West Coast Lumber Inspection Bureau
- Assets
- $2.3m
- Revenue
- $2.4m
- Investments
- $1.5m
- Employees
- 19
- Location
- Portland, OR
- Founding
- Data as of
- 12/2017
- EIN
- 93-6049581
Organization Overview
West Coast Lumber Inspection Bureau is located in Portland, OR. As of 12/2017, West Coast Lumber Inspection Bureau employed 19 individuals. West Coast Lumber Inspection Bureau 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 12/2017, West Coast Lumber Inspection Bureau generated $2.4m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $2.2m during the year ending 12/2017. While expenses have increased by 1.4% per year over the past 2 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMULGATE AND PUBLICIZE THE RULES AND REGULATIONS THAT GOVERN AND DEFINE LUMBER GRADES AND STANDARDS FOR MEMBERS AND NONMEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUMBER INSPECTION SERVICES AND GRADING RULES.
LUMBER INSPECTION SERVICES AND GRADING RULES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Lucas President | OfficerTrustee | 1 | $0 |
Kyle Freres Vice President | OfficerTrustee | 1 | $0 |
Jake Anderson Secretary/treasurer | OfficerTrustee | 1 | $0 |
Tom Barclay Director | Trustee | 1 | $0 |
Sam Bacogiannis Director | Trustee | 1 | $0 |
Mark Denner Director | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,286,856 |
| Investment income | $95,756 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,381,227 |
| 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. | $293,810 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $863,279 |
| Pension plan accruals and contributions | $16,772 |
| Other employee benefits | $176,136 |
| Payroll taxes | $103,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,925 |
| Fees for services: Accounting | $14,444 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,673 |
| Advertising and promotion | $350 |
| Office expenses | $80,852 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,961 |
| Travel | $361,138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,603 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,713 |
| Insurance | $39,837 |
| All other expenses | $0 |
| Total functional expenses | $2,245,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,176 |
| Savings and temporary cash investments | $211,588 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $370,743 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,835 |
| Prepaid expenses and deferred charges | $80,267 |
| Net Land, buildings, and equipment | $153,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,478,605 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,331,603 |
| Accounts payable and accrued expenses | $244,812 |
| 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 | $657,721 |
| Total liabilities | $902,533 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $1,854,270 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,429,070 |