Wafer Inc
- Assets
- $3.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 16
- Location
- La Crosse, WI
- Founding
- 07/1986
- Data as of
- 12/2021
- EIN
- 39-1552632
Organization Overview
Wafer Inc is located in La Crosse, WI. The organization was established in 1986. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Wafer Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wafer 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, Wafer Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $453.0k during the year ending 12/2021. While expenses have increased by 7.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RESPONDING TO GOD'S LOVE, WAFER PROVIDES FOOD AND WORKS TO ELIMINATE HUNGER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF FOOD TO THE NEEDY. APPROXIMATELY 48,000 PEOPLE ARE FED ANNUALLY THROUGH WAFER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Waldhart Executive Di | Officer | 25 | $52,500 |
Lee Bluske Treasurer | OfficerTrustee | 2 | $0 |
Rev Taylor Haley President | OfficerTrustee | 2 | $0 |
Judy Siefert Secretary | OfficerTrustee | 2 | $0 |
Mike Voss Vice Preside | OfficerTrustee | 2 | $0 |
Madalene Buehlow Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $98,205 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,160,673 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,258,878 |
| Total Program Service Revenue | $0 |
| Investment income | $17,128 |
| 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 | $1,276,006 |
| 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. | $52,500 |
| Compensation of current officers, directors, key employees. | $10,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,856 |
| Pension plan accruals and contributions | $2,645 |
| Other employee benefits | $0 |
| Payroll taxes | $15,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,417 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,597 |
| Office expenses | $5,684 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,854 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,115 |
| Insurance | $19,742 |
| All other expenses | $7,045 |
| Total functional expenses | $453,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,339,113 |
| Pledges and grants receivable | $242,380 |
| 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 | $5,185 |
| Net Land, buildings, and equipment | $1,665,035 |
| Investments—publicly traded securities | $268,942 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,520,655 |
| Accounts payable and accrued expenses | $61,684 |
| 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 | $1,100,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,161,684 |
| Net assets without donor restrictions | $1,629,695 |
| Net assets with donor restrictions | $729,276 |
| 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 | $3,520,655 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Wafer Inc has recieved totaling $428,092.
| Awarding Organization | Amount |
|---|---|
Feed The Children Inc Oklahoma City, OK PURPOSE: NECESSITIES FOR NEEDY CHILDREN & FAMILIES | $346,068 |
Great Rivers United Way Inc Onalaska, WI PURPOSE: RESTRICTED GRANT | $45,027 |
Lacrosse Community Foundation La Crosse, WI PURPOSE: HEALTH AND HUMAN SER | $16,267 |
Givenkind Gurnee, IL PURPOSE: To assist those in need | $9,716 |
American Endowment Foundation Hudson, OH PURPOSE: FOOD, NUTRITION | $6,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,014 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Forgotten Harvest Inc Oak Park, MI | $66,875,011 | $91,679,704 |
Food Bank Of Eastern Michigan Inc Flint, MI | $43,208,303 | $106,664,807 |
Feeding America West Michigan Comstock Park, MI | $22,537,304 | $50,507,823 |
Second Harvest Foodbank Of Southern Wisconsin Madison, WI | $26,296,276 | $43,990,829 |
River Bend Food Reservoir Davenport, IA | $24,095,771 | $42,604,149 |
Food Bank Of Iowa Des Moines, IA | $30,639,112 | $46,724,130 |
Eastern Illinois Foodbank Urbana, IL | $10,806,668 | $26,487,103 |
South Michigan Food Bank Battle Creek, MI | $7,733,906 | $21,627,675 |
Channel One Inc Rochester, MN | $10,900,527 | $23,904,084 |
Greater Lansing Food Bank Lansing, MI | $16,845,910 | $24,023,490 |
Northeast Iowa Food Bank Inc Waterloo, IA | $13,006,987 | $17,224,102 |
Central Illinois Foodbank Springfield, IL | $12,612,118 | $17,823,321 |