Why Tuesday Inc
- Assets
- $1.2m
- Revenue
- $13.1k
- Investments
- $1.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/2008
- Data as of
- 09/2023
- EIN
- 20-3868119
Organization Overview
Why Tuesday Inc is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (R40) the organization is classified as: Voter Education & Registration, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Why Tuesday 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 09/2023, Why Tuesday Inc generated $13.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (27.4%) each year. All expenses for the organization totaled $182.5k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SET OUT TO RAISE AWARENESS ABOUT AMERICA'S LOW VOTER TURNOUT AND PROVIDE A PLATFORM FOR NATIONAL DIALOGUE ABOUT THE CURRENT VOTING SYSTEM, PROBLEMS WITH OUR CURRENT VOTING SYSTEM, AND SOLUTIONS THAT CAN DIRECTLY IMPROVE THE VOTING PROCESS, INCREASE REGISTRATION AND DRIVE TURNOUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED OPERATION OF THE FOUNDATION WEBSITE THROUGHOUT THE FISCAL YEAR, CARRYING OUT THE FOUNDATION'S MISSION STATED IN PART III, LINE 1, AND FILING OF FISCAL YEAR TAX RETURNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Young Chairman Of The Board | 2 | $50,000 | |
Norman J Ornstein Director | 0 | $0 | |
William B Wachtel President | 5 | $0 | |
Martin Luther King III President | 0 | $0 | |
Helen Petulla Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $42 |
| Dividends & Interest | $13,066 |
| 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 | $13,108 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $723 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $23,771 |
| Printing and publications | $0 |
| Other expenses | $100,000 |
| Total operating and administrative expenses | $182,494 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $182,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,941 |
| Savings and temporary cash investments | $17,636 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $90,000 |
| 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 | $1,154,454 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $180,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $180,000 |
Grants Awarded
Over the last fiscal year, Why Tuesday Inc has awarded $110,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DRUM MAJOR INSTITUTE PURPOSE: TO PROVIDE ASSISTANCE IN WORLD PEACE PROGRAMS AND "MORAL REVIVAL TOUR" MEETINGS ACROSS AMERICA | $50,000 |
PEACETECH LAB PURPOSE: TO AID IN EXPANDING AND ACCELERATING THE USE OF TECHNOLOGY, MEDIA AND DATA FOR PEACEBUILDING THROUGH RESEARCH, TRAINING, AND DEVELOPMENT OF INNOVATIVE, SUSTAINABLE PROGRAM STRATEGIES. | $60,000 |