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Nonprofiteer
← WATAUGA OPPORTUNITIES INC

Form 990 for tax year 2023

Filed by WATAUGA OPPORTUNITIES INC.

Totals

Total revenue
$6,819,844
Total expenses
$5,810,351
Contributions and grants received
$501,994
Grants paid
$0
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$4,925,323
Management and general expenses
$885,028
Fundraising expenses
$0
Program service expenses (Part III)
$4,925,323

Program services were 84.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • RON HENRIES

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • TASHA ROUNTREE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • MIKE HALL

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • PAT BALL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • DAYTON COLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • DAVID JACKSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • LARRY TURNBOW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • MICHAEL MAYBEE

    PRESIDENT, CEO

    Total calculated
    $203,381
    From this org
    $203,381
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,271
    Bonus
    $47,883
    Other
    $227
    Deferred
    $30,000
    Nontaxable benefits
    $0
    Filer's total
    $233,381

  • KIMBERLY HASH

    FINANCE OFFICER

    Total calculated
    $161,766
    From this org
    $161,766
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,363
    Bonus
    $46,403
    Other
    $0
    Deferred
    $9,828
    Nontaxable benefits
    $0
    Filer's total
    $171,594

  • VIRGINIA WALKER

    CHIEF OPERATIONS OFFICER

    Total calculated
    $153,367
    From this org
    $153,367
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $107,364
    Bonus
    $46,003
    Other
    $0
    Deferred
    $9,205
    Nontaxable benefits
    $0
    Filer's total
    $162,572

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

  • 6a · Pay contingent on this organization's net earnings

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
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Pt I Line 6a
ANNUAL BONUS IS CALCULATED BASED ON CURRENT FISCAL YEAR NET INCOME.

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
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413239349300526

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