Kennewick Education Association
- Assets
- $1.4m
- Revenue
- $559.8k
- Investments
- $0.0
- Employees
- 15
- Location
- Kennewick, WA
- Founding
- 12/1973
- Data as of
- 08/2023
- EIN
- 91-0815980
Organization Overview
Kennewick Education Association is located in Kennewick, WA. The organization was established in 1973. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 08/2023, Kennewick Education Association employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kennewick Education 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 08/2023, Kennewick Education Association generated $559.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $487.8k during the year ending 08/2023. While expenses have increased by 2.6% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROVIDE SUPPORT, TRAINING, AND PROFESSIONAL ASSISTANCE TO MEMBERS OF THE KENNEWICK EDUCATION ASSOCIATION (KEA) BY ADVOCATING FOR PUBLIC EDUCATION, PROMOTING THE ECONOMIC AND PROFESSIONAL WELL-BEING OF ASSOCIATION MEMBERS, AND DEVELOPING COMMUNITY PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP OF OVER 1,000 WAS SERVED, INCLUDING TRAINING, A RETIREMENT RECEPTION, MEDIATION FACILITATION, REVIEW AND INTERPRETATION OF RELEVANT LEGISLATION, AND NEGOTIATIONS FOR MEMBER CONTRACTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Ostler Secretary/treasurer | OfficerTrustee | 1 | $2,500 |
Brittany Haggard Board Member | Trustee | 1 | $2,000 |
Holly Milewski Board Member | Trustee | 1 | $1,000 |
Michelle Minton-Valley Board Member | Trustee | 1 | $0 |
Sarah Whittaker Board Member | Trustee | 1 | $1,000 |
Lorri Ledgerwood Board Member | Trustee | 1 | $1,000 |
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 | $541,994 |
| Investment income | $50,764 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$32,969 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $559,789 |
| 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 | $1,767 |
| Compensation of current officers, directors, key employees. | $189,797 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,985 |
| Pension plan accruals and contributions | $7,064 |
| Other employee benefits | $15,542 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,637 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,117 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,686 |
| Information technology | $6,351 |
| Royalties | $0 |
| Occupancy | $31,012 |
| Travel | $1,163 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,662 |
| Insurance | $0 |
| All other expenses | $2,508 |
| Total functional expenses | $487,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,014 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $3,844 |
| Investments—publicly traded securities | $1,280,062 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,136 |
| Total assets | $1,375,056 |
| Accounts payable and accrued expenses | $1,933 |
| 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 | $22,136 |
| Total liabilities | $24,069 |
| Net assets without donor restrictions | $1,350,987 |
| 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 | $1,375,056 |