Overview
What is Pike Place Market Foundation?
Pike Place Market Foundation is a nonprofit organization situated in Seattle, Washington, specifically at 93 Pike Street Suite 310. Their primary mission is to collect funds and invest in programs that cater to the needs of low-income individuals, preserve heritage programs, and improve public spaces within Seattle's renowned Pike Place Market. The organization's efforts encompass various aspects, including the provision of affordable medical services through the Pike Market Medical Clinic, meal and support services for low-income seniors at the Pike Market Senior Center, daycare for working families at the Pike Market Child Care & Preschool, and food assistance to underprivileged residents via the Pike Market Food Bank and Food Access Project. Additionally, they support the Food Market Fresh Coupons system and Heritage House at the Market, an assisted living facility for low-income and senior residents. With a dedicated team of 15 employees, Pike Place Market Foundation continues to contribute to the betterment of the community.
Official website here: www.pikeplacemarketfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% Four-Star out of Four Star Rating
The Pike Place Market Foundation has achieved a perfect score of 100%, which reflects its commitment to accountability and finance. This high rating indicates that the organization operates with a high level of transparency and integrity, as evidenced by its fully independent board and strong financial oversight practices. All of its financial statements are rigorously audited, and there are no reported issues regarding the diversion of assets.
In terms of operational effectiveness, the foundation demonstrates a strong program expense ratio of 70.64%, meaning a significant portion of its budget is directed toward its programs rather than administrative costs. Additionally, the organization has a very efficient fundraising process, raising $0.15 for every dollar spent on fundraising, which is considered excellent within the nonprofit sector. The foundation also maintains a robust working capital ratio of 2.79 years, ensuring its financial stability.
Overall, the Pike Place Market Foundation exemplifies best practices in nonprofit management, showcasing strengths in governance, financial health, and program effectiveness. There are no noted limitations or concerns in the data, reinforcing the organization's strong standing within the nonprofit community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Pike Place Market Foundation?
98% of 28 reviewers on Facebook recommend the Pike Place Market Foundation. Here is a summary of their reviews:
Many reviewers express heartfelt appreciation for the dedication and effort put forth by the foundation, especially in organizing events that bring the community together. The positive contributions from various quality companies involved enhance the overall experience, making participants feel valued and supported.
Overall, the sentiment reflects a strong endorsement of the foundation's work, indicating that they are effectively fulfilling their mission and making a noticeable impact in the community.
This AI summary has been generated from reviews found on Facebook.
Is Pike Place Market Foundation legitimate?
Pike Place Market Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pike Place Market Foundation 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: $156,908
Professional Fundraising Fees: $0
Other Salaries and Wages: $490,796
For more financial information, click here
Official website here: www.pikeplacemarketfoundation.org
What is the mission statement of Pike Place Market Foundation?
The Pike Place Market Foundation's mission is centered around raising funds to strengthen various programs that cater to the needs of low-income individuals and preserve cultural heritage in their community. Specifically, they aim to support initiatives such as affordable medical services, senior centers, daycare for working families, food banks, and heritage preservation projects. Their financial contributions extend to organizations like the Pike Market Medical Clinic, Pike Market Senior Center, Pike Market Child Care & Preschool, Pike Market Food Bank, Food Access Project & Market Fresh Coupons, and the Heritage House at the Market. These efforts collectively aim to enhance the well-being and quality of life for the community members in need.
Official website here: www.pikeplacemarketfoundation.org
Who is the CEO of Pike Place Market Foundation?
Lillian Sherman is the Exec Director of Pike Place Market Foundation.
Official website here: www.pikeplacemarketfoundation.org
What is the revenue of Pike Place Market Foundation?
Pike Place Market Foundation's revenue in 2023 was $2,975,335.
Official website here: www.pikeplacemarketfoundation.org
Who are the executives of Pike Place Market Foundation and what are their salaries?
The average compensation at Pike Place Market Foundation during 2023 was $43,180. There are 15 employees and 102 volunteers at Pike Place Market Foundation.
Here are 38 key members and their salaries:
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Official website here: www.pikeplacemarketfoundation.org
Where can I find the form 990 for Pike Place Market Foundation?
Pike Place Market Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pikeplacemarketfoundation.org
Learn more at the official website: www.pikeplacemarketfoundation.org
Mission Statement of Pike Place Market Foundation
The Pike Place Market Foundation, a dedicated organization, is committed to raising funds to support various programs that cater to the needs of low-income individuals, preserve heritage programs, and enhance public improvements within the Pike Place Market community. Its mission is to provide essential resources to these entities, ensuring they can continue to serve the community effectively.
Among the programs it supports, the Pike Place Market Foundation significantly contributes to the Pike Market Medical Clinic, which offers affordable or free medical services to elderly and low-income residents in the surrounding area. The foundation also funds the Pike Market Senior Center, which provides vital services such as meals, social work, employment, and housing assistance to low-income seniors. Additionally, the foundation supports the Pike Market Child Care & Preschool, offering daycare services to low-income working families in the area.
Moreover, the foundation plays a crucial role in addressing food insecurity by funding the Pike Market Food Bank, which provides food to downtown residents who might otherwise go without. It also supports the Food Access Project & Market Fresh Coupons, enabling low-income residents to receive fresh produce through a coupon system. Furthermore, the foundation contributes to the Heritage House at the Market, an assisted living program that serves low-income and senior residents in the downtown area.
In essence, the Pike Place Market Foundation's mission is to bolster these vital community programs, ensuring they can continue to make a positive impact on the lives of low-income individuals and preserve the heritage of the Pike Place Market.
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Impact
July, 2024
The Pike Place Market Foundation's impact is significant in supporting programs that serve low-income individuals, heritage programs, and public improvements in Seattle's Pike Place Market. Through fundraising efforts, the foundation disburses funds to vital Market-related nonprofit entities such as the Pike Market Medical Clinic, Pike Market Senior Center, Pike Market Child Care & Preschool, Pike Market Food Bank, Food Access Project & Market Fresh Coupons, and Heritage House at the Market. These disbursements provide essential services such as medical care, meals, daycare, food assistance, and housing support for low-income and elderly residents in the downtown Seattle area. The foundation's work helps improve the overall well-being and quality of life for individuals in need within the Pike Place Market community.
This information is meant to be a general summary of Pike Place Market Foundation. 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 2023.
- Investment Income: $271,707
- Gross Receipts: $3,565,949
Assets and Liabilities:
- Total Assets: $9,999,327
- Total Liabilities: $1,432,721
- Net Assets: $8,566,606
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Organization Details
Founding Year
1982
Phone
(206) 774-5246Principal Officer
Lillian Sherman
Main Address
93 Pike Street Suite 310, Seattle, WA, 98101
NTEE Category
Code: S200 - Community improvement
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