Twispworks Foundation FY2023 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.
75¢ of each $1 spent went to programs.
$93K 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 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
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$93K
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
6 mo
of spending, in cash
Looks good: 5.9 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
$359K
7% of total assets
Looks good: liabilities are 7% 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
$1.4M
+91% vs prior year
Spent
$1.0M
To programs
75%
Net assets
$4.6M
By yearFY2020–FY2024
Revenue
$1.4M
FY2023▲ +91%
Revenue by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$744K
FY2023$1.4M
FY2024$1.0M
Expenses
$1.0M
FY2023▲ +17%
Expenses by fiscal year
FY2020$887K
FY2021$752K
FY2022$888K
FY2023$1.0M
FY2024$1.1M
Net assets
$4.6M
FY2023▲ +9%
Net assets by fiscal year
FY2020$3.7M
FY2021$4.4M
FY2022$4.2M
FY2023$4.6M
FY2024$4.5M

From the FY2023 Form 990 · figures checked against the IRS filing · 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 Oct 1999.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $777K Management & general 20% · $204K Fundraising 6% · $60K

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; $93K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$92,713Pt 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 · $777K · in their own filed words · FY2023
01

Campus Operations

In 2023, twispworks operated campus and several methow valley-wide programs. Campus is a community-focused, providing space for artists, craftspeople, and small businesses, while also serving as a community gathering space and concert venue. Our campus is a placemaker for more than 35 businesses, nonprofits, artists and craftspeople.

$379Kprogram 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.

$349Kprogram expense
03

Methow Made and Methow Valley Goods (mvg)

In 2023, the methow made program helped over 67 local producers market and sell their goods in 10 retail locations. Methow made producers are largely owner-operated businesses, the majority are women-owned.

