Complete The Loop Coalition
- Assets
- $294.9k
- Revenue
- $14.1k
- Investments
- $294.3k
- Employees
- 0
- Location
- Wenatchee, WA
- Founding
- 09/1991
- Data as of
- 03/2023
- EIN
- 91-1470200
Organization Overview
Complete The Loop Coalition is located in Wenatchee, WA. The organization was established in 1991. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, 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. Complete The Loop Coalition 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 03/2023, Complete The Loop Coalition generated $14.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (34.0%) each year. All expenses for the organization totaled $9.7k during the year ending 03/2023. 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
THE COMPLETE THE LOOP COALITION IS A LOCAL, VOLUNTEER CORPORATION WHICH HAS SUCCESSFULLY ADVOCATED FUNDING AND DEVELOPMENT OF PUBLIC TRAILS IN THE WENATCHEE VALLEY IN CENTRAL WASHINGTON STATE SINCE 1990.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUCESSFULLY COMPLETED THE ROCKY REACH TRAIL EXTENSION. IT STARTS AT LINCOLN ROCK STATE PARK AND GOES SOUTH ALONG THE RIVER AND CONNECTS WITH THE ORIGINAL LOOP TRAIL AT THE ODABASHIAN BRIDGE ON THE DOUGLAS COUNTY SIDE OF THE RIVER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Sorensen President | Trustee | 1 | $0 |
Marilyn Hedges Vice President | Trustee | 1 | $0 |
Brett Henkle Treasurer | Trustee | 1 | $0 |
Mel Henkle Board Member | Trustee | 1 | $0 |
Robert Scott Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $14,098 |
| 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 | $14,098 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,050 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $166 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,540 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $617 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $294,297 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $294,914 |
| 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 | $294,914 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $294,914 |
Grants Awarded
Over the last fiscal year, Complete The Loop Coalition has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WENATCHEE OUTDOORS PURPOSE: Financial assistance to build trail | $5,000 |
EVERGREEN MOUNTAIN BIKE ALLIANCE PURPOSE: Financial assistance to build trail | $25,000 |