Naiop Washington State
- Assets
- $1.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 4
- Location
- Redmond, WA
- Founding
- 04/1983
- Data as of
- 12/2022
- EIN
- 91-1176606
Organization Overview
Naiop Washington State is located in Redmond, WA. The organization was established in 1983. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Naiop Washington State employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naiop Washington State 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 12/2022, Naiop Washington State generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 7.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO IMPROVING THE CLIMATE FOR COMMERCIAL REAL ESTATE DEVELOPMENT, PROVIDING OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT AND CREATING A FORUM FOR NETWORKING AND BUSINESS IMPROVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS - NAIOP'S MONTHLY BREAKFAST MEETINGS OFFER TIMELY INDUSTRY INFORMATION AND NETWORKING OPPORTUNITIES. BREAKFAST MEETINGS BRING TOGETHER MEMBERS FROM ALL DISCIPLINES FOR STRUCTURED PRESENTATIONS AND NETWORKING OPPORTUNITIES. BREAKFAST MEETING SPEAKERS OFTEN INCLUDE SOME OF THE REGION'S MOST WELL-KNOWN AND INFLUENTIAL DEVELOPERS OFFERING INFORMATION MEMBERS CAN USE IN THEIR DAILY BUSINESS PRACTICES. TOPICS RANGE FROM FINANCING AND LEASING TO GOVERNMENT AND REGULATORY POLICY.
NIGHT OF THE STARS - EVERY NOVEMBER, NAIOP MEMBERS, THEIR GUESTS AND INDUSTRY ASSOCIATES DRESS TO IMPRESS AT THE ANNUAL NIGHT OF THE STARS AWARDS GALA. ARGUABLY THE MOST ANTICIPATED INDUSTRY EVENT OF THE YEAR, NIGHT OF THE STARS RECOGNIZES LOCAL REAL ESTATE PROJECTS AND COMPANIES FOR THEIR IMPACT ON THE COMMUNITY, MARKET ADAPTABILITY, INGENUITY, AND LOCAL CONTRIBUTIONS.
SUMMER SOCIAL - SUMMERS DAYS ARE FILLED WITH SOCIAL EVENTS, BUT NAIOP'S SUMMER SOCIAL AND GOLF TOURNAMENT IS THE ONE THAT MUST NOT BE MISSED! IN AUGUST, MEMBERS AND THEIR GUESTS TEE OFF ON ONE OF THE AREA'S BEST GOLF COURSES AND COMPETE FOR BRAGGING RIGHTS AMONGST THEIR COLLEAGUES AND PEERS. A POST-TOURNAMENT RECEPTION OFFERS AMPLE OPPORTUNITY FOR VISITING AND NETWORKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggi Lewis Fu Executive Dir. | Officer | 40 | $143,495 |
Danielle Duvall Dir. Member Engage | 40 | $132,375 | |
Marty Goodman Past President | OfficerTrustee | 1 | $0 |
Nancy Rogers President | OfficerTrustee | 3 | $0 |
Joe Polito Director | Trustee | 0.5 | $0 |
Travis Hale President Elect | OfficerTrustee | 1 | $0 |
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 | $212,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $212,000 |
| Total Program Service Revenue | $1,328,682 |
| Investment income | $213 |
| 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 | $1,602,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,000 |
| 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. | $147,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $254,535 |
| Pension plan accruals and contributions | $10,374 |
| Other employee benefits | $7,297 |
| Payroll taxes | $40,578 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,568 |
| Fees for services: Lobbying | $185,487 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,061 |
| Advertising and promotion | $83,313 |
| Office expenses | $40,079 |
| Information technology | $16,284 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,618 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,247 |
| All other expenses | $0 |
| Total functional expenses | $1,492,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $650,127 |
| Savings and temporary cash investments | $230,156 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $264,750 |
| 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 | $22,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,167,533 |
| Accounts payable and accrued expenses | $81,532 |
| Grants payable | $0 |
| Deferred revenue | $379,210 |
| 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 | $23,639 |
| Total liabilities | $484,381 |
| Net assets without donor restrictions | $683,152 |
| 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 | $1,167,533 |
Grants Awarded
Over the last fiscal year, Naiop Washington State has awarded $40,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PARTNERSHP AFFORDABLE HOUSING PURPOSE: Donation Washington Rent Control | $25,000 |
SEATTLE FOR EVERYONE PURPOSE: Support Housing Advocacy Programs | $15,000 |