Leif Erikson Building Association
- Assets
- $572.0k
- Revenue
- $119.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Seattle, WA
- Founding
- 02/1989
- Data as of
- 12/2021
- EIN
- 91-1298322
Organization Overview
Leif Erikson Building Association is located in Seattle, WA. The organization was established in 1989. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leif Erikson Building Association is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2021, Leif Erikson Building Association generated $119.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $123.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. 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
FOR THE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES TO AN ORGANIZATION WHICH ITSELF IS TAX-EXEMPT UNDER THIS SECTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENT FOR USE OF PROPERTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Nilsen Treasurer | Officer | 1 | $1,200 |
Ryan Bornemeier V.president | Officer | 1 | $0 |
Victoria Sangrey Hunter Secretary | Officer | 1 | $0 |
Ozzie Kvithammer President | Officer | 1 | $0 |
Daniel Baines Trustee | Trustee | 1 | $0 |
Laurie Lund-Gonzales Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $9,635 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,492 |
| Total Program Service Revenue | $69,193 |
| Investment income | $487 |
| 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 | $119,172 |
| 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. | $1,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,403 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $580 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,641 |
| 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 | $6,536 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $86,037 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,291 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,889 |
| Insurance | $279 |
| All other expenses | $0 |
| Total functional expenses | $123,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,545 |
| Savings and temporary cash investments | $88,119 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $442,361 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $572,025 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $572,025 |
| Total liabilities and net assets/fund balances | $572,025 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rvc Seattle Seattle, WA | $11,686,112 | $11,594,760 |
Washington State Association Of Counties Olympia, WA | $1,605,075 | $3,655,336 |
Mechanical Contractors Association Of Western Washington Seattle, WA | $6,047,477 | $3,511,885 |
Oregon Society Of Certified Public Accountants Beaverton, OR | $4,261,945 | $3,002,027 |
Washington State Mcdonalds Operators Association Olympia, WA | $1,377,913 | $1,921,125 |
Inland Northwest Agc Spokane, WA | $2,459,157 | $1,626,283 |
Pacific Seafood Processors Assn Seattle, WA | $1,149,041 | $1,628,443 |
American Expoloration & Mining Association Spokane Valley, WA | $1,135,229 | $1,580,288 |
Master Builders Of Pierce County Tacoma, WA | $2,383,339 | $1,358,363 |
Washington Retail Association Olympia, WA | $2,074,441 | $1,218,746 |
Oregon Pacific-Cascade Chapter National Electrical Contractors As Springfield, OR | $4,914,268 | $1,411,819 |
Washington Association Of Building Officials Olympia, WA | $1,681,907 | $934,108 |