$49Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$996K
Fees for servicesLn 2g$379K
Other incomeLn 4–11$22K
Money outPt IX
$1.0M
Ln 25
Programscol B$777K
Managementcol C$204K
Fundraisingcol D$60K
Owns and owesPt X
$4.6M
net assets · Ln 32
Cash and savingsLn 1–2$512K
Total assetsLn 16$5.0M
LiabilitiesLn 26$359K
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$996K
Government grantsLn 1e$9K
Fundraising eventsLn 1c$933K
Fees for servicesLn 2g$379K
Investment incomeLn 3$22K
Other incomeLn 4–11$22K
Gains on assetsLn 7$9K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$87K
SavingsLn 2$425K
Cash and savings togetherLn 1–2$512K
InvestmentsLn 11–13$175K
Land, buildings, equipmentLn 10c$4.0M
Other assetsLn 15$227K
Total assetsLn 16$5.0M
LiabilitiesLn 26$359K
Net assetsLn 32$4.6M
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 FY23End FY23
Cash and savingsLn 1–2$614K$512K
InvestmentsLn 11–13$175K
Land, buildings, equipmentLn 10c$3.4M$4.0M
Total assetsLn 16$4.6M$5.0M
LiabilitiesLn 26$358K$359K
Net assetsLn 32$4.2M$4.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$93K$93K
Other salaries and wagesLn 7$347K$248K$57K$42K
Other employee benefitsLn 9$57K$31K$20K$6K
Payroll taxesLn 10$42K$25K$13K$4K
Legal feesLn 11b$953$953
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$9K$4K$4K$1K
Office expensesLn 13$21K$14K$408$6K
OccupancyLn 16$81K$79K$2K
TravelLn 17$10K$9K$493$57
Conferences, conventions and meetingsLn 19$600$570$30
InterestLn 20$5K$5K$2
Depreciation, depletion and amortizationLn 22$144K$144K
InsuranceLn 23$40K$40K
Other expenses (24a–d)Ln 24$180K$167K$12K$839
All other expensesLn 24e$7K$5K$1K$175
Total functional expensesLn 25$1.0M$777K$204K$60K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.0M$1.1M−$65K$4.5M 990 PDF
FY2023 Viewing $1.4M$1.0M$378K$4.6M 990 PDF
FY2022 $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 FY2023 990 (5 parts)
Part I · Summary $1,419,007 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $383,837$995,780
I-9 Program service revenuePrior year $318,420$378,567
I-10 Investment incomePrior year $13,726$22,291
I-11 Other revenuePrior year $27,719$22,369
I-12 Total revenuePrior year $743,702$1,419,007
I-13 Grants and similar amounts paidPrior year $13,480$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $444,110$538,667
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $430,473$502,178
I-18 Total expensesPrior year $888,063$1,040,845
I-19 Revenue less expensesPrior year −$144,361$378,162
Part VIII · Statement of revenue $1,419,007 across 11 lines filed
VIII-1c Fundraising events$933,034
VIII-1e Government grants$8,583
VIII-1f All other contributions, gifts and grants$54,163
VIII-1h Total contributions, gifts and grants$995,780
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $378,567$378,567
VIII-3 Investment incomeExcluded from tax $13,079$13,079
VIII-6 Net rental income or lossRelated to mission $10,907$10,907
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,212$9,212
VIII-8 Net income from fundraising eventsExcluded from tax −$2,781−$2,781
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $14,243$14,243
VIII-12 Total revenueRelated to mission $389,474 · Unrelated business $0 · Excluded from tax $33,753$1,419,007
Part IX · Statement of functional expenses $1,040,845 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $92,713$92,713
IX-7 Other salaries and wagesPrograms $247,871 · Management $57,328 · Fundraising $41,520$346,719
IX-9 Other employee benefitsPrograms $31,424 · Management $19,518 · Fundraising $6,231$57,173
IX-10 Payroll taxesPrograms $24,863 · Management $13,418 · Fundraising $3,781$42,062
IX-11b Legal feesManagement $953$953
IX-11f Investment management feesPrograms $3,699$3,699
IX-11g Other fees for servicesPrograms $3,845 · Management $4,071 · Fundraising $1,407$9,323
IX-13 Office expensesPrograms $14,281 · Management $408 · Fundraising $6,042$20,731
IX-16 OccupancyPrograms $78,836 · Management $2,098$80,934
IX-17 TravelPrograms $9,110 · Management $493 · Fundraising $57$9,660
IX-19 Conferences, conventions and meetingsPrograms $570 · Fundraising $30$600
IX-20 InterestPrograms $5,064 · Management $2$5,066
IX-22 Depreciation, depletion and amortizationPrograms $143,913$143,913
IX-23 InsurancePrograms $40,308$40,308
IX-24 Other expenses (24a–d)Programs $167,292 · Management $11,710 · Fundraising $839$179,841
IX-24e All other expensesPrograms $5,487 · Management $1,488 · Fundraising $175$7,150
IX-25 Total functional expensesPrograms $776,563 · Management $204,200 · Fundraising $60,082$1,040,845
Part X · Balance sheet $4,952,662 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $64,737$87,465
X-2 Savings and temporary cash investmentsStart of year $549,612$424,805
X-3 Pledges and grants receivable$0
X-4 Accounts receivable−$541
X-8 Inventories for sale or useStart of year $3,712$4,718
X-10c Land, buildings and equipment, netStart of year $3,352,191$4,034,011
X-11 Publicly traded securities$175,306
X-15 Other assetsStart of year $583,709$226,898
X-16 Total assetsStart of year $4,553,961$4,952,662
X-17 Accounts payable and accrued expenses$16,578
X-24 Unsecured notes and loans payableStart of year $24,000$20,000
X-25 Other liabilitiesStart of year $61,426$53,775
X-26 Total liabilitiesStart of year $358,018$359,261
X-32 Total net assets or fund balancesStart of year $4,195,943$4,593,401
X-33 Total liabilities and net assetsStart of year $4,553,961$4,952,662
Part XI · Reconciliation of net assets $4,593,401 net assets at year end
XI-1 Total revenue$1,419,007
XI-2 Total expenses$1,040,845
XI-3 Revenue less expenses$378,162
XI-4 Net assets at start of year$4,195,943
XI-5 Net unrealized gains (losses) on investments$19,296
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,593,401

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

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