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Kbo Crab Cooperative EIN 20-3109607

Kbo Crab Cooperative

EIN  20-3109607 Mutual-benefit / member-serving Bothell, WA
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Size
<$100K
What they do
Collects dues to manage and allocate collective fishing quotas.
Leadership
Louie Lowenberg · President
Money in and out
$49K revenue, $25K expenses
Bottom line
+48% surplus margin

Collects dues to manage and allocate collective fishing quotas. For fiscal year 2024 it reported $49K in revenue, $25K in expenses, and $41K in net assets.Pt I

Reported financial activity · FY2024
Total revenue
$49K
Pt VIII · Ln 12
Total expenses
$25K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $24K
Where spending went · Part IX cols B–D
Program services $1.00
Surplus margin
+48%
revenue over expenses, this year▲ +329% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$49K
FY20240%
Expenses
$25K
FY2024▼ -69%
Total assets
$757K
FY2024▼ -88%
Total liabilities
$716K
FY2024▼ -88%
Total revenue
$49K
Pt VIII · Ln 12
Total expenses
$25K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$24K
Total assetsPt X · Ln 16$757K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $25K of program spending, described in the organization's own filed words · FY2024.
01

Allocation of collective fishing quotas

$25Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKbo Crab Cooperative
EINHdr · item D20-3109607
Principal addressHdr · item CBothell, WA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(5) · active
NTEE classificationIRS BMFFood & Agriculture (K20)
Ruling yearIRS BMFMar 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Mark Casto
Vice President
$0Pt VII · Sec A
Jim Stone
Secre/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jon Forsythe
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$46K · 94%
Investment income$3K · 6%
Program service revenue94%$46K
Investment income6%$3K
Total revenueLn 12$49K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$25K
Total functional expensesLn 25$25K

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$757K
Total liabilitiesLn 26$716K
Total net assetsLn 32$41K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $25K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $0 · Total expenses $25K
not reported
Management & General
Management & general $0 · Total expenses $25K
not reported
Fundraising
Fundraising $0 · Total expenses $25K
not reported
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $49K
0%
Government reliance
Government grants — · Total revenue $49K
—
Earned-income share
Program service revenue $46K · Total revenue $49K
94%
Investment reliance
Investment income $3K · Total revenue $49K
+6%
Program self-sufficiency
Program service revenue $46K · Total expenses $25K
182%
Growth & trend
Revenue growth (YoY)
This year $49K · Prior year $49K
0%
Revenue CAGR
FY2020 $98K · FY2024 $49K
-16%
Net-asset trend (YoY)
End of year $41K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $49K · Expenses $25K
+48%
Liabilities-to-Assets
Total liabilities — · Total assets $757K
—
Net-asset ratio
Net assets $41K · Total assets $757K
5%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $757K
0%
People & payroll
Highest Reported Total Compensation
Individual Louie Lowenberg · Reported title President · Highest reported compensation $0 · Total expenses $25K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $25K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Revenue growth 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$49K revenue · ⤓ 990 PDF
FY2023$39K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$98K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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