Anacortes Skate Park Improvement Project EIN 83-4187517

Anacortes Skate Park Improvement Project

EIN  83-4187517 Public charity (501(c)(3)) Anacortes, WA
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Builds, maintains, and improves skate parks to reduce delinquency and build community.
Leadership
Rachel Muntean · President
Money in and out
$31K revenue, $22K expenses
Bottom line
84% program efficiency

Builds, maintains, and improves skate parks to reduce delinquency and build community. For fiscal year 2025 it reported $31K in revenue, $22K in expenses, and $41K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$31K
Pt VIII · Ln 12
Total expenses
$22K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $9K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Program efficiency
84%
of spending reaches programs
Operating runway
40.1mo
months of highly liquid reserves at operating expense rate▼ -19% vs prior filing year
Surplus margin
+29%
revenue over expenses, this year▲ +38% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$31K
FY2025▲ +205%
Expenses
$22K
FY2025▼ -98%
Total assets
$57K
FY2025▼ -95%
Total liabilities
$16K
FY2025▼ -99%
Total revenue
$31K
Pt VIII · Ln 12
Total expenses
$22K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$9K
Total assetsPt X · Ln 16$57K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services account for $18K of program spending, described in the organization's own filed words · FY2025.
01

Building, maintaining, and improving Anacortes Skate Parks in cooperation with the City of Anacortes, lessening the financial and administrative burden on the Anacortes City government related to local Skate Park building and maintenance.

$16Kprogram expense
02

Supporting events, workshops, and classes at the Anacortes Skate Parks in cooperation with the Parks and Recreation Department of the City of Anacortes, making the world a happier place through skateboarding.

$2Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAnacortes Skate Park Improvement Project
EINHdr · item D83-4187517
Principal addressHdr · item CAnacortes, WA
WebsiteHdr · item Janacortesskatepark.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S12)
Ruling yearIRS BMFSep 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$28K · 93%
Investment income$2K · 7%
Contributions & grants93%$28K
Investment income7%$2K
Total revenueLn 12$31K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$18K
Management & general16%$4K
Total functional expensesLn 25$22K

Balance Sheet

Part X · end of year
CashLn 1$10K
Total assetsLn 16$57K
Total liabilitiesLn 26$16K
Total net assetsLn 32$41K
Months of cash on handcomputed5.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $57K · Operating expenses (Pt IX) $22K · Less non-cash grants $5K · Cash operating expenses/yr $17K
40.1 months
Where the money goes
Program services
Program services $18K · Total expenses $22K
84%
Management & General
Management & general $4K · Total expenses $22K
16%
Fundraising
Fundraising $0 · Total expenses $22K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $690 · Solicited contributions (2-yr avg) $325K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $28K · Total revenue $31K
93%
Government reliance
Government grants — · Total revenue $31K
Earned-income share
Program service revenue $0 · Total revenue $31K
0%
Investment reliance
Investment income $2K · Total revenue $31K
+7%
Program self-sufficiency
Program service revenue $0 · Total expenses $22K
0%
Growth & trend
Revenue growth (YoY)
This year $31K · Prior year $10K
Prior-year revenue below floor — showing dollar change
Revenue CAGR
FY2021 $536K · FY2025 $31K
-51%
Net-asset trend (YoY)
End of year $41K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $31K · Expenses $22K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $57K
Net-asset ratio
Net assets $41K · Total assets $57K
72%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $47K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $57K
82%
People & payroll
Highest Reported Total Compensation
Individual Rachel Muntean · Reported title President · Highest reported compensation $0 · Total expenses $22K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $22K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Fundraising cost ratio 0%
Revenue growth 205%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 3 funders$35K
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$31K revenue · viewing · ⤓ 990 PDF
FY2024$10K revenue · ⤓ 990 PDF
FY2023$638K revenue · ⤓ 990 PDF
FY2022$13K revenue · ⤓ 990 PDF
FY2021$536K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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