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Visit Kitsap 2025n fii ORCHARD 2025 Lodging Tax Application Coversheet organization Name: Month/Timeframe of Event or Operations /3 1 120Z-q EEvennt Activity (check/complete all that apply) 1! ourism Promotion ❑ Operations (Event/Festival Title) ❑ Operations (Facility, Staffing, Other) Amount of Request $ GOOD Presenter & Title kl.v iF>CakA ry�- Phone V'tO ` O� b Email Gi V�� 1/i'SI l ��(I w►� 1 ORCHARD 2025 Lodging Tax Application Applicant Acknowledgement Applicants accept the following conditions: Application Deadline — October 24, 2024, by 2PM Applications will be accepted by e-mail at cityclerk@portorchardwo.gov • Cate applications will not be accepted • Responses to be limited to 3 pages, plus required attachments • Successful, eligible applicants may be contacted to schedule an interview with the Lodging Tax Advisory Committee — Please note date scheduled is Wednesday, October 30, 2024. If funded, the individual who has the authority to sign contracts and provide documents to the City of Port Orchard is requested to sign below, and to also acknowledge your responsibility to notify (enter who to notify and how) of any changes to your organization's contact information. Point of Contact Title Signature Phone Email a�,Jl�v�v��ViSi�l!If.S�n L�wi ORCHARD 2025 Lodging Tax Application Checklist Submittal Cht t&Ih,t gp��it; iti,al 11,1t��t�llit�l lam' �'ht� (\liat ;� 1p�licant A&nowIv+igtmi ,tit Built) vi d hY ThUlIdAY, Qd\il;et 2 4►1014 by .tIM lWt+lo4r- wg PIAt) l�K)All, lil S'low's, lit -potting Roquimmotlt "Mw4 not eikv td 3 pagm 1tia, I,i„o„t�� A) Y, cai t t A, t%kw'art ;V t,., t \ampl" of MArkotme, Yet Ik, Wtv tlalallco Shoot 111wmick \Iatrmolt Nlomm Yhvt �� N "\I Kot'F`m IAA, Rotut11 kv fltlalwill StoF`illhtlt twill all Indopolidolt wkit-tv aar Port Orchard City of Port Orchard FY2025 LTAC Answers —Visit Kitsap Peninsula a) Marketing Plan i. Explain your Marketing Plan to promote tourism in Port Orchard. Specify your audience. Our marketing plan aims to enhance Port Orchard's visibility as a prime destination for regional travelers by capturing professional photos of marquee events. The images will be used across multiple platforms, including our website, itineraries, social media, email marketing, press requests, and shared with tourism partners to amplify reach. The target audience includes leisure travelers, event enthusiasts, and families from 50+ miles away, with an emphasis on attracting overnight guests interested in exploring local culture, scenic beauty, and unique events. ii. Discuss how your marketing plan generates "heads in beds" (overnight stays) in Port Orchard and/or draws visitors from 50+ miles away. By showcasing Port Orchard's marquee events and scenic attractions through compelling visuals, we aim to drive event -based tourism and encourage overnight stays. Marketing efforts will be focused on promoting events like the Fathoms O' Fun Festival and Mosquito Fleet Festival, Port Orchard Farmers Market, etc. which have a track record of attracting visitors from Seattle -Tacoma, Portland, and beyond. This approach will highlight lodging options, encourage multi -day itineraries, and leverage partnerships with local hotels to offer event packages, thus increasing the likelihood of overnight stays. iii. What percent of your budget is marketing? What percentage of your request is marketing? Provide a summary of the types of marketing and include the total amount spent for each type that your organization uses. • Approximately 50.33% of our total budget ask (County + Cities) is allocated to marketing initiatives. • 100% of the $5,000 request will go directly towards capturing event photography for marketing use for the City of Port Orchard. • Summary of Marketing Types: o Creative + Photography/Videography: $20,000 (County + Cities) o Advertising (Social Media, Google Ads): $239,000 (County + Cities) o Website Updates & Maintenance: $40,000 (County) o Press Outreach: $45,000 (County) UAr Port Orchard City of Port Orchard FY2025 LTAC Answers —Visit Kitsap Peninsula b) Financial Status i. Has your organization applied for funding through other sources? Will your organization be pursuing other funding in the future? If no, why? Yes, we have applied for funding from the Kitsap County Lodging Tax Advisory Committee and plan to match any awarded funds to extend our marketing efforts for Port Orchard. Additionally, we continue to pursue grants from State of Washington Tourism and Port of Seattle to support regional tourism campaigns. We have also applied for the same amount of funding from the City of Bainbridge Island LTAC for marquee event photos. Additional funding requests have been made to the City of Bremerton to help promote group sales and leisure tourism and City of Poulsbo to help promote leisure tourism with 2 campaigns and event photography and videography. ii. If your organization collaborates with other organizations on tourism, how is this accomplished? What do you collaborate about? And is this done without duplicating another organization's efforts? We are currently collaborating with the Greater Kitsap Chamber on a project to promote leisure tourism to the City of Bremerton through a Port of Seattle grant, using matching funds from our City of Bremerton LTAC award for 2024. This project includes the production of a commercial, new photography, a dedicated landing page, and an advertising campaign targeting travelers from Phoenix, Portland, San Diego, and Las Vegas. Additionally, we host quarterly hospitality hours, inviting local chambers and hotels to connect, share insights, and discuss tourism strategies. We are also partnering with the City of Poulsbo to educate local event organizers on leveraging Google Analytics for measuring the success of their events. Last year, we collaborated with the Kitsap Economic Development Alliance to highlight historically under -represented businesses during the holiday season. Our efforts focus on aligning with community partners to maximize the impact of our tourism promotion without duplicating existing efforts. iii. If your organization does sole marketing, are you currently considering opportunities for collaboration? Yes, we actively seek collaboration opportunities, especially with local businesses and event organizers, to extend the reach of our campaigns and pool resources for more impactful marketing. iv. What is your organization doing to become financially sustainable? VKP is focused on diversifying revenue through partnerships, leveraging grant opportunities, UAr Port Orchard City of Port Orchard FY2025 LTAC Answers —Visit Kitsap Peninsula and developing co-op marketing programs that allow tourism partners to buy into larger campaigns, thus sharing the cost burden. v. If you received part of your requested funding, would your program or event be possible? Yes, receiving partial funding would still allow us to capture some event photography, though the scope might be limited. Matching funds from the county will help ensure comprehensive coverage. c) Reporting Requirements (Estimates for 2025) i. How many visitors will your program or event bring to Port Orchard? Estimated 5,500 visitors, factoring in increased interest due to over 3,000 visits to the Port Orchard landing page on visitkitsap.com. This indicates strong interest in the city's events and attractions. ii. How many visitors will travel to Port Orchard and stay overnight? Approximately 450 overnight visitors are expected, based on historical lodging data and the conversion of landing page interest into actual overnight stays. iii. How many visitors will travel 50 miles+ for the day or stay overnight? If from outside WA, indicate how many and from what states and/or countries when possible. Estimated 1,500 visitors will travel from over 50 miles away, with around 150 of these from out of state. The primary out-of-state markets will likely be Oregon, California, and British Columbia, influenced by the geographic distribution of website traffic and targeted marketing efforts. iv. What revenue is expected to be generated by your program or event? Projected revenue is approximately $90,000, based on an average spend of $165 per visitor. This takes into account the impact of heightened interest driven by the website traffic, including spending on accommodations, dining, and local activities. v. Please explain your methodology for collecting and/or estimating tourist data. Estimates are based on past occupancy rates, average daily rates, visitor origin data, and spending patterns provided in recent STR reports. Additionally, we factor in survey responses from local lodging establishments, website traffic analysis, and social media engagement metrics during event periods. TOT ED + $1,085,676.00 TOTAL KITSAO COUNTY LTAC ASK - 2025 - VISIT KITSAP PENINSULA Category Amount ($) Operations $444,626.00 Business Development & Sales $33,100.00 Advertising $192,000.00 Creative Design / Photography / Videography $44,000.00 Integrated Visitor & Relocation Guide $35,000.00 Printing of Rack Cards (and any other rack cards guides) $7,500.00 VKP Website Part II $40,000.00 Kitsap Peninsula National Water Trails Website $50,000.00 Public Relations $45,000.00 TOTAL KITSAP COUNTY LTAC BUDGET - 2025 $891,226.00 TOTAL BREMERTON LTAC ASK - 2025 - VISIT KITSAP PENINSULA Category Amount ($) Advertising (Jan -Apr, Oct -Dec 2025) $30,000.00 Creative Design/Photography/Videography $15,000.00 FAM Trips $15,000.00 Director of Business Development and Sales Salary $44,000.00 Sales/Business Development Efforts $2,000.00 Conference/Trade Shows/Dues $18,450.00 Group Business Sponsorships $2,500.00 Quarterly Reporting (Beyond JLARC) $1,000.00 Marketing & Collateral $1,500.00 TOTAL BREMERTON LTAC BUDGET - 2025 $129,450.00 1 TOTAL POULSBO LTAC RECOMMENDATION - 2025 - VISIT KITSAP PENINSULA Category Amount ($) Advertising (Jan -Apr, Oct -Dec 2025) $17,500.00 Creative Design/Photography/Videography $37,500.00 TOTAL POULSBO LTAC BUDGET - 2025 1 $55,000.00 TOTAL BAINBRIDGE ISLAND & PORT ORCHARD LTAC ASK - 2025 - VISIT KITSAP PENINSULA City of Bainbridge Island Marquee Events City of Port Orchard Marquee Events _ TOTAL COMBINED LTAC BUDGET - 2025 Category I Amount ($) $5,000.00 $5,000.00 $10,000.00 VISIT KITSAP PENINSULA The NaturaL Side of the Puget Sound Y 5 Examples of Marketing - Port Orchard LTAC FY 2025 - Visit Kitsap Peninsula Social media post about the Mosquito Fleet Fest in May: • 2.6K views • 95likes • 6 comments • 15 shares • 8 saves VISIT KITSAP PENINSULA The NaturaL Side of the Puget Sound Y 5 Examples of Marketing - Port Orchard LTAC FY 2025 - Visit Kitsap Peninsula 0 a Q ® C • Social media post about Horseshoe Lake: 0 2.9K views 0 92likes 0 4 comments 0 6 shares 0 7 saves V, VISIT KITSAP PENINSULA The NaturaL Side of the Puget Sound Y 5 Examples of Marketing - Port Orchard LTAC FY 2025 - Visit Kitsap Peninsula Social media post about what it's like to explore the Port Orchard Farmers Market and take the foot ferry: • 147likes • 4 comments • 16 shares • 5 saves VISIT KITSAP PENINSULA The Natural Side of the Puget Sound 5 Examples of Marketing - Port Orchard LTAC FY 2025 - Visit Kitsap Peninsula Updated Port Orchard page of the new Visit Kitsap website (Phase 1). We will expand and enhance content on the website promoting Port Orchard in Phase II of website development: https://visitkitsap.com/location/port-orchard/. Travel + Leisure (10.8 million unique monthly visitors) press highlight with mentions of Bremerton businesses: https://www.travelandleisure.com/ktsap-peninsula-washington-bioluminescence-8606795. Destinations include/focus: Kitsap Peninsula, Bremerton, Poulsbo, Port Orchard, Silverdale, Bainbridge Island 2 VISIT KITSAP PENINSULA The Natural. Side of the Puget Sound 5 Examples of Marketing - Port Orchard LTAC FY 2025 - Visit Kitsap Peninsula TRAVEL+ LEISURE 0. Aa9�i e _ Nkne� P=leis TRIP IOEAS OESTINATIGNS -R-S BEST TIPS. PLANNING CRUISES SHOPPING NEWS ABOUT JS S.—PlBE This Lesser -known Washington Peninsula Has Some of the Most Stunning Bioluminescence in the U.S. Here's How I Planned -\Iv Trip With artsytowns, tangible history, and around -the -clock nature, Washington's Kitsap Peninsula glows in more waysthan By JNc Lire l— Nblieh—J-2,202d O ®O O 5 From: canon@munqueworks.org �f Subject: Attached Image Date: September 23, 2024 at 5:55 PM To: Christine (Work) Christine.whitney@visitkitsap.com 3:42 PM OW22iN Accrual Room VISIT KITSAP PENINSULA Balance Shut As of Docom bar 31, 2023 ASSETS C%irf¢111 AFagI} ChacklmWSwlnq■ KIMt1p 10enklgN Towihockrn&r6W0101 Aebe,lrrt0 Rmilrablo *cols Ass 70WAt4Mr111 Racalwablo U1her Currrap A004% $Mlt Depuslt tlnde"*w Funds T0001h4lr CYrnrM Aieela Tolel irurFam Aesats Fined Almelo. Acrairn G"r CiptlaNbad Burlr>•uy f RPrM18%11C Computers & Sah ara Furniturp & Equipm ril TalekFrrad Asoms TOTAL ASSETS LIAEPLITiES d fQUITY Linbilltias Current LI,7t]II,IIf4 Credit Garda Kd!hap dank Vtaa S149 Total Credit Cards Other Current Liabilities Payroll Liabiblras Emp SeVQT Federal Linomplormanl Fo"ral Wltnholdlrl4 MadiEwe PFML Payat" sou aft WA Carol Fund kayabin T" Payroll Liabihiies TbW 4kher Currant LiehIIllles Taal Current Llskil leo Total Lratxlldes Equiry F iirur aalprKq Ugeegtrlaed Net A3im Netlncomo Total Equi1X TOTAL L ABILITIES lk EQUITY 14,213 2 t 11,21321 IVA? 0 1.05005 R&103 94 5&153gA 10&09S 03 -18.601 01 1.097 5Q 7.0197 12.17271 2,d03.52 212 v £71-0$ 126.w 1 440 + T 21506 2d0 77 91961 25904 4,114.3d 4,114.34 4.717.95 6,71 T es E6.965.34 11,3m.Bi 1105, 529.34 112,347.20 P�Yr1 i 3:05 PM 09/23/24 Accrual Basis VISIT KITSAP PENINSULA Profit & Loss January through December 2023 Ordinary Income/Expense Income Advertising Income Visitor Guides Total Advertising Income Direct Public Support Corporate Contributions Total Direct Public Support Primary Income Bremerton City of Port Orchard City of Poulsbo Kitsap County Kitsap County-ARPA Total Primary Income Secondary Income Community Sponsor Corporate Funding Grant/Partnership Funds Renewing Membership Total Secondary Income Services Total Income Gross Profit Expense Bank Svc Chg/Interest Exp Direct Deposit Ffee Service Charge Bank Svc Chg/Interest Exp - Other Total Bank Svc Chg/Interest Exp Business Development/Sales Sales - Group Business Total Business Development/Sales Community Sponsorship Conference,convention, meetings Trade Shows Conference,convention, meetings - Other Total Conference,convention, meetings Depreciation Expense Donation Employee Benefits Equipment Copier Postage Meter Total Equipment Gift Insurance Insurance - Travel Insurance Commercial Total Insurance Jan - Dec 23 2, 500.00 2,500.00 1,108.00 1,108.00 29,109.53 15,000.00 9,765.74 304,608A 1 122,063.59 480,547.27 0.00 5,500.00 4,800.00 598.90 10,898.90 0.00 495,054.17 495,054.17 80.22 183.19 1,021.63 1,285.04 1,011.90 1,011.90 6,784.69 9,758.46 1,643.92 11,402.38 468.00 500.00 5,721.45 1,496.59 883.40 2,379.99 31.00 432.58 1,832.00 2,264.58 Page 1 3:05 PM 09/23/24 Accrual Basis VISIT KITSAP PENINSULA Profit & Loss January through December 2023 Jan - Dec 23 Licenses and Permits 25.00 Marketing Advertising 58,397.12 Broadcast Media 10,000.00 Co -Op Marketing 45.00 Newsletter 100.00 Production 36,369.26 Promotion 50,801.23 Public/Press Relations 6,329.06 Radio 2,500.00 Research 18,641.60 Social Media 3,076.43 VKP Visitor Website 13,062.73 Total Marketing 199,322.43 Meals and Entertainment 406.18 Membership Services 1,445.83 Moving Expenses 1,350.35 Office/Supplies Office Supplies 1,885.67 Printing and Copying 3,549.74 Software 1,016.28 Total Office/Supplies 6,451.69 Payroll Expenses Exec Director 138,800.21 Federal Unemployment 0.00 Health Coverage Allowance 9,583.41 L&I 0.00 Medicare 0.00 PFML Expense 0.00 Social Security 0.00 Vehicle Allowance 5,850.00 WA Unemployment 0.00 Payroll Expenses - Other 0.00 Total Payroll Expenses 154,233.62 Postage and Delivery 166.40 Professional Fees Accounting 7,385.00 Consulting/Legal 6,574.50 Hiring Fee 196.56 Photography 4,368.00 Total Professional Fees 18,524.06 Rent 41,138.19 Subscription Fees 5,616.78 Taxes/Payroll Dept L&1 723.73 Emp Sec 2,967.97 Medicare 2,102.02 Soc Sec 8,987.89 Taxes/Payroll - Other 1,712.49 Total Taxes/Payroll 16,494.10 Telephone Local/LD/Fax/800 267.85 Mobile 1,328.08 Telephone - Other 3,040.08 Total Telephone 4,636.01 Page 2 3:05PM VISIT KITSAP PENINSULA 09/23/24 Profit & Loss Accrual Basis January through December 2023 Jan - Dec 23 Travel Fuel 0.00 Lodging 2,944.23 Meals 170.63 parking 226.14 Transportation 6,542.71 Wifi Internet 8.00 Total Travel 9,891.71 Total Expense 491,551.38 Net Ordinary Income 3,502.79 Other Income/Expense Other Income Credit Card Rewards 1,468.05 Settlement from Adv Injury 6,360.00 Total Other Income 7,828.05 Other Expense Ask My Accountant 0.00 Total Other Expense 0.00 Net Other Income 7,828.05 Net Income 11,330.84 Page 3 3:23 PM VISIT KITSAP PENINSULA 09123/24 Balance Sheet Accrual Basis As of August 31, 2024 Aug 31, 24 ASSETS Current Assets Checking/Savings Kitsap Bank/ck Total Checking/Savings Accounts Receivable Accts Rec Total Accounts Receivable Other Current Assets Rent Deposit Total Other Current Assets Total Current Assets Fixed Assets Accum. Depr. Capitalized Building Expns/SVIC Computers & Software Furniture & Equipment Total Fixed Assets TOTAL ASSETS LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 'Accounts Payable Total Accounts Payable Credit Cards Kitsap Bank Visa 5148 Kitsap Bank Visa 6331 Total Credit Cards Other Current Liabilities Payroll Liabilities Dept L&I/QT Emp Sec/QT Federal Unemployment Federal Withholding FUTA Medicare PFML Payable Soc Sec WA Cares Fund Payable Total Payroll Liabilities Payroll Payable Total Other Current Liabilities Total Current Liabilities Total Liabilities 55.45 1,163.83 126.00 1,354.73 -42.00 107.53 123.88 459.82 -393.49 22,032.78 22, 032.78 72,175.16 72,175.16 -1,150.00 -1,150.00 93,057.94 -19, 501.01 4,087.50 7,492.97 12,172.71 4,252.17 97,310.11 4,620.00 4,620.00 4,907.71 570.06 5,477.77 2,955.75 1,804.84 4,760.59 14,85&36 14,85&36 Page 1 3:23 PM 09/23/24 VISIT KITSAP PENINSULA Balance Sheet Accrual Basis As of August 31, 2024 Aug 31, 24 Equity Fund Balance Unrestricted Net Assets Net Income Total Equity 28,343.16 77,286.18 -23,177.59 82,451.75 TOTAL LIABILITIES & EQUITY 97,310.11 Page 2 3:25 PM 09/23/24 Accrual Basis VISIT KITSAP PENINSULA Profit & Loss January through August 2024 Ordinary Income/Expense Income Advertising Income Visitor Guides Total Advertising Income Primary Income Bremerton City of Poulsbo Kitsap County Kitsap County-ARPA Total Primary Income Secondary Income Community Sponsor Corporate Funding Total Secondary Income Total Income Gross Profit Expense Bank Svc Chg/Interest Exp Service Charge Total Bank Svc Chg/Interest Exp Business Development/Sales BD Marketing Client/Sales Events Conferences/Educational Events Industry Assoc Membership Dues Meetings Networking Events Hotel/Local Total Business Development/Sales Community Sponsorship Conference,convention, meetings Meetings Total Conference,convention, meetings Continuing Education Employee Benefits Equipment Copier Postage Meter Total Equipment Gift Insurance Insurance - Liability, D and O Total Insurance Licenses and Permits Jan - Aug 24 2,500.00 2, 500.00 21,388.27 1,500.00 144,332.14 113, 589.34 280, 809.75 5,000.00 11,750.00 16,750.00 300,059.75 300,059.75 294.48 294.48 21.83 559.47 2,968.68 905.00 8.33 606.21 5,069.52 600.00 119.22 119.22 656.99 480.00 1,030.07 2,120.63 3,150.70 39.83 3,004.00 3,004.00 20.00 Page 1 3:25 PM 09/23/24 Accrual Basis VISIT KITSAP PENINSULA Profit & Loss January through August 2024 Jan - Aug 24 Marketing Advertising 9,883.52 Broadcast Media 15,500.00 Creative Design 18,440.00 Networking 389.99 Production 1,320.65 Promotion 77,241.04 Research 25,026.15 VKP Visitor Website 2,995.09 Marketing - Other 1,164.38 Total Marketing 151,960.82 Meals and Entertainment 104.92 Membership Dues 875.00 Office/Supplies Office Supplies 202.67 Printing and Copying 188.13 Software 3,466.90 Total Office/Supplies 3,857.70 Payroll Expenses Exec Director 105,006.26 Health Coverage Allowance 5,459.18 Total Payroll Expenses 110,465.44 Postage and Delivery 15.85 Professional Fees Accounting 10,155.00 Consulting/Legal 570.00 Photography 450.00 Total Professional Fees 11,175.00 Rent 11,902.76 Subscription Fees 1,229.54 Taxes/Payroll Medicare 107.53 Soc Sec 459.82 Taxes/Payroll - Other 12,407.21 Total Taxes/Payroll 12,974.56 Telephone Mobile 664.00 Telephone - Other 609.26 Total Telephone 1,273.26 Travel Ferry 35.80 Fuel 3,900.00 Travel - Other 256.95 Total Travel 4,192.75 Total Expense 323,462.34 Net Ordinary Income -23,402.59 Page 2 3:25 PM VISIT KITSAP PENINSULA 09/23124 Profit & Loss Accrual Basis January through August 2024 Other Income/Expense Other Income Office Garage Sale Total Other Income Net Other Income Net Income Jan - Aug 24 225.00 225.00 225.00 -23,177.59 Page 3 Parker Mooers & Cena, LLC 9222 Bay Shore Dr NW Ste 150 Silverdale, WA 98383 Visit Kitsap Peninsula 19225 8th Ave NE Suite 201-2022 Poulsbo, WA 98370 IIiIiiiiiiiiiiiiiiiiIIIlilliIIlI Parker Mooers & Cena, LLC 9222 Bay Shore Dr NW Ste 150 Silverdale, WA 98383 Visit Kitsap Peninsula 19225 8th Ave NE Suite 201-2022 Poulsbo, WA 98370 IIiIiiiiiiiiiiiiiiiiIIIlilliIIlI Parker Mooers & Cena, LLC 9222 Bay Shore Dr NW Ste 150 Silverdale, WA 98383 360-692-8808 Visit Kitsap Peninsula 19225 8th Ave NE Suite 201-2022 Poulsbo, WA 98370 2023 TAX RETURN ENGAGEMENT LETTER Dear Client ("Client", "you"), Thank you for selecting Parker Mooers & Cena, LLC ("Firm", "we", "us" or "our") to assist you with preparation of your tax returns. This letter, together with the Terms and Conditions of Engagement (this "Engagement Letter") confirms the objectives of our engagement and the terms and conditions on which we will provide services. Your returns will be prepared from information you provide. We may ask for explanation or clarification of some items, but we will not audit or otherwise verify your data. You are responsible for the completeness and accuracy of information used to prepare the returns. Our responsibility is to prepare the returns in accordance with applicable tax laws. By executing this engagement letter, you hereby consent to the transfer from any prior firm to us of all your client files, work papers, and work product. Our fees for preparing your returns will be based on the time required at our standard rates for such services. Payments for any fee shall be made within twenty (20) days of the invoice date. Any administrative expenses such as postage or purchases of software for client use will be billed separately with 15% administration fee added. All expenses shall be pre -approved by Client in advance of Firm undertaking such expense. If the Client believes that there is a discrepancy with any invoice, the Client will have twenty (20) days from the date of the invoice to raise the objection to us in writing, and the parties agree to work in good faith to resolve such discrepancy. If the Client does not notify the Firm in writing within this twenty (20) day period, the invoice will be considered accurate and accepted by the Client, and the Client waives any right to dispute the invoice at a later date. Any payments beyond the 20 day window will be subject to a 5% per annum, until paid in full. We shall not be responsible for any late filings, penalties, interest, missed elections or other consequences which may result from such a delay due to non-payment of invoices by Client. For all tax compliance engagements, we reserve the right to place your return(s) on extension and you hereby authorize us to do so. Your return may be selected for examination by state or federal tax agencies. In that event, we will be available to assist you in defending and explaining the return. This service is not part of our engagement to prepare your returns, and would be the subject of a separate agreement for such services. We appreciate the opportunity to serve you in this important work. If you have questions about the contents of this Engagement Letter, please contact our office. I. Client Responsibilities and Representations It is the responsibility of you or your representatives to provide all the information required for the preparation of complete and accurate tax returns, including information about your foreign assets and digital assets. Your returns will be prepared from the information submitted by your representatives. We will not audit or otherwise verify the information submitted to us. However, we may ask for additional documentation and clarification of some of the information. We anticipate that you or your representatives will furnish all of the requested information in a timely and organized manner. During the term of our engagement, we may advise you to make certain online tax elections, online registrations or online payments. We are not responsible for making these online tax elections, online registrations or online payments. It is the responsibility of you or your representative to ensure these online actions are completed. It is your responsibility to make all federal, state and local tax deposits. It is also your responsibility to determine employee versus independent contractor status. If you have any questions regarding the classification of employees versus independent contractors, we strongly encourage you to consult with legal counsel experienced in employment practice matters. We will not reconcile the payroll tax returns with the withholding records. By your signature below, you acknowledge that it is your responsibility to verify the accuracy of the compensation and withholding records being provided to us. The Internal Revenue Service and various other federal and state authorities require the reporting of information concerning activities and holdings outside the United States. Examples include having foreign bank and other financial accounts, ownership interests in certain entities outside of the United States, as well as other "reportable" and "listed" transactions. It is your responsibility to make us aware of all such transactions and information. Our engagement cannot be relied on to uncover errors, fraud, or other irregularities in the underlying information submitted to us and 'incorporated in your tax returns, should any exist. However, we will inform you of any such matters that come to our attention. Because you have ultimate responsibility for the tax returns, a responsible representative should review the returns prior to signing and filing them (or authorizing us to file the tax returns on behalf of you). Your representative shall be authorized to make decisions regarding tax positions reflected on your tax returns or which we have brought to the attention of your representative. You agree and acknowledge that, by signing and filing (or authorizing the filing) of the tax returns, you represent that it provided to us all information required for the preparation of complete and accurate tax returns. All tax returns and other tax filings are subject to examination by the taxing authorities. In the event of an examination, you or your representatives may be requested to produce documents, records, or other evidence to substantiate the items of income and deduction shown on the returns. In preparing the returns, we will rely upon your representations that its representatives understand, and have complied with, applicable documentation requirements. II. Our Responsibility and Limitations The nature of our engagement requires us to exercise our professional judgment with respect to various tax, accounting and related issues and to comply with professional standards. We will adopt in the tax returns whatever position you request, so long as it is consistent with our professional standards, ethics and the laws of the applicable taxing jurisdictions. If we do not have a reasonable belief that a position on your tax return has "substantial authority" to be sustained on its merits (or "more likely than not" in the case of a "tax shelter" or a "reportable transaction"), we will not be able to complete the preparation of your returns unless your representatives agree to adequately disclose the position on the return and there is a reasonable basis for the position. You acknowledge and agree that, in the event you (i) ask us to take an unsupported tax position or (ii) take a tax position and refuses to make any required disclosures, we may withdraw from the engagement without completing or delivering the tax returns. III. Termination of Engagement The term of this engagement shall commence on the date set forth above and end upon the earlier of (i) twelve (12) months from the date of this Engagement Letter, (ii) where applicable, filing the final work product for which we have been engaged, or (ii) termination by either party of this contract upon thirty (30) days prior written notice (email, mail, or overnight courier) to the other party, subject in either case to Client's payment for all charges incurred by Firm through the termination date. IV. Standard Terms & Conditions of Engagement The Terms and Conditions affixed to this Engagement Letter set forth the additional terms and conditions to which this engagement is subject in all respects. Please indicate acceptance of the Engagement Letter (including the Terms and Conditions of Engagement) by signing and returning this letter to us. When you submit your tax information to us, you acknowledge and agree to the following terms and conditions for our services outlined in this Engagement Letter even without a signature to this Engagement Letter. This Engagement Letter may be executed in counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument. Delivery of an executed counterpart's signature page of this Engagement Letter by facsimile, email in portable document format (.pdf), or by any other electronic means (including DocuSign) has the same effect as delivery of an executed original of this engagement letter. Very truly yours, Parker Mooers & Cena, LLC Accepted: This Engagement Letter (including the exhibits hereto) correctly sets forth the understanding of Client: Signature: Print Name: Organization (if applicable): Title (if applicable): Date: TERMS AND CONDITIONS OF ENGAGEMENT These Standard Terms and Conditions of Engagement apply to the agreement described in any engagement letter referencing them (the "Engagement Letter") and supersede any inconsistent terms, and also apply to any additional work we may be asked to perform for you within twelve months of such Engagement Letter (unless a separate engagement letter is used). Client Information and Confidentiality a. In accordance with the AICPA Code of Professional Conduct and applicable federal, state and local rules, we will not disclose confidential client information without Client consent, except that we shall be permitted to disclose confidential client information (i) to any government agency or regulatory body to the extent and in the form or manner necessary or required to comply with any rule, regulation or order of such government agency or regulatory order, or (ii) pursuant to subpoena or other legal process. We utilize appropriate safeguards, policies and procedures to maintain the confidentiality of confidential client information. We may transmit or receive information or documents through electronic means, including through the firm's secure portal, if applicable. b. Client hereby consents that for the purpose of providing comprehensive services, we may share relevant client information with our affiliates. The term 'affiliate' shall refer to entities that