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← KITSAP BUILDING ASSOCIATION

Form 990 for tax year 2024

Filed by KITSAP BUILDING ASSOCIATION.

Totals

Total revenue
$731,894
Total expenses
$751,842
Contributions and grants received
$500,318
Grants paid
$52
Program service revenue
$204,918
Investment income
$26,658
Other revenue
$0
Total assets, end of year
$384,212
Total liabilities, end of year
$40,789
Net assets or fund balances, end of year
$343,423
Program services expenses (Part IX)
$79,661
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 10.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1b · Membership dues

    $105,489

  • 1c · Fundraising events

    $358,383

  • 1f · All other contributions, gifts and grants

    $36,446

  • 2a · Program service revenue: MARKETING ASSISTANCE

    total $146,262 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: EDUCATIONAL SEMINARS

    total $6,450 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: MEMBERSHIP SERVICES

    total $50,423 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: REBATES

    total $1,783 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $22,904 · unrelated business $0 · excluded $22,904

  • 7a · Gross sales of assets other than inventory

    securities $293,131

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

    securities $289,377

  • 7c · Gain or loss

    securities $3,754

  • 7d · Net gain or loss

    total $3,754 · related or exempt $0 · unrelated business $0 · excluded $3,754

  • 8a · Fundraising events: contributions included on line 1c

    $358,383

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $52 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $116,467 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $221,648 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $39,026 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $28,575 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $5,080 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $49,113 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $82,160 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $11,315 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $19,702 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $28,956 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $22,884 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $115 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $8,025 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $7,134 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: EQUIMENT RENTAL

    total $6,130 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: BANK CHARGES

    total $15,549 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: POLITICAL GRANT

    total $7,935 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses: TAXES STATE AND PERSONAL PROPERTY

    total $2,315 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $79,661 · program services $79,661 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,378 · end of year $51,972

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $198

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

    $277,446

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

    $234,648

  • 10c · Land, buildings and equipment, net

    beginning of year $50,823 · end of year $42,798

  • 11 · Investments: publicly traded securities

    beginning of year $375,605 · end of year $289,244

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,960 · end of year $6,562

  • 19 · Deferred revenue

    beginning of year $65,279 · end of year $37,567

  • 25 · Other liabilities

    beginning of year $45,196 · end of year -$3,340

  • 31 · Retained earnings, endowment or other funds

    beginning of year $363,371 · end of year $343,423

Mission and programs · 2024

Mission

TO PROVIDE INFORMATION, EDUCATION AND SERVICES THAT PROMOTE THE CONSTRUCTION INDUSTRY. WE FOSTER SAFE AFFORDABLE HOUSING, AND PROMOTE ECONOMIC DEVELOPMENT.

  • MEMBERSHIP SERVICES - HELD MONTHLY MEETINGS AND EDUCATIONAL SEMINARS TO PROVIDE INFORMATION REGARDING THE CONSTRUCTION INDUSTRY TO MEMBERS.

  • MARKETING ASSISTANCE - PROVIDE MEMBERS WITH A NEWSLETTER AND A DIRECTORY OF BUILDERS, PROVIDE ACCESS TO GROUP MEDICAL INSURANCE AND TO WASHINGTON STATE WORKMENS COMPENSATION REBATE PLAN THAT ENCOURAGES JOB SAFETY AND REDUCES PAYROLL COSTS.

  • PRESENTED CONCERNS OF THE BUILDING INDUSTRY TO LEGISLATIVE AND REGULATORY BODIES, INFORMED MEMBERS ABOUT GOVERNMENT ACTIONS.

As filed on the 2024 return.

Listed in Part VII

  • 1 RANDALL KING

    EXECUTIVE OFFICER

    Total calculated
    $116,467
    From this org
    $116,467
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • 2 BERNI KENWORTHY

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • 3 MARIANNE WEBER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • 4 ERIC PETERSON

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • 5 IAN LAUGHLIN

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • 6 BRANDON WEISHHAUS

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • 7 CALEB JANOWSKI

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • 8 AARON LOUGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • 9 KANE FENNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • 10JAKE CARTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • 11 MORGAN LINDBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • 12 DEBRA PURCELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • 13 JEFFREY EAGLESON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • 14 KELLEN BOND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349326098

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