Twispworks Foundation
- Assets
- $5.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 11
- Location
- Twisp, WA
- Founding
- 10/1999
- Data as of
- 12/2023
- 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 12/2023, Twispworks Foundation employed 11 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 12/2023, Twispworks Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 7.1% per year over the past 8 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
TO START, BUILD, GROW. TOGETHER WITH OUR COMMUNITY TO ACHIEVE OUR VISION OF A METHOW VALLEY ECONOMY ROOTED IN LIVABILITY. OUR 6.4-ACRE CAMPUS, WHICH SERVED AS A USFS RANGER STATION FOR 90 YEARS, IS NOW HOME TO OVER 35 ORGANIZATIONS, ARTISTS, SMALL BUSINESSES, AND SCHOOLS. ARTS, EDUCATION, AND HEALTHY ECONOMY PARTNERSHIPS AND PROGRAMS FACILITATED BY TWISPWORKS HAVE GROWN TO SERVE THE METHOW VALLEY FROM CARLTON TO MAZAMA. AS ALWAYS, WE INVITE THE COMMUNITY-AT-LARGE TO CAMPUS TO SAVOR 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 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. 2023 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 INNOVATIVE-CHOICE HIGH SCHOOL, ART STUDIOS, AND GALLERY SPACES. CAMPUS IS ALSO A COMMUNITY GATHERING SPACE WITH THE PAVILION FOR EVENTS, A SPLASH PAD, PUBLIC ART, A SIGNATURE NATIVE PLANT GARDEN, AND A NATURAL DYE GARDEN. WE SPONSOR EVENTS, CELEBRATIONS, AND PROGRAMS ENGAGING RESIDENTS AND VISITORS ALIKE.
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. MVG PROVIDED ESSENTIAL STOREFRONT RETAIL SPACE WITH REGULAR BUSINESS HOURS--CONVENIENT FOR VISITORS AND LOCALS ALIKE-- TO OVER 95 ARTISTS AND MAKERS IN THE METHOW AND OKANOGAN COUNTY, MANY OF WHOM ARE SOLE PROPRIETORS WITH NO RETAIL SPACE OF THEIR OWN. MVG IS THE FLAGSHIP STORE FOR THE METHOW MADE BRAND. BY INCREASING AWARENESS OF ALL THINGS METHOW MADE, MVG HELPED INCREASE MARKET DEMAND FOR LOCALLY MADE PRODUCTS.
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. RECENT HIGHLIGHTS INCLUDE THE COORDINATION OF THE METHOW INVESTMENT NETWORK, A PEER-TO-PEER LENDING MODEL THAT CONNECTS COMMUNITY MEMBERS WITH FINANCIAL RESOURCES TO BUSINESS OWNERS AND ENTREPRENEURS SEEKING FUNDING TO START OR GROW A BUSINESS. IN THE LAST FIVE YEARS, THIS PROGRAM HAS CIRCULATED OVER $3.7 MILLION IN THE LOCAL ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Char Alkire President | OfficerTrustee | 5 | $0 |
Rachel Hong Vice President | OfficerTrustee | 5 | $0 |
Dennis Weston Treasurer | OfficerTrustee | 4 | $0 |
Peter Speer Secretary | OfficerTrustee | 4 | $0 |
Anne Eckman Board Member | Trustee | 2.5 | $0 |
Jo Wallace Board Member | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $933,034 |
| Related organizations | $0 |
| Government grants | $8,583 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,163 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $995,780 |
| Total Program Service Revenue | $378,567 |
| Investment income | $13,079 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,907 |
| Net Gain/Loss on Asset Sales | $9,212 |
| Net Income from Fundraising Events | -$2,781 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,419,007 |
| 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. | $92,713 |
| Compensation of current officers, directors, key employees. | $92,713 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $346,719 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,173 |
| Payroll taxes | $42,062 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $953 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,699 |
| Fees for services: Other | $9,323 |
| Advertising and promotion | $0 |
| Office expenses | $20,731 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,934 |
| Travel | $9,660 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $600 |
| Interest | $5,066 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,913 |
| Insurance | $40,308 |
| All other expenses | $7,150 |
| Total functional expenses | $1,040,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,465 |
| Savings and temporary cash investments | $424,805 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$541 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,718 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,034,011 |
| Investments—publicly traded securities | $175,306 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $226,898 |
| Total assets | $4,952,662 |
| Accounts payable and accrued expenses | $16,578 |
| 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 | $268,908 |
| Unsecured mortgages and notes payable | $20,000 |
| Other liabilities | $53,775 |
| Total liabilities | $359,261 |
| 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 | $4,593,401 |
| Total liabilities and net assets/fund balances | $4,952,662 |
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 |