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Nonprofiteer
← WAKE ENTERPRISES INC

Form 990 for tax year 2022

Filed by WAKE ENTERPRISES INC.

Totals

Total revenue
$2,398,027
Total expenses
$2,302,435
Contributions and grants received
$263,677
Grants paid
$0
Program service revenue
$2,132,433
Investment income
$667
Other revenue
$1,250
Total assets, end of year
$4,227,033
Total liabilities, end of year
$657,024
Net assets or fund balances, end of year
$3,570,009
Program services expenses (Part IX)
$1,886,900
Management and general expenses
$415,535
Fundraising expenses
$0
Program service expenses (Part III)
$1,886,900

Program services were 82.0% 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.

  • 1e · Government grants (contributions)

    $234,384

  • 1f · All other contributions, gifts and grants

    $29,293

  • 2a · Program service revenue: Adult Day Services

    total $1,940,301 · related or exempt $1,940,301

  • 2b · Program service revenue: Contract Sales

    total $143,781 · related or exempt $143,781

  • 2c · Program service revenue: Intercompany Revenue

    total $41,753 · related or exempt $41,753

  • 2f · All other program service revenue

    total $6,598 · related or exempt $6,598

  • 3 · Investment income

    total $3,020 · excluded $3,020

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

    securities $2,353

  • 7c · Gain or loss

    securities -$2,353

  • 7d · Net gain or loss

    total -$2,353 · excluded -$2,353

  • 11a · Other revenue: PCard Rebates

    total $1,250 · excluded $1,250

  • 11e · Other revenue, total

    $1,250

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $287,736 · management and general $287,736

  • 11b · Fees: legal

    total $119,861 · management and general $119,861

  • 11c · Fees: accounting

    total $7,938 · management and general $7,938

  • 11g · Fees: other

    total $1,464,980 · program services $1,464,980

  • 16 · Occupancy

    total $40,802 · program services $40,802

  • 17 · Travel

    total $83,454 · program services $83,454

  • 20 · Interest

    total $29,855 · program services $29,855

  • 22 · Depreciation, depletion and amortization

    total $72,330 · program services $72,330

  • 23 · Insurance

    total $44,229 · program services $44,229

  • 24a · Other expenses: Supplies

    total $76,753 · program services $76,753

  • 24b · Other expenses: Maintenance and Repairs

    total $44,988 · program services $44,988

  • 24c · Other expenses: Housekeeping

    total $14,755 · program services $14,755

  • 24d · Other expenses: Communications

    total $12,944 · program services $12,944

  • 24e · All other expenses

    total $1,810 · program services $1,810

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $452,334 · end of year $321,533

  • 2 · Savings and temporary cash investments

    beginning of year $427,912 · end of year $431,833

  • 4 · Accounts receivable

    beginning of year $237,068 · end of year $278,542

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,924 · end of year $2,635

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

    $2,773,636

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

    $326,146

  • 10c · Land, buildings and equipment, net

    beginning of year $2,496,614 · end of year $2,447,490

  • 15 · Other assets

    beginning of year $550,540 · end of year $745,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,121 · end of year $11,137

  • 23 · Secured mortgages and notes payable

    beginning of year $671,394 · end of year $645,240

  • 25 · Other liabilities

    beginning of year $11,470 · end of year $647

  • 27 · Net assets without donor restrictions

    beginning of year $3,469,407 · end of year $3,570,009

Mission and programs · 2022

Mission

Founded in 1979, Wake Enterprises, Inc. ("WE") provides vocational and social opportunities for adults with intellectual and developmental disabilities and became the first agency in North Carolina offering supported employment in 1982. We serve adults with intellectual and developmental disabilities including autism, Down syndrome, traumatic brain injuries, and seizure disorders.

Activities or mission (Part I)

Wake Enterprises, Inc.'s mission is to assist people with disabilities to achieve their maximum level of independence.

  • Provide adults with developmental disabilities vocational or social opportunities.

    Expenses $1,886,900 · Revenue $2,132,433

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

Listed in Part VII

  • Ryan D Smith

    Director

    Total calculated
    $1,307,425
    From this org
    $2,567
    From related orgs
    $1,294,253
    Other
    $10,605
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $2,135 + $997,865 related
    Bonus
    $390 + $284,610 related
    Other
    $42 + $11,778 related
    Deferred
    $0
    Nontaxable benefits
    $21 + $10,584 related
    Filer's total
    $2,588 + $1,304,837 related

  • Oshana M Watkins

    President

    Total calculated
    $125,575
    From this org
    $124,297
    From related orgs
    $0
    Other
    $1,278
    Hours/week
    40

  • Deborah Holt Noel

    Chairperson

    Total calculated
    $0
    Hours/week
    1

  • Lorrie Gregg Hargreaves

    Vice Chairperson

    Total calculated
    $0
    Hours/week
    1

  • Dixie Blackmon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Wyatt Buckingham

    Director

    Total calculated
    $0
    Hours/week
    1

  • Susan Scott Daly

    Director

    Total calculated
    $0
    Hours/week
    1

  • Richard Greb

    Director

    Total calculated
    $0
    Hours/week
    1

  • Wendy Starnes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jennifer P Gassen

    Secretary

    Total calculated
    $256,527
    From this org
    $0
    From related orgs
    $243,511
    Other
    $13,016
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,011 related
    Bonus
    $0 + $77,500 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,016 related
    Filer's total
    $0 + $256,527 related

  • Joseph F Leone Jr

    Treasurer

    Total calculated
    $420,450
    From this org
    $0
    From related orgs
    $406,972
    Other
    $13,478
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $299,472 related
    Bonus
    $0 + $107,500 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,478 related
    Filer's total
    $0 + $420,450 related

  • Jeffrey Giovino

    Executive VP and COO

    Total calculated
    $972,604
    From this org
    $7,008
    From related orgs
    $956,999
    Other
    $8,597
    Hours/week
    0.5 + 54.5 related

    Schedule J breakdown matched by us

    Base
    $5,839 + $786,892 related
    Bonus
    $1,155 + $163,845 related
    Other
    $14 + $6,262 related
    Deferred
    $0
    Nontaxable benefits
    $62 + $8,535 related
    Filer's total
    $7,070 + $965,534 related

  • Elizabeth M Shea

    Sr VP of Human Resources

    Total calculated
    $365,244
    From this org
    $3,302
    From related orgs
    $354,250
    Other
    $7,692
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $2,725 + $292,327 related
    Bonus
    $577 + $61,923 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $71 + $7,621 related
    Filer's total
    $3,373 + $361,871 related

  • Kristin DeForest

    VP, Quality & Compliance, APIS

    Total calculated
    $246,936
    From this org
    $1,524
    From related orgs
    $232,247
    Other
    $13,165
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $1,446 + $220,325 related
    Bonus
    $78 + $11,922 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $86 + $13,079 related
    Filer's total
    $1,610 + $245,326 related

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

  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
Compensation is determined by the Salary Review Committee (SRC), based on an annual benchmarking process that typically considers data from 990s of comparable organizations, compensation studies by Guidestar Charity Navigator and similar publicly available sources, and advice from external consultants.
Part I, Line 7
Bonuses awarded during 2022 were discretionary and are correctly reported on Schedule J, Part II, Column B(ii).

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Abraxas Alliance Inc

    501(c)(3) · Provide residential and nonresidential services to at-risk youth · FL · controlled entity

    Directly controlled by Inperium Inc

  • Advancing Opportunities Inc

    501(c)(3) · Provide program support to individuals with various disabilities · NJ · controlled entity

    Directly controlled by Inperium of New Jersey Inc

  • Alvarium Healthcare Inc

    501(c)(3) · Provide treatment, support, and care for persons with disabilities · PA · controlled entity

    Directly controlled by Inperium Inc

  • Anchors - from Carol

    501(c)(3) · Provide services to those impacted by cancer and learning disabilities · PA · controlled entity

    Directly controlled by Inperium Inc

  • APIS Services Inc

    501(c)(3) · Provide operational, management, and administrative services · PA · controlled entity

    Directly controlled by Inperium Inc

  • CHOR Youth and Family Services Inc

    501(c)(3) · Provide services to youths, including community · PA · controlled entity

    Directly controlled by The Children's Home of Reading

  • Community Prevention Partnership

    501(c)(3) · Promote healthier community through various programs · PA · controlled entity

    Directly controlled by Inperium Inc

  • Conexio Care Inc

    501(c)(3) · Provide healthcare, housing, employment opportunities, counseling for MH · DE · controlled entity

    Directly controlled by Inperium Inc

  • Crossroads Programs Inc

    501(c)(3) · Provide services to at-risk youth · NJ · controlled entity

    Directly controlled by Inperium of New Jersey Inc

  • Guidance Center of Camden County Development Corporation

    501(c)(3) · Provide supervised residences for adults with psychiatric diagnoses · NJ · controlled entity

    Directly controlled by South Jersey Behavioral Health Resources Inc

  • Inperium of New Jersey Inc

    501(c)(3) · To support organizations incorporated in New Jersey · NJ · controlled entity

    Directly controlled by Inperium Inc

  • Inperium Inc

    501(c)(3) · Management oversight and support · PA

  • IRON Recovery and Wellness Center Inc

    501(c)(3) · Provide rehabilitation services to persons with substance abuse disorders · NJ · controlled entity

    Directly controlled by Inperium of New Jersey Inc

  • La Colmena Inperium Inc

    501(c)(3) · Provide operational, management, and administrative services · TX · controlled entity

    Directly controlled by Inperium Inc

  • Marc Housing Inc

    501(c)(3) · Housing · TN · controlled entity

    Directly controlled by Shelby Residential & Vocational Services Inc

  • Reading Specialists Education Association

    501(c)(3) · Provide dedicated professional counseling · PA · controlled entity

    Directly controlled by Inperium Inc

  • Shelby Residential & Vocational Services Inc

    501(c)(3) · Provide services for people with disabilities to live meaningful lives · TN · controlled entity

    Directly controlled by Inperium Inc

  • South Jersey Behavioral Health Resources Inc

    501(c)(3) · Provide mental health and IDD residential services · NJ · controlled entity

    Directly controlled by Inperium of New Jersey Inc

  • SRVS Group Home I Inc

    501(c)(3) · Housing · TN · controlled entity

    Directly controlled by Shelby Residential & Vocational Services Inc

  • SRVS Group Home II Inc

    501(c)(3) · Housing · TN · controlled entity

    Directly controlled by Shelby Residential & Vocational Services Inc

  • SRVS Home III Inc

    501(c)(3) · Housing · TN · controlled entity

    Directly controlled by Shelby Residential & Vocational Services Inc

  • Supportive Concepts for Families Inc

    501(c)(3) · Provide program support to individuals with IDD · PA · controlled entity

    Directly controlled by Inperium Inc

  • The Children's Home of Reading

    501(c)(3) · Raise funds to support affiliate organization programs · PA · controlled entity

    Directly controlled by Inperium Inc

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CannaLorem Inc

    C · Research and development · NJ · controlled entity

    Directly controlled by Inperium Inc

  • Fortis Holdings Inc

    S · To hold common shares and support the Employee Stock Ownership Program · PA · controlled entity

    Directly controlled by Supportive Concepts For Families Inc

  • Inperium of New York Inc

    C · To support future organizations incorporated in New York · NY · controlled entity

    Directly controlled by Inperium Inc

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202411359349307341

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