are directly or indirectly controlled by or under common control. We will take reasonable measures to ensure that any shared information remains confidential and is used solely for the purpose of delivering services to the Client. C. In the event we use third -party service providers to assist in providing professional services, we may share confidential client information with those service providers. Client hereby consents to disclosure of its confidential client information to third -party service providers for the purpose of the third -party service provider assisting with the services provided pursuant to this Engagement Letter. d. We may use Client information provided in connection with the services set forth in this Engagement Letter ("Client Data") for the purpose of aggregating Client Data with similar data from other clients and with similar data purchased from industry sources (collectively, the "Aggregated Data") for the purpose of analyzing, summarizing and standardizing the aggregated data for benchmarking (the "Benchmarking"). All Client Data and Aggregated Data shall be maintained by us on a secure database. We shall keep and maintain as confidential Client Data and shall not disclose or provide access to Client Data except as set forth herein or as otherwise agreed by the parties in writing, except that we may disclose Aggregated Data, masked to remove identification of any client, to third -parties, which in our sole discretion have an interest in the Aggregated Data for business purposes. Any and all Aggregated Data, including Client Data, shall be sufficiently aggregated and masked so that no recipient of Aggregated Data will be able to access or identify individual data points of any specific client. e. We may transmit or receive information or documents through electronic means, including through the firm's secure portal. Client shall at all times comply with the terms of use of our portal and shall only permit authorized users to access information through the portal. In the event that Client creates one or more user accounts to access information or documents transmitted through the portal, Client shall notify us to disable any user account for which an individual(s) is no longer authorized to access Client information transmitted through our client portal. £ Client is solely responsible for maintaining their books and records and should not rely on us as their record -keeper or repository for any final work product for which we have been engaged. We shall have no responsibility for maintaining Client's records, including any work product we provide to you and records that we return to you, for future use, including potential examination by any government or regulatory agency. Client agrees to retrieve final work product from the portal within a reasonable period of time after the conclusion of the engagement. 2. Work Papers: All work papers prepared in conjunction with this engagement are confidential and are considered our property. Work papers and Client documents and information will be retained in accordance with our document retention policies. Foreign Employees and Subsidiaries: We may assign employees or employees of our subsidiaries and affiliates or third -party service providers engaged by us, in each case, who are located outside the United States, to work on Client's engagement, and to provide us with operational support services. Client hereby consents to us (a) assigning employees and affiliated entities located outside the United States to this engagement, and (b) transmitting Client information to such employees and affiliated entities as needed to perform the services for Client and to perform operational services. If applicable, Client agrees to timely complete and return to us an executed consent complying with IRS Code Section 7216. 4. No Third -Party BeneficiaZX: The engagement is being undertaken solely for Client's benefit and the parties do not intend to benefit or provide contractual, equitable or other rights to any other person or entity. Non -Solicitation : During the performance of the services and for one (1) year thereafter, in the event Client hires a firm employee/partner, Client will pay a fee equal to one times that individual's total annual compensation (which shall be payable at the time of employment), provided however, that such fee shall not apply when the individual is hired with Firm's express written consent. Out -of -Scope Services: Any services outside the services set forth in this Engagement Letter will be a separate, new engagement. The terms and conditions of that new engagement will be governed by a new, specific engagement letter for that service. In the event an engagement letter for the out -of -scope services is not issued, each such out -of -scope service shall be a separate and new engagement performed pursuant to these Terms and Conditions of Engagement and billed at our standard rates for the type of service. Limitations of Liability and Indemnification: g. LIMITATION OF LIABILITY: OUR AND ALL OF OUR SUBSIDIARIES, MEMBERS, AGENTS, SUCCESSORS, ASSIGNS AND OTHER AFFILIATES' MAXIMUM LIABILITY FOR DAMAGES RELATING TO THE SERVICES PROVIDED PURSUANT TO THIS ENGAGEMENT LETTER, WHETHER THE LIABILITY IS BASED UPON OUR NEGLIGENCE OR OTHERWISE, SHALL BE LIMITED TO THE FEES PAID FOR THE SERVICE OR WORK PRODUCT GIVING RISE TO LIABILITY, PROVIDED THAT SUCH LIMITATION SHALL NOT APPLY WHERE DAMAGES ARE JUDICIALLY DETERMINED TO HAVE BEEN CAUSED BY OUR FRAUD, GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. h. NO SPECIAL DAMAGES: IN NO EVENT SHALL WE, OUR SUBSIDIARIES, MEMBERS, AGENTS, SUCCESSORS, ASSIGNS, OTHER AFFILIATES OR OUR PERSONNEL BE LIABLE TO CLIENT FOR ANY CONSEQUENTIAL, INCIDENTAL, INDIRECT, EXEMPLARY, PUNITIVE OR SPECIAL DAMAGES IN CONNECTION WITH CLAIMS ARISING OUT OF OR RELATED TO THIS ENGAGEMENT LETTER OR THE SERVICES DESCRIBED HEREIN, INCLUDING ANY AMOUNT FOR LOSS OF PROFIT, DATA OR GOODWILL, WHETHER OR NOT THE LIKELIHOOD OF SUCH LOSS OR DAMAGE WAS CONTEMPLATED. Indemnification: The services, work product, deliverables, advice and/or recommendations provided under this Engagement Letter are for the use and benefit of Client only. Client shall indemnify and hold us harmless for any time expended, fees, fines, expenses (including reasonable legal fees and costs), costs, damages and/or losses (collectively, "Losses") incurred in connection with any claim, allegation, lawsuit or other legal or regulatory action or proceeding brought by a third party (including Client's affiliates, members and/or partners) involving or relating to the services under this Engagement Letter, whether or not such Losses are due to our negligence, provided that such indemnification shall not apply where such expenses or losses are judicially determined to have been caused by our fraud, gross negligence or willful misconduct. j. Client Representations: Because of the importance of Client's representations to the services, Client agrees to release and indemnify us and our personnel and affiliates from and against any liability and costs relating to our services under this Engagement Letter attributable to any misrepresentations by Client. Reimbursement of Expenses Related to Compliance with Legal Proceedings: In the event that we receive a subpoena or become involved in any other legal claim, process, action or proceeding in which a party seeks from us any testimony, documents, information or cooperation related to the services provided pursuant to this Engagement Letter, Client shall reimburse us for all costs and expenses (including reasonable legal fees and costs) associated with providing such testimony, documents or information, including any time expended at our then standard rates. 9. Statute of Limitations: Any legal action or proceeding asserting a claim against us arising out of or relating to this Engagement Letter or the services provided under this Engagement Letter shall be asserted within one (1) year from the date of the Services giving rise to such action or claim unless a longer period is required by an applicable statute of limitations for the Service at issue. 10. Jurisdiction. Choice of Law and Jury Waiver: k. Delaware Law and Jurisdiction: The terms of this Engagement Letter and all related matters, including any dispute or claim that may arise between us related to the services provided hereunder, shall be governed by the laws of the State of Delaware without giving effect to choice of law principles and any legal action or proceeding related to this Engagement Letter or the services performed or to be performed pursuant hereto shall be brought in any appropriate court in the State of Delaware. Arbitration. Any dispute, controversy or claim arising out of or related to this Agreement, including any dispute regarding the interpretation, construction or application of any term or provision of this Agreement, shall be resolved under the Delaware Rapid Arbitration Act, which shall be binding and not subject to appeal. The arbitrators will have no authority to award punitive or other damages not measured by the prevailing parry's actual damages, except as may be required by law. in. WE AND THE CLIENT WAIVE ANY RIGHT TO ASSERT ANY CLAIMS AGAINST THE OTHER PARTY AS A REPRESENTATIVE OR MEMBER IN ANY CLASS OR REPRESENTATIVE ACTION, EXCEPT WHERE SUCH WAIVER IS PROHIBITED BY LAW OR DEEMED BY A COURT OF LAW TO BE AGAINST PUBLIC POLICY. TO 9THE EXTENT EITHER PARTY IS PERMITTED BY LAW OR COURT OF LAW TO PROCEED WITH A CLASS OR REPRESENTATIVE ACTION AGAINST THE OTHER, THE PARTIES AGREE THAT: (I) THE PREVAILING PARTY SHALL NOT BE ENTITLED TO RECOVER ATTORNEYS' FEES OR COSTS ASSOCIATED WITH PURSUING THE CLASS OR REPRESENTATIVE ACTION (NOT WITHSTANDING ANY OTHER PROVISION IN THIS AGREEMENT); AND (II) THE PARTY WHO INITIATES OR PARTICIPATES AS A MEMBER OF THE CLASS WILL NOT SUBMIT A CLAIM OR OTHERWISE PARTICIPATE IN ANY RECOVERY SECURED THROUGH THE CLASS OR REPRESENTATIVE ACTION. n. JURY WAIVER: WE AND CLIENT, TO THE EXTENT PERMITTED BY LAW, EACH KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT TO A TRIAL BY JURY IN ANY ACTION ARISING OUT OF OR RELATING TO THIS ENGAGEMENT LETTER OR THE SERVICES TO BE PERFORMED BY US PURSUANT HERETO. THIS WAIVER APPLIES TO ANY LEGAL ACTION OR PROCEEDING WHETHER SOUNDING IN CONTRACT, TORT, NEGLIGENCE OR OTHERWISE. 11. Miscellaneous : o. This Engagement Letter and all Exhibits shall not be amended, unless in writing and signed by authorized representatives of all parties. p. This Engagement Letter and Exhibits contains the full and complete understanding between us and Client with respect to the subject matter and services described in this Engagement Letter and supersedes all prior representations, agreements, contracts, and understandings concerning such subject matter and services, whether they be oral or written, including but not limited to any prior non- disclosure agreements. q. The signatories to this Engagement Letter represent and warrant that such persons are lawfully authorized and empowered to execute the Engagement Letter on behalf of the party on whose behalf such person is signing, and that upon execution, this Engagement Letter will be binding upon such party, without any further approval, ratification, or other action. r. Any provision of this Engagement Letter which is prohibited or unenforceable shall be so only as to the prohibited and unenforceable provisions, but all the remaining provisions of this Engagement Letter shall remain valid and enforceable. No party to this Engagement Letter and Exhibits shall assign its rights and obligations under this Engagement Letter without prior written consent of the other party, except that we may assign this Engagement Letter and any and all of our rights and obligations hereunder without prior written consent in connection with (a) a sale, assignment, corporate restructuring, reorganization or transfer of substantially all of our assets, (b) a change in control transaction and (c) an assignment to an affiliate under common control with us (either (a), (b) or (c), a "Transaction"). Client acknowledges and agrees that upon such assignment by us in connection with a Transaction, the assignee shall have the right to enforce the terms of this Engagement Letter as if it were an original party hereto. Further, in the event of a Transaction, Client hereby consents to the disclosure and transfer to the assignee of the entire client file, and all documents and information necessary for the assignee to perform the services hereunder, including confidential client information. I have read and agree to the Terms and Conditions of Engagement. i u Federal law requires this consent form be provided to you. Unless authorized by law, we cannot disclose, without your consent, your tax return information to third parties for purposes other than the preparation and filing of your tax return and, in certain limited circumstances, for purposes involving tax return preparation. If you consent to the disclosure of your tax return information, Federal law may not protect your tax return information from further use or distribution. You are not required to complete this form to engage our tax return preparation services. Because our ability to disclose your tax return information to another tax return preparer affects the service that we provide to you and its cost, we may decline to provide you with service or change the terms of service that we provide to you if you do not sign this form. If you agree to the disclosure of your tax return information, your consent will remain in effect during the time in which you engage us to provide services unless you notify us in writing that you no longer wish to disclose your tax return information. This consent to disclose may result in your tax return information being disclosed to a tax return preparer located outside the United States, including your personally identifiable information such as your Social Security Number ("SSN"). Both the tax return preparer in the U.S. that will disclose your SSN and the tax return preparer located outside the U.S. which will receive your SSN maintain an adequate data protection safeguard (as required by the regulations under 26 U.S.C. §7216) to protect privacy and prevent unauthorized access of tax return information. If you consent to the disclosure of your tax return information, Federal agencies may not be able to enforce U.S. laws that protect the privacy of your tax return information against a tax return preparer located outside of the U.S. to which the information is disclosed. If you agree to allow the firm to disclose your tax return information, as set forth below, please sign and date this consent to the disclosure of your tax return information. I, authorize firm to disclose Taxpayer's tax return information (including the entire return(s) and Taxpayer's SSN(s)) to firm outside the United States for the purpose of assisting in the preparation of Taxpayer's tax return(s). Taxpayer Signature: Date: If you believe your tax return information has been disclosed or used improperly in a manner unauthorized by law or without your permission, you may contact the Treasury Inspector General for Tax Administration (TIGTA) by telephone at 1-800-366-4484, or by email at complaints&tiQta.treas.gov . VIS6544 08/06/2024 11:58 AM Forms 990 / 990-EZ Return Summary For calendar year 2023, or tax year beginning , and ending Visit Kitsap Peninsula Net Asset / Fund Balance at Beginning of Year Revenue Contributions Program service revenue Investment income Capital gain / loss Fundraising / Gaming: Gross revenue _ Direct expenses Net income Other income Total revenue Expenses Program services Management and general Fundraising Total expenses Excess / (deficit) Changes Net Asset / Fund Balance at End of Year Reconciliation of Revenue Total revenue per financial statements Less: Unrealized gains Donated services Recoveries Other Plus: Investment expenses Other Total revenue per return 502,882 Beginning Assets 115,299 Liabilities 24,447 Net assets 90,852 502,882 0 360,637 46,757 84,157 91-1146544 90,852 502,882 491,551 11,331 102,183 Reconciliation of Expenses Total expenses per financial statements Less: Donated services Prior year adjustments Losses Other Plus: Investment expenses Other Total expenses per return 491,551 Balance Sheet Ending Differences 108,899 6,716 102,183 11,331 Miscellaneous Information Amended return _ Return / extended due date 11/15/24 Failure to file penalty VIS6544 08/06/2024 11:58 AM IRS E-file Signature Authorization Form 8879-TE for a Tax Exempt Entity OMB No. 1545-0047 For calendar year 2023, or fiscal year beginning . . . . . . . . . . . . . . . . 