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Washington · Nonprofit

SODO Business Improvement Area

SODO Business Improvement Area (Washington) receives grants from 1 organization whose IRS filings report $10,000 to it, the largest being Rave Foundation ($10,000). 0 of them have funded it in more than one year.

Revenue FY2024
$2.3M
Funders on record
1
Grants received
$10k
Net assets
$431k
0/1 repeat funderspeak grant-dependency 1%
01What it does

What SODO Business Improvement Area does

Mission

To enhance transportation, safety, and cleanliness for the benefit of property owners, tenants, businesses, patrons and employees of the SODO area of Seattle.

As stated on its FY2024 Form 990.

Programs

  1. Clean & Safe SODO: Contract for services to maintain a clean environment for SODO businesses, employees and visitors. 2024 services included a contract for bi-weekly street sweeping and a contract to conduct quarterly sidewalk cleanings including illegal dumping removal. In 2024, they pressure washed 250 blocks and removed 3,245 graffiti tags within our boundaries. Additionally, over 530 tons of debris were removed through our contracted service providers. Supported graffiti prevention through funding for public art. Contracted with the Seattle Police Department to provide over 3,100 hours of additional off-duty patrols to address chronic crime and nuisance issues in SODO. (Continued on Schedule O)Partnered with Puget Soundkeeper Alliance on a Tire Turn-in Event to prevent illegal dumping of tires. We also contracted Street Plus for homeless outreach in our geographical district to help identify opportunities for those living unhoused.

    $1,093,955 spent$1,058,047 earned by the program
    55% of program spending
  2. Engage SODO: Increase communication and interaction within SODO so that the BIA most effectively represents the interests and executes the priorities of SODO BIA Business and property owners. Leverage influence and investments to improve the conditions of the district for commerce to thrive in SODO. In 2024, we sent out monthly newsletters and information about upcoming events to SODO stakeholders and managed a robust social media program promoting SODO businesses. We hosted our first National Night Out event at Starbucks HQ with partners from the Seattle Police and Fire Departments. We hosted quarterly networking events this year at venues across SODO, with an attendance of over 200 people. (Continued on Schedule O)We conducted SODO stakeholder engagement research to gather insight on SODO BIA's communications and developed the initial outline of a strategic communications plan.

    $368,239 spentof which $11,437 as grants$356,152 earned by the program
    18% of program spending
  3. Move SODO: We engaged with SODO stakeholders and agency partners on a variety of subjects, including businesses and freight, parking issues, stadium events, and large-scale infrastructure projects. We continued to work with SDOT's Vision Zero team and King County Metro to make various safety improvements to SDOT's Georgetown to Downtown Safety project. We also continued to advocate with Sound Transit and other agency partners to improve their engagement, refine plans and reduce impacts related to the project in SODO. We finalized design and secured funding for the proposed Pocket Park on Industrial Way, a key part of the SODO Greenspace Plan. Coordinated parking updates on SODO roadways in partnership with local business and the Seattle Department of transportation. (Continued on Schedule O)Worked with adjacent business to propose safety improvements along Airport Way S that still allow local access.

    $227,238 spent$219,779 earned by the program
    11% of program spending
  4. Economic SODO: In 2024 we completed the SODO Economic and Policy Analysis Report with Evans School Consulting Lab. Partnered with the FIFA Local Organizing Committee to host information sessions with SODO Stakeholders to prepare for the World Cup in 2026. Provided grants to businesses impacted by vandalism and graffiti through the Storefront Improvement Fund. Entered into a Fiscal Sponsorship contract to administer funds for the newly created Manufacturing Maritime Industrial Association, a stewardship organization dedicated to strengthening Seattle's maritime, manufacturing, logistics and industrial sectors.

    $311,685 spentof which $40,500 as grants$221,946 earned by the program
    16% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $2,001,117.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($780k) Expenses 100 ($773k) Net assets 100 ($16k)2018 Revenue 111 ($865k) Expenses 109 ($840k) Net assets 254 ($42k)2019 Revenue 132 ($1.0M) Expenses 129 ($1.0M) Net assets 416 ($68k)2020 Revenue 131 ($1.0M) Expenses 125 ($969k) Net assets 756 ($124k)2021 Revenue 137 ($1.1M) Expenses 139 ($1.1M) Net assets 741 ($121k)2022 Revenue 201 ($1.6M) Expenses 170 ($1.3M) Net assets 2320 ($379k)2023 Revenue 262 ($2.0M) Expenses 247 ($1.9M) Net assets 3157 ($516k)2024 Revenue 294 ($2.3M) Expenses 307 ($2.4M) Net assets 2640 ($431k)
'17'18'19'20'21'22'23'24
Revenue (294)Expenses (307)Net assets (2640)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $209k to $489k (+134%).

$115k
$119k
$148k
$191k
$209k
$489k
$600k
$712k
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 4% · 2023 3% · 2024 18%. Grants only. Government contracts and fees sit inside program revenue.

18% of SODO Business Improvement Area’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).

This organization
Typical peer · 4,434 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.

$7k
’17
$25k
’18
$27k
’19
$56k
’20
−$3k
’21
$258k
’22
$137k
’23
−$85k
’24
0.6
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Erin Goodman

Executive Director

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed1313131517161819
Joined·+3+3+2+6+2+3+5
No longer listed·3304314
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'20
total
Rave Foundationunclassified
$10k
funders
1

From the IRS filings of SODO Business Improvement Area’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of SODO Business Improvement Area's grant income comes from Washington funders.

WA

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

SODO Business Improvement Area has grown faster than half of the 4,203 community improvement nonprofits its size.

Operating margin−4% · bottom quartile
Months of reserve0.6mo · bottom quartile
Revenue growth (annualized)17% · above the median

this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024

Organizations like SODO Business Improvement Area

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Washington

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

84% of spending goes to programs.

Program 84%Management 16%Fundraising 0%

Governance

16
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Footprint & structure

Part of a family of 1 related entity

  • SODO Service Fund · exempt

Screen this organization

A dated, signed PDF of the compliance screen for SODO Business Improvement Area: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds SODO Business Improvement Area?
SODO Business Improvement Area (Washington) receives grants from 1 organization whose IRS filings report $10,000 to it, the largest being Rave Foundation ($10,000). 0 of them have funded it in more than one year.
How many funders does SODO Business Improvement Area have?
IRS filings report 1 organization giving $10,000 in grants to SODO Business Improvement Area.
Who is the largest funder of SODO Business Improvement Area?
Rave Foundation is the largest funder on record, with $10,000 in grants. The full list of funders is on this page.
How can an organization like SODO Business Improvement Area find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Washington. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing