Western Building Material Association
- Assets
- $1.6m
- Revenue
- $1.5m
- Investments
- $5.7k
- Employees
- 2
- Location
- Olympia, WA
- Founding
- 03/1937
- Data as of
- 06/2022
- EIN
- 91-0469200
Organization Overview
Western Building Material Association is located in Olympia, WA. The organization was established in 1937. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Western Building Material Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Building Material 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 06/2022, Western Building Material Association generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $480.8k during the year ending 06/2022. While expenses have increased by 1.3% per year over the past 6 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 CONNECT & EDUCATE MEMBERS AND PROMOTE THE INTERESTS OF THE LUMBER & BUILDING MATERIALS INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES EDUCATION, INSURANCE, MANAGEMENT CONSULTING SUPPORT, AND LITERATURE FOR MEMBERS WHICH ARE COMPANIES IN THE BUILDING MATERIALS SUPPLY INDUSTRY. APPROXIMATELY 312 MEMBERS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casey Voorhees Executive Director | Officer | 40 | $149,820 |
Rick Jensen President | OfficerTrustee | 1 | $0 |
Jeff Newenhof Vice President | OfficerTrustee | 1 | $0 |
Rick Lierz Vice President | OfficerTrustee | 1 | $0 |
David Stordahl Immediate Past President | OfficerTrustee | 1 | $0 |
Bruce Abel Investment Committee Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $24,710 |
| Government grants | $60,300 |
| 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 | $85,010 |
| Total Program Service Revenue | $404,700 |
| Investment income | $36,773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,974 |
| Net Gain/Loss on Asset Sales | $900,501 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,815 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,501,885 |
| 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. | $167,086 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,124 |
| Pension plan accruals and contributions | $2,114 |
| Other employee benefits | $1,263 |
| Payroll taxes | $18,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,361 |
| Fees for services: Other | $780 |
| Advertising and promotion | $0 |
| Office expenses | $16,676 |
| Information technology | $12,507 |
| Royalties | $0 |
| Occupancy | $24,247 |
| Travel | $16,415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,032 |
| Interest | $0 |
| Payments to affiliates | $9,180 |
| Depreciation, depletion, and amortization | $2,609 |
| Insurance | $3,397 |
| All other expenses | $0 |
| Total functional expenses | $480,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,363 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,658 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,864 |
| Prepaid expenses and deferred charges | $9,693 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,356,927 |
| Investments—other securities | $5,681 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $1,618,686 |
| Accounts payable and accrued expenses | $27,823 |
| Grants payable | $0 |
| Deferred revenue | $39,540 |
| 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 | $0 |
| Total liabilities | $67,363 |
| Net assets without donor restrictions | $1,551,323 |
| 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 | $1,618,686 |