Wakeman Memorial Association Inc
- Assets
- $16.2m
- Revenue
- $5.7m
- Investments
- $7.9m
- Employees
- 180
- Location
- Fairfield, CT
- Founding
- 11/1937
- Data as of
- 07/2021
- EIN
- 06-0662198
Organization Overview
Wakeman Memorial Association Inc is located in Fairfield, CT. The organization was established in 1937. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 07/2021, Wakeman Memorial Association Inc employed 180 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wakeman Memorial Association 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 07/2021, Wakeman Memorial Association Inc generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $2.8m during the year ending 07/2021. While expenses have increased by 2.3% per year over the past 6 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
COMMUNITY YOUTH SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC SUCCESS: AFTER SCHOOL PROGRAM FOR ALL MEMBERS K-8, WITH OPEN GYM TIME, POWER HOUR WITH DEDICATED HOMEWORK SPACE AND STAFF, OUTDOOR PLAY AREAAND FREQUENT STEM, CREATIVE ARTS AND OTHER SPECIAL ACTIVITIES. HOMEWORK HELP IS AVAILABLE FOR ALL GRADES.
CAMP: PROVIDE A SUMMER FULL OF INDOOR-OUTDOOR, ACTIVE AND CREATIVE FUN AT OUR CLUBHOUSES. OFFERING WEEKLY, THEMED, FULL-DAY CAMP WITH BEFORE AND AFTER CARE OPTIONS AS WELL AS SPECIALTY CAMPS AND TEEN LEADERSHIP TRAINING OPPORTUNITIES.
HEALTHY LIFESTYLES: BASKETBALL LEAGUES AND FOOTBALL TEAMS PROVIDE A FRIENDLY ATMOSPHERE FOR COACHES TO WORK WITH TEAMS OF BOYS AND/OR GIRLS. THESE TEAMS, WHICH CONSIST OF PLAYERS WITH DIFFERENT SKILL LEVELS, ARE TAUGHT THE BASICS AS WELL AS GOOD SPORTMANSHIP WHILE HAVING FUND AND MAKING NEW FRIENDS
WAKEMAN MEMORIAL ASSOCIATION, INC. (THE "ASSOCIATION") STRIVES TO ENHANCE THE PHYSICAL, SOCIAL AND EMOTIONAL DEVELOPMENT OF AREA YOUTH THROUGH PROGRAMS THAT PERPETUATE SOUND CITIZENSHIP. THE ASSOCIATION'S RECREATIONAL ENVIRONMENT PROVIDES ITS MEMBERSHIP, OVER 1,500 BOYS AND GIRLS, WITH A TRADITIONAL AFTER SCHOOL DROP-IN CENTER, WHILE ALSO SERVING AS AN OUTLET FOR PROFESSIONALLY STRUCTURED ACTIVITIES IN THE FOLLOWING CORE PROGRAM AREAS: CHARACTER AND LEADERSHIP DEVELOPMENT, EDUCATION AND CAREER DEVELOPMENT, HEALTH AND LIFE SKILLS, THE ARTS AND SPORTS, FITNESS AND RECREATION. THE ASSOCIATION'S SOUTHPORT AND SMILOW BURROUGHS CLUBHOUSES AND ADJACENT GROUNDS CONTAIN GYMNASIUMS, GAME ROOMS, MULTI-PURPOSE ROOM, CRAFT ROOMS, TEEN LOUNGES AND OUTSIDE FIELD/PLAY AREAS. THE ASSOCIATION OFFERS PROGRAMS AT MCKINLEY SCHOOL AND HOLLAND HILL IN FAIRFIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sabrina E Smeltz Chief Executive Officer | Officer | 40 | $121,485 |
Brenda Marsian Chief Development Officer | Officer | 40 | $49,250 |
Elena Simoes Chief Financial Officer | Officer | 40 | $10,462 |
Stacey Hoin 1st Vice Chairman | OfficerTrustee | 1 | $0 |
Sheila Clancy 2nd Vice Chairman | OfficerTrustee | 1 | $0 |
Sean Sulivan Chairman | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $104,435 |
| Fundraising events | $81,934 |
| Related organizations | $0 |
| Government grants | $275,294 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,296,591 |
| Noncash contributions included in lines 1a–1f | $1,371,857 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,758,254 |
| Total Program Service Revenue | $588,055 |
| Investment income | $103,986 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $214,409 |
| Net Income from Fundraising Events | $63,444 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,728,148 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $326,768 |
