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Nonprofiteer
← WAY TRAINING CENTER

Form 990 for tax year 2024

Filed by WAY TRAINING CENTER.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 15 May 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total expenses
$1,262,013 changed to $1,262,058
Total assets, end of year
$949,402 changed to $949,357
Net assets or fund balances, end of year
$735,273 changed to $735,228
Program services expenses
$911,309 changed to $911,354

Totals

Total revenue
$1,381,817
Total expenses
$1,262,013
Contributions and grants received
$104,558
Grants paid
$0
Program service revenue
$1,265,120
Investment income
$12,139
Other revenue
$0
Total assets, end of year
$949,402
Total liabilities, end of year
$214,129
Net assets or fund balances, end of year
$735,273
Program services expenses (Part IX)
$911,309
Management and general expenses
$349,154
Fundraising expenses
$1,550
Program service expenses (Part III)
$911,309

Program services were 72.2% 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

    $17,562

  • 1f · All other contributions, gifts and grants

    $86,996

  • 2f · All other program service revenue

    total $1,265,120 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $12,139 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $0

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

    $17,562

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $298,400 · program services $0 · management and general $298,400 · fundraising $0

  • 10 · Payroll taxes

    total $23,765 · program services $0 · management and general $23,765 · fundraising $0

  • 11b · Fees: legal

    total $19,770 · program services $0 · management and general $19,770 · fundraising $0

  • 11c · Fees: accounting

    total $2,182 · program services $2,182 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $2,129 · program services $2,129 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $10,756 · program services $10,756 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $29,206 · program services $29,206 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $56,495 · program services $56,495 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $819,310 · program services $810,541 · management and general $7,219 · fundraising $1,550

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $448,807 · end of year $183,313

  • 2 · Savings and temporary cash investments

    end of year $400,000

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

    $517,061

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

    $153,537

  • 10c · Land, buildings and equipment, net

    beginning of year $378,230 · end of year $363,524

  • 15 · Other assets

    beginning of year $2,565 · end of year $2,565

  • 23 · Secured mortgages and notes payable

    beginning of year $175,000 · end of year $163,000

  • 24 · Unsecured notes and loans payable

    beginning of year $33,740 · end of year $45,706

  • 25 · Other liabilities

    beginning of year $5,393 · end of year $5,423

  • 31 · Retained earnings, endowment or other funds

    beginning of year $615,469 · end of year $735,273

Mission and programs · 2024

Mission

Offering a residential training facility to train and equip people with life controlling issues including drug addiction, gambling addiction, and alcohol addiction in the Acadiana community

  • Outreach in the community to educate the public of Residential facility for the Acadiana areas. The Residential Facilty houses individuals and equips them with the skills to combat any drug addiction. Thift Stores for individuals in the program to work.

    Expenses $911,309 · Revenue $1,381,817

As filed on the 2024 return.

Listed in Part VII

  • Gerard Morgan

    Director

    Total calculated
    $0
    Hours/week
    100

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
2024
Filed
15 May 2025
IRS schema version
2024v5.1
Source object
202531359349305083

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