Master Builders Association Of King And Snohomish Counties
- Assets
- $43.9m
- Revenue
- $11.4m
- Investments
- $219.2k
- Employees
- 45
- Location
- Bellevue, WA
- Founding
- 03/1964
- Data as of
- 12/2023
- EIN
- 91-0658930
Organization Overview
Master Builders Association Of King And Snohomish Counties is located in Bellevue, WA. The organization was established in 1964. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Master Builders Association Of King And Snohomish Counties employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Master Builders Association Of King And Snohomish Counties 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 12/2023, Master Builders Association Of King And Snohomish Counties generated $11.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $13.4m during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 9 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.
Since 2014, Master Builders Association Of King And Snohomish Counties has awarded 59 individual grants totaling $1,195,967. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND PROTECT THE VIABILITY OF THE HOME BUILDING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP PROGRAMS: - MBAKS IS THE OLDEST AND LARGEST LOCAL HOME BUILDERS ASSOCIATION IN THE US. WE HAVE SERVED OUR MEMBERS FOR MORE THAN 110 YEARS. IN 2023, WE HAD 2,450 MEMBERS WITH 86% RETENTION. - CONTINUED OPERATION OF STATE LABOR AND INDUSTRIES RETROSPECTIVE RATING PROGRAM. SUCCESSFUL PROGRAM MANAGEMENT, WITH OVER $47M IN PREMIUMS AND $13.5M REFUNDED TO PARTICIPATING EMPLOYERS. - OVER 30 YEARS OF SPONSORSHIP OF MBAKS HEALTH INSURANCE TRUST, WHICH PROVIDES FULLY INSURED, AFFORDABLE HEALTH CARE COVERAGE TO OVER 24,000 PARTICIPANTS IN KING AND SNOHOMISH COUNTIES. - DEVELOPMENT OF THE FUTURE WORKFORCE: THE MBAKS EMERGING PROFESSIONALS PROGRAM WAS CREATED IN 2022 TO ADDRESS THE LOCAL INDUSTRY'S NEED FOR QUALIFIED TRADE PROFESSIONALS. THE INITIATIVE IS BASED ON THREE CORE PILLARS: PARTNERSHIP WITH LOCAL EDUCATIONAL INSTITUTIONS, INDUSTRY AND GOVERNMENT AWARENESS, AND MEANINGFUL ENGAGEMENT BETWEEN OUR MEMBERS AND STUDENTS CURRENTLY ENROLLED IN TRADE PROGRAMS. AT THE END OF 2023, MBAKS SPONSORED FOUR NAHB STUDENT CHAPTERS, BEING THE SOLE LOCAL HBA IN WASHINGTON STATE WITH ANY OFFICIAL CHAPTERS. - BUILT GREEN PROGRAM: CERTIFIED OVER 1000 PROJECTS AND OVER 1,500 TOTAL UNITS AS BUILT GREEN.
EDUCATION, MEMBER ENGAGEMENT: -PROVIDED OVER 350 EVENTS, COURSES AND MEETINGS COVERING TOPICS SUCH AS WORKPLACE SAFETY, CLAIMS MANAGEMENT, CPR, GREEN BUILDING, HEALTHY HOMES, OSHA, LEAD CERTIFICATION, ECONOMIC AND HOUSING TRENDS, HOUSING POLICY, LEGISLATIVE DEVELOPMENTS, DEVELOPER, BUILDER AND REMODELER ISSUES, SMALL BUSINESS TOPICS, MEMBER BENEFITS, AND HOUSING ADVOCACY.
ADVOCACY: - HOUSING ADVOCACY MEETINGS AND EVENTS HOSTED BY MBAKS GATHER OVER 1,500 ATTENDEES THROUGHOUT THE YEAR. - MBAKS TEAM ADVOCATES INDUSTRY ISSUES WITH OVER 300 INDIVIDUAL ELECTED OFFICIALS AND INTERVIEWED 30 INDIVIDUAL CANDIDATES FOR LOCAL OFFICE. - IN ODD YEARS, MBAKS HOSTS THE EVERGREEN CAMPAIGN INSTITUTE (ECI) IN COORDINATION WITH OTHER PARTNER ORGANIZATIONS TO HELP EDUCATE INDIVIDUALS ON CANDIDACY AND CAMPAIGN MANAGEMENT. - AIMS TO INCREASE COMMUNICATION AND AWARENESS FOR HOUSING ADVOCACY THROUGH SOCIAL MEDIA OUTREACH PROGRAM.
