Forest Beach
- Assets
- $215.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gig Harbor, WA
- Founding
- 05/2011
- Data as of
- 12/2022
- 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 12/2022, Forest Beach generated $49.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $34.7k during the year ending 12/2022. 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
2022
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 | |
Don Lloyd President | 1 | $0 | |
Ros Cook Trustee | 1 | $0 | |
Tara Cady Treasurer | 1 | $0 | |
Ron Mladenich Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $47,159 |
| Membership dues | $1,000 |
| Investment income | $814 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,973 |
| 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 | $7,135 |
| Occupancy, rent, utilities, and maintenance | $57 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $27,503 |
| Total expenses | $34,695 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $178,530 |
| Other assets | $0 |
| Total assets | $215,930 |
| Total liabilities | $0 |
| Net assets or fund balances | $215,930 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rochester Water Association Rochester, WA | $1,363,067 | $644,458 |
Twin Lakes Canal Co Weston, ID | $9,845,222 | $667,778 |
Barlow Water District Tygh Valley, OR | $2,492,884 | $420,965 |
Scappoose Drainage Improvement Co Scappoose, OR | $1,353,460 | $391,524 |
C H R District Improvement Company Otis, OR | $963,656 | $226,691 |
Anchor Point Safe Water Corporation Anchor Point, AK | $1,217,391 | $156,755 |
Eastern Snake Plain Aquifer Recharge Blackfoot, ID | $168,571 | $262,109 |
Ethioedir Seattle, WA | $815,987 | $251,280 |
United Canal Company Blackfoot, ID | $346,241 | $0 |
Dugualla Community Inc Oak Harbor, WA | $933,017 | $124,776 |
Hide-Away Water Company Inc Oak Harbor, WA | $1,008,629 | $140,630 |
Petes Mountain Water Company Durham, OR | $1,167,689 | $166,272 |