Pacific Lumber Inspection Bureau
- Assets
- $3.7m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 27
- Location
- Federal Way, WA
- Founding
- 06/1977
- Data as of
- 12/2022
- EIN
- 91-0352790
Organization Overview
Pacific Lumber Inspection Bureau is located in Federal Way, WA. The organization was established in 1977. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Pacific Lumber Inspection Bureau employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Lumber Inspection Bureau 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 12/2022, Pacific Lumber Inspection Bureau generated $4.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $4.7m during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 4 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 PROVIDE INTEGRITY AND RELIABILITY TO THE UNIFORM GRADING OF LUMBER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PACIFIC LUMBER INSPECTION BUREAU (PLIB) PROVIDES QUALITY CONTROL INSPECTION SERVICES FOR LUMBER AND OTHER LUMBER PRODUCTS IN ACCORDANCE WITH VARIOUS NORTH AMERICAN AND INTERNATIONAL PRODUCT STANDARDS. SERVICES INCLUDE LUMBER GRADE STAMPING, GRADE CERTIFICATES AND GRADER TRAINING AND CERTIFICATION AT LUMBER MANUFACTURING FACILITIES, QUALITY AUDITS AT GLULAM, CROSS LAMINATED TIMBERS, AND TRUSS MANUFACTURING FACILITIES AND INSPECTION AND QUALITY MARKING SERVICES AT ISPM 15 CERTIFIED WOOD PACKAGING FACILITIES. PLIB ALSO PROVIDES HEAT TREATING (HT) CERTIFICATION AND HT STAMPING SERVICES FOR SAWMILLS, DRY KILNS AND REMANUFACTURERS. SERVICES PROVIDED TO MEMBERS AND SUBSCRIBERS AS WELL AS NON-MEMBERS AND THE GENERAL PUBLIC AT COST. PLIB PROVIDES THESE SERVICES IN NORTH AMERICA AND EUROPE.PLIB IS ACCREDITED BY THE AMERICAN LUMBER STANDARDS COMMITTEE AND THE CANADIAN LUMBER STANDARDS ACCREDITATION BOARD AND OPERATES SOME PROGRAMS THROUGH AN MOU WITH USDA APHIS. PLIB PUBLISHES AND DISTRIBUTES THE "STANDARD NO. 17 GRADING RULES FOR WEST COAST LUMBER AND THE "EXPORT R LIST GRADING AND DRESSING RULES" FOR EXPORT LUMBER. PLIB OWNS THE TRADEMARKS, COPYRIGHTS AND TRADENAMES OF "WEST COAST LUMBER INSPECTION BUREAU (WCLIB) AND "AMERICAN INSTITUTE OF TIMBER CONSTRUCTION" (AITC).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Beaver Chairman | OfficerTrustee | 1 | $0 |
Kyle Freres Vice-Chairman | OfficerTrustee | 0.5 | $0 |
Sam Sanders Vice-President | OfficerTrustee | 0.5 | $0 |
Eric Fritch Treasurer | OfficerTrustee | 0.5 | $0 |
Dale Bartsch Director | Trustee | 0.1 | $0 |
John Blodgett Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $4,675,968 |
| Investment income | $38,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$167,389 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,524,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $703 |
| 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. | $429,305 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,884,352 |
| Pension plan accruals and contributions | $179,622 |
| Other employee benefits | $255,805 |
| Payroll taxes | $214,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,104 |
| Fees for services: Accounting | $24,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,699 |
| Fees for services: Other | $80,234 |
| Advertising and promotion | $16,205 |
| Office expenses | $89,542 |
| Information technology | $46,222 |
| Royalties | $0 |
| Occupancy | $47,557 |
| Travel | $604,569 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,825 |
| Interest | $5,366 |
| Payments to affiliates | $459,734 |
| Depreciation, depletion, and amortization | $57,052 |
| Insurance | $55,206 |
| All other expenses | $21,807 |
| Total functional expenses | $4,686,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,353 |
| Savings and temporary cash investments | $206,435 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $723,226 |
| 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 | $150,400 |
| Net Land, buildings, and equipment | $107,330 |
| Investments—publicly traded securities | $2,104,820 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,629 |
| Total assets | $3,678,193 |
| Accounts payable and accrued expenses | $350,979 |
| 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 | $767,982 |
| Total liabilities | $1,118,961 |
| Net assets without donor restrictions | $2,559,232 |
| 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 | $3,678,193 |