Forks Timber Museum
- Assets
- $820.0k
- Revenue
- $196.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Forks, WA
- Founding
- 01/1985
- Data as of
- 12/2021
- EIN
- 91-1223946
Organization Overview
Forks Timber Museum is located in Forks, WA. The organization was established in 1985. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Forks Timber Museum employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forks Timber Museum is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Forks Timber Museum generated $196.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $79.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE PUBLIC ABOUT HERITAGE OF THE OLYMPIC PENINSULA EMPHASIZING TIMBER INDUSTRY AND FORESTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL MUSEUM OF HISTORY & INDUSTRY TO EDUCATE PUBLIC ABOUT HERITAGE OF THE OLYMPIC PENINSULA AND ASSOCIATED LOGGING INDUSTRY
LOGGERS MEMORIAL DEDICATED TO WORKERS IN THE TIMBER INDUSRTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Offut Treasurer | Officer | 1 | $5,082 |
Christi Baron Secretary | Officer | $0 | |
Richard Halverson Vice Preside | Officer | $0 | |
Joe Offutt Board Member | Officer | $0 | |
Tom Rosmond President | Officer | $0 | |
George Dhooghe Past Preside | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,200 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $156,824 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,132 |
| Noncash contributions included in lines 1a–1f | $6,599 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,156 |
| Total Program Service Revenue | $20,487 |
| Investment income | $5,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $772 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,360 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $196,139 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,437 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,500 |
| Advertising and promotion | $824 |
| Office expenses | $2,511 |
| Information technology | $1,662 |
| Royalties | $0 |
| Occupancy | $38,442 |
| Travel | $240 |
| 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 | $8,442 |
| Insurance | $3,832 |
| All other expenses | $0 |
| Total functional expenses | $79,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,102 |
| Savings and temporary cash investments | $191,050 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $59,154 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,536 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $409,059 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,070 |
| Total assets | $819,971 |
| Accounts payable and accrued expenses | $337 |
| 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 | $337 |
| Net assets without donor restrictions | $587,682 |
| Net assets with donor restrictions | $231,952 |
| 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 | $819,971 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Forks Timber Museum has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Lloyd J Allen Charitable Tr Tumwater, WA PURPOSE: SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $229,496 |
| Earnings | $4,316 |
| Other Expense | $1,860 |
| Ending Balance | $231,952 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Maritime Center Port Townsend, WA | $21,051,564 | $9,184,031 |
Burke Museum Association Seattle, WA | $1,429,157 | $2,025,349 |
Densho Seattle, WA | $2,629,365 | $2,391,669 |
Yakima Valley Museum & Hist Assn Yakima, WA | $9,407,246 | $1,269,577 |
Warhawk Air Museum Inc Nampa, ID | $5,473,516 | $2,607,121 |
The Willamette Heritage Center Salem, OR | $3,704,693 | $931,387 |
Columbia River Steamship Operators Association Portland, OR | $727,117 | $771,163 |
Valdez Museum And Historical Archive Association Incorporated Valdez, AK | $412,960 | $617,040 |
Alaska Aviation Heritage Museum Anchorage, AK | $6,679,112 | $631,265 |
Columbia Gorge Interpretive Center Stevenson, WA | $2,351,160 | $339,061 |
Port Townsend Aero Museum Port Townsend, WA | $7,746,029 | $1,457,196 |
Museum At Warm Springs Warm Springs, OR | $4,380,540 | $456,093 |