Overview
What is Master Builders Association Of King And Snohomish Counties?
The Master Builders Association of King and Snohomish Counties is a long-established and prominent local homebuilders association, serving its members for over a century. With over 2,500 members in 2022, it boasts an impressive 88% retention rate. The association plays a crucial role in managing the State Labor and Industries Retrospective Rating Program, resulting in over $49 million in premiums and $15.8 million in refunds for participating employers. The MBAKS Health Insurance Trust, sponsored by the association for over 30 years, provides affordable health care coverage to over 32,000 participants. Recognizing the local industry's need for skilled trade professionals, the association launched the Emerging Professionals Program in 2022. Based on three core pillars - partnership with educational institutions, industry and government awareness, and member engagement with students - the initiative aims to foster a new generation of qualified trade professionals. In 2022, the association sponsored four NAHB student chapters, making it the sole local HBA in Washington State with any official chapters. The association is also committed to promoting and protecting the viability of the homebuilding industry through its Built Green program. The program has certified over 1,300 projects and 1,700 total units as Built Green, furthering its mission to contribute positively to the region and make it one of the best places in the world to live. The MBAKS strives to ensure everyone can access housing, making a positive impact through its advocacy, community, and philanthropic outreach efforts.
Official website here: www.mbaks.com
Is Master Builders Association Of King And Snohomish Counties legitimate?
Master Builders Association Of King And Snohomish Counties is a legitimate nonprofit organization registered as a 501(c)(6) entity. Master Builders Association Of King And Snohomish Counties submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $396,428
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,493,355
For more financial information, click here
Official website here: www.mbaks.com
What is the mission statement of Master Builders Association Of King And Snohomish Counties?
The Master Builders Association of King and Snohomish Counties strives to maintain the viability of the home building industry. Their mission is to position the Puget Sound region as one of the best places globally to live. They are committed to ensuring that housing is accessible to all individuals. This organization pledges to make a positive impact through advocacy, community, and philanthropic outreach efforts. They aim to remain the regional leader in residential and green building advancements, ensuring that everyone has access to a healthy and productive living space.
Official website here: www.mbaks.com
Who is the CEO of Master Builders Association Of King And Snohomish Counties?
Jeremy Hall is the President of Master Builders Association Of King And Snohomish Counties.
Official website here: www.mbaks.com
What is the revenue of Master Builders Association Of King And Snohomish Counties?
Master Builders Association Of King And Snohomish Counties's revenue in 2022 was $11,568,439.
Official website here: www.mbaks.com
Who are the executives of Master Builders Association Of King And Snohomish Counties and what are their salaries?
The average compensation at Master Builders Association Of King And Snohomish Counties during 2022 was $82,761. There are 47 employees and 400 volunteers at Master Builders Association Of King And Snohomish Counties.
Here are 21 key members and their salaries:
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- Compensation: $378,366
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- Compensation: $173,676
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- Compensation: $138,574
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- Other: $11,765
- Compensation: $132,166
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- Other: $14,584
Official website here: www.mbaks.com
Where can I find the form 990 for Master Builders Association Of King And Snohomish Counties?
Master Builders Association Of King And Snohomish Counties's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mbaks.com
Learn more at the official website: www.mbaks.com
Mission Statement of Master Builders Association Of King And Snohomish Counties
The Master Builders Association of King and Snohomish Counties is committed to promoting and safeguarding the viability of the home building industry. Their mission extends beyond this, aiming to ensure that the Puget Sound region remains one of the best places globally to live. This organization is dedicated to ensuring that housing is an attainable goal for all individuals. To achieve this, they pledge to make positive impacts through their advocacy, community, and philanthropic outreach efforts. In addition, they strive to be the regional leader in residential and green building advancements. Their ultimate goal is to ensure that everyone has access to a healthy and productive place to call home.
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Impact
October, 2024
The Master Builders Association of King and Snohomish Counties (MBAKS) plays a vital role in promoting and protecting the home building industry in the Puget Sound region. With over 110 years of service, MBAKS has established itself as the oldest and largest local home builders association in the United States, fostering a strong network of 2,506 members and achieving an impressive 88% retention rate.
One of the significant impacts of MBAKS is its administration of the state Labor and Industries retrospective rating program, which has successfully managed over $49 million in premiums and refunded $15.8 million to participating employers. This program provides crucial financial relief and ensures the sustainability of local businesses.
Additionally, MBAKS has been a pioneer in providing affordable health care coverage through its Health Insurance Trust, benefiting over 32,000 participants in King and Snohomish counties. This initiative underscores the association's commitment to the well-being of its members and their families.
Recognizing the need for skilled labor in the industry, MBAKS launched the Emerging Professionals Program in 2022. This initiative aims to cultivate the future workforce by partnering with local educational institutions, raising awareness across the industry and government, and facilitating meaningful engagement between members and trade students. This program supports the growth of qualified trade professionals and has led to the sponsorship of four National Association of Home Builders (NAHB) student chapters, making MBAKS the only local home builders association in Washington State with such presence.
Moreover, MBAKS promotes sustainable building practices through its Built Green program, which has certified over 1,300 projects, leading to more than 1,700 total units constructed with environmentally friendly practices.
Overall, MBAKS is dedicated to enhancing the quality of life in the region by ensuring accessible housing, advocating for community improvement, and advancing green building initiatives. Through its robust programs and initiatives, the association strives to keep the Puget Sound region one of the best places to live, work, and thrive.
This information is meant to be a general summary of Master Builders Association Of King And Snohomish Counties. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $542,738
- Program Service Revenue: $4,202,452
- Gross Receipts: $11,576,167
Assets and Liabilities:
- Total Assets: $43,190,775
- Total Liabilities: $19,167,396
- Net Assets: $24,023,379
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROUP RETRO INSURANCE
Revenue
$2,188,670
MEMBERSHIP DUES
Revenue
$925,895
BIAW ROII PROGRAM
Revenue
$483,693
NETWORKING EVENTS
Revenue
$360,519
BUILT GREEN PROGRAM
Revenue
$243,675
Organization Details
Founding Year
1956
Phone
(425) 451-7920Principal Officer
Jeremy Hall
Main Address
335 116TH AVE SE, BELLEVUE, WA, 98004
Website
www.mbaks.comNTEE Category
Code: S41 - Community improvement
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