Masonry Institute of Washington
Nonprofit profile at a glance
- EIN
- 912074587
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024
- Location
- Seattle, WA, USA
- Phone
- 2065825072
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $409,158
- Expenses
- $505,844
- Assets
- $419,164
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Jed Olafson (President)
People named in this filing
- Garret Shafer (Board Member)
- Jed Olafson (President)
- Dav Dizard (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promote masontry construction; Provide ED & Tech Resources; Liason BTW general public, masonry design, constractors, and architects
What it reported doing in 2024
Masonry systems guide- NW Ed., hard copy & online, is the masonry industrys primary information resource to provide a standardized systems guide of best practices for masonry wall systems design and construction and the first to address the challenges of energy code requirements.
Operating model
- Revenue model
- Membership-supported. 94% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 14
- Transparency & Controls: 100
- Accountability: 88
- Sustainability: 34
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 16.8%; rating input score 17
- Program expense ratio: 13.6%; rating input score 14
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -23.6%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 0.83; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -46.4% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: -18.3% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -20.7% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 16.8% of revenue deployed · 13.6% of spending went to programs
- Governance: 4 of 4 board members independent · 5 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $69K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 17/100.
- High — Financial Efficiency: Program expense ratio scored 14/100.
- High — Sustainability: Operating margin scored 12/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.