Wtab
- Assets
- $820.6k
- Revenue
- $799.7k
- Investments
- $55.9k
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 02/2006
- Data as of
- 12/2022
- EIN
- 04-3805865
Organization Overview
Wtab is located in Lubbock, TX. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wtab 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 12/2022, Wtab generated $799.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 52.3% each year . All expenses for the organization totaled $383.7k during the year ending 12/2022. While expenses have increased by 14.0% per year over the past 4 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.
Since 2020, Wtab has awarded 81 individual grants totaling $938,985. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Patterson President | 1 | $0 | |
Dan Patterson Treasurer | 0.25 | $0 | |
Mike Patterson Secretary | 0.25 | $0 | |
Brent Patterson VP | 0.25 | $0 | |
Jason Patterson VP | 0.25 | $0 | |
Matt Patterson VP | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $797,389 |
| Interest on Savings | $7 |
| Dividends & Interest | $2,328 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $799,724 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $137 |
| Total operating and administrative expenses | $137 |
| Contributions, gifts, grants paid | $383,550 |
| Total expenses and disbursements | $383,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $757,809 |
| Savings and temporary cash investments | $6,846 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $820,604 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Wtab has awarded $383,550 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE AVENUE BAPTIST CHURCH PURPOSE: PROPAGATION OF CHRISTIANITY | $20,270 |
FAITH FREE WILL BAPTIST CHURCH PURPOSE: PROPAGATION OF CHRISTIANITY | $11,000 |
FIRST BAPTIST CHURCH PURPOSE: PROPAGATION OF CHRISTIANITY | $45,162 |
BAYLOR BAPTIST CHURCH PURPOSE: PROPAGATION OF CHRISTIANITY | $8,600 |
BIBLE BAPTIST FELLOWSHIP PURPOSE: PROPAGATION OF CHRISTIANITY | $72,500 |
EDUCATION RESEARCH ANALYSTS PURPOSE: PUBLIC SCHOOL TEXTBOOK REVIEWS | $11,000 |