Portage Bay Insurance
99% goes to programs
Portage Bay Insurance is a 501(c)(3) organization based in Seattle, Washington, registered in 2005, with $55,609,001 in FY2023 revenue. CharityIndex grades it B+, and it directs about 99% of spending to programs.
4333 Brooklyn Ave Ne, Seattle, WA, 98195 EIN 01-0717030 Since 2005
Revenue (FY2023)
$55.6M
▼ 11.1% vs prior year
Membership median: $185K
Expenses (FY2023)
$51.9M
Net assets
$15.4M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating99% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Portage Bay Insurance: 99% to programs earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Portage Bay Insurance: 4 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Portage Bay Insurance: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Portage Bay Insurance: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide professional, general, educators legal (including employment practices), and automobile liability insurance coverage to the university of washington and its affiliates.
Contact & location
- Address
- 4333 Brooklyn Ave Ne, Seattle, WA, 98195
- City
- Seattle
- State
- Washington
- Category
- Mutual & Membership Benefit
- Subcategory
- Membership Benefit Organizations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $22.4M (FY2013) to $55.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $172.1MNet assets $15.4M
Operating margin
6.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$187.4M
Total liabilities
$172.1M
Net assets
$15.4M
Salaries & benefits
$0
0% of expenses
Board members
11
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $55,609,001▼11.1% | $51,897,937▼22.8% | $15,372,234▲228% | $187,444,734▲15.9% | 990 |
| 2022 | $62,536,564▲43.2% | $67,193,743▲28.5% | $4,693,330▼14.8% | $161,698,095▼15.9% | 990 |
| 2021 | $43,679,880▼26.8% | $52,270,627▼7.1% | $5,510,455▼69.7% | $192,262,128▲8.9% | 990 |
| 2020 | $59,637,964▲129% | $56,248,304▲96.9% | $18,202,800▲22.9% | $176,507,390▲76.8% | 990 |
| 2019 | $26,048,700▼4.6% | $28,573,638▼29.4% | $14,813,140▼14.6% | $99,811,015▲10.9% | 990 |
| 2018 | $27,318,555▲4.0% | $40,456,608▲22.1% | $17,338,078▼43.1% | $89,987,622▼21.6% | 990 |
| 2017 | $26,275,036▼1.1% | $33,137,663▲144% | $30,476,131▼18.4% | $114,785,331▲37.7% | 990 |
| 2016 | $26,572,917▲19.0% | $13,559,388▼43.2% | $37,338,758▲53.5% | $83,367,227▲8.6% | 990 |
| 2015 | $22,338,122▼1.5% | $23,875,429▼23.9% | $24,325,229▼5.9% | $76,769,550▼12.5% | 990 |
| 2014 | $22,687,825▲1.5% | $31,366,766▲51.6% | $25,862,536▼25.1% | $87,715,268▲8.0% | 990 |
| 2013 | $22,357,055 | $20,697,251▼26.7% | $34,541,477▲5.0% | $81,190,979▼12.7% | 990 |
| 2012 | — | $28,249,928▲56.2% | $32,881,673▼19.0% | $93,007,896▲16.0% | 990 |
| 2011 | — | $18,082,650▲42.9% | $40,575,505▼1.3% | $80,174,842▲4.6% | 990 |
| 2010 | — | $12,649,658▼43.0% | $41,113,721▲18.8% | $76,632,335▲4.3% | 990 |
| 2009 | — | $22,198,656 | $34,601,499 | $73,440,366 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Anneliese Schleyer | Director (beg 9/21/23) | 1 | — |
| Brad Simmons | Director (beg 2/1/24) | 1 | — |
| Brian Mccartan | Director (thru 12/31/23) | 1 | — |
| Denys Kazama | Secretary/treasurer | 1 | — |
| Jacqueline Cabe | Director | 1 | — |
| Jane Yung | President/director | 1 | — |
| Kris Whitters | Director (beg 9/21/23) | 1 | — |
| Marcia Rhodes | Vice-president/director(thru 12/31/23) | 1 | — |
| Michael Kelly | Director (thru 9/21/23) | 1 | — |
| Mindy Kornberg | Director (beg 2/1/24) | 1 | — |
| Sarah Norris Hall | Director | 1 | — |
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Compare Portage Bay Insurance
Frequently asked questions
- Is Portage Bay Insurance a legitimate nonprofit?
- Yes. Portage Bay Insurance is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 01-0717030, based in Seattle, Washington. Donations are tax-deductible.
- What is Portage Bay Insurance's EIN?
- Portage Bay Insurance's Employer Identification Number (EIN) is 01-0717030.
- How much revenue does Portage Bay Insurance report?
- Portage Bay Insurance reported $55,609,001 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Portage Bay Insurance's spending goes to programs?
- Portage Bay Insurance spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Portage Bay Insurance have?
- CharityIndex grades Portage Bay Insurance B+, based on program efficiency and fundraising cost.
- How much does Portage Bay Insurance's highest-paid employee make?
- The highest reported compensation on Portage Bay Insurance's latest Form 990 is $0, paid to Anneliese Schleyer (Director (beg 9/21/23)).
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Data for Portage Bay Insurance (EIN 01-0717030) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.