Civic Intelligence

Forks Timber Museum

990 • Fiscal year 2020 • EIN 91-1223946

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 26, 2021

PO Box 873Forks, WA 98331

(360) 374-9663

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.00x

Higher debt load relative to assets than 27% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

28th percentile

0.00x

Higher debt load relative to revenue than 28% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

33rd percentile

-2.5%

Higher net margin than 33% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

33rd percentile

-0.2%

Faster asset growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

11th percentile

-47%

Faster revenue growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$702,866

Down $1,431 (-0.2%) from 2019

Net Assets

Down

$702,837

Down $1,229 (-0.2%) from 2019

Liabilities

Down

$29

Down $202 (-87%) from 2019

Revenue

Down

$48,665

Down $43,897 (-47%) from 2019

Expenses

Down

$49,894

Down $8,914 (-15%) from 2019

Net Income

Down

-$1,229

Down $34,983 (-104%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2015: $406,826Liabilities 2015: $1,600Net Assets 2015: $405,2262015Assets 2016: $588,379Liabilities 2016: $325Net Assets 2016: $588,0542016Assets 2017: $604,692Liabilities 2017: $504Net Assets 2017: $604,1882017Assets 2018: $670,569Liabilities 2018: $257Net Assets 2018: $670,3122018Assets 2019: $704,297Liabilities 2019: $231Net Assets 2019: $704,0662019Assets 2020: $702,866Liabilities 2020: $29Net Assets 2020: $702,8372020Assets 2021: $819,971Liabilities 2021: $337Net Assets 2021: $819,6342021Assets 2022: $832,297Liabilities 2022: $674Net Assets 2022: $831,6232022Assets 2023: $823,059Liabilities 2023: $790Net Assets 2023: $822,2692023Assets 2024: $830,315Liabilities 2024: $866Net Assets 2024: $829,4492024

Highlighted filing

2020

Assets$702,866
Liabilities$29
Net Assets$702,837

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2015: $279,757Expenses 2015: $37,499Net Income 2015: $242,2582015Revenue 2016: $243,309Expenses 2016: $59,247Net Income 2016: $184,0622016Revenue 2017: $65,639Expenses 2017: $49,505Net Income 2017: $16,1342017Revenue 2018: $115,619Expenses 2018: $49,495Net Income 2018: $66,1242018Revenue 2019: $92,562Expenses 2019: $58,808Net Income 2019: $33,7542019Revenue 2020: $48,665Expenses 2020: $49,894Net Income 2020: -$1,2292020Revenue 2021: $196,139Expenses 2021: $79,342Net Income 2021: $116,7972021Revenue 2022: $86,904Expenses 2022: $74,915Net Income 2022: $11,9892022Revenue 2023: $83,963Expenses 2023: $93,317Net Income 2023: -$9,3542023Revenue 2024: $90,642Expenses 2024: $83,462Net Income 2024: $7,1802024

Highlighted filing

2020

Revenue$48,665
Expenses$49,894
Net Income-$1,229
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 26, 2021
Return Version
2020v4.0
Gross Receipts
$49,597
Mission and Program Overview

Mission

Educate public about heritage of the olympic peninsula emphasizing timber industry and forestry

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$425,151$178,275▼ $246,876
Cash and Non-Interest-Bearing Accounts$90,296$75,803▼ $14,493
Receivables From Officers Etc$89,053$74,427▼ $14,626
Inventories for Sale or Use$14,806$14,646▼ $160
Land, Buildings, and Equipment, Net$10,060$7,515▼ $2,545
Total Assets$704,297$702,866▼ $1,431
Other Assets Total$74,931$352,200▲ $277,269
Liabilities
Accounts Payable and Accrued Expenses$231$29▼ $202
Total Liabilities$231$29▼ $202
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$292,058$473,341▲ $181,283
Net Assets With Donor Restrictions$412,008$229,496▼ $182,512
Total Net Assets Fund Balance$704,066$702,837▼ $1,229
Total Liabilities and Net Assets / Fund Balance$704,297$702,866▼ $1,431

