Port Townsend Main Street Program FY2021 filing

Tax-deductible

Port Townsend, WA501(c)(3)EIN 91-1285016

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Historical preservation, stimulate business in historical district

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $50K a year · 14% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 13.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $13K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$286K
+14% vs prior year
Spent
$306K
To programs
96%
Net assets
$337K
By yearFY2020–FY2025
Revenue
$286K
FY2021▲ +14%
Revenue by fiscal year
FY2020$251K
FY2021$286K
FY2022$326K
FY2023$347K
FY2024$382K
FY2025$527K
Expenses
$306K
FY2021▲ +67%
Expenses by fiscal year
FY2020$183K
FY2021$306K
FY2022$258K
FY2023$295K
FY2024$364K
FY2025$415K
Net assets
$337K
FY2021▼ -6%
Net assets by fiscal year
FY2020$356K
FY2021$337K
FY2022$404K
FY2023$457K
FY2024$474K
FY2025$586K

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1986.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $293K Management & general 4% · $12K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Port Townsend Main Street Program 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 15aNo

Programs and updates

Port Townsend Main Street Program is a nonprofit based in Port Townsend, WA.

Provided by the organization

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1 program service account for $293K of program spending, described in the organization's own filed words · FY2021.
01

The trust is a community funded project which works within the context of historical preservation to stimulate business and property preservation and development

$293Kprogram expense

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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 · FY2023
ArtsfundFY2023$12K
Total grants receivedfrom 2 funders$13K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$286K
Ln 12
Fees for servicesLn 2g$168K
Gifts and grantsLn 1h$101K
Other incomeLn 4–11$17K
Money outPt IX
$306K
Ln 25
Programscol B$293K
Managementcol C$12K
Owns and owesPt X
$337K
net assets · Ln 32
Cash and savingsLn 1–2$340K
Total assetsLn 16$340K
LiabilitiesLn 26$4K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$101K
Government grantsLn 1e$87K
Fees for servicesLn 2g$168K
Investment incomeLn 3$442
Other incomeLn 4–11$17K
Gains on assetsLn 7$0
Total revenueLn 12$286K
Assets in detailPt X, end of year
CashLn 1$206K
SavingsLn 2$134K
Cash and savings togetherLn 1–2$340K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$340K
LiabilitiesLn 26$4K
Net assetsLn 32$337K
OperationsPt I, VI
EmployeesI 53
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$357K$340K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$360K$340K
LiabilitiesLn 26$4K$4K
Net assetsLn 32$356K$337K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$107K$101K$6K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$11K$10K$636
Payroll taxesLn 10$8K$8K$485
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$1K$832$208
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$50K$50K
Office expensesLn 13$3K$1K$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$4K$4K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$5K$2K$3K
Other expenses (24a–d)Ln 24$103K$103K
All other expensesLn 24e$14K$14K$537
Total functional expensesLn 25$306K$293K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $527K$415K$112K$586K 990 PDF
FY2024 $382K$364K$17K$474K 990 PDF
FY2023 $347K$295K$52K$457K 990 PDF
FY2022 $326K$258K$68K$404K 990 PDF
FY2021 Viewing $286K$306K−$19K$337K 990 PDF
FY2020 $251K$183K$69K$356K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $286,252 across 10 lines filed
VIII-1e Government grants$87,410
VIII-1f All other contributions, gifts and grants$13,120
VIII-1h Total contributions, gifts and grants$100,530
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $167,860$167,860
VIII-3 Investment incomeRelated to mission $442$442
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$17,420
VIII-12 Total revenueRelated to mission $168,302$286,252
Part IX · Statement of functional expenses $305,538 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $100,545 · Management $6,418$106,963
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $9,970 · Management $636$10,606
IX-10 Payroll taxesPrograms $7,607 · Management $485$8,092
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $832 · Management $208$1,040
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $50,329$50,329
IX-13 Office expensesPrograms $1,342 · Management $1,343$2,685
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $3,980$3,980
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $2,254 · Management $2,687$4,941
IX-24 Other expenses (24a–d)Programs $102,827$102,827
IX-24e All other expensesPrograms $13,538 · Management $537$14,075
IX-25 Total functional expensesPrograms $293,224 · Management $12,314 · Fundraising $0$305,538
Part X · Balance sheet $340,404 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $223,076$205,727
X-2 Savings and temporary cash investmentsStart of year $133,879$134,428
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $2,949$249
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $359,904$340,404
X-17 Accounts payable and accrued expensesStart of year $3,727$3,885
X-26 Total liabilitiesStart of year $3,727$3,885
X-27 Net assets without donor restrictionsStart of year $356,177$336,519
X-32 Total net assets or fund balancesStart of year $356,177$336,519
X-33 Total liabilities and net assetsStart of year $359,904$340,404
Part XI · Reconciliation of net assets $336,519 net assets at year end
XI-1 Total revenue$286,252
XI-2 Total expenses$305,538
XI-3 Revenue less expenses−$19,286
XI-4 Net assets at start of year$356,177
XI-8 Prior period adjustments−$372
XI-10 Net assets at end of year$336,519

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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