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← MASTER BUILDERS ASSOCIATION OF KING AND SNOHOMISH COUNTIES

Form 990 for tax year 2023

Filed by MASTER BUILDERS ASSOCIATION OF KING AND SNOHOMISH COUNTIES.

Totals

Total revenue
$11,395,135
Total expenses
$13,434,130
Contributions and grants received
$47,100
Grants paid
$127,726
Program service revenue
$5,086,767
Investment income
$479,305
Other revenue
$5,781,963
Total assets, end of year
$43,881,006
Total liabilities, end of year
$19,641,686
Net assets or fund balances, end of year
$24,239,320
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $47,100

  • 1g · Noncash contributions included above

    $39,682

  • 2a · Program service revenue: GROUP RETRO INSURANCE

    total $3,220,524 · related or exempt $3,220,524

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $922,868 · related or exempt $922,868

  • 2c · Program service revenue: BIAW ROII PROGRAM

    total $379,422 · related or exempt $379,422

  • 2d · Program service revenue: NETWORKING EVENTS

    total $350,048 · related or exempt $350,048

  • 2e · Program service revenue: BUILT GREEN PROGRAM

    total $213,905 · related or exempt $213,905

  • 3 · Investment income

    total $497,371 · excluded $497,371

  • 5 · Royalties

    total $5,644,064 · related or exempt $1,264,242 · excluded $4,379,822

  • 6a · Gross rents

    real property $22,690

  • 6b · Less rental expenses

    real property $36,581

  • 6c · Rental income or loss

    real property -$13,891

  • 6d · Net rental income or loss

    total -$13,891 · excluded -$13,891

  • 7b · Less cost or other basis and sales expenses

    other assets $18,066

  • 7c · Gain or loss

    other assets -$18,066

  • 7d · Net gain or loss

    total -$18,066 · excluded -$18,066

  • 11a · Other revenue: PUBLICATIONS

    total $96,076 · unrelated business $96,076

  • 11b · Other revenue: MBA PURCHASING PRGRM

    total $52,810 · excluded $52,810

  • 11c · Other revenue: INSTALLMENT FEES

    total $1,440 · excluded $1,440

  • 11d · All other revenue

    total $1,464 · excluded $1,464

  • 11e · Other revenue, total

    $151,790

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $113,791

  • 2 · Grants to domestic individuals

    total $13,935

  • 5 · Compensation of officers, directors and key employees

    total $587,059

  • 7 · Other salaries and wages

    total $3,777,489

  • 8 · Pension plan contributions

    total $118,293

  • 9 · Other employee benefits

    total $477,723

  • 10 · Payroll taxes

    total $364,022

  • 11b · Fees: legal

    total $284,222

  • 11c · Fees: accounting

    total $59,500

  • 11d · Fees: lobbying

    total $126,000

  • 11f · Fees: investment management

    total $126,966

  • 11g · Fees: other

    total $929,813

  • 12 · Advertising and promotion

    total $215,098

  • 13 · Office expenses

    total $131,703

  • 14 · Information technology

    total $371,848

  • 16 · Occupancy

    total $411,871

  • 17 · Travel

    total $10,460

  • 19 · Conferences, conventions and meetings

    total $163,157

  • 20 · Interest

    total $4,134

  • 22 · Depreciation, depletion and amortization

    total $447,363

  • 23 · Insurance

    total $31,221

  • 24a · Other expenses: GRIP PROGRAM

    total $3,295,315

  • 24b · Other expenses: EVENT EXPENSES

    total $700,932

  • 24c · Other expenses: HEALTH INSURANCE ADMIN

    total $157,620

  • 24d · Other expenses: PAC CONTRIBUTION

    total $150,000

  • 24e · All other expenses

    total $364,595

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $472,400 · end of year $1,152,736

