Wenatchee Valley Tread FY2023 filing

Tax-deductible

Wenatchee, WA501(c)(3)Recreation & SportsEIN 82-2499112

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With a focus on inclusiveness in outdoor recreation, Wenatchee Valley tread's mission is to:advocate for outdoor recreation in the Wenatchee Valley through education, communication, facilitation, collaboration, planning, and execution.to leverage recreation to improve quality of life and health in the region.to develop recreation-based economies as part of a strong and diverse economic mix that supports this region.

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
$80K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $77K a year · 14% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$80K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$814K
+77% vs prior year
Spent
$567K
To programs
64%
Net assets
$484K
By yearFY2021–FY2024
Revenue
$814K
FY2023▲ +77%
Revenue by fiscal year
FY2021$358K
FY2022$460K
FY2023$814K
FY2024$578K
Expenses
$567K
FY2023▲ +54%
Expenses by fiscal year
FY2021$234K
FY2022$369K
FY2023$567K
FY2024$732K
Net assets
$484K
FY2023▲ +104%
Net assets by fiscal year
FY2021$147K
FY2022$238K
FY2023$484K
FY2024$331K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $362K Management & general 29% · $167K Fundraising 7% · $38K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $80K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$80,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Mat Lyons’s $95K as Executive Director is at the 90th percentile of top reported officer pay among 1017 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2021
Mat Lyons$94,996$80,000$72,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Wenatchee Valley Tread executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advocates for inclusive outdoor recreation, improving quality of life and regional economies.

Provided by the organization

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1 program · $362K · in their own filed words · FY2023
01

In 2023 tread has been involved with and has managed a variety of program services related to their mission. We are involved in grant management, where we faciliatate various projects in the region.

$362Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$16K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$814K
Ln 12
Gifts and grantsLn 1h$814K
Investment incomeLn 3$48
Money outPt IX
$567K
Ln 25
Programscol B$362K
Managementcol C$167K
Fundraisingcol D$38K
Owns and owesPt X
$484K
net assets · Ln 32
Cash and savingsLn 1–2$481K
Total assetsLn 16$484K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$814K
Government grantsLn 1e$73K
Investment incomeLn 3$48
Total revenueLn 12$814K
Assets in detailPt X, end of year
CashLn 1$481K
Cash and savings togetherLn 1–2$481K
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$484K
LiabilitiesLn 26$0
Net assetsLn 32$484K
OperationsPt I, VI
EmployeesI 53
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$238K$481K
Land, buildings, equipmentLn 10c$0$3K
Total assetsLn 16$238K$484K
LiabilitiesLn 26$0$0
Net assetsLn 32$238K$484K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$80K$13K$53K$13K
Other salaries and wagesLn 7$198K$139K$40K$20K
Other employee benefitsLn 9$16K$11K$3K$2K
Payroll taxesLn 10$30K$21K$6K$3K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$26K$26K
Information technologyLn 14$4K$4K
OccupancyLn 16$24K$24K
TravelLn 17$13K$7K$7K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$386$386
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$168K$167K$339
All other expensesLn 24e$16$16
Total functional expensesLn 25$567K$362K$167K$38K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $578K$732K−$154K$331K 990 PDF
FY2023 Viewing $814K$567K$247K$484K 990 PDF
FY2022 $460K$369K$91K$238K 990 PDF
FY2021 $358K$234K$123K$147K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $813,643 across 5 lines filed
VIII-1e Government grants$72,775
VIII-1f All other contributions, gifts and grants$740,820
VIII-1h Total contributions, gifts and grants$813,595
VIII-3 Investment incomeExcluded from tax $48$48
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $48$813,643
Part IX · Statement of functional expenses $567,125 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $13,333 · Management $53,334 · Fundraising $13,333$80,000
IX-7 Other salaries and wagesPrograms $138,887 · Management $39,682 · Fundraising $19,841$198,410
IX-9 Other employee benefitsPrograms $11,456 · Management $3,273 · Fundraising $1,636$16,365
IX-10 Payroll taxesPrograms $20,901 · Management $5,970 · Fundraising $2,985$29,856
IX-11c Accounting feesManagement $1,090$1,090
IX-12 Advertising and promotionPrograms $1,702$1,702
IX-13 Office expensesManagement $26,372$26,372
IX-14 Information technologyManagement $3,945$3,945
IX-16 OccupancyManagement $24,000$24,000
IX-17 TravelPrograms $6,542 · Management $6,541$13,083
IX-19 Conferences, conventions and meetingsPrograms $2,384$2,384
IX-22 Depreciation, depletion and amortizationManagement $386$386
IX-23 InsuranceManagement $1,925$1,925
IX-24 Other expenses (24a–d)Programs $167,252 · Management $339$167,591
IX-24e All other expensesManagement $16$16
IX-25 Total functional expensesPrograms $362,457 · Management $166,873 · Fundraising $37,795$567,125
Part X · Balance sheet $484,295 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $237,777$481,371
X-10c Land, buildings and equipment, netStart of year $0$2,924
X-16 Total assetsStart of year $237,777$484,295
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $237,777$484,295
X-33 Total liabilities and net assetsStart of year $237,777$484,295
Part XI · Reconciliation of net assets $484,295 net assets at year end
XI-1 Total revenue$813,643
XI-2 Total expenses$567,125
XI-3 Revenue less expenses$246,518
XI-4 Net assets at start of year$237,777
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$484,295

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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