Forest Beach
- Assets
- $312.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gig Harbor, WA
- Founding
- 05/2011
- Data as of
- 12/2023
- EIN
- 26-4539286
Organization Overview
Forest Beach is located in Gig Harbor, WA. The organization was established in 2011. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest Beach is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2023, Forest Beach generated $83.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $37.9k during the year ending 12/2023. While expenses have increased by 11.5% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE WATER TO 81 HOUSEHOLDS, USING THE LOCAL MAJOR UTILITY COMPANY TO MANAGE DAILY NEEDS AND MONTHLY MONITORING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jess Tart Trustee | 1 | $0 | |
Buzz Curry Trustee | 1 | $0 | |
Ros Cook Trustee | 1 | $0 | |
Don Lloyd President | 1 | $0 | |
Doug Hoover Vice President | 1 | $0 | |
Ron Mladenich Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $74,868 |
| Membership dues | $2,500 |
| Investment income | $6,008 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $83,376 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $833 |
| Occupancy, rent, utilities, and maintenance | $8,577 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,484 |
| Total expenses | $37,894 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $224,012 |
| Other assets | $0 |
| Total assets | $312,812 |
| Total liabilities | $0 |
| Net assets or fund balances | $312,812 |