Fiber Broadband Association
- Assets
- $5.8m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 13
- Location
- Spokane, WA
- Founding
- 05/2004
- Data as of
- 12/2023
- EIN
- 16-1608036
Organization Overview
Fiber Broadband Association is located in Spokane, WA. The organization was established in 2004. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Fiber Broadband Association employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fiber Broadband Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Fiber Broadband Association generated $9.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $8.2m during the year ending 12/2023. While expenses have increased by 17.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, PROMOTE, AND ACCELERATE FIBER TO THE HOME AND RESULTING QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE, PROMOTE AND ACCELERATE FIBER TO THE HOME AND THE RESULTING QUALITY OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Jones Chair | OfficerTrustee | 5 | $0 |
Kim Mckinley Secretary | OfficerTrustee | 5 | $0 |
Joe Jensen Treasurer | OfficerTrustee | 5 | $0 |
Jimmy Todd Chair Elect | OfficerTrustee | 5 | $0 |
Mark Boxer Director | Trustee | 5 | $0 |
Katie Espeseth Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meeting Management Services Event | 12/30/23 | $602,779 |
Connect2 Communications Public Relation | 12/30/23 | $556,306 |
Lucy Green Llc Sales Managemen | 12/30/23 | $487,595 |
Kelly Drye Warren Legal/lobby | 12/30/23 | $252,218 |
Cartesian Consulting | 12/30/23 | $204,181 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,976,980 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,976,980 |
| Total Program Service Revenue | $0 |
| Investment income | $183,195 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,156 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,223,977 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $460,567 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,076,040 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $131,778 |
| Payroll taxes | $80,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,523 |
| Fees for services: Accounting | $116,000 |
| Fees for services: Lobbying | $363,598 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,997 |
| Fees for services: Other | $571,837 |
| Advertising and promotion | $576,614 |
| Office expenses | $38,346 |
| Information technology | $320,479 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $58,082 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,062,484 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,837 |
| All other expenses | $32,677 |
| Total functional expenses | $8,152,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,096,828 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $219,322 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $184,480 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,258,223 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,758,853 |
| Accounts payable and accrued expenses | $351,384 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,747,428 |
| Total liabilities | $3,098,812 |
| Net assets without donor restrictions | $2,660,041 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,758,853 |