Visit Kitsap Peninsula FY2020 filing

Not tax-deductible

Bremerton, WA501(c)(6)EIN 91-1146544Revenue $524K in FY2020

On file with the IRSvisitkitsap.com705 Pacific Ave, 98337-1919 · Bremerton, WATax-exempt since Sep 1983

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To create positive economic growth and development on the Kitsap Peninsula by effectively marketing the area as a world-class visitor destination. Through effectively promoting and supporting tourism, the organization helps small businesses and promotes a better quality of life.

79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $5K a year · 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 11 voting members
Looks good: 12 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$524K
Spent
$475K
To programs
79%
Net assets
$103K
By yearFY2020–FY2024
Revenue
$524K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$524K
FY2021$349K
FY2022$532K
FY2023$503K
FY2024$503K
Expenses
$475K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$475K
FY2021$396K
FY2022$524K
FY2023$492K
FY2024$499K
Net assets
$103K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$103K
FY2021$83K
FY2022$91K
FY2023$102K
FY2024$106K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $375K Management & general 5% · $26K Fundraising 16% · $74K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Visit Kitsap Peninsula executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes Kitsap Peninsula as a top visitor destination, boosting local businesses and quality of life.

Questions for Visit Kitsap Peninsula

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Visit Kitsap Peninsula provides advertising and marketing of events in Kitsap County and cities within Kitsap County. This is accomplished primarily through the Visit Kitsap website and other social media apps, which provides visitors with information about activities, attractions, museums, festivals, fairs and other local events.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $14K · 2022–2023
Community SponsorshipFY2023$6,785
Community SponsorshipFY2022$7,379

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$524K
Ln 12
Fees for servicesLn 2g$494K
Gifts and grantsLn 1h$29K
Money outPt IX
$475K
Ln 25
Programscol B$375K
Managementcol C$26K
Fundraisingcol D$74K
Owns and owesPt X
$103K
net assets · Ln 32
Cash and savingsLn 1–2$48K
Total assetsLn 16$109K
LiabilitiesLn 26$6K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Fees for servicesLn 2g$494K
Gains on assetsLn 7$0
Total revenueLn 12$524K
Assets in detailPt X, end of year
CashLn 1$48K
SavingsLn 2$0
Cash and savings togetherLn 1–2$48K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$1K
Total assetsLn 16$109K
LiabilitiesLn 26$6K
Net assetsLn 32$103K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$37K$48K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$57K$109K
LiabilitiesLn 26$2K$6K
Net assetsLn 32$55K$103K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$45K$45K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$684$684
Pay of current officers, directors and key staffLn 5$123K$98K$12K$12K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$46K$37K$5K$5K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$17K$14K$2K$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$114$114
Advertising and promotionLn 12$189K$142K$47K
Office expensesLn 13$9K$9K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$549$412$137
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$715
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$34K$24K$7K$4K
All other expensesLn 24e$9K$4K$595$4K
Total functional expensesLn 25$475K$375K$26K$74K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $503K$499K$4K$106K 990 PDF
FY2023 $503K$492K$11K$102K 990 PDF
FY2022 $532K$524K$8K$91K 990 PDF
FY2021 $349K$396K−$47K$83K 990 PDF
FY2020 Viewing $524K$475K$48K$103K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $523,550 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,000$29,350
I-9 Program service revenuePrior year $471,918$494,200
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $496,918$523,550
I-13 Grants and similar amounts paid$44,810
I-14 Benefits paid to membersPrior year $1,316$684
I-15 Salaries and benefitsPrior year $128,670$185,928
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $377,095$244,002
I-18 Total expensesPrior year $507,081$475,424
I-19 Revenue less expensesPrior year −$10,163$48,126
Part VI · Governance 12 of 11 board members independent, 5 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $523,550 across 10 lines filed
VIII-1b Membership dues$27,350
VIII-1f All other contributions, gifts and grants$2,000
VIII-1h Total contributions, gifts and grants$29,350
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $494,200$494,200
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $494,200$523,550
Part IX · Statement of functional expenses $475,424 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $44,810$44,810
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for membersPrograms $684$684
IX-5 Pay of current officers, directors and key staffPrograms $98,154 · Management $12,269 · Fundraising $12,269$122,692
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $36,850 · Management $4,606 · Fundraising $4,607$46,063
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $13,739 · Management $1,717 · Fundraising $1,717$17,173
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $114$114
IX-12 Advertising and promotionPrograms $142,050 · Fundraising $47,350$189,400
IX-13 Office expensesPrograms $8,568$8,568
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $412 · Fundraising $137$549
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$715
IX-23 InsurancePrograms $1,677$1,677
IX-24 Other expenses (24a–d)Programs $23,544 · Management $6,545 · Fundraising $3,816$33,905
IX-24e All other expensesPrograms $4,263 · Management $595 · Fundraising $4,216$9,074
IX-25 Total functional expensesPrograms $374,865 · Management $25,732 · Fundraising $74,112$475,424
Part X · Balance sheet $108,778 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $36,856$48,301
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $15,985$56,933
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $3,209$2,494
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $1,050$1,050
X-16 Total assetsStart of year $57,100$108,778
X-17 Accounts payable and accrued expensesStart of year $1,701$2,022
X-25 Other liabilitiesStart of year $370$3,601
X-26 Total liabilitiesStart of year $2,071$5,623
X-32 Total net assets or fund balancesStart of year $55,029$103,155
X-33 Total liabilities and net assetsStart of year $57,100$108,778
Part XI · Reconciliation of net assets $103,155 net assets at year end
XI-1 Total revenue$523,550
XI-2 Total expenses$475,424
XI-3 Revenue less expenses$48,126
XI-4 Net assets at start of year$55,029
XI-10 Net assets at end of year$103,155

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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