W L C Management Company Inc
- Assets
- $836.0k
- Revenue
- $626.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Quincy, MA
- Founding
- 07/2000
- Data as of
- 12/2021
- EIN
- 04-3333863
Organization Overview
W L C Management Company Inc is located in Quincy, MA. The organization was established in 2000. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, W L C Management Company Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. W L C Management Company Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, W L C Management Company Inc generated $626.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $601.3k during the year ending 12/2021. While expenses have increased by 6.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SERVE AND SUPPORT NON-PROFIT ORGANIZATIONS THROUGH THE PROVISION OF MANAGEMENT AND OTHER SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION COORDINATES AND PROVIDES SOCIAL SERVICES AND MANAGEMENT SERVICES INCLUDING BUDGETING, CONTRACTING, NEGOTIATIONS, AND COMPLIANCE WITH OVERSIGHT AGENCY REGULATIONS TO TWO NON-PROFIT HUD REGULATED PROJECTS WITH OVER 400 LOW-INCOME ELDERLY AND HANDICAPPED INDIVIDUALS, A NON-PROFIT PRESCHOOL SERVING OVER 100 CHILDREN DAILY, AND A NON-PROFIT COMMUNITY AGENCY PROVIDING SOCIAL AND CULTURAL ACTIVITIES SERVING HUNDREDS OF AREA RESIDENTS. THE ORGANIZATION ALSO PROVIDED CASH SUPPORT TO 3 NON-PROFIT ENTITIES WHICH SERVE THE SOUTH SHORE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Wismar President/tr | OfficerTrustee | 8 | $88,636 |
Steve Law Director/vic | OfficerTrustee | 20 | $66,766 |
Lola Tom Director/ Se | OfficerTrustee | 0.5 | $0 |
Rev Adolph Wismar Director | Trustee | 0.5 | $0 |
Marcia Bailey Director | Trustee | 0.5 | $0 |
Barbara Wismar Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $623,693 |
| Investment income | $2,428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $626,121 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,050 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $362,056 |
| Pension plan accruals and contributions | $33,643 |
| Other employee benefits | $64,052 |
| Payroll taxes | $27,264 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,631 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $203 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,676 |
| All other expenses | $1,477 |
| Total functional expenses | $601,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550,120 |
| Savings and temporary cash investments | $45,458 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $229 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,800 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $236,383 |
| Total assets | $835,990 |
| Accounts payable and accrued expenses | $12,957 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,405 |
| Total liabilities | $18,362 |
| Net assets without donor restrictions | $817,628 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $835,990 |
Grants Awarded
Over the last fiscal year, W L C Management Company Inc has awarded $19,436 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Quincy, MA PURPOSE: GENERAL SUPPORT | $8,000 |
Quincy, MA PURPOSE: MINISTRY SUPPORT | $5,870 |
Quincy, MA PURPOSE: OBTAIN RENT SUBSIDY | $5,566 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fidelity Non-Profit Management Foundation Boston, MA | $2,237,901,889 | $256,876,248 |
The Bridgespan Group Inc Boston, MA | $174,186,501 | $94,948,133 |
Grhs Foundation Inc Rochester, NY | $150,651,211 | $43,275,253 |
Hispanic Federation Inc New York, NY | $50,299,555 | $50,097,384 |
Common Fund For Non-Profit Organizations Wilton, CT | $4,189,942,831 | $274,004,992 |
Affiliates Risk Management Services Inc New York, NY | $25,877,262 | $29,825,362 |
New Profit Inc Boston, MA | $113,525,114 | $77,118,974 |
Nonprofit Finance Fund New York, NY | $319,614,124 | $35,516,704 |
Npower Inc Brooklyn, NY | $16,868,984 | $22,673,461 |
Program Development Services Inc Brooklyn, NY | $16,969,361 | $21,610,144 |
Project Social Care Head Start Brooklyn, NY | $6,318,610 | $20,235,501 |
Race Forward New York, NY | $41,775,681 | $35,206,795 |