Wenatchee Valley Tread
- Assets
- $484.3k
- Revenue
- $813.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Wenatchee, WA
- Founding
- 01/2018
- Data as of
- 12/2023
- EIN
- 82-2499112
Organization Overview
Wenatchee Valley Tread is located in Wenatchee, WA. The organization was established in 2018. According to its NTEE Classification (N01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Wenatchee Valley Tread employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wenatchee Valley Tread 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, Wenatchee Valley Tread generated $813.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 31.5% each year . All expenses for the organization totaled $567.1k during the year ending 12/2023. While expenses have increased by 34.2% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE COLLABORATE WITH DIVERSE PARTNERS TO DRIVE SUSTAINABLE OUTDOOR RECREATION INITIATIVES IN NORTH CENTRAL WASHINGTON. WE STRIVE TO DEVELOP RECREATION-BASED ECONOMIES AS PART OF A STRONG AND DIVERSE ECONOMIC MIX THAT SUPPORTS THIS REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023 TREAD HAS BEEN INVOLVED WITH AND HAS MANAGED A VARIETY OF PROGRAM SERVICES RELATED TO THEIR MISSION. WE ARE INVOLVED IN GRANT MANAGEMENT, WHERE WE FACILIATATE VARIOUS PROJECTS IN THE REGION. WE HAVE BEEN WORKING DIRECTLY WITH THE STATE OF WASHINGTON TOURISM ON THE DEVELOPMENT OF A MOBILE APP TO HELP OUTDOOR REC LAND MANAGERS AND USERS THROUGHOUT THE STATE OF WASHINGTON. TREAD HAS ALSO BEEN INVOLVED WITH SMALLER PROGRAM SERVICE WORK, SUCH AS HELPING THE FOREST SERVICE WITH MANAGEMENT AND BUILDING OF LOCAL TRAILS AND CABINS. TREAD HAS BEGIN WORKING ON SOME LARGE LONG-TERM PROJECTS IN 2023, INCLUDING THE CHELAN DOUGLAS TRANSPORTATION COUNCIL PATHWAYS MASTER PLAN, UPPER WENACTHEE VALLEY SUSTAINABLE TRAILS PROJECTS, AND A COMPREHENSIVE DOUGLAS COUNTY OUTDOOR RECREATION PLAN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Velazquez Board Member | Trustee | 1 | $0 |
Alix Whitener Board Member | Trustee | 1 | $0 |
Joe Violette Treasurer | OfficerTrustee | 2 | $0 |
Jessica Rehms Secretary | OfficerTrustee | 2 | $0 |
Jeff Ostenson Board Member | Trustee | 1 | $0 |
Taber Murphy Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,775 |
| All other contributions, gifts, grants, and similar amounts not included above | $740,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $813,595 |
| Total Program Service Revenue | $0 |
| Investment income | $48 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $813,643 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $80,000 |
| Compensation of current officers, directors, key employees. | $53,334 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,410 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,365 |
| Payroll taxes | $29,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,702 |
| Office expenses | $26,372 |
| Information technology | $3,945 |
| Royalties | $0 |
| Occupancy | $24,000 |
| Travel | $13,083 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,384 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $386 |
| Insurance | $1,925 |
| All other expenses | $16 |
| Total functional expenses | $567,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $481,371 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,924 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $484,295 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $484,295 |
| Total liabilities and net assets/fund balances | $484,295 |