  • 2 · Savings and temporary cash investments

    beginning of year $1,615,282 · end of year $662,268

  • 4 · Accounts receivable

    beginning of year $479,623 · end of year $382,917

  • 9 · Prepaid expenses and deferred charges

    beginning of year $235,697 · end of year $265,703

  • 10a · Land, buildings and equipment: cost or other basis

    $11,889,445

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,981,647

  • 10c · Land, buildings and equipment, net

    beginning of year $4,256,333 · end of year $3,907,798

  • 11 · Investments: publicly traded securities

    beginning of year $18,788,422 · end of year $19,188,944

  • 12 · Investments: other securities

    beginning of year $219,172 · end of year $219,172

  • 14 · Intangible assets

    beginning of year $30,000 · end of year $30,000

  • 15 · Other assets

    beginning of year $17,093,846 · end of year $18,071,468

  • 17 · Accounts payable and accrued expenses

    beginning of year $982,008 · end of year $953,612

  • 19 · Deferred revenue

    beginning of year $458,878 · end of year $414,628

  • 25 · Other liabilities

    beginning of year $17,726,510 · end of year $18,273,446

  • 27 · Net assets without donor restrictions

    beginning of year $24,019,294 · end of year $24,239,320

  • 28 · Net assets with donor restrictions

    beginning of year $4,085 · end of year $0

Mission and programs · 2023

Mission

THE MASTER BUILDERS ASSOCIATION STRIVES TO KEEP THE PUGET SOUND REGION AMONG THE BEST PLACES IN THE WORLD TO LIVE. WE COMMIT TO ENSURE THAT ALL PEOPLE CAN ATTAIN HOUSING. WE PLEDGE TO MAKE POSITIVE IMPACTS THROUGH OUR ADVOCACY, COMMUNITY, AND PHILANTHROPIC OUTREACH EFFORTS.

Activities or mission (Part I)

TO PROMOTE AND PROTECT THE VIABILITY OF THE HOME BUILDING INDUSTRY.

  • MEMBERSHIP PROGRAMS: - MBAKS IS THE OLDEST AND LARGEST LOCAL HOME BUILDERS ASSOCIATION IN THE US. WE HAVE SERVED OUR MEMBERS FOR MORE THAN 110 YEARS. IN 2023, WE HAD 2,450 MEMBERS WITH 86% RETENTION. - CONTINUED OPERATION OF STATE LABOR AND INDUSTRIES RETROSPECTIVE RATING PROGRAM. SUCCESSFUL PROGRAM MANAGEMENT, WITH OVER $47M IN PREMIUMS AND $13.5M REFUNDED TO PARTICIPATING EMPLOYERS. - OVER 30 YEARS OF SPONSORSHIP OF MBAKS HEALTH INSURANCE TRUST, WHICH PROVIDES FULLY INSURED, AFFORDABLE HEALTH CARE COVERAGE TO OVER 24,000 PARTICIPANTS IN KING AND SNOHOMISH COUNTIES. - DEVELOPMENT OF THE FUTURE WORKFORCE: THE MBAKS EMERGING PROFESSIONALS PROGRAM WAS CREATED IN 2022 TO ADDRESS THE LOCAL INDUSTRY'S NEED FOR QUALIFIED TRADE PROFESSIONALS. THE INITIATIVE IS BASED ON THREE CORE PILLARS: PARTNERSHIP WITH LOCAL EDUCATIONAL INSTITUTIONS, INDUSTRY AND GOVERNMENT AWARENESS, AND MEANINGFUL ENGAGEMENT BETWEEN OUR MEMBERS AND STUDENTS CURRENTLY ENROLLED IN TRADE PROGRAMS. AT THE END OF 2023, MBAKS SPONSORED FOUR NAHB STUDENT CHAPTERS, BEING THE SOLE LOCAL HBA IN WASHINGTON STATE WITH ANY OFFICIAL CHAPTERS. - BUILT GREEN PROGRAM: CERTIFIED OVER 1000 PROJECTS AND OVER 1,500 TOTAL UNITS AS BUILT GREEN.

  • ADVOCACY: - HOUSING ADVOCACY MEETINGS AND EVENTS HOSTED BY MBAKS GATHER OVER 1,500 ATTENDEES THROUGHOUT THE YEAR. - MBAKS TEAM ADVOCATES INDUSTRY ISSUES WITH OVER 300 INDIVIDUAL ELECTED OFFICIALS AND INTERVIEWED 30 INDIVIDUAL CANDIDATES FOR LOCAL OFFICE. - IN ODD YEARS, MBAKS HOSTS THE EVERGREEN CAMPAIGN INSTITUTE (ECI) IN COORDINATION WITH OTHER PARTNER ORGANIZATIONS TO HELP EDUCATE INDIVIDUALS ON CANDIDACY AND CAMPAIGN MANAGEMENT. - AIMS TO INCREASE COMMUNICATION AND AWARENESS FOR HOUSING ADVOCACY THROUGH SOCIAL MEDIA OUTREACH PROGRAM.

