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← WRIGHT WAY FOUNDATION

Form 990 for tax year 2023

Filed by WRIGHT WAY FOUNDATION.

Totals

Total revenue
$177,191
Total expenses
$104,810
Contributions and grants received
$235,773
Grants paid
$67,359
Program service revenue
$0
Investment income
$0
Other revenue
-$58,582
Total assets, end of year
$80,256
Total liabilities, end of year
$7,875
Net assets or fund balances, end of year
$72,381
Program services expenses (Part IX)
$89,403
Management and general expenses
$2,510
Fundraising expenses
$12,897
Program service expenses (Part III)
$89,403

Program services were 85.3% 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.

  • 1c · Fundraising events

    $169,190

  • 1f · All other contributions, gifts and grants

    $66,583

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $169,190

  • 8b · Fundraising events: direct expenses

    $58,582

  • 8c · Net income from fundraising events

    total -$58,582 · excluded -$58,582

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $41,600 · program services $41,600

  • 2 · Grants to domestic individuals

    total $25,759 · program services $25,759

  • 5 · Compensation of officers, directors and key employees

    total $12,000 · program services $8,400 · management and general $1,200 · fundraising $2,400

  • 11g · Fees: other

    total $1,500 · program services $1,500

  • 17 · Travel

    total $2,966 · program services $2,966

  • 24a · Other expenses: WEBSITE

    total $11,757 · program services $8,230 · management and general $1,176 · fundraising $2,351

  • 24b · Other expenses: OTHER FUNDRAISING EXPEN

    total $7,875 · fundraising $7,875

  • 24c · Other expenses: SUPPLIES

    total $630 · program services $441 · management and general $63 · fundraising $126

  • 24d · Other expenses: SIGNAGE

    total $484 · program services $339 · management and general $48 · fundraising $97

  • 24e · All other expenses

    total $239 · program services $168 · management and general $23 · fundraising $48

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $80,256

  • 25 · Other liabilities

    beginning of year $0 · end of year $7,875

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $72,381

Mission and programs · 2023

Mission

THE MISSION OF THE FOUNDATION IS TO EMPOWER YOUTH WITH THE TOOLS TO LIVE AN ACTIVE, HEALTHY AND EDUCATED LIFESTYLE.

  • BACK TO SCHOOL DRIVE - THE WRIGHT WAY FOUNDATION HOSTS A BACK TO SCHOOL DRIVE WHERE KIDS RECEIVE FREE SUPPLIES, HAIRCUTS AND SUPPORT. IN 2023, THE ORGANIZAITON PURCHASED OVER $16,000 WORTH OF SCHOOL SUPPLIES TO PROVIDE TO CHILDREN IN NEED.

    Expenses $38,196 · Grants $19,559

  • PROVIDING SUPPORT TO STUDENTS THROUGH GRANTS/SCHOLARSHIPS:PROVIDING GRANTS TO ORGANIZATIONS SUPPORTING STUDENTS THROUGH ACADEMICS AND SPORTS SUCH AS SINCERELY ROYAL FOUNDATION.

    Expenses $31,000 · Grants $31,000

  • FINANCIAL LITERACY PROGRAM - IN 2023, THE WRIGHT WAY FOUNDATION PARTNERED WITH THE RAINIER VISTA BOYS & GIRLS CLUB TO PROVIDE TEENS WITH A 9 WEEK LONG FINANCIAL LITERACY COURSE. IN THE NINE WEEKS, PARTICIPANTS TACKLED FINANCIAL MANAGEMENT TOPICS INCLUDING CREDIT SCORE, IDENTITY PROTECTION, SOCIAL MEDIA'S FINANCIAL IMPACT, BUILDING EQUITY AND COMPOUND INTEREST.

    Expenses $20,207 · Grants $16,800

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

Listed in Part VII

  • Telecia Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bobby Wagner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Skye Idehen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kenneth J Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Brigid Graham

    EXECUTIVE DIRECTOR

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

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

  • OLIVE BRANCH HIGH SCHOOL

    $15,000

    TO SUPPORT HIGH SCHOOL STUDENTS AND ATHLETICS

  • SINCERELY ROYAL FOUNDATION

    $11,000

    TO SUPPPORT THE GRANTEES PURPOSE TO DEVLEOP AT RISK YOUTH BY PROVIDING ACADEMIC AND ATHLETIC SUPPORT.

Provenance

Return type
form_990
Tax year
2023
Filed
18 November 2024
IRS schema version
2023v5.1
Source object
202423239349300542

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