| Compensation of current officers, directors, key employees. | $144,738 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,216,983 |
| Pension plan accruals and contributions | $115,376 |
| Other employee benefits | $111,076 |
| Payroll taxes | $132,930 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,183 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,245 |
| Fees for services: Other | $62,979 |
| Advertising and promotion | $43,015 |
| Office expenses | $58,371 |
| Information technology | $46,831 |
| Royalties | $0 |
| Occupancy | $28,377 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,022 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,210 |
| Insurance | $0 |
| All other expenses | $162,183 |
| Total functional expenses | $2,837,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $874,389 |
| Savings and temporary cash investments | $226,540 |
| Pledges and grants receivable | $4,031,876 |
| Accounts receivable, net | $0 |
| 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 | $27,379 |
| Net Land, buildings, and equipment | $1,857,347 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,927,337 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,212,656 |
| Total assets | $16,157,524 |
| Accounts payable and accrued expenses | $105,190 |
| 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 | $365,890 |
| Total liabilities | $471,080 |
| Net assets without donor restrictions | $7,897,653 |
| Net assets with donor restrictions | $7,788,791 |
| 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 | $16,157,524 |
Grants Recieved
Over the last fiscal year, we have identified 37 grants that Wakeman Memorial Association Inc has recieved totaling $1,467,158.
| Awarding Organization | Amount |
|---|---|
The Frederick A Deluca Foundation Inc Pompano Beach, FL PURPOSE: WAKEMAN BOYS & GIRLS CLUB MADISON AVENUE CLUBHOUSE CAPITAL PROJECT | $1,000,000 |
Elizabeth M Pfriem Foundation Rye Brook, NY PURPOSE: TO SUPPORT CHILDREN & FAMILIES | $115,000 |
Fairfield Countys Community Foundation Inc Norwalk, CT PURPOSE: FOR GENERAL SUPPORT. | $77,500 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $54,000 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL PURPOSE: SMILOW-BURROUGHS CLUBHOUSE - GENERAL OPERATING SUPPORT | $50,000 |
Boys & Girls Clubs Of America Atlanta, GA PURPOSE: Support BGCA Program | $23,893 |
Endowment Analysis
| Beg. Balance | $4,111,320 |
| Earnings | $1,010,731 |
| Admin Expense | $36,245 |
| Net Contributions | $2,771 |
| Other Expense | $160,000 |
| Ending Balance | $4,928,577 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manhattan Youth Recreation And Resources Inc New York, NY | $17,184,242 | $19,141,924 |
Sephardic Community Youth Center Brooklyn, NY | $72,169,796 | $17,975,881 |
Do Something Inc New York, NY | $16,018,625 | $4,390,638 |
Colonie Youth Center Inc Latham, NY | $13,129,145 | $4,748,575 |
Squashbusters Inc Roxbury Crossing, MA | $32,066,323 | $8,675,838 |
El Puente De Williamsburg Inc Brooklyn, NY | $1,746,153 | $3,586,866 |
Manhattan Soccer Club Inc New York, NY | $3,532,103 | $3,811,063 |
Compass Youth Collaborative Inc Hartford, CT | $2,453,740 | $3,584,751 |
Wakeman Memorial Association Inc Fairfield, CT | $16,157,524 | $5,728,148 |
Valeo Futbol Club Inc Newton Center, MA | -$49,861 | $2,149,283 |
Sociedad Latina Inc Roxbury, MA | $10,396,868 | $3,359,611 |
Wendell P Clark Memorial Young Mens Christian Association Inc Winchendon, MA | $12,441,713 | $1,690,949 |