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Nonprofiteer
← WATAUGA OPPORTUNITIES INC

Form 990 for tax year 2022

Filed by WATAUGA OPPORTUNITIES INC.

Totals

Total revenue
$5,864,008
Total expenses
$5,176,893
Contributions and grants received
$529,354
Grants paid
$0
Program service revenue
$5,165,152
Investment income
$92,915
Other revenue
$76,587
Total assets, end of year
$7,270,111
Total liabilities, end of year
$896,266
Net assets or fund balances, end of year
$6,373,845
Program services expenses (Part IX)
$4,433,832
Management and general expenses
$743,061
Fundraising expenses
$0
Program service expenses (Part III)
$4,433,832

Program services were 85.6% 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

    $529,354

  • 2a · Program service revenue: RESIDENTIAL SERVICES

    total $233,455 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: COMMUNITY EMPLOYMENT PROGRAM

    total $3,051,010 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: CAP

    total $907,957 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: OTHER PROGRAM SERVICES

    total $972,730 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $89,306 · unrelated business $0 · excluded $89,306

  • 7a · Gross sales of assets other than inventory

    other assets $23,718

  • 7b · Less cost or other basis and sales expenses

    other assets $20,109

  • 7c · Gain or loss

    other assets $3,609

  • 7d · Net gain or loss

    total $3,609 · related or exempt $0 · unrelated business $0 · excluded $3,609

  • 10a · Gross sales of inventory

    $1,083,751

  • 10b · Cost of goods sold

    $1,007,164

  • 10c · Net income from sales of inventory

    total $76,587 · related or exempt $76,587

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $312,569 · program services $0 · management and general $312,569 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $3,167,266 · program services $2,955,453 · management and general $211,813 · fundraising $0

  • 9 · Other employee benefits

    total $425,252 · program services $351,462 · management and general $73,790 · fundraising $0

  • 10 · Payroll taxes

    total $257,236 · program services $220,998 · management and general $36,238 · fundraising $0

  • 16 · Occupancy

    total $81,372 · program services $81,372 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $160,390 · program services $160,390 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $39,581 · program services $31,128 · management and general $8,453 · fundraising $0

  • 24a · Other expenses: POSTAGE

    total $2,041 · program services $42 · management and general $1,999 · fundraising $0

  • 24b · Other expenses: UTILITIES

    total $58,650 · program services $58,650 · management and general $0 · fundraising $0

  • 24c · Other expenses: TELEPHONE

    total $52,701 · program services $40,421 · management and general $12,280 · fundraising $0

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $13,483 · program services $110 · management and general $13,373 · fundraising $0

  • 24e · All other expenses

    total $606,352 · program services $533,806 · management and general $72,546 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,941,404 · end of year $2,807,212

  • 4 · Accounts receivable

    beginning of year $872,012 · end of year $881,292

  • 8 · Inventories for sale or use

    beginning of year $305,327 · end of year $312,272

  • 9 · Prepaid expenses and deferred charges

    beginning of year $71,372 · end of year $67,243

  • 10a · Land, buildings and equipment: cost or other basis

    $3,414,835

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,490,448

  • 10c · Land, buildings and equipment, net

    beginning of year $899,364 · end of year $924,387

  • 11 · Investments: publicly traded securities

    beginning of year $2,080,268 · end of year $2,229,971

  • 15 · Other assets

    beginning of year $4,846 · end of year $47,734

  • 17 · Accounts payable and accrued expenses

    beginning of year $559,660 · end of year $896,266

  • 27 · Net assets without donor restrictions

    beginning of year $5,611,763 · end of year $6,370,675

  • 28 · Net assets with donor restrictions

    beginning of year $3,170 · end of year $3,170

Mission and programs · 2022

Mission

SHELTERED WORKSHOP/GROUP HOMES

  • RESIDENTIAL SERVICES: TO PROVIDE COMMUNITY-BASED LIVING AND SUPPORTS IN TRADITIONAL HOUSING FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. PROVIDED GROUP HOME SERVICES IN NORMALIZED COMMUNITY HOMES FOR 12 INDIVIDUALS INCLUDING BASIC SKILLS OF DAILY LIVING, NUTRITION, AND OTHER SUPPORT SERVICES.

    Expenses $641,569 · Revenue $233,455

  • COMMUNITY EMPLOYMENT: EVALUATION, JOB DEVLOPMENT, JOB TRAINING, AND EMPLOYMENT FOLLOW-ALONG SERVICES FOR INDIVIDUALS WITH DISABILITIES. 346 PEOPLE WERE SERVED IN EVALUATION, JOB DEVELOPMENT, JOB TRAINING, AND SHORT & LONG TERM EMPLOYMENT FOLLOW-ALONG SERVICES. 65 INDIVIDUALS WERE PLACED IN JOBS.

    Expenses $684,106 · Revenue $3,051,010

  • INNOVATIONS: PROVIDES INDIVIDUALIZED ONE-ON-ONE COMMUNITY BASED SUPPORTS FOR INDIVIDUALS WHO WOULD OTHERWISE NEED INSTITUTIONAL SUPPORT. THE PROGRAM HAS PROVIDED UP TO 20 HOURS PER WEEK OF ONE-ON-ONE COMMUNITY BASED SUPPORT FOR 15 INDIVIDUALS WITH DISABILITIES.

    Expenses $93,790 · Revenue $907,957

  • TRAINING/SUPPORTS FOR INDIVIDUALS WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT AND COMMUNITY INVOLVEMENT.

    Expenses $3,014,367 · Revenue $1,049,317

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • RON HENRIES

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • PAT BALL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • MIKE HALL

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • EDDIE ALEJANDRO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • DAVID JACKSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • ROACHEL LANEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • MICHAEL MAYBEE

    PRESIDENT, CEO

    Total calculated
    $180,194
    From this org
    $180,194
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,285
    Bonus
    $33,593
    Other
    $2,316
    Deferred
    $10,868
    Nontaxable benefits
    $0
    Filer's total
    $191,062

  • LARRY TURNBOW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • CAROL DEAL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • TASHA ROUNDTREE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • KIMBERLY HASH

    FINANCE OFFICER

    Total calculated
    $132,375
    From this org
    $132,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • VIRGINIA WALKER

    CHIEF OPERATIONS OFFICER

    Total calculated
    $123,832
    From this org
    $123,832
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Pt I Line 6a
ANNUAL BONUS IS CALCULATED BASED ON CURRENT FISCAL YEAR NET INCOME.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202303179349303125

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