Visit Kitsap Peninsula FY2023 filing

Not tax-deductible

Bremerton, WA501(c)(6)EIN 91-1146544Revenue $503K in FY2023

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.

73¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · 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
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$503K
-5% vs prior year
Spent
$492K
To programs
73%
Net assets
$102K
By yearFY2020–FY2024
Revenue
$503K
FY2023▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$524K
FY2021$349K
FY2022$532K
FY2023$503K
FY2024$503K
Expenses
$492K
FY2023▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$475K
FY2021$396K
FY2022$524K
FY2023$492K
FY2024$499K
Net assets
$102K
FY2023▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$103K
FY2021$83K
FY2022$91K
FY2023$102K
FY2024$106K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

73 cents of each dollar spent went to programs.

Program services 73% · $361K Management & general 10% · $47K Fundraising 17% · $84K

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
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Excutive Dir
$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.

Questions for Visit Kitsap Peninsula

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Provided by the organization

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1 program · in their own filed words · FY2023
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 FY2023 990, line by line.

1The main four
Money inPt VIII
$503K
Ln 12
Gifts and grantsLn 1h$503K
Money outPt IX
$492K
Ln 25
Programscol B$361K
Managementcol C$47K
Fundraisingcol D$84K
Owns and owesPt X
$102K
net assets · Ln 32
Cash and savingsLn 1–2$14K
Total assetsLn 16$109K
LiabilitiesLn 26$7K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$503K
Government grantsLn 1e$481K
Total revenueLn 12$503K
Assets in detailPt X, end of year
CashLn 1$14K
Cash and savings togetherLn 1–2$14K
Land, buildings, equipmentLn 10c$804
Other assetsLn 15$56K
Total assetsLn 16$109K
LiabilitiesLn 26$7K
Net assetsLn 32$102K
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 FY23End FY23
Cash and savingsLn 1–2$58K$14K
Land, buildings, equipmentLn 10c$1K$804
Total assetsLn 16$115K$109K
LiabilitiesLn 26$24K$7K
Net assetsLn 32$91K$102K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7K$7K
Grants to domestic individualsLn 2$500$500
Other salaries and wagesLn 7$139K$111K$14K$14K
Other employee benefitsLn 9$21K$17K$2K$2K
Payroll taxesLn 10$16K$13K$2K$2K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$197$197
Advertising and promotionLn 12$230K$172K$57K
Office expensesLn 13$9K$2K$4K$2K
OccupancyLn 16$41K$33K$4K$4K
Depreciation, depletion and amortizationLn 22$468$468
InsuranceLn 23$2K$566$1K$566
Other expenses (24a–d)Ln 24$11K$4K$5K$2K
All other expensesLn 24e$431$25$406
Total functional expensesLn 25$492K$361K$47K$84K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $503K$499K$4K$106K 990 PDF
FY2023 Viewing $503K$492K$11K$102K 990 PDF
FY2022 $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $502,882 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $531,571$502,882
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $531,571$502,882
I-13 Grants and similar amounts paidPrior year $7,379$7,285
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $185,779$176,449
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $330,459$307,817
I-18 Total expensesPrior year $523,617$491,551
I-19 Revenue less expensesPrior year $7,954$11,331
Part VI · Governance 4 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
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 $502,882 across 5 lines filed
VIII-1b Membership dues$599
VIII-1e Government grants$480,547
VIII-1f All other contributions, gifts and grants$21,736
VIII-1h Total contributions, gifts and grants$502,882
VIII-12 Total revenue$502,882
Part IX · Statement of functional expenses $491,551 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $6,785$6,785
IX-2 Grants to domestic individualsPrograms $500$500
IX-7 Other salaries and wagesPrograms $111,040 · Management $13,880 · Fundraising $13,880$138,800
IX-9 Other employee benefitsPrograms $16,924 · Management $2,116 · Fundraising $2,115$21,155
IX-10 Payroll taxesPrograms $13,195 · Management $1,650 · Fundraising $1,649$16,494
IX-11b Legal feesManagement $6,574$6,574
IX-11c Accounting feesManagement $7,385$7,385
IX-11g Other fees for servicesManagement $197$197
IX-12 Advertising and promotionPrograms $172,239 · Fundraising $57,413$229,652
IX-13 Office expensesPrograms $2,250 · Management $4,499 · Fundraising $2,249$8,998
IX-16 OccupancyPrograms $32,911 · Management $4,114 · Fundraising $4,113$41,138
IX-22 Depreciation, depletion and amortizationPrograms $468$468
IX-23 InsurancePrograms $566 · Management $1,132 · Fundraising $566$2,264
IX-24 Other expenses (24a–d)Programs $3,759 · Management $5,185 · Fundraising $1,766$10,710
IX-24e All other expensesManagement $25 · Fundraising $406$431
IX-25 Total functional expensesPrograms $360,637 · Management $46,757 · Fundraising $84,157$491,551
Part X · Balance sheet $108,899 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $58,208$14,213
X-4 Accounts receivableStart of year $54,769$37,728
X-10c Land, buildings and equipment, netStart of year $1,272$804
X-15 Other assetsStart of year $1,050$56,154
X-16 Total assetsStart of year $115,299$108,899
X-17 Accounts payable and accrued expensesStart of year $24,083$2,604
X-25 Other liabilities$4,112
X-26 Total liabilitiesStart of year $24,447$6,716
X-32 Total net assets or fund balancesStart of year $90,852$102,183
X-33 Total liabilities and net assetsStart of year $115,299$108,899
Part XI · Reconciliation of net assets $102,183 net assets at year end
XI-1 Total revenue$502,882
XI-2 Total expenses$491,551
XI-3 Revenue less expenses$11,331
XI-4 Net assets at start of year$90,852
XI-10 Net assets at end of year$102,183

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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