Bushwick Northwest
Nonprofit profile at a glance
- EIN
- 464592767
- IRS 990-EZ coverage
- 2017–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2016
- Location
- Seattle, WA, USA
- Phone
- 2063564649
- Rating
- 94
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $125,557
- Expenses
- $124,193
- Assets
- $19,602
- Liabilities
- $10,244
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Geoffrey Larson (President)
- Wesley Weddell (Vice President)
People named in this filing
- Geoffrey Larson (President)
- Wesley Weddell (Vice President)
- Joseph Skocilich (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Bushwick Book Club's primary purpose is delivering literature, music and songwriting to the Seattle community while building the next generation of musicians and readers.
What it reported doing in 2024
The Bushwick Book Club Seattle creates original works inspired by the written word. In a Hybrid In-person/virtual season, we commissioned over 110 musical works, held 9 live and streamed events with over 8,000 streaming views across platforms. We have full video recordings of over 160 creations that are available to our audience. We worked with 15 local Seattle authors and 8 from around the world.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 95
- Transparency & Controls: 100
- Sustainability: 26
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.5%; rating input score 94
- Program expense ratio: 95.5%; rating input score 96
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 1.1%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 0.16; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 0.52; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 12.5%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: 15.2% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 3.5% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: 0.2% per year; rating input score 100; 28th percentile among comparable filings
Details
- Where the money goes: 94.5% of revenue deployed · 95.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $119K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 37/100.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 20/100.