Civic Intelligence

Forks Timber Museum

990 • Fiscal year 2022 • EIN 91-1223946

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

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

34th percentile

0.00x

Higher debt load relative to assets than 34% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

41st percentile

0.01x

Higher debt load relative to revenue than 41% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

62nd percentile

14%

Higher net margin than 62% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

55th percentile

$6,492

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

49th percentile

1.5%

Faster asset growth than 49% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-56%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$832,297

Up $12,326 (+1.5%) from 2021

Net Assets

Up

$831,623

Up $11,989 (+1.5%) from 2021

Liabilities

Up

$674

Up $337 (+100%) from 2021

Revenue

Down

$86,904

Down $109,235 (-56%) from 2021

Expenses

Down

$74,915

Down $4,427 (-5.6%) from 2021

Net Income

Down

$11,989

Down $104,808 (-90%) from 2021

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

2022

Assets$832,297
Liabilities$674
Net Assets$831,623

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

2022

Revenue$86,904
Expenses$74,915
Net Income$11,989
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$88,318
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$409,059$397,846▼ $11,213
Savings and Temporary Cash Investments$191,050$202,606▲ $11,556
Cash and Non-Interest-Bearing Accounts$135,102$163,270▲ $28,168
Receivables From Officers Etc$59,154$43,208▼ $15,946
Inventories for Sale or Use$14,536$14,296▼ $240
Total Assets$819,971$832,297▲ $12,326
Other Assets Total$11,070$11,071▲ $1
Liabilities
Accounts Payable and Accrued Expenses$337$674▲ $337
Total Liabilities$337$674▲ $337
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$587,682$598,855▲ $11,173
Net Assets With Donor Restrictions$231,952$232,768▲ $816
Total Net Assets Fund Balance$819,634$831,623▲ $11,989
Total Liabilities and Net Assets / Fund Balance$819,971$832,297▲ $12,326

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$372,896$15,617$388,513
Other Land Buildings$21,287$1,510$22,797
Equipment$3,663$13,706$17,369

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$231,952-▲ $2,256$1,440$232,768
2021$229,496-▲ $4,316$1,860$231,952
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
Compensation and Service Providers

Employees

NameTitleBaseTotal
Linda OffuttDirector$6,492$6,492

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$52,870
Program Service Revenue
$27,020
Investment Income
$3,050
Other Revenue
$3,964
All Other Contributions
$16,261
Change in Net Assets
$11,989
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50,417
Salaries, Compensation, and Employee Benefits$24,498
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$21,997--$21,997
Depreciation Depletion$13,537--$13,537
Occupancy$12,844--$12,844
Advertising$6,705--$6,705
Insurance-$4,045-$4,045
Fees for Services Accounting-$3,136-$3,136
Fees for Services Other$3,104--$3,104
Payroll Taxes$2,501--$2,501
Office Expenses-$2,210-$2,210
Information Technology-$1,755-$1,755
Travel-$384-$384
Other Expenses$66$462-$66
All Other Expenses$20--$20
Total Functional Expenses$62,266$12,649$0$74,915
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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$59,154$43,208▼ $15,946
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

Linda offutt joe offutt board member board member 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
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Rosmond
Formed
1984
Legal Domicile
Wa
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
8

Preparer

Firm
Tessa Hurn CPA LLC
Address
PO BOX 95, FORKS, WA 98331
Preparer
Tessa Hurn
Phone
3606401843
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Capital improvements for timber museum

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt026333
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt04053
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt023905
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt026544
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0113233
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05364
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt07413
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt09254
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt07908
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt032989
IRS990ScheduleA/InvestmentIncomeCYPct00.06000
IRS990ScheduleA/InvestmentIncomePYPct00.07000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.93970
IRS990ScheduleA/PublicSupportPY509Pct00.92720
IRS990ScheduleA/PublicSupportTotal509Amt0514511
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt085268
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0193489
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt042184
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt084155
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0109415
IRS990ScheduleA/Total509Grp/TotalAmt0514511
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt088318
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0198853
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt049597
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt093409
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0117323
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0547500
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/AssetsIncludedAmt011071
IRS990ScheduleD/BuildingsGrp/BookValueAmt0372896
IRS990ScheduleD/BuildingsGrp/DepreciationAmt015617
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0388513
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0231952
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0232768
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02256
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt01440
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0229496
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0231952
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04316
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt01860
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0412008
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0229496
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04753
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0187265
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0411170
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0412008
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05962
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt05124
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0411124
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0411170
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05677
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt05631
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt03663
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013706
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017369
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt021287
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01510
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt022797
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CAPITAL IMPROVEMENTS FOR TIMBER MUSEUM
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0397846
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt030162
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt113046
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OBTAIN HIGHER INTEREST
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1OBTAIN INTEREST AFTER CD MATURITY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0100000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt150000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0OLYMPIC EVERGREENS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1OLYMPIC EVERGREENS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PAST PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/TotalBalanceDueAmt043208
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINDA OFFUTT JOE OFFUTT BOARD MEMBER BOARD MEMBER 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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0819971
IRS990/TotalAssetsEOYAmt0832297
IRS990/TotalAssetsGrp/BOYAmt0819971
IRS990/TotalAssetsGrp/EOYAmt0832297
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt052870
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012649
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt062266
IRS990/TotalFunctionalExpensesGrp/TotalAmt074915

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