Twispworks Foundation FY2022 filing

Tax-deductible

Twisp, WA501(c)(3)Arts & CultureEIN 91-1927956

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To increase economic and cultural vitality in the Methow Valley. TwispWorks supports businesses, non-profits, artists and makers and provides the community a vibrant and collaborative place to create.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$82K 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

FY2022 · 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 5
filings with a surplus
Average surplus $280K a year · 23% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$82K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $340K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$358K
8% of total assets
Looks good: liabilities are 8% 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
$744K
-48% vs prior year
Spent
$888K
To programs
79%
Net assets
$4.2M
By yearFY2020–FY2024
Revenue
$744K
FY2022▼ -48%
Revenue by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$744K
FY2023$1.4M
FY2024$1.0M
Expenses
$888K
FY2022▲ +18%
Expenses by fiscal year
FY2020$887K
FY2021$752K
FY2022$888K
FY2023$1.0M
FY2024$1.1M
Net assets
$4.2M
FY2022▼ -5%
Net assets by fiscal year
FY2020$3.7M
FY2021$4.4M
FY2022$4.2M
FY2023$4.6M
FY2024$4.5M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Oct 1999.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $700K Management & general 12% · $110K Fundraising 9% · $78K

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

14 people listed on the 990; $82K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$82,114Pt VII · Sec A
Vice President
$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
President
$0Pt VII · Sec A

Sarah Brown’s $98K as Executive Director is at the 31st percentile of top reported officer pay among 3924 $1–10M arts & culture 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Sarah Brown$97,845$92,713$82,114$16,935—
Don Linnertz———$47,640$54,144

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 Twispworks Foundation 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

Boosts the Methow Valley’s economic and cultural vitality by providing local businesses, artists, and nonprofits with funding, education, resources, and collaborative workspaces.

Provided by the organization

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3 programs · $700K · in their own filed words · FY2022
01

Campus Operations

In 2022, our campus acted as a placemaker for more than 30 businesses, nonprofits, artists and craftspeople. Campus partners included an interpretive center for native american and natural history, manufacturing and professional services companies, the methow valley school district's welding and automotive tech programs providing youth…

$343Kprogram expense
02

Twispworks has a long history of completing projects and coordinating programs that support a healthy economy in the methow valley. By providing resources, education, technical assistance, and access to financing, twispworks helps foster a dynamic and accessible entrepreneurial ecosystem.

$284Kprogram expense
03

Methow Made and Methow Valley Goods (mvg)

In 2022, the methow made program helped over 67 local producers market and sell their goods in 10 retail locations. MVG provided essential storefront retail space with regular business hours convenient for visitors and locals alike to over 90 artists and makers in the methow and okanogan county, many of whom are sole proprietors with no…

