The Way Of Business
- Assets
- $7.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Nine Mile Falls, WA
- Founding
- 09/2013
- Data as of
- 12/2022
- EIN
- 45-5619173
Organization Overview
The Way Of Business is located in Nine Mile Falls, WA. The organization was established in 2013. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Way Of Business 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, Way Of Business generated $9.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $11.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE WAY OF BUSINESS IN 2022 COMPLETED MANY ACCOMPLISHMENTS IN MEETING OUR EXEMPT PURPOSE ACHIEVEMENTS.CONCERNING OUR CONSULTATION SERVICES, WE PROVIDED FOUR WORKSHOPS/TRAINING SESSIONS AT FOUR DIFFERENT BUSINESS LOCATIONS, AIMED TO HELP THEM MEET THEIR NEEDS FOR 2022 ACCOMPLISHMENTS. IN ADDITION, ELEVEN PROGRAMS WERE FURNISHED TO VARIOUS SPOKANE AREA MINISTRIES, EACH INVOLVING THE NEEDS FOR EFFECTIVE STRATEGY DEVELOPMENTS. MANY OF THESE STATE EFFORTS ARE ON-GOING. THE WAY OF BUSINESS CONTINUED ITS COMMUNITY INVOLVEMENT BY CONDUCTING 75 TOTAL MEETINGS WITH PEOPLE AND ORGANIZATIONS TO LEARN HOW OUR ORGANIZATION COULD HELP ADVANCE THEIR CAUSES. SUBJECTS OF MAJOR INTEREST DURING THE YEAR WAS BUILDING STRUCTURE INTO THE ACTIVITIES OF NONPROFITS AND EDUCATE THE COMMUNITY AT LARGE IN DEVELOPING BETTER UNITY AMONGST FAITH BASED MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Tompkins President & CEO | 20 | $0 | |
Mike O'connor Director | 3 | $0 | |
Jeff Jordan Treasurer | 3 | $0 | |
Mark Andreson Vice President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,030 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $9,030 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $923 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,523 |
| Total expenses | $11,446 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,418 |
| Other assets | $0 |
| Total assets | $7,418 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,418 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Way Of Business has recieved totaling $4,450.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $4,450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Village Missions Dallas, OR | $5,481,807 | $8,833,787 |
Community Development Inc Garden City, ID | $42,153,213 | $14,412,416 |
Alaska Christian College Soldotna, AK | $12,266,516 | $4,929,517 |
Black Diamond Camps Auburn, WA | $11,118,087 | $4,787,824 |
Serving Usa Inc Camas, WA | $2,399,183 | $3,743,258 |
Cannon Beach Conference Center Cannon Beach, OR | $14,722,335 | $5,412,142 |
Gospel Outreach College Place, WA | $2,908,412 | $3,734,664 |
Bible Mennonite Fellowship Mcminnville, OR | $7,686,540 | $4,194,046 |
Interfaith Works Olympia, WA | $6,843,935 | $4,685,238 |
Jubilee Foundation Pasco, WA | $185,597,086 | $13,515,823 |
Faith Ministries Inc Moscow, ID | $6,719,779 | $2,692,121 |
Love In Action Ketchikan, AK | $166,852 | $2,613,775 |