Magnuson Park Center For Excellence
- Assets
- $202.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mountlake Terrace, WA
- Founding
- 10/2017
- Data as of
- 12/2023
- EIN
- 47-5063966
Organization Overview
Magnuson Park Center For Excellence is located in Mountlake Terrace, WA. The organization was established in 2017. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnuson Park Center For Excellence 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 12/2023, Magnuson Park Center For Excellence generated $92.0 in total revenue. All expenses for the organization totaled $13.8k during the year ending 12/2023.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
HANGAR 2 CONTINUED PRE-DEVELOPMENT WORK TO ACHIEVE ENTITLEMENT TO THE PROJECT. ACTIVITIES INCLUDED OUTREACH TO KEY COMMUNITY MEMBERS TO DEVELOP PUBLIC AND FINANCIAL SUPPORT. THE INITIATIVE WAS CONDUCTED BY VOLUNTEERS TO AVOID CONSULTANT EXPENDITURES. ONGOING NON-PERSONNEL EXPENSES (SUCH AS BANK INTEREST, ACCOUNTING/FINANCIAL, ETC.) COMPRISED THE ORGANIZATION'S BUDGET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Chao ~ Board Member (officer) & Co-Chair | 10 | $0 | |
Kris Snider ~ Board Member (officer) & Co-Chair | 10 | $0 | |
Ray Roberts ~ Board Member | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $86 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $92 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $10,838 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,958 |
| Total expenses | $13,796 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $202 |
| Other assets | $0 |
| Total assets | $202 |
| Total liabilities | $26,259 |
| Net assets or fund balances | -$26,057 |