Seattle Out & Proud Foundation

Nonprofit profile at a glance

EIN
851407007
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-N 2022
Location
Seattle, WA, USA
Phone
2063063182
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Lesbian, Gay Rights

Reported finances

Revenue
$1,544,386
Expenses
$1,691,408
Assets
$351,509
Liabilities
$88,823

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • Ramone Myers (President)
  • Patricia Hearn (Executive Director)

Highest reported compensation

  • Patricia Hearn (Executive Director): $161,752 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of Seattle Pride is to produce and promote pride events to connect strengthen and advocate for Seattles LGBTQIA+ community.

What it reported doing in 2024

Seattle out & proud supports our local community by amplifying the culture and contributions of the lgbtqia2s+ community. We provide space for visibility joy and connection while collaborating and working alongside smaller non-profit organizations in the seattle area. Our work strengthens communities by bringing people together at free community arts and cultural events; offering youth internships; providing resources; and connecting people and organizations. Seattle prides year-round programs encompass a range of events to educate support and celebrate the diverse identities within the lgbtqia2s+ community. In addition to hosting one of the largest pride parades in the country seattle pride engages in year-round arts and culture programming and provides direct grant support to seattle-area nonprofits. Internships and education: seattle pride runs youth internships to cultivate success models for queer youth. Grants and leadership support: we provide grant support and visibility to small nonprofits helping them succeed in their direct service work. In addition we run a coalition of lgbtqia2s+ leaders who connect regularly to discuss issues important to the lgbtqia2s+ community.

Operating model

Revenue model
Donor-supported. 74% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 99% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 71
  • Accountability: 86
  • Sustainability: 21
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.8%; rating input score 61
  • Program expense ratio: 55.5%; rating input score 56
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 85.7%; rating input score 86; 2nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 93.3%; rating input score 93; 25th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -9.5%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 0.21; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 0.25; rating input score 28; 28th percentile among comparable filings
  • Officer compensation ratio: 1.5%; rating input score 59; 59th percentile among comparable filings

Growth

  • Program expense growth: 38.3% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 23.5% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: -19.8% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 60.8% of revenue deployed · 55.5% of spending went to programs
  • Governance: 14 of 15 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $939K in reported program spending
  • Leadership: top reported pay $162K · 15 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 40 of 41 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 1 filed related-organization link
  • 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.

  • Review — Financial Efficiency: Program expense ratio scored 56/100.
  • High — Sustainability: Operating margin scored 17/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 28/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 59/100.