  • COMMUNITY STEWARDSHIP: - PARTNERED WITH MULTIPLE HOUSING RELATED NON-PROFITS IN SPONSORSHIP AND VOLUNTEER CAPACITIES IN SUPPORT OF HOUSING RELATED CAUSES. - CONDUCTED TWO TEAM BUILDS WITH HABITAT FOR HUMANITY. - PROVIDED SCHOLARSHIPS TOTALING OVER 10,000 TO INDIVIDUALS IN CONSTRUCTION RELATED PROGRAMS. - BUILT 29 RAMPS WITH 21 VOLUNTEER TEAMS (300 TOTAL VOUNTEERS) - REPAINTED NON-PROFIT VISION HOUSE WITH OVER 100 TOTAL VOLUNTEERS.

  • EDUCATION, MEMBER ENGAGEMENT: -PROVIDED OVER 350 EVENTS, COURSES AND MEETINGS COVERING TOPICS SUCH AS WORKPLACE SAFETY, CLAIMS MANAGEMENT, CPR, GREEN BUILDING, HEALTHY HOMES, OSHA, LEAD CERTIFICATION, ECONOMIC AND HOUSING TRENDS, HOUSING POLICY, LEGISLATIVE DEVELOPMENTS, DEVELOPER, BUILDER AND REMODELER ISSUES, SMALL BUSINESS TOPICS, MEMBER BENEFITS, AND HOUSING ADVOCACY.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Traci Tenhulzen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • Trevor Johnson

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer Tennyson

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Brenda Nunes

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Cameron McKinnon

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Luellen Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Phil Frisk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kurt Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Vitaliy Gutsalo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ron Spahman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • April Bettinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • John Mirante

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jayson Buechler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Troy Schmeil

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Aaron Holligbery

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Jeremy Hall

    EXECUTIVE DIRECTOR

    Total calculated
    $454,497
    From this org
    $434,500
    From related orgs
    $0
    Other
    $19,997
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $339,000
    Bonus
    $95,000
    Other
    $500
    Deferred
    $13,200
    Nontaxable benefits
    $6,797
    Filer's total
    $454,497

  • Jacob Brownfield

    VP OF FINANCE AND SHARED SERVICES

    Total calculated
    $132,562
    From this org
    $120,289
    From related orgs
    $0
    Other
    $12,273
    Hours/week
    40

  • Jennifer Anderson

    DIRECTOR OF GOVERNMENT AFFAIRS

    Total calculated
    $225,522
    From this org
    $191,221
    From related orgs
    $0
    Other
    $34,301
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,971
    Bonus
    $19,000
    Other
    $250
    Deferred
    $7,315
    Nontaxable benefits
    $26,986
    Filer's total
    $225,522

  • Aaron Adelstein

    VP OF BUSINESS OPERATIONS

    Total calculated
    $214,294
    From this org
    $199,600
    From related orgs
    $0
    Other
    $14,694
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,600
    Bonus
    $21,750
    Other
    $250
    Deferred
    $5,641
    Nontaxable benefits
    $9,053
    Filer's total
    $214,294

  • Russel Vanover

    IT DIRECTOR

    Total calculated
    $158,708
    From this org
    $143,418
    From related orgs
    $0
    Other
    $15,290
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,750
    Bonus
    $8,268
    Other
    $400
    Deferred
    $5,843
    Nontaxable benefits
    $9,447
    Filer's total
    $158,708

  • Mike Pattison

    SR. SNOHO. COUNTY & AHC MANAGER

    Total calculated
    $159,160
    From this org
    $142,771
    From related orgs
    $0
    Other
    $16,389
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,600
    Bonus
    $7,921
    Other
    $250
    Deferred
    $5,634
    Nontaxable benefits
    $10,755
    Filer's total
    $159,160

  • Colby Goodman

    MEMBERSHIP DIRECTOR

    Total calculated
    $194,322
    From this org
    $182,125
    From related orgs
    $0
    Other
    $12,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,375
    Bonus
    $23,500
    Other
    $250
    Deferred
    $12,197
    Nontaxable benefits
    $0
    Filer's total
    $194,322

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • MBA-KS AFFORDABLE HOUSING COUNCIL

    527 · POL ACTION COMM-SUPPORTS BUILDER FRIENDLY CANDIDATES · WA

Provenance

Return type
form_990
Tax year
2023
Filed
15 July 2024
IRS schema version
2023v5.1
Source object
202401989349301220

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