Visit Kitsap Peninsula FY2022 filing

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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.

60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2022 · 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
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$24K
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$532K
+52% vs prior year
Spent
$524K
To programs
60%
Net assets
$91K
By yearFY2020–FY2024
Revenue
$532K
FY2022▲ +52%
Tap a bar for its year
Revenue by fiscal year
FY2020$524K
FY2021$349K
FY2022$532K
FY2023$503K
FY2024$503K
Expenses
$524K
FY2022▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2020$475K
FY2021$396K
FY2022$524K
FY2023$492K
FY2024$499K
Net assets
$91K
FY2022▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$103K
FY2021$83K
FY2022$91K
FY2023$102K
FY2024$106K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

60 cents of each dollar spent went to programs.

Program services 60% · $312K Management & general 6% · $30K Fundraising 17% · $90K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Excutive Dir
$0Pt VII · Sec A
President
$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 2No
  • 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.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

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.

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 FY2022 990, line by line.

1The main four
Money inPt VIII
$532K
Ln 12
Gifts and grantsLn 1h$532K
Money outPt IX
$524K
Ln 25
Programscol B$312K
Managementcol C$30K
Fundraisingcol D$90K
Owns and owesPt X
$91K
net assets · Ln 32
Cash and savingsLn 1–2$58K
Total assetsLn 16$115K
LiabilitiesLn 26$24K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$532K
Government grantsLn 1e$422K
Total revenueLn 12$532K
Assets in detailPt X, end of year
CashLn 1$58K
Cash and savings togetherLn 1–2$58K
Land, buildings, equipmentLn 10c$1K
Other assetsLn 15$1K
Total assetsLn 16$115K
LiabilitiesLn 26$24K
Net assetsLn 32$91K
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 FY22End FY22
Cash and savingsLn 1–2$61K$58K
Land, buildings, equipmentLn 10c$2K$1K
Total assetsLn 16$91K$115K
LiabilitiesLn 26$8K$24K
Net assetsLn 32$83K$91K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7K$7K
Pay of current officers, directors and key staffLn 5$91K
Other salaries and wagesLn 7$60K$48K$6K$6K
Other employee benefitsLn 9$18K$14K$2K$2K
Payroll taxesLn 10$16K$13K$2K$2K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$257K$192K$64K
Office expensesLn 13$7K$2K$3K$2K
OccupancyLn 16$22K$17K$2K$2K
TravelLn 17$14K$11K$4K
Depreciation, depletion and amortizationLn 22$509$509
InsuranceLn 23$2K$573$1K$573
Other expenses (24a–d)Ln 24$11K$6K$4K$2K
All other expensesLn 24e$259$259
Total functional expensesLn 25$524K$312K$30K$90K

Filing history

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

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $531,571 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $349,238$531,571
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $349,238$531,571
I-13 Grants and similar amounts paidPrior year $2,654$7,379
I-14 Benefits paid to membersPrior year $400$0
I-15 Salaries and benefitsPrior year $135,350$185,779
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $257,952$330,459
I-18 Total expensesPrior year $396,356$523,617
I-19 Revenue less expensesPrior year −$47,118$7,954
Part VI · Governance 9 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $531,571 across 4 lines filed
VIII-1e Government grants$422,450
VIII-1f All other contributions, gifts and grants$109,121
VIII-1h Total contributions, gifts and grants$531,571
VIII-12 Total revenue$531,571
Part IX · Statement of functional expenses $523,617 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $7,379$7,379
IX-5 Pay of current officers, directors and key staff$91,396
IX-7 Other salaries and wagesPrograms $48,290 · Management $6,036 · Fundraising $6,036$60,362
IX-9 Other employee benefitsPrograms $14,283 · Management $1,785 · Fundraising $1,785$17,853
IX-10 Payroll taxesPrograms $12,914 · Management $1,627 · Fundraising $1,627$16,168
IX-11b Legal feesManagement $2,137$2,137
IX-11c Accounting feesManagement $7,855$7,855
IX-11g Other fees for servicesFundraising $6,360$6,360
IX-12 Advertising and promotionPrograms $192,464 · Fundraising $64,154$256,618
IX-13 Office expensesPrograms $1,740 · Management $3,479 · Fundraising $1,740$6,959
IX-16 OccupancyPrograms $17,368 · Management $2,171 · Fundraising $2,171$21,710
IX-17 TravelPrograms $10,790 · Fundraising $3,597$14,387
IX-22 Depreciation, depletion and amortizationPrograms $509$509
IX-23 InsurancePrograms $573 · Management $1,148 · Fundraising $573$2,294
IX-24 Other expenses (24a–d)Programs $5,564 · Management $3,753 · Fundraising $2,054$11,371
IX-24e All other expensesPrograms $259$259
IX-25 Total functional expensesPrograms $312,133 · Management $29,991 · Fundraising $90,097$523,617
Part X · Balance sheet $115,299 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $60,942$58,208
X-4 Accounts receivableStart of year $24,250$54,769
X-10c Land, buildings and equipment, netStart of year $1,781$1,272
X-15 Other assetsStart of year $4,217$1,050
X-16 Total assetsStart of year $91,190$115,299
X-17 Accounts payable and accrued expensesStart of year $7,454$24,083
X-24 Unsecured notes and loans payableStart of year $838$364
X-26 Total liabilitiesStart of year $8,292$24,447
X-32 Total net assets or fund balancesStart of year $82,898$90,852
X-33 Total liabilities and net assetsStart of year $91,190$115,299
Part XI · Reconciliation of net assets $90,852 net assets at year end
XI-1 Total revenue$531,571
XI-2 Total expenses$523,617
XI-3 Revenue less expenses$7,954
XI-4 Net assets at start of year$82,898
XI-10 Net assets at end of year$90,852

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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