FRIENDS OF SEATTLE WATERFRONT Charity Report

Public IRS 990 nonprofit record

FRIENDS OF SEATTLE WATERFRONT

EIN 80-0867356 · Community & Neighborhood Development (S20)

What they do

to BRING PEOPLE, COMMUNITIES, and RESOURCES TOGETHER to ENSURE WATERFRONT PARK THRIVES AS A VIBRANT GATHERING SPACE - UPLIFTING LOCALS, FOSTERING CONNECTIONS and HONORING SEATTLES NATURAL BEAUTY and STORIES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $91.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders34 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

125.44%of revenue went to mission work91.7% of expenses · Program services

5.27%of revenue went to fundraising3.9% of expenses

$136.76spent for every $100 of revenueSpending was higher than revenue this year.

6.04%of revenue went to management and office costs4.4% of expenses

$0.87in assets for every $1 spent this yearSome assets cannot be spent right away.

86.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $7,724,999 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $310,410 for JOY SHIGAKI (PRESIDENT AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$21,016,878

Mission workProgram services$26,364,420125.44% of revenue91.7% of expenses

ManagementOffice and general costs$1,268,9366.04% of revenue4.4% of expenses

FundraisingAsking for donations$1,108,5215.27% of revenue3.9% of expenses

Total expenses$28,741,877136.76% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 91.7% mission · 4.4% management · 3.9% fundraisingTotal expenses: 136.76% of revenue

2023Expense mix: 93.6% mission · 3.6% management · 2.7% fundraisingTotal expenses: 83.03% of revenue

2022Expense mix: 93.6% mission · 3.0% management · 3.4% fundraisingTotal expenses: 127.52% of revenue

2021Expense mix: 90.3% mission · 1.9% management · 7.7% fundraisingTotal expenses: 83.58% of revenue

2020Expense mix: 91.2% mission · 2.4% management · 6.4% fundraisingTotal expenses: 40.65% of revenue

2019Expense mix: 75.1% mission · 7.5% management · 17.4% fundraisingTotal expenses: 23.94% of revenue

Money in and money out

Revenue$21,016,878

Expenses$28,741,877

Annual shortfall $7,724,999 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$26,364,420 · 91.7% of expenses

Management and office costs$1,268,936 · 4.4% of expenses

Fundraising$1,108,521 · 3.9% of expenses

See all reported dollar amounts

Revenue$21,016,878

Expenses$28,741,877

Assets$25,011,571

Income$40,676,808

Contributions$18,113,095

Mission work (program services)$26,364,420

Fundraising$1,108,521

Grants given$65,230,000

Average grant$7,247,778

Management and general$1,268,936

Executive compensation (total)$307,593

Accounting fees$32,880

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JOY SHIGAKIPRESIDENT AND CEO · 40 hrs/week $310,410Base $291,275 · Other $19,135

ELDON TAMCHIEF OPERATING OFFICER · 40 hrs/week $210,726Base $204,000 · Other $6,726

YOON KANG-OHIGGINSSR DIRECTOR OF COMMUNITY IMPACT & PROGRAMS · 40 hrs/week $206,951Base $170,000 · Other $36,951

ANNA ODONNELLCHIEF PHILANTHROPY OFFICER · 40 hrs/week $193,151Base $176,212 · Other $16,939

SHIVA SHAFIIDIRECTOR OF MARKETING & COMMUNICATIONS · 40 hrs/week $153,271Base $144,525 · Other $8,746

FRANK MERGESSR MANAGER OF MARKETING & CONTENT · 40 hrs/week $132,015Base $106,822 · Other $25,193

JOEY SMITHASSISTANT DIRECTOR OF PHILANTHROPY · 40 hrs/week $119,506Base $105,883 · Other $13,623

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (34)

JOY SHIGAKIPRESIDENT AND CEO

ELDON TAMCHIEF OPERATING OFFICER

YOON KANG-OHIGGINSSR DIRECTOR OF COMMUNITY IMPACT & PROGRAMS

ANNA ODONNELLCHIEF PHILANTHROPY OFFICER

SHIVA SHAFIIDIRECTOR OF MARKETING & COMMUNICATIONS

FRANK MERGESSR MANAGER OF MARKETING & CONTENT

JOEY SMITHASSISTANT DIRECTOR OF PHILANTHROPY

LORI METCALFDIRECTOR

KAYLEY RUNSTAD SWANDIRECTOR

LOUIE UNGARODIRECTOR

MAGGIE WALKERCHAIR AND DIRECTOR

MARTHA KONGSGAARDDIRECTOR

MICHAELA RAIKESDIRECTOR

MIKE HALPERINDIRECTOR

OLIVE GOHSECRETARY AND DIRECTOR

PATRICK GORDONDIRECTOR

RYAN SMITHDIRECTOR

SAEMA SOMALYADIRECTOR

STUART ROLFEDIRECTOR

TOM BYERSDIRECTOR

LEONARD FORSMANDIRECTOR

KEVIN GEIGERDIRECTOR

KARLA BROLLIERDIRECTOR

JULIE STEINDIRECTOR

JOHN NESHOLMTREASURER AND DIRECTOR

JEANNIE NORDSTROMDIRECTOR

HEWAN TESHOMEDIRECTOR

FALONA JOYDIRECTOR

DAN KULLYDIRECTOR

CHRIS DEVOREDIRECTOR

CHARLIE WRIGHTVICE CHAIR AND DIRECTOR

CAROL BINDERDIRECTOR

CARLA LEWISDIRECTOR

BRADY WALKINSHAWDIRECTOR

About this charity

Recognized since: January 2014
Location: 1201 ALASKAN WAY STE 200, SEATTLE, WA 98101-2913
County: King
In care of: % B GERALD JOHNSON
Primary officer: JOY SHIGAKI, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailinfo@friendsofwaterfrontseattle.org Phone(206) 382-5552

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: GREENWOOD OHLUND PS
NTEE classification: Community & Neighborhood Development (S20)
IRS tax category: Community & Neighborhood Development
Grant-giving organization: Yes