ANACORTES PARKS FOUNDATION

EIN: 911662395 501(c)(3) Recreation & Sports

Anacortes, WA

Total Revenue
$415,088
Total Expenses
$169,574
Total Assets
$1,228,864
Net Assets
$1,228,217
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
WA
Principal Officer
Warren Tessler
Phone
3609413014
Tax Period
2024-01-01 to 2024-12-31

ANACORTES PARKS FOUNDATION, founded in 1994, is a small nonprofit in the Recreation & Sports sector that reported $415K in total revenue in fiscal year 2024. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $246K, a strong 59% operating margin.

Mission

To promote the development and support of park and recreational programs and projects in and around Anacortes, WA

Program Service Accomplishments

Program 1
Expenses: $25,000 Revenue: $0

Cap Sante Viewpoint - a local community organization initiated a project to enhance the amenities of Cap Sante, a large, rocky hill that overlooks Anacortes, by constructing a concrete and metal...

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Cap Sante Viewpoint - a local community organization initiated a project to enhance the amenities of Cap Sante, a large, rocky hill that overlooks Anacortes, by constructing a concrete and metal viewpoint. This viewpoint overlooks the bay and the town, provides seating and accessibility to local residents and visitors. The Parks Foundation assisted in the funding of the project.

Program 2
Expenses: $25,000 Revenue: $0

General donations to the APF support a very wide range of programs and projects. These include City of Anacortes recreational programs, youth programs, memorial benches in City parks, repairs and...

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General donations to the APF support a very wide range of programs and projects. These include City of Anacortes recreational programs, youth programs, memorial benches in City parks, repairs and improvements to City parks and more. These are all programs and projects that could not exist or would not be nearly as robust without the continued support of those who donate.

Program 3
Expenses: $50,000 Revenue: $0

The AR Daniels Field has received many generous donations over many years. Initial funds provided for the construction on the fields, bleachers and facilities at Volunteer Park. More recent donations...

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The AR Daniels Field has received many generous donations over many years. Initial funds provided for the construction on the fields, bleachers and facilities at Volunteer Park. More recent donations have provided renewal of the turf, facility improvements and ongoing repair as initial installations experience wear and tear.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $388,813
Program Service Revenue $0
Investment Income $21,211
Other Revenue $5,064
TOTAL REVENUE $415,088

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $159,760
Other Expenses $169,574
TOTAL EXPENSES $169,574

Year-over-Year Comparison

2024 2023 Change
Revenue $415,088 $192,085 +1.2%
Expenses $169,574 $224,893 -0.2%
Net Income $245,514 $-32,808 -8.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Colleen Sargent Director 0.5
Director
$0 $0 $0
Bert Clay Director 0.5
Director
$0 $0 $0
John Pope Director 0.5
Director
$0 $0 $0
Cynthia Richardson Director 0.5
Director
$0 $0 $0
Warren Tessler President 0.5
Officer
$0 $0 $0
Vicki Stasch Secretary 0.5
Officer
$0 $0 $0
Bruce Henderson Vice President 0.5
Officer
$0 $0 $0
Troy Kunz Treasurer 0.5
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $415,088 $169,574 $1,228,864 $245,514
2023 $192,085 $224,893 $983,105 $-32,808
2022 $276,316 $184,072 $1,016,075 $92,244
2021 $321,463 $48,546 $923,267 $272,917
2020 $143,305 $124,173 $650,350 $19,132
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