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Tsf Properties

Seattle, WA · EIN 91-2016094 · 501(c)(3) · Supporting organization (509(a)(3))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Tsf Properties reported $15.5 million in revenue and $15.5 million in expenses for calendar year 2024. Of every $100 it spent, $99.97 went to program services, $0.03 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 100.0% of the total. The highest compensation it reported for one person was $512,167 (PRESIDENT). Revenue rose 2164% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $16M

Program services$99.97 $16M
Management & general$0.03 $3,946
Fundraising$0.00 $0

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $16M

Contributions & grants (non-government)$100.00 $16M
Investment income$0.00 $22

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 1,001 covered charities in this category, from their latest filings.
Measure	2024	Median
Program services Part IX 25(B) ÷ 25(A)	100.0%	90.2%
Management & general Part IX 25(C) ÷ 25(A)	0.0%	6.4%
Fundraising Part IX 25(D) ÷ 25(A)	0.0%	1.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.00	$0.02
Contributions & grants share of revenue Part VIII 1h ÷ 12	100.0%	79.9%
Government grants share of revenue Part VIII 1e ÷ 12	0.0%	0.0%
Program service revenue share Part VIII 2g ÷ 12	0.0%	0.0%
Highest reported compensation Part VII-A, columns D–F	$512,167	$325,675
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	3.30%	1.56%
People paid over $100,000 Part VII, line 2	0	3
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	-0.0	56.6
Independent voting board members Part VI 1a–1b	7 of 11	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense

$16M expenses · 100.0% of program spending · grants $16M

Tsf Properties is organized and operated to perform essential services to seattle foundation by receiving, holding, and disposing of donations of real property and other noncash donations to seattle foundation. Upon the sale of noncash donations, Tsf Properties distributes the sale proceeds directly to seattle foundation

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
PRESIDENT Director/trustee, officer, 2.00 hrs/week	$0	$481,225	$30,942	$512,167
ADDITIONAL VICE PRESIDENT Director/trustee, officer, 2.00 hrs/week	$0	$274,059	$51,522	$325,581
VICE PRESIDENT/TREASURER (EFF. 5/24) Director/trustee, officer, 2.00 hrs/week	$0	$280,708	$33,804	$314,512
FORMER OFFICER Former, 0.00 hrs/week	$0	$287,236	$9,078	$296,314
VICE PRESIDENT/TREASURER (THRU 5/24) Director/trustee, officer, 2.00 hrs/week	$0	$191,463	$23,040	$214,503
SECRETARY Director/trustee, officer, 2.00 hrs/week	$0	$118,187	$10,954	$129,141

0 people received more than $100,000 in reportable compensation from Tsf Properties (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
2024 ⓘ	$16M	$16M	100.0%	−$10,862	$512,167
2023 ⓘ	$9.0M	$9.0M	100.0%	−$19,652	$477,879
2022 ⓘ	$489	$3,699	0.0%	−$16,040	$330,620
2021 ⓘ	$6.7M	$6.7M	99.8%	−$12,830	$363,376
2020 ⓘ	$315K	$2.5M	99.8%	−$9,693	$493,202
2019 ⓘ	$685K	$1.4M	99.8%	$1.8M	$445,216

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b11 · 7 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aNo
Board given the 990 before filing Part VI 11aNo
Family or business ties among insiders Part VI 2Yes
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 50
Volunteers Part I, line 610

Correct a figure or respond

Every number above is copied from Tsf Properties's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Tsf Properties, you can publish a response that is linked from this page.

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Similar-sized charities in this cause

Racine Community Foundation
Racine, WI · revenue $16M · programs 78.1% · 2025
Rubin Museum of Art Aka the Shelley & Donald Rubin Cultural Trust
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University of Pittsburgh and UPMC Medical and Health Sciences Foundation
Pittsburgh, PA · revenue $16M · programs 0.0% · FY2025
American Friends of the Royal Foundation of the Prince and Princess of Wales
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St Louis Community Foundation
St Louis, MO · revenue $15M · programs 94.6% · 2024

All philanthropy, voluntarism & grantmaking charities · Largest charities in Washington

Questions people ask

How much of Tsf Properties's spending goes to programs?

In calendar year 2024, Tsf Properties reported that 100.0% of its $15.5 million in expenses went to program services, 0.0% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Tsf Properties pay its top executive?

The largest total compensation Tsf Properties reported for one person in calendar year 2024 was $512,167, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Tsf Properties get its money?

Of $15.5 million in revenue in calendar year 2024, 100.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Tsf Properties a registered charity?

The IRS lists EIN 91-2016094 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

2024: Form 990 for calendar year 2024, object 202533149349306283 · read the filing · XML
2023: Form 990 for calendar year 2023, object 202433069349302503 · read the filing
2022: Form 990 for calendar year 2022, object 202303119349303605 · read the filing
2021: Form 990 for calendar year 2021, object 202212789349301246 · read the filing
2020: Form 990 for calendar year 2020, object 202122919349301327 · read the filing
2019: Form 990 for calendar year 2019, object 202033189349311933 · read the filing

All filings for EIN 91-2016094: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.