The Way Foundation
- Assets
- $0.0
- Revenue
- $199.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 03/2009
- Data as of
- 12/2020
- EIN
- 45-0572015
Organization Overview
The Way Foundation is located in Wilmington, NC. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2020, Way Foundation generated $199.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $206.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (14.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Way Foundation has awarded 83 individual grants totaling $951,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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 |
|---|---|---|---|
John S Gillilan Jr Chairman | 3 | $0 | |
John C Martin Vice Chairman | 2 | $0 | |
Armied A Godwin III President\treasurer | 2 | $0 | |
Jackie Martin Secretary | 2 | $0 | |
Cindy Godwin Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $199,550 |
| Interest on Savings | $272 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| 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 | $199,822 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,703 |
| Contributions, gifts, grants paid | $198,000 |
| Total expenses and disbursements | $206,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Way Foundation has awarded $198,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST MID-MISSIONS PURPOSE: VARIOUS MISSIONS | $5,000 |
COASTAL CHRISTIAN HIGH SCHOOL PURPOSE: HIGH SCHOOL MINSITRIES, INCLUDING SCHOLARSHIP ASSSITANCE | $8,000 |
CONVOY OF HOPE PURPOSE: VARIOUS MINISTRIES | $30,000 |
CHRISTIAN LIBRARY INTERNATIONAL PURPOSE: VARIOUS MISSIONS | $5,000 |
FAMILYWORKS MINISTRIES PURPOSE: VARIOUS MINISTRIES | $10,000 |
FIRST FRUITS MINISTRIES PURPOSE: VARIOUS MISSIONS FOR HOMELESS, INCLUDING HOUSING AND FEEDING | $5,000 |