Civic Intelligence

Magnuson Park Center for Excellence

EIN 47-5063966 • 501(c)3 • Mountlake Terrace, WA

Profile

Create learning, socialization and play opportunities for all kids through the athletic, technology and arts activities to be offered. Our vision is to even the playing field.

co NSA 22313 70th Ave W Ste U1AMountlake Terrace, WA 98043

hangar2.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

100th percentile

130.00x

Higher debt load relative to assets than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

100th percentile

285.42x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

1st percentile

-14896%

Higher net margin than 1% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

11th percentile

-98%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-100%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$202

Down $12,602 (-98%) from 2022

Liabilities

Up

$26,259

Up $1,102 (+4.4%) from 2022

Net Assets

Down

-$26,057

Down $13,704 (-111%) from 2022

Operations
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$92

Down $47,249 (-100%) from 2022

Expenses

Down

$13,796

Down $58,281 (-81%) from 2022

Net Income

Up

-$13,704

Up $11,032 (+45%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth11th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0-$50KAssets 2015: $63,804Liabilities 2015: $30,000Net Assets 2015: $33,8042015Assets 2016: $12,110Liabilities 2016: $30,000Net Assets 2016: -$17,8902016Assets 2020: $62,303Liabilities 2020: $0Net Assets 2020: $62,3032020Assets 2021: $13,905Liabilities 2021: $1,522Net Assets 2021: $12,3832021Assets 2022: $12,804Liabilities 2022: $25,157Net Assets 2022: -$12,3532022Assets 2023: $202Liabilities 2023: $26,259Net Assets 2023: -$26,0572023

Highlighted filing

2023

Assets$202
Liabilities$26,259
Net Assets-$26,057
Open 2023 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2015: $77,836Expenses 2015: $21,215Net Income 2015: $56,6212015Revenue 2016: $0Expenses 2016: $82,047Net Income 2016: -$82,0472016Revenue 2020: $136,059Expenses 2020: $96,930Net Income 2020: $39,1292020Revenue 2021: $61,624Expenses 2021: $111,544Net Income 2021: -$49,9202021Revenue 2022: $47,341Expenses 2022: $72,077Net Income 2022: -$24,7362022Revenue 2023: $92Expenses 2023: $13,796Net Income 2023: -$13,7042023

Highlighted filing

2023

Revenue$92
Expenses$13,796
Net Income-$13,704
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$202
Liabilities
$26,259
Net assets
-$26,057
Revenue
$92
Expenses
$13,796
Net income
-$13,704
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.26$0.26$0.00$0.14$0.14
2022Detailed filing. Detailed filing data is available for this year.$0.13$0.25$0.12$0.47$0.72$0.25
2021Detailed filing. Detailed filing data is available for this year.$0.14$0.02$0.12$0.62$1.12$0.50
2020Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$1.36$0.97$0.39
2016Summary only. Only limited summary data is available for this year.$0.12$0.30$0.18$0.00$0.82$0.82
2015Summary only. Only limited summary data is available for this year.$0.64$0.30$0.34$0.78$0.21$0.57
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 6, 2024
Return Version
2023v5.0
Gross Receipts
$92
Mission and Program Overview

Mission

Create learning, socialization and play opportunities for all kids through the athletic, technology and arts activities to be offered. Our vision is to even the playing field.

Program Services

DescriptionGrantsExpenses
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.$0$6,000
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
WILLIAM CHAO~ Board Member (Officer) & Co-ChairPT$0--
KRIS SNIDER~ Board Member (Officer) & Co-ChairPT$0--
RAY ROBERTS~ Board MemberPT$0--
Filing and Contact Details

Filer

Filer Name
Magnuson Park Center for Excellence
EIN
47-5063966
Phone
2062844000
Address
co NSA 22313 70th Ave W Ste U1A, Mountlake Terrace, WA 98043

Signing Officer

Name
William Chao
Title
Co-Chair
Phone
2062844000
Signed
2024-11-06
Discuss with paid preparer
Yes

Preparer

Firm
Nwafm Pllc
Address
PO Box 77033, Seattle, WA 98177-0033
Preparer
David Schor
Phone
2067898484
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^Bank Fees;80|Website Hosting and Videoconferencing;1027|Loan Interest Exp;1831|Business License;20^Total;2958^”

Form 990-EZ, Part II, Line 26

“Description;EOY Amount^Bank Line of Credit;26259^Total;26259^”

Raw XML Appendix164 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Hangar2
IRS990EZ/BooksInCareOfDetail/PhoneNum02062844000
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt022313 70th Ave W
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Mountlake Terrace
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd098043
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt012804
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0202
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt086
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-13704
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt010838
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt012804
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0202
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt092
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt06
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-12353
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-26057
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-12353
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-26057
IRS990EZ/OccupancyRentUtltsAndMaintAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt210
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0WILLIAM CHAO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KRIS SNIDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2RAY ROBERTS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0~ Board Member (Officer) & Co-Chair
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1~ Board Member (Officer) & Co-Chair
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2~ Board Member
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt02958
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Create learning, socialization and play opportunities for all kids through the athletic, technology and arts activities to be offered. Our vision is to even the playing field.
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Hangar 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt06000
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt025157
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt026259
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt013796
IRS990EZ/TotalProgramServiceExpensesAmt06000
IRS990EZ/TotalRevenueAmt092
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0Hangar2.org
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt086
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt047314
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt061576
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0135955
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0244931
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt027
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt048
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0104
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt051
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0236
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99904
IRS990ScheduleA/PublicSupportPY170Pct00.99926
IRS990ScheduleA/PublicSupportTotal170Amt0244931
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt086
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt047314
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt061576
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0135955
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0244931
IRS990ScheduleA/TotalSupportAmt0245167
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^Bank Fees;80|Website Hosting and Videoconferencing;1027|Loan Interest Exp;1831|Business License;20^Total;2958^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;EOY Amount^Bank Line of Credit;26259^Total;26259^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 26
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0William Chao
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Co-Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum02062844000
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Magnuson Park Center for Excellence
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0dba Hangar2
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0475063966
ReturnHeader/Filer/PhoneNum02062844000
ReturnHeader/Filer/USAddress/AddressLine1Txt0co NSA 22313 70th Ave W Ste U1A
ReturnHeader/Filer/USAddress/CityNm0Mountlake Terrace
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098043
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0824105877
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NWAFM PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 77033
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Seattle
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0981770033
ReturnHeader/PreparerPersonGrp/PhoneNum02067898484
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David Schor
ReturnHeader/ReturnTs02024-11-06T14:12:42-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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