Washington Surveying & Rating Bureau
- Assets
- $7.7m
- Revenue
- $10.0m
- Investments
- $20.0k
- Employees
- 57
- Location
- Renton, WA
- Founding
- 10/2002
- Data as of
- 12/2021
- EIN
- 74-3049163
Organization Overview
Washington Surveying & Rating Bureau is located in Renton, WA. The organization was established in 2002. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Washington Surveying & Rating Bureau employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Surveying & Rating Bureau is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Washington Surveying & Rating Bureau generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $8.6m during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FILING, LOSS COSTS, AND UNDERWRITING SERVICES TO SUBSCRIBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WASHINGTON SURVEYING & RATING BUREAU IS AN INDEPENDENT, AUTHORITATIVE RESOURCE FOR PROPERTY UNDERWRITING AND LOSS COST INFORMATION FOR THE INSURANCE INDUSTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl Newman President And CEO | OfficerTrustee | 35.5 | $346,437 |
Barbara Jo Hillyer Vice President And CFO | Officer | 32.5 | $279,465 |
Bryan Stanwood Vice President And COO | Officer | 37.5 | $255,806 |
Daniel Ander Risk Data & Analytics Manager | 37.5 | $212,123 | |
Cori Medrano VP & COO | 37.5 | $207,615 | |
Alexandra Bird VP Marketing & Customer Exper. | 37.5 | $154,572 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,010,619 |
| Investment income | $26,064 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,036,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,369,778 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,210,335 |
| Pension plan accruals and contributions | $246,757 |
| Other employee benefits | $800,219 |
| Payroll taxes | $368,432 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,802 |
| Fees for services: Accounting | $19,698 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $596,897 |
| Advertising and promotion | $0 |
| Office expenses | $147,154 |
| Information technology | $311,661 |
| Royalties | $0 |
| Occupancy | $209,819 |
| Travel | $140,981 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,727 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $64,753 |
| All other expenses | $0 |
| Total functional expenses | $8,617,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,184,299 |
| Savings and temporary cash investments | $2,993,639 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,513,155 |
| Investments—other securities | $20,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,711,093 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $7,711,093 |
| Total liabilities and net assets/fund balances | $7,711,093 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Processors Employees Trust Portland, OR | $10,788,893 | $16,907,062 |
San Diego City Employees Retiree Medical Trust Spokane, WA | $249,053,704 | $31,450,538 |
Washington Life And Disability Guaranty Association Shelton, WA | $17,623,213 | $10,170,457 |
Roofers-49 Welfare Fund Portland, OR | $18,594,666 | $10,766,232 |
Washington Surveying & Rating Bureau Renton, WA | $7,711,093 | $10,036,683 |
Paradigm Indemnity Corporation Corvallis, OR | $60,433,945 | $10,885,201 |
Hagadone Employee Benefit Trust Coeur Dalene, ID | $293,742 | $6,679,723 |
Apartment Employees Welfare Fund Seattle, WA | $5,477,744 | $6,534,681 |
Southwest Hide Employee Benefit Trust Boise, ID | $0 | $3,282,643 |
Enlighten Veba Hra Trust Eugene, OR | $17,038,960 | $3,841,939 |
Surplus Line Association Of Washington Seattle, WA | $8,316,069 | $1,817,824 |
All Alaska Longshore Vacation & Holiday Fund Portland, OR | $1,910,592 | $2,392,851 |