North Thurston Education Association
- Assets
- $517.3k
- Revenue
- $309.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Olympia, WA
- Founding
- 01/1978
- Data as of
- 08/2023
- EIN
- 91-1011704
Organization Overview
North Thurston Education Association is located in Olympia, WA. The organization was established in 1978. 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, North Thurston Education Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Thurston 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, North Thurston Education Association generated $309.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $295.2k during the year ending 08/2023. While expenses have increased by 1.5% per year over the past 8 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 PUBLIC 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 NORTH THURSTON SCHOOL DISTRICT. ACTIVITIES INCLUDE GRIEVANCE PROCEEDINGS, ARBITRATION, AND REPRESENTATION FOR TEACHERS AT THE STATE AND NATIONAL LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Nelson President | OfficerTrustee | 40 | $153,939 |
Katie Agren Vice Preside | OfficerTrustee | 2 | $2,000 |
Wendy Billings Treasurer | OfficerTrustee | 2 | $2,500 |
Katie Baydo-Reed Secretary | OfficerTrustee | 2 | $2,000 |
Josh Parker Board Member | Trustee | 2 | $0 |
Holly Berchet-Hall Board Member | Trustee | 2 | $1,500 |
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 | $306,318 |
| Investment income | $1,730 |
| 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 | $309,272 |
| 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. | $166,439 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,876 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,589 |
| Payroll taxes | $2,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,500 |
| Fees for services: Accounting | $7,997 |
| 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 | $6,764 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,336 |
| Travel | $901 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,752 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,092 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $295,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,657 |
| Savings and temporary cash investments | $134,587 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,001 |
| 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 | $21,067 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $517,312 |
| Accounts payable and accrued expenses | $26,375 |
| 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 | $0 |
| Total liabilities | $26,375 |
| Net assets without donor restrictions | $490,937 |
| 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 | $517,312 |