Nonprofit · EIN 47-5063966
MAGNUSON PARK CENTER FOR EXCELLENCE
Tax-exempt · SEATTLE, WA 98113
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | $92 | $13,796 | -$13,704 | $202 | $26,259 | -$26,057 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $86
- Program service revenue
- $0
- Investment income
- $6
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $10,838
- Other expenses
- $2,958
- Program services (functional)
- $6,000
Balance sheet and other
- Total assets, start of year
- $12,804
- Total assets, end of year
- $202
- Total liabilities, end of year
- $26,259
- Net assets, end of year
- -$26,057
- Cash, savings and investments
- $202
- Gross receipts
- $92
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM CHAO | ~ Board Member (Officer) & Co-Chair | 10 | $0 |
| KRIS SNIDER | ~ Board Member (Officer) & Co-Chair | 10 | $0 |
| RAY ROBERTS | ~ Board Member | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 8306 GREENWOOD AVE N, SEATTLE, WA 98113-1301
- Mailing address (990-N for 2025)
- 8306 Greenwood Ave N, Seattle WA 98113
- Principal officer (990-N for 2025)
- Bill Chao, 1314 - 6th Ave W, Seattle WA 98119
- Signed the 990-EZ
- William Chao, Co-Chair
- Phone
- (206) 284-4000
- Website
- https://www.hangar2.org/
- Return prepared by
- NWAFM PLLC
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 accomplishments
- 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.Expenses $6,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 47-5063966
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Recreation and sports (N32)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Bill Chao | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2024 Officer: Bill Chao | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2023 | $92 | $13,796 | $202 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: William Chao | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: William Chao | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-5063966).
Questions about MAGNUSON PARK CENTER FOR EXCELLENCE
- What is the EIN of MAGNUSON PARK CENTER FOR EXCELLENCE?
- The employer identification number (EIN) of MAGNUSON PARK CENTER FOR EXCELLENCE is 47-5063966.
- Is MAGNUSON PARK CENTER FOR EXCELLENCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to MAGNUSON PARK CENTER FOR EXCELLENCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGNUSON PARK CENTER FOR EXCELLENCE file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of MAGNUSON PARK CENTER FOR EXCELLENCE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAGNUSON PARK CENTER FOR EXCELLENCE last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of MAGNUSON PARK CENTER FOR EXCELLENCE?
- The 990-N for 2025 names Bill Chao.
- Who are the officers and directors of MAGNUSON PARK CENTER FOR EXCELLENCE?
- The 990-EZ for the year ended December 31, 2023 lists 3 people; 0 received compensation from the organization.
- How much revenue does MAGNUSON PARK CENTER FOR EXCELLENCE have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of $92, expenses of $13,796 and total assets of $202 at year end.
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