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Nonprofit · EIN 91-1753489

PACIFIC MARINE FOUNDATION INC

Tax-exempt · SEATTLE, WA 98119

Financials

$392K$309K2022$257K$225K2023
Revenue Expenses · by fiscal year end
Financials of PACIFIC MARINE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
July 31, 2024990$257,218$225,214$32,004$1,257,274$486,439$770,835
July 31, 2023990$392,407$309,449$82,958$1,093,026$354,195$738,831
Financial details: 990 for the year ended July 31, 2024

Revenue

Contributions, gifts and grants
$314,718
Program service revenue
$0
Investment income
$0
Net income from sales of inventory
-$57,500
Other revenue
-$57,500

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$102,705
Salaries, compensation and benefits (total)
$110,562
Professional fundraising fees
$0
Program services (functional)
$202,117
Management and general (functional)
$13,784
Fundraising (functional)
$9,313

Balance sheet and other

Total assets, start of year
$1,093,026
Total assets, end of year
$1,257,274
Total liabilities, end of year
$486,439
Net assets, end of year
$770,835
Net assets without donor restrictions
$770,835
Gross receipts
$397,218
Employees
2
Volunteers
0
Year formed
1996
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 July 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
David WallacePresident
Trustee or director, Officer
40$67,816
Richard WallaceOfficer
Trustee or director, Officer
40$34,889
Eric WallaceOfficer
Trustee or director, Officer
20$0
990 for the year ended July 31, 2023: 3 people
NameTitleHours / weekCompensation
David WallacePresident
Trustee or director, Officer
40$67,816
Richard WallaceOfficer
Trustee or director, Officer
40$34,889
Eric WallaceOfficer
Trustee or director, Officer
20$20,306

Address and contacts

Address (IRS master file)
1900 W NICKERSON ST STE 116 PMB 218, SEATTLE, WA 98119-1665
In care of
% DAVID WALLACE
Principal officer (990 for 2023)
David Wallace, 1900 W Nickerson Ste 116-218, Seattle, WA 98119
Signed the 990
david wallace, President
Phone
(206) 225-3360
Return prepared by
Hingston Miller Hingston PLLC

Mission

The organization raises funds to support educational and community based charitable organizations.

990 for the year ended July 31, 2024

Program accomplishments

  • Solicitation and collection of boats for resale in order to support educational and community based organizations.
    Expenses $202,117

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 July, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025July 31, 2026December 15, 2026Not due yet
2024July 31, 2025December 15, 2025Not on file
2023July 31, 2024December 16, 2024990 on file

IRS record

EIN
91-1753489
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
1997
Accounting year ends
July
Files
Form 990 or 990-EZ
Category (NTEE)
Religion-related (X99)
Assets (IRS master file)
$1,257,274
Income (IRS master file)
$397,218

Filing history

FormYear endedRevenueExpensesAssetsReturn
990July 2024$257,218$225,214$1,257,274XML
990July 2023$392,407$309,449$1,093,026XML
990July 2022$106,855$318,941$888,408IRS
990July 2021–––IRS
990July 2020–––IRS
990July 2018–––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 91-1753489).

Questions about PACIFIC MARINE FOUNDATION INC

What is the EIN of PACIFIC MARINE FOUNDATION INC?
The employer identification number (EIN) of PACIFIC MARINE FOUNDATION INC is 91-1753489.
Is PACIFIC MARINE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to PACIFIC MARINE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PACIFIC MARINE FOUNDATION INC 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 PACIFIC MARINE FOUNDATION INC due?
The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PACIFIC MARINE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended July 2024.
Who is the principal officer of PACIFIC MARINE FOUNDATION INC?
The 990 for the year ended July 31, 2024 names David Wallace.
Who are the officers and directors of PACIFIC MARINE FOUNDATION INC?
The 990 for the year ended July 31, 2024 lists 3 people; 2 received compensation from the organization, the highest $67,816 (David Wallace, President).
How much revenue does PACIFIC MARINE FOUNDATION INC have?
On its 990 for the year ended July 31, 2024 it reported revenue of $257,218, expenses of $225,214 and total assets of $1,257,274 at year end.

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