Puget Sound Tea Education Association
Nonprofit profile at a glance
- EIN
- 263261529
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2014
- Location
- Seattle, WA, USA
- Phone
- 2067794868
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public, Society Benefit N.E.C.
Reported finances
- Revenue
- $51,635
- Expenses
- $16,439
- Assets
- $71,173
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Jessica Campbell (President)
- Chris Hazlitt-O'Dowd (Vice President)
People named in this filing
- Jessica Campbell (President)
- Chris Hazlitt-O'Dowd (Vice President)
- Julee Rosanoff (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 organization's primary exempt purpose - The specific purposes of the Corporation are to educate the public about tea the cultural traditions involving tea, how tea is cultivated worldwide, the impact of tea on history, the different teas that are cultivated, how best to prepare differing teas and to provide opportunities for culturally enriching experiences through tea to the public.
What it reported doing in 2024
Annual NW Tea Festival - Educated over 2800 people over two days - 18 Stage presentations, 52 Workshops and demonstrations. This involved and interactive program led by 42 presenters covering all aspects of tea - cultural, cultivation, history and preparation
Operating model
- Revenue model
- Other-operating. 82% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 83
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 68.2%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 4.33; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 70.1% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 100.8% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 22.1% per year; rating input score 100; 87th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $88K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- 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 — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 56/100.