Forks Timber Museum
- Assets
- $832.3k
- Revenue
- $86.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Forks, WA
- Founding
- 01/1985
- Data as of
- 12/2022
- 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 12/2022, Forks Timber Museum employed 2 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 12/2022, Forks Timber Museum generated $86.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $74.9k during the year ending 12/2022. 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
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 INDUSTRY
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 |
|---|---|---|---|
Linda Offutt Director | OfficerTrustee | 1 | $6,492 |
Christi Baron Secretary | OfficerTrustee | 0 | $0 |
George Dhooghe Past Preside | OfficerTrustee | 0 | $0 |
Richard Halverson Vice Preside | OfficerTrustee | 0 | $0 |
Glenn King Board Member | Trustee | 0 | $0 |
Jo Marie Miller Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,599 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,261 |
| Noncash contributions included in lines 1a–1f | $6,599 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,870 |
| Total Program Service Revenue | $27,020 |
| Investment income | $3,050 |
| 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 | $3,964 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $86,904 |
| 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 | $21,997 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,501 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,136 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,104 |
| Advertising and promotion | $6,705 |
| Office expenses | $2,210 |
| Information technology | $1,755 |
| Royalties | $0 |
| Occupancy | $12,844 |
| Travel | $384 |
| 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 | $13,537 |
| Insurance | $4,045 |
| All other expenses | $20 |
| Total functional expenses | $74,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,270 |
| Savings and temporary cash investments | $202,606 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $43,208 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,296 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $397,846 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,071 |
| Total assets | $832,297 |
| Accounts payable and accrued expenses | $674 |
| 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 | $674 |
| Net assets without donor restrictions | $598,855 |
| Net assets with donor restrictions | $232,768 |
| 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 | $832,297 |