Overview
What is Friends Of Seattle Waterfront?
Friends of Seattle Waterfront is a Seattle-based nonprofit organization dedicated to supporting the City's vision of creating a new waterfront park. Established as a public benefit partnership, the organization's mission is to help build and steward the future park along the central waterfront shoreline. Friends of Seattle Waterfront operates with a team of 55 employees and has already started programming the first piece of the park, Pier 62, since July 2021. The organization has actively engaged over 50 partners and showcased the talents of more than 200 artists and performers, with a commitment to ensuring inclusivity and representation. Friends of Seattle Waterfront's efforts contribute to creating a welcoming and safe public space, scheduled to open in its entirety in 2025.
Official website here: www.waterfrontparkseattle.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
Friends Of Seattle Waterfront has achieved a commendable Four-Star rating from Charity Navigator, signaling a high level of accountability and financial health. The organization scores exceptionally well in various areas, including having a fully independent board and a notable program expense ratio of 92.95%, indicating that a significant portion of funds is directed towards its programs rather than administrative costs.
The organization boasts strong financial oversight, with no material diversion of assets reported, and effective financial practices such as a solid liabilities to assets ratio of just 4.32%. However, it does have some limitations, such as missing key policies like the whistleblower policy and the distribution of tax forms to the board before filing, which could be areas for improvement in governance practices.
Overall, the financial health and accountability of Friends Of Seattle Waterfront is impressive, and it demonstrates a commitment to transparency. Despite some governance gaps, it remains a well-regarded nonprofit with a focus on effective fund utilization.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Seattle Waterfront legitimate?
Friends Of Seattle Waterfront is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Seattle Waterfront submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $303,805
Professional Fundraising Fees: $57,195
Other Salaries and Wages: $2,433,709
For more financial information, click here
Official website here: www.waterfrontparkseattle.org
What is the mission statement of Friends Of Seattle Waterfront?
Friends of Seattle Waterfront is a nonprofit organization dedicated to supporting the development and maintenance of a future public park along Seattle's central waterfront shoreline in partnership with the City. Their mission is to help construct, manage, and cultivate this anticipated park through fundraising, outreach efforts, and stewardship. The organization has already initiated activities, with the first piece opening for programming in 2021, and aims to ensure an inclusive atmosphere by featuring a diverse array of artists, performers, and organizations at their events.
Official website here: www.waterfrontparkseattle.org
Who is the CEO of Friends Of Seattle Waterfront?
John Nesholm is the Treasurer And Director of Friends Of Seattle Waterfront.
Official website here: www.waterfrontparkseattle.org
What is the revenue of Friends Of Seattle Waterfront?
Friends Of Seattle Waterfront's revenue in 2022 was $21,501,273.
Official website here: www.waterfrontparkseattle.org
Who are the executives of Friends Of Seattle Waterfront and what are their salaries?
The average compensation at Friends Of Seattle Waterfront during 2022 was $49,773. There are 55 employees and 75 volunteers at Friends Of Seattle Waterfront.
Here are 30 key members and their salaries:
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Official website here: www.waterfrontparkseattle.org
Where can I find the form 990 for Friends Of Seattle Waterfront?
Friends Of Seattle Waterfront's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.waterfrontparkseattle.org
Learn more at the official website: www.waterfrontparkseattle.org
Mission Statement of Friends Of Seattle Waterfront
Friends of Seattle Waterfront, a dedicated nonprofit organization, collaborates with the City of Seattle to build, operate, program, and steward the future Waterfront Park. Their mission is to help create a public park along Seattle's central waterfront shoreline, enhancing the community's access to recreational spaces and fostering a thriving waterfront environment.
Throughout their partnership with the City, Friends of Seattle Waterfront engages in outreach, fundraising, and stewardship initiatives to ensure the successful completion of the Waterfront Park project. The organization's efforts have already resulted in the opening of the first piece of the park, Pier 62, which began programming in 2021. The pier now hosts various events and programs, attracting thousands of visitors and partnering with over fifty local organizations.
Friends of Seattle Waterfront's commitment to inclusivity is reflected in their programming, featuring more than 200 artists, performers, and storytellers in 2022, with over 80% being Black, Indigenous, and People of Color. This ongoing effort ensures that the park is a welcoming and safe space for everyone in Seattle. By supporting and collaborating with the City, Friends of Seattle Waterfront is instrumental in bringing a vibrant and inclusive waterfront park to life for the public to enjoy.
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Impact
October, 2024
Friends of Seattle Waterfront has significantly impacted the community by actively supporting the Waterfront Seattle project, which aims to create a vibrant park along the city's central shoreline. Through extensive outreach, fundraising, and stewardship efforts, this initiative is set to benefit the public by enhancing access to green spaces and recreational areas in the heart of Seattle.
Since the programming of Pier 62 began in July 2021, a remarkable 293 events and activations have taken place, attracting over 70,000 attendees. The involvement of more than 50 organizational partners and over 200 artists and performers showcases a commitment to fostering a diverse and inclusive environment. In 2022, the programming emphasized representation, with over 80% of the artists and performers coming from Black, Indigenous, and People of Color backgrounds, ensuring the park is a welcoming space for all.
The impact of Friends of Seattle Waterfront is evident in its ability to engage the community, promote cultural diversity, and create opportunities for public gathering and enjoyment. As the future Waterfront Park prepares to open in 2025, the foundation laid by these efforts will contribute to a revitalized urban landscape that invites all Seattle residents to connect with their environment and each other.
This information is meant to be a general summary of Friends Of Seattle Waterfront. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $357,344
- Program Service Revenue: $15,266
- Gross Receipts: $21,501,273
Assets and Liabilities:
- Total Assets: $26,413,747
- Total Liabilities: $479,220
- Net Assets: $25,934,527
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Revenue
Revenue
$15,266
Organization Details
Founding Year
2012
Phone
(206) 382-5552Principal Officer
John Nesholm
Main Address
PO Box 21272, Seattle, WA, 98111
NTEE Category
Code: S20 - Community improvement
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