Philanthropy Northwest
Nonprofit profile at a glance
- EIN
- 911110995
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Seattle, WA, USA
- Phone
- 2064438434
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $5,813,198
- Expenses
- $7,072,405
- Assets
- $3,965,221
- Liabilities
- $672,050
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- JILL TEIKO NISHI (CEO)
- RACHEL JACKSON (VICE PRESIDENT PEOPLE, OPERATIONS & FINANCE)
- NANCY SANABRIA (VICE PRESIDENT STRATEGIES)
- KAREN PAGE WESTING (VICE PRESIDENT MARKETING & COMMUNICATIONS)
Highest reported compensation
- JILL TEIKO NISHI (CEO): $318,130 total reported compensation
- RACHEL JACKSON (VICE PRESIDENT PEOPLE, OPERATIONS & FINANCE): $226,212 total reported compensation
- MEREDITH HIGASHI (CHIEF OF STAFF): $191,508 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Philanthropy northwest grows philanthropy's capacity to do transformative work towards redistributing resources and the power to underinvested communities in the northwest and beyond.
What it reported doing in 2024
Pnw built meaningful connections with member organizations and prospective membership organizations through calls, meetings, and network calls. In 2024, this included developing and maintaining relationships with 147 members, including 123 renewed members, 15 new members, and 9 former members. In 2024, membership and programs led the organization of pnw24, pnw's bi-annual conference. Pnw24 is the largest gathering of philanthropy practitioners, with over 350 attendees who participated in 29 breakout sessions and 7 breakout sessions. In addition, at pnw24, the program team worked with over 850 participants through 2 cohorts, 7 peer networks, bi-monthly network calls (expert-supported conversations on key issues and emerging topics), and uplifted personal stories from our network. Our policy work included developing educational materials to support members and the philanthropic sector in general to develop understanding of key policy issues, including hr 9495, the universal charitable incentive, donor-advised funds, and the johnson amendment, among others. We also supported a delegation to participate in the annual foundations on the hill event in Washington, d.c.
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 93% 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: 81
- Transparency & Controls: 87
- Accountability: 100
- Sustainability: 16
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.2%; rating input score 87
- Program expense ratio: 71.5%; rating input score 71
- Fundraising efficiency: $83.51 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.6%; rating input score 100; 39th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -21.7%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 0.56; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 48; 48th percentile among comparable filings
- Officer compensation ratio: 18.8%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 4.5% per year; rating input score 100; 37th percentile among comparable filings
- Revenue growth: 6.4% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 5% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 87.2% of revenue deployed · 71.5% of spending went to programs
- Governance: 18 of 18 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $5.1M in reported program spending
- Leadership: top reported pay $318K · 31 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $866K reported
- Consistency: 33 of 33 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 28 filed money-flow records
- Related organizations: 21 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 6/100.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- High — Sustainability: Officer compensation ratio scored 13/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 48/100.