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Tongass Timber Tr FY2020 filing

Not tax-deductible

Mukilteo, WAMutual-benefit / member-servingEIN 92-0062073Revenue $5.0M in FY2020

On file with the IRSPo Box 6, 98275-0006 · Mukilteo, WATax-exempt since Aug 1977

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A welfare benefit plan for members of the Timber industry in the state of alaska.

$26K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
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
5 of 5
filings with a surplus
Average surplus $338K a year · 6% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$26K
to officers and key staff · 0.5% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$187K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.0M
Spent
$5.0M
Net assets
$5.1M
By yearFY2020–FY2024
Revenue
$5.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5.0M
FY2021$5.8M
FY2022$5.4M
FY2023$5.5M
FY2024$5.5M
Expenses
$5.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$5.0M
FY2021$5.2M
FY2022$4.9M
FY2023$5.0M
FY2024$5.3M
Net assets
$5.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.1M
FY2021$5.7M
FY2022$5.9M
FY2023$6.4M
FY2024$6.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
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 Aug 1977.

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

Who runs it and what they're paid

5 people listed on the 990; $26K paid to officers and key staff.

Part VII, Section A · reportable compensation
Owen Graham
Trust Administrator
$25,597Pt VII · Sec A
Keaton Gildersleeve
Chairman of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Owen Graham$32,500$23,428$35,634$19,999$25,597

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.

See Tongass Timber Tr 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

Provides welfare benefits to Alaska's timber industry members.

Questions for Tongass Timber Tr

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Provided by the organization

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1 program · in their own filed words · FY2020
01

The plan has served as a welfare benefit plan holding company for the timber industry of alaska.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$5.0M
Ln 12
Fees for servicesLn 2g$5.0M
Investment incomeLn 3$48K
Money outPt IX
$5.0M
Ln 25
Owns and owesPt X
$5.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$5.3M
LiabilitiesLn 26$187K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.0M
Investment incomeLn 3$48K
Gains on assetsLn 7−$28K
Total revenueLn 12$5.0M
Assets in detailPt X, end of year
CashLn 1$2.0M
SavingsLn 2$200K
Cash and savings togetherLn 1–2$2.2M
InvestmentsLn 11–13$3.0M
Land, buildings, equipmentLn 10c$9K
Other assetsLn 15$13K
Total assetsLn 16$5.3M
LiabilitiesLn 26$187K
Net assetsLn 32$5.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$2.4M$2.2M
InvestmentsLn 11–13$2.2M$3.0M
Land, buildings, equipmentLn 10c$11K$9K
Total assetsLn 16$5.1M$5.3M
LiabilitiesLn 26$548K$187K
Net assetsLn 32$4.6M$5.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$4.2M
Pay of current officers, directors and key staffLn 5$26K
Other salaries and wagesLn 7$166K
Pension plan contributionsLn 8$7K
Other employee benefitsLn 9$66K
Payroll taxesLn 10$32K
Management feesLn 11a$50K
Legal feesLn 11b$71K
Accounting feesLn 11c$62K
Investment management feesLn 11f$28K
Other fees for servicesLn 11g$137K
Office expensesLn 13$19K
Information technologyLn 14$19K
OccupancyLn 16$28K
Conferences, conventions and meetingsLn 19$4K
Depreciation, depletion and amortizationLn 22$3K
InsuranceLn 23$55K
Other expenses (24a–d)Ln 24$38K
Total functional expensesLn 25$5.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.5M$5.3M$139K$6.6M 990 PDF
FY2023 $5.5M$5.0M$438K$6.4M 990 PDF
FY2022 $5.4M$4.9M$461K$5.9M 990 PDF
FY2021 $5.8M$5.2M$581K$5.7M 990 PDF
FY2020 Viewing $5.0M$5.0M$71K$5.1M 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 $5,045,926 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $6,380,799$4,997,710
I-10 Investment incomePrior year $116,175$48,216
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $6,496,974$5,045,926
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $4,742,785$4,165,089
I-15 Salaries and benefitsPrior year $219,392$296,510
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $346,715$512,977
I-18 Total expensesPrior year $5,308,892$4,974,576
I-19 Revenue less expensesPrior year $1,188,082$71,350
Part VI · Governance 0 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $5,045,926 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,997,710$4,997,710
VIII-3 Investment incomeExcluded from tax $76,408$76,408
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$28,192−$28,192
VIII-12 Total revenueRelated to mission $4,997,710 · Unrelated business $0 · Excluded from tax $48,216$5,045,926
Part IX · Statement of functional expenses $4,974,576 across 18 lines filed
IX-4 Benefits paid to or for members$4,165,089
IX-5 Pay of current officers, directors and key staff$25,597
IX-7 Other salaries and wages$166,459
IX-8 Pension plan contributions$7,144
IX-9 Other employee benefits$65,742
IX-10 Payroll taxes$31,568
IX-11a Management fees$49,880
IX-11b Legal fees$71,001
IX-11c Accounting fees$61,781
IX-11f Investment management fees$27,987
IX-11g Other fees for services$137,449
IX-13 Office expenses$18,776
IX-14 Information technology$18,647
IX-16 Occupancy$28,035
IX-19 Conferences, conventions and meetings$4,293
IX-22 Depreciation, depletion and amortization$2,604
IX-23 Insurance$54,635
IX-24 Other expenses (24a–d)$37,889
IX-25 Total functional expenses$4,974,576
Part X · Balance sheet $5,266,620 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $2,397,578$1,975,584
X-2 Savings and temporary cash investmentsStart of year $0$200,000
X-4 Accounts receivableStart of year $0$31,568
X-9 Prepaid expenses and deferred chargesStart of year $271,412$13,276
X-10c Land, buildings and equipment, netStart of year $10,859$9,370
X-11 Publicly traded securitiesStart of year $2,218,098$3,023,519
X-12 Other securitiesStart of year $15,627$0
X-15 Other assetsStart of year $200,000$13,303
X-16 Total assetsStart of year $5,113,574$5,266,620
X-17 Accounts payable and accrued expensesStart of year $108,009$12,499
X-19 Deferred revenueStart of year $2,066$150,680
X-25 Other liabilitiesStart of year $438,000$24,084
X-26 Total liabilitiesStart of year $548,075$187,263
X-27 Net assets without donor restrictionsStart of year $4,565,499$5,079,357
X-32 Total net assets or fund balancesStart of year $4,565,499$5,079,357
X-33 Total liabilities and net assetsStart of year $5,113,574$5,266,620
Part XI · Reconciliation of net assets $5,079,357 net assets at year end
XI-1 Total revenue$5,045,926
XI-2 Total expenses$4,974,576
XI-3 Revenue less expenses$71,350
XI-4 Net assets at start of year$4,565,499
XI-5 Net unrealized gains (losses) on investments$28,592
XI-9 Other changes in net assets$413,916
XI-10 Net assets at end of year$5,079,357

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

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