Wetati Academy Inc
- Assets
- $106.2k
- Revenue
- $155.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Riverdale, MD
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 37-1704890
Organization Overview
Wetati Academy Inc, operating under the name We're Empowered To Achieve The Impossible (wetati), is located in Riverdale, MD. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. We're Empowered To Achieve The Impossible (wetati) 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, We're Empowered To Achieve The Impossible (wetati) generated $155.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $94.2k during the year ending 12/2021. While expenses have increased by 7.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WETATI SEEKS TO EDUCATE K-12, COLLEGE AND UNIVERSITY STUDENTS WITH TOOLS AND RESOURCES TO CREATE ONES OWN OPPORTUNITY THROUGH A MINDSET SHIFT THAT CHANGES THEIR NARRATIVE FROM JOB SEEKING TO ENTREPRENEURSHIP OR DISRUPTI
Describe the Organization's Program Activity:
Part 3 - Line 4a
WETATI ENTREPRENEURSHIP STEM - E-STEM EDUCATION EXPLORES AND TEACHES THE ENTREPRENEURIAL ASPECT OF STEM E-STEM, SO THAT THE STUDENTS STEMPRENEURS CAN BEGIN EARLY TO LEARN HOW TO MONETIZE AND LEVERAGE THEIR SCIENTIFIC IDEAS OR AND PREPARE THEM FOR THE 21ST CENTURY WORKFORCE IN ANY FIELD OF THEIR CHOOSING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ambassador Dr Margaret Dureke Founder, President, CEO | OfficerTrustee | 60 | $28,826 |
Jimmie Jones Board Member | Trustee | 1 | $0 |
Deepa Deshpande Ms Mbiot Pmp Board Member | Trustee | 1 | $0 |
Anne Reese Carswell Board Member | Trustee | 1 | $0 |
Vania Mcbean Board Member | Trustee | 1 | $0 |
Kimberly Wallace Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $82,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,453 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,203 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $155,203 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,826 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,401 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,791 |
| Advertising and promotion | $470 |
| Office expenses | $8,923 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,818 |
| Travel | $20 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $819 |
| 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 | $94,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,224 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $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 | $106,224 |
| 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 | $106,224 |
| 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 | $106,224 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wetati Academy Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Venture Philanthropy Partners Inc Washington, DC PURPOSE: FUND INITIATIVES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Mission Norfolk, VA | $19,076,349 | $10,467,458 |
Montgomery County Community Action Development Commission Norristown, PA | $3,474,447 | $9,701,447 |
Harford Community Action Agency Inc Edgewood, MD | $1,673,036 | $9,657,215 |
Hartwood Foundation Inc Fairfax, VA | $10,472,777 | $9,719,871 |
Liberty Lutheran Services Ambler, PA | $87,780,400 | $9,720,613 |
Olivet Medical Ministry Inc Yorktown, VA | $5,086,470 | $8,947,962 |
Families U S A Foundation Inc Washington, DC | $37,749,314 | $9,369,992 |
Community Action Partnership Of Mercer County Sharon, PA | $4,458,318 | $9,067,066 |
Community Assistance Network Inc Baltimore, MD | $3,357,126 | $8,764,138 |
Methodist Services Philadelphia, PA | $6,407,252 | $8,201,860 |
Peoples Place Ii Inc Milford, DE | $5,585,489 | $9,355,461 |
Resource Connections Incorporated Lanham, MD | $5,507,400 | $8,463,965 |