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Nonprofiteer
← WETATI ACADEMY INC

Form 990 for tax year 2025

Filed by WETATI ACADEMY INC.

Totals

Total revenue
$406,410
Total expenses
$402,603
Contributions and grants received
$204,910
Grants paid
$0
Program service revenue
$201,500
Investment income
$0
Other revenue
$0
Total assets, end of year
$200,337
Total liabilities, end of year
$5,250
Net assets or fund balances, end of year
$195,087
Program services expenses (Part IX)
$188,399
Management and general expenses
$213,169
Fundraising expenses
$1,035
Program service expenses (Part III)
$188,399

Program services were 46.8% 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)

    $60,000

  • 1f · All other contributions, gifts and grants

    $144,910

  • 2a · Program service revenue: PG COUNTY PUBLIC SCHOOLS

    total $179,000 · related or exempt $179,000

  • 2b · Program service revenue: DDC EDUCATION FUND

    total $22,500 · related or exempt $22,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $112,900 · program services $56,450 · management and general $56,450

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $100,029 · program services $92,000 · management and general $8,029

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $15,675 · management and general $15,675

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $5,420 · management and general $5,420

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $1,035 · fundraising $1,035

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $98,783 · program services $13,729 · management and general $85,054

  • 12 · Advertising and promotion

    total $1,807 · management and general $1,807

  • 13 · Office expenses

    total $10,733 · management and general $10,733

  • 14 · Information technology

    total $6,772 · management and general $6,772

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $6,106 · management and general $6,106

  • 17 · Travel

    total $1,984 · management and general $1,984

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $27,983 · program services $26,220 · management and general $1,763

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $4,976 · management and general $4,976

  • 24a · Other expenses: SCHOLARSHIPS AWARDS

    total $8,400 · management and general $8,400

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $152,029 · end of year $132,137

  • 4 · Accounts receivable

    beginning of year $45,000 · end of year $65,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,200 · end of year $3,200

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,949 · end of year $5,250

  • 27 · Net assets without donor restrictions

    beginning of year $191,280 · end of year $195,087

Mission and programs · 2025

Mission

WETATi Academy mission is to educate, empower, and equip low to moderate income youth with the practical financial, entrepreneurial, workforce, and STEM skills needed to achieve long term economic independence. We prepare students to navigate real world challenges confidently in the workforce, pursuing higher education, or launching a business.

Activities or mission (Part I)

Academy, Inc. provides practical entrepreneurship education, financial literacy, workforce development, leadership, and STEM-based programming that equips youth and young adults with skills to succeed in education, careers, and entrepreneurship.

  • Served 949 students through WETATi Academy Practical Entrepreneurship Education programs and related educational activities during 2025. Expanded program by adding courses focused on personal development and leadership, further strengthening students entreprenurial, professional and life skills.

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ambassador Dr Margaret Dureke

    Founder, President, CEO

    Total calculated
    $89,500
    From this org
    $89,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    60
  • Joanna Chambers

    Chief Operating Officer

    Total calculated
    $23,500
    From this org
    $23,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Deepa Deshpande MS MBIOT PMP

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Anne Reese Carswell

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Courtney Green-Finklea

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Gabrielle Furr

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Alphonso N Pearson Jr

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Richard Ojuri

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Angela Seay

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Alain Wescott

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Inga Adams

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Jimmie Jones

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • India Brown

    Board Member

    Total calculated
    $0
    Hours/week
    1

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
17 September 2026
IRS schema version
2025v4.1
Source object
202632609349300128

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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