Wbss Way
- Assets
- $925.5k
- Revenue
- $95.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fremont, CA
- Founding
- 04/2010
- Data as of
- 10/2023
- EIN
- 27-1263503
Organization Overview
Wbss Way is located in Fremont, CA. The organization was established in 2010. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wbss Way 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 10/2023, Wbss Way generated $95.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $118.7k during the year ending 10/2023. While expenses have increased by 3.5% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DRAWING CLASSES FOR DISADVANTAGED YOUTH
LANGUAGE CLASSES FOR DISADVANTAGED YOUTH
CERAMIC CLASSES FOR DISADVANTAGED YOUTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liming Wei President | 8 | $0 | |
Peixian Jiang Secretary | 16 | $27,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $60 |
| Dividends & Interest | $0 |
| Net Rental Income | $45,191 |
| 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 | $95,744 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,392 |
| Depreciation | $22,435 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $62,381 |
| Total operating and administrative expenses | $118,233 |
| Contributions, gifts, grants paid | $500 |
| Total expenses and disbursements | $118,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,870 |
| Savings and temporary cash investments | $42,229 |
| 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 | $806,351 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $925,450 |
| 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 | $6,036 |
| Total liabilities | $6,036 |
Grants Awarded
Over the last fiscal year, Wbss Way has awarded $6,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE TECH MUSEUM OF INNOVATION PURPOSE: DONATION | $250 |
HARBOUR LIGHT CHURCH PURPOSE: DONATION | $6,500 |