Form 990 for tax year 2022
Filed by WAYNE ACTION GROUP FOR ECONOMIC SOLVENCY INC.
Totals
- Total revenue
- $16,504,192
- Total expenses
- $15,369,188
- Contributions and grants received
- $16,388,756
- Grants paid
- $4,192
- Program service revenue
- $113,981
- Investment income
- $1,455
- Other revenue
- $0
- Total assets, end of year
- $8,640,643
- Total liabilities, end of year
- $799,332
- Net assets or fund balances, end of year
- $7,841,311
- Program services expenses (Part IX)
- $14,246,160
- Management and general expenses
- $1,123,028
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $14,246,160
Program services were 92.7% 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.
-
1e · Government grants (contributions)
$16,226,771
-
1f · All other contributions, gifts and grants
$161,985
-
1g · Noncash contributions included above
$4,192
-
2a · Program service revenue: PROGRAM SERVICE REVENUE
total $113,981 · related or exempt $113,981
-
3 · Investment income
total $1,455 · excluded $1,455
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $4,192 · program services $4,192
-
5 · Compensation of officers, directors and key employees
total $303,009 · program services $278,162 · management and general $24,847
-
7 · Other salaries and wages
total $6,445,463 · program services $5,889,326 · management and general $556,137
-
9 · Other employee benefits
total $2,376,536 · program services $2,246,557 · management and general $129,979
-
12 · Advertising and promotion
total $75,188 · program services $75,188
-
13 · Office expenses
total $1,688,179 · program services $1,667,962 · management and general $20,217
-
14 · Information technology
total $213,729 · program services $198,450 · management and general $15,279
-
16 · Occupancy
total $607,763 · program services $577,437 · management and general $30,326
-
17 · Travel
total $18,676 · program services $16,643 · management and general $2,033
-
22 · Depreciation, depletion and amortization
total $325,627 · program services $325,627
-
23 · Insurance
total $115,148 · program services $109,228 · management and general $5,920
-
24a · Other expenses: CONTRACTUAL SERVICES
total $793,902 · program services $554,225 · management and general $239,677
-
24b · Other expenses: NUTRITION & FOOD
total $774,099 · program services $774,099
-
24c · Other expenses: OTHER COSTS
total $663,774 · program services $620,548 · management and general $43,226
-
24d · Other expenses: CONTINUING EDUCATION
total $514,846 · program services $459,459 · management and general $55,387
-
24e · All other expenses
total $449,057 · program services $449,057
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,354,272 · end of year $1,982,578
-
3 · Pledges and grants receivable
beginning of year $652,114 · end of year $515,107
-
4 · Accounts receivable
beginning of year $97,997 · end of year $34,452
-
8 · Inventories for sale or use
beginning of year $16,724 · end of year $15,159
-
10a · Land, buildings and equipment: cost or other basis
$9,309,931
-
10b · Land, buildings and equipment: accumulated depreciation
$3,232,454
-
10c · Land, buildings and equipment, net
beginning of year $5,183,909 · end of year $6,077,477
-
15 · Other assets
beginning of year $0 · end of year $15,870
-
17 · Accounts payable and accrued expenses
beginning of year $546,079 · end of year $576,329
-
18 · Grants payable
end of year $159,408
-
19 · Deferred revenue
beginning of year $43,778 · end of year $47,725
-
23 · Secured mortgages and notes payable
beginning of year $8,852 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $15,870
-
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 $6,706,307 · end of year $7,841,311
Listed in Part VII
-
BILL BROADWAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
DON CHATMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1.5
-
DERRICK CREECH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
MICHELLE ESTRADA
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
LOUISE FAISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
NONA SHERROD FULLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
TIM HARRELL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
COMATHA JOHNSON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
MICHAEL JORDAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
BRIAN KING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
ASHELY LONG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
ADRIAN WORELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
EDWARD CROMARTIE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
NINA WILLIAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
NANCY REYES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
BEVAN FOSTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
PATRICIA PFEIFFER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
KENNY TALTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
PATRICIA BEIER
EXECUTIVE DIRECTOR
- Total calculated
- $194,177
- From this org
- $169,885
- From related orgs
- $0
- Other
- $24,292
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $169,885
- Bonus
- $0
- Other
- $0
- Deferred
- $13,886
- Nontaxable benefits
- $10,406
- Filer's total
- $194,177
-
WILLIAM COSNER
CHIEF FINANCIAL OFFICER
- Total calculated
- $108,832
- From this org
- $100,497
- From related orgs
- $0
- Other
- $8,335
- 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
- 3 · Approval by the board or compensation committee
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
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
- 5 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421349349302382
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