Twispworks Foundation
- Assets
- $4.8m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Twisp, WA
- Founding
- 10/1999
- Data as of
- 12/2021
- EIN
- 91-1927956
Organization Overview
Twispworks Foundation is located in Twisp, WA. The organization was established in 1999. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Twispworks Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twispworks Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Twispworks Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $751.7k during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Twispworks Foundation has awarded 98 individual grants totaling $157,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE ECONOMIC AND CULTURAL VITALITY IN THE METHOW VALLEY. WE ENVISION A COLLABORATIVE COMMUNITY WHERE OPPORTUNITIES THRIVE. TWISPWORKS WELCOMES BUSINESSES, NON-PROFIT ORGANIZATIONS, ARTISTS, CRAFTSPEOPLE, AND THE COMMUNITY AT-LARGE TO OUR 6.4-ACRE CAMPUS TO SHARE, COLLABORATE, AND CELEBRATE THE VIBRANT CULTURE THAT MAKES THE METHOW VALLEY A SPECIAL PLACE TO LIVE, WORK, AND VISIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMPUS OPERATIONS: IN 2021, 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 REAL-LIFE SKILLS IN THE TRADES, AN ALTERNATIVE HIGH SCHOOL, ART STUDIOS, AND GALLERY SPACES. THE CAMPUS IS ALSO AN OUTDOOR COMMUNITY GATHERING SPACE WITH PAVILION FOR PERFORMANCES, A SPLASH PAD, PUBLIC ART, A SIGNATURE NATIVE PLANT GARDEN, AND A NATURAL DYE GARDEN. WE SPONSOR EVENTS, CELEBRATIONS, CLASSES, AND PROGRAMS ENGAGING RESIDENTS AND VISITORS.
METHOW MADE AND METHOW VALLEY GOODS (MVG): IN 2021, THE METHOW MADE PROGRAM HELPS OVER 60 LOCAL PRODUCERS MARKET AND SELL THEIR GOODS IN 10 RETAIL LOCATIONS. MVG PROVIDED ESSENTIAL STOREFRONT RETAIL SPACEWITH REGULAR BUSINESS HOURS CONVENIENT FOR VISITORS AND LOCALS ALIKETO OVER 90 ARTISTS AND MAKERS IN THE METHOW AND OKANOGAN COUNTY, MANY OF WHOM ARE SOLE PROPRIETORS WITH NO RETAIL SPACE OF THEIR OWN. MVG IS ALSO THE FLAGSHIP OF THE METHOW MADE BRAND. BY INCREASING AWARENESS OF ALL THINGS METHOW MADE, MVG HELPED INCREASE MARKET DEMAND FOR LOCALLY MADE PRODUCTS.
BUSINESS SUPPORT: TWISPWORKS HAS A LONG HISTORY OF COMPLETING PROJECTS TO SUPPORT A HEALTHY ECONOMY IN THE METHOW VALLEY. RECENT HIGHLIGHTS INCLUDE THE METHOW INVESTMENT NETWORK, WHICH CONNECTED ENTREPRENEURS WITH MORE THAN $970,000 IN CAPITAL FROM LOCAL INVESTORS IN 2021 ALONE, AND OUR SMALL BUSINESS EMERGENCY GRANTS, WHICH PROVIDED $24,000 IN FINANCIAL SUPPORT TO ENTREPRENEURS DURING THE 2021 WILDFIRES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Linnertz Former Executive Director | Officer | 32 | $47,640 |
Sarah Brown Executive Director | Officer | 32 | $16,935 |
Rachel Hong Vice President | OfficerTrustee | 5 | $0 |
Susan Donahue Secretary | OfficerTrustee | 2.5 | $0 |
Perri Howard President | OfficerTrustee | 5 | $0 |
Denny Weston Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,837 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,064,000 |
| Noncash contributions included in lines 1a–1f | $515 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,078,837 |
| Total Program Service Revenue | $329,464 |
| Investment income | $4,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,822 |
| Net Gain/Loss on Asset Sales | -$16 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,437,295 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,750 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,058 |
| Compensation of current officers, directors, key employees. | $7,682 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,761 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,912 |
| Payroll taxes | $29,937 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $350 |
| Fees for services: Accounting | $1,344 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,417 |
| Fees for services: Other | $34,843 |
| Advertising and promotion | $0 |
| Office expenses | $18,832 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,227 |
| Travel | $43 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,677 |
| Interest | $9,154 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,156 |
| Insurance | $29,780 |
| All other expenses | $0 |
| Total functional expenses | $751,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,052 |
| Savings and temporary cash investments | $681,191 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,397 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,441,134 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $444,802 |
| Total assets | $4,775,576 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $299,949 |
| Unsecured mortgages and notes payable | $28,000 |
| Other liabilities | $49,552 |
| Total liabilities | $377,501 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $150,000 |
| Retained earnings, endowment, accumulated income, or other funds | $4,248,075 |
| Total liabilities and net assets/fund balances | $4,775,576 |
Grants Awarded
Over the last fiscal year, Twispworks Foundation has awarded $13,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BARNYARD THEATER LLC PURPOSE: COVID-19 ASSISTANCE | $6,500 |
METHOW MOMENTS TENT AND EVENT RENTALS PURPOSE: COVID-19 ASSISTANCE | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Twispworks Foundation has recieved totaling $910,612.
| Awarding Organization | Amount |
|---|---|
Moccasin Lake Foundation wilmington, DE PURPOSE: FOR THE DESIGN AND CONSTRUCTION OF THE AUTO TECH PROGRAM BUILDING ON TWISPWORKS' PROPERTY | $375,000 |
Philadelphia Foundation Philadelphia, PA PURPOSE: OPERATIONAL SUPPORT | $340,000 |
Moccasin Lake Foundation wilmington, DE PURPOSE: FOR THE TWISPWORKS' BUNKHOUSE | $50,000 |
Moccasin Lake Foundation wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $30,000 |
Community Foundation Of North Central Washington Wenatchee, WA PURPOSE: VARIOUS PURPOSES AS APPROVED BY CFNCW BOARD | $29,371 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $20,850 |
Endowment Analysis
| Earnings | $11,638 |
| Admin Expense | -$2,418 |
| Net Contributions | $300,765 |
| Ending Balance | $314,821 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peter Britt Gardens Music And Arts Festival Association Medford, OR | $10,872,514 | $3,945,941 |
American Inst Of Architects Inc The Seattle Chapter Seattle, WA | $1,643,585 | $1,470,540 |
Carden Portland Education Institute Inc Hillsboro, OR | $503,087 | $1,224,322 |
Aia Oregon Portland, OR | $1,594,804 | $791,888 |
Western Alliance Of Arts Adminstrators Foundations Portland, OR | $542,848 | $742,918 |
Twispworks Foundation Twisp, WA | $4,775,576 | $1,437,295 |
The Association For Rural & Small Libraries Inc Seattle, WA | $577,773 | $727,881 |
Glass Art Society Inc Seattle, WA | $499,935 | $240,723 |
Washington State Asso Of Broadcasters Spokane, WA | $1,052,720 | $583,429 |
Washington Council American Institute Of Architects Camano Island, WA | $591,301 | $425,945 |
Sigma Nu Fraternity Moscow, ID | $7,065 | $354,105 |
Fairbanks Arts Association 483 Fairbanks, AK | $200,156 | $373,508 |