Wswa Educational Foundation Inc
- Assets
- $1.1m
- Revenue
- $396.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 26-1933101
Organization Overview
Wswa Educational Foundation Inc is located in Washington, DC. The organization was established in 2008. According to its NTEE Classification (F21) the organization is classified as: Substance Abuse Prevention, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wswa Educational Foundation 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, Wswa Educational Foundation Inc generated $396.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $127.9k during the year ending 12/2021. While expenses have increased by 4.9% 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
TO SUPPORT EDUCATION, INDUSTRY RESEARCH, AND RESPONSIBLE ALCOHOL CONSUMPTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS TOTALING $126,000 WERE AWARDED TO FIFTY SEVEN (57) TALENTED, COLLEGE-GOING DEPENDENTS OF WSWA MEMBER COMPANY EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Korsmo Secretary | OfficerTrustee | 1 | $0 |
Robert Lipman President | OfficerTrustee | 1 | $0 |
Steven Becker Vice President | OfficerTrustee | 1 | $0 |
Bobby Harmelin Treasurer | OfficerTrustee | 1 | $0 |
Stan Hastings Director | Trustee | 1 | $0 |
Jay Colston III Director | Trustee | 1 | $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 | $387,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $387,500 |
| Total Program Service Revenue | $0 |
| Investment income | $8,453 |
| 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 | $395,953 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $126,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $361 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $203 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $127,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,072,580 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,464 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,077,044 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,077,044 |
| 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 | $1,077,044 |
Grants Awarded
Over the last fiscal year, Wswa Educational Foundation Inc has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Monica, CA PURPOSE: AWARD THAT RAISES AWARENESS OF THE FOUNDATION GIVEN ON BEHALF OF AN ENTITY THAT HAS MADE OUTSTANDING | $10,000 |
UNITED WAY OF HOUSTON PURPOSE: CONTRIBUTION | $10,000 |
AMERICAN RED CROSS PURPOSE: CONTRIBUTION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wswa Educational Foundation Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
The G&s Foundation Dallas, TX PURPOSE: EDUCATIONAL OPERATIONS | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Truth Initiative Foundation Washington, DC | $1,008,096,015 | $92,158,475 |
Tobacco Free Kids Action Fund Washington, DC | $65,428,376 | $47,072,428 |
Family And Medical Counseling Service Inc Washington, DC | $9,894,107 | $15,982,465 |
National Center For The Advancement Of Prevention Inc Beltsville, MD | $2,305,765 | $4,328,969 |
Washington Regional Alcohol Program Tysons, VA | $1,131,722 | $1,833,301 |
Strength In Peers New Market, VA | $276,028 | $1,241,705 |
Warren County Community Health Coalition Inc Front Royal, VA | $65,504 | $880,832 |
Fasd United Inc Washington, DC | $40,542 | $606,806 |
Center For Alcohol Policy Alexandria, VA | $671,048 | $665,308 |
Recovery For The City International Inc Virginia Beach, VA | $1,171,238 | $540,505 |
Icarre Foundation Baltimore, MD | $44,536 | $310,330 |
New Restoration Ministries Inc Randallstown, MD | $139,485 | $215,964 |