Wayforward Resources Inc
- Assets
- $4.6m
- Revenue
- $6.2m
- Investments
- $1.2m
- Employees
- 0
- Location
- Middleton, WI
- Founding
- 08/1984
- Data as of
- 03/2024
- EIN
- 39-1484945
Organization Overview
Wayforward Resources Inc is located in Middleton, WI. The organization was established in 1984. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, 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. Wayforward Resources 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 03/2024, Wayforward Resources Inc generated $6.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $6.0m during the year ending 03/2024. While expenses have increased by 6.6% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
BRINGING OUR COMMUNITY TOGETHER TO CREATE FOOD AND HOUSING SECURITY THROUGH ACTION AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD SECURITY (PANTRY AND CLOTHING CENTER) - THE FOOD PANTRY OPERATES FIVE DAYS A WEEK AND SERVES ALL OF DANE COUNTY. GUESTS CAN VISIT AS OFTEN AS THEY NEED. DELIVERIES PROVIDE ACCESS TO FOOD FOR THOSE WHO STRUGGLE WITH TRANSPORTATION OR MOBILITY. THE FOOD PANTRY PROVIDES ACCESS TO NUTRITIOUS FOOD SUCH AS PRODUCE, PROTEIN SOURCES, AND DAIRY YEAR-ROUND. THE CLOTHING CENTER PROVIDES FREE CLOTHING. ON OUR BUSIEST DAY OF THE WEEK ABOUT 800 PEOPLE ACCESS FOOD.
HOUSING STABILITY - THROUGH THE HOUSING STABILITY PROGRAM, CASE MANAGERS ASSESS AND PROVIDE SUPPORT TO HOUSEHOLDS, INCLUDING FINANCIAL ASSISTANCE TO HELP PREVENT EVICTION AND MAINTAIN LONG-TERM STABLE HOUSING. FAMILIES CAN RECEIVE ASSISTANCE WITH RENT, SECURITY DEPOSITS, UTILITIES, AND OTHER BILLS. IN ADDITION, AN OUTREACH CASE MANAGER WORKS WITH AREA ORGANIZATIONS TO FACILITATE BROADER ACCESS TO SERVICES FOR OUR COMMUNITY. ABOUT 700 HOUSEHOLDS RECEIVED HOUSING STABILITY FUNDS IN THE MOST RECENT FISCAL YEAR.THE CONNECTIONS HOUSING PROGRAM SERVES HOUSEHOLDS IN DOUBLED-UP LIVING ARRANGEMENTS. DOUBLING-UP IS WHEN AN INDIVIDUAL OR FAMILY LIVES WITH ANOTHER HOUSEHOLD TEMPORARILY OR SHUFFLES INDEFINITELY BETWEEN HOMES BECAUSE OF ECONOMIC NEED. THE CONNECTIONS PROGRAM SUPPORTS INDIVIDUALS THROUGH CASE MANAGEMENT AND FUNDS TO ENSURE HOUSEHOLDS HAVE A PLACE OF THEIR OWN TO CALL HOME. ABOUT 30 HOUSEHOLDS PARTICIPATED IN THE CONNECTIONS PROGRAM IN THE MOST RECENT FISCAL YEAR.
SEASONAL PROGRAMS - INCLUDES THE BACK TO SCHOOL PROGRAM, THANKSGIVING DISTRIBUTION, AND WINTER WISHES PROGRAM. THE BACK TO SCHOOL PROGRAM PROVIDED BACKPACKS STUFFED WITH SCHOOL SUPPLIES TO CLIENTS WHO SIGNED UP FOR THE PROGRAM. THE THANKSGIVING DISTRIBUTION OPERATED AS A CHOICE MODEL, ALLOWING CLIENTS TO CHOOSE FROM AN ENHANCED VARIETY OF FOOD OPTIONS. FOR A SECOND YEAR, WINTER WISHES OPERATED AS A GIFT CARD PROGRAM, ALLOWING DONORS TO CONTINUE TO GIVE DIRECTLY TO FAMILIES WHILE STILL ALLOWING THEM THE DIGNITY OF CHOOSING THEIR OWN ITEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Nolan President | OfficerTrustee | 3 | $0 |
Susannah Gustafson Vice President | OfficerTrustee | 1 | $0 |
Sue Loken Treasurer | OfficerTrustee | 1 | $0 |
Darren Fortney Secretary | OfficerTrustee | 1 | $0 |
Connie Matye Director | Trustee | 1 | $0 |
Brian Hornung Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $180,901 |
| Membership dues | $0 |
| Fundraising events | $128,266 |
| Related organizations | $0 |
| Government grants | $289,576 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,526,618 |
| Noncash contributions included in lines 1a–1f | $3,543,286 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,125,361 |
| Total Program Service Revenue | $0 |
| Investment income | $72,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,800 |
| Net Income from Fundraising Events | $717 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,195,506 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,202,623 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,624 |
| Compensation of current officers, directors, key employees. | $89,515 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,003,831 |
| Pension plan accruals and contributions | $35,246 |
| Other employee benefits | $58,981 |
| Payroll taxes | $96,003 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,977 |
| Advertising and promotion | $14,038 |
| Office expenses | $182,669 |
| Information technology | $42,567 |
| Royalties | $0 |
| Occupancy | $90,422 |
| Travel | $9,124 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,272 |
| Interest | $645 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,644 |
| Insurance | $24,997 |
| All other expenses | $3,136 |
| Total functional expenses | $6,047,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,591 |
| Savings and temporary cash investments | $922,398 |
| Pledges and grants receivable | $302,244 |
| Accounts receivable, net | $30,549 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $85,300 |
| Prepaid expenses and deferred charges | $597 |
| Net Land, buildings, and equipment | $1,983,985 |
| Investments—publicly traded securities | $1,322 |
| Investments—other securities | $1,157,986 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $86,658 |
| Total assets | $4,643,630 |
| Accounts payable and accrued expenses | $82,662 |
| 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 | $430,772 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $99,466 |
| Total liabilities | $612,900 |
| Net assets without donor restrictions | $3,775,901 |
| Net assets with donor restrictions | $254,829 |
| 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 | $4,643,630 |