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Nonprofiteer
← WETATI ACADEMY INC

Form 990 for tax year 2023

Filed by WETATI ACADEMY INC.

Totals

Total revenue
$203,662
Total expenses
$256,018
Contributions and grants received
$203,662
Grants paid
$15,240
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$139,295
Total liabilities, end of year
$2,500
Net assets or fund balances, end of year
$136,795
Program services expenses (Part IX)
$254,388
Management and general expenses
$0
Fundraising expenses
$1,630
Program service expenses (Part III)
$254,388

Program services were 99.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $203,662

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $15,240 · program services $15,240

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $145,463 · program services $145,463

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $3,000 · program services $3,000

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $1,630 · fundraising $1,630

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $4,000 · program services $4,000

  • 12 · Advertising and promotion

    total $1,834 · program services $1,834

  • 13 · Office expenses

    total $1,002 · program services $1,002

  • 14 · Information technology

    total $2,087 · program services $2,087

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $15,891 · program services $15,891

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $3,463 · program services $3,463

  • 24a · Other expenses: PROGRAM STEM, CYBER, ETC

    total $62,408 · program services $62,408

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $202,505 · end of year $111,061

  • 4 · Accounts receivable

    end of year $28,234

  • 17 · Accounts payable and accrued expenses

    beginning of year $750 · end of year $2,500

  • 27 · Net assets without donor restrictions

    beginning of year $201,755 · end of year $136,795

Mission and programs · 2023

Mission

WETATi Academy is a practical entrepreneurship education nonprofit organization, located at and in partnership with Nyumburu Cultural Center, University of Maryland, College Park. Our mission is to educate and empower low- to-moderate income students, K-12 focus 10-25 years old through practical and experiential activities. Continued Sched O.

Activities or mission (Part I)

WETATi seeks to educate K-12, College and University Students with tools and resources to create ones own opportunity through a mindset shift that changes their narrative from job seeking to entrepreneurship or disrupti

  • WETATi Entrepreneurship STEM - E-STEM education explores and teaches the entrepreneurial aspect of STEM E-STEM, so that the students STEMPRENEURS can begin early to learn how to monetize and leverage their scientific ideas or and prepare them for the 21st century workforce in any field of their choosing.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ambassador Dr Margaret Dureke

    Founder, President, CEO

    Total calculated
    $0
    Hours/week
    60
  • Jimmie Jones

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Deepa Deshpande MS MBIOT PMP

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Lucretia Freeman-Buster

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Anne Reese Carswell

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Jeanna Pryor

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Courtney Green-Finklea

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Gabrielle Furr

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Kelly Vaughn

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Alphonso N Pearson Jr

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Richard Ojuri

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Angela Seay

    Board Member

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
19 June 2024
IRS schema version
2023v5.1
Source object
202421719349301432

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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