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Nonprofiteer
← WORKING IN SUPPORT OF EDUCATION

Form 990 for tax year 2022

Filed by WORKING IN SUPPORT OF EDUCATION.

Totals

Total revenue
$2,775,292
Total expenses
$2,601,423
Contributions and grants received
$1,187,671
Grants paid
$63,025
Program service revenue
$1,503,593
Investment income
$77,345
Other revenue
$6,683
Total assets, end of year
$3,095,165
Total liabilities, end of year
$860,394
Net assets or fund balances, end of year
$2,234,771
Program services expenses (Part IX)
$1,845,820
Management and general expenses
$412,629
Fundraising expenses
$342,974
Program service expenses (Part III)
$1,845,820

Program services were 71.0% 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

    $222,696

  • 1e · Government grants (contributions)

    $27,885

  • 1f · All other contributions, gifts and grants

    $937,090

  • 1g · Noncash contributions included above

    $129

  • 2a · Program service revenue: PROGRAM AND SERVICE FE

    total $1,503,593 · related or exempt $1,503,593

  • 3 · Investment income

    total $31,875 · excluded $31,875

  • 7a · Gross sales of assets other than inventory

    securities $473,291

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

    securities $427,821

  • 7c · Gain or loss

    securities $45,470

  • 7d · Net gain or loss

    total $45,470 · excluded $45,470

  • 8a · Fundraising events: gross income

    $84,100

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

    $222,696

  • 8b · Fundraising events: direct expenses

    $98,967

  • 8c · Net income from fundraising events

    total -$14,867 · excluded -$14,867

  • 11a · Other revenue: TRANSLATION ADJUSTMENT

    total $20,500 · excluded $20,500

  • 11b · Other revenue: OTHER INCOME

    total $1,050 · excluded $1,050

  • 11e · Other revenue, total

    $21,550

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,625 · program services $27,625

  • 2 · Grants to domestic individuals

    total $35,400 · program services $35,400

  • 5 · Compensation of officers, directors and key employees

    total $410,804 · program services $144,971 · management and general $153,457 · fundraising $112,376

  • 7 · Other salaries and wages

    total $988,884 · program services $794,181 · management and general $21,944 · fundraising $172,759

  • 8 · Pension plan contributions

    total $28,829 · program services $28,829

  • 9 · Other employee benefits

    total $69,165 · program services $2,900 · management and general $19,935 · fundraising $46,330

  • 10 · Payroll taxes

    total $93,230 · program services $75,524 · management and general $6,197 · fundraising $11,509

  • 11c · Fees: accounting

    total $111,930 · program services $18,783 · management and general $93,147

  • 11f · Fees: investment management

    total $4,510 · management and general $4,510

  • 11g · Fees: other

    total $69,696 · program services $66,113 · management and general $3,583

  • 12 · Advertising and promotion

    total $2,270 · program services $519 · management and general $1,751

  • 13 · Office expenses

    total $31,330 · program services $18,039 · management and general $13,291

  • 14 · Information technology

    total $381,588 · program services $348,998 · management and general $32,590

  • 16 · Occupancy

    total $96,533 · program services $72,124 · management and general $24,409

  • 17 · Travel

    total $145,799 · program services $144,339 · management and general $1,460

  • 19 · Conferences, conventions and meetings

    total $48,307 · program services $48,124 · management and general $183

  • 22 · Depreciation, depletion and amortization

    total $27,256 · program services $700 · management and general $26,556

  • 23 · Insurance

    total $14,532 · program services $5,191 · management and general $9,341

  • 24a · Other expenses: AWARDS & BANNERS

    total $11,025 · program services $11,025

  • 24b · Other expenses: STATE REGISTRATIONS

    total $2,710 · program services $2,435 · management and general $275

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,102,471 · end of year $366,870

