Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,442,429

• 1f · All other contributions, gifts and grants

  $4,428,920

• 2a · Program service revenue: FUND MANAGEMENT INCOME

  total $1,864,295 · related or exempt $1,864,295

• 2b · Program service revenue: LOAN FEES

  total $160,257 · related or exempt $160,257

• 2c · Program service revenue: INTEREST FROM LOANS

  total $158,907 · related or exempt $158,907

• 2d · Program service revenue: CONTRACTS

  total $17,500 · related or exempt $17,500

• 3 · Investment income

  total $2,656 · excluded $2,656

• 11a · Other revenue: REBATES

  total $8,994 · excluded $8,994

• 11b · Other revenue: MISCELLANEOUS

  total $3,020 · excluded $3,020

• 11e · Other revenue, total

  $12,014

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,409,322 · program services $1,409,322

• 5 · Compensation of officers, directors and key employees

  total $541,269 · program services $80,230 · management and general $316,339 · fundraising $144,700

• 7 · Other salaries and wages

  total $2,470,921 · program services $1,326,162 · management and general $551,832 · fundraising $592,927

• 8 · Pension plan contributions

  total $87,598 · program services $52,529 · management and general $19,245 · fundraising $15,824

• 9 · Other employee benefits

  total $246,562 · program services $139,787 · management and general $59,704 · fundraising $47,071

• 10 · Payroll taxes

  total $219,345 · program services $104,819 · management and general $60,156 · fundraising $54,370

• 11b · Fees: legal

  total $6,982 · program services $6,277 · management and general $437 · fundraising $268

• 11c · Fees: accounting

  total $26,220 · program services $10,717 · management and general $11,311 · fundraising $4,192

• 11e · Fees: professional fundraising services

  total $29,500 · fundraising $29,500

• 11g · Fees: other

  total $409,240 · program services $230,150 · management and general $79,946 · fundraising $99,144

• 12 · Advertising and promotion

  total $160,429 · program services $31,311 · management and general $4,039 · fundraising $125,079

• 13 · Office expenses

  total $82,050 · program services $40,950 · management and general $30,733 · fundraising $10,367

• 14 · Information technology

  total $314,288 · program services $183,677 · management and general $56,780 · fundraising $73,831

• 16 · Occupancy

  total $161,567 · program services $100,887 · management and general $41,265 · fundraising $19,415

• 17 · Travel

  total $41,988 · program services $27,175 · management and general $7,417 · fundraising $7,396

• 19 · Conferences, conventions and meetings

  total $93,153 · program services $47,751 · management and general $27,022 · fundraising $18,380

• 20 · Interest

  total $85,052 · program services $78,617 · management and general $3,971 · fundraising $2,464

• 22 · Depreciation, depletion and amortization

  total $51,337 · program services $29,686 · management and general $12,758 · fundraising $8,893

• 23 · Insurance

  total $17,574 · program services $8,752 · management and general $5,270 · fundraising $3,552

• 24a · Other expenses: LOAN FUND FEES

  total $410,263 · program services $410,249 · management and general $10 · fundraising $4

• 24b · Other expenses: MISCELLANEOUS

  total $1,631 · program services $1,631

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,460,637 · end of year $11,577,577

• 2 · Savings and temporary cash investments

  beginning of year $2,485,483 · end of year $1,546,960

• 3 · Pledges and grants receivable

  beginning of year $1,357,096 · end of year $1,295,051

• 4 · Accounts receivable

  beginning of year $15,900 · end of year $163,221

• 7 · Other notes and loans receivable

  beginning of year $1,332,278 · end of year $1,297,567

• 9 · Prepaid expenses and deferred charges

  beginning of year $114,200 · end of year $164,336

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

  $264,097

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

  $194,623

• 10c · Land, buildings and equipment, net

  beginning of year $112,282 · end of year $69,474

• 15 · Other assets

  beginning of year $28,624 · end of year $389,783

• 17 · Accounts payable and accrued expenses

  beginning of year $121,557 · end of year $337,991

• 19 · Deferred revenue

  beginning of year $1,230,441 · end of year $1,583,095

• 21 · Escrow or custodial account liability

  beginning of year $98,727 · end of year $107,884

• 22 · Loans and payables to officers and key people

  beginning of year $8,000 · end of year $1,000

• 23 · Secured mortgages and notes payable

  beginning of year $735,145 · end of year $602,423

• 24 · Unsecured notes and loans payable

  beginning of year $3,759,970 · end of year $2,460,425

• 25 · Other liabilities

  beginning of year $40,643 · end of year $278,327

• 27 · Net assets without donor restrictions

  beginning of year $4,787,340 · end of year $6,434,345

• 28 · Net assets with donor restrictions

  beginning of year $4,124,677 · end of year $4,698,479

The filer's explanations (Part III)

PART I, LINE 7

ON NOVEMBER 15, 2022, WACIF PAID NON-FIXED DISCRETIONARY BONUS PAYMENTS TO ELIGIBLE STAFF BASED ON THE ORGANIZATION'S OVERALL PERFORMANCE. SIMILARLY, ON AUGUST 31, 2022, WACIF PAID A ONE-TIME NON-FIXED DISCRETIONARY PAYMENT TO ELIGIBLE STAFF TO OFFSET THE EFFECTS OF THE INCREASING INFLATIONARY ENVIRONMENT.