WASHINGTON HALL QALICB

EIN: 473836379 501(c)(3) Arts, Culture & Humanities

SEATTLE, WA

Total Revenue
$296,502
Total Expenses
$409,868
Total Assets
$8,022,404
Net Assets
$8,007,912
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
WA
Principal Officer
JANE DAVIES
Phone
2066226952
Tax Period
2024-01-01 to 2024-12-31

WASHINGTON HALL QALICB, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $297K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $410K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO RESTORE WASHINGTON HALL AS A COMMUNITY ARTS, CULTURE AND GATHERING SPACE. TO PRESERVE THIS HISTORIC BUILDING FOR THE BENEFIT OF THE COMMUNITY IT SERVES.

Program Service Accomplishments

Program 1
Expenses: $383,368 Revenue: $207,047

WASHINGTON HALL QALICB WAS FORMED IN APRIL 2015, IN CONJUNCTION WITH THE NEW MARKETS TAX CREDIT FINANCING TRANSACTION THAT CLOSED ON JUNE 17, 2015. WASHINGTON HALL QALICB HOLDS THE WASHINGTON HALL...

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WASHINGTON HALL QALICB WAS FORMED IN APRIL 2015, IN CONJUNCTION WITH THE NEW MARKETS TAX CREDIT FINANCING TRANSACTION THAT CLOSED ON JUNE 17, 2015. WASHINGTON HALL QALICB HOLDS THE WASHINGTON HALL BUILDING AND UNDERLYING LAND AS ASSETS AND WILL LEASE THE BUILDING TO COMMUNITY ORGANIZATIONS AND OTHER ENTITIES FOR PERFORMANCE, GATHERING, REHEARSAL, MEETING AND OFFICE SPACE. HISTORIC SEATTLE'S VISION FOR WASHINGTON HALL WAS FULL REHABILITATION, ALLOWING IT TO SERVE AS A PERMANENT HOME FOR COMMUNITY ARTS, HERITAGE, AND CULTURAL ORGANIZATIONS. WITH THE HELP OF 4CULTURE, WE SECURED NONPROFIT ARTS ORGANIZATIONS AS ANCHOR GROUPS IN THE PROJECT WHO ARE ALSO USERS OF THE SPACES FOR REHEARSALS, OFFICES, AND PERFORMANCES. OUR ANCHOR GROUPS IN THE PROJECT ARE THREE EMERGING ARTS ORGANIZATIONS WITH A FOCUS ON SOCIAL JUSTICE. THESE ORGANIZATIONS INCLUDE 206 ZULU, A GROUP THAT PROMOTES HIP HOP CULTURE; VOICES RISING, A YOUTH LGBT MUSIC AND SPOKEN WORD ORGANIZATION; AND BLACK POWER UNLIMITED, AN ERITREAN COMMUNITY CULTURE AND FOOD GROUP WITH SOCIAL JUSTICE AND ARTS EXPRESSION AT ITS CORE. AFTER ITS RENOVATION, THE BUILDING'S MAIN HALL AND LODGE ROOM BEGAN TO HELP ADDRESS THE LACK OF AFFORDABLE VENUES IN SEATTLE. BY PROVIDING UPGRADED FACILITIES, WE BUILT A SELF-SUSTAINING OPERATING MODEL THAT ENSURES THE SPACE CAN BE A VIBRANT, AFFORDABLE, DIVERSE ARTS AND CULTURAL FACILITY THAT SERVES SEATTLE AND KING COUNTY'S ARTS, HERITAGE, AND PRESERVATION COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $88,990
Program Service Revenue $207,047
Investment Income $465
Other Revenue $0
TOTAL REVENUE $296,502

Expense Breakdown

Grants Paid $30,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $383,368
Other Expenses $379,868
TOTAL EXPENSES $409,868

Year-over-Year Comparison

2024 2023 Change
Revenue $296,502 $196,205 +0.5%
Expenses $409,868 $432,646 -0.1%
Net Income $-113,366 $-236,441 -0.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
4

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$282,323
Total Directors
6
$282,323
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KJI KELLY PRESIDENT (LEFT IN 2024) 1.00
Officer Director
$0 $0 $185,798
JANE DAVIES PRESIDENT 0.10
Officer Director
$0 $0 $96,525
DAVID YEAWORTH VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
LORNE MCCONACHIE TREASURER 0.10
Officer Director
$0 $0 $0
RICK SEVER SECRETARY (LEFT IN 2024) 0.10
Officer Director
$0 $0 $0
JACK O'CONNOR TREASURER (LEFT IN 2024) 0.10
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $296,502 $409,868 $8,022,404 $-113,366
2023 $196,205 $432,646 $8,131,044 $-236,441
2022 $242,377 $476,931 $8,376,922 $-234,554
2021 $299,510 $472,749 $8,605,623 $-173,239
2020 $267,621 $462,866 $8,772,831 $-195,245
2019 $290,278 $493,862 $8,978,490 $-203,584
2018 $253,255 $458,872 $9,171,506 $-205,617
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