalkerTrustee
Trustee or director
18$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
Roger FlygarePresident
Trustee or director, Officer
23$0
Greg McCannVice President
Trustee or director, Officer
16$0
David HarrelsonSecretary
Trustee or director, Officer
20$0
AnnMichelle HartFoundation Mgr.
Trustee or director
18$0
Rino BalabatTrustee
Trustee or director
12$0
Nicole CuthbertsonTreasurer
Trustee or director, Officer
14$0
Ron WalkerTrustee
Trustee or director
16$0
990 for the year ended December 31, 2022: 7 people
NameTitleHours / weekCompensation
Roger FlygarePresident
Trustee or director, Officer
19$0
Greg McCannVice President
Trustee or director, Officer
16$0
David HarrelsonSecretary
Trustee or director, Officer
20$0
AnnMichelle HartFoundation Mgr.
Trustee or director
25$0
Rino BalabatTrustee
Trustee or director
13$0
Nicole CuthbertsonTreasurer
Trustee or director, Officer
14$0
Ron WalkerTrustee
Trustee or director
16$0

Address and contacts

Address (IRS master file)
PO BOX 26036, FEDERAL WAY, WA 98093-3036
In care of
% ROGER G FLYGARE
Principal officer (990 for 2025)
AnnMichelle Hart, PO Box 26036, Federal Way, WA 98093
Signed the 990
Gregory J McCann, President
Phone
(206) 261-5101
Return prepared by
Northshore Tax & Accounting

Mission

Development of a year-round public market that would serve as a community hub to help community emerge as a more vibrant and economically viable place to live, work, and play.

990 for the year ended December 31, 2025

Program accomplishments

  • Began Feasibility Study. In October 2023, we discussed with Aaron Zaretsky, internationally recognized expert in public markets, our ideas to establish a public market in Federal Way. Aaron had served as the Director of Seattle's Pike Place Market for 15 years after it was saved from development in the late 1970s. Aaron brought with him his business partner, Mark Ernst, who designed Bellevue's Downtown Park early in his career. Throughout 2024, Federal Way Public Market FWPM engaged with Aaron and did Pre-Feasibility Analysis, including early site analysis, potential costs, connections to pedestrian walkways, transit and parking. FWPM contracted with Aaron and the actual Feasibility Study began near the end of the year, evaluating demographics and economics, examining existing retailers, determining missing market segments, identifying challenges, and appraising long term viability.
    Expenses $66,767 · grants $67,000
  • Large Community Meetings. Public Outreach, Governemtn Relations, Internal Planning, Significant outreach to gather information from local businesses, organizations, and members of the community
    Expenses $31,232 · grants $10,000
  • Development of videos and schematics of what a future Federal Way Public Market could look like, Public Presentation Costs. Ron Walker, VP, is highly skilled in turning visions into film, using a combination of historical photos, architectural renderings, and AI to produce a series of videos for public presentation and the FWPM Social Media campaign
    Expenses $3,011

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
86-2626608
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
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$6,127
Income (IRS master file)
$116,214

Revocation and reinstatement

Exemption revoked
May 15, 2024
Posted by the IRS
August 12, 2024
Reinstated
Effective May 15, 2024

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$116,214$114,077$6,127XML
990December 2024$35,350$47,481$3,990IRS
990December 2023$24,831$29,605$16,121XML
990December 2022$27,929$8,567$20,895XML

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 86-2626608).

Questions about FEDERAL WAY PUBLIC MARKET

What is the EIN of FEDERAL WAY PUBLIC MARKET?
The employer identification number (EIN) of FEDERAL WAY PUBLIC MARKET is 86-2626608.
Is FEDERAL WAY PUBLIC MARKET tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2024 and reinstated it effective May 15, 2024.
Are donations to FEDERAL WAY PUBLIC MARKET tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FEDERAL WAY PUBLIC MARKET 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 FEDERAL WAY PUBLIC MARKET due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FEDERAL WAY PUBLIC MARKET last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of FEDERAL WAY PUBLIC MARKET?
The 990 for the year ended December 31, 2025 names AnnMichelle Hart.
Who are the officers and directors of FEDERAL WAY PUBLIC MARKET?
The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does FEDERAL WAY PUBLIC MARKET have?
On its 990 for the year ended December 31, 2025 it reported revenue of $116,214, expenses of $114,077 and total assets of $6,127 at year end.

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