  • 2 · Savings and temporary cash investments

    beginning of year $522,665 · end of year $1,393,185

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $2,471

  • 4 · Accounts receivable

    beginning of year $55,653 · end of year $496,647

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,868 · end of year $11,927

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

    $218,951

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

    $176,241

  • 10c · Land, buildings and equipment, net

    beginning of year $62,445 · end of year $42,710

  • 11 · Investments: publicly traded securities

    beginning of year $824,789 · end of year $612,586

  • 14 · Intangible assets

    beginning of year $24,563 · end of year $17,042

  • 15 · Other assets

    beginning of year $3,000 · end of year $151,727

  • 17 · Accounts payable and accrued expenses

    beginning of year $245,718 · end of year $131,275

  • 18 · Grants payable

    beginning of year $91,855 · end of year $93,743

  • 19 · Deferred revenue

    beginning of year $10,000 · end of year $4,000

  • 25 · Other liabilities

    beginning of year $183,615 · end of year $631,376

  • 27 · Net assets without donor restrictions

    beginning of year $1,818,890 · end of year $1,944,465

  • 28 · Net assets with donor restrictions

    beginning of year $269,376 · end of year $290,306

Mission and programs · 2022

Mission

THE MISSION OF W!SE IS TO IMPROVE ECONOMIC MOBILITY THROUGH PROGRAMS THAT DEVELOP FINANCIAL LITERACY AND READINESS FOR COLLEGE AND CAREERS. OUR SUCCESS IS BUILT ON FIVE PILLARS RELEVANCY, DIGITAL LEADERSHIP, REAL-WORLD EXPERIENCES, VOLUNTEERISM, AND EVALUATION TO IMPROVE ECONOMIC MOBILITY THROUGH PROGRAMS THAT DEVELOP FINANCIAL LITERACY AND READINESS FOR COLLEGE AND CAREERS. OUR SUCCESS IS BUILT ON FIVE PILLARS RELEVANCY, DIGITAL LEADERSHIP, REAL-WORLD EXPERIENCES, VOLUNTEERISM, AND EVALUATION.

Activities or mission (Part I)

TO IMPROVE ECONOMIC MOBILITY THROUGH PROGRAMS THAT DEVELOP FINANCIAL LITERACY AND READINESS FOR COLLEGE AND CAREERS.

  • EVERY DAY, THROUGH AWARD-WINNING PROGRAMS AND SERVICES, W!SE TRANSFORMS THE LIVES OF THOUSANDS OF STUDENTS, EDUCATORS AND ADULTS FROM ALL CORNERS OF THE U.S. WE PROVIDE HIGH SCHOOL TEACHERS WITH THE TRAINING AND TOOLS TO HELP THEIR STUDENTS BECOME FINANCIALLY LITERATE YOUNG ADULTS. WE OFFER THESE STUDENTS AN OPPORTUNITY TO EARN OUR COVETED FINANCIAL LITERACY CERTIFICATION; WE INSPIRE YOUNG PEOPLE TO DEVELOP THE PASSION AND SKILLS TO BECOME BETTER PREPARED FOR COLLEGE AND CAREERS; AND WE GUIDE ADULTS FROM ALL WALKS OF LIFE, ESPECIALLY THOSE WHO ARE UNDERSERVED AND VULNERABLE, ONTO A PATH OF FINANCIAL INDEPENDENCE.

    Expenses $1,845,820 · Grants $63,025 · Revenue $1,503,593

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

Listed in Part VII

  • Phyllis Frankfort Perillo

    PRESIDENT/CEO, DIRECTOR

    Total calculated
    $347,251
    From this org
    $287,423
    From related orgs
    $0
    Other
    $59,828
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $287,423
    Bonus
    $0
    Other
    $0
    Deferred
    $41,500
    Nontaxable benefits
    $18,328
    Filer's total
    $347,251

  • David Anderson

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $225,066
    From this org
    $190,820
    From related orgs
    $0
    Other
    $34,246
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,820
    Bonus
    $0
    Other
    $0
    Deferred
    $19,982
    Nontaxable benefits
    $14,264
    Filer's total
    $225,066

  • Kresimir Marusic

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kamala Anantharam

    VICE CHAIR & TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Todd Wolynski

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • James Abry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kate Faraday

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hady Farag

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jasmine Golubic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Hughes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Kasman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Pinard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Martin Smit

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Taylor Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Stanziale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Warszawski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dario Stipisic

    SENIOR DIRECTOR, FINANCIAL LITERACY

    Total calculated
    $140,089
    From this org
    $125,825
    From related orgs
    $0
    Other
    $14,264
    Hours/week
    40

  • Kristy Nguyen

    SENIOR VICE PRESIDENT

    Total calculated
    $142,156
    From this org
    $121,206
    From related orgs
    $0
    Other
    $20,950
    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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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

Provenance

Return type
form_990
Tax year
2022
Filed
31 January 2024
IRS schema version
2022v5.0
Source object
202410319349301416

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