COMMUNITY STEWARDSHIP: - PARTNERED WITH MULTIPLE HOUSING RELATED NON-PROFITS IN SPONSORSHIP AND VOLUNTEER CAPACITIES IN SUPPORT OF HOUSING RELATED CAUSES. - CONDUCTED TWO TEAM BUILDS WITH HABITAT FOR HUMANITY. - PROVIDED SCHOLARSHIPS TOTALING OVER 10,000 TO INDIVIDUALS IN CONSTRUCTION RELATED PROGRAMS. - BUILT 29 RAMPS WITH 21 VOLUNTEER TEAMS (300 TOTAL VOUNTEERS) - REPAINTED NON-PROFIT VISION HOUSE WITH OVER 100 TOTAL VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Traci Tenhulzen President | OfficerTrustee | 8 | $0 |
Trevor Johnson 1st Vice President | OfficerTrustee | 0.5 | $0 |
Jennifer Tennyson 2nd Vice President | OfficerTrustee | 1 | $0 |
Brenda Nunes Secretary | OfficerTrustee | 0.5 | $0 |
Cameron Mckinnon Immediate Past President | OfficerTrustee | 2 | $0 |
Luellen Smith Director | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Employer Resources Northwest Grip Management | 12/30/23 | $1,787,501 |
Desautel Hege Communications Inc Public Relations, Marketing | 12/30/23 | $785,372 |
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 | $47,100 |
| Noncash contributions included in lines 1a–1f | $39,682 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,100 |
| Total Program Service Revenue | $5,086,767 |
| Investment income | $497,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,644,064 |
| Net Rental Income | -$13,891 |
| Net Gain/Loss on Asset Sales | -$18,066 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,395,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $113,791 |
| Grants and other assistance to domestic individuals. | $13,935 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $587,059 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,777,489 |
| Pension plan accruals and contributions | $118,293 |
| Other employee benefits | $477,723 |
| Payroll taxes | $364,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $284,222 |
| Fees for services: Accounting | $59,500 |
| Fees for services: Lobbying | $126,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $126,966 |
| Fees for services: Other | $929,813 |
| Advertising and promotion | $215,098 |
| Office expenses | $131,703 |
| Information technology | $371,848 |
| Royalties | $0 |
| Occupancy | $411,871 |
| Travel | $10,460 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $163,157 |
| Interest | $4,134 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $447,363 |
| Insurance | $31,221 |
| All other expenses | $364,595 |
| Total functional expenses | $13,434,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,152,736 |
| Savings and temporary cash investments | $662,268 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $382,917 |
| 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 | $265,703 |
| Net Land, buildings, and equipment | $3,907,798 |
| Investments—publicly traded securities | $19,188,944 |
| Investments—other securities | $219,172 |
| Investments—program-related | $0 |
| Intangible assets | $30,000 |
| Other assets | $18,071,468 |
| Total assets | $43,881,006 |
| Accounts payable and accrued expenses | $953,612 |
| Grants payable | $0 |
| Deferred revenue | $414,628 |
| 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 | $18,273,446 |
| Total liabilities | $19,641,686 |
| Net assets without donor restrictions | $24,239,320 |
| 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 | $43,881,006 |
Grants Awarded
Over the last fiscal year, Master Builders Association Of King And Snohomish Counties has awarded $102,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY PURPOSE: GENERAL DONATION | $12,500 |
UNIVERSITY OF WASHINGTON FOUNDATION PURPOSE: SCHOLARSHIP | $10,000 |
SAWHORSE REVOLUTION PURPOSE: GENERAL DONATION | $15,000 |
WELD SEATTLE PURPOSE: GENERAL DONATION | $15,000 |
HAWAII BUILDING INDUSTRY FOUNDATION PURPOSE: GENERAL DONATION | $50,000 |