$72Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 50 grants · $85K · 2020–2021
Methow Moments Tent and Event RentalsFY2021$6,500
Barnyard Theater LLCFY2021$6,500
Yo DogFY2020$1,500
Winthrop Iron Horse LLCFY2020$1,500
Winthrop Ice & Sports RinkWA · FY2020$1,500
Winthrop Guitar StudioFY2020$1,500
Winthrop GalleryFY2020$1,500
Valley StyleFY2020$1,500
Twisp River WellnessFY2020$1,500
Twisp River Inn Bed & BreakfastFY2020$1,500
True North LetterpressFY2020$1,500
The Thrifty FoxFY2020$1,500
The Floyd CompanyFY2020$1,500
Terry's ApplianceFY2020$1,500
TappiFY2020$1,500
Sunny Pine FarmFY2020$1,500
River Run InnFY2020$1,500
Retro PonyFY2020$1,500
See all 50 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$744K
Ln 12
Gifts and grantsLn 1h$384K
Fees for servicesLn 2g$318K
Other incomeLn 4–11$28K
Money outPt IX
$888K
Ln 25
Programscol B$700K
Managementcol C$110K
Fundraisingcol D$78K
Owns and owesPt X
$4.2M
net assets · Ln 32
Cash and savingsLn 1–2$614K
Total assetsLn 16$4.6M
LiabilitiesLn 26$358K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$384K
Government grantsLn 1e$10K
Noncash giftsLn 1g$2K
Fundraising eventsLn 1c$356K
Fees for servicesLn 2g$318K
Investment incomeLn 3$14K
Other incomeLn 4–11$28K
Gains on assetsLn 7−$813
Total revenueLn 12$744K
Assets in detailPt X, end of year
CashLn 1$65K
SavingsLn 2$550K
Cash and savings togetherLn 1–2$614K
Land, buildings, equipmentLn 10c$3.4M
Other assetsLn 15$584K
Total assetsLn 16$4.6M
LiabilitiesLn 26$358K
Net assetsLn 32$4.2M
OperationsPt I, VI
EmployeesI 57
VolunteersI 627
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 FY22End FY22
Cash and savingsLn 1–2$886K$614K
Land, buildings, equipmentLn 10c$3.4M$3.4M
Total assetsLn 16$4.8M$4.6M
LiabilitiesLn 26$378K$358K
Net assetsLn 32$4.4M$4.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K$12K
Grants to domestic individualsLn 2$1K$1K
Pay of current officers, directors and key staffLn 5$82K$42K$19K$21K
Other salaries and wagesLn 7$286K$200K$54K$32K
Other employee benefitsLn 9$42K$34K$1K$6K
Payroll taxesLn 10$34K$24K$5K$5K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$4K$106$4K$212
Office expensesLn 13$20K$14K$1K$5K
Information technologyLn 14$7K$4K$3K
OccupancyLn 16$118K$109K$10K
TravelLn 17$1K$1K$283
Conferences, conventions and meetingsLn 19$2K$392$881$541
InterestLn 20$8K$8K$56
Depreciation, depletion and amortizationLn 22$138K$138K
InsuranceLn 23$32K$29K$3K
Other expenses (24a–d)Ln 24$95K$77K$12K$6K
Total functional expensesLn 25$888K$700K$110K$78K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.0M$1.1M−$65K$4.5M 990 PDF
FY2023 $1.4M$1.0M$378K$4.6M 990 PDF
FY2022 Viewing $744K$888K−$144K$4.2M 990 PDF
FY2021 $1.4M$752K$686K$4.4M 990 PDF
FY2020 $1.4M$887K$547K$3.7M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $743,702 across 12 lines filed
VIII-1c Fundraising events$355,958
VIII-1e Government grants$9,508
VIII-1f All other contributions, gifts and grants$18,371
VIII-1g Noncash contributions (included above)$2,145
VIII-1h Total contributions, gifts and grants$383,837
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $318,420$318,420
VIII-3 Investment incomeExcluded from tax $14,539$14,539
VIII-6 Net rental income or lossRelated to mission $12,456$12,456
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$813−$813
VIII-8 Net income from fundraising eventsExcluded from tax $4,200$4,200
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $11,063$11,063
VIII-12 Total revenueRelated to mission $12,456 · Unrelated business $0 · Excluded from tax $347,409$743,702
Part IX · Statement of functional expenses $888,063 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $12,480$12,480
IX-2 Grants to domestic individualsPrograms $1,000$1,000
IX-5 Pay of current officers, directors and key staffPrograms $42,400 · Management $18,514 · Fundraising $21,200$82,114
IX-7 Other salaries and wagesPrograms $200,210 · Management $54,259 · Fundraising $31,810$286,279
IX-9 Other employee benefitsPrograms $34,000 · Management $1,391 · Fundraising $6,334$41,725
IX-10 Payroll taxesPrograms $23,878 · Management $5,376 · Fundraising $4,738$33,992
IX-11c Accounting feesPrograms $2,077$2,077
IX-11f Investment management feesPrograms $3,806$3,806
IX-11g Other fees for servicesPrograms $106 · Management $3,736 · Fundraising $212$4,054
IX-13 Office expensesPrograms $14,046 · Management $1,000 · Fundraising $4,532$19,578
IX-14 Information technologyPrograms $3,806 · Fundraising $2,750$6,556
IX-16 OccupancyPrograms $108,839 · Management $9,610$118,449
IX-17 TravelPrograms $1,069 · Management $283$1,352
IX-19 Conferences, conventions and meetingsPrograms $392 · Management $881 · Fundraising $541$1,814
IX-20 InterestPrograms $7,786 · Management $56$7,842
IX-22 Depreciation, depletion and amortizationPrograms $137,985$137,985
IX-23 InsurancePrograms $29,352 · Management $2,664$32,016
IX-24 Other expenses (24a–d)Programs $76,589 · Management $12,389 · Fundraising $5,966$94,944
IX-25 Total functional expensesPrograms $699,821 · Management $110,159 · Fundraising $78,083$888,063
Part X · Balance sheet $4,553,961 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $205,052$64,737
X-2 Savings and temporary cash investmentsStart of year $681,191$549,612
X-8 Inventories for sale or useStart of year $3,397$3,712
X-10c Land, buildings and equipment, netStart of year $3,441,134$3,352,191
X-15 Other assetsStart of year $444,802$583,709
X-16 Total assetsStart of year $4,775,576$4,553,961
X-24 Unsecured notes and loans payableStart of year $28,000$24,000
X-25 Other liabilitiesStart of year $49,552$61,426
X-26 Total liabilitiesStart of year $377,501$358,018
X-32 Total net assets or fund balancesStart of year $4,398,075$4,195,943
X-33 Total liabilities and net assetsStart of year $4,775,576$4,553,961
Part XI · Reconciliation of net assets $4,195,943 net assets at year end
XI-1 Total revenue$743,702
XI-2 Total expenses$888,063
XI-3 Revenue less expenses−$144,361
XI-4 Net assets at start of year$4,398,075
XI-5 Net unrealized gains (losses) on investments−$57,771
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,195,943

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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