Wafer Inc
- Assets
- $4.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 13
- Location
- La Crosse, WI
- Founding
- 07/1986
- Data as of
- 12/2022
- 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 12/2022, Wafer Inc employed 13 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 12/2022, Wafer Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $540.8k during the year ending 12/2022. While expenses have increased by 9.0% 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
2022
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Waldhart Executive Di | Officer | 25 | $54,500 |
Lee Bluske Treasurer | OfficerTrustee | 2 | $0 |
Madalene Buehlow Director | Trustee | 1 | $0 |
Anne Clarkin Director | Trustee | 1 | $0 |
Brad Clarkin Director | Trustee | 1 | $0 |
Brent Drenckhahn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $203,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,327,207 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,530,207 |
| Total Program Service Revenue | $0 |
| Investment income | $16,556 |
| 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 | $1,546,763 |
| 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. | $54,500 |
| Compensation of current officers, directors, key employees. | $10,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,996 |
| Pension plan accruals and contributions | $1,883 |
| Other employee benefits | $0 |
| Payroll taxes | $16,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $62,532 |
| Office expenses | $14,414 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,526 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $873 |
| Interest | $31,257 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,460 |
| Insurance | $26,735 |
| All other expenses | $13,043 |
| Total functional expenses | $540,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,155,049 |
| Pledges and grants receivable | $316,818 |
| 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 | $7,879 |
| Net Land, buildings, and equipment | $2,560,869 |
| Investments—publicly traded securities | $246,703 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,148 |
| Other assets | $0 |
| Total assets | $4,292,466 |
| Accounts payable and accrued expenses | $24,239 |
| 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 | $933,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $957,239 |
| Net assets without donor restrictions | $1,501,842 |
| Net assets with donor restrictions | $1,833,385 |
| 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 | $4,292,466 |