Federal Way Education Association
- Assets
- $456.7k
- Revenue
- $499.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Federal Way, WA
- Founding
- 10/1971
- Data as of
- 08/2023
- EIN
- 91-0833220
Organization Overview
Federal Way Education Association is located in Federal Way, WA. The organization was established in 1971. 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, Federal Way Education Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Federal Way Education Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2023, Federal Way Education Association generated $499.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $524.3k during the year ending 08/2023. While expenses have increased by 6.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE CAUSE OF EDUCATION ON BEHALF OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRACT MAINTENANCE FOR MEMBERS. ORGANIZATION IS A TEACHERS ASSOCIATION FOR THE FEDERAL WAY SCHOOL DISTRICT. ACTIVITIES INCLUDE GRIEVANCE PROCEEDINGS, ARBITRATION, AND REPRESENTATION FOR THE TEACHERS AT THE STATE AND NATIONAL LEVELS.
CONTRACT MAINTENANCE FOR MEMBERS. ORGANIZATION IS A TEACHERS ASSOCIATION FOR THE FEDERAL WAY SCHOOL DISTRICT. ACTIVITIES INCLUDE GRIEVANCE PROCEEDINGS, ARBITRATION, AND REPRESENTATION FOR THE TEACHERS AT THE STATE AND NATIONAL LEVELS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Mccann President | OfficerTrustee | 40 | $167,343 |
James Brown Vice Preside | Trustee | 20 | $89,208 |
Stephanie Price Secretary | Trustee | 2 | $2,145 |
Stephanie Wright Representati | Trustee | 2 | $855 |
Gina Harada Representati | Trustee | 2 | $750 |
Jeremy Bort Representati | Trustee | 2 | $1,622 |
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 | $14,369 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,369 |
| Total Program Service Revenue | $485,220 |
| Investment income | $341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $499,930 |
| 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. | $268,495 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,170 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,263 |
| Payroll taxes | $6,747 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,409 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,738 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,870 |
| Travel | $229 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,373 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,798 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $524,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,852 |
| Savings and temporary cash investments | $127,208 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,336 |
| 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 | $1,319 |
| Net Land, buildings, and equipment | $1,970 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $456,685 |
| Accounts payable and accrued expenses | $32,087 |
| Grants payable | $0 |
| Deferred revenue | $43,839 |
| 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 | $37,953 |
| Total liabilities | $113,879 |
| Net assets without donor restrictions | $304,186 |
| Net assets with donor restrictions | $38,620 |
| 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 | $456,685 |