The Mustard Seed Project Of Key Peninsula
- Assets
- $12.1m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 9
- Location
- Vaughn, WA
- Founding
- 04/2011
- Data as of
- 06/2022
- EIN
- 61-1537566
Organization Overview
The Mustard Seed Project Of Key Peninsula is located in Vaughn, WA. The organization was established in 2011. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Mustard Seed Project Of Key Peninsula employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mustard Seed Project Of Key Peninsula is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Mustard Seed Project Of Key Peninsula generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 49.4% each year . All expenses for the organization totaled $541.4k during the year ending 06/2022. While expenses have increased by 12.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENSURE CHOICES FOR HEALTHY AGING ON THE KEY PENINSULA BY CONNECTING ELDERS WITH INNOVATIVE PROGRAMS AND RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PROGRAMS AND SUPPORT FOR SENIORS ON THE KEY PENINSULA SO THAT THEY CAN AGE SAFELY IN THEIR HOMES AND COMMUNITY OF CHOICE. WE UTILIZE CREATIVE PARTNERSHIPS AND VOLUNTEERS TO PROVIDE SENIOR TRANSPORTATION, INFORMATION AND REFERRAL, ENRICHMENT PROGRAMS, IN-HOME REPAIRS AND SUPPORT SERVICES. WE RECENTLY COMPLETED CONSTRUCTION OF ASSISTED LIVING AND MEMORY CARE HOMES IN KEY CENTER FOR SENIORS UNABLE TO STAY SAFELY IN THEIR HOMES. WE ANNUALLY SERVE ABOUT 950 SENIORS DELIVERING 6,023 INSTANCES OF SERVICE DURING THE YEAR FOCUSING ON FOUR PRIORITY NEED AREAS: 1) LOCAL, CENTRALIZED SENIOR INFORMATION AND REFERRAL, 2) TRANSPORTATION AND MOBILITY OPTIONS FOR SENIORS, 3) SENIOR HEALTH AND WELLNESS SERVICES, AND 4) SUPPORTIVE SENIOR HOUSING OPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Thompson Co-President | OfficerTrustee | 2 | $0 |
Robert Mccrossin Co-President | OfficerTrustee | 2 | $0 |
Tony Trotter Vice Preside | OfficerTrustee | 2 | $0 |
David Brower Treasurer | OfficerTrustee | 3 | $0 |
Don Graham Secretary | OfficerTrustee | 2 | $0 |
Norm Mcloughlin Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John Korsmo Construction Inc Construction | 6/29/22 | $691,741 |
Rice Fergus Miller Inc Architect | 6/29/22 | $116,732 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $108,036 |
| Related organizations | $0 |
| Government grants | $2,960,940 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,639,241 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,708,217 |
| Total Program Service Revenue | $17,348 |
| Investment income | $4,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,267 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,059 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,743,375 |
| 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. | $86,009 |
| Compensation of current officers, directors, key employees. | $12,901 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $213,796 |
| Pension plan accruals and contributions | $5,509 |
| Other employee benefits | $10,001 |
| Payroll taxes | $30,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,806 |
| Fees for services: Accounting | $3,448 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,260 |
| Office expenses | $15,595 |
| Information technology | $9,012 |
| Royalties | $0 |
| Occupancy | $15,639 |
| Travel | $1,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130 |
| Interest | $17,457 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,751 |
| Insurance | $1,371 |
| All other expenses | $68,658 |
| Total functional expenses | $541,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $341,335 |
| Savings and temporary cash investments | $618,657 |
| Pledges and grants receivable | $36,204 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $8,458,658 |
| Investments—publicly traded securities | $2,653,865 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,108,719 |
| Accounts payable and accrued expenses | $1,706,956 |
| 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 | $2,208,343 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,915,299 |
| Net assets without donor restrictions | $4,725,633 |
| Net assets with donor restrictions | $3,467,787 |
| 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 | $12,108,719 |