2023, and ending . , . , . , . , . , . , . 20 /� O /� /� Department of the Treasury Do not send to the IRS. Keep for your records. L L3 Internal Revenue Service Go to www.irs. ov/Form8879TE for the latest information. Name of filer EIN or SSN Visit Kitsap Peninsula �91-1146544 Name and title of officer or person subject to tax Beth Javens Excutive Director Part I Type of Return and Return Information Check the box for the return for which you are using this Form 8879-TE and enter the applicable amount, if any, from the return. Form 8038-CP and Form 5330 filers may enter dollars and cents. For all other forms, enter whole dollars only. If you check the box on line la, 2a, 3a, 4a, 5a, 6a, 7a, 8a, 9a, or 10a below, and the amount on that line for the return being filed with this form was blank, then leave line 1b, 2b, 3b, 4b, 5b, 6b, 7b, 8b, 9b, or 10b, whichever is applicable, blank (do not enter -0-). But, if you entered -0- on the return, then enter -0- on the applicable line below. Do not complete more than one line in Part I. 1a Form 990 check here X b Total revenue, if any (Form 990, Part VIII, column (A), line 12) 1b 502,882 2a Form 990-EZ check here b Total revenue, if any (Form 990-EZ, line 9) 2b 3a Form 1120-POL check here b Total tax (Form 1120-POL, line 22) 3b ............................................ 4a Form 990-PF check here b Tax based on investment income (Form 990-PF, Part V, line 5) 4b 5a Form 8868 check here b Balance due (Form 8868, line 3c) 5b 6a Form 990-T check here b Total tax (Form 990-T, Part III, line 4) 6b ..................................... 7a Form 4720 check here b Total tax (Form 4720, Part III, line 1)...................................... 7b 8a Form 5227 check here b FMV of assets at end of tax year (Form 5227, Item D) ................ 8b 9a Form 5330 check here b Tax due (Form 5330, Part II, line 19)..................................... 9b 10a Form 8038-CP check here .. Ll b Amount of credit payment requested (Form 8038-CP, Part III, line 22) 10b Part II Declaration and Si nature Authorization of Officer or Person Subject to Tax Under penalties of perjury, I declare tha X I am an officer of the above entity or 1 am a person subject to tax with respect to (name of entity) , (EIN) and that I have examined a copy of the 2023 electronic return and accompanying schedules and statements, and, to the best of my knowledge and belief, they are true, correct, and complete. I further declare that the amount in Part I above is the amount shown on the copy of the electronic return. I consent to allow my intermediate service provider, transmitter, or electronic return originator (ERO) to send the return to the IRS and to receive from the IRS (a) an acknowledgement of receipt or reason for rejection of the transmission, (b) the reason for any delay in processing the return or refund, and (c) the date of any refund. If applicable, I authorize the U.S. Treasury and its designated Financial Agent to initiate an electronic funds withdrawal (direct debit) entry to the financial institution account indicated in the tax preparation software for payment of the federal taxes owed on this return, and the financial institution to debit the entry to this account. To revoke a payment, I must contact the U.S. Treasury Financial Agent at 1-888-353-4537 no later than 2 business days prior to the payment (settlement) date. I also authorize the financial institutions involved in the processing of the electronic payment of taxes to receive confidential information necessary to answer inquiries and resolve issues related to the payment. I have selected a personal identification number (PIN) as my signature for the electronic return and, if applicable, the consent to electronic funds withdrawal. PIN: check one box only ❑X I authorize Parker Mooers & Cena, LLC to enter my PIN 65441 as my signature ERO firm name Enter five numbers, but do not enter all zeros on the tax year 2023 electronically filed return. If I have indicated within this return that a copy of the return is being filed with a state agency(ies) regulating charities as part of the IRS Fed/State program, I also authorize the aforementioned ERO to enter my PIN on the return's disclosure consent screen. As an officer or person subject to tax with respect to the entity, I will enter my PIN as my signature on the tax year 2023 electronically filed return. If I have indicated within this return that a copy of the return is being filed with a state agency(ies) regulating charities as part of the IRS Fed/State program, I will enter my PIN on the return's disclosure consent screen. Signature of officer or person subject to tax Date 0 8 / 0 6 / 2 4 Part III Certification and Authentication ERO's EFIN/PIN. Enter your six -digit electronic filing identification number (EFIN) followed by your five -digit self-selected PIN. 191345615151 Do not enter all zeros I certify that the above numeric entry is my PIN, which is my signature on the 2023 electronically filed return indicated above. I confirm that I am submitting this return in accordance with the requirements of Pub. 4163, Modernized a -File (MeF) Information for Authorized IRS e-file Providers for Business Returns. ERO's signature Dennis Bryan, CPA Date 08/06/24 ERO Must Retain This Form - See Instructions Do Not Submit This Form to the IRS Unless Requested To Do So For Privacy Act and Paperwork Reduction Act Notice, see back of form. Form 8879-TE (2023) DAA VIS6544 08/06/2024 11:58 AM Form 990 Department of the Treasury Internal Revenue Service Return of Organization Exempt From Income Tax OMB No. 1545-0047 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) 2023 Do not enter social security numbers on this form as it may be made public. Open to Public A For the 2023 calendar year, or tax year beginning and ending B Check if applicable: C Name of organization D Employer identification number ❑X Address change Visit Kitsap Peninsula ❑ Name change Doing business as 91-114 654 4 Number and street (or P.O. box if mail is not delivered to street address) Room/suite E Telephone number ❑ Initial return 19225 8th Ave NE Suite 201-2022 800-337-0580 ❑Final return/ City or town, state or province, country, and ZIP or foreign postal code terminated Poulsbo WA 98370 G Gross recei ts$ 502,882 ❑ Amended return F Name and address of principal officer: ❑ Application pending John Kuntz R(a) Is this a group return for subordinates❑ Yes X No HIM Are all subordinates included? ❑ Yes ❑ No If "No," attach a list. See instructions Tax-exempt status: 501(c)(3) X 501(c) 6 (inset no.) 4947(a)(1) or 527 J Website: Vlsltkltsa . com H(c) Group exemption number K Form of organization: X Cor oration Trust Association Other L Year of formation: 1981 M State of legal domicile: Part I Strmmary 1 Briefly describe the organization's mission or most significant activities: c°', .......................................................................... See Schedule O M ....................................................................................................................................................... c....................................................................................................................................................... d 0 2 Check this box if the organization discontinued its operations or disposed of more than 25% of its net assets. x3 3 Number of voting members of the governing body (Part VI, line 1a) 3 5 _ ............................................ 4 Number of independent voting members of the governing body (Part VI, line 1b) .................. ............ 4 4 2 5 Total number of individuals employed in calendar year 2023 (Part V, line 2a) 5 1 a 6 Total number of volunteers estimate if necessary) ( rY)............................................................. 6 0 7aTotal unrelated business revenue from Part VIII, column (C), line 12 ........................................... 7a 0 b Net unrelated business taxable income from Form 990-T, Part I, line 11....................................... 7b 0 Prior Year Current Year 531,571 502,882 8 Contributions and grants (Part VIII, line 1h) ................................................ 0 r- 9 Program service revenue (Part VIII, line 2g) 10 Investment income (Part VIII, column (A), lines 3, 4, and 7d) 0 11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 0 ................... 12 Total revenue — add lines 8 through 11 must equal Part VIII, column (A), line 12 ....... 531,571 502,882 13 Grants and similar amounts paid (Part IX, column (A), lines 1-3) ......................... 7 379 7,285 0 14 Benefits paid to or for members (Part IX, column (A), line 4) ............................... 185,779 176,449 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) 16aProfessional fundraising fees (Part IX, column (A), line 11e) 0 CL K b Total fundraising expenses (Part IX, column (D), line 25) 841157 330,459 307,817 W 17 Other expenses (Part IX, column (A), lines 11a-11d, 11f-24e) ............................ 523,617 491,551 18 Total expenses. Add lines 13-17 (must equal Part IX, column (A), line 25) ............... 7,954 11,331 19 Revenue less expenses. Subtract line 18 from line 12 o a; Beginning of Current Year End of Year 115,299 108,899 N 20 Total assets (Part X, line 16) 24,447 6,716 Nm................................................................ a 21 Total liabilities Part X, line 26 () 90,852 102,183 z= .............................................................. 22 Net assets or fund balances. Subtract line 21 from line 20................................. Part II Signature Block Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge. Sign Here Signature of officer Beth Javens Excutive Date Director Type or print name and title Paid Print/Type preparer's name Dennis Bryan, CPA Preparer's signature Dennis Bryan, CPA Date 08/06/24 Check if self-employed PTIN P00314405 Preparer Firm's name Parker Mooers & Cena LLC Firm's EIN 99-3460705 Use Only 9222 Bay Shore Dr NW Ste 150 Firm's address Silverdale WA 98383 Phone no. 360-692-8808 May the IRS discuss this return with the preparer shown above? See instructions . . . . . ...................... . . . . . . . . . . . . . . . . . . . . . ... . .. 1X1 Yes I I No For Paperwork Reduction Act Notice, see the separate instructions. Form 990 (2023) DAA VIS6544 08/06/2024 11:58 AM Form 990 (2023) Visit Kitsap Peninsula 91-1146544 Page 2 Part III Statement of Program Service Accomplishments Check if Schedule O contains a response or note to anv line in this Part III n 1 Briefly describe the organization's mission ............................................. ............................................. ............................................. 2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ?......................................................................................................... ❑Yes �X No If "Yes," describe these new services on Schedule O. 3 Did the organization cease conducting, or make significant changes in how it conducts, any program services?........................................................................................................................... Yes �X No If "Yes," describe these changes on Schedule O. 4 Describe the organization's program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported. 4d Other program services (Describe on Schedule O.) (Expenses $ including grants of$ ) (Revenue $ ) 4e Total program service expenses DAA Form 990 (2023) VIS6544 08/06/2024 11:58 AM Form 990 (2023) Visit Kitsap Peninsula 91-1146544 Page 3 Part IV Checklist of Required Schedules Yes No 1 Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A ............................................................................................................... 1 X 2 X 2 Is the organization required to complete Schedule B, Schedule of Contributors? See instructions ............................... 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part 1 ................................................................ 3 X 4 Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part 11 ..................................................... 4 5 Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part Ill ...................... 5 X 6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part 1 ................................................................................................ 6 X 7 Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part 11 .............................. 7 X 8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part 111 ...................................................................................................... 8 X 9 Did the organization report an amount in Part X, line 21, for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IV ................................................................ 9 X 10 Did the organization, directly or through a related organization, hold assets in donor -restricted endowments or in quasi -endowments? If "Yes," complete Schedule D, Part V .................................................................. 10 X 11 If the organization's answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable. a Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete Schedule D, Part VI ...................................................................................................... 11 a X b Did the organization report an amount for investments —other securities in Part X, line 12, that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part Vll ............................................ 11b X c Did the organization report an amount for investments —program related in Part X, line 13, that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part Vlll ........................................... 11c X d Did the organization report an amount for other assets in Part X, line 15, that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part 1X 11d X 11e X ............................................................... e Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X ............. f Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X .......... 11f X 12a Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete Schedule D, Parts XI and X11....................................................................................................... 12a X b Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and Xll is optional 12b X 13 X 13 Is the organization a school described in section 170 b 1 A ii . If "Yes," complete Schedule E ................................ 14a X 14a Did the organization maintain an office, employees, or agents outside of the United States? .................................... b Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV ................................ 14b X 15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If "Yes," complete Schedule F, Parts 11 and 1V ...................................................... 