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PIKE PLACE MARKET QB3

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Public IRS 990 nonprofit record

PIKE PLACE MARKET QB3

EIN 81-1190481 · Support N.E.C. (S19)

What they do

PIKE PLACE MARKET QB3 is A WASHINGTON STATE NONPROFIT CORPORATION FORMED IN 2016 to OBTAIN FUNDS UNDER THE NMTC PROGRAM, WHICH COMMENCED IN 2016. PIKE PLACE MARKET PDA is SOLE CORPORATE MEMBER of PPM QB3. DURING 2016, PDA LEASED COMMERCIAL SPACE RELATED to MARKETFRONT PROJECT to PPM QB3 for PURPOSES of RENOVATING and REHABILITATING THEM THROUGH THE NMTC FINANCING PROGRAM. SIMULTANEOUSLY, PPM QB3 SUBLEASED THE SPACE BACK to THE PDA WITH A TERM EXPIRING ON DECEMBER 2051. CONSTRUCTION ENDED ON JUNE 1ST, 2017, and PPM QB3 HAS COLLECTED $416,438 of MASTER LEASE PAYMENTS FROM PIKE PLACE MARKET PDA for THE ENTIRE YEAR.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $100.00 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 2022The report may be old. Ask for a newer one.

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

They name their leaders5 people are listed in the latest report.

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

Money made simple

255.21%of revenue went to mission work100.0% of expenses · Program services
$255.21spent for every $100 of revenueSpending was higher than revenue this year.
$21.51in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

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

Worth asking: Expenses exceeded revenue by $665,747 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $30,051 for ERICA BATES (DIRECTOR). 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 2022

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.

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$428,930
Mission workProgram services$1,094,677255.21% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$1,094,677255.21% 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
2022CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 255.21% of revenue
2021Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 258.96% of revenue
2020Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 262.79% of revenue
2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 267.05% of revenue
2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 271.76% of revenue
2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 200.45% of revenue
2016Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 0.60% of revenue

Money in and money out

Revenue$428,930
Expenses$1,094,677
Annual shortfall $665,747 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)$1,094,677 · 100.0% of expenses
See all reported dollar amounts
Revenue$428,930
Expenses$1,094,677
Assets$23,544,116
Income$404,321
Mission work (program services)$1,094,677
People

Leadership and board

Tax year 2022

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

People reported as paid

Person and titleCompensation
ERICA BATESDIRECTOR · 1 hrs/week $30,051Base · Other $30,051
MARY BACARELLAEXECUTIVE DIRECTOR · 1 hrs/week $26,456Base · Other $26,456

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 (5)

ERICA BATESDIRECTOR

MARY BACARELLAEXECUTIVE DIRECTOR

DEVIN MCCOMBGOVERNOR

JJ MCKAYGOVERNOR

RAY ISHIIGOVERNOR

About this charity

Location
85 Pike Street Suite 500, Seattle, WA 98101
County
King
In care of
SABINA PROTO
Primary officer
SABINA PROTO, DIRECTOR OF FINANCE

How to reach them

Filing and classification

Latest tax year
2022
Tax period began
January 1, 2022
Return type
990
Tax preparer
BDO USA
NTEE classification
Support N.E.C. (S19)
IRS tax category
Support N.E.C.

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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