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,986$4,058$9,044
Equipment$2,529$4,796$7,325
Other Assets Org$-1--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$412,008-▲ $4,753$187,265$229,496
2019$411,170-▲ $5,962$5,124$412,008
2018$411,124-▲ $5,677$5,631$411,170
2017$408,457-▲ $6,051$3,384$411,124
2016$229,142$185,944▲ $6,004$12,633$408,457
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tom RosmondPresident
Glenn KingBoard Member
Jo Marie MillerBoard Member
Joe OffuttBoard Member
George DhooghePast Preside
Christi BaronSecretary
Sandy SchierTreasurer
Richard HalversonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$38,131
Program Service Revenue
$1,263
Investment Income
$7,413
Other Revenue
$1,858
All Other Contributions
$23,703
Change in Net Assets
$-1,229
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$32,057
Salaries, Compensation, and Employee Benefits$17,837
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$15,633--$15,633
Occupancy$13,726--$13,726
Fees for Services Accounting-$4,084-$4,084
Insurance-$3,595-$3,595
Fees for Services Other$2,713$18-$2,731
Depreciation Depletion$2,545--$2,545
Payroll Taxes$2,204--$2,204
Advertising$2,002--$2,002
Office Expenses-$1,677-$1,677
Information Technology-$1,607-$1,607
Travel-$90-$90
Total Functional Expenses$38,823$11,071$0$49,894
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,180
Fundraising Direct Expenses$382
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$89,053$74,427▼ $14,626
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Joe offutt linda offutt board member museum mgr married

Form 990, Page 6, Part VI, Line 6

Approximately 200 members

Form 990, Page 6, Part VI, Line 7A

By payment of dues or memorial contributions

Form 990, Page 6, Part VI, Line 11B

Reviewed by board of directors

Form 990, Page 6, Part VI, Line 12C

Adopted policy adapted by forks chamber of commerce

Form 990, Page 6, Part VI, Line 19

Available at museum facility 1421 s forks ave, forks wa 98331

Filing and Contact Details

Filer

Filer Name
Forks Timber Museum
EIN
91-1223946
Phone
3603749663
Address
PO BOX 873, FORKS, WA 98331

Signing Officer

Name
Tom Rosmond
Title
President
Phone
3603749663
Signed
2021-07-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Rosmond
Formed
1984
Legal Domicile
Wa
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
8

Preparer

Firm
Baker Overby & Moore Inc
Address
PO BOX 269, FORKS, WA 98331
Preparer
Tessa Hurn
Phone
3603742275
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Capital improvements for timber museum

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IRS990ScheduleA/Total509Grp/TotalAmt0536675
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt066219
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0251510
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0578058
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0229496
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt04753
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0187265
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0411170
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0412008
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05962
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt05124
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0411124
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0411170
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05677
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt05631
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0408457
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06004
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt012633
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt02529
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04796
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0341130
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt111071
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2-1
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1COLLECTIONS PURCHASED
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ROUNDING
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04058
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09044
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CAPITAL IMPROVEMENTS FOR TIMBER MUSEUM
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0352200
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt1OLYMPIC EVERGREENS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine2Txt0GEORGE DHOOGHE
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OBTAIN HIGHER INTEREST
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1OBTAIN INTEREST AFTER CD MATURITY
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt150000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PAST PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1PRESIDENT
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IRS990ScheduleL/TotalBalanceDueAmt074427
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOE OFFUTT LINDA OFFUTT BOARD MEMBER MUSEUM MGR MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1APPROXIMATELY 200 MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BY PAYMENT OF DUES OR MEMORIAL CONTRIBUTIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEWED BY BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ADOPTED POLICY ADAPTED BY FORKS CHAMBER OF COMMERCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE AT MUSEUM FACILITY 1421 S FORKS AVE, FORKS WA 98331
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0704297
IRS990/TotalAssetsEOYAmt0702866
IRS990/TotalAssetsGrp/BOYAmt0704297
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IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalEmployeeCnt02
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011071
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt038823
IRS990/TotalFunctionalExpensesGrp/TotalAmt049894
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0231
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IRS990/TotalProgramServiceExpensesAmt038823
IRS990/TotalProgramServiceRevenueAmt01263
IRS990/TotalRevenueGrp/ExclusionAmt07413
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01323
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt048665
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0704297

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