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Nonprofiteer
← FAR AND WISE INC

Form 990 for tax year 2022

Filed by FAR AND WISE INC.

Totals

Total revenue
$1,574,585
Total expenses
$853,715
Contributions and grants received
$1,530,477
Grants paid
$58,135
Program service revenue
$0
Investment income
$27,532
Other revenue
$16,576
Total assets, end of year
$2,229,942
Total liabilities, end of year
$4,883
Net assets or fund balances, end of year
$2,225,059
Program services expenses (Part IX)
$666,667
Management and general expenses
$93,936
Fundraising expenses
$93,112
Program service expenses (Part III)
$666,667

Program services were 78.1% 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

    $530,739

  • 1e · Government grants (contributions)

    $137,200

  • 1f · All other contributions, gifts and grants

    $862,538

  • 1g · Noncash contributions included above

    $51,871

  • 3 · Investment income

    total $25,499 · excluded $25,499

  • 7a · Gross sales of assets other than inventory

    securities $249,454 · other assets $2,223

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

    securities $249,644

  • 7c · Gain or loss

    securities -$190 · other assets $2,223

  • 7d · Net gain or loss

    total $2,033 · excluded $2,033

  • 8a · Fundraising events: gross income

    $34,196

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

    $530,739

  • 8b · Fundraising events: direct expenses

    $18,120

  • 8c · Net income from fundraising events

    total $16,076

  • 11a · Other revenue: CASH REWARDS

    total $500 · excluded $500

  • 11e · Other revenue, total

    $500

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $58,135 · program services $58,135

  • 7 · Other salaries and wages

    total $487,176 · program services $399,484 · management and general $43,846 · fundraising $43,846

  • 9 · Other employee benefits

    total $11,680 · program services $3,174 · management and general $8,158 · fundraising $348

  • 10 · Payroll taxes

    total $37,482 · program services $30,736 · management and general $3,373 · fundraising $3,373

  • 11c · Fees: accounting

    total $15,375 · program services $6,494 · management and general $8,881

  • 11g · Fees: other

    total $56,029 · program services $52,052 · management and general $3,007 · fundraising $970

  • 12 · Advertising and promotion

    total $23,014 · program services $5,570 · management and general $6,027 · fundraising $11,417

  • 13 · Office expenses

    total $5,173 · program services $2,435 · management and general $2,738

  • 14 · Information technology

    total $4,470 · program services $1,597 · management and general $2,727 · fundraising $146

  • 16 · Occupancy

    total $7,058 · program services $3,002 · management and general $4,056

  • 19 · Conferences, conventions and meetings

    total $928 · management and general $928

  • 23 · Insurance

    total $7,050 · program services $3,875 · management and general $3,010 · fundraising $165

  • 24a · Other expenses: PROGRAM EXPENSE

    total $57,232 · program services $55,921 · management and general $1,211 · fundraising $100

  • 24b · Other expenses: DEVELOPMENT/FUNDRAISING

    total $45,072 · program services $42,289 · management and general $48 · fundraising $2,735

  • 24c · Other expenses: INKIND GOODS

    total $30,010 · fundraising $30,010

  • 24d · Other expenses: NATIONAL FRANCHISE FEE

    total $2,681 · management and general $2,681

  • 24e · All other expenses

    total $5,150 · program services $1,903 · management and general $3,245 · fundraising $2

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,335,061 · end of year $2,229,942

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

    $5,008

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

    $5,008

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,951 · end of year $4,883

  • 27 · Net assets without donor restrictions

    beginning of year $1,016,124 · end of year $1,870,823

  • 28 · Net assets with donor restrictions

    beginning of year $313,986 · end of year $354,236

Mission and programs · 2022

Mission

TO PROVIDE ACADEMIC SUPPORT, COUNSELING AND MENTORSHIP TO LOW-INCOME YOUTH FROM EARLY ELEMENTARY SCHOOL, THROUGH MIDDLE AND HIGH SCHOOL, AND GUARANTEED TUITION SUPPORT FOR HIGH EDUCATION. OUR WORK IS FOUNDED ON THE BELIEF THAT GIVEN EQUITABLE ACCESS TO RESOURCES, ALL CHILDREN CAN REALIZE THEIR INNATE POTENTIAL.

  • ELEMENTARY PROGRAM: OVER 60 STUDENTS SERVED IN 2ND & 3RD GRADE.

    Expenses $458,627

  • POST-SECONDARY PROGRAM: OVER 40 STUDENTS WERE PROVIDED MENTORSHIP, FINANCIAL AID, AND CAREER AND COURSE GUIDANCE. TRADE/VOCATIONAL PROGRAMMING WAS INTRODUCED AND SERVED 55 STUDENTS. SUMMERBRIDGE PARTNERSHIP PROGRAM: COLLABORATIVELY SERVED CLOSE TO 300 STUDENTS.

    Expenses $208,040 · Grants $58,135

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

Listed in Part VII

  • BRENT ROBINSON

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    12

  • BEVERLY ROBINSON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    8

  • JACOB GREENBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARY BACHMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • KENNETH LEWIS

    PRESIDENT EM

    Total calculated
    $0
    Hours/week
    2

  • JOYCE HART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAMELA MANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • TAYLOR GIBSON-ULLMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    12

  • QUIN CURRAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANA TORRES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • STEPHANIE WALLACE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BOB KNOEBEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JACK BUNCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PETER BECKER

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • LAURA ROSE-LEWIS

    EXECUTIVE DI

    Total calculated
    $102,083
    From this org
    $102,083
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JON MAKSIK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • KIM PERTEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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
2022
Filed
31 January 2024
IRS schema version
2022v5.0
Source object
202420439349301617

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