15 X 16 Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If "Yes," complete Schedule F, Parts 111 and IV .......................................... 16 X 17 Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part 1. See instructions ................................... 17 X 18 Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part 11 ................................................................. 18 X 19 Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part lll............................................................................................. 19 X 20a X 20a Did the organization operate one or more hospital facilities? if "Yes," complete Schedule H ..................................... 20b b If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return? ......................... 21 Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1 ? If "Yes," complete Schedule 1, Parts I and II ............................... 21 X DAA Form 990 (2023) VIS6544 08/06/2024 11:58 AM Form 990 (2023) Visit Kitsap Peninsula 91-1146544 Page 4 Part IV Checklist of Required Schedules continued Yes No 22 Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If "Yes," complete Schedule I, Parts 1 and III ......................................................... 22 X 23 Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J ........................................................................................ 23 X 24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If "Yes," answer lines 24b through 24d and complete Schedule K. If "No," go to line 25a .................................................................... 24a X 24b b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? ......................... c Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds? ................................................................................................ 24c 24d d Did the organization act as an "on behalf of issuer for bonds outstanding at any time during the year? ......................... 25a Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I .................................... 25a b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I ............................................................................................... 25b 26 Did the organization report any amount on Part X, line 5 or 22, for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part II .............................. 26 X 27 Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons? If "Yes," complete Schedule L, Part Ill ................................................................................... 27 X 28 Was the organization a party to a business transaction with one of the following parties? (See the Schedule L, Part IV, instructions for applicable filing thresholds, conditions, and exceptions). a A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV 28a X 28b X ............................................................................................... b A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV ................................ c A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV 28c X 29 X ............................................................................................... 29 Did the organization receive more than $25,000 in noncash contributions? If "Yes," complete Schedule M ..................... 30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M ....................................................................... 30 X 31 X 31 Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part 1 ............. 32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part 11 ....................................................................................................... 32 X 33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part 1 ..................................................... 33 X 34 Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part 11, ill, or IV, and Part V, line 1 ............................................................................................................ 34 X 35a X 35a Did the organization have a controlled entity within the meaning of section 512(b)(13)? ......................................... b If "Yes" to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? if "Yes," complete Schedule R, Part V, line 2 ....................... 35b 36 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non -charitable related organization? If "Yes," complete Schedule R, Part V, line 2 ............................................................... 36 37 Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI ................... 37 X 38 Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note: All Form 990 filers are required to complete Schedule O.............................................................. 38 X Part V Statements Regarding Other IRS Filings and Tax Compliance Check if Schedule O contains a response or note to anv line in this Part V n 1a Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable 1a 4 b Enter the number of Forms W-2G included on line 1 a. Enter -0- if not applicable lb c Did the organization comply with backup withholding rules for reportable payments to vendors and DAA Form 990 (2023) VIS6544 08/06/2024 11:58 AM Form 990 (2023) Visit Kitsap Peninsula 91-1146544 Page 5 Part V Statements Regarding Other IRS Filings and Tax Compliance continued Yes No 2a Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return 2a 1 b If at least one is reported on line 2a, did the organization file all required federal employment tax returns? 2b X 3a X ..................... 3a Did the organization have unrelated business gross income of $1,000 or more during the year? ................................ 3b b If "Yes," has it filed a Form 990-T for this year? If "No" to line 3b, provide an explanation on Schedule O ....................... 4a At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? .............. 4a X b If "Yes," enter the name of the foreign country See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). 5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ............................ 5a X 5b X b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? .................... 5c c If "Yes" to line 5a or 5b, did the organization file Form 8886-T? ................................................................... 6a Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? .................................. 6a X b If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ...................................................................................................... 6b 7 Organizations that may receive deductible contributions under section 170(c). a Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ............................................................................................... 7a 7b b If "Yes," did the organization notify the donor of the value of the goods or services provided? ................................... c Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? ........................................................................................................ 7c d If "Yes," indicate the number of Forms 8282 filed during the year 7d ................................ e Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? ................. 7e 7f f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..................... 7 g If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? 7h h If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? 8 Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........................................... 8 9 Sponsoring organizations maintaining donor advised funds. a Did the sponsoring organization make any taxable distributions under section 4966? ........................................... 9a 9b b Did the sponsoring organization make a distribution to a donor, donor advisor, or related person? .............................. 10 Section 501(c)(7) organizations. Enter: a Initiation fees and capital contributions included on Part VIII, line 12 10a b Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities 10b 11 Section 501(c)(12) organizations. Enter: a Gross income from members or shareholders 11a .................................................... b Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) 11b .................................................... 12a Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041? ................. 12a b If "Yes," enter the amount of tax-exempt interest received or accrued during the year .......... I 12b 13 Section 501(c)(29) qualified nonprofit health insurance issuers. 13a a Is the organization licensed to issue qualified health plans in more than one state? ............................................. Note: See the instructions for additional information the organization must report on Schedule O. b Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans 13b ....................................... c Enter the amount of reserves on hand I 13c ............................................................ 14a X 14a Did the organization receive any payments for indoor tanning services during the tax year? ..................................... 14b b If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation on Schedule O...................... 15 Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ................................................................................... 15 X If "Yes," see instructions and file Form 4720, Schedule N. 16 Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ................ 16 X If "Yes," complete Form 4720, Schedule O. 17 Section 501(c)(21) organizations. Did the trust, any disqualified or other person engage in any activities that would result in the imposition of an excise tax under section 4951, 4952 or 4953?.......................................... 17 If "Yes." complete Form 6069. Form 990 (2023) DAA VIS6544 08/06/2024 11:58 AM Form 990 (2023) Visit Kitsap Peninsula 91-1146544 Page 6 Part VI Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to line 8a, 8b, or 10b below, describe the circumstances, processes, or changes on Schedule O. See instructions. Check if Schedule O contains a response or note to any line in this Part VI ................................................. n Section A. Governina Bodv and Manaaement Yes No 1a Enter the number of voting members of the governing body at the end of the tax year 1a 5 ....................... If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain on Schedule O. b Enter the number of voting members included on line 1 a, above, who are independent lb 4 ..................... 2 Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? ............................................................................. 2 X 3 Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors, trustees, or key employees to a management company or other person? ..................... 3 X 4 X 4 Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? 5 X 5 Did the organization become aware during the year of a significant diversion of the organization's assets? 6 X ..................... 6 Did the organization have members or stockholders? ............................................................................. 7a Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? .................................................................................... 7a X b Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ......................................................................... 7b X 8 Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following: a The governing body? ............................................................................................................... 8a X 8b X b Each committee with authority to act on behalf of the governing body? ........................................................... 9 Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization's mailing address? If "Yes," provide the names and addresses on Schedule O................................. 9 X Section B. Policies This Section B requests information about policies not required by the Internal Revenue Code. Yes No 10a X 10a Did the organization have local chapters, branches, or affiliates? ................................................................. b If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes? .................... 10b 11a X 11a Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? b Describe on Schedule O the process, if any, used by the organization to review this Form 990. 12a Did the organization have a written conflict of interest policy? If "No," go to line 13 ............................................... 12a X 12b b Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? c Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done ....................................................................................... 12c 13 X 13 Did the organization have a written whistleblower policy? ......................................................................... 14 X 14 Did the organization have a written document retention and destruction policy? ................................................. 15 Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision? a The organization's CEO, Executive Director, or top management official 15a X 15b X ......................................................... b Other officers or key employees of the organization ............................................................................... If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions. 16a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? .............................................................................................. 16a X b If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization's exempt status with respect to such arrangements? ................................................................ 16b Section C. Disclosure 17 List the states with which a copy of this Form 990 is required to be filed None .............................................................................. 18 Section 6104 requires an organization to make its Forms 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c) (3)s only) available for public inspection. Indicate how you made these available. Check all that apply. ❑ Own website ❑ Another's website ❑ Upon request ❑ Other (explain on Schedule O) 19 Describe on Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year. 20 State the name, address, and telephone number of the person who possesses the organization's books and records. Patricia Graf -Hoke 9230 Bay Shore Dr NW Ste 101 Silverdale WA 98383 800-337-0580 DAA Form 990 (2023) VIS6544 08/06/2024 11:58 AM Form 990 (2023) Visit Kitsap Peninsula 91-1146544 Page 7 Part VII Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors Check if Schedule O contains a response or note to any line in this Part VII........................................ ❑ Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees 1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization's tax year. • List all of the organization's current officers, directors, trustees (whether individuals or organizations), regardless of amount of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid. • List all of the organization's current key employees, if any. See instructions for definition of "key employee." • List the organization's five current highest compensated employees (other than an officer, director, trustee, or key employee) who received reportable compensation (box 5 of Form W-2, box 6 of Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the organization and any related organizations. • List all of the organization's former officers, key employees, and highest compensated employees who received more than $100,000 of reportable compensation from the organization and any related organizations. • List all of the organization's former directors or trustees that received, in the capacity as a former director or trustee of the organization, more than $10,000 of reportable compensation from the organization and any related organizations. See the instructions for the order in which to list the persons above. ❑X Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee. (c) (A) (B) Position (D) (E) (F) Name and title Average (do not check more than one box, unless person is both an Reportable Reportable Estimated amount hours officer and a director/trustee) compensation compensation of other per week from the from related compensation R ET N 0 71 o (list any organization (W-2/ organizations (W-2/ from the hours for a :-5:" m 5 ,p - m 3 o m 3 1099-MISC/ 1099-MISC/ organization and 9 related m 0 3 m 1099-NEC) 1099-NEC) related organizations organizations R �o below - m (D dotted line) y m m m � n (1) Arne Bakker .......................................... Vice President 0.00 X 0 0 0 (2)Monica Downen ........................................... Secretary ..P.. 0.00 1XI I 1 0 0 0 (3) Beth Javens 0 ......................................... Excutive Director ..P.. 0.00 X 0 0 0 (4) John Kuntz 0 .......................................... President ..P.. 0.00 X 0 0 0 (5)Diane Robinson .......................................... Treasurer 0.00 X 0 0 0 (6) ..................................................... (7) ..................................................... (8) ..................................................... (9) ..................................................... (10) ..................................................... (11) Form 990 (2023) DAA VIS6544 08/06/2024 11:58 AM Form 990 (2023) Visit Kitsap Peninsula 91-1146544 Page 8 Part VII Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued) (C) Position (A) A (do not check more than one (D) (E) (F) Name and title Average box, unless person is both an Reportable Reportable Estimated amount hours officer and a director/trustee) compensation compensation of other per week from the from related compensation ET _ ET � m n 0 (list any organization (W-2/ organizations (W-2/ from the hours for n o N 1099-MISC/ 1099-MISC/ organization and related o m o 1099-NEC) 1099-NEC) related organizations organizations ' 2 — 0 below N C ry dotted line) m m (12) ..................................................... (13) ..................................................... (14) ..................................................... (15) ..................................................... (16) ..................................................... (17) ..................................................... (18) ..................................................... (19) ..................................................... 1 b Subtotal.............................................................. c Total from continuation sheets to Part VII, Section A............ d Total add lines 1b and 1c......................................... 2 Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization 0 3 Did the organization list any former officer, director, trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual.......................................................... 3 X 4 For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such individual 4 X ........................................................................................................................... 5 Did any person listed on line la receive or accrue compensation from any unrelated organization or individual for services rendered to the oraanization? If "Yes." complete Schedule J for such person 5 X Section B. Independent Contractors 1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year endinq with or within the orqanization's tax year. A Name and business address B Description of services C Compensation 2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0 DAA Form 990 (2023) VIS6544 08/06/2024 11:58 AM Form 990 (2023) Visit Kitsap Peninsula 91-1146544 Page 9 Part VIII Statement of Revenue Check if Schedule O contains a response or note to any line in this Part VIII..................................... (A) Total revenue (B) Related or exempt function revenue (c) Unrelated business revenue (D) Revenue excluded from tax under sections 512-514 00 1a Federated campaigns b Membership dues 1a 1b 599 1c $a c7,`—° c Fundraising events d Related organizations 1d c in o ) 3t a O �-0 U m a Government grants (contributions) f All other contributions, gifts, grants, and similar amounts not included above ...... g Noncash contributions included in lines la-1f ............................ h Total. Add lines la-1f......................................... 502 , 882 le 480,547 1f 21,736 1 $ Business Code '; ,_ 4) d CO3 d.................................................... T 2 CL..................................................... 2a .................................................... b..................................................... c d..................................................... e f All other program service revenue ................. Total. Add lines 2a-2f......................................... 3 Investment income (including dividends, interest, and other similar amounts) ......................................... 4 Income from investment of tax-exempt bond proceeds 5 Royalties....................................................... (i) Real (ii) Personal 6a 6a Gross rents 6b b Less: rental expense 6c c Rental inc. or (loss) or loss ..................................... d Net rental income 7a Gross amount from sales of assets (i) Securities (ii) other 7a other than inventory 7b c j W b Less: cost or other basis and sales exps. c Gain or (loss) 7c td p Net gain or (loss) ............................................... 8a Gross income from fundraising events (not including $ .................... of contributions reported on line 1c). See Part IV, line 18 8a .............. b Less: direct expenses 8b ............. c Net income or (loss) from fundraisin events .................. 9a Gross income from gaming activities. See Part IV, line 19 9a b Less: direct expenses 91b ............. c Net income or (loss) from gaming activities ................... 10a Gross sales of inventory, less returns and allowances 10a b Less: cost of goods sold 10b c Net income or loss from sales of invento ................... w m am _ my 0m MIX................................................... 11 a ..................................................... b .................................................... c d All other revenue ................................... Business Code e Total. Add lines 11a-11d...................................... 12 Total revenue. See instructions ............................... 1 502,8821 01 01 0 Form 990 (2023) KOM VIS6544 08/06/2024 11:58 AM Form 990 (2023) Visit Kitsap Peninsula 91-1146544 Page 10 Part IX Statement of Functional Expenses Section 501 c 3 and 501 c 4 organizations must complete all columns. All other organizations must complete column (A). Check if Schedule 0 contains a response or note to anv line in this Part IX Do not include amounts reported on lines 6b, 8b, 9b, and 10b of Part V111. b, (A) Total expenses ........................................................... (B) Program service expenses (c) Management and general expenses (D) Fundraising expenses 1 2 3 4 5 6 7 8 9 10 11 a b c d e f g 12 13 14 15 16 17 18 19 20 21 22 23 24 a b c d e 25 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 Grants and other assistance to domestic individuals. See Part IV, line 22 ........... Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 Benefits paid to or for members Compensation of current officers, directors, trustees, and key employees .............. Compensation not included above to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) Other salaries and wages ................. Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) Other employee benefits .................. Payroll taxes .............................. Fees for services (nonemployees): Management .............................. Legal ...................................... Accounting ................................ Lobbying ................................... Professional fundraising services. See Part IV, line Investment management fees Other. (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule 0.) Advertising and promotion ................ office expenses ........................... Information technology .................... Royalties .................................. occupancy ................................ Travel ..................................... nter. Payments of travel or etainment expens for any federal, state, or local public officials Conferences, conventions, and meetings Interest .................................... Payments to affiliates ..................... Depreciation, depletion, and amortization Insurance .................................. Other expenses. Itemize expenses not covered above. (List miscellaneous expenses on line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule 0.) Dues and Subscriptions ............................................. Moving Expense ............................................. Bank Fees ............................................. Business Development ............................................. All other expenses ........................ Total functional expenses. Add lines 1 through 24e 6,785 6,785 500 500 138,800 111,040 13,880 13,880 21,155 16,924 2,116 2,115 16,494 13,195 1,650 1,649 6,574 6,574 7,385 7,385 7 197 197 229,652 172,239 57,413 8,998 2,250 4,499 2,249 41,138 32,911 4,114 4,113 s 468 468 2,264 566 1,132 566 7,063 1,766 3,531 1,766 1,350 1,350 1,285 643 642 1,012 1,012 431 25 406 491,551 360,637 46,757 84,157 26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational cam paiin and fundraising solicitation. Check herif followin SOP 98-2 ASC 958-720.......... AAA Form 990 (2023) VIS6544 08/06/2024 11:58 AM Form 990 (2023) Visit Kitsap Peninsula 91-1146544 Page 11 Part X Balance Sheet Check if Schedule O contains a response or note to anv line in this Part X n (A) (B) Beginning of year End of year 1 Cash —non -interest -bearing .......................................................... 58,208 1 14,213 2 2 Savings and temporary cash investments ............................................ 3 3 Pledges and grants receivable, net ................................................... 54,769 4 37,728 4 Accounts receivable, net .............................................................. 5 Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......................... 5 6 Loans and other receivables from other disqualified persons (as defined r w7 a under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) Notes and loans receivable, net 8 Inventories for sale or use ............................................................ 6 7 8 9 9 Prepaid expenses and deferred charges .................... ........................ 10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 23 753 .............. b Less: accumulated depreciation 10b 22 949 ..................... 1,272 10c 804 11 11 Investments —publicly traded securities .............................................. 12 12 Investments —other securities. See Part IV, line 11 .................................. 13 13 Investments —program -related. See Part IV, line 11 ................................. 14 14 Intangible assets ...................................................................... 1,050 15 56,154 15 Other assets. See Part IV, line 11 .................................................... 16 Total assets. Add lines 1 through 15 must e ual line 33 ........................... 115,299 16 108,899 17 Accounts payable and accrued expenses ............................................ 24,083 17 2,604 18 18 Grants payable ........................................................................ 19 19 Deferred revenue ..................................................................... 20 20 Tax-exempt bond liabilities ............................................................ 21 21 Escrow or custodial account liability. Complete Part IV of Schedule D ............... - 22 Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons 23 Secured mortgages and notes payable to unrelated third parties 22 23 364 24 .................... 24 Unsecured notes and loans payable to unrelated third parties ....................... 25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D......................................................................... 25 4,112 26 Total liabilities. Add lines 17 through 25............................................ 24,447 26 6,716 y d c `—° m................................................. m LL Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33. 27 Net assets without donor restrictions 28 Net assets with donor restrictions ............................... .................. Organizations that do not follow FASB ASC 958, check hejA and complete lines 29 through 33. 27 28 0 y...................................... N a 29 Capital stock or trust principal, or current funds 30 Paid -in or capital surplus, or land, building, or equipment fund 31 Retained earnings, endowment, accumulated income, or other funds 22,978 29 22,978 30 67,874 31 79,205 90,852 32 102,183 d z 32 Total net assets or fund balances .... ............................................ 33 Total liabilities and net assets/fund balances ......................................... 115,299 33 108,899 Form 990 (2023) 190 VIS6544 08/06/2024 11:58 AM Form 990 (2023) Visit Kitsap Peninsula 91-1146544 Page 12 Part XI Reconciliation of Net Assets Check if Schedule O contains a response or note to any line in this Part XI ................................................. X 1 Total revenue (must equal Part VIII, column (A), line 12) 1 502 882 ........................................................... 2 Total expenses (must equal Part IX, column (A), line 25) ........................................................... 2 491,551 3 11,331 3 Revenue less expenses. Subtract line 2 from line 1 ................................................................. 4 90,852 4 Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ........................ 5 5 Net unrealized gains (losses) on investments ....................................................................... 6 6 Donated services and use of facilities ............................................................................... 7 7 Investment expenses ................................................................................................ 8 8 Prior period adjustments ............................................................................................. 9 9 Other changes in net assets or fund balances (explain on Schedule O) ............................................ 10 Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column B....................................................................................................... 10 102,183 Part XII Financial Statements and Reporting Check if Schedule O contains a response or note to any line in this Part XII................................................ Yes No 1 Accounting method used to prepare the Form 990: ❑ Cash X Accrual ❑ Other If the organization changed its method of accounting from a prior year or checked "Other," explain on Schedule O. 2a Were the organization's financial statements compiled or reviewed by an independent accountant? ............................ 2a X If "Yes," check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both. ❑ Separate basis ❑ Consolidated basis ❑ Both consolidated and separate basis b Were the organization's financial statements audited by an independent accountant? ........................................... 2b X If "Yes," check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both. ❑ Separate basis ❑ Consolidated basis ❑ Both consolidated and separate basis c If "Yes" to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant? ....................... 2c If the organization changed either its oversight process or selection process during the tax year, explain on Schedule O. 3a As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Uniform Guidance, 2 C.F.R. Part 200, Subpart F? ................................................................................ 3a b If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why on Schedule O and describe any steps taken to undergo such audits ..................... 3b Form 990 (2023) VIS6544 08/06/2024 11:58 AM SCHEDULE D Supplemental Financial Statements (Form 990) Complete if the organization answered "Yes" on Form 990, Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b. Department of the Treasury Attach to Form 990. Internal Revenue service Go to www.irs.00v/Form990 for instructions and the latest informat OMB No. 1545-0047 2023 Open to Public Name of the organization I Employer identification number Visit Kitsap Peninsula 191-1146544 Part I Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts Complete if the organization answered "Yes" on Form 990, Part IV, line 6. (a) Donor advised funds I (b) Funds and other accounts 1 Total number at end of year 2 Aggregate value of contributions to (during year) .................. 3 Aggregate value of grants from (during year) 4 Aggregate value at end of year 5 Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization's property, subject to the organization's exclusive legal control? ❑Yes El No 6 Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit?.......................................................................................... ❑ Yes ❑ No Part II Conservation Easements Complete if the organization answered "Yes" on Form 990, Part IV, line 7. 1 Purpose(s) of conservation easements held by the organization (check all that apply). Preservation of land for public use (for example, recreation or education❑ Preservation of a historically important land area Protection of natural habitat Preservation of a certified historic structure Preservation of open space 2 Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year. I held at the End of the Tax Year a Total number of conservation easements r2b .......................................................... b Total acreage restricted by conservation easements c Number of conservation easements on a certified historic structure included on line 2a ....................... d Number of conservation easements included on line 2c acquired after July 25, 2006, and not on a historic structure listed in the National Register I 2d I ............................................................ 3 Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the tax year ............... 4 Number of states where property subject to conservation easement is located 5 Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ❑Yes 1-1 No 6 Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year .............. 7 Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year ........................... 8 Does each conservation easement reported on line 2d above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)?....................................................................................................... ❑ Yes ❑ No 9 In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement and balance sheet, and include, if applicable, the text of the footnote to the organization's financial statements that describes the organization's accounting for conservation easements. Part III Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets Complete if the organization answered "Yes" on Form 990, Part IV, line 8. 1a If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide in Part XIII the text of the footnote to its financial statements that describes these items. b If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items. (i) Revenue included on Form 990, Part VIII, line 1 $ (ii) Assets included in Form 990, Part X $ ................................................................................. ........................... If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the following amounts required to be reported under FASB ASC 958 relating to these items. a Revenue included on Form 990, Part VIII, line 1 $ ........................................................................ ........................... b Assets included in Form 990, Part X..................................................................................... $ For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule D (Form 990) 2023 DAA VIS6544 08/06/2024 11:58 AM Schedule D (Form 990) 2023 Visit Kitsan Peninsula 91-1146544 Paae 2 Part III Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued) 3 Using the organization's acquisition, accession, and other records, check any of the following that make significant use of its collection items (check all that apply). a Public exhibition d Loan or exchange program b Scholarly research a Other ..................................................... c Preservation for future generations 4 Provide a description of the organization's collections and explain how they further the organization's exempt purpose in Part XIII. 5 During the year, did the organization solicit or receive donations of art, historical treasures, or other similar assets to be sold to raise funds rather than to be maintained as part of the organization's collection? ........................... ❑ Yes ❑ No Part IV Escrow and Custodial Arrangements Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21. 1a Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not included on Form 990, Part X?.................................................................................................... ❑Yes ❑ No b If "Yes," explain the arrangement in Part XIII and complete the following table. Amount c Beginning balance 1 c ................................................................................................. d Additions during the year........................................................................................... 1 d e Distributions during the year....................................................................................... 1e fEnding balance..................................................................................................... 1f 2a Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? Yes No b If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided on Part XIII .............................. . Part V Endowment Funds Complete if the orqanization answered "Yes" on Form 990, Part IV, line 10. 1a Beginning of year balance ............ b Contributions .......................... c Net investment earnings, gains, and losses ................................. d Grants or scholarships ................ e Other expenditures for facilities and programs f Administrative expenses . . . . . . . g End of year balance .... . . . . . . . (a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back 2 Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as: a Board designated or quasi -endowment % .............. b Permanent endowment % ............... c Term endowment % .............. The percentages on lines 2a, 2b, and 2c should equal 100%. 3a Are there endowment funds not in the possession of the organization that are held and administered for the organization by: Yes No (i) Unrelated organizations? 3a i (ii) Related organizations? 3a ii ........................................................................................................ Et b If "Yes" on line 3a(ii), are the related organizations listed as required on Schedule R? 3b 4 Describe in Part XIII the intended uses of the organization's endowment funds. Part VI Land, Buildings, and Equipment Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10. Description of property (a) Cost or other basis (investment) (b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value 1a Land ....................................... b Buildings .................................. c Leasehold improvements ................. d Equipment ................................. e Other ...................................... 23,7531 22,949 804 Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, line 10c, column (e)) .............................. 804 Schedule D (Form 990) 2023 VIS6544 08/06/2024 11:58 AM Schedule D (Form 990) 2023 Visit Kitsap Peninsula 91-1146544 Page 3 Part VII Investments - Other Securities Complete if the organization answered "Yes" on Form 990, Part IV, line 11 b. See Form 990, Part X, line 12. (a) Description of security or category (b) Book value (c) Method of valuation: (including name of security) Cost or end -of -year market value (1) Financial derivatives ................................................. (2) Closely held equity interests ......................................... (3) Other ................................................................. (A) ............................................................................ A....................................................................... C .... .D ..................................................................... .... .E ..................................................................... .... .F ..................................................................... G ........................................................................... (H)..................................................................... Total. (Column b must equal Form 990, Part X, line 12, col. 8 Part VIII Investments - Program Related Comnlete if the oroanization answered "Yes" on Form 990. Part IV. line 11c. See Form 990_ Part X_ line 13. (a) Description of investment (b) Book value (c) Method of valuation: Cost or end -of -year market value (1) (2) (3) (4) (5) (6) (7) (8) (9) Total. (Column (b) must equal Form 990, Part X, line 13, col. (8)) ...... Part IX Other Assets ComDlete if the oroanization answered "Yes" on Form 990. Part IV. line 11d. See Form 990. Part X. line 15. (a) Description (b) Book value (1) Unde osited Funds 55,104 (2) Rent Deposit 1,050 (3) (4) (5) (6) (7) (8) (9) Total. (Column (b) must equal Form 990, Part X, line 15, col. (e))............................................................... 56,154 Part X Other Liabilities Complete if the organization answered "Yes" on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25. 1, (a) Description of liability (b) Book value (1) Federal income taxes (2) Other Liabilities 4 r 112 (3) (4) (5) 6 7 (8) (9) Total. (Column (b) must equal Form 990, Part X, line 25, col. (8)) ........... 4,112 2. Liability for uncertain tax positions. In Part All, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FASB ASC 740. Check here if the text of the footnote has been provided in Part XIII ....... n DAA Schedule D (Form 990) 2023 VIS6544 08/06/2024 11:58 AM Schedule D (Form 990) 2023 Visit Kitsap Peninsula 91-1146544 Page 4 Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered "Yes" on Form 990, Part IV, line 12a. 1 Total revenue, gains, and other support per audited financial statements . . . . . . ........ . . ..... . . . . . . 1 2 Amounts included on line 1 but not on Form 990, Part Vill, line 12: a Net unrealized gains (losses) on investments 2a b Donated services and use of facilities 2b .............................................. c Recoveries of prior year grants 2c ..................................................... d Other (Describe in Part XIII.) 2d ........................................................ eAdd lines 2a through 2d.............................................................................................. 2e 3 3 Subtract line 2e from line 1 ........................................................................................... 4 Amounts included on Form 990, Part VIII, line 12, but not on line 1: a Investment expenses not included on Form 990, Part VIII, line 7b 4a b Other (Describe in Part XIII.) 41b c Add lines 4a and 4b ............................................................................... 4c 5 5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part 1, line 12.).................................... Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return Complete if the organization answered "Yes" on Form 990, Part IV, line 12a. 1 Total expenses and losses per audited financial statements ... . . . . . . . . . ...................... . . . . . . 1 2 Amounts included on line 1 but not on Form 990, Part IX, line 25: a Donated services and use of facilities 2a .............................................. b Prior year adjustments 2b .............................................................. cOther losses......................................................................... 2c d Other (Describe in Part XIII.) ......................... 2d e Add lines 2a through 2d .... ......................................................................................... 2e 3 3 Subtract line 2e from line 1 ........................................................................................... 4 Amounts included on Form 990, Part IX, line 25, but not on line 1: a Investment expenses not included on Form 990, Part VIII, line 7b 4a ................. b Other (Describe in Part XIII.) 4b c Add lines 4a and 4b .................................... 4c 5 5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part 1, line 18.).................................. Part XIII Supplemental Information Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part IV, lines lb and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information. ................................................................................................................................................ Schedule D (Form 990) 2023 VIS6544 08/06/2024 11:58 AM Schedule D (Form 990) 2023 190 VIS6544 08/06/2024 11:58 AM SCHEDULE I Grants and Other Assistance to Organizations, (Form 990) Governments, and Individuals in the United States Complete if the organization answered "Yes" on Form 990, Part IV, line 21 or 22. Attach to Form 990. Department of the Treasury Internal Revenue Service Go to wwwJrs.gov/Form990 for the latest information. OMB No. 1545-0047 2023 Open to Public Inspection Name of the organization Employer identification number Visit Kitsap Peninsula �91-1146544 Part I General Information on Grants and Assistance 1 Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and the selection criteria used to award the grants or assistance?................................................................................................................ Yes 0 No 2 Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States. Part II Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed. 1 (a) Name and address of organization or government 9 (b) Ell (c) IRC section if applicable) (d) Amount of cash 9 rant (e) Amount of noncash assistance !fl Method of valuation (book, FMV, appraisal, other (g) Description of noncash assistance (h) Purpose of grant or assistance (1) Community Sponsorship .............................................................. 6,785 Sponsership (2) .............................................................. (3) .............................................................. (4) .............................................................. (5) .............................................................. (6) .............................................................. (7) .............................................................. (8) .............................................................. (9) 2 Enter total number of section 501(c)(3) and government organizations listed in the line 1 table .......................................................................................................... 3 Enter total number of other organizations listed in the line 1 table For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule I (Form 990) 2023 DAA VIS6544 08/06/2024 11:58 AM Schedule I (Form 990) 2023 Visit Kitsap Peninsula 91-1146544 Page 2 Part III Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22. Part III can be duplicated if additional space is needed. (a) Type of grant or assistance (b) Number of recipients (c) Amount of cash grant (d) Amount of noncash assistance (e) Method of valuation (book, FMV, appraisal, other) (f) Description of noncash assistance 1 2 3 4 5 6 7 Part IV Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information. Schedule I (Form 990) 2023 DAA VIS6544 08/06/2024 11:58 AM SCHEDULE O (Form 990) Department of the Treasury Internal Revenue Service Name of the organization Supplemental Information to Form 990 or 990-EZ Complete to provide information for responses to specific questions on Form 990 or 990-EZ or to provide any additional information. Attach to Form 990 or Form 990-EZ. Go to wwwJrs.gov/Form990 for the latest information. OMB No. 1545-0047 2023 Open to Public Employer identification number Form 990 - Organization's Mission or Most Significant.Activities................... To.. create.. positive economic growth and development on the. Kitsap..Peninsula by .effectively. marketing., the... area ... as ... . world. class. visitor destination..... Through effectively promoting and .supporting tourism, the. organization helps. small businesses . and promotes . a. better quality. of life. ..................... . ................................................................................................................................................................. Form 990, Part.III, Line 4d - All Other Accomplishments ..Visit ..Kitsap...Peninsula . provides advertising..and marketing . of events in Kitsap County. and cities within Kitsap County. This is accomplished primarily through the.Visit..Kitsap..website and other social media apps, which provides visitors with information about_._activities, attractions, ....................................................... . museums festivals fairs and other local events.The websa ......................,........................................................................................ite ...........lso .................... provides_ links other community and city websites................................................ Form..990,..Part. VI, Line...11b...- Organizati.on's Process to Review Form 990 ............................................................... No review was or will be conducted. ................................................................................................................................................................. Form 990 , Part VI, Line 19 .. -...Governing Documents .. Disclosure . Explanation ..No...documents... available to the.. public................................................................................ ..Form 990, Part. X.I. Line 9 - Other Changes Net Assets Explanation ............. ................................................. .................. PPP Loan amount forgiven, not Income $ 0 ............................................................................................... For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule O (Form 990) 2023 DAA VIS6544 08/06/2024 11:58 AM 4562 I Depreciation and Amortization Form (Including Information on Listed Property) Department of the Treasury I Attach to your tax return. Internal Revenue Service Go to wwwJrs.gov/Form4562 for instructions and the latest information. OMB No. 1545-0172 Name(s) shown on return Identifying number Visit Kitsa-P Peninsula �91-1146544 2023 Business or activity to which this form relates Indirect Depreciation Part I Election To Expense Certain Property Under Section 179 Note: If you have any listed property,complete Part V before you complete Part I. 1 Maximum amount (see instructions) 1 1,160,000 ................................................................................. 2 Total cost of section 179 property placed in service (see instructions) 2 .............................................. 3 Threshold cost of section 179 property before reduction in limitation (see instructions) 3 2,890,000 ............................ 4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- 4 ......................................... 5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filin se aratel , see instructions ....... 5 6 (a) Description of property I (b) Cost (business use only) I (c) Elected cost 7 Listed property. Enter the amount from line 29 1 7 ........................................... 8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 .............................. 9 Tentative deduction. Enter the smaller of line 5 or line 8 ........................................................... 10 Carryover of disallowed deduction from line 13 of your 2022 Form 4562 ........................................... 11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5. See instructions 12 Section 179 expense deduction. Add lines 9 and 10, but don't enter more than line 11 . . . . . . . . . . . . . . . . 13 Carryover of disallowed deduction to 2024. Add lines 9 and 10, less line 12 ........... F13 8 9 10 11 12 Note: Don't use Part II or Part III below for listed property. Instead, use Part V. Part II Special Depreciation Allowance and Other Depreciation Don't include listed property. See instructions. 14 Special depreciation allowance for qualified property (other than listed property) placed in service during the tax year. See instructions ................................................................................. 15 Property subject to section 168(f)(1) election 16 Other depreciation(including ACRS................................................................................ 14 15 16 Part III MACRS Depreciation (Don't include listed property. See instructions.) Section A 17 MACRS deductions for assets placed in service in tax years beginning before 2023 ............................... 18 If you are electing to group any assets placed in service during the tax year into one or more general asset accounts, check here . I I 17 468 Section B—Assets Placed in Service During 2023 Tax Year Using the General Depreciation System (a) Classification of property (b) Month and year placed in service (c) Basis for depreciation (business/investment use only —see instructions) (d) Recovery period (e) Convention (f) Method (g) Depreciation deduction 19a 3-year property b 5-year property c 7-year property d 10-year property e 15-year property f 20-year property g 25-year property 25 yrs. S/L h Residential rental property 27.5 yrs. MM S/L 27.5 yrs. MM S/L i Nonresidential real property 39 yrs. MM S/L MM S/L Section C—Assets Placed in Service During 2023 Tax Year Using the Alternative Depreciation System 20a Class life S/L b 12-year 12 yrs. S/L c 30-year 30 yrs. MM S/L d 40-year 40 yrs. MM S/L Part IV Summary See instructions. 21 Listed property. Enter amount from line 28 21 .......................................................................... 22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter here and on the appropriate lines of your return. Partnerships and S corporations —see instructions .............. 22 468 23 For assets shown above and placed in service during the current year, enter the portion of the basis attributable to section 263A costs .............................. F237 For Paperwork Reduction Act Notice, see separate instructions. Form 4562 (2023) DAA There are no amounts for Page 2 VIS6544 Visit Kitsap Peninsula 91-1146544 FYE: 12/31 /2023 08/06/2024 11:58 AM Federal Asset Report Form 990, Page 1 Date Bus Sec Basis Asset Description In Service Cost % 179 Bonus for Depr PerConv Meth Prior Current Prior MACRS: 1 Furniture and Fixtures 1/01/19 12,173 2 Sign 4/17/18 4,088 3 Computers and Software 1/01/18 6,473 4 Computer 7/01/21 1,019 23,753 Grand Totals 23,753 Less: Dispositions and Transfers 0 Less: Start-up/Org Expense 0 Net Grand Totals 23,753 X 360 7 HY 20ODB 11,813 103 X 912 7 HY 20ODB 3,176 365 X 0 5 HY 20ODB 6,473 0 0 5 HY 20ODB 1,019 0 1,272 22,481 468 1,272 22,481 468 0 0 0 0 0 0 1,272 22,481 468 VIS6544 Visit Kitsap Peninsula 08/06/2024 11:58 AM 91-1146544 WA Asset Report FYE: 12/31 /2023 Form 990, Page 1 Date Basis WA WA Federal Difference Asset Description In Service Cost for Depr Prior Current Current Fed - WA Prior MACRS: 1 Furniture and Fixtures 2 Sign 3 Computers and Software 4 Computer Grand Totals Less: Dispositions Less: Start-up/Org Expense Net Grand Totals 1/01/19 12,173 0 12,173 0 103 103 4/17/18 4,088 0 4,088 0 365 365 1 /01 /18 6,473 0 6,473 0 0 0 7/01/21 1,019 0 1,019 0 0 0 23,753 0 23,753 0 468 468 23,753 0 23,753 0 468 468 0 0 0 0 0 0 0 0 0 0 0 0 23,753 0 23,753 0 468 468 VIS6544 Visit Kitsap Peninsula 91-1146544 FYE: 12/31 /2023 08/06/2024 11:58 AM AMT Asset Report Form 990, Page 1 Date Bus Sec Basis Asset Description In Service Cost % 179 Bonus for Depr PerConv Meth Prior Current Prior MACRS: 1 Furniture and Fixtures 1/01/19 12,173 2 Sign 4/17/18 4,088 3 Computers and Software 1/01/18 6,473 4 Computer 7/01/21 1,019 23,753 Grand Totals 23,753 Less: Dispositions and Transfers 0 Net Grand Totals 23.753 X 0 7 HY 20ODB 12,173 0 X 0 7 HY 20ODB 4,088 0 X 0 5 HY 20ODB 6,473 0 0 5 HY 20ODB 1,019 0 0 23,753 0 0 23,753 0 0 0 0 0 23,753 0 VIS6544 Visit Kitsap Peninsula 08/06/2024 11:58 AM 91-1146544 Bonus Depreciation Report FYE: 12/31 /2023 Form 990, Page 1 Date In Tax Bus Tax Sec Current Prior Tax - Basis Asset Property Description Service Cost Pct 179 Exp Bonus Bonus for Depr 1 Furniture and Fixtures 1/01/19 12,173 0 0 11,813 360 2 Sign 4/17/18 4,088 0 0 3,176 912 3 Computers and Software 1/01/18 6,473 0 0 6,473 0 4 Computer 7/01/21 1,019 0 0 1,019 0 Grand Total 23,753 0 0 22,481 1,272 VIS6544 Visit Kitsap Peninsula 08/06/2024 11:58 AM 91-1146544 Depreciation Adjustment Report FYE: 12/31/2023 All Business Activities AMT Adjustments/ Form Unit Asset Description Tax AMT Preferences MACRS Adjustments: Page 1 1 1 Furniture and Fixtures 103 0 103 Page 1 1 2 Sign 365 0 365 Page 1 1 3 Computers and Software 0 0 0 Page 1 1 4 Computer 0 0 0 468 0 468 VIS6544 Visit Kitsap Peninsula 08/06/2024 11:58 AM 91-1146544 Future Depreciation Report FYE: 12/31/24 FYE: 12/31 /2023 Form 990, Page 1 Date In Asset Description Service Cost Tax AMT Prior MACRS: 1 Furniture and Fixtures 1/01/19 12,173 103 0 2 Sign 4/17/18 4,088 365 0 3 Computers and Software 1/01/18 6,473 0 0 4 Computer 7/01/21 1,019 0 0 Grand Totals 23,753 468 0 23,753 468 0 VIS6544 Visit Kitsap Peninsula 08/06/2024 11:58 AM 91-1146544 WA Future Depreciation Report FYE: 12/31/24 FYE: 12/31 /2023 Form 990, Page 1 Date In Asset Description Service Prior MACRS: 1 Furniture and Fixtures 1/01/19 2 Sign 4/17/18 3 Computers and Software 1/01/18 4 Computer 7/01/21 Grand Totals Cost WA 12,173 0 4,088 0 6,473 0 1,019 0 23,753 0 23,753 0 VIS6544 08/06/2024 11:58 AM Form 990 Two Year Comparison Report 2022 & 2023 For calendar year 2023, or tax year beginning , ending Name Visit Kitsap Peninsula Taxpayer Identification Number 91-1146544 d............................................. > 1. Contributions, gifts, grants ..................................... 2. Membership dues and assessments .......................... 3. Government contributions and grants ......................... 4. Program service revenue ...................................... 5. Investment income 6. Proceeds from tax exempt bonds ............................. 7. Net gain or (loss) from sale of assets other than inventory 8. Net income or (loss) from fundraising events .................. 9. Net income or (loss) from gaming . . . ...................... 0. Net gain or (loss) on sales of inventory ........................ 1. Other revenue .................................................. 2. Total revenue. Add lines 1 through 11 2022 2023 Differences 1. 109,121 21,736 -87 385 2. 599 599 3. 422,450 480,547 58,097 4. 5. 6. 7. 8. 9. 10. 11. 12. 531,571 502,882 -28 689 m o x w 3. Grants and similar amounts paid .............................. 14. Benefits paid to or for members ............................... 15. Compensation of officers, directors, trustees, etc. ............. 16. Salaries, other compensation, and employee benefits 17. Professional fundraising fees .................................. 18. Other professional fees 19. Occupancy, rent, utilities, and maintenance ................... 0. Depreciation and Depletion .................................... 1. Other expenses ................................................ 2. Total expenses. Add lines 13 through 21 ..................... 3. Excess or (Deficit). Subtract line 22 from line 12 13. 7,379 7,285 -94 14. 15. 91,396 - 91 3 9 6 16. 94,383 176,449 82,066 17. 18. 16,352 14 156 -2 196 19. 21,710 41,138 19,428 20. 509 468 -41 21. 291,888 252,055 -39 833 22. 523,617 491,551 -32 066 23. 7,954 11,331 3,377 ,0 t O 4. Total exempt revenue ........................................ 5. Total unrelated revenue 6. Total excludable revenue 7. Total assets 28. Total liabilities 9. Retained earnings .............................................. 0. Number of voting members of governing body 31. Number of independent voting members of governing body 2. Number of employees 3. Number of volunteers 24. 531,571 502,882 -28 689 25. 26. 27. 115,299 108,899 - 6 4 0 0 28. 24,447 6,716 -17 731 29. 90,852 102,183 11,331 30. 10 5 31. 9 4 32. 1 1 33. VIS6544 08/06/2024 11:58 AM Form 990 Tax Return History 2023 Name Employer Identification Number Visit Kitsap Peninsula 91-1146544 Contributions, gifts, grants Membership dues ................... Program service revenue Capital gain or loss ................. Investment income .................. Fundraising revenue (income/loss) Gaming revenue (income/loss) Other revenue .................... Total revenue ...................... Grants and similar amounts paid Benefits paid to or for members Compensation of officers, etc. Other compensation ................ Professional fees ................... Occupancy costs Depreciation and depletion Other expenses Total expenses .................... Excess or (Deficit) ................. Total exempt revenue .............. Total unrelated revenue ............ Total excludable revenue ........... Total Assets ......................... Total Liabilities ...................... Net Fund Balances ................. 2019 202n 2n21 2022 MIA 2024 344,445 531,571 502,283 4,793 599 349,238 531,571 502,882 2,654 7,379 7,285 400 91,396 135,350 94,383 176,449 6,295 16,352 14,156 13,050 21,710 41,138 1,732 509 468 236,875 291,888 252,055 396,356 523,617 491,551 -47 118 7,954 11,331 349,238 531,571 502,882 91,190 115,299 108,899 8,292 24,447 6,716 82,898 90,852 102,183 VIS6544 Visit Kitsap Peninsula 8/6/2024 11:58 AM 91-1146544 Federal Statements FYE: 12/31 /2023 Form 990, Part IX, Line 11g - Other Fees for Service (Non -employee Descripti Other Fees Total Total Program Management & Fund Expenses Service General Raisin $ 197 $ $ 197 $ $ 197 $ 0 $ 197 $ 0 Form 990, Part IX, Line 24e - All Other Expenses Total Program Management & Fund Description Expenses Service General Raising Meals and Entertainment $ 406 $ $ $ 406 License and Permits 25 25 Total $ 431 $ 0 $ 25 $ 406