Kitsap Applied Technologies

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EIN 91-1270463 Public charity (501(c)(3)) Bremerton, WA NTEE J30
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$555K
FY2024▼ -14%
Expenses
$650K
FY2024▲ +3%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Helps disabled veterans and adults with developmental disabilities find jobs. For fiscal year 2024 it reported $555K in revenue, $650K in expenses, and $272K in net assets.Pt I

Founded
1984
Type
Public charity (501(c)(3)) · Employment
Location
Bremerton, WA
Website
www.katkitsap.org
Filings
5 on file (2020–2024)
Revenue
$555KFY2024
Expenses
$650K
Net assets
$272K
People
7
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Size
$100K–1M
What they do
Helps disabled veterans and adults with developmental disabilities find jobs.
Leadership
Mark Jones · Executive Director · $77K
Money in and out
$555K revenue, $650K expenses
Bottom line
92% program efficiency
Where the money goes · FY2024
Total revenue
$555K
Pt VIII · Ln 12
Total expenses
$650K
Pt IX · Ln 25
Net assets
$272K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$95K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
6.3mo
months of highly liquid reserves at operating expense rate▼ -10% vs prior filing year
Surplus margin
-17%
revenue over expenses, this year▼ -951% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$487K
FY2024▼ -10%
Total liabilities
$215K
FY2024▲ +12%
Revenue less expensesPt I · Ln 19−$95K
Total assetsPt X · Ln 16$487K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CKitsap Applied Technologies
EINHdr · item D91-1270463
Principal addressHdr · item CBremerton, WA
WebsiteHdr · item Jwww.katkitsap.org
Year of formationHdr · item L1984
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J30)
Ruling yearIRS BMFMar 1985

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$76,858Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Mark Jones’s $77K as Executive Director is at the 69th percentile of top reported officer pay among 1216 $100K–1M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Mark Jones$76,858$64,755$65,673$51,796$59,758$60,758

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $601K of program spending, described in the organization's own filed words · FY2024.
01

See schedule o

$601Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$531K · 96%
Contributions & grants$17K · 3%
Investment income$7K · 1%
Program service revenue96%$531K
Contributions & grants3%$17K
Investment income1%$7K
— government grantsLn 1e$16K
Total revenueLn 12$555K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$601K
Management & general8%$49K
Total functional expensesLn 25$650K

Balance Sheet

Part X · end of year
CashLn 1$342K
Total assetsLn 16$487K
Total liabilitiesLn 26$215K
Total net assetsLn 32$272K
Months of cash on handcomputed6.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $342K · Operating expenses/yr $650K
6.3 months
Where the money goes
Program services
Program services $601K · Total expenses $650K
92%
Management & General
Management & general $49K · Total expenses $650K
8%
Fundraising
Fundraising $0 · Total expenses $650K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $2K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $17K · Total revenue $555K
3%
Government reliance
Government grants $16K · Total revenue $555K
3%
Earned-income share
Program service revenue $531K · Total revenue $555K
96%
Investment reliance
Investment income $7K · Total revenue $555K
+1%
Program self-sufficiency
Program service revenue $531K · Total expenses $650K
82%
Growth & trend
Revenue growth (YoY)
This year $555K · Prior year $645K
-14%
Revenue CAGR
FY2019 $359K · FY2024 $555K
+9%
Net-asset trend (YoY)
End of year $272K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $555K · Expenses $650K
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $487K
—
Net-asset ratio
Net assets $272K · Total assets $487K
56%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $487K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mark Jones · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $77K · Total expenses $650K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $414K · Total expenses $650K
64%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%——
Overhead ratio 8%——
Revenue growth -14%——

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$645K revenue · ⤓ 990 PDF
FY2023$772K revenue · ⤓ 990 PDF
FY2022$429K revenue · ⤓ 990 PDF
FY2021$389K revenue · ⤓ 990 PDF